Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1894-12-06

S6f,1sS bl5 less than ourirg the prec. 6
ins wear. The receipts from customs
we're s72 sac 1851 less. snd from inter
nal revenue 1888 539.s7 less than u
1893
j The total tax collected from dis.
titled spirits was SS5.259, 250.25; or
manufactured .obacco $2S.617. 1862, and
fermented liquors, s31.414, 7ss.04. Oui
exports of merchandise. domestic and
/ foreign, amounted during the year to
$685., 140.572. being an increase over the
preceding year of s44. 4s5,37s.
"The total amount of gold exported
during the fiscal year was SIG. SOS ,06l
as against sos $50. 444 during the fiscal
year 1898. The amount imported was
! $40, 449, 119, as against $21 ia 3S1 during
! the previous year. The imports of sill
/ yer were $13,2s6.5 52, and the exports
were $50 45l. PCS.
THE total bounty paid Upon the pro-
| duction of sugar in the United States
| for the fiscal year was $12, 100, SO. be-
| ing an increase over the payments
made during the preceding year. The
amount of bounty paid from July ],
] 1894, TO August 2S, 1894. the time when
/ further payments ceased by operation
of law. was 1896, 1854. The total ex-
/ penses incurred In the payment Of the
bounty upon sugar during the fiscal
year was s1SO140s s..
BANKS AND BANKING.
During the calendar year 1898 the
/ production Of precious metals in the
United States was estimated at l,73qf-
323 fine ounces Of gold. Of he CONNER
cial and coinage value Of s35. 955 900
and e0.010.0o0 fine ounces of silver OF
the bullion or market value Of s4e.-
5000 and OF the coinage value Of S71-
1850 1t Is estimated that on the first
day OF July. 1894, the stock Of mesllic
money in the United States, consisting
of coin and bullion. amounted to ST.
PSI $40 PISS, Of which 1927 ,923201 was
gold and 1924 347.I57 was silver
FIFTY national hanks were organic
ed during the year ending October 81.
1894. with a capital of s5.2S5.000. ard
seventy-nine With a capital Of $40 49,
600. went into voluntary liquidation.
Twenty-one banks, with a capital Of
2.,750,000, We're placed in the hands Of
receivers.
THE total number of national banks
IN existence on the 31st day Of October
last was 1855. being 40 less than on the
3ist cay of October 1898. The capital
stock paid in was s672.671, s65, being
$967S,49l less than at the same time
in the previous year. and the surplus
fund and undivided profits, less ex-
ssS3i III .0s2. 10. which was $l60S97s0 less
than on October 81, 1898.
''The clrcultion was decreased si,741,-
$50. The obligations OF the banks TO
each other were increased si17 26s. 33i,
and the individual deposits were $2T7,-
2s4. 4S9 less than at the corresponding
date in the previous year. Loans and
discounts were $751;, 1928 more than
at the same time the previous year,
and checks and other cash items were
500. 34e.96S more. The total resources
of the banks at the date mentioned
amounted TO s3.47s. s22 ,055. as against
SO, 1909 500. 24s.36 I'm 1898
CHANGES IN THE ARMY.
From the report of the secretary Of
war 1t appears that the strength OF
the army ON September 80 1894, was
2.1s5 officers and 25.7ss enlisted men
The abolition OF all depots. IL IL
predicted. win furthermore effect an
annual reduction approxlmating $3.50
900 in the direct expenditures. besides
promoting generally the health. NOR
diNs anu laStAAtlAit W Atat AtNNlE# q fA'
execution Of the policy Of concentrate
ing the army at Important centres Of
population ard transportation has re-
suited in the abandonment of fifteen OF
the smaller posts. which was effeetef
under plan which assemblies organi-
cations of the same regiment hitherto
widely separated. This renders our
small forces more readily effective for
.1ae. l.lr do
creasing the cost OF its maintenance.
Among other things is the adoption
of three-battalion formation OF regi-
ments, which for several years has
been indorsed by the secretaries of war
and the generals commanding the
army Compact in it's self. it provides a
skeleton organization. ready to be fill
ed out in the event of war. which IL
peculiarly adapted To Cur strength and
requirements and the Tact that every |
other nation. with single exception,
has adopted t1lis formation 10 meet the
conditions OF modern warfare. should |
alone secure for the recommendation |
an early consideration.
THE POSTAL SERVICE.
The work Of The attorney generals |
office is the next matter discussed by |
the Tie duNbAdANS litN dbNiA-
ton Of the fee system IN paying feter-
al court officers. and believes that a
permanent federal court should be es-
tabHshed in the Indian territory to
deal with all Indian questions.
Referring to the post-efiice depart
ment. he says:
''The transactions of the postal SER
vice Indicate with 'barometric certainty
the fluctuations in the business OF the
country. 1rasmuch, therefore, as bust
ness complications continued to exist
the last year to an unfor-
seen extent it is not surprising that
he deficiency Of revenues TO meet the
of the post-office depart
nent. which wSs estimated in advance
II about eight million dollars
six hundred and ten cities and
owns are provided with free delivery.
ether cities and towns
Untitled 10 this service ander the law
AVE not been accorded II on account Of
insufficient funds. The expense Of free
for the current fiscal year will
,e more than sl2. 800. 900.
During the year $50 additional Do