Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1894-12-06

or the acu+or Jay "a, ToSo, -asu S5,Jr5.sTs
under the ;lct providing for tue coinage Of
trade dollar bullion.
The total coinage OF all metals at our
mints during the last fiscal year consisted
OF 0S. .4S5, ~ pieces. valued at SlO0, ,2l0,-
730.O6. Of which there were s99, ,474 Yl2.50 in
gold coined, sos in standard silver dol
aaTs, So, 024, 30 in subsidiary silver coin,
and STl6. .9l9.@0 in minor coin.
During The calendar year 1898 the pro-
duction of precious metals in the United
States was estimated at 1,I39, ,S23 fine
ounces OF gold, of the commercial and coin
age value OF $50, ,955, 600, and 60,U00,0O0 fine
ounces OF silver of the bullion or market
value of $I6.S00.O00 and of the coinage
value of 81 ,576UU0. IL is estimated that
on the first uty oil July, 1894, the stock of
metallic money in the United States, CON
sistlng of coin and bullion, amounted to
S., ,s5i, ,640,95S Of whicu S6s7 ,92S POI was
gold and S634, ,3l7, ,757 was silver.
Fifty national banks were organized
during the year ending Oct 81, 1894, with
capital of 1925, 900, and 70 with {.
capital of $l0, All, ,000 went into voluntary
liquidation. Twenty-oue banks, with u
capital of S5,750,000 were placed In the
hands OF receivers. The total number Of
national banks in existence on the Slst day
OF October last WAS 3,756, being 40 less
than on the 3lst day OF October, 1898. The
capital stock paid in WIS $672, ,6Tl 1865, being
50 67S, ,49l less thar at the same time in the
previous year, and the surplus fund and
undivided profits, less expense aud taxes
paid, amounted 10 1884, II, ,0Ss. 10, which
was $l6,0S9,1S0 less than on October 81,
1893.
Tue circulation was decreased 81, ,731, ,56S.
The obligations of the banks to each other
were increased $117,268, 1874, and the indi-
vidual deposits were $21S, ,294, ,4S9 less than
at the corresponding daJe in the previous
year. Loans and discounts were $l6i, ,206,-
923 more than at the. same time the pre-
vious year, and checks and other cash
items were 500, ,349, ,933 more The total re-
sources of the banks at the date men
toned amounted to $3,413, ,922, ,055, as
against s., l09, ,533, ,2S4. 36 in 1893.
Secretary of Wars Report.
| From the report OF the secretary Of war
it appears that the strength of the army on
Sept 30, 1894, was 2,lS5 officers and 25, 765
enlisted men. Although this is apparently
very slight decrease compared with the
previous ear, the actual effective force has
been increased TO the equivalent of nearly
two regiments through the reorganization
of the system of recruiting, and the oonse-
quent release to regimental duty of the
large force of men hitherto serving at the
recruiting departments, The abolition of
Lutoc ~ 10 pEtblCl0ut VIVA
furthermore effect an annual reduction
approximating $250,090 in the direct ex-
penditures, besides promoting generally
the health, morat and discipline of the
| troops. n
The execution of the policy of concen-
! trating the army at important centers of
| population and transportation, foreshad-
owed in the last annual report of the sec
rotary, has resulted in the abandonment
|
| fected under a plan which assemblies Or
ganizations OF the same regiments hitherto
| widely separated. This renders our small
| forces more readily effective for any serv-
ice which they may be called upon TO per-
| form, increases the extent of the territory
under protection without diminishing the
security heretofore afforded To any To-
eality, improves the discipline, training
and esprit de corps Of the army, besides
considerably decreasing the COST OF It's
| maintenance. @E
1 Though the forces of the department OF
! the east have been somewhat increased,
more than three-fourths of the army is
still stationed west OF the Mississippi.
This careful matured policy. which Sc
i cures the best and greatest service in the
interests of the general welfare from the
4 small force comprising our regular army,
/ should not be thoughtlessly embarrassed
by the creation of new and unneccsssarv
posts through acts of congress to gratify
the ambitions or interests of localities.
| u While the maximum legal strength Of
4 the army is $4,000 men the effective
strength, through various causes, is but
flittle over 2Q,000 men. gThe purpose OF
congress does not therefore, seem to be
fully attained by the existing condition.
While no considerable increase in the
army is, in my Judgment, demanded by
| recent events, the policy of sea coast fortt
hcations, in the prosecution of which we
have been steadily engaged for some years
has so far developed as to suggest that the
effective strength Of the army be now
made at least equal to the legal strength.
1t is hardly necessary to recall the fact
that in obedience to the commands OF the
constitution and the laws, and for the pur
pose Of protecting the property of the
United States aiding the process OF fedora
courts and removing lawless obstruction:
TO the performances by the government o
its legitimat functions, it became neces
sary i'll various localities during the yeal
to employ a considerable portion OF thu
regular troops The duty was discharged
promptly, couraGeouslY and with marked
discretion by the officers and men, and thu
most gratifying proof was thus afforded
that the army deserves that complete con
fidence in its efficiency and discipline
which the country has at all times mani
tested.
The reports of militia inspections b,
regular army officers snow marked in
crease in interest and efficiency among TIN
state organizations, and strongly recon-
mend continuance of the policy o
81 atfording every practical encouragement
possible to this important auxiliary o
our military establishments.
The skill and industry of our ordnanc
officers and inventors have, it is believed
overcome the mechanical obstacles which
, have heretofore deiayed the armamenC o
our coasts and this great national under
, taking upon which we have entered ma.
now proceed us rapidly as congress shal
determine. With u supply OF finished gun
of large caliber on hauu, 10 which addi
tions should now rapidly follow, the wis
dom OF providing carriages and emplace
I ments for their mount can not be to-
!. strongly urged.