Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1894-12-06

tic and foreign, amounted during the
year to 1892, 40, 572, being an in
crease over the preceding year of S44,
495, 379.
The total amount of gold exported
the fiscal year was $40, sos, O61 as
against $108, $50, 444 during the fiscal
year 1898. The amount imported was
1872, 449, 10 as against S21, ia, 3S1 during |
the previous year. The imports of sill
yer were S13, 286, 552 and the exports
were $50, 451, 265.
The total bounty paid upon the pro- |
of sugar in the United States
for the fiscal year was S12, 100, POS. SO, |
being an increase of So, 725, 07S.O1 over
the payments made during the preeed-
ing year. The amount of bounty paid
from July LIST, 1894, to August 2Sth,
1894, the time when further payments
ceased by operation of law, was 1885,
1854. The total expenses incurred in
the payment.of the bounty upon sugar
during the fiscal year was S130, 40. IS.
1t is estimated that upon the basis of
the present revenue laws the receipts
of the government during the current
fiscal year ending June Both, 1895, will
be S424,427, 74S-44, and its expenditures
$444, 427, 749.44, resulting in a deficit
So, OOO, 600.
On the first day of November, 1894,
the total stock of money of all kinds in
the country was 81, 240, 773, SSS as against
So, POI, 651, 600 on the first day of No
vember, 1893, and the money of all
kinds in circulation, or not included in
the treasury holdings, was $1,672, 093,-
1922, or S24.27 per capita upon an csti-
mated population of 6S, SS7, 900. AT the
same date there was held in the Treas
ury gold bullion amounting to 44,615,-
III, So, and silver bullion which was
purchased at a cost of 1927, 779, 9SS.
The purchase of silver bullion under
the act of July IA, 1890, ceased on the
1st day of November, 1893, and up to
that time there had been purchased
during the fiscal year II, 911, 658. rs fine
ounces at a cost of So, rs, 52l.32, an
J! average cost of 50. 1913 per fine
ounce. The total amount of silver
purchased from the time that law
took effect until the repeal of its
purchasing clause on the date last men
toned was $685. gu, 6S2.53 fine ounce
| which cost $155, 931 COZ. %, the average
price per fine ounce being SO. 924l. The
total amount of standard silver dollars
coined at the minis of the United States
| since the passage of the act of Febru-
airy %, 1878, is S421, 7a6, 40S, of which
1878, 166, 1913 were coined under the pro
visions of that act; S3S, 53l ,143 under
the provisions of the act Of July II.
1890, and S5,016,4t under the act pro
viding for the coinage of trade dollar
bullion. The total coinage OF all metals
at all minis during the last fiscal yeal
consisted of 63, 4S5, 22O pieces, valued al
S106, PIG, G30.G6, of which there were
800, 474, 9i2.50 in gold coined: 81, $50. 00(
in standard silver dollars; SC, 1924. no. 81
in subsidiary silver coin, and SIG, 9l9.2(
in minor coin.
During the calendar year 1898 tht
production of precious metals in the
United States was estimated at |, I39, 81;
fine ounces OF gold, of the commercial
and coinage value of $50, 955, geo, and 60,
600, 900 fine ounces of silver, of the bull
lion or market value of SIG, 800, 900 ane
of the coinage value of 1850 coo. L
is estimated that on the lst day o
July, 1891. the stock of metallic MONEY
in the United States, consisting of coli
and bullion, amounted to 81, 250, $40, 95S
of which 1927, 923, POI was gold an,
~$624,347, 757 was silver.
Fifty national banks were organize
during the year ending October 81
1894, with Il capital Of S., 2S5, 600, an
seventy-ninc with IA capital of Sl0,4 75,
600 went into voluntary liquidation
Twenty-One banks with Il capital o
So, 100000 were placed in the hands 0
receivers. The total number of ~nationa
banks in existence on the 31st day o
October last was 1856, being 40 les
than on the 3lst day OF October, 1893
The capital stock paid in was 1872,
GIL 1865, being $9,61S,4 91 less than at TIL
same time in the previous year, and tn
surplus fund and undivided profits, les
expenses and taxes paid, amounted t
1891, 121, 0S2. 10. which was Sl6,0 $50, IS
less than on October, 3lst. 1899
The circulation was decreascd$i, III IS:
The obligations of the banks to eacl
other were increased $117 1868 ; an,
the individual deposits were 1927, 294,
4S9 less than at the corresponding dat
in the previous year. Loans and dis
counts were $161, POS, 923 more than a
the same time the previous year, an
checks and other cash items were 800
$40, 963 more. The total c
the banks at the date mentiOne
amounted to S3,473, 922, 055 as agains
So, 109, 563, 2S4.3G in 1898.
THE OF WAR EPORT
From the report of the Secretary c
Wan it appears that the strength of tn
army on September 30, 1894, was 2,13
officers and 25, 7G5 enlisted men. A
though this is apparently a very Sigh
decrease compared with the previou
year, the army really has been increase
to the equivalent of nearly two reg
ments through the reorganization c
the system of recruiting, n the cons
quent release to regimental duty of tn
large force of men hitherto serving a
the recruiting depots. The abolition c
these depots, as predicted, will further
more effect an annual reduction az
proximating $250,O00 in the direct e1
penditures, besides promoting general
the health, morals and discipline of tn
troops. The execution of the policy c
concentrating the army at importan
centres of population and transpol
tation, foreshadowed in the las
annual report of the Secretary
has resulted in the abandonment
of fifteen of the smaller posts which wa
effected under a plan which assemble
organizations of the same regiment
hitherto widely separated. This rer
ders our small forces more read1l
effective for any service which the
may be called upon to perform, increase
the extent of the territory under pro
lection without diminishing the Sc
curity heretofore afforded to any loca
ity, improves the discipline, trainin
and esprit de-corps of the army, beside
considerably decreasing the cost of il
maintenance. Though the forces c
the Department of the East have bee
somewhat increased, more than three
fourths of the army is still st;
toned west of the Mississippi
This carefully matured policy, whie
secures the best and greatest Sc
vice, in the interest Of the general we
fare. from the small force comprisin