Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-12-03

l77.55 aud silver bullion which was
purchased mt cost oi Sl25,550, Jss.
The purchase M silver bulIiOl under
the act Ui Jolly IL, 1890. ceaSui ON the
ilfst DAY OF November, l5J8, ana up 60
that time there huu been rufcnurrd
during tho fiscal year ll,gl7 .Gj37S
Hue ounces vt cost ~ S. ,7lj, 52l32i au
average cost 0' 5t.73l3 per fins ounce.
The total amount Ui silver purchased
from the time that law took eject
until ,ho repeal " iis purchasing clause
Ju iut date last mCrtiDNuu, was los.
ga 49, 10 ils ounces which cost lob
vjluu-..j tho average price Ter n.r
ugAc1 1rluZ S1.t2ii. rhs total sm0uHt
OF standard silver 4Uilsfr c0iuJd ut tuU
uluH % the Uul.rd States since the
paHsnEu ut the act VI February q, 1850,
Dr. l,I5j. ils, ~ which SI1s. lHD.5JJ
were g.iuuI under thu urJvuouH of
thntugt, s3s, bll lI3uuurr the provisions
Oithu net Ui jus 10, 1890, and u,5l 4i-
under The uyt providing Tor tue CJIE.
age % trade dollar bullion. The U.iu-
age OF all metals " our minis during
tie lat isUul year consisted u' GI, $50.
30 pieces valued ut slug 90. 1900, VI
winch there were SOS, ga gl9 JJ lu gold
coined, sos lu standard HilyUr uOIlars,
80 u2i, lU.3l in subsidiary silver coin
anu $40 90 30 iu miu0r coin.
buuug the c4ieudur year 1893,
ihn prOIICliUu OF precious metals lu
tuo United States was estimator NJ
lt7i9,J 1913 huo ounces OF gold of the
comm rglal aud coinage value OF $751;
0j5, OIJ aud 100000 me ounces Of
silver n the bullion orc or market
value sd iij 5D1,UOl and OF tho coinage
value " .1I,575,UDJ. 10 II estimated
tnat on tho hntday Of July, 1894, tho
stock u metallic money iu the United
statve, consisting u COius AMI bullion,
Amounted 10 n PSI, j4u,JjS, uf which
sj-1y2J,2Jl was gold aud sj-i,JiI7j7
was silver
BANKS.
Fifty national banks were organized
during tho year ending October "a ,
1914 with "a capital OF $3.50. 900; anu
Hrvrnty.niur, with q capital OF slO,-
10000, went Ia voluntary liquidation.
IwUuty.Ouo banks, with capital of
s4,IiO,uuO, were placed ia the hands Of
tccuivUre. The total number Of ma.
tiOrni banks in existence on the 3lst
day " October, laHi, Wag 8,15J, being
forty less than on the alst Jay OF o.
t0bub 1892. Tho capital stock paid ~
was s372 Oh .a1j, buluR s0,6gs, iUl loss
than Ut the same time Ia tho previous
year aud tbs surplus iund and the
undivided profits, Ices expenses nud
taxes paid, amounted 10 s13ilgl,.
us-ll, which was SO $50 $50
less than on October 3lst, 1888
The circulation was decreased sl,74l,.
lji. the obligations OF the hbuks TO
each ether were Increased sllT,9is,a8A
ana the individual deposits were S-17,.
.Ji, $50 Ices than nt tue corresponding
date Ia tuu previous year; AMI chucka
anu other items were sgJGig. 9G3 more.
The total ts9ufcys " the bAuas nc the
date mentioned amounted 10 $3.50.
9-s,U51 % against s3,lu9,5BJ,2si.8J In
1893.
THE ABMY,
From the report OF SECRETARY Of war
II nppearu that the strength Of the army
90 September 30. 1898, was a,I86
officers aud 20. 7Jj enlisted men. Al.
though this 10 apparently very slight
decrease compared with tho previous
year, the actual effective force has
ueen increased TO thu equivalent of
nearly two regiments through the
reorganization OF the system OF recruit.
Ing and tue consequent release 10
rugimtntal duty Of 10 large force OF
men heretofore serving at the recuit.
Ing JopOta. The abolition OF those
drpOta Il IL predicted will furthermore
effect an annual reduction appr0Eimat.
ing,s25u,OOO In the direct expenditures,
busldes promoting generally the health,
morals and discipline VI the tfUUpa.
the execution Of tho policy OF c0uCou.
ttaling tue army vi important centcrs
e population aud transportation, fore.
Swallowed lu the last annual fopOrtOi the
secretary has resulted Ia the abandon.
mont OF tueUn oithe smaller pOsla, which
was ELECTED under a plan which ~.
uomblrs organizations OF the famo
regiments hitherto widely separated.
This render- our small forces muTcttuu-
ily elective turuuy service which they
may DO called upon 20 perform, Increases
tnu extent o. the Territory under pros
lection without diminishing the fecuf.
Ivy heretofore W1riui TO any locality,
Improves the uiauipliue, training Auu
tg)rtdc oJEje vi tue army, besides con.
siIeUbly uJCreasing tue cost VI IT,
maintenance. Though the forces Of
tbs department OF tho East nave bauu
somewhat ~ creased, more than three.
fOurthH OF the army h eth stationed
west OF the Mississippi, Iuis carefully
maturej policy, which secures the best
AID greatest service IN tue Interest OF
the general welfare from tie small
;ofoo comprlsiug our regular army,
eh0uld not DO lhOughtleasly ombat-
raised by tho creation " new and un.
necessary posts through acts OF Con.
gless 10 Crafty tue ambition or inter
esta VI localities. While The maximum
legal strength OF the army Is 10000
m6ni tho effective strength, through
various causes, Is but little over 10000
men. The purpuEu u Congress does not
therefore seem 90 uH July attained by
the eXlstiugC1uIltlOuu. While no con.
siderable increase IN tho army b IN my
Judgment demanded by recent events,
The policy VI sea coast Qualifications,
In the prosecution OF which W. have
been steadily engaged Tor some yyars,
mas no far developed as 10 suggesl thai
the elective strength ui tao army be
now made ut least equal 20 the legal
strength. Measures Ubun by the dt-
paftmUnt during tns year o. Indicated
nave already considerably augmented
the elective force ami the secretary OF
war presents \ plan which l recon-.
mend TO tue consideration OF Congress
10 attain tue dehired end. Economical
reform effected IN the department in
Other lines Of work will effect to
great extent the expenditure involved
In the proposition submitted, Among
other things this COntemplRtes the
adoption Of the liberalization forma.
ton Of regiments, which for several