The enterprise. [volume] (Wellington, Ohio) 188?-1899, 1894-12-05

nnder the act or July H. 1900 ceased on the nrst
1ay OF November 1898, and up TO that time
tnere had been purchased during the nscal year
u'sl1S9S1s iine ounces at cost OF s51lSr Sro2l.S2'
an average cost OF S07blS per fine ounce. The
total amount OF silver purchased from the time
mat law took enect until the repealof its pur'
enaslng clause, on the date last mentioned was
soSoI ,oSSoS nne ounces which cost sioo,SSl,-
49,, the average price per nne ounce oelns
p.VSii
Ihe total amount OF standard silver dollars
coined ~ the mlnts OF the United states since
tne passage oil the act OF February ", 1873 Is
sGi'"o,loS' OF which SS'S,lo were coined
under the provisions OF that act; SSs,oSl ,lqa
unuer tne provisions OF the act ot July l4' losV'
ana so'Ofo hZ under the act providing tor tne
eolnage OF traae dollar bullion.
Inc total coinage OF al metals AZ our minus minus
turing ene lasS nscai year consisted OF oo'4oo'@SV
pleoes, Valueu az slVo'zlo'fSuoo' OF whicn tneIe
were Sss'4'asiS .oo In gold eolnea' @oS IN stano'
aru siiNer uoAars' soO's'i4ooo III suos'ui0rJ
silver COIN ana Sno,Vl'2o IN minor coin'
Ourlns INC oulenuar year 1919 one prouuoVion
VI Preolous ineIaIs IN One Oniteu S.aoes Was
esVlnnatep ~ lFSS'SSo nne ounces OF golu, Oh tne
SoIilneIcIai ooa s ana coinage Value OF eoo,S'S''
wv, anu oo'VVV'VVo nne ounces OF silver, ol Che
oulllon or market value OF Slo,o)O,OOO ana OF Vne
coinage value OF ST7,576.O)O. 1t is estimated
that on the first day OF July, 1894 the stock Of
metallic money in the United States consist
Ing Of coin and bullion amounted to Sl,2bl ,64O,'
5oS, OF which S621 923,2Ol was gold and S624,S47'
1o7 was silver.
Fifty national ban ks were organized during
the year ending October 81, 1894, with capita
Of S52So,OOO and seventy nine, with capital o
bO47o,0OO, went into voluntary liquidation
rWenty-one banks, with capital OF f$S1 97O OOO
were plac cd In the hands OF receivers The to
tal mum Der OF national banks in existence OF
the Slst day OF October last was 1896, being 4
less than on the 3lst day of October, 1893. The
capital stock aid In was S672,67l, ,365, being S9
61S,49l less than at the same time in the previ
GUS year, and the surplus fund and undivided
profits, less expenses and taxes paid, amounted
to S34l2 O33 10, which was S1O,0SO7SO less thar
on october 81 1893. The circulation was de-
creased 81, 74l 1888. The obligations OF the banks
to each 9th er were increased Sll7,26S334 ant
the individual deposits were S27729i,4S9 less
than ut the corresponding date in the previous
year. Loans and discounts were S6l, 1922
more than at the same time The previous year
and checks and other cash items were S9O3ig,
p6S more. The total resources OF the banks o.
the date mentioned amounted to $S47S,s22,Ooo
as against 50, 1O9, ,563,2S .36 in 1893.
THE WAR DEPARTMENT.
l ioli t,l .no tepolv vi vne SooleValy Vi "Sl
appears CnaG ne sUrehgCh oi INC army On oop
Uonioer o'' io'i, was S'lo, oihoers anu S'''o' GU
IsCeu men Altno ugn thls Is apparently yel!
sLlsnU decrease compared WIN Ine previow
yonr 'ne ao.uAi eHecviVe lorce mas oeon ~
oieasou W inc equlvaleno ol neariy wv losr
uion.s t Ollousu Oae leoreahlH1Vioh VI Oiio sSs
Vo.ii Vi reo,ulslus nhu tile cVlsequen1 relesso !"
.oeilonVai uuOS Vi 'ho i",so loiOo VI me- @
uLUuerVo SerVlnS aD Sne recruiting uepots' Iu'
sooilviou ol VleSe uepo's IL ls preulcCeu WI
iurVherllore emecC au anuull reouctiOh On approx
lIiaCihs S!o'o'o III tne irect expenditure oe,
7iues pronoCius eonerai ~ Uhe healUn' nior"h
anu ulsclpilue Vi Va, Croo ps' Ihe eAecusloh ,
ehe poilcy Vi concenvrAClh Vhe army ao ilnpor
.'hU ceneres Oh popllaDloa ana Vlahspor1a'lou 10,
ioresnaaoWeo III the lase annual report Vi Vu'
secretary II Is eSulteu III 1he aoanuolluiehU S'
ulteen OF tne smaiier posts, Wnich was eiecte'
unoer p'ln Whlcn assemblies organlzatlols o
Gne same regiment nitnerto widely separated
rms renders our SINAI FORCES more reaully ei
tecCVe LOT any serV ice "hlcn Vney may W
cal'el upon 10 peElorm' increases tne eN.eht
tno t"ritory un1er protecti on without ulllir
isH Vhe security hereOoiore uhorueu W ai!
toceiUy' improves Che o'Sclpu me- "" ihlns any
esprit de corps Of the army, besides consider
ably decreasing the cost OF It's maintenance.
While the maximum legal ST trength OF th'
army Is 2oVoo men, the euectlVe strehgtn
through various causes, Is put little over 2OVN
mon.
the purpose OF congress do es not therefore
seem to be fully attain ed by the existing condl
tion. While no consld erable increase in the
army Is In my Judgment demanded by recent
events, the policy OF sea-coast fortihcation II
the prosecution OF which we have been steadily
engaged for some years has so far developed a'
TO suggest thst the effective strength OF the
army be now made at leas equal TO the lega
strength
1t Is hardly necessary to recall the fact tina
IN oDedlence totne comm ands OF the constltu'
lion and the laws ana Tor the purpose OF pro
tecting the property OF the United States, aid
Ing the process OF FEDERAL courts and removing
lawless oostruc lions TO the performance oy tht
government OF It's legitimate functions, IL De-
came necessary In various localities during th'
year to employ considerable portion Of reg
ular troops. The duty was discnarged prompt
ly, courageouSly and with marked discretion
by the onlcers ana men, ana the most gratlfyini
proof was thus afforded that the army deserves
that complete confidence In Its efficiency and
discipline which the country has at all time.
manifested
THE pEfAhrhhNr VI 'osriCE'
Inc report vi Vhe aCtorney eenerai ho1es Vn'
gratHylng progress niaue Dy lne supreme cour
IN overcoming the arrears oi iVs business ant
IN reaclih9 cohuition IN "nlcn IL WIN oe aDi'
10 ulspose OF cases as tneS arise "lthout any
unreasonable delay rms result IS OF course
very argel que 10 tne successlui working o.
the pan lnausurating clrcuiO courts OF Appeals
In respect 10 these tribunals tne suggestion II
MADE IN quarters entitiea 10 tne nlghest con
siueratioh' tna1 an auululonal circuit Juuge lol
each circuit Wouio greaIly strengthen thes'
courts ana tne commence repoSeu IN tnelr ao
lualcatlonS' ana that such an ADDITION would
not create greater iorce OF luuses tnan tne
increasing business OF sucn courts requires
commend the suggestion 10 the caretul consld'
eratlon Oh tne congress other important
topics are auVerCeo 70 In tne report accompa'
nleu Dy yreconhenuations many OF whlcn nave
Oeen treateu aV iarge IN previous messages ana
~ .nls 'e ne ahoii,Io H0eS ,So OIs t oe naea