The Progress., 1893-12-09

The secret iry of the treasury reports that the
| receipts OF the government from all sources
! during the fiscal year ended June 80. INg3
| amounted to $461. 1866. "a. and its expeudt
| lures to S459374,67469. There was collec ed
from customs SO, 5Ol6.76, and from internal
| revenue $l6l,U27,62393 Our duiiable imDoft.
| amounted To $i21, ,Sj67l1. an increase of SO,
| 4939O1 over the pr ceding year. and importa.
tons free OF duty amounting to $H4,5Ii2Il. a
| de rease from the preceding year of $l3,455447
| Internal revenue receipts exceed thos.
| OF the preceding year by 81 74l Az. -
The total tax collected on distilled spir Is
| S3l. $780, $500.
We exported merchandise during the year
amounting to SS476 j, ,l9l, q decrease OF SlS9.
6l2.9J4 from the proceeding year.
The amount of gold expOr ted was larger
than any previous year in the history OF the
government, amounting to $iUS6SJ SH and ex-
ceed ny the amount m g1J exported during the pre-
The sum paid from the treasury for sugar
unity was $3.50 l4O.oo an increase over the
preceding year of S2.U33 Uj3 0q.
1t is estimated, upon the basis OF present rev.
enue laws. that the receipts of the government
OF the year ending June 1891, will be SI}U,-
III 800. s, and its expenditures 8 So III 365 IS
resulting in deficiency of 80U,OOO.
On the first day of November 1S93 the
amount o money of all kinds in circulation or
not included in treasury holdings. was sI7Is,-
54i 6& an Incl ca e for th, year OF slI244gi7
Estimating our popula ion at Ga, ,12j,UOJ al the
time mentioned, the per capita circulation was
S2l49.
On the same date there was in the treasury
gold bullion amounting 10 Sy6 659, ,273 and slIver
bullion which was purchased at a cost OF $780,
Pol 5J3
The purchases of silver under the law OF .Julv
a. 1922 duriIg G the last fiscal year aggregated
2lOOo, lg9 % hne ounces which cost So 53l 574 So
The total amount of silver purchased from th.,
time That Jaw became operative until tn repeal
OF It's purchasing clause on the LIST day OF No
vember, loy3, was los, II l,59 i.46 fine ounces,
which cost $l33.9fO 81. Between The LIST day of
March, 1873 and the lst day OF NOvemb r 1898
the goverhme purchased under all laws SOB
OO3,1I hne ounces Of SILVER at cost of Solo CS2-
9iS The silver dollars that have been coli ed
u der the act OF jay IL, 1890, number 20 .Oo7 S5
The selgnorage arising from such coinage was
S6,9lI, Ogo.S9, leaving un hand in the mlnls l4O-
6y91 700 hne ounces. VIII ch cost $l26 75S 2IS
our total Coinage OF all metals during the
last fiscal year consisted of Sl97,2 Oo75 pieces,
va Led at SAB 6o5 1880, OF which there was s. :.
U3S l40 in gold coin $A3I3,7l5 in 81 yer do iauS
WY 2]OsO in subsidiary silver coin aud $685.
l3O.9 ~ In minor coins
During the calendar year 1892 the production
of precious metals in the United States was es.
tlmated to be l,J96.o7p fine ounces of gold of
the commercial aud Com 'ge value OF SJ,0JUUO,
and 5oOOU,OJO hhe ounces OF SILVER of the bullion
or market value OF so, $4,000, and of the coin
age value OF S7i 9S9 80.
Ii IS estimated tha- on the first day Of July,
1885, the meIall' STOCK of money in the Unl.ed
States consisting coin and bul ion, amount
ee to Sl2lS, ,55y. lt9. of which SG97, ,6e6 was
go q and Sol5S6l,ISi was silver. One hundred
add ninety ttiOnal banks were or "a iized
during the ar ar ending oct. 81, 1893, with
NNPAN0A Va ~lAf-OO-OOO. ICI -Sl4 went iuJO VOL
untary liquidation and l53 suspended. Sky
hve OF the suspended b, nks were insolvent
eighty-fve resum, d business, seven remain in
the hands of bank examiners with prospects
of speedy redemption.
OF the new banks organized forty four We're
located In the Eastern States, forty y-One West
OF the Mississippi river aud "a in the Cen ral
and Southern states. The total number OF
national ba ks in existence on the 3st day OF
OCTOBER, lsyA was 800, having an aggregate
capital OF s695 5io.l.0 o. The net increa,e in the
circulation of the banks during the year was
~, ,ee6,U72.