St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-01
'TWAS A BAD YEAR
THE TREASURY DEFICIT WILL,
AMOUNT APPROXIMATELY
To $43,25O.GOO,
BUT RECEIPTS INCREASE,
AS SHOWN BY COMPARISON WITH
THE TREASURY STATEMENT
FOR 1894,
AND EXPENDITURES ARE LESS.
Pensions Make an Item of Over
40 Per Cent of the Cost of
Government


WASHINGTON, June 80. - The
treasury deficit for the fiscal year
just closed will be found by tomor-
rows debt statement to be approxi-
mately $43, ,250,000. The total re-
ceipts of the government this fiscal
year, exclusive of postal revenues.
amount to nearly 1913, 900 900, and the
expenditures, $356, ESQ 600, of which
pensions took $141, ,391 ,623. Last year
the aggregate receipts of postal rev.
enues were 1927, ,722, ,O19, and the ex-
penditureS, $780,, ,525, ,279 The receipts
this year, therefore, were SIS, ,27S, 900
greater than last, and the expendi-
lures about $11 ,275, ,000 less. The DOS
tai service deficit is about $11 COO, 600.
Which is considerably in excess Of
that of any recent year.
The internal revenue department
of the government has contributed
this year to the receipts nearly $149,-
O0O,O0O, as against little more than
$147, 100000 last year.
THE CUSTOMS
this year makes a better showing
than last by about $21 ,00O, 900. Last
year the receipts from this source
amounted to nearly $1S2, 600, 900, and
this year they approximate $153, ,GO0.-
600. OF this amount sugar contribut-
ed about $17,35OO00. -r' t<s:-
TOmOrrow's debt statement will
show an available cash balance of
about $195,000,000, of which about
$107, 800 900 is gold reserve. This re-
serve will include payment in full
for the last bond issue, but the state
ment will show counter debt charge
of only $31, ,157, 100 in bonds, or one
half of the whole amount issued.
In explanation of this seeming
error, it is said that the formal trans
fer of the London half of the bonds
has not yet been made. The expendi-
lures for July will be exceptionally
heavy, pensions and interest alone
are expected to amount to 2O,00O, 900.
BANKS DECREASE.
During the fiscal year the number
of national banks in existence has
decreased from 3,775 to 1922. Forty
one national banks have been or
ganized during the year; sixty have
gone into voluntary liquidation, and
thirty-six have been placed in the
hands of receivers. The national
bank circulation has increased 81, ,337,-
791 from $207, 1853, 244 on July 1, 1894,
to $211, 691, ,035 July /, 1895. From
July Is, 1894, to May 7, 1895, the near
est dates to the year obtainable, the
loans and discounts of national
banks have increased from 81, $685.
$50, 1852 to $1,976, 604, ,445, or about $43,-
000,0 During the same time indi-
Vidual deposits have increased from
$1,677, sol 200 to 81 ,690, 1861, ,299, or about
S13,0O0,000. The lawful money re-
serve held in banks shows a heavy
increase, from 1854, ,105, 757 to $43S,-
| 9S1 $40, or nearly SIS, 100000
BUREAU REPORTS.
The operations of some of the import
| ant bureaus of the treasury depart
ment during the last fiscal year are
| briefly outlined as follows:
There were employed under the light
| house board in the construction and
maintenance of aids to navigation, 80
! steam tenders, 6 steam launches and
! sailing tenders. In supplying light
! houses and vessels and caring for
| buoys these tenders steamed 2O5, $50
| miles. There are 3422 persons en-
| ployed in the lighthouse service as
| keepers, etc. The total value of the
! lighthouse establishment is about $780,
! 100000. Ten new fog signal stations
and AZ new lights were established dur
| ing the year. The lower Cedar Point
light station was destroyed by fire and
| the Smiths Point light was carried
away by the ice. During the year per-
| feet telephone connection between
Scotland lghtship and the shore has
been established. This is one OF the
! greatest achievements IN electrical re-
search and seems to demonstrate that
| telephone communication with simple
! appliance can be had with the shore
by a vessel many miles at sea without
any direct metal connection nearer
| than several hundred feet from the
! vessel.
The year has been of unusual inter-
est and Importance to the United States
REVENUE CUTTER SERVICE.
1t has performed special services OF
| a CONSPICUOUS nature. Among these are
! noted the search for the 'Ivanhoe, -
( supposed to have foundered on the 2Sth
of September last, off Cape Flattery
on the Pacific, in which three of the
vessels, viz, Grant Rush and
"Corwin" joined. In its winter cruis-
ing operations during the unusually
I =
rendered services to distressed shipping
of more than ordinary value and i'm.
portance. The Dallas alone assisted
during the month of February twenty
vessels imperiled by ice, and during tht
month of March twenty-three. While
the Crawford rendered a like service
to fifteen during the former month
The Morrill, and McLane have beer
vigilant along the coast of Florida il
| repressing smuggling and preventing
the violation of our neutrality obliga
TONS by sympathiZers of the Cuban re
volt.
Six vessels have been manned anC
fully equipped and dispatched to tn,
Bering sea to protect the seal herd
and the government interests in AlaSk;
and the seal islands. The new steame
Window under course of construc
ton at the beginning of the year, ha
been so far advanced as to be prac
tically completed. Two steam launche
are being built for duty on Puget SounC
and one for the lower Savannah river
Contracts have been awarded for tn
construction Of two new steamers o
upwards of 900 tons each, which, whel
completed, will be the finest vessels II
the service. Much new legisla ton ha
been secured for the betterment of TIL
service. One new vessel of the frs
class. to cost s2e0,o0o, and one harbo