The morning call., 1894-12-04

yeai II. 1917. 65S.7S fine ounces al cost OF
S8,715, 621 23, an average cost OF $0.7313 fine
per ounce. the total amount Of silver pur-
chased from the time hat law TOOK enect until
me repeal Of the purchase clause on tn GATE
ounces. which cost S155. 93l ,O02 %. the aver
age price per fine ounce being SO.9244. Inc
total amount of standard silver dollars coined
at the mi9ts OF The United State ee s1H oeo me
2l.776, 4o8 Of which 1878, l66,793 were
c0intd under the provisions OF that act, $685.
93i143 uader the nr0yIsGn s Oh ene th ae' OF
providing for the coinage OF trade dollar Dul-
lion.
The coinage Of all metals of our minis during
the last fiscal year consisted OF 63,4S5,Z2O
pieces, valued at S106,216.730 o. OF which
there. were S99.474. 912 so in gold coined,
$758 In standard silver dollars, S6,o2o;l4o 80
in subsidiary silver coin and STl6,9l9 70 IN
minor coin.
During the calendar year 1893 the produc-
lion OF precious metals IN the ohlled ota!es
was estimated at l, 739.323 hne ounces OF gold
OF the commercial and coinage Viiue OF S5o,r
$4,000 and 60,000,000 fine ounces ~ silver OF
the bullion or market value OF S4h. SUI oOO,
and OF the coinage value oil STf soIo,oo0. lt
Is estimated that on the 1st day OF July. 1894,
the stock OF metallic money i'll the United
States, consisting OF coin ana bullion,
amounted to Sl,251, $40, 95S, of which S627,-
923. POI was gold and 1924. 347,757 was silver.
Fifty national banks were organized during
the year ending October 81, 1894, with CAP
ial of S5,2S5, 600, and seVenty'nine with
capital OF S10.475,OOO went into voluntary
liquidation. Twenty. one banks with capital
of S2.770,00o were placed III The hands OF re-
ceiyerS. The total number OF national banks
in existence on the 31st day OF October last
was 1856, being forty less than on the 3Ist day
OF October, 1898 The capit3l STOCK paid IN
was $672. 1911, 365, being S9.696,491 less than
at The same time in the previous year, and he
surplus fund aud undivided prOnts. less ex-
penSes and taxes paid. amounted 10 $324,-
1902 10, which was S16,989,700 less Than
The :circuiarion was decreased s1.741, 563.
The obligations of the banks TO each other
were increased $l17,163: 334 ana .nd the indl-
vidual deposits were $277, 294,439 less than
for the corresponding date Ill me previous
year. and checks aud other cash items were
S99349,963 more. The ;otal resources OF the
banks of the cate mentioned amounted 10
So, 421 ,022, 055, against IS, los, 5O32 94 70 IN
1898.
Need Larger Army.
From The report of The Secretary OF War 1t
appears that the strength of The army on Sep
TENDER 80, 1894. was 1886 officers and 25,765
enlisted men. Although this is apparently
very slight decrease compared with the previ-
Gus year, the actual eli Give force mas been In
creased to the equivalent OF nearly two reg-
ments through the reorganization Of the syst m
of recruiting and the consequent release to
regimental duty of the large force of men
hitherto serving al the recruiting depOtS. The
abolition of these depots, it is predicted, will
furthermore effect an annual reduction ap-
proximaling S250000 in the direct expend-
lures besides ptomoiing generally the health,
morals and discipline of the troops.
The execution of the policy or concentrating
the army at important centerS OF population
and transportation, ioreshadowed IN the last
annual report Of the Secretary. has resulted in
the abandonment OF fifteen or the smaller
posts, which was effected under plan which
assemblies organization OF the same regiments
hitherto wildly separated. This renders our
small forces more readily effective for any SER
vice which they may be called upon to per.
form, increases the extent OF the territory IN.
der protection without diminishing The security
heretofore afforded 10 any locality, and m-
proves the discipline. training aud e5prit de
corps of the army, besides considerably de-
creaSing the cost OF its maintenance. Though
the forces of the department OF the East have
been somewhat Increased, more than three
quarters of the army Is still stationed west of
the Mississippi. 1hS carefully matured policy
which secures the best and greatest service in
the interest OF the general welfare from The
small force comprising our regular army should
not be GhoughtleSsly embarrassed by creation
Of new and unnecessary posts through acts Of
Congress 20 crafty tile ambitions or interests
of localities.
While The maximum legal strength of the army
is $4,000 men, the effective strength through
various causes, is but little over 10000 men.
The purpose OF Congress does not therefore
seem to be fully attained by the existing con
army is i'll my judgment demanded by recent
events, the policy Of seacoast ratification, IN
the pros eutlcn OF which We have been steadily
engaged TO: 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. Measures taken by the department.
during The year as indicated have already
considerably augmented he effective force,
auG the Secretary of War presents plan which
l recommend 10 the consideration of Congress
To attain the desired end. Economics effected
in the department in other lines OF work VIII
Offset TO great extent the expenditure III
volYed in the proposition submitted. Among
other things this c0utemplates the adop-
ton of the three battalion formation of
regiments, which for several years has been
indorsed by the Secretaries or War and the
Oan Ia m n
Itself, 1t provides skeleton organization,
ready TO be filled out IN the event OF war, which
Is peculiarly adap ed TO our strength and re-
Qulrements; and he TACT that every ether
nation, with a single exception, has adopted
this formation 10 meet he conditions of mod
ern warfare. should alone secure for The recon-
mendatIon an early consideration.
Ii ts hardly necessary TO recall the fact that,
In obedience TO the commands OF the consttu-
ton and the laws, and for the purpose of pro-
tectng the property of the United States, aid
ing he process of Federal courts and removing
lawless distractions 10 the performance by The
Government of its legitimate functions. 1t be-
came necessary in various localities during the
year 10 employ a considerable portion OF the
Federal troops. The duty was discharged
promptly, cOurageOusy and with marked dis
erection by he officers and men. and the most
gratifying proof was thus afforded that the
army deserves that complete confidence In its
efficiency and discipline which the country has
at all times manifested.
The year has BEEN free from disturbances Of
Indians, and the chances OF further depreda-
lions on their part ale constantly becoming
more remote and improbable.
The total expenditures for the War DEPART
meDt for The year ending June 80, 1894,
amounted 10 S56.039, 009 81; of this sum
S2.0C0.6l4 80 was for salaries and contingent
expenses. S23,665. 156 16 for the support OF
the military establishments, S5,001, 692 %
for miscellaneous objects aud $50, 371.155 %
for public wor-s. This latter sum includes
SO 494, 037 40 for river and bar Dor improve
ments and SO, 947, 1868 Sc for Notifications aud
other works of defense. The appropriations
for the current year aggregate $50 ,429112 70,
and the estimates submitted by tie Secretary
of War for the next fiscal year call for appro-
priaiions amounting to S52, 31S,6 500 So.
The skill and industry OF our ordnance officers
and inventors have. IL is believed, overcome
the mechanical obstacles which have hereto
fore delayed The armament OF our coasts, and
his great national undertaking upon which we
have entered may now proceed as rapidly as
Congress shall de'ermine With supply of
finished guns of large caliber already on hand,
TO which additions should now rapidly follow,
the wisdom of providing carriages and em-
placement for their mounting cannot De too
strongly urged.
The total enrolment OF the militia OF the sew
al States is III, 533 officers and enlisted men,
an Increase of 5343 over the number reported
at the close Of the previous We +. The reports
OF militia inspections by the regular army Off
GERS show marked increase in interest and
efficiency in the State organizations. and l
strongly recommend continuance or the policy
n AtfOrdDO n 90 al