The Portland daily press., 1894-12-04


val forces reduced the Atuans to apparent
subsection, not however without consider
aple loss to the natives. few days later
| Iamasese and his adherents fearing the
ships and the marines protested submission.
Rep0rts received from our agents at Apia
90 not Justify the belief that the peace thus
| brought about will be of long duration. 1t
| Is thelI conviction that the natives are at
heart hostile to the present government
that such of them as profess loyalty TO 1T
do SO from fear of the powers, and that it
would speedily go TO pieces if the warships
were Withdrawn. In reporting to his
government on the unsatisfactory situation
| foreign armed IoIces the German consul at
| Apla stated that peace will be lasting is
| hardly to be presumed The lesson given
| by firing on Atua aa not sufficiently sharp
| and 1noislve to leave Il lasting Impression
on the torgetful Samoan temperament, in
| fact. conditions aIe existing which show
| that peace will not last and is not seriously
| intended. Ma!ietoa, the King, and his
chiefs are convinced that the departure of
the warships will be a signal Tor renewal
of war: The circumstance that the repre-
sentative of the Villages of all the districts
which were opposed to the government have
already Withdrawn to Atua TO, hold meet
den inhabitants of those districts which
| fought on the side of the government TO re-
turn to their villages and have already
that II real Cancellation of the parties is
still far off, and in note of the 10th,
ultino. 1nclosing a copy of that report tor
| German ambassador said: The contents
| of the report awakened the imperial gov
| erLment's apprehension that under the cir
Cumstances the peace concluded with the
| rebels will afford no assurance of the last
| ing restoration of tranquility in the ISL
| ands.'
| to correct, if indeed it has not.aggIavated Z,
| the very evils it was intended to prevent.
| 1t has not stimulated our commerce with
1 the islands. Our particiation in its estab-
| lishment against the wishes of the natives
! was in plain de iance of the conservative
teao hings and warnings Of the wise and
| our free institutions. and Invite an express
| sion of the judgment of congress on the
propriety. of steps been taken by Is gov
| eminent looking to the withdrawal from its
| engagements with the other powers on some
reasonable terms not prejudicial to any of
| our existing rights
THE COUNTRY'S FINANCES.
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 $512,-
! 8O2 498 20, and its expenditures to $442, 605.-
| 750.S7, leaving a deficit of S69, 803. 26u.58.
| There wassan decrease of S15952 1894. 66 in
| the ordinary expenses of the government
| as compared with the fiscal year 1888.
| There was colleGted-from customs Sl3l. o1S,-
| 530.62, and from interal revenues Sl47 1885,
| 1910. The balance of the income for the
| year. amounting to S93,815, 81. was de-
| rived from the sales of lands and other
| sources.
The value of our total dutiable, imports
amounted to 1915. 0S6 being S146,657 .625
the importations free of duty. amounted, to
| S379, 1885, being SCI, 74S,675 less than dur
ing the preceding year: The receipts from
ternal revenues S13, 1885, 39 less than in 1888.
| The total tax collected from distilled spirits
was So. 259,25O; on manufactured tobaacco
Nd mr. fnrr anfo cd l.
| 4l4,78s. Our. exports of merchandise, DO
nestle and foreign, amounted during the
year to ssas. l4O.57s being an in increase over
| the preceding year of $44, 95,378.
The total amount Of gold ID exported during
| the fiscal year was, S76.S9s,06l as against
| S108,680. 444 during the fiscal year 1893. The
So, 1881 during the previous year, The
| exports We're $50, 45l ,a65.
| tion of sugar in the United States for the
| fiscal year was $l2. 100, 80, being an in
crease OF $2,725,O73.Ol over the payments
amount OF bounty paid from July !. 1894,
| to.August 20, 1884,, the time when further
p PAY 3eE ceased by operation OF law, was
the payment of the bounty upon sugar dur
| iEg the fiscal year was Slo0. 140.s5.
| 1t is estimated that upon the basis OF the
| present revenue laws the receipts of the
Government during the current fiscal ~ year
ending June 80, 1895. will be 1924 .437, 49,: "A.
and.its expenditures $444, APT, 74S.44, resulting
| in ade felt of $40, $1,000.
On the ..rst day OF November, 1894, the
total stock of money Of all kinds IN the
Country was $2..4o, 713ss ,as against S@,2ots-
and the money of all kinds in circulation
| or not included in the treasury holding was
S67 or Ssts7 per sc1 ca ad1 upon estl-
| date there was held in the treasury. gold
bullion amounting to S44 ,6l5,l77, and silver
bullion which was purchased at a cost of
No, hoe nj ell rnr hJ1l
under the act of July IA. 1880, ceased on the
first day Of November. 1898, and up to that
time there had been puro hased during the
fiscal year II .el7 .65s.79 fine ounces at "a cost
of Us, T5, SCI .32, an average cost OF 10 cents
per ounce. The total amount of silver pur-i
chased from the time that law tooS effect
on the date last mentioned was l6S,674.8S3.-
S. fine ounces which cost S155, 1871 ,002 20,
the average price per fine ounce being
Sc. 1924.
The total amount of standard silver dol
lars coined at the mints OF the United
States since The passage OF the act OF Feb
,793 were coined under the provisions of
that act. S3S, 531, l43, under the provisions of
the act of July IA, 1890. and S5,G7s,47s under
the act providing for the coinage Of trade
dollar bullion. The total Coinage of all
metals at our mints during t 10 last fiscal
year consisted of 6S,4s5.2aO pieces. valued
474 ,9l2 81 in gold coined. In standard silver
dollars $6.O24. 1890 in subsidiary silver coin.
and silt, 9l9.26 H. minor COIN. During The
calendar year, 1888, the production of
precious met al in the United States was esti-
ina ted at 1,739, 1928 tine ounces of gold, OF the
commercial and coinage value of $55. $50, coo,
and &c. 600, 900 fine ounces of silver of the
bullion or market value of $4,000 and of
the coinage value of ST., $4,000. 1t is esti-
mated that ON the first day of July, 1894,
the stock of metal money in the United
States. consisting of coin and bullion,
amounted to 81 ,25l GAG, 1858, of which S627,-
925,20l was gold and S624.247, 1857 was silver.
Fifty national banks were organized
during the year ending October 81, 1894,
with a capital of $5,as5Ooo and.seveniy-nine
with capital of Slu,47 ono went into volun-
tary liquidation. Twenty-one banks with
caIital'o of $2,7.0,000 were placed in the
hands of receivers. The total number of
national banks in existence on the lst day
of October, 1884, was 3, 1856, being forty less
than ON the 3lst day of October, 1898. The
capital stock paid in was $672,6il 1866, being
$9,67S, 49l less than at the same time in the
previous year, and the surplus fund and
undiy ided profits less expenses and taxes
paid amount to 1894. l2l ,082, which was Sl6,-
0S9 7S0 less than on October, 81, 1898. The
circulation was decreased 81, TAI, 5o3, the
obligation of the banks to each other were
increased Sill. 1868, 1874, and the individual
deposits were S277 ,294 4S9 less than at the
corresponding date in the previous year.
Loans and discounts were Sl61 ,205,923 more
than at the time the previous year. end
al. -1-s, l,A1, l,