River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1896-12-10

that this government has hoped to discover
composing the presen- strife, with honor
and advantage @ Spain and with tho
achievement of all the reasonable objects
of the Instruction. IL would seem that
~ Spain should offer 10 Cuba genuine
autonomy-a measure of home rule which.
while preserving the sovereignty OF Spain,
would satisfy ali rational requirements Of
her Spanish subjects-there should be no
Just reason why the pacitication Of the
island might not be effected on that basis.
objections Answered.
II has been objected on the one side that
Spain should not promise autonomy until
arms; on the other side, that promised an
tonomy. however liberal, is insufficient. be-
cause without assurance OF the promise be-
ing fulfilled, but the reasonableness Of re-
quirement by Spain. of unconditional sur
render on the part Of the insurEent Cubans
before their autonomy Is conceded, IS not
altogether apparent 1t ignores important
features of the situation--the stability of
two years duration has given to the IN
surrection the feasibility Of its indefinite
prolongation In the nature of things.
and as shown by past experience, the
utter and imminent ruin OF the island, I'M
less the present strife is speedily composed;
above all, the rank abuses which all par
ties in Spain, all branches Of her govern
Cede TO exist and profess a desire TO re-
move. Facing such circumstances to With
hold the proffer of needed reforms until
the parties demanding them put them
selves at mercy by throwing down their
arms has the appearance OF neg ing the
gravest Of perils and inviting suspicion as
TO the sincerity OF any professed willingness
10 grant reforms
The objection on behalf of the Insurgents
that proposed reforms cannot be relied
upon--rnust of course be considered, though
we have no right to assume and no reason
for assuming that anything Spain under
be done according TO both the spirit and
the letter Of the undertaking.
offered Que services.
Nevertheless, realizing that suspicious
q md h.l nrf - "a
er of two comba tants are always natural
and not always MISUNDERSTANDING sin
cerely DESTROYS In the interest of both, as
/ well as on its own account that the Cuban
/ problem should be solved with The least
I possible delay, II was intimated by this
government 10 the government OF Spain
/ some months ago that. II satisfactory
/ measure OF home rule were rendered the
| Cuban insurgents, and would be accepted
/ by them upon guaranty OF its execution,
4 the United States would endeaVor TO iini
/ a way not Objectionable 70 Spain OF fur-
I nishing such guaranty. While no definite
l response to this intimation has yet been
/ received from the Spanish government, Il
is believed to be not altogether unweicome
A Limi, to Our Patience.
Whatever circumstances may arise, cur
\ policy and our interests would constrain US
/ TO object 10 The acquisition of The island or
other power IL should be added thar Il
| cannot be reasonably assumed that the
1 hitherto eXpectant alutuos OF me United
| While we are anxious TO accord all due re-
spect to the sovereignty OF Spain, we can
/ not view the pending conflict In all its
I features and properly apprehend our IN
4 evitably close relations to 1t and It's pos
/ siole results without considering that by
| the course of events we may be drawn Into
/ such an unusual and unprecedented con-
ditfon as will fix a limit 10 our patient
\ waiting for Spain TO end the contest, either
I alone and IN her own way, or with our
4 friendly cooperation.
! Deferring the choice OF ways ard meth
I DDS until the time for action arrives, we
/ should make them depend upon the pre-
/ else conditions then existing; and they
| should not be determined upon without
giving careful heed to every consideration
! Involving our honor and interest, or the
I international duty we owe to Srain. until
/ the situation is by other Incidents impera-
I lively changed, we should continue In the
| in ali circumstances exhibiting our obedi-
/ ence to the requirements of public law and
| our regard for the duty enjoined upon us
/ by the position We occupy IN the family of
nations.
Venezuelan Question.
The Venezuelan boundary question haA
| ceased to be matter of difference between
/ Great Britain and the United States, their
/ respective governments having agreed
upon the substantial provisions OF a treaty
| between Great Britain and Venezuela, sub
/ uniting the whole controversy to arbitra-
I tion. The provisions OF the treaty are so
/ eminently just and fair, that the assent of
Venezuela thereto may confidently be an
/ ticipated.
/ General Arbitration with Great Brita N.
Negotiations for treaty Of general ar
hitration for all differences between Great
vanced, and promise to reach successful
consummation at an early date.
Our Finances.
The secretary of the treasury reports
that during the fiscal year ended June 80.
I 1896 the receipts of the government from
all sources amounted to 500, 475,40S.7 Dur
/ ing the same period its expenditures were
| $lSl. SIS, 6j4.4s, the excess of expenditures
/ over receipts amounting TO s25,20S, 245. 20.
The ordinary expenditures during the year
were S4,0l5,S52.2l less than during the pre-
| cedinS fiscal year. OF the receipts mcn-
toned. there were derived from customs
/ the sum Of slse,o2l ct and from internal
revenue $l46, 0.6l5.66 The receipts from
| customs show an Increase of S,S63, 1874. -
over those from the same ~ go source FOR the
| ceipts from internal revenue an increase of
! 1854. ST.. 81.
Imports and Exports.
The value of our imported dutiable mer-
/ chandlse during the last fiscal year Mas
/ 1863, 757 ,i10, and the value of free goods inn
| ported S40y, 7,47o, being an increase of &c.
| 81, 2sl ,0Si in the value of free goods over
| the preceding year. Our exports of mer-
in Value to sss2 COS 80. ass, being an increase
over the preceding year of $75,o6S.TT3. The
average ad yalorem duty paid on dutiable
| per cent. and on free and dutiable goods
taken together 2o.55 per cent.
Movement of Metallic Money.
| Inc tokul amount OF SOiu exporter CURING
! the last fiscal year was sll2, 4o99l7 and Of
9ii, ie6 Of gold, and SiS2i6.SSi Of silver Over
the expectations of the preceding fiscal
year. The imports of gold were SSj, 525, UG5.
/ and of silver S2S.1lllS6, being S2,S59.6y5 less
of gold, and sS,566,007 more of silver than
during the preceding year. The total stock
/ Of metallic money In the United States AZ
the close of the last fiscal year ended on
| oSS, Of which S5gs, 597, S6i was in gold. ana
s62S. 72s.o7l in silver.
Per Capita Circulation of s22.83.
/ on the first day of November 1896, the
| total stock of money of all kinds in the
/ In circulation, not including that in the
| treasury holdings, was s1.s27 o55.6ll, being
so. 63 per capita, upon an estimated popula-
/ ton of 1l.902.000.
Production of Precious Metals.
! The production of the precious metals In
/ the United States during the calendar year
/ ISl5 is estimated to have been 2,25i, 100 fine
| ounces of gold. of the value of s46,5l0000,
| and 55,727 600 fine ounces of silver, of the
/ commercial value of 1854 600 and the coin
/ age value of SI2,05l, 600.
! The estimated production of these metals
] throughout the world during the same pc
a a2e to 500. 2S5.7oo in Value. and iss'
/ 1929 fine ounces of silver, OF the CONNER
/ cial value of sll0,e5iOOO and of the coinage
/ value of S2lS,13S,lO according TO our ratio.
/ National Banks.
The number of national banks organized
from the time the law authorizing then
creation was passed, up TO October 81, 1896,
/ was 5,051, and of this number 3,31Y were az
/ the date last mentioned In active onera-
/ ticn. having authorized capital stock OF
! 1864. 0l4 S95, held by 2SS902 shareholders, ana
| circulating notes amounting to S2ll $50.
The total outstanding circula ting notes OF
all national banks on the 3ist day OF DC
tober, 1896, amounted to 1874. 500. Sg7 includ-
/ ing unredeemed, but fully secured notes
/ OF banks insolyent and i'm process of liqu!-
( dation. The increase in national bank cir
culation during the year ending on that
/ day was S2l 099,429. On October s, 1896 when
1 the condition OF national banks was last
| reported, the total resources of the 36l9
" hIch included 81, 1893, 2Gs, 500 0S In loans and
| discounts and $362, 49,, 1885 in money of all
kinds on hand Of their liabilities Sl,59l
I Sq1 O5s. 0S was due to Individual depositors
/ and S209. 94i.0l9 consisted or outstanding cir
| cuiating notes There were organized dur
| ing the year preceding the date last mem
/ toned . national banks, located in u
/ states, OF which IL were organized In the
eastern states with n capital of S,lSoOO0.
six in the western states with a capital OF
! 1915, 0se and ten in the southern states with
4 a capital of 81, 10000. During the year,
/ however. 81 banks voluntarily abandoned
/ their franchises under the national law,
! and In tile case Of q others IL was found
4 necessary to appoint receivers. therefore.
as compared with the year preceding, there
active hanks. The number of existing
] Lenks organized under state laws Is
I 5,Ios.
Immigration.
The number of immigrants arriving In
: The United States during the fiscal year was
Ss2.267, of whom 3+O,46s were permitted 10
/ land, and 2.7g9 were debarred on various
/ grounds prescribed by law, and returned
/ to the countries whence they came, at the
Of IA eft