Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1893-12-08

course for orr government 10 pursue was TO
undo the wrong That iIu u>eL done by those
representing and restore far prac-
ricable the status existing AZ the time OF our
forcible intervention. " i'll Vic" vi accom-
pishng this result within the constitutional
limits OF executive power. aud recognizing all
uur Obligations ant reapuns:Di!it,e, growing
out Of any changed condition., brought by our
uniustita interference. Our present minis Ter
st Honolulu mas received appropriate instruc.
lions to that end.
A Special Message Forthcoming
Thus far no information Of The accomplish
ment OF any definite results mas been received
from him Additional Advices are soon eI-
pected. When received they will be promptly
sent to the congress, together with all other in.
formation at hand, accompanied bS special
executive message fully detailing al the facts
necessar9 to d complete understanding OF the
case, and presenting history Of all the materi-
81 events leading up 10 the present situation
Favorable to Arbitration.
BY u concur at resolution, passed by The
senate February IA, 1890. and by the house OF
representatives the Sd Of April following. The
president reQues TED 10 invite. from time To
time, fit o :caSjons may arise. negotiations
with any government viii which tie United
States has or may have diplomatic relations,
" the end that amy differences dis
putes arising between tue Two govern
ments which cannot be adjus ted by dipio-
matte agenci may De referred 10 arbitration
and be peaceably adjusted BY such means.
April IL. 1899, the international American con
ference OF Washing ton by resolution expressed
the wish that all controversies between the re-
publics of America and the nations OF Europe
might be settled by arbitration and recon
mended that the government of each nation
represented in that conference should commu-
nicate this wish to all friendly powers
favorable response has been received from
Great Britain In the shape of q resolution
adopted in parliament July l6 last cordially
BympathiZng with the purpose in view, and ex-
pressing the hope that her majeStys govern
rnent viii lend ready cooperation 10 the govern
ment OF the United States upon the basis of the
concurrent resolution above quoted II affords
me signal pleasure 10 lay THIS parliamentary
before In -
my sincere qualification that the sentiment OF
two great and kindred nations is thus authori-
tatiyely manifest In favor OF the rational and
peaceable settlement of international Quarrels
by honorable resort to arbitration.
Grade of Foreign Enjoys Raised.
SiLce the passage Of the act OF March ), 1893
authorizing the president to raise the grade of
our ENJOYS TO correspond with the rank III
when Foreign countries lccreult their agents
pere. Great Britain, France Italy and Ger
many have conferred upon their representa-
Hves at this capital the title of ambassador
and have responded by accrediting the agent
OF the United States in those countries with
the same title
A like elevation Of mission is announced by
Russia, and when made will be similarly met
This step httingly COMFORTS with the position
the United States holds in the family of ma
tons. During my former administration / took
occasion TO recommend recGSt OF the laws re-
lating TO the consular service i'll order that il
might become q more efficient agency in the
promotion of the interest Is il intended 10
subserve The duties and powers OF consuis
ments OF our foreign trade. DiScharging i'm
portant duties affecting our commerce ana
American citizens abroad, and in certain coGn-
tries exercising Judicial functions these Off
GERS should be men Of character, intelligence
and ability.
Copyright Extended to Denmark
Upon proof that the legislation Of Denmark
secures copyright TO American citizens on
equal footing with its own, the privileges of our
Copyright laws have been extended by procla-
nation to subjects of that country
Financial Statement.
The secretary of the treasury reports that
the receipts OF the government from all sources
during the fiscal sea year ending June 80, 1893.
amounted to S46l 49, 6l "a and It's eXpend lures
to S459, 374, 674.29. There was collected from
customs - 70, 355 0l6 73 and from internal rev
enue Sl6lO"7, 623 93 Our du1iable imports
amounted to az. So6 III, an increase of S5I 453
0O7 over the preceding year, and lmporta tons
free of duty amounted to S444 54421l a decrease
from the preceding year of 8l3 49,, AT Internal
revenue receipts exceeded those OF the preced-
ing year by S7lI1. AS 81
The total tax collected on distilled spirits
wss 1874 72O, 2oO 50; on manufactured tobacco,
e3l oSs, "a, and on fermcnted liquor S32 548
eo3 " We exported merchandise during the
year amounting to $S47 655, 1884, a decrease OF
edo2, $685., from the preceding year. The
amount of gold exported was larger than any
previous year in the history of the government,
amounting TO S10S $50, 844, and exceeding the
amount exported during The preceding year by
&5S 485 5l7
The snm paid from the treasury for sugar
bounty was - 373 l3OeS, an increase over the
preceding year OF 12,U53 O53 Uo
Estimates.
1t Is estimated upon the basis of present rev
enue laws that the receipts OF the government
FOR the year ending June 3D. 1891, will be $43)
2l 36o IS and its expenditures e45s l2l 365 IS re-
| sulting N deficiency Of a2600U,OJ0.
Our Circulation.
On the first day OF November, 1898 the
amount OF money Of all kinds in circulation, or
not included in treasury holdings, S71S 544,
6o2 an increase for the year of S112, 4049I7. Els
tmating our population at e., 1926 900 at the time
mentioned the per capita circulG ton was S25 40
On the same date there was in the treasury
gold bullion amounting to 500 657, 273 and silver
bullion which was purchased at a cost of S126.-
e6i 553
Silver Bullion Purchases.
The purchases OF silver under the law of July
"A, 1870. during the last fiscal year, aggregated
Goi OUo, l62 90 fine ounces, which cost S45, ISL
674b3. The total amount of silver purchased
from the time that tax became operative until
the repeal of Its purchasing clause on the LIST
day of November, 1888 was s16s, GA,
$50 IS tine ounces, which cost Sl55 $50
e40sL Between the LIST day of March,
! 1878, and the 1st day of November 1898
the government purchased. under all laws, 513,
III fine ounces OF silver at cost of a5l5 622
A8 The silver dollars that have been coined
under the act Of July H. 1890, number SO OBJ 2s5
The seigElorage arising from such coinage was
:6,97 .09S 49, leaving on hand i'll the minis a.
E9,76o fine ounces of silver, whichcosl II 6 15a
Coinage Statistics.
! Our total coinage Of all metals during the last
fiscal year consisted of 81 2S),S1 pieces valued
at S43 6S5 1880 of which there $50 OBS l41 in
gold coin, IS, 343 rs in silver dollars, s. PIT go 81
in subsidiary silver coins and sl,0S6 l02. 80 in
| minor coins During the calendar year 1892
! the production of precious metals in the United
| States was estimated to be 1896, 375 fine
| ounces OF gold OF the commercial and coinage
value of S33,o00,0)0 and 5S0OJ,O0) mine ounces OF
silver OF the hSlion or market value Of $40
10000 and OF lie coinage value Of S74, 9S9 900
| It IS estimated that on the lst day of July,
! 1893, the metallic stock OF money in the United
States, consisting of coin and bullion, amour ted
to Sl,213 $50, 1853 OF which $780,, 69s $50 GOLD
| and s6!5, S6l, 49i was silver
New and Suspended Banks.
| One hundred and nineteen national banks
| were organized during the year ending October
81, 1893, with II capital of S1l,230 O0u Forty-siA
! went into voluntary liquidation and 1853 sus
| pended. Sixty-fve of the suspended banks
were insolvent, eighty six resumed business
| and seven remained in the hands Of bank ex
| aminers, with prospects Of speedy resumption
OF the new banks organized forty four were
! located in the eastern states. forty-one west Of
| the Mississippi river and thlrty-four in the
| central and southern states The total number
/ Of national banks in existence on the 91st day O
! October, 1893 3,19j. having an aggrega It
! capital of 1906. 55s l20 Net increase in the cir
| culatton OF these banks during the year was
| $50 ss5,912
| Repeal OF the Silver Purchasing Clause.
The recent repeal of the provisions OF ID y
/ requiring The purchase OF silver bullion b. tht
\ government feature of monetary
| scheme has made an entire change In the com
/ plexion of our currency affairs l do not doub
| that the ultimate result of this action will b.
| most salutary and far reaching In the nature
! OF things. however. it ia impossible TO know
! at this time precisely what conditions will b.
! brought about by the change, or what, If any
! supplementary legislation may in the light o.
such conditions, appear 10 be essential or ex
| pedient
Confident of the Future.
! OF course, after the recent financial perturba
ton, time is necessary for the reestablishmen
| OF business confidence When, however
through this restored confidence the money
| which has been frightened into boarding place!