The Democrat. (Scotland Neck, Halifax Co., N.C.) 1884-1896, 1894-12-13
THE PRESIDENTS
MESSAGE.
IMPORTANT EXCERPTS FROM
THE LONG DOCUMENT.
Wishes to Help Congress.

on those points which we think would
interest our readers most. After de-
voting considerable space to our rela-
tons with foreign powers, the frcsl-
dent speaks Of matters at home.
RECEIPTS AND ExPENDITrREs.
The secretary OF the treasury reports
that the receipts Of the government /,
from all sources OF revenue during the
fiscal wear ending June 30, 1914
amounted to 1872, SO2 1882 and Its
expenditures to $442, sos, 1887, leav-
,no deficit of 1858, SOB ,26O59. There
was decrease of S15 1852 ,674.66 in the
ordinary expenses of the government,
nc COMPARED with the fiscal year 1873
There was collected from customs Tl3l,-
SlS 33O.62. and from internal revenue
S14716S 1870. The balance OF the
income for the wear, amounting to
Se3 S15.5l7.97 was derived from the
sales of lands and other sources.
IMPORTS AND EXPORTS.
The values of our total dutlable I'M
norris amounted to 1928, 1919 OSS, being
S14665S.627 less than during the pre-
ccding wear. The lmportations free Of
duty amounted to 1919 795, $50, being
1854 74S.675 less than during the pre-
ceding year. The receipts from Gus
toms we're 1913 $50, 1861 less than IL
1898. The total tax collected from dis
titled spirits was $50 ,26O25. Or
manufactured tobacco 500 ,9l7 1856
and on fermented liquors $3l Ala ,7SS
on. Our exports of merchandise, &c
nestle and foreign, amounted durln
the wear to 1898, 1852, being an II
crease over the preceding year Of IA
4O5.373
The total amount of gold exporte
during the fiscal year was S76,S9S, OG
IS against SlO5 $50, 444 during the tisc
wear 1893. The amount imported W
x72449ll9 as against Y2l 164,3S1 d
ring the previous year. The impol
Of silver we're 1913, 2S6.552 and expol
were SOC. 4ol 800.
SUGAR BOUNTY.
The total bounty paid upon the pl
duction OF sugar in the United Sta
for the fiscal wear was $12, 100, 2OS.>
being an increase of 81 1925 ,O79.O1 0,
the payments made during the prec'
ing wear The amount of bounty p;
from July ]. 1894, to August %, Is
the time when further payment cea'
by operation of law, was 1866, lS3.
The total expenses incurred IN the
ncnt of the bounty upon sugar dur
the fiscal wear was l30,l4O.S5.
STILL ANOTHER DEFICIT.
1t IS estimated that upon the b
of the present revenue laws the recel
of the government during the curr
fiscal wear ending June 80, 1893,
be 1924. 1927 ,74S.44, and its expendit,
S444, 427 1854, resulting in a de-
of S2O,OOO,OOO
OUR CIRCULATING MEDIUM.
On the first day of November, L
the total stock of money of all kind
the country was S2,24O 1853 1888,
AGAINST S2,2O4 651 900 on the first
Of November 1893, and the none
all kinds in circulation or not incll
in the treasury holdings, was ST.
O93.422. or S2427 per capita upo
estimated population OF 6S,sS7
At the same date there was held II
treasury gold bullion amountin
S4G15,177 50, and silver bullion, W
was purchased at a cost OF Sl27 ,199
COINAGE.
The purchase Of silver bullion I
the act of July II, 1890, ceased Oh
first day OF November, 1898, and
that time there had been purc]
during the fiscal year II ,917 ,65S.I
ounces at a cost OF S,7l5 ,521.;
average cost of SO.73l3 per fine 0
The total amount of silver pure
from the time that law took
until the repeal Of its purchasing {
of the date last mentioned was l6S
6S2.53 fine ounces, which cost
931 ,OO225, the average price
SO.9244 The total amount OF sta
silver dollars coined at the mi