Huntsville gazette., 1894-12-08
The National Finances,

! THE YEARS INCOME AND EXPENDITURES.
The secretary of the treasury reports that
| the receipts of the government from all sources
| of revenue during the fiscal year ending June
80, 1894 amounted to 1872 802 f9S %, and its ex-
penditures to s442 sos, 1881 leaving deficit of
! S6q S13, SO.
There was d decrease Of ST., ,952 674. .66 In the
| ordinary expenses of the government as com
| pared with the fiscal year 1893. There was col
lected from customs S13I S1S $50 81 and from in
| ternal revenue S1i7.!6S, 1870 The balance Of
| the income for the year, amounting to S93,S15,-
! 517.97, was derived from the sales Of lands and
| other sources.
| CUSTOMS AND INTERNAL REVENUE.
| The value Of our total dutable imports
amounted to S2751g9 ,tS6 being Si46 657, ,625 less
| than during the preceding year. and the i'm
portatlonS free Of duty amounted to 1879 795 ,536
| being SCI S.675 less than during the preceding
| year. The receipts from customs were 1885,
| 1856 less, and from internal revenue Sl3,S36,-
! 1897 less than in 1898 The total tax collected
! from distilled spirits was SS5 5.259 IS; on
| manufactured tobacco S,6l7 S9s.6e, and on
| fermented liquors S}l -4l4lss.04-
THE YEARS EXPORTS.
Our exports of merchandise domestic and
| foreign amounted during the year to 1892, no.
!. o72, being an Increase over the preceding year
| of S44 1873.
THE MOVEMENT or GOLD AND SILVER.
| The total amount of gold exported during the
fiscal year was S6S9S ,06l as against Sl08 $50 444
ported was ST. 4l9 10. against sci ,t743S dur
| ing the previous year. The imports Of silver
were ST.. .asS6552, and the exports we're a5o,t5i,
| 265.
SUGAR BOUNTY PAID.
| The total bounty paid upon the production of
! sugar in the United States for the fiscal year
! was Sl9 100 80 being an increase of S2,725,
/ 01S.01 over the payments made during the pre-
Feeding year. The amount of bounty paid
! from July !, 1894, to August 2s, 1894,
the time when further payments ceased by
operation of law, was 1866. 1881 The total ex-
| penses incurred in the payment of the bounty
| upon sugar during the fiscal year was $780,
! l40.S5.
AN ESTIMATED DEFICIT.
1t is estimated that upon the basis of the
| present revenue laws the receipts of the gov
| ernmcnt during the current fiscal year ending
June 30 1895 will be 1924 PITTS a. and its ex-
pendftureS S444425, ,74S A. resulting in a deficit
| of $50 ,0o0.
THE NATIONS STOCK OF MONEY.
The first day of November. 1894. the total
/ stock of money Of al kinds in the coun-
try was S2,a.40i53,SSs as against s2.204,-
| 1893, and the money of all kinds in
| circulation, Or not included in the treasury
holdings, was ~ .652 093.f?2 or S2427 per capita
| upon an estimated population of 6S ,SS7 900. At
| the same date there was held in the treasury
| gold bullion amounting to SIi615.107.55 and sill
| yer bullion which was purchased at a cost Of
| Sl2I779,9tS
| SILVER BULLION.
The purchase OF silver bullion under the act
| of July II, 1890, ceased on the first day of No
| yember. 1893 and up TO that time there had
| been purchased during the fSc3i year ll.I7,-
| C5S. rs fine ounces at cost of SS.7I5 52 81. an
/ average cost of S073i3 per fine ounce. The to-
| tai amount of silver purchased from the time
| that law took effect until the repeal of its
| purchasing clause on the date last mentioned
169, ,674 ,6S2.53 fine ounces. which cost S155.-
93l 002. d, the average price per fine ounce being
| f0.92H.
| COINAGE OF TIRE MONEY METALS.
| The total amount or standard silver dollars
| coined at the mnts of the United States since
| the passage of the act of February 2S. 1873, is
1921 .756 f0s of which T51S 16f 793 were coined un
der the provisions of that act S3e 53I ,i43 under
| the provisions of the act of July II. 1890, and
| S5,07s III under the act providing for the coin
| age of trade dollar bullion The total coinage
OF all metals at our mints during the last fs-
| cal year consisted of 63i85.220 pieces val
ued at $I06.216 1906, of which there
was Sga.47I9l2.5j in gold coined
| S75s in standard silver dollars S60a4. 10 30 in
subsidiary silver coin, and S7i6,9l9 26 in minor
| coin.
| PRODUCTION OF PRECIOUS METALS.
During the calendar year 1923 the production
| Of precious metals in the United States was
estimated at 739 1923 fine ounces of gold of the
! commercial and coinage value Of S35 900 and
so 900 900 fine ounces of silver of the bullion or
| market value of 3i6so0.000 and of the coinage
value of s17 SO. 600 1t is estimated that on the
| first day OF July. 1894, the stock Of metallic
money in tho United tatcS. consisting Of coin
| and bullion, amounted 70 ~ PSI $40 95s. of which
| 1927 -93320 was gold and S6A,3i7-75s was silver.
NATIONAL BANKS
| Fifty national banks were organized during
| he year ending October ST. 1894 with a capital
| OF n. .2s5.GO0 and sevcnty-ninc, with capital
| OF sl0,475000 went into voluntary liquidation.
| Twenty-one banks with a capital of S2.710.000
were placed in the hands of receivers. The
| total number of national banks in existence on
the 3lst day of October last was 3.756, being
forty less than on the 3lst day of October. 1898
The capital stock paid III was 3612.61l .3S5, being
| Sa.67s. t9l less than at the same time in the
| the previous year. and the surplus and undi-
vided profits. less the expenses and taxes paid,
amounted to S344 i2l US2. 10, which was Sl6,0s9-
| 80 less than on October 81, 1898
! The circulation was decreased Sl-141 .563 The
| obliga tions OF the banks to each other were in
creased SlI7 369 3S4. and the individual deposits
were s271 299i fs9 less than at the corresponding
| date in the previous year. Loans and discounts
were Si6i 206 923 more than at the same time the
previous year. and checks and other cash items
| were ss0.349 e63 more. The total resources Of
| the banks at the date mentioned amounted to
SO e22 055 as against 50 100 .563 2e4 30 in 1898.
/ 1cI.x w.. Ii..r,.. t..,cr,t