The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1893-12-09

y
7ll7i and on fermcntcd liquors s25as, 07.
We exported merchandise during the year
amounting TO &si7 66S, i9i, decrease OF eis2 6i2,
95 from the preceding year.
The amount OF gold exported was larger than
aLy previous year in the history OF the govern.
ment amounting to siOs 6so,sii, and exceeding
the amount exported during the preceding year
| by tSS, 4655l7. The sum paid from tho treasury
for sugar bounty was $3.50, 100 SO, an increase
over the preceding year OF A., 033, ,053 %.
1t 10 estimated upon the basis OF present rev
nue. laws that the receipts OF the government for
the year ending June 3d. 1891 will be $40. i2i,-
SoSSS, and Its expenditures ei5s i2 $685. result
ing in deficit Of $2s, 100000
On the Hrst day OF November. 1893 The
amount Of money Of all kinds in circulation or
not included In treasury holdings, was sl,7ls,-
oiA,6S2 an increase for tho year Of &il2 40i, ,947
Estimating our population at e7,l2e. 900 at the
time mentioned, the per capita circulation was
80 ~ On the Same date there was in the treas
ury gold bullion amounting TO 900. 6.657,213, and
silver bullion which was purchased at 20 cost Of
ei26, ,2ei, $50
Tho purchases Of silver under tho law OF July
H. 1890. during ths last fiscal year, aggregated
o4OOS l02 6O fine ounces which cost &t5 531, ,374 53
Tho total amount OF silver purchased from the
time that law became operative until the repeal
OF Its purchasing clause, on the lst day Of No
vennber 1899, was ies, GA, ,59o.4e nne ounces,
which cost &l55 1880, ,94084 Between the ist day
OF March. 1873, and the ist day OF November,
1873 the government purchased under oil laws,
503 O0a7i7 fine ounces OF silver at cost OF S5l6,.
8s2,9ia Tho silver dollars that have been
coined under the act OF July IA, $780, number
S6,Os7,2s5. The seigniorage arising from such
coinage was 20 977 09s 80, leaving on hand In the
mints l4O 600 76O fine ounces of silver which cost
| 6i28, 75s,2is
Our total Of all metals, during the last fiscal
year. consisted of 07,2sos75 pieces, valued at
e43 IT'S 80, OF which thore was $40 03S i40 in
gold coin, s5s4a 7lb in silver dollars, 220 90
In subsidiary silver coin and sl,0s6, 1902 20 in
| minor coins.
During the calendar year 1892, the production
| OF precious metals in the United States was
estimated to be 1595,375 flne ounces OF gold, of
tho commercial and coinage value OF e33, 900 900,
and So 900 QUO fine ounces OF silver OF the bullion
| or market value of $50 100000 and OF the coin.
age value Of s7i9 200.
| 1t is estimated that on the first day OF July,
1893, the metallic stock OF money in the United
States ting Of coin and bullion amounted
to si,2ls,559, 100, of which $5s7, ,697,6s5 was gold
| and S6l5, ,s6l, ,48i was silver.
| One hundred and nineteen National banks
were organized during the year ending October
81, 1893, with capital OF sl ,e3O 900; forty-six
went into voluntary liquidation and one hun
dred and hfty-eight suspended. Sixty-fve OF
the suspended banks were insolvent, eighty.six
resumed business, and seven remain in the
hands OF bank examiners, with prospects OF
speedy resumption.
The recent repeal OF 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.
! In the nature OF things however, 1t Is impos.
| stble to know at this time, precisely what con.
ditions will be brought about by the change, or
what, II any, supplementary legislation may, in
the light OF such conditions, appear to be essen.
tial or expedient OF course, after the recent
financial purturbation, time is necessary for
the re-establishmcnt Of business confidence.
| When. however, through this restored con-
fidence the money which has been frightened
into boarding places is returned to trade and
| enterprise. survey OF the situation
will probably disclose o safe path leading
toa permanently sound currency abundantly
sufficent to meet every equivalent of our in
| creasing population and business In the pur-
suit OF this object we should resolutcly turn
| away from alluring and temporary expedients,
determined to be content with nothing less than
| o lasting and comprehensive financial plan.
In these circumstances am convinced that q
reasonable delay in dealing with this subject
instead of being injurious, will increase the
probability of wise action.
The monetary conference, which assembled
at Brussels upon our invitation adjourned to
the 30th day Of November, in the present year.
The considerations Just stated and the fast
that definite proposition from us seemed to
be expected upon the rcassembing Of the con
| Terence, led me to express willingness to have
the meeting still further postponed 1t seems
to me that II would be wise to give general
authority 10 the president to invite other ma.
tions to such conference ut any time when
| there should be n fair prospect Of accomplish.
ing an International agreement on the subject
| of coinage.
desire also to earnestly suggest the wisdom
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 Is not clear rs 1t
should be and the bonds authorized are disad-
| vantageous TO the government both rs to the
time OF their maturity and rate OF interest
The superintendent OF immigration through the
secretary OF tho treasury reports that during
the last fiscal year there arrived Mt onr ports
440,793 immigrants. or these 1908 were not
permitted to land under the Limitation OF tho
law and ST. were returned to the countries
from whence they came by reason OF their hav-
ing become public charges The total arrivals
were ,o3s less than for the previous year
In regard to the prevention Of contagious dis
eases entering from foreign ports the presiden,
says: more general and harmonious system
than now exists acting promptly and directl,
everywhere and constantly operating by pre-
ventve means to shield our country from tht
invasion OF disease, and ut the same time
having due regard to the rights and duties Of
local agencies, would, believe, add greatly 4
the safety OF our people
The secretary OF war reports that the strength
Of the army on the 3Oth day OF September last
was 5,77s enlisted men and 2,lA officers
The total expenditures OF the department TO
the year ending June 80, 1893. amounting to s51,
966,07i80 or this sum 1929, 58l 05 was for sal
aries and contingent expenses, s?',377 s2s. IS fo
the support OF the military establishment, $s,
OH, ,033 l8 for miscellaneous objects and $50 5l8,
63i.H for public works. This latter sum in
cludes &l5. 900 40 for river and harbor i'm
provements and a, ,266 H20 for fortification.
and other works OF defense.
The total enrolment Of the militia of the sew
eral states was on the 3lst OF October OF tn,
current year 597, officers and enlisted men
The officers Of the army detailed for the inspec
tion and instruction OF this reserve OF our mill
tsry force report that increased interest an,
marked progress are apparent In the discipline
and efficiency OF the organization.
Neither Indian outbreaks nor domestic vic
lence have called the militia into service durn
the year. and the only active military duty re
I quired OF II has been In the department O
Texas, where violations OF the neutrality law
OF the United States and Mexico were prompt
: and efficiently dealt with by the troops, elici'
Ing the warm approval OF the civil and militar
: authorities Of both countries
The operation OF wise laws and the influence
OF civilization constantly tending to relieve tn
country from the dangers OF Indian hostiitie
together with tho increasing ability OF IN
states, through the efficiency OF the nationu
, guard organizations, TO protect their citzcr
I from domestic violence lead to the suggestio
! that the time is fast approaching when thcr
~ Ill.,