Mexico weekly ledger., 1893-12-07

| Il its expenditures to S459.S s4, GA 20.
There was collected from customs 80, :
355, 016. %. and from internal revenue SOL,
OH, 623. a3. 0ur dutiabie imports amounted
to S42l ,S56, III, an increase OF S3s, f55,so'
: over the preceding year, and Importation
free of duty amounted to stt4. Oh I'll, a de-
crease from the preceding year of Sl3, 49,
All. Internal revenue receipts exceeded
those Of the preceding year by st,li ti7. %.
We exported merchandise during The year
amounting to s541 Goo 1874, a decrease OF
SlS2,6i2,954 from tbs preceding year, Inc
amount of gold exported was larger imam
4 previous yea in the history OF tue
government, amounting to Sluo, bso, pa,
and exceeding the amount exported uar-
ing the preceding year by $40, i85,5lI. The
sun paid from the treasury Tor sugar
bounty was 50 ,3f5. $50 IS, an increase oYer
the preceding year Of s., 1888, ba3. 90.
1t Is estimated upon Tie basis or present
revenue laws that the receipts OF the gov
erninent for the year ending June 81, 1854,
will he si3H, i2l, 3G5 80, and Its eXpendi-
| lures, S45S, l3i. 300. IS, resulting III d de-
heiency Of S3a. COZ, 0DU. On the first day of
| November 1893, the amount OF money Of
all kinds III circulation OF not Included III
treasury holdings was 81, IT'S, 54i,6e3, an
Increase for the year of Sli3, 4U4,9iT Esti-
mating our population at q! ,44o,u Do at the
time mentioned the per capita circulation
was s35, 40. Oh the same date there was lii
the treasury gold bullion amounting 10
500, G57, 2T3, aud silver bullion, which vas
purchased at a cost OF sl2s, 2bi ,0a3
silver Purchases,
The purchases of silver under the
law of July IA. 1899, during the last fiscal
year, aggregated 54, uOs, ibs.5D line ounces
which cost $40, 5ii 81, 81.
The total amount of silver purchased
from the time that law became operative
until the repeal of its purchasing CLAUSE
on the first day II November 1898, was
ld3, GA, $40. Al fine ounces which cost Sl55.
9iD, H4D.S 81,
Between the first day of March 1873, and
the first day of November. 1893. the gov,
ernment purchased under all laws 5O3,
Oh3. az line ounces OF silver at "A cost OF
SILT, d93, aIS.
The silver dollars that have been coined
under the act of July, IA. 1880, number
Sd. uS1 PSI. The seigIIurage arising from
such coinage was So ,03s 80, leaving on
hand in the minis li0,699, $50 fine ounces
of silver which cost Sl26. 51S,2iS.
Our total coinage of all metals during
the last fiscal year consisted of -, 2S0, S15
pieces, valued at St3,6s rs. so, of which
there was $3D,u3S l4U in gold coin, S5,3i3,
rs in silver dollars, S7,2l7,22l9O in sub.
sidiary silver coin and Sl,Osj, l02 80 in
minor coins. During the calendar year
1892 the production of precious metals in
the UsiUed States was estimated to be
l ,J06, 315 fine ounces of gold of the com
mercial and coinage alu of s33, O0O, 900,
ana 3S,oW,Ho tine ounces OF silver or the
bullion or market value of S0D, 100, 900 and
of the coinage value of S14, gS9, 900.
1t Is estimated tnat on the lSt day OF
July, 1893, the metallic stock of money in
the United States, consisting of coin and
bullion, amounted TO sl,Zl5,oo9 l0l, Oh
which 500 ,t9',6o1 was Soid II Solo,S6l,-
4S4 was silver.
National Banks.
One hundrei and nineteen national
hanks wer. urpuniyel during the wear end
inc Oct. 81. 1888 with n cnuital of Sll 230
600 Forty-six went into voluntary liGuid-
Ytinn ami 15S susnenjed Siytv-iva ~ tha
sTsnen1ed hankS were insolvent 81 ra.
sumed business and ! remained in the
hands of bank examiners with nrosnects
of speely iesumptiOn.
The 10ta! number if national hanks in
existence on the 31st day of October, 1898,
was z Igi. having an ayrrepate canitaI of
500, SOS. l30, TLe net increase in the circu.
latfon of these banks during the wear was
S3G, sS6, 912. The recent repeal of the pro-
vision of the law requiring the purchase OF
silver bullion by the government as d
feature of our monetary scheme, has made
an entire change in the complexion of our
currency affairs. LIDO not doubt that the
ultimate result OF this action Will be most
salutary and far reaching. In the nature
of things, however. 1T IS impossible to
know at this time precisely what condl.
lions will be brought about by the change,
or what, if any, supplementary legislation
may, in the light of such conditions, ap-
pear to be essential or eXpedient. OF
course, after the recent financial perturba'
ton, time Is necessary for the re-establish.
menu OF business confidence. When, how.
ever, through this restored confidence, the
money which has been frightened into
boarding places is returned to trade and
enterprise, a survey of the situation will
probably disclose a safe path leading to
permanently sound currency, ab%undantly
sufficient to meet every requirement. of
our increasing population and business
In pursuit OF this object we should reso
lutely turn away from alluring and tenn
porary expedients, determined to be con
tent with nothing less than a lasting and
comprehensive financial plan. In these
circumstances l I'm convinced hat q
reasonable delay in dealing with this sub
1scC instead OF being injurious will IN
crease the probability of wise action.
Monetary Conference.
Tho moratarv conf.ro,oa which ossom.
bled at RrnsSeIs mon orr Invitation
was a adjourned to the 10th dav o.
the considerations inst stated and the fact
that a definite nronosition from ms seemed
tn he synerted nnnn the reassembIino n
tba confsraHca LA me- To evnraeS a Eli
;ngnass to have rho n1aatinT stin f,Irthal
nost noned If SEAMS 70 me fhat il wonIC
he wise to give general authority to tn
president to invita- other nations to s,1c
q conference at anv time when Their
should he a fair nrnsnect of accomnIishin
an international agreement on the subiec
of coinage, desire also to earnestly SUE
gesr the Wisdom of anending the eyistin
Stetntas in ra~ar3 to tho issIonca of oov
eminent honds
The antboritv nov vasta1 in tho sacra
tary of the Ireasnrv to issIe bonds is nc
a,tborizad ny. rao,s +o the 1oy
oo TX IN u 'HSiA NN'
The sunerintendant of ;r,migratio