The Forrest City times., 1893-12-08

| amounted to sisI $50. Tli an increase of s52 453. | qT over the proceeding year. and impOrtations | free of duty amounting toS4I4.5i4.2ILa decrease | from the preceding year of sl34i5 s47: internal revenue receipt exceeded those. of the preeed- | ing year by S,l47. 7.4i5.32. INTERNAL REVENUE. The total tax collected on distilled spirits was s9i120, ,260.55. on manufactured iobacco. sSl. .ss9. .5llE and on fermented liquors. sS2 543, 9s30' We exported merchandise during the year year amounting m o to S47 es5;la decrease of sls2 6l2, ,eo4 from the preceding year. coJp EXPORTS
 The amount of gold exported was larger than any previous year fin the history of the govern ment, amountin. to S10s. .nS0 s44. and exceeding the amount exported during the preceding year by ks&s5.5ls.
 THE SUGAR BOUNTY.
 The sum paid from the treasury for sugar bounty was sS 375, l3oss, an increase over the pre- ,eding year of q, ,033, ,U53.O9. ai
 AN ESTIMATED DEFICIENCY. It is estimated upon the basis of present revenue laws that the receipts of the govern ment for the year ending June %, 1891, will be s4S0. l2l 365. .3s and it's expenditures S45s, ,i2l- 365 3s resulting in a deficiency of S2S, ,0O0 900.
 THE CIRCULATING MEDIUM.
 On the lst day of November, 1893, the amount of money of all kinds in circulation. or not in cluded in treasury holdings. was Sl.1lS, S,544 6S2, an increase for the year of S1i2.4D49i7. Es- timating our population at es i26,9oc at the S25.49. On. the same date there was in the treasury gold bullion amounting to s96. 657.s7S. anu SlINer DulllOu WHICH was puTCHtScu at d cost of Sl26. 261 .553.
 .g THE PURCHASES OF SILVER.
 The purchases of silver under the law of July I4. iS9l. during the last fiscal year aggregated 54 0Us 62 59 fine ounces which cost s45,53l 37453 The total amount of silver purchased from the time that the law became operative until the repeal of the purchasing clause on the first day which cost sl55. .93J .9f0.si Between the first day of March, 1873, and the first day Of Novem- Der. 1893 the government purchased. under all stI n n n of s5i6 622, e4s. The silver dollars that have been coined under the act of July A. ls9J num- such coinage was S6.97s, ,099 39, leaving on hand in the hints l40 699 760 hne ounces of silver, which cos. SEC, 75S2ls.
 THE COINAGE
 Our total coinage of all metals during the last fiscal year consisted of 9o7. .2SC S75 pieces, valued at S43 6S5 IFS 80, of which there was $30- 03s. l4o in gold com, &, 3437I5 in silver dollars G2l7, 220 % in subsidiary silver coin, and Sl OS6, lu3 90 in minor coins.
 PRODUCTION OF PRECIOUS METALS
 During the calendar year 1892 the production estimated to be ,596,37a fine ounces of gold of the commercial and coinage value of S30 0OJ O0O, and 5o,0O,0Oo fine ounces of silver of the bull lion or market value of s5O, ,75O, 900, and of the coinage value of s74 9s9, 900
 THE STOCK OF METALLIC MONEY.
 It is estimated that on the first day of July. 1893, the metallic stock of money in the United States, consisting or com and bullion. amount ed to $1.2ls, ,559 l69. of which S597. .697 6s5 was gold and S6i5. .s6l ASA was silver.
 NATIONAL BANKS
 One hundred and nineteen national hanks were organized during the year ending October 3I, 1893. with capital of Sl ], ,23O. .0O0 46 went into voluntary liquidation and l58 suspended. Sixty-five of the suspended banks were insol- vent. eighty-six resumed business. and seven remain in the hands of bank examiners, with prospects of speedy resumption.
 Of the new banks organized forty-four were located in the easter states, forty-one west of the Mississippi river and thirty-four in the central and southern states. The total number of national banks in existence on the 3lst day of October. 1895, was :. .796 having an aggregate capital of 1895, ,55S l2J. The net increase in the circulation of these banks during the year was S36 ss6 972.
 SILVER PURCHASE REPEAL.
 The recent repeal or the provision of law re- quiring the purchase of silver bullion by the government as feature of our monetary scheme has made an entire change in the com plexion of our currency affairs. do not doubt that the ultimate result of this action will be most salutary and far reaching.
 ISSUING BONDS.
 The authority now vested in the secretary of the treasury to issue bonds is not clear as it should be- and the bonds authorized are disad- vantageous to the government, both as to the time of their maturity and rate of interest
 IMMIGRATION
 The superintendent of immigration through the secretary of the treasury reports that dur ing the last fiscal year there arrived at our ports 40, 793 immigrants Of these 1.O63 were not permitted to land and under the limlta- tions of the law. 577 were returned to the countries from which they came,'by reason of their having become public charges. The to- vious year
 The War Department.
 The secretary of war reports that the strength of the army on the 30th day of Sep tember last was 5,77o enlisted men and 2. IA officers the total expenditures of the depart ment for the year ending June B. 1893 amount ing to S5l 9G6 074.S9. Of this sum $9y2 5sI 96 for salaries and contingent expenses. &23. ST. s2S B for the support of the military establish ments. SCOTT 083 IS for miscellaneous objects and sSs 2Shf 4 w0Tx qxs The latter improvements and $3,266 20 for fortifca- tions and other works of defense.
 PROPOSED CHANGES
 The adoption of battalion formations for in- fantry regiments, the strengthening of the artillery force. the abandonment of smaller and unnecessary posts, and the massing of the troops at important and accessible stations all promise to promote the usefulness of the army. In the judgment of army officers. with but few exceptions. the operation of the law forbidding the re-enlistment of men after ten and while the arguments that led to it's adop- tion were not without merit the experience of the year constrains me to join in the recon mendation for it's repeal.
 THE MILITIA.
 The total enrolment Of the militia of the several states was on the 3ist of October of the current year ll2.597 officers and enlisted men. The officers Of the army detailed for the inspection and instruction of this reserve of our military force. report that increased inter est and marked progress are apparent in the discipline and efficiency Of the organization.
 AQUIET YEAR
 Neither Indian outbreaks nor domestic vio lence have called the army into service during the year and the only active military Guty re- ouired of it has been in the department of Texas where violations of the neutrality laws of the United and Mexico were promptly and efficiently dealt with by the troops. eliciting the warm approval of the civil and military authorities of both countries.
 SEA COAST DEFENSE.
 It is gratifying to note that we have begun to {a