The Providence news. (Providence [R.I.]) 1891-1906, 1895-07-01
OUR FINANCES.
As Shown BY Debt Statement For
Fiscal Year lust Passed,
CASH BALANCE OF slss, 900, 600.
Over Half Of Which Is the Gold
Reserve.

mately 1000. This added to lnst
years deficit Of nearly $40, 900, 600 makes
she excess Of expenditures over receipts of
tho government this fiscal year, exclusive
oi postal revenues, amount to nearly S3l3,-
Uo,oOO, and the expenditures $356, 250, 900,
OF which pensions took Sl4l, ,39l ,623. Last
year the aggregated receipts, exclusive Of
postal revenues, were $297, ,7a2, ,0l9, and the
expenditures $367, ,525, ,270.
The receipts this year, therefore were
Sl5,27S,oO0 greater than last, and the ex-
penditurcs about ell,e7b,0 900 less The
postal service deficit, Is about Sl1 ,0oO, coo,
which Isl considerably in excess of that OF
any recent year.
The internal revenue department of the
government has contributed this year to
the receipts nearly Sl48, O00, 900, as against
little more than el47,000,000 last year.
The customs this year makes u better
showing than last by about t2l, ,0O0, 900.
Last year tic receipts from this source
amounted to nearly sl32, 900 900, end this
year they approximate Sl53, 600.
Today's debt statement shows an avail
able cash balance n about $l95, 900, 900, Of
which about $l07 10000 Is gold reserve.
This reserve includes payment In full for
the last bond issue. but the statement
shows ounterdebt charge of only $751;
l57, 7U0 In bonds, On one-half Of the whole
amount issued.
In explanation Of this seeming error, 10
Is said that the formal transfer OF tho
London half of the bonds has not yet been
made.
The expenditures for July will DO ex-
oeptionably heavy. Pensions and interest
alone are expected to amount to 10000
coo.
kS~sS Fewer National Banks.
During the fiscal year the number of ma
tional banks In existence has decreased
from 8775 to 8722 Forty one national
banks have been organized Sxring tho
year, % have gono into voluntary liquida-
tion and ~ have beer placed in the hands
or receivers. The national bank circula-
ton has increased $4,337, ,79l, frora S207,-
SoS,244 on July l, 1894, to sell ,60l ,085 July
], 1879. From July IL, 1894 TO May z,
1895, the nearest dates to the year obtaina-
bic, the loans and discounts of national
banks have Increased from 81, ,933, $50 852t to
C,N0,G ,GO4, 445, or about $i8, 0O0, ,0O0 During
the samc time Individual deposits have in
creased from 81 ,677, sol 200 TO d, 600 06i 800,
or about sl3, 100000. Tho lawful money
reserve held by banks shows a heavy in
crease from 1854, l05, 757 TO $43S, ,931, ,970 or
nearly S75,000,0 900.
The operations of some Of the moro i'm
portant bureaus of the treasury depart
mcnt during the last fiscal year are briefly
outlined as follows;
There were employed under the light
house board In the construction and main
tonance OF aids to navigation, 32 steam
tenders, steam launches and 2 sailing
tenders. In supplying lighthouses and
vessels and caring for buoys these tenders
steamed 2o5, $50 miles. There are 3i22 per-
sons employed in the lighthouse establish
ment, at u cost Of about slO0, 10000 Ten
new fog signal stations and AZ new lights
werc established during the year.
The year has been one of unusual interest
and Importance TO the United States rev.
enue cutter service 1t hos performed
special services Of "a conspicuous nature.
Among these are noted the search for the
lvanhoe, supposed to have foundered OH
sept. 2S last off Cape Flattery on the
Pacific, In which three of the vessels, viz,
Grant, Rush and Corwin, joined. In its
winter cruising operations, during the un-
usually severe weather Of the last season.
II rendered services 20 distressed shipping
OF more than ordinary value and import
ance Tho Dallas alone assisted during
the month Of February - vessels i'm
perilled by ice and during the month of |
March 90. Six vessels, have been manned |
and fully equipped and dispatched to the |
Behring sea TO protect the Fal herds and |
the government interest i'm Alaska and the |
seal islands.
Marine Disasters.
The reports of the operations Of the life
saving service show that during the last
year the total number of disasters to ycs-
sells at sea and on the great lakes was
about 550 of these AIS were on the Allan
ito and gulf coast, 40 on the great lakes
and IL on the Pacific coast. The value OF the
involved Is given approximately
at S,645,000. The property lost is es-
timated at 81, 1854, 900. OF the 46ls persons
on board vessels in distress only 25 were
lost, as against 90 last year. The value OF
the property lost decreased during tho
year nearly onehalf. The total number
Of vessels lost was 55, as against OIL last
year.
The records OF the immigration bureau
show the number Of immigrants who ar
rived In this country during the year 60 be
approximately 255,g27. n decrease for the
year of 30.304 OF the whole number of ar
rivals about $500 were debarred from land
Ing and deported to the port whence they
came.
The total number Of government build
ngs now under construction by the super
yising architect Of the treasury is A, con-
total expenditure under ex-
sting limit Of cost or slS,700,0l3. The
aumber legislated for but not commenced
S 2, involving an expenditure OF Sl3,3S1,-
so. The total number Of completed build
ngs now under the control of the treasury
department. Is 2g6.
During the last l2 months the officers OF
he secret service have made more arrests |
II counterfeiters than during any other
n the history Of tho service.