The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-07-01
POSTAL SHORTAGE VERY LARGE
The Customs Receipts Are Making
Much Better Showing.
Fewer National Banks, but larger Cir
culation. Deposits and Reserve-Re-
forms in the Revenue Cutter Service
"A Quarter Million Immigrants.

o1.sa makes fhe excess of expenditures
over receipts since June 30 1888 about
Slla,250.oDo The total receipts Of the gov
ernment this fiscal year. exclusive of
postal revenues. amount to nearly s313.-
0S.00 and the expenditures S2ss go 600
OF which pensions took s14f, 3a1, ,52I Last
year the aggregate receipts. exclusive of
postal revenues. were $2f. u 0i9. and the
expenditures Ns1 1aE. 20. The receipts this
year therefore were 81. rs. .00D larger than
last. and the expenditures about Sll 275.-
90 less. The postal service deficit is
about slis issa.g1. which is considerably in
excess of that of any recent year
The Internal revenue department OF
the government has contributed this
year 10 the receipts nearly $4,000. .0oo. as
against little more than sl47. .0t0. GO last
year The customs this year make
better showing than last by about s21.-
0o9.ga. Last year the receipts from this
source amounted 10 nearly Sls2, ,0o0. coo,
and this year they Approximate sl53. .0o0,-
90 OF this amount sugar contributed
about 81. $50. .ooo
Tomorrow's debt statement will show
an available cash balance OF about Sla5,-
e:9ssl, Of which about $I07, 500 600 is gold
reserve. This reserve viii include pay-
ment in full for the last bond issue. but
the statement viii show a counter debt
charge Of only So. .i57 700 IN bonds, or one
half OF the whole amount issued In ex-
PLANTATION of this seeming error, IL Is said
the formal transfer of the London half
of the bonds has not yet been made.
The expenditure for July VIII be excep-
uonaliy heavy, pension and interest alone
being expected 10 amount TO SO, 900 CO.,
During the fiscal year the number of
national banks in existence has decreased
from 3,175 TO 3.T2. Forty-one national
banks have been organized during the
year. sixty have gone inte voluntary
liquidation and thirty-six have been
placed in the hands of receivers. The
national bank circulation has increased
lsl. from s207. .353.2 2H on July ]. 1894.
TO S2il, ,6sl .035 on July l. 1893. From July
49, 1884. 20 May T. 1895. the nearest dates
10 the year obtainable. the loans and dis
counts of national banks have increased
from 81 aSS. SIS. .352 TO ST. Az, ,3o4, 49, or about
$43.00.e1s During the same time indi-
FiGuai deposits have increased from 81
6f,ah.1O TO 81. SEQ s6i, ,2s9, or about Si3 0oa-
0l. The lawful money reserve held by
the banks shows a heavy increase. from
SS44. s57 to sisss3i.s $40. or nearly ST, 5,e0.-
600.
The operations OF some OF the import
ant bureaus Of the treasury department
during the last year are briefly outlined
as follows:
There were employed under the light
'house board, in the construction and
maintenance of aids to navigation. So
steam tenders, steam launches and .
sailing tenders. In supplying the light
houses and vessels and caring for huoys
these tenders steamed 205. $50 miles There
are S.4i2 persons employed in the light
house service as keepers. etc. The total
value OF the lighthouse establishments is
about s100 oo,co Ten new fog signal STA
tions and AZ new lights were established
during the year. The lower Cedar Point
light station was destroyed by fire and the
Smiths Point light was carried away hy
the ice. During the year perfect tele-
phonic connection between Scotland light
ship and. the shore has been established
This rs one Of the greatest achievements
ye, in electrical researches and seems to
demonstrate that telephone communica-
tion with simple appliances can be had
with the shore by a vessel many miles az
sea without any direct metallic connection
nearer than several hundred feet from the
vessel.
The year has been OF unusual interest
and Importance 20 the United States rev
enue cutter service. II has performed spe-
ciaf services Of conspicuous nature
Among these are noted the search for the
ship lvanhoe. supposed TO have foundersi
on the 18th Of September last off Cape
Flattcry on the Pacific. in which fhrao
or the vessels. the Grant, Rush and Cor
win. Joined. In fts winter cruising onera-
tions during the unusually severe weafhe,
Of the last season tt rendered services -
distressed shipping OF more than orlin-
airy value and Importance The Dallas
alone assisted during the month Of Feb
Tuary - vessels imperiled by Ice, and dur
ing the month OF March the Crawford
rendered a Ike service 70 Is vessels The
Morrill, and McLane have been vfgi,ant
along the coast OF Florida in repressins
smuggling and preventing violation OF our
neutrality obligations nv sympat hizerS OF
the Cuban revolt SIX vessels have been
manned and fully equipped and dispatch
81 20 Bering sea - protect the seal her9s
and the government interests in Alaska
and the seal islands The new steamer
WINDOW untler course OF construction at
she beginning of the year. has been %
Tar advanced as ~ be practically com
geted, Two steam launches are being
built Tor duty on Puget sound and one far
The lower Savannah river. Contracts
have been awarded for the construction ~
new steamers of upward of a00 tons each
" htrh when compile; 81 Will he the fines.
vessels in the service Much new legs
lation has been secured fer the better
mont of the service. one new vessel -
the drst-class. - cost S9sA oso, and ono
harho- boat 20 cost So 0ao have been AZ
thorizea for apty on the Pacific coast &
ues1t waiting orders ali officers in the ser
vice who are perusane ATTY tncapacitate4
from the duties 0f their cffCe In carry
trg- into sTest tire provisions % The .aw-
4 = claimed. the service has been gen
eraliv benefited bg the removal from tte
active Ust % a large number OF Officers
who. through no fault % theirs are n0
longer caQahle cf performing duty ana
prouot inE NuuBEer meu 30 tae vacancies
rt,tfs created Measures have also been
instituted and are in full course Of exc
~,t+4an. looking - new appointments 20
again su the complement - officers on
the active lisJ
The reports ~ the operations o. the life
saving service shoN that during The las.
vear the total number of 3 .sasters 10 yes
sells af sea ard or the Great lakes u4s
about s.0 OF these 1-S we've on the Ar
lantte and Gulf coast l13 on the Cres.
] axes and = OF the Pacific The va}aa az
The property involved is csVsu approx
r,ate1v At 3 SIS ss1 TIE property loss ts
estimated az s11s4 lso. ~ the 4sls persons
On hoard vessels in distress oulv = were
fosf as seaIrst eS tasf year The value NJ
the property lost decreased during tre
,-es- nearly oue-halF TIE totaf ua--ha-
az Vessels lost was Ss aEa3rsf So last war
The records ef the immigration b-l~eau
Show the r4mber cf iH,rszra~ts ~6o ar
rt.e2 in tEfS roantr- daring 1F@ year %
~. arnrexiraa sk}y - s.. decrease for the
sasTx - H. B. 2