The Helena independent., 1893-12-05
ANNUAL STATE PAPER.
which eSo7, ,s97. .6s5 was gold and S6lhs6l.-
AGA ailvar

lSl was silver.
One hundrsd and nineteen national banks
were organized during the year ending Oes.
81 1888 with capitaI Of I'll, 2300 600. Forty.
eix went into voluntary liquidation and lbS
Suspended; sixty-nvs OF the suspended
banks we're insoivsnt, eightv-six resumed
bugissss and ssven remain in the hands OF
bank examinsrs with prospects at speedy
resumption. Of the new brnkc organized
forty-four were located In tho eastern
states, forty.ons west OF tho Mississippi
river, and thirty-four in the central and
southern states. The total number OF ma
tional banks in existence Oct. 81 ISM was
A796. having an aggregate capita! OF 1850.
.h5S. l2O The net increase In the oifouiatlon
Of these banks during the year WAS S3t,-
SS6, 972
The rscsnt repeal OF the provision of law
requiring the purchase OF silver bullion BY
the government IS feature OF our moue-
tary scheme. has made change IN sns COM
doubt that the ultimate result OF this sct
will bs most salutary and far-Easehing. In
the nature OF things however. u II Inn
possible to know at this time pi isotssly whas
conditions will be brought about by the
change, or what. II any, supplementary
ditions, appear to bo essential or expedienl
O. course, after ths recent financial per-
Surhation, time 10 necessary for the re-es-
sablishmsat OF business conhdsnce. When.
however, through this restored confidence,
1he money which has been frightened into
hiding places 10 returned to trade and en-
serprise, q survey of the situation will
probably disclose safe path leading TO
permanently sound currency. aoundansiy
sufficient 10 meet every requirement of our
increasing population and business.
In pursuit Of this object We should reso-
iuteiy turn away from allurins and tenn
porary sxpedieuts. determined to BE- con-
tent with nothing less than lasting and
CON uprehensive financial plan. In shsss
circumstances am convinced that reason
able delay in dealing with this subject.
instead of being injurious. will increase tho
probability OF wise action.
lhe monetary conferences which assembled
at Brussels upon our invitation was nd
iourned to Nov. 80. in the present year.
The consideration just stated, and the fact
that definite proposition from the United
States seemed TO be expected on the re-
assembling Of congress. led me to expreas
willingness to have the meeting still further
postponed, Il seems to me that II would
be wise to give general authority to the
president to invite Other nations to suoh
conference at any time when there should
bs fair prospect Of accomplishing an in
ternational agreement on the subject OF
coinage.
desire also to earnestly suggest the wis
dom of amending the existing statutes in
regard to the issuance OF government bonds.
The authority now vested in the secretary
of the treasury to issue bonds 10 not rs clcar
as It should be. and the bonds authorized
are disadvantageous to the government.
both as to the time Of their maturity aud
vxts Of interest.
The superintendent OF immigration.
through the sestetary of the treasury. re-
ports that during the Last fiscal year there
arrived at our ports 440, 1893 immigrants. OF
these 1903 were not permitted to land.
under the limitations of tho law, and 557 |
were returned to the countries whence they |
SAME by reason of their having become pub
Nc charges. The total arrivals were 140. O34
less than for the previous year.