The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1893-12-16

Increase OF $52, ass, 907 over the proceed
ng years, and the importations Tree Of
iuty amounted to $444 ,544, 2ll, de-
;rease from the preceding year Of $751;
$50, Az. Our internal revenue receipts
exceeded those OF the preceding year by
n, 147 AS 80. The total tax collected
was:
On distilled spirits go IS
On manufactured tobacco ............ % $50 Ill ca
On fermented liquors..-..-..--..--. S2,oio,9e5 o.
We exported merchandise during the
year amounting to sS47 ,565, 1874, a de- +
crease OF $l62, 6l3, 249 81 from the preced- /
ing year. The amount OF gold exported
was larger than any previous year in the
history OF the government, amounting to
sl0S, $50, 844, and exceeding the amount
exported during the preceding year by
sos, Sly. The sum paid from the
treasury for sugar bounty was $3.50
100 81, an increase over the preceding
year OF 50. 033, 053 90.
NEXT YEARS ESTIMATES.
IL is estimated upon the basis of the
present revenue laws that the receipts
OF the government for the year ending
June 30, 1894, will be $3.50, l2l 1856 3S,
and its expenditures $45S, l2l 1856 80. re-
sulting in a deficiency OF $2s, 900, 900.
On the first day OF November. 1898, the
amount of money OF all kinds in circula-
ton or not included in the treasury
holdings was 81 ,71s,544, 6S2, an increase
for the year Of SIP .404 .945. Estimating
our population at 81 ,426 900 at the time
mentioned, the per capita circulation
was $25 40. On the same date there
was in the treasury gold bullion amount
ing to 800, So ,273, and silver bullion
which was purchased at cost of $l26,
POI ,553.
THE SILVER PURCHASES.
The purchases OF silver under the law
of July IA. 1890, during the last fiscal
year aggregated 81, COS, 1920 fine
ounces, which cost s45.53l ,374 50. The
total amount of silver purchased from
the time that law became operative I'M
til the repeal OF its purchasing clause,
November l, 1898, was 16S, 674, SOC. 46
fine ounces, which cost $l55. $3.50, $40 "a.
Between March l, 1878, and November
/, 1898, the government purchased I'M
der all laws sos, 0O3,7l7 fine ounces oil
silver, at a cost Of $516, 622, 946. The sill
yer dollars that have been coined under
the act OF July IA, 1890, number 36,0S7, >
2S5. The seigniorage arising from such
coinage was $6,977 ,695 80, leaving on
hand in the minis 40, 699.76O fine
ounces Of silver, which cost $l26, 57S, 2lS
Our total coinage OF all metals during
the last fiscal year consisted Of:
Pieces. .......97 80 So
Do loo y
1old 'oilt1 y
silver dollars .....-.-. ..---..--... 1oli tl2 y
Subsidiary silver coins................-. III ~
Minor coins..-.-.-.--..----.- liuoo,lu< y
During the calender year 1892 the pro
duction OF precious metals in the United
States was estimated to be:
Fine ounces SOC, 81
Commercial aud coinage value 900 90
Fine ounces silver. ......... 81 900 10
Coinage 1fso9 30
! 1t is estimated that on July l, 1891
E the metallic stock of money in the Unite
h States, consisting OF coin and bullion
i amounted TO s1,2i3. $50. 169, OF whie
,e $597 ,S97 6S5 was gold and $6l5, SOL Al
l. silver.
Id THE NATIONAL BANKS.
al One hundred and nineteen nation
a. banks were organized during the "
ended Octoher3l, 1898, with capital
$l1 ,230, 900. Forty-six went into volt
by tary liquidation and 15s suspended.
he the suspended banks 65 we're insolve
ril So resumed business, and remained
d : the hands OF bank examiners with or
he poets ri speedy resumption. OF the n
tn banks Aganized. A we're located in
ed Easte1& states, Al west of the Mississil
a. river and "a in the Central and Southt
or states. The total number of natioi
n banks in existence October 81, 1898. "
~ 1896, having an aggregate capital
10 $500 DOS, l20. The net increase in {
d circulation of these banks during &
year was $50. $50. 973.
Il EFFECT OF REPEAL.
The recent repeal of the provision
y the law requiring the purchase OF silve
II bullion by the government, as a featur
e Of our monetary scheme, makes a chang
l in the complexion Of our currenc
I affairs. do not doubt that the ulti
mate result OF this act will be most salu
D tary and far-reaching. In the natur
of things, however, it is impossible t
know at this time what conditions vii
be brought about by the change, o
T. what, il any, supplementary Legislation
q may, in the light OF such conditions
r appear to be essential or expedient. q
course, after the recent financial pertuI
e baton, time is necessary for the re-es
adjustment of business confidence
I When, however, through this restore
3 confidence, the money which has bee
5 frightened into hiding places is returne
e to trade and enterprise, a survey OF ia
, SITUATION Will pfODdDly disclose sal
1 path leading TO a permanently SOM
= currency abundantly sufficient to NEE
y every requirement Of our increasin
population and business. In the pursu
OF this object we should resolutely tur
h away from alluring and temporary es
o pedients, determined to be content wit
= nothing less than a lasting and compr,
n hensive financial plan. In these circun
}, stances am confident that a reasonabl
: delay in dealing with this subject, il
r stead of being injurious, will increas
+ the probability OF wise action.
THE BRUSSELS CONFERENCE.
The monetary conference, which a.
I; sembled at Brussels upon our invits
u ton, was adjourned TO November 30, !
: the present year. The consideration
: just stated, and the fact that a definit
proposit on from the United State
seemed to be expected on the resssen
7 bling of the conference, led me 10 eS
= press a willingness to have the meetin
! still further postponed. 1t seems 10 m
u that il would be wise 10 give gener;
authority to the president to invit
other nations TO such a conference q
any time when there should be a fai
prospect OF accomplishing an intema