The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-04


The total amount OF gold exported
during the fiscal year was $40. $751; 6l. as
against NoS.6S0,fH during the fiscal year
1873 The amount imported was S72, 4i9. 1l9.
as against S2l,l1s,Ssl during the previous
year
The imports Of silver were SIS. 2S6. 552,
and the exports were $50. 1885.
The total bounty paid upon the produc-
ton of sugar in the United States for
the fiscal year was Sl2lO0. 20S.S9. being an
Increase OF S2,f25, 07S.0i over the payments
made during the preceding year. The
amount OF bounty paid from July /. 1884,
to Aug, q. 1894, the time when further pay
ments ceased by the operation of the law.
was $966.lS5.S4. The total expenses in
CURED in the payment OF the bounty up
on sugar during the fiscal year was $780,
140.S5.
1t is estimated that upon this basis Of
the present revenue law, the receipts OF
the government during the current fiscal
year ending June 80. 1895. will be Seller
1854 and its expenditures $4if. 427. 1854.
resulting in a deficit of S20,0O0O0O.
on the first day of November, 1894. the
total stock Of money OF all kinds In the
country was $3.50 773. SIS. as against So
20i65l,000 on the first day of November.
1898, and the money of all kinds in circula-
ton, or not included In the treasury hold
ings, was Sl,672 093, 422, or S2i27 per capita
upon an estimated population Of 6S, SS7. 900.
At the same date there was held in the
treasury gold bullion amounting to &4.-
els, 1T.55. and silver bullion which was
purchased at a cost of Sl277 79.9sS. The
purchase Of silver bullion under the act Of
July Il, 1890, ceased on the first day Of
November, 1893 and up to that time there
had been purchased during the fiscal year
n,9l765S.7S fine ounces at a cost Of SS7l5.-
52l.S2, an average cost of $.7Sl5 per fine
ounce. The total amount of silver pur-
chased from the time that the law took
effect until the repeal Of its purchasing
clause on the date last mentioned was
1851 2.53 fine ounces, which cost $780,
93l,O02.25, the average price per fine ounce
being 0.9244.
The total amount of standard silver dol
lars coined at the minis Of the United
States since the passage of the act Of Feb.
Is, 1873, is 1921, nc 40S of which S37S. 1856, 7JJ
were coined under the provisions OF that
act, $38,53l,l 4S under the provisions of the
act of July Il, 1890, and S5,07S.472 under the
act providing for the coinage of trade
dollar bullion.
The total coinage of all metals at our
minis during the last fiscal year consist
ed of SO, 4S5, 220 pieces, valued at s106, 21G.-
1906 of which there were 500 474. Sl2 so in
S6,O24l4O.SO in subsidiary silver coin, and
Hl6,9l926 in minor coin.
During the calendar year 1893, the pro-
duction Of precious metals in the United
States was estimated at 1,f39323 fine
ounces of gold of the commercial and
coinage value of S35.955,OOO and 6O.0O0,OO0
fine ounces of silver at the bullion or mar
ket value Of 1880, 600. and Of the coinage
value of $77.7l60OO.
1t is estimated that on the first day Of
July, 1894, the stock Of metallic money In
the United States, consisting Of coin and
bullion, amounted to Sl.2J0, $40, 958. of which
S627 POI was gold and S62l,34I757 was
silver.
Fifty national banks were organized
during the year ending Oct. 81, 1894, with
a capital of S5,2S5, 600. and seventy nine
with capital of s107, $4,000 went into vol
untary liquidation. Twenty-one banks,
with a capital of 81, 40, 600. were placed in
the hands Of receivers. The total number
Of national banks in existence on the 3lst
day of October last, was 1856, being forty
less than on the 31st day Of October. 1898.
The capital stock paid in was S672, e7l 1866,
being $9,67s, 49l less than at the same time
in the previous year, and the surplus fund
and undivided profits, less expenses and
taxes paid, amounted to 1894 12l ,0S2 10.
which was $40, 0S9, $50 less than on Oct. 81,
1893.
The circulation was decreased $1.741. 1858.
The obligations of the banks to each other
were increased SIT, 26s 1874. and the individ-
ual deposits were s277, 294, 4s9 less than on
the corresponding date the previous year.
Loans and discounts were 1851, 206, 1923 more
than at the same time the previous year,
and checks and other cash items were
$50, $40 1853 more. The total resources of
the banks at the date mentioned amounted
to So 473. 922, 055 as against $3,109 500, 2S4.36
in 1888.
From the report Of the Secretary Of
VUas- 1af he afr nf ff,a
army on Sept. 30. 1894, was 2 1856 officers and
q. 565 enlisted men. Although this is APP
parently a very slight decrease compared
with the previous year, the actual effect
i've force has been increased to the equiv
alent of nearly two regiments through the
reorganization of the system of recruit
ing and the consequent release to regi-
mental duty Of the large force of men
hitherto serving at the recruiting de-
pots. The abolition Of these depots, il is
predicted, will Furthermore effect an an
nual reduction approximating s250000 in
the direct expenditures, besides promoting
generally the health. morals and discip-
line of the troops. The execution Of the
policy of concentrating the army in i'm
portant centers of population and trans
portation, forshadowed in the last annual
report of the secretary, has resulted in the
abandonment of fifteen of the smaller
posts, which was effected under a plan
which assemblies organizations of the
same regiments hitherto widely separated
This renders our small forces more read
lily effective for any service which they
may be called upon to perform, increases
the extent of the territory under pro-
lection without diminishing the security
heretofore afforded to any locality i'm
proves the discipline. training and esperit
de corps of the army, besides considerably
decreasing the cost of It's maintenance.
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
carefully matured policy, which secures
the best and greatest service in the inter-
ests of the general welfare from the fun
force comprising our regular army, should
not be thoughtlessly embarrassed by the
creation Of new and unnecessary posts
through acts Of congress TO crafty the
ambitions or interests of localities. While
the maxim legal strength Of the army is
5000 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
conditions. While no considerable in
crease in the army is in my Judgment de-
manded by recent events the policy of
sea-coast fertilization, in the prosecution
of which we have been steadily engaged
Tor hos co davaIartad a g N