Evening star., 1896-12-07
THE BERING SEA.
THE NATIONAL FINANCES.

threatened extinction of seal life in .he
northern Pacific and BeriHg sea.
THE NATIONAL FINANCES.
The Secretary of the Treasury reports
that during the fiscal year ended June ~.
1886, the receipts of the government from
all sources amounted to $In9 9i1a. .4os.Ts.
During the same period its expenditures
were $i3i ,61S G5i.is, the excess of eXpenGi-
lures over receipts thus amounting to S,J,-
203 2ij.1o.
The ordinary expenditures during the
year We're SIola.S.,2.21 less than during the
preceding fiscal year. OF the receipts men
TONED there was derived from customs
the sLm of sl6o.0:1, 15l.G7. and from in
tcrnal revenue $l4G, Sso, ,GIJGG. The re-
ceipts from customs show increase of
$I,s63, 13422 over those from the same
source for the fiscal year ended June -.
1885,, and the receipts from internal revenue
an increase of s;,5S4,5 53791.
The value of our imported dutiable mer-
ohardise during the last fiscal year was
S5ea. 757, 40 and the value of free goods i'm
ported. s4D,9G1, 40 being al increase Of
s6,523.615 in the value of dutiahle goods,
and S41, ,23l .c34 in the value Of free goods
over the preceding year. and our exports
a. merchandise, foreign and domestic,
amounted in value to SSS2 GG!S being an
increase over the preceding year of $17l.-
0GS,113. The average dd valorem duty paid
on iutiable goods imported during The year
was 39.9i per cent, and on free and dutlabie
ecods taken together, 20.o5 per cent.
The cost of collecting our internal rev.
enue was 2.7S per cent. as against Isl per
cent for the fiscal year ending June q"
1880 The total production Of distilled
spirits exclusive of fruit brandies, was
81: 5SS Ta3 taxable gallons. being in
crease of 6,S39. gallons over the pre-
ceGi year There was also all increase
of 14fi.G16 gallons of spirits, produced
from fruit as compared with the preceding
year. The number of barrels of beer pro-
duced was 35.Sa,2Ia as against 's'.'S'.1Nl
produced in the preceding fiscal year, hcirg
an increase of 2,263, i66 barrels.
The total amount of gold exported during
the last fiscal year was s1l2, ,i,:9,ai7, and of
silver sGo, ,5il $50, being an increase of Si',-
9l1, ,4GG of gold and Sl3,aaG,3Si of silver
over the eXportaticns of the preceding fis-
cal year. The imports of gold were SD,
30, ,oG5 and of silver s2S,177,ISG being ST.,
S:5o,G95 less of gold and $S.iei5.c61 more of
silver than during the preceding year.
The total stock of metallic money i'm the
United States at the close of the last tiso al
was 81, ,22S 500 03j. of which 500, ,591 1854 was
in gold and SOS, 72S.o71 in silver.
On the 1st day of November, 1896, the to-
tai stock of money of all kinds in the coun-
try was S2,2S5, 410,5o0, ard the amount in
circulation. not including that in the treas
ury holdings, was $l,621, ,o:,,,6il, being
SD 63 per CAPITA upon an estimated pop
ulation of Il $4,000.
the production of the precious metals in
the United States during the calendar year
1895 is estimated to have been .25i 400
ounces of gold, of the value of SiG,Gioup"
and ~, I21Uo fine ounces of silver of the
commercial value of S;ji.ii5.n00, and the
coinage vaiue of $12,ool .otst. The estimated
production of these metals throughout the
world during the same period was %.6SS S-l
fine ounces of gold, amounting TO 500. .nN5-
80 in value, and 1G', lS9,2la fire ounces Of
silver, of the commercial value OF $l1o.t5i.-
coo, and of the coinage value of S2lS. 7:>. lt,u
according TO our ratio.
The coinage of these metals in the va
rious countries of the world during the
same calendar year amounted to ST. 1u1.-
i:iS in gold and S121 ,99;.219 I'm silver
The total coinage at the mnts of the
United States during the fiscal year ended
June 80. 1896, amounted to 7l,1sS I6s52. of
-.
3o9,97S52 in standard silver dollars, subsid-
iary coins and minor coins.
The number of national banks organized
from the time the law authorizing their
creation was passed up to October 81. lSat
was 5,o51, and of this number a,61g were al
the date last mentioned in active operation.
having authorized capital stock of $3.50
O14,S95 held by 2SS,902 shareholders ana
circulating notes amounting to soIliI26.a
The total outstanding circulating notes Of
all national banks on the 3Ist day of oc-
tober, 1896. amounted 10 s234, ,533 SoT, includ-
ing unredeemed but fully secured, notes cf
banks insolvent and in process of Iiauida-
tion. The increase in national bank ciic.-
lation during the year ending on that GaN
was s21 .Gs'. .42l. On October C. lSac. when
the condition of ne .icnal banks was las,
reported, the total resources of the 3G1.
active institutions was S32a; .;Sl BIZ ~
which included sl.S?3, 2dS, Ssa.3l in loans and
discounts and s362, l65, 72:;S5 in money Of
all kinds on hand. OF their liabilities 81
59i .S?l .O53.03 was due to individual deposit
ors and ss9,94iol9 consisted of outstanl-
ing circulating notes.
There were organized during the year
preceding the date last mentioned twenty
eight national hanks located in fifteen
states, of which twelve were organized in
the eastern states, with capital of ST.
10000; six in the western states, nitr ii
capital of sS75,O0o and ten IN the acu h.
ern states, with a capital of 81 lgiW,o
During the year, however thir:y-scy.n
banks voluntarily abandoned their fran
chises under the national law, and in The
case of twenty-seven others il was found
necessary to appoint receivers.
Therefore, as compared with the year