The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-12-04

from all sources OF revenue durlnS Inc
| fiscal year ending June 50, 1894,
amounting to ss72, ssS, 1913 % and its ex-
| penditures to SAP, sos, 75S ST. having a
| deficit of SIS. sos. 260. SO. There was a
decrease of sl5,sl2,67 in the ordi-
| nary expenses of the government as
fcompared with the fiscal year, 1928
There was collected from customs $751;
1 SIS, 530.s2 and from internal revenue
| $I47.l68 1870. The balance of the in
come for the year amounting 10 $685.
| SIS, 1874, was derived from the sales
of lands and other sources.
| The value of our total dutiable i'm
ports amounted TO s275, 1893, 0S6, being
S146. 657. 625 less than during the preced-
ling year, and the iinportations, free OF
duty, amounted to S379. 1885, being
! ss4, SIS less than during the proceed
! ing year. The receipts from customs
was S73, SIS, 4S611 less. and from inter
nal revenue S13, 1885, 39.9I less than 1893
The total tax collected from distilled
spirits was S85, 259, $50 %: on manu-
featured tobacco, SS.617, 1882, and on
fermented liquors s31,414,7S6.04. Our
reports of merchandise, domestic and
foreign, amounted, during the year. to
1892, l40. 572, being an increase over the
preceding year of S44, 495,37S.
Gold and silver Exports and Imports
The toal amount of gold exported
during the fiscal year was $76,878,06l,
as againsi sos ,6S0,444 during, the fiscal
year 1893. The amount imported was
$72. 1918 as against s2l .174,Ss1 during
the previous year The imports of sill
yer were s13.2S6.552 and the exports
were $50. 451, 265.
Bounties on Sugqr.
The total. bounty paid upon the pro-
duction of sugar in the United States
/ for the fiscal year was ST., 1oo, POS. So
being an increase of s., 725 ,07S.01 over
the payments made during the preced-
ing year.
! The amount of bounty paid from
July l. 1894. to August 2s, 1894, the
time when further payments ceased by
operation of the law, was Se66lS5.S4
The total expenses incurred in the pay
ment of the bounty upon sugar during
the fiscal year was $3.50, 14o.s5.
Estimated Revenue for 1898.
1t is estimated that upon the basis
of our present revenue laws the re-
Eceipts Of the government during this
current fiscal year ending June so, 1896
Will be s424, 427, 1854. and it's expendi-
felt of $4,000, 900.
! On the first day of November, 1894
| the total stock of money OF all kinds ir
! the country was s2,240, 773, 1888 as against
/ 81, 204, e51 900 on the first of November
1893. And the money of all kinds in
circulation, or not included in the
| treasury holdings, was s1.572. o93, 402 oil
| 34.27 per capita upon an estimated pop
ulation of 6S. SS7, 900. At the same time
there was held in the treasury gold
| bullion amounting TO s44, 515, .55 and
silver bullion which was purchased al
a cost of s127,77s,9SS.
Purchase of Silver Bullion.
The purchase of silver bullion under
] the act of July IA, 1890, ceased on the
first day of November. 1893, and III
Ito that time there had been purchased
during the fiscal year S11,e17, 55S,7S fine
ounces, at a cost of $S,715, 521.32, ar
average cost of 0.7313 per fine ounce
The total amount of silver purchased
from the time that the law took effect
until the repeal OF it's purchase clause
on the date last mentioned, was H.
S67, 1852 fine ounces, which cost $780,.
| 931, 002.25, the average price per fine
ounce being 09244.
The total amount of standard silver
dollars coined at the minis of the
United States since the passage of the
act of February rs, 1889, is $421, 776. 4oS
of. which 1878, 166, 793 were coined under
the provisions of that act, SIS. 531 ; Ia;
under the provisions of the act of July
IA, $780, and $507S,4 72 under the act
providing for the coinage of trade dol
lar bullion. The coinage Of all metals
of our minis during the last fiscal veal
consisted of So, 4S5, 22o pieces. valued a
S1O6, PIG, 1905, of which there were $685..
474. 1880 in gold coined, s75S in stan
| dard silver dollars, S6,074, 80 in sub
sidiary silver coin and $716,919.20 in
minor coin.
! Production of Precious Metals.
During the calendar year 1893 the
production of precious metals in the
United States was estimated at 1.73s,-
S25 fine ounces CT gold of the CONNER.
cial and coinage value of SS5, 955, 900 an6
$4,000 600 fine ounces of silver of the
bullion or market value of $46,3000 900
and of IRE coinage value of s77,576.0 900
1t is e/lmated that on the first day OF
July. 1894, the stock of metallic money
in the United States, consisting OF
coins and bullion. amounted to s1,251,-
64O,s5S, of which s627, 923, POI was gold
and s624,547.757 was silver.
National Banks.
Fifty national banks were organized
during the year ending October 81, 1894
with a capital of S5.235.000. and sexenty-
nine with a capital of $40 415, 900 wen
into voluntary liquidation. Twenty-ont
banks with a capital of $2,770,000 were
placed in the hands of receivers. TIT
total number of national banks in ex
istence on the 51st of October, last, wa:
1856, being forty less than on the 31s
day of October, 1893. The capital stool
paid in was s672, ST. 1865, being S9,69S, 40
less than in the same time in the pre-
ViouS year and the surplus fund anC
undivided profits less expenses anC
taxes paid amounting to 1884, 121 .0S2 10
which was $685. S0 less than on Octo
Der 81, 1893. The circulation was de
creased s1.741 500: the obligations of the
banks to each other were Increased
Sill, 26S, 1874. and the Individual deposit:
were s277, 294.4S9 less than at the CORE
spending date in the previous year, anC
checks and other cash items were 800,
349, 1863 more. The total resources of tn,
banks at the date mentioned amounted
! to $3,47S, 1922, 055 as against $3,109,5 $685.
2S4.36 in 1893.
The Army.
| From the report of the secretary o.
war ii appears that the strength of the
officers and 25,765 enlisted men. AL
though this is apparently very Sigh
decrease compared with the previous
year, the actual. effective force ha:
been increased to the equivalent o.
nearly two regiments through the re
organization Of the system of recruiting
and the consequent release to regimen
tai duty Of the large force of men hith
erto serving at recruiting depots. Tht
abolition of these depots, it is predicted
will furthermore effect an annual reduc
| tioD aDnroyirpa t;urr eoH6 ono IN the dirac
expenditures, besides promoting gener
ally, the health, morals and discipline
of the troops.
The execution of the policy of concen
/ trating the army a important center.
of population and transportation fore
Swallowed in the last annual report o.
the secretary has resulted in the aband