Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-12-08
life In the Northern Pacific Ocean and
Boring Sea.
GOVERNMENT FINANCES

that during the fiscal year ended June ~,
1896 the receipts OF tho government from
all sources amounted TO si0s.455, i0s.7S.
During the same period its expenditures
were siS4. 6;S. s5a4s the excess OF expendi-
lures over receipts thus amounting TO
SIS. zoo. 2i5.70 The ordinary expenditures
during the year were si,0l5s 52.2 less than
during the preceding fiscal year. or the
receipts mentioned there was derived from
customs the sum OF $l60. 02l ,75l.6s, and from
| internal revenue S1i6. SSO6l5.66.
The receipts from customs show an In
crease OF 1885,. l3i.22 over those from the
same source for the fiscal year ended
| juno 80 1895, and the receipts from IN
ternal revenue an increase Of $3.5H,5Nsl.
The value of our imported dutiable mer-
chandse during the last fiscal year Was
1863. 757 40. and the value Of free goods I'M
ported sos, 967.470. being an Increase OF
| Sc. 5Z3675 In the value OF dutiaDic goods
and of $fI 231. 03i in the value OF free
goods over the preceding year. our eA-
ports Of merchandise, foreign and domes
tic. amounted IN value to SS2.Go6,9SS. being
an increase over the preceding year OF
| $75. 06S.17S. The average ad va!orem duty
paid on dutiable goods imported during
the year was 1894 per cent. and on Tree
and dutiabe goods taken together 700
per cent.
The cost OF collecting our internal reve-
nue. was 2.7s per cent. as against 2l per
cent for the fiscal year ending June 81
1895. The total production Of distilled
spirits. exclusive OF fruit brandies, was
81. 5SS. 7O3 taxable gallons. being an increase
of 6.6S9l0S gallons over the preceding
year. There was also an increase OF
l.44S.676 gallons OF spirits produced from
fruit as compared with the precedlhs
year. The number Of barrels of beer
o~c o. net u
7S4 produced I'm the preceding fiscal year.
being an Increase of 2269. 466 barrels.
The total amount OF gold exported du-
ring the last fiscal year was Sl12.4O9,A',
and of silver sG0.5il $40. being an increase
of $i5. 81. 466 of gold and slS,2iG,SA Of silver
over the expectations Of the preceding
fiscal year. The imports Of gold were
ss3 sos 0G5 and Of silver s2S.777lS6. being
s.. S59. sos less Of gold and sS,5G5.o0 more OF
silver than during the preceding year.
STOCK OF MONEY.
The total stock ot metallic money in
the United States at the close of the last
fiscal year, ended on the 3Oth day OF
June. 1896, was SIPS, 326 OBS, OF which
$3.50. 597, 1854 was in gold and $62S 12S,0n in
silver.
On the LIST day Of November, 1886, the
total stock of money of all kinds in the
country was s., 2S5, 4lO59O. and the amount
i'm circulation. not including that in the
Treasury holdings. was 81 ,627, 0556il, being
S22.63 per capita upon an estimated popu-
lation of 1S02,0O0.
The production Of the precious metals
in the United States during the calendar
year 1895 is. estimated TO have been
2.25i.7 6O fine ounces Of gold Of the value
OF 100000, and IS, 600 fine ounces Of
silver, OF the commercial value Of 1885,
lna anss no val nf
The estimated production Of these metals
throughout the world during the same
period was 96S.SZl fine ounces OF gold,
amounting 10 500, 2Sj, 700 in value, and
1691Se,2l9 fine ounces Of silver, Of the
commercial value of s11O,654 900, and of the
coinage value of s2lS,7SS,l00, according 10
our ratio.
The coinage Of these metals in the
various countries of the world during the
same calendar year amounted to w.
7O1 .i3S in gold, and si21, .219 in silver
The total coinage at the minis Of the
United States during the fiscal year ended
June 80. 1896 amounted to S7l,lSS 1852
Of which S5S SIS, 49O was in gold coins and
SO. 800 1852 in standard silver dollars,
subsidiary coins, and minor coins.
THE NATIONAL BANKS.
The number Of national banks organized
from the time the law authorizing their
creation was passed up to October 81,
1886. was 5O51, and of this number 1873
were at the date last mentioned in active
operation, having authorized capital
stock of $3.50, Ol4, 500, held by 2S,902 share
holders. and circulating notes amounting
to S2ll 4l2.6D.
The total outstanding circulating notes
Of all national banks on the Slst day Of
October, 1896, amounted to 1924 $50, S01, in
oIu9fpo ,ruradaprna1 fully secured
notes of banks insolvent and in process
Of LIQUIDATION. The increase in national
bank circulation during the year ending
on that day was 81 ,099 429. On October
G. 1896 when the condition of national
banks was last reported. the total re-
sources of the 3.61g active institutions
were 1926, 6S 313.S, which included
81. s9S 26S $50 81 in loans and discounts. and
S3G2. lG5 7S3 s. in money of all kinds on
hand. OF their liabilities. 1857 SOL 052.S
was due to individual depositors, and
s2O9, 9i4 Ol9 consisted Of outstanding cir
culating notes.
There were organized during the year
preceding the date last mentioned
twenty-eight national banks. located in
fifteen States, OF which twelve were or
ganized in the Eastern States, with a
capital Of S1,1S0Oo0; six in the Western
States. with a capital of $4,000, and ten
81. $4,000 During the year, however
thirty-seven banks voluntarily abandoned
their franchises under the national law,
and in the case Of twenty-seven others
IL was found necessary to appoint re-
ceivers. Therefore. as compared with the
year preceding, there was decrease Of
thirty-six in the number Of active banks.
The number of existing banks organized
under State laws is sos.
IMMIGRATION.
The number of immigrants arriving in
the United States during the fiscal year
was 3iS 267, of whom $40. 46S were per-
mitted TO land, and 2,799 We're debarred on
various grounds prescribed by law and
returned to the countries whence they
came, at the expense OF the steam
ship Companies by which they were
brought in. The increase in immigration
over the preceding year amounted 10
Si731 1t is reported that with some ex-
ceptions the immigrants Of the past year
were Of a hardy laboring class, accus-
toned and able to earn a support
for themselves. and it Is estimated that
the money brought with them amounted
| to at least $5,0O0oOO though 1t was pro-
badly much in excess of that sum, since
only those having less than $50 are re-
| quired to disclose the exact amount and
| II Is known that many brought conside-
rable sums of money TO buy land and
| build homes.
Including all the immigrants arriving
who were over II years Of age, 2O3 per
| cent were illiterate, as against 2O.37 per
| cent of those Of that age arriving during
| the preceding fiscal year. The number OF
| immigrants over ia years old, the coun-
tries from which they came, and the per-
centage of iliterates among them. were
as follows: Italy. 57,5l5 with $3.50 per
cent: ireland. 81 400. with Z per cent
Russia, 35lSS, with ala per cent; Austria
| Hungary and its provinces, 57,053. with
1882 per cent; Germany. 25,SSi, with 2-96
| per cent, and Sweden, 1854, with Lie
Der cent, while from Portugal there