The times. (Owosso, Mich.) 1882-1897, 1894-12-07
Imports and Exports.

roceipeS from customs were G73 So S6 III less
than in 1893
The total tax collected from distilled spirits
s WIS soo,ao <ooS 20; on manufactured tobacco
1904
Our export OF merchandise, domestic ind
Eto1aociBn amounted during the year TO SS9sl4O.-
OF being en- increase over the preceding year
of S44,40637s
Movement of Gold aud Silver.
Tho total amount OF gold exported during
the fiscal year was 65GS)SOGl, Us against &103,-
eeO44l during the fiscal year 1893 The amount
imported was ti24i0, 49, as against S2l17i,3Sl
/ during tho previous year The imports OF sill
4jl,2c
Sugar Bounty.
Tho total bounty paid Upon the production OF
! sugar IN tho United states for the fiscal year
was Sl2,l0J2O8 %, being an increase of s. 725,-
! O'oOl over the payments made during the pre-
ccQing year. The amount OF bounty paid from,
July |. 1884 to August 2s, 1894, tho time when
/ further payments ceased by operation OF law,
was S966,ISj.S4. The total expense incurred In
the payment Of tho bounty upon sugar during
the fiscal year was $3.50 1905
.An Estimated Deficit.
It is estimated that upon the basis OF our
present revenue laws the receipts OF tho gov
ernmont during tho current iscal year ending
penditnres S4fl4s1,74S'44, resulting in deficit
OF S2O,0O0O0Q
The Circulation.
On the first day OF November. 1894 the total
S2240 T73SSs as against 81 20f 651 600 on the LIST
OF November. 1893, and the money OF all kinds
in circulation or not in luded in the treasury
holdings was S1672, 003, 422, or S2427 per capita
upon an estimated population of 68s87,0O
Purchase OF Silver Bullion.
At the same date there was held in the treas
ury gold bullion amounting TO S4f,6l5, 17755 and
silver bullion which was purchased at a cost Of
S127759,9e8 The purchase of silver bullion I'M
der the act OF July H. $780, ceased on the first
day OF November, 1898 and up to that time
there 1npn nnrChnCQ1 hp
year 1917 65S.75 fine ounces, at cost Of SS715
5ll.92, an average cost of S0.73l3 per fine ounce
The total amount Of silver purchased from the
time that law took effect until the repeal OF its
purchasing clause, on the date last mentioned
was 1853 614 2.53 fine ounces, which cost $685.
93l ,0O'2o the average price per fine ounce be-
ing S00244
Coinage.
The total amount of standard silver dollars
coined at the mintS OF the United States since
the passage OF the act OF February 28, 1873 Is
S4'l ,17O,4OS, Of which 1913 l66,703 were coined
under the provisions of that act. S38 531 143
under the provisions OF tho act of July H. 1890,
and SO 079 Az under the act providing for the
coinage of trade-dollar bullion
The total coinage of all metals Of our minis
2sO pieces, valued at siOO2lC73O o. Of which
there were 500 IA, 0i25J in gold coined; sos in
standard silver dollars: .$0.024140.S0 in SUBJ
sidiary silver coin, and S7169l0.2G in minor coin
During tho calendar yesr 1913 the production
Of precious metals in the United States was
estimated at 1888 fine ounces of gold of the
and G00O0090 fine ounces Of silver OF the bullion
or market value OF S4GS90,00) and OF the coin
age value of S77, $40 600
IL is estimated that on the first day OF July.
1884, the stock OF metallic money in tho United
Slates CONSISTING OF coin and bullion an1ount-
ed to 25lG4l9ls; of which S5?79!3,201 was
gold and SO243l77e7 was silver.
National Banss.
Fifty national banks were organized during
the year ending October 81, 1894, with q capitIt
OF S5,25O o, and soventy-nino with capital OF
n fhafin i'm
Twenty-one banks. with u capital of S2,770 600,
woro placed in tho hands OF receivers. Tho
total number OF national banks IN existence on
the Slst day OF October last, was 1856, being 10
less than on tho 3lst day Of October, 1903. Tho
capt. Il stock paid in was 67s,G13C0, being
S961S,49l less than at tho samo timo in
fund and undivided profits, less expenses and
taxes paid, amounted to S3}il2l TO- which
was Sl6,0S078) less than on October 81 1893
The circulation was decreased Sl,7Al BOB. The
obligations OF tho banks to each other were in
creased Sll7,2GS 1874, and the individual deposits
we're S277 20f.4e0 less than ut the corresponding
date in the previous year Loans ana dis
counts were SlGl ,206,923 moro than at the Same
timo the previous year, and checks and other
sources Of the banks ut the date mentioned
amounted TO e3473.92?055. as against SO, 563,-
ss4.3j in 1898.
Tho Army.
From the report OF the secretary of war it
appears that the strength of the army on Sep
tember 80, 1894, was 2,l35 officers and 25765 on
slight decrease compared with the previous
year, the actual effective force has been
two regiments through the rcorganiza-
tion of the system OF recruiting and the
consequent release to regimental duty
OF the large force of men hitherto serving at
the cruting depotS. The abolition OF these
depotS, it is predicted. will furthermore effect
an annual reduction approximatng S250,OO0 in
the direct expenditures, besides promoting
generally the health, morals and discipline of
the troops.
Policy of Concentration.
The execution OF the policy of concentrating
and transportation, foreshadowed In the last
annual report OF tho secretary, has resulted I'm
posts, which was effected under plan which
assemblies organizations OF the same regiments
hitherto widely separated. This renders our
service which they may be called upon to per-
form, increases the extent OF the territory
under protection without diminishing the Sc
curity heretofore afforded to any locality,
improves the discipline, training and esprit
de corps of the army, besides considerably
TSousS the forces s0s Of the departnent OF the
east have been somewhat increased, moro
than three fourths Of the. army is still sta"
toned west OF the Mississippi. This carefully
matured policy which secures tho best and
greatest service in the interests OF the general
welfare from the small force comprising our
barrassed by tho creation of new and unneces-
sary posts through acts OF congress to crafty
the ambitions or interests or localities.
Should Have It's Full Legal Strength.
While the maximum legal strength OF the
army Is $4,000 men, the effective strength.
through various causes. is but little over 5000
mon. The purpose OF congress does not. there
fore, seem to be fully attained by the existing
condition. While no considerable increase I'm
the army is in my Judgment demanded by re-
cent events, the policy Of seq coast fortifcation
In the prosecution of which We have been
steadily engaged for some years has so far
developed Ms to suggest that the effective
strength of the army DO now made at least
equal to the legal strength. Measures taken
by the department. during che year as indi-
Gated have already considerably augmented
the effective force and the secretary of war
presents plan which recommend to tho con-
alteration OF congress to attain the desired
end. Economies effected In the department In
other lines of work will Offset to O great extent
the expenditure involved In tho proposition
submitted.
Battalion Formation.
Among other things this oontemplates the
adoption Of tbs three battalion formation Of
regiments, which for several years has boon
Endorsed by the secretaries OF war and che
generals commanding the army. Compact In
Itself, it provides Q skeleton organization.
ready to be filled out in the event OF war,
which is peculiarly adapted TO our strength
and requirements; and tho fact that every
other nation, with n single exception, has
adopted this formation to meet the conditions
OF modern warfare should alone secure for
the recomm endation an early confederation.
Army and the Strikes.
II IL hardlv necessarv In recall the fact that