Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1894-12-06
OUTLOOK FINANCIALLY.
A Deficit During the Past Year and
Promises Of More of IL.

A Deficit During the Past Year and
Promises OF More OF ii.
The secretary of the treasury reports the
sseIpts 10 this government from all sources
" ynne revenue sa during the fiscal year ending
June 80, iS9i. amounted to 1872, SOC. ABS. III,
anu us expenditures to $442, sos, 1853. 81. leav-
ing a deficit Of Sa9, sos. 200. So. There was
a decrease OF $i5,952, 674.6B In the ordinary
with the fiscal year -ofs1S93.
ahere was collected. from customs $751;
slS and from internal revenue $l47,-
16S, 40. 20. The balance of the income for
the year, amounting to 500, l5.5i7.g was
sources.
The values Of our total dutiable imports
amounted TO $275, 1879, 0S6. being STAG, 657 ,625
Tess tnan during the preceding year, and the
lmportatlons free Of duty amounted to $780,
.So'o36, being S64,74S,675 less than during
toms were Si3, 536. 1851 less and from in
1893. $1,000
The total tax collected from distilled spir-
It's was SS5, 90, 80. 25; on manufactured
tobacco $50 SOS. 81, and ON fermented
liquors SCI. Ala, 1884.
Our exports of merchandise, domestic and
foreign, amounted during the year to $780,
year Of $44, 4a5,37s.
The total amount of gold exported during
S1Os, $50, 44i during the fiscal year 1898.
The amount imported was So, AS, lis, as
against 81, TIA. 3S1 during the previous year.
The imports Of silver were S13, 2s6. $50, and
the exports were $50, 45l, 265. The total
bounty paid upon the production of sugar In
the United States for the fiscal year was
" LOO OS.s9 being an increase Of S2,725,-
preceding year. The amount OF bounty paid
from July !, 1894, to Aug. IS, 1894, the
time when further payments ceased by OPP
Grafton Of law was 5000, 1854. The total
expenses Incurred in the payment of the
bounty upon sugar during the fiscal year was
$3.50. 140.S5.
1t is estimated that upon the basis of
the government during the fiscal year end
ing June 30, 1895, will be S424, 427, 1854,
and It's expenditures $444, 1877 74s.44. result
Ing In
A Deficit of S2O,oOo,OO
! On the LIST day Of November, 1894, the
total stock of money of all kinds in the
country was $40, 173. SIS, as against
81, 2o4, 651 900 on the LIST day of November,
1898, and the money Of all kinds In circula-
ton, or not included in the treasury hold
tngs, was Sl,672, 093, ADO, or S24.27 per capita,
upon an estimated population of IS, SS7 600.
At the same date there was held in the
treasury gold bullion amounting 10 S4i ,6lo,-
1T.55, and silver bullion, which was pur-
chased at a cost of Sl27, 779,9SS The pur-
chase of silver bullion under the act of July
IA, 1890, ceased on the LIST day of Novem-
Der, 1893, and up to that time there had
been purchased during the fiscal year H.
1858 IS fine ounces, at a cost of SS,7l5,-
52l.32-an average cost of SO. 1913 per fine
ounce. The total amount OF silver pur-
chased from the time that the law took
effect until the repeal of it's purchasing
clause, on the date last mentioned, was
I8S, 50 fine ounces. which cost $685.
93l ,OO2. %; the average price per fine ounce
being S0.9244. The total amount of stand
ard silver dollars coined at the minis OF the
United States since the passage af the act
OF Feb. %, 1873, is 1921, 776, 40S, Of which
$37S, 1885,, 1913 were coined under the prcvis-
ions Of that act, S3S. 531, lab under the pro-
visions of the act of July IA, 1890, and
$5,07s,472 under the act providing for the
coinage Of trade dollar bullion.
The total coinage Of all metals at our
minis during the last fiscal year consisted
Of Is, as, go pieces, vaued at SlO6.216,-
1906, Of which there were 800, 1912 so
in gold coined; S75S in standard silver dol
lars; $6,024, 40. 80 in subsidiary silver coin,
and 26 in minor coin.
During the calendar year 1893 the prOduc-
ton of precious metals in the United States
was estimated at 1.739,32 2 fine ounces Of
gold, Of the commercial and coinage value
of $50, 955, 600. and co, 300 600 fine ounces Of
silver, of the bullion or market value Of
SAG, 500 900 and of the coinage value Of
SIT, $40, 900. 1t is estimated that on The lst
day of July, 1894. the stock of metallic
money in the United States. consisting of
coin and bullion, amounted to 81 ,251 $40,
95S, of which $627, 023, POI was gold and
The National banks.
Fifty national banks were organized dur,
Ing the year ending Oct. 81, 1894, with q
capital Of 49, 80, O"H, and 10. with a capital
of $40, 475, 900, VT into voluntary liquida.
ton. Twepty-one "onks, with a capital OF
81. 10000. were placed in the hands of re-
~ceivers. The total number of national banks
In existence on the 31st day of October last
was 1856, being 40 less than on the 3lst
day OF October, 1893. The capital stock
paid in was 1872, GIL, 365, being S9,6IS,491
less than at the same time In the previous
year. and the surplus fund and undivided
profits, less expenses and taxes paid,
amounted to 1884, 121. 0S2. 10, which was SIG,
OS0. 100 less than u Oct. 81, 1893.
The circulation was decreased $1,741.56S
The obligations Of the banks TO each other
were increased SILT ,26S. 1874, and the indi'
vidual deposits were S2I7 294, 4S9 less than
at the corresponding date in the previous
year. Loans and discounts were Sl6l, 2O6,'
923 more than Mt the same ime the pre-
vious year, and checks and other ash items
were 500, 349, 963 more. The t. | resources
of the banks at the date mentioned amount
ed to SO, 4T3. 90, 055, as against So, 100, $685.
L nn 90 T. 1OnD