The times. [volume] (Richmond, Va.) 1890-1903, 1896-12-08

| has been left undonc 10 protect American
missionaries there. and that the govern
ment will relax none OF its efforts.
Tho Venezuelan dispute IL dismissed
| with the pleasing announcement that 1t
has been settled.
In government finances. the President
tells US that for the fiscal year ended
June 80. 1896. the receipts OF the govern
mont were si09 f75.fOs. and expenditures,
si2f.67S 6a.
The ordinary expenditures during the
year were sOl5. SJ2.H less than during the
preceding fiscal year. or the receipts
mentioned. there was derived from sue
toms the sum Of sleo.o2i75i61 and from
internal revenue. Sli6sS0,Gi5G6.
The receipts from customs show an
Increase OF s7.ss3.l3i22 over those from
tho same source for the fiscal year ended
June 30. 1895. and the receipts from IN
tcrnal revenue an increase OF S5H,o5nn
The value OF our imported dutiable mer-
chandse during the last fiscal year was
1869. 75i. 40. and the value OF free goods
imported. si09. 967. 40, being an increase Of
S6.523675 in the value OF dutable goods
and 81. 932 03i in the value Of free goods
over the preceding year. our exports
Of merchandise. foreign and domestic
amounted in value to sSs2,GO5.eS'. being
an increase over the preceding year OF
S75OCS.773 The average al valorem duty
paid on dutiablc goods imported during the
year was 1924 per cent. and on free and
dutlable goods taken together 2O.55 per
cent.
The total production Of distilled spirits.
exclusive Of fruit brandes, was S55'S.'0S
taxable gallons. being an increase OF $685.
JOS gallons over the preceding year. There
was also an increase Of 1895 gallons
Of spirits produced from fruit as COM
pared with the preceding year. The num-
Der OF barrels OF beer produced was &c.
SJ9.2JJ as against SO, 569,7H produced in the
preceding fiscal year. being an increase
Of 226s iCG barrels.
The total amount OF gold exported dur
ing the last fiscal year was SIP ,@7, and
OF silver. se0.5i1.G7O. being an increase Of
Si5.9i i5G Of gold and SlS,2i6,3I Of silver
over the expectations OF the preceding
fiscal year The imports Of gold were
SsS.525 O65. and OF silver $2S.77IlS6, being
50. .e95 less Of gold and Ss.5G6oO1 more
Of silver than during the preceding
year.
The total stock Of metallic money IN
the United States at the close Of the
last fiscal year. ended on the 30th day
OF June. 1895. was Slips. 1926. O35. Of which
$500 J97 .94 was in gold and S62S, 72S,Od in
silver.
on the 1st day or November 1896, the
total stock Of money Of all kinds in the
country was S2.2S5,4lO,590. and the amount
in circulation. not including that in the
Treasury holdings. was sl.G27 O55 gu, being
s22.eS per capita upon an estimated popu-
lation OF 100000.
Tho total coinage at the minis OF the
United States during the fiscal year end
cd June 80, 1896. amounted 10 S1lSSi6S
of which s5S.S7s 400 was in gold coins
and $12.309.9s7.52 in standard silver dol
lars, subsidiary coins, and minor coins.
As TO national banks. the President says
that there are 3.679 such banks in opera
ton having Authorized capital stock Of
sC5O0l4. S95 held by 2sS,9O2 shareholders.
and circulating notes amounting to S2ll,-
1890
The total outstanding circulating notes
Of all natiCral banks on the olst day Of
October 1896 amounted TO S234533S01, in
Guiding unrodoomed but fully secured
notes Of banks insolyent and in process
Of liquidation. The increase in national
bank circulation during the year ending
on that day was s2l,O99i29. On October
c. 1896. when the condition Of national
banks was last reported. tho total re-
sources Of tho 1868 active institutions was
81. 2c3. Gs5. 3i3.S3. which included $1S93.26S
S993l. in loans and discounts. and, $362,-
10. 1850 in money Of all kinds on hand.
OF their liabilities 1857. N9l .0j3 was due TO
individual depositors and $2099HOl9 con-
sisted Of outstanding circulating notes.
Twcnty-eght national banks were or
eanized during the year. thirty-seven such
banks voluntarily abandoned their char
tiers. and in the case Of twenty-eight 9TH
ors. receivers were appointed.
The number Of immigrants arriving in
the United States during the fiscal year
was 1897. Of whom 3io46S were per-
mittod to land and 300 were dcbarrod.
The President speaks in high terms Of
the llfc-saving service and shows that
during the past year there were 437 dis
astors and that of 460S persons on board
the vessels all but 10 were saved
In reviewing the work Of the Post-Of-
fee Department. he says. that ours is
the best service in the world but that
its privileges as 10 the transmission of
socond-class matter have been greatly
abused and recommends that measures
he taken to check the abuse.
The President believes more than over
in civil service reform. and says that 1t
has survived the doubts Of its friends
and the rancor Of its enemies There
are now in the competitive classified ser
vice upward Of $4,000 places. He thinks
that fourth-class postmasterships should
be included in the civl-sorvice list and
II not. he recommends that in proper
cases these post-ofiices shall be consoli-
dated.
The President deplores the fact that
the pension system has been abused.
there having been during the year $50
.-,t.4...-.... ,,.fti. 1f4 convictions FOR ViO-