The advocate., 1894-12-05
THE OLD, OLD STORY ON TARIFF
AND FOREIGN AFFAIRS,
With Some Variations on Bonds and Our
rsnCy-Hs Wants New Bank
ing System.

both houses.
The message begins with q review OF foreign
relations referring II the Belgian Snd Ger
man governments restrictions against Ameri.
can food products, and to the action OF Brazil
I'm giving notice to terminate the commercial
arrangements with this country. The prest
dent thinks II proper to heed any tntimation
that our friendly aid toward the termination
OF hostllities between China and Japan would
be acceptable to both those nations. He Vap-
orizes extensively on the Behring sea aTbt-
tratlon, the Hawaiian incident. relations with
Mexico, the murder OF an American In Mica
rauSua. the domestic disturbance In Peru,
death OF the cZar OF Russia, the samoan trou-
bles. the Turki4h outrage against Armenians,
and the unjust fines impO-ed by Spain on the
vessels and commerce OF the United States
A lrighuul array OF figures are given from
the secretary OF the treasury's report and
more from the report OF the secretary OF war,
but both reports are given for what they are
From the treasury report he shows that
fifty ltiOnal banks were organized during
the year ended October 81, 1894, with capital
Of IS 2X5.OOO and seVenty-ntne with capital OF
SlOA75OO0 went into voluntary liquidation.
TWenty-one banks, with capital OF E277OO00,
were placed In the hands OF receivers. The to-
tai number OF national banks In existence on
the 8lst OF October last was 3,756, being forty
less than on the SIst day OF October. l893 The
capital stock paid In was s67267l ,Sb5, being
S9678491 less than aG the same time In the pre-
vous year, and the surplus and undivided
TO S3i4,I2l OS2 10, which was $6,OS978O less than
on October 81, 1893 The circulation has de-
creased $l74l,5 3. The obligations OF the banks
to each other were Increased $ll1.269Ss4 ana
the individual deposits were ,i89, less
than at the corresponding date In the pre-
viOus years. Loans and discounts were $751;
2O6928 more than at the same time the pre-
ylous year, and checks and other cash Items
were S9O,84996 more. The total resources OF
the banks at the dates mentioned amounted TO
SSA73922O55, as against 49, 100 $685. pa S6 In 1893
rne Department OI Ju,GIcs.
The report Of the Encouragement notes the
gratifying progress made by the supreme court
in overcoming the arrears Of its business and
In reaching u condition in which 1t will be able
to dispose OF cases as they arise without any
unreasonable delay. This result Is OF course
very largely due to the successful working OF
the plan inaugurating circuit courts OF appeals.
In respect to these tribunals the suggestion Is
made in quarters entitled to the highest con-
sideration that an additional circuit judge for
each circuit would greatly strengthen
these courts and the confidence
repoSed In their adjudication, 1nl
that such an addition would not create
greater force OF ju lgeS than tho increasing
business of such courts requires. The pernla-
nent solution OF what is called the Indian prob
lem is probably not to be expected at once, but
meanwhile such ameliorations OF present con-
ditlons as the existing system will admit ought
not to be neglected am satisfied there should
be federal court established for the territory
with sufficient judges and that this court should
sit within the territory and have the same jur-
isdiction as to territorial AFFAIRS as Is now
vested in the federal courts sitting in Arkansas
and Texas.
Another subject OF pressing moment referred
to by the attorney general IL the reorganlza-
tlon OF the Union Pacific Railroad Co. on
hao ffnh lnt0Fs
ests and as favorable TO the hegoVernment as eX-
isting conditions will permit The operation
Of railroad by court through receiver lS
an anomalous state OF things which should be
terminated on all grounds public and private,
et the earliest possible moment.
II Is not my purpose at this time to repeat
the considerations which make an lnpregnable
case In favor OF the ownership and manage
ment by the government Of the penal institu-
tions In which federal prisoners are confined.
I simply desire to again urge former recon-"
mendstlons on the subject and to particularly
call the attention OF the congress to that part
Of the report OF the secretary OF war, In which
he states that the military prison at Fort
Leavenworth Kan, can be turned over to the
government as o prison for federal oonVictS
without the least dihlculty and with an actual
saving OF money from every point Of view.
Post once Affairs.
The report OF the postmaster-general pre-"
sents comprehensive statement OF the opera
tions OF the post ONCE department for the last
fiscal year. The receipts OF the department
during the year amounted to $4,000, ,479.O4 and
the expenditures OF SS4,SA,4lLl. The trans
actions Of the postal service indicate with
barometrlc certainty the auctultions In busi-
nesses Of the country. Inasmuch, therefore, as
business complications continued 70 exist
the last year TO an unforeseen extent 1t Is
not surprising that the deficiency OF revenues
TO meet the expenditures Of the post once
department, which was estimated In advance
aE about s8,OO0,OO), should be exceeded BY
nearly 81, 10000. The ascertained revenues Of