The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1894-12-12

quarantine regulations. With refer
ence to the tariff President Cleveland
expresses mild interest in free coal
and iron, and declares in favor of
striking out the sugar differential du-
ty which enriches the trust, and en-
barrasses our foreign commerce. He
is strongly in favor of free ships.
RECEIPTS AND DISBURSEMENTS.
The Secretary of the Treasury re-
ports that the receipts of the govern
ment from all sources of revenue dur
ING the fiscal year ending June 30,
1894, amounted to 1872, S02, 49S. q, and
it's expenditures to $442, 605, ,75S. 81,
leaving a deficit of 1853, SOB, ,26O. 5S
There was decrease of $15, ,952. GA. 66
in the ordinary enpenses of the gov
ernment as compared with the fiscal
year 1898. There was collected from
customs S131, SIS, $50. 62 and from IN
ternal revenue S147, 16S, 1870. The
balance of the income for the year,
amounting to $G3, SIS, 51797, was de-
rived from the sales of lands and other
sources.
The value of our dutiable imports
amounted to $275, 300, OS6, being S146.-
657, ,625 less than during the preceding
year, and the importations free OF du-
ty amounted to 1919, 795, 536, being
S64. 74S. .675 less than during the pre-
ceeding year. The receipts from Gus
toms were $73, 536, 4GS. II less, and from
internal revenue S13, S36, 539.97 less
than in 1898. The total tax collected
from distilled spirits was SS5, ,259, $50
25, manufactured tobacco S2S, 617, $685.
62, and on fermented liquors s31, 414,-
7SS. .O4. Our exports of merchandise,
domestic and foreign amounted dur
ing the year to 1892, 40, 572, being an
increase over the preceding year of
S44, 1865 37S.
The total amount of gold exported
during the fiscal year was SIG, 1913, O61,
as against $1OS, $50, 444 during the fs-
cal year 1893 The amount imported
was 72, 449, 119, as against $21. ia, 3S1
during the previous year. The inn
ports of silver were S13, 2S6, $50, and
the exports were $50, ,451 1865.
The total bounty paid upon the pro-
duction of sugar in the United States
for the fiscal year was $12, 100, 2OS.S SO,
being an increase of 50, 725, ,079. OIL over
the payments made during the pre-
ceding year. The amount of bounty
paid from July 1, 1894, to August 2S,
1894, the time when further payments
ceased by operation of law, was $685.
1854. The total expense incurred in
the payment of the bounty upon sugar
during the fiscal year was $130, 140. SIS.
1t is estimated that upon the basis of
the present revenue laws, the receipts
of the government during the current
fiscal year ending June 80, 1895, will
be $424, 427, 1854, and its teXpendl-
lures $444, 427, 748.44, resulting in a
deficit of $2O,000,00O.
SOMETHING ABOUT SILVER.
On the first day of November, 1894,
the total stock of money of all kinds
in the country was $2,240, T3, ,SSS as
against $2,204, 651, 900 on the first day
of November, 1893, and the money of
all kinds in circulation, or not inclu-
ded in the Treasury holdings, was ST.
672, ,093, ,422 or s4.27 per capita upon
an estimated population of IS, SS7, 900.
At the same date there was held in the
Treasury gold amounting to s44, 615,-
III. IS, and silver bullion which was
purchased at cost $127, ,779, 9SS. The
purchase of silver bullion under the
act of July ID, 1890, ceased on the.
first day of November, 1898, and up
to that time there had been purchased
during the fiscal year II, ,917, ,65s: 78
fine ounces at cost Of $S,715, 521 81,
an average cost of $0.7313 per fine
ounce. The total amount of silver
purchased from the time that law took
effect until the repeal of its purchas-
ing clause on the date last mentioned,
was S16S, GA, 6S2. So fine ounces, which
cost $155, ,931, ,OO2.25, the average price
per fine ounce being 0.944, The total
amount of standard silver dollars
coined at the mints of the United
States since the passage of the act of
February %, 1873 is $421, 776, 40S, of
which 1878, 166, ,793 were coined under
the provisions of that act, $3S, 531, 143,
under the provisions of the act of July
IA, 1890, and IS, O7s, Az under the act
providing for the coinage of trade bull
lion. The total coinage of all metals
at our mints during the last fiscal
year, consisted of 63, ,220 pieces,
valued at $106, 6,216, ,730.06, of which
there were 500, 474, 912.50 in gold coin
ed, S75S in standard silver dollors,
Sc, ,024, 140.30 in subsidiary silver coin
and S716, 6,919.26- in minor coin.
During the calendar year, 1898, the
production of precious metals in the
United States was estimated at /, 1885,,
1923 fine ounces of gold of the COM
mercial and coinage value of $35, $685.
600, and 60,000,000 fine ounces of
silver of the bullion or market value
of SAG, 800, 900, and of the coinage val
ue of ST., $4,000. 1t is estimated that
on the G,-,i day of July, 1894, the
stock of metallic money in the United
States consisting of coin and bullion,
amounted to 81, $50, $40, ,95S, of which
S627, 923, POI was gold, and 1921, ,347,-
757 was silver.
Fifty national banks were organized
during the year ending October 81,
1894, with a capital of S., ,2S5, 900, and
seventy-nine with capital of $40, ,475,-
600, went into voluntary liquidation.
Twenty-one banks, with a capital of
S2,770, 900, were placed in the hands
of receivers. The total number of ma
tional banks in existence on the 31st
day of October last was 1856, being
forty less than on the 31st day of Oc-
tober, 1898. The capital stock paid in
was s672, GIL 1865, being 50, 67S, ,491 less
than at the same time in the previous