The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-12-06
amounted to 1919, 795, $50, being So, ,74s..

|
the receipts from customs were $73, 1896.
4oS less, and from internal revenues S13,-
collected from distilled spirits was $S5.-
! 2o9,2oO.20; on manufactured tobacco
S2S6l!, ,S!3.O2, and on fermented liquors,
$31, ,414,04.
Our exports and merchandise, domestic
and and foreign, amounted during the year to
SS92, i4o,5I2, being an increase over the
preceding year of $44, ,495,37S.
The total amount of gold exported dur
ing the fiscal year was $76,9S9, ,061, as
against lOS,6S0,4 ,444 during the fiscal
year 1913. The amount imported was
$I2,4l9,119,. as against $21, 174,3S1 dur
ing the previous year.
The imports of silver were S13, 2S6, $50,
and the exports were $50, ,451 ,265. The to-
tai bounty paid upon the production of su-
was So, 100, 20S.S9, being an increase of
$2,725,O7S.01 over the payments made
during the preceding year.
The amount of bounty paid from July l.
1894, to August 2S, 1894, the time when
| further payments ceased by operation of
law, was 5000, 1854. The total expenses
incurred in the payment of the bounty
upon sugar during the fiscal year was
$130, 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 30, 1895, will be $424,-
AZ, 1874, and its expenditures $444-
AZ, 7,74S.44, resulting in n deficit of $20,-
100000.
The first day of November, 1894, the
total stock of money of all kinds in the
81, ,204, ,651 900 on the first day of No
yember 1893, and the money of all kinds
in circulation, not included in the treas
ury holdings, was $1,672,003, 400 or
S24.27 per capita, upon an estimated pop
ulation of 6S,SS7,O 900. At the same date
there was held in the treasury gold bull
lion amounting to 44,615, ,10T55 and sill
yer bullion which was purchased at u
lcost of $127, ,779,9SS. The purchase of
silver bullion under the act of July IA,
1890, ceased ON the first day of Novem-
Der, 1893, and up to that time there had
been purchased during the fiscal year
1877, ,65S.7S fine ounces at n cost Of
$S, ,715, ,521.3 an average cost of SO.7313
per fine ounce. The total amount of sill
yer purchased from the time that the law
took effect until the repeal of its pur-
chasing clause on the date last men
toned was 16S,G746 46S2.53 fine ounces,
which cost $155, ,931 ,002 %. The average
price per fine ounce being S0.9244. The
total amount of standard silver dollars
coined at the mints of the United States
since the passage of the act of February
2S. 1878, is $421, ,776, ,4OS of which $27S,-
1876, 792 were coined under the provisions
of that act. $3S,531, ,143 under the act of
July IA, 800, and1 $5.07S,472 under the
act providing for the coinage of trade dol
lar bullion.
The total coinage of all metals at our
mints during the last fiscal year consist
ed of 63, ,4S5, ,220 pieces, valued at S106,
1916 730.O6, of which there was sos, ,474,
912.50 in gold coined, S75S in standard
silver dollars, $6,024, 140.30 in subsidiary
silver coin, and $716,S19.26 in minor coin.
During the calendar year 1893, the pro-
duction of precious metals in the United
States was estimated at $1,739,323 fine
ounces of gold of the commercial and
coinage value of $35, 5,955,000 and $780,
100000 fine ounces of silver of the bull
lion or market value of SAG, 100000, and
of the coinage value of $77, 7,576,000. 1t
is estimated that on the first day of July,
1894, the stock of metallic money in the
United States consisting of coin and
bullion, amounted to $1,251 ,64095S, of
which $627, ,923, POI was gold and 1924,
BAT, 1853 was silver
Fifty national banks were organized
during the year ending October 81, 1894,
with q capital of $5,2S5,000, and 70,
with capital of $40, 600 went into
voluntary liquidation; q banks with n
capital of $2,770,000 were placed in the
hands of receivers. The total number of
national banks in existence on the 31st
day of October, WAS 1856, being forty
less than on the LIST day of October,
$672, GIL 1875, being $9,67S, ,491 less than
at the same time in the previous year,
and the surplus and undivided profits,
|, less expenses and taxes paid, 1914, ,121 ;
0S2.10, was $16,089, 780 less than on
October 81, 1893. The circulation was
decreased $1,741 ,563; the obligations of
J the banks to each other were increased
Sill, ,269,334 and the individual depos-
its were 1921, ,294,489 less than at the
corresponding date in the previous year.
Loans and discounts were $161, ,206, ,923
more than at the same time the previous
year, and checks and other cash items
were 800 0,349963 more. The total re-
sources of the banks at the date men
toned amounted to $3,473,922, ,055 as
against $3. 109, ,563, ,284.36 in 1893.
WAR DEPARTMENT.
From the report Of the secretary of war
it appears that the strength of the army
on September 30, 1894, was 2135 officers
and 25,765 enlisted men. Although this
is apparently very slight increase com
Ipared with the previous year, the actual
effective force has been increased to the
equivalent of nearly two regiments
through the reorganization of the sys.
TEN of the recruiting department and the
consequent release to regiment duty OF
large force of men hitherto serving at the
recruiting departments. The abolition Of
these departments, it is believed, will
Furthermore effect an annual reduction
approximating $250,000 in the direct ex.
Ipenditures, besides promoting in general
the health, morals and discipline of the
troops.
The execution of the policy of concen
trating the army at important centers OF
population and transportation as fore
shadowed in the last annual report of the
secretary, has resulted in the abandon
ment of Is of the smaller posts, which
was effected under plan which assemblies
organizations of the same regiment hith
erto widely separated. This renders ouI
small force more readily effective for any
service which they may be called upon to
perform; increases the extent of the ter
ritory under protection without diminish
ing the security hitherto afforded to any
locality; improves the discipline, training
and esprit de corps of the army, besides
considerably decreasing the cost of its
maintenance.
Though the forces of the department
of the east have been somewhat in
creased, more than three-fourths of th'
army is still stationed west of the Missis
sippi, and this carefully matured policy
which secures the best interests OF tho