The Progress. (Shreveport, La.) 1892-1900, 1894-12-08
THE PROGRESS.

merous questions in this relation have arisen.
While this government acqniesces in the
asserted right OF expulsion 1t will not consent
that Armenians may be imprisoned or other
wise punished for no other reason than having
acquired without imperial consent American
citizenship. Three OF the assailants OF Miss
Melton, an American teacher. in MOsul. have |
been convicted by the Ottoman courts and am .
advised that an appeal against the remaining
five has been taken by The Turkish prosecution
officers
A convention has been concluded with Vene-
zuela for the arbitration OF long disputed
claim growing out Of the seizure OF certain !
vessels, the property of citizens Of the United |
States
The rules for the prevention OF collisions at
sea, which were framed by thu maritime con- i
ference held in this city in 1889 having been
concurrently incorporated in the statutes OF
the United States and Great Britain, have been
announced to take effect March +, 1899. and III
vitatiOnS have been extended to all maritime
nations to adhere to them. Favorable re-
| sponses have thus lar been received from
| Austria, France Portugal. Spain and Sweden.
In my last annual message referred briefly
to the unsatisfactory state of AFFAIRS Ill Samoa
| under the act of the Berlin treaty as slgnally
illustrating the impOlicy OF entanglng alliances
! with foreign powers. and on May D. 1891, IN re-
| Spouse to Il resolution OF the senate | sent
| SPECIAL message and documents to that body on
the same subject which emphasized my prevl
|
the correspondence in regard 10 which VIII be
laid before congress. further demonstrates
that the government which was de,
vised by the three powers ana lorcel
| upon tie SamOanS against their nEet'
rate hostility can be maintained only py the
continued presence OF foreign military force
and Mt no small sacrifice OF lie and treasure
| The suppression OF the Mataafa instruction BY
| the powers and the subsequent punishment or
the leader and eleven other chiefs, as rected in
nv asst message, did not bring lasting peace to
the islands. The president followed here with
o lengthy description of the troubles.
Finances
The secretary Of the treasury reports that
the receipts of the government from az
sources of revenue during the fiscal year cutl,
ing June 49, 1894 amounted to S3'2,S0-49o y
and it's expenditures to $442, 6Oj 15o 81, leaving
a deficit of $50, SOB 26) So There was a decrease
of SIS, GA IS in the ordinary expenses OF
the government as compared with the flscal
year 1S93. There was collected from customs
Sl3lSlS5 80 81 and from internal revenue
Sl47, 1854 40 20. The balance OF the income l"r
the year amounting to $9S,Sl5 81 ~ was de-
rived from the sales OF lands ana other
sources
The value of our total dutiaDle imports
amounted to 1919 1893 0Si, Icing go less
than during the preceding year. Ihe recelpts
from customs were S13 a36, 49, IL less ana rom
internal revenue Sl3 S36 $50 81 less than in 1873
The total tax collected from distilled spirits
r was SS5 H59, 25O %; on manufactured TOBACCO,
) $2S6l7 S9S62, and on fermented liquors col
:, Ala 1854. Our exports OF merchandise, 40
nestle and foreign, amounted during the year
to $780, OBJ, being an increase over Inc pre-
t cedng year Of Al, 4S .379.
!. TIE total amount of gold exported during the
fiscal year was So S06l. as against $Uo oeo 444
D during the fiscal year 1893 The amount i'm
. ported was ST. 49, 49, as against 81, lH3sl dur
8 ing the previous year. The imports OF SILVER We
. were sl32:652 and the exports were S5O,4ol, 20
I The total bounty paid upon the production OF
sugar in the United States for the hsca year wa
g sl2lOO PCS SO. being an increase OF 2,725O1o U
+ over. the payments made during the precea
q ing year The amount OF bounty pait
l. from. July l. 1894 to August o Is lSS Sl
y the time when further payments eeas .eI o9
e penses incurred in the payment OF the bount!
upon sugar during the first year was $3.50, 14OS5
l. 1t is estimated that upon the basis OF TN
q present revenue laws the receipts OF the gov
b eminent during the current fiscal year endln'
(. June 3d. 1856 will be s424 427 74S "A and It's ex
d penditures s4A, 427 1854, resulting in defci
y The first day of November 1894, the total stoc
mcnsy Of all f sssnst t s sGsnS va
n the first day OF November 1888 an
It the money of all kinds in circuls
g. ton or not, included in the treasur
e. holdings was ST. 672,03f2! or VIZ. per ca capts
v. upon an estimated population OF $685. ,0Ol A
TT the same date there was held IN the treasur
Id gold bullion amounting to sH6l5IU7::55 and 81
70 yer bullion which was purchased at cost
IN Sl27, 779, 93S.
a. OF July a. 1890, ceased on the first day OF NJ
ye yember 1893 and up to that time there mad bee
70 purchased during the fiscal year ll,6l!' ooo.
10 tine ounces at q cost OF IS, 7l5,52l 80 Al ave
st age cost OF 50. 1913 per fine ounce The tott
d: amount of silver purchased from the tin
lis that the law took effect until the repeal OF i
an purchasing clause on the date last mentlone
Mt was lis 81, 1872 50 fine ounces which cost $lo
at ssloo2 q, the average price per tine oun'
,e. The total amount OF standard silver dolla
of coined at the minis Of the United states SIM
a. the passage of the at of February 49, 1878,
he $42 7764jS of which S2is 1856 78 were CONS soi
A | under the provisions of that act; $3S. DBL l
r. under the provisions of the act of Ju ly a, "
en- and S. O7S, Az under the act providing for II
in coinage Of trade dollar bullion. The tot
ne coinage of all metals at our minis during I,
1ass s ysued yea" at f 81 IS Of Viii
Ie. s75s in standard silver dollars 5000, lao 80
en- subsidiary silver coin and $7l6,ols 26 IN min
an J During the calendar year 1893 the producti
of of precious metals In the United States "
on estimated at .739 3.3 fine ounces OF gold OF u
in commercial and coinage value Q, $50 so2Ut
On, and $1,000 900 fine ounces OF silver OF the BULL
of or market value of S46 800 600 and OF the COMA
lis. It is estimated that on the first day Of Jul
re- 1891, the stock of metallic money IN the UNI
lal States consisting of coin and builllc
nd amounted to 81 PSI e40, 95S, OF which $627,923
nd was gold and 1924 ,3347 ,75S was silver.
Fifty national banks were organized durl
,od the year ending October 81, 1894, with capl
or of S. 2S5 600 and seventy-nine with capital
'ur SlO,475OO0 went into voluntary hquld s1a
~ Twenty one banks with q capital OF 2,77O!
ns were D aced in the hands OF receivers. !
ID total humber of national banks in existence
I'D the 3lst day OF October, last was $685. being
roi less than on the 3lst day Of October 1893.
-, CAPITAL stock paid in was $b72,67l ,365 pei
S9b7S 491 less than at the same time In the p
Ia yious year and the surplus and undlVio
~ profits, less expenses and taxes paid amount
IN to $344 1911 OSLO, was Sl6OSe, $50 less than
Tho october 81 1893 y,
LILO The circulation was decreased u, l4l 563. L
,ba obligations OF the banks to each other We
tor Increased $l17, 1853 1874, and the indlvldual
,ro posts were 1927 294, 4S9 less than at the cor
~. sponding date in the previous year. LOa
~. and discounts were 1851 ,206, 923 more than
,ro the same time the previous year, and chee
wv wv and other cash items were S90, o49,9 o3 INC
w. | The total resources OF the banks at the q
DoS | mentioned amounted to S3,473,9'20oo,
Tod against So, l09, 553, 2e436 IN 1898.
cen The Army and Navy. ..
,i1s From the report of the secretary of wa
on appears that the strength Oh me o1ss az
ton on September 80. 1891. was 2ls5
the GERS ana So.,oo oIasveu ,,or, sii,h+
-, ,a1 will