The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1896-12-17

f-NfN-e ~ ~ AdA az l4dNtANdDlt. Out
I while such seemed to be the origina
policy Of the Spanish Government, i
has now apparently abandoned it anC
Is acting upon the same theory as tia
insurgents, namely, that the exigencle
OF the contest require the wholesal,
destruction of property that it may no
prove of any use and advantage to tn,
enemy.
CUBA'S VALUE DECREASING.
1t is to the same end that in pur
suance of general orders Spanish garri
! SONS are now being withdrawn from
plantations and the rural population
} required to concentrate itself in the
towns. The sure result would seem
to be that the industrial value of the
: island is fast diminishing, and that
unless there is a speedy and radical
change in existing conditions it will
soon disappear altogether. That value
: consists very largely, of course, in its
capacity to produce sugar, a capacity
already much reduced by the Interrupt
lions to tilage which have taken place
during the last two years. 1t is reliably
asserted that should these interruptions
continue during the current year and
practically extend, las is now threatened,
to the entire sugar producing territory
OF the island, SO much time and so
much money will be required to Ie-
store the land to its normal productive
ness that it is extremely doubtful if
capital can be induced to even make
the attempt.
The spectacle of the utter ruin of an
adjoining country, by nature one of
the most fertile and charming ON the
whole globe, would engage the serious
attention of the Government and the
people of the United States in any cir
cumstances. In point of fact, they
have a concern with it which is by
no means of wholly sentimental or
philanthropic character. 1t lies so
near to us as to be hardly separated
from our territory.
WE DON'T WANT CUBA.
Whatever circumstances may arise
our policy and our interest would con-
strain us to object to the acquisition of
the island or an interference with its
control by any other power.
1t should be added that it cannot be
reasonably assumed that the hitherto
expeetant attitude of the United States
will he indefinitely maintained. While
we are anxious to accord all due respect
to the sovereignty of Spain, we cannot
view the pending conflict in all its feat
ures and properly apprehend our newt
ably close relations to it and its possible
results without considering that by the
course of events we may be drawn into
such an unusual and unprecedented
condition as will fix limit to our
patient waiting for Spain to end the
contest, either alone and in her own
way or with our friendly cooperation.
When the inability of Spain to deal
successfully with the insurgents has
become manifest and it is demon
strated that her sovereignty is extinct
in Cuba for all purposes of its rightful
existence, and when hopeless strug-
gle for its establishment has degen-
Grated into a strife which means moth
ing more than the useless sacrifice of
human life and the utter destruction of
the very subject matter of the conflict,
a situation will be presented in which
our obligations to the sovereignty of
Spain will be superseded by higher
obligations which we can hardly hest
tate to recognize and discharge.
GOVERNMENTAL FINANCES.
The Secretary of the Treasury re-
ports that during the fiscal year ended
June 80. 1896, the receipts of the Gov
eminent from all sources amounted to
$409, 475, 408.7S. During the same
period ITS expenditures were $434, 67S,-
654.4S, the excess of expenditures over
receipts thus amounting to $25, 203,-
245.70. The ordinary expenditures
during the year were $4,0l5,S52.21
less than during the preceding fiscal
year. OF the receipts mentioned there |
was derived from customs the sum of |
$3.50, 021 .751.67, and from internal
revenue SAG, $50, G15.66. The receipts
from customs show an increase of
81, 1868, 34.22 over those from the same |
source for the fiscal year ending June
80. 1895, and the receipts from inter-
nal revenue an increase of $3,5S4,-
537.91.
TOTAL AMOUNT OF MONEY.
On the LIST day of November, 1896,
the total stock of money of all kin DIS
in the country was SO, 2S5, 41O, 500, and
the amount in circulation, not includ-
ing that i'll the Treasury holdings, was
Sl.627, 055,641, being $22.63 per
capita upon an estimated population
of II 1902, 900. The production of the
precious metals in the United States
during the calendar year 1895 is esti-
mated to have been 9,254, 760 fine
ounces of gold of the value of SAG, 61O,-
900, and 90, 727 900 fine ounces of sill.
yer of the commercial value of $780,
1896 and the coinage value of $72,-
O51 900. The estimated production
of these metals throughout the world
during the same period was 9,6SS, 1921
fine ounces of gold, amounting to
5000, 2S5, 200 in value, and 1863, 1S9, 294
fine ounces of silver of the commercial
value of $l10,654 900 and of the COIN
age value of S2lS, 1888, 100 according to
our ratio.
The coinage of these metals in the
various countries of the world during
the same calendar year amounted to
$3.50, FOL ,43S in gold and 1921 1896, 219
in silver.
The total coinage of the minis of the
United States during the fiscal year
ended June 30. 1896, amounted to
S72, 1SS, 1852, of which $5S. S7S. 400
was in gold coin and minor coins. The
number of national banks organized
from Tho ti,.,a 4l.o lnxuL ...4l...s.:..e. |