The Democrat. (Scotland Neck, Halifax Co., N.C.) 1884-1896, 1893-12-14

DIT oil tIIItIS tilN l'f'20 'N'ti '''1'~AA
entirely free from perplexity, no en-
barrasaing situation remains that VIII
not yield to the true spirit OF fairness
and love OF Justice, which, joined with
cosistent firmnesa, characterizes a truly
American foreign policy.
GOyERNMENT FINANCES.
The Secretary Of the Treasury re-
ports that the receipts Of the govern
ment from all sources during the fiscal
wear ended June 80, 1898. amounted
to $4G1 1861, and its expenditures
tC $459 ,374, G74 There was collected
from customs $2OO,355, OI6, and from
internal revenue $l61 OPT ,623 Ourd
table imports amounted to ~ ,o56,-
I'll. an increase OF 81 ,433 ,9O7 over
the preceding year, and importatlons
free OF duty amounted to T444 ,344 I'll
q decrease from the preceding year OF
$13, 455, 447. Internal revenue receipts
exceeded those Of the preceding year by
$7,147 100
The total tax collected on distilled
spirits was S94,72O, 26O, and on manu-
featured tobacco $3l ,SS9,7I1, and on
fermented liquors S32 ,54S, 1913. We ex-
ported merchandise during the year
amounting to SS47 $50, 1874 a decrease
of $lS2,612,954 from the preceding
wear. The amount of gold exported
was larger than any previous year in
the history OF the government amount
ing to sos. 6SO,S44, and exceeding
the amount exported during the pre-
ceding year by SOS, 4S5,5lS. The sum
paid from the treasury for sugar bOun-
ty was $3.50 ,l3O, an increase over the
preceding wear Of S2,O33,O 53
1t is estimated upon the basis OF
present revenue laws that the receipts
of the government for the year ending
June 3Oth, 1894, will be $3.50, III ,3G5,
and its expenditures $i5S, i2l SO, re-
sulting in a deficiency of SOS, OOO,OOO
On the first day of November, 1898,
the amount of money of I'll kinds in
circulation or not included in Treasury
holding was S1,71S, 5H $50, an increase
for the year OF $l12, 4O4,947. T,stima-
ting our population at 81 ,426, OCO at
the time mentioned, the per capita cir
culation was $25.4O. On the same day
day there was in the Treasury gold
bullion amounting to 500, G37 .273, and
silver bullion which was purchased at
a cost of 1926, 261 ,552
The purchase of silver under she law
of July II, 1890, during the last fiscal
year aggregated 81 zoos, 1852 fine ounces
which cost 45,5S1,374 The total
amount of silver purchased from the
time that low became operative until
the repeal OF its purchasing clause on
the first day of November, 1898, was
16S, 674 $50 fine ounces, which cost
$3.50, $50. $40 Between the first day
of March, 1873, and the first day Of
November, 1898, the government pur-
chased under all laws 503,OO3,717 fine
ounces of silver at cost of S5l6,G22,-
94S. The silver dollars that have been
coined under the act of July ii, 1890,
number 36.OS7 .2S5. The seigniOrage
arising from such coinage was $G.377.-
O9S, leaving III the mints 1869 ,76O
fine ounces Of silver. which cost 1926
75S,21S.
Our total coinage Of al metals du-
ring the last fiscal year consisted of
S7,2SO,S75 pieces valued at 1885,
IFS, of which there was $50, OBS, 40 in
gold coin S. ,343,7l5 in silver dollars :;
$7,2l7 ,22O in subsidiary silver coin,
and 81 OS6, lO2 in minor coins. Du-
ring the calendar year 1892, the pro-
duction of precious metals in the
United States was estimated to be L.
1851 fine ounces of gold of the COM
mercial and coinage value of 500, OOO,-
600, and 100000 fine ounces of silver
OF the bullion or market value of $50
100000 and of the coinage value of
$74,9S9,O9
1t is estimated that on the first day
of July 1898 the metallic stock of
money in the United States, consisting
OF coin and bullion, amounted to ST.
213, 539, 1G9, of which 1897 ,697 .6S5 was
gold, and $615, SCI ,4S4 was silver.
One hundred and nineteen national
banks were organized during the wear
ending October 81, 1898 with 4 cani-
tai of $ll 100000 Forty six went in
to voluntary liquidation and one hun
dred and fifty eight suspended. Sixty
five OF the suspended banks were insol-
vent. Eighty six resumed business.
and seven remaining in hands of bank
examiners with prospects OF speedy
resumption
! OF the new banks organized IL we're
10 ca ed in the Eastern States. IL west
u Mississippi river, and 81 in the cen
i al and Southern States. The total
number of National banks in e,istenco