The Democratic advocate., 1896-12-12
THE FINANCEER.
President Cleveland Gives a Sum-
mary of the Receipts and Ex-
Banking Reports.
From the Presidents Message.

From the Presidents Message
The Secretary Of the Treasury reports that
during the fiscal year ended June 80, 1896,
the receipts of the Government from all
sources amounted to $409, ,475, ,40S.TS. Dur
ing the same period its expenditures were
$434, ,67S, ,654. 48, the excess of expenditures
over receipts thus amounting to So, ,203, 245.-
20. The ordinary expenditures during the
year were 81, OLE, 1921 less than during the
preceding fiscal year. OF the receipts mem
TONED there were derived from customs the
sum of S160, ,02l, 751.67 and from internal
revenue STAG, $3.50, ,615.66. The receipts from
customs show an increase of 81, 1868, y
over those from the same source for the hseal
wear ended June 80, 1885, and the receipts
from internal revenue an increase OF 81, 5S4,-
537.91.
The value of our imported dutiable mer-
chaudise during the last fiscal year was $685.
757. 40, and the value of free goods imported
$409, 967 40, being an increase OF 81, 523, 90
in the value of dutiable goods and SAL, ,23l o54
in the value of free goods over the preceding
wear. And exports of merchandise, foreign
and domestic, amounted in value 10 $751;
6OG. 93S, being an increase over the preceding
wear of S75, ,O6S, ,773. The average ad valorem
duty paid on dutiable goods imported during
the year was 80. "a per cent. and on tree and
dutiable goods taken together 20.55 per cent
The cost of collecting our internal revenue
was 2.78 per cent, as against 2ol per cent.
for the fiscal year ended June 80, 1895. The
total production of distilled spirits, exclusive
of fruit brand, was sc, ,588, 703 taxable gallons,
being an increase of 6,639, 108 gallons over
the preceding year. There was also an in
crease of !, ,443, $40 gallens OF spirits produced
from fruit, as compared with the preceding
year. The number of barrels of beer pro
o.
produced in the preceding fiscal year, being
an increase of z, 269, 46G barrels.
GOLD EXPORTS.
The total amount of gold exported during
the last fiscal year was SIP, 400. .94T, and OF
silver $50, ,541 $40, being an increase Of S45,-
"a, 1866 of gold and Sl3, ,246, 1884 of silver over
the expectations of the preceding year The
imports of gold were S33, ,525, ,065 and of silver
S28, III, 1885, being 81, S59,695 less of gold,
and SIS, 566, ,O07 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 Both day of June.
1896, was 81 ,228, ,326, ,035, of which $599, ,597,-
964 was in gold and S62S, 72S,07l i'll silver.
CIRCULATION.
On the 1st day of November, 1896. the
total stock of money of all kinds in the coun-
try was s., 2S5, ,41O $50, and the amount i'll
holdings. was 1,627 ,055, ,64l, being s22.6
per capita upon an estimated population of
l,g02, 900.
PRODUCTION OF PRECIOUS METALS.
The production of the precious metals IN
the United States during the calendar year
1895 is estimated to have been 2,254, go line
ounces of gold of the value Of SAG, 100000, and
SO, ,727 900 fine ounces of silver OF the COM
mercial value of $36, AS, 200 and the coinage
value of S72, ,051 900.
The estimated production of these metals
throughout the world during the same period
was 1858, ,S2l fine ounces of gold, amounting
to $500, ,2S5, 700 in value, and 1863, lS9, 2i9 hne
ounces of silver Of the commercial value OF
SlI0, ,654 900 and of the coinage value of
$21S, 1873, 100, according to our ratio. The
coinage of these metals in the various countries
of the world during the same calendar year
amounted to S232, 70l ,4lS in gold aud Sl2l,-
996, 219 in silver
COINAGE.
The total coinage at the mints of the United
States during the fiscal year ended June 30,
1896, amounted to $71, 1SS, 1882, of which
$58, SIS. .490 was in gold coins and Sl2, ,309,-
97s. 50 in standard silver dollars, subsidiary
coins and minor coins.
NATIONAL. BANKS.
The number of national banks organized
from the time the law authorizing their crea-
| ton was passed up to October 81, 1896, wss
| 505l, and of this number 3679 were at the
date last mentioned in active operation, hay
| ing authorized capital stock of $3.50, 0,0l4, 1876,
| held by 2SS, ,902 shareholders, and circulating
notes amounting to S2l1, ,412, $40. The total
outstanding circulating notes of all national
banks on the 31st day of October, 1896,
amounted to 1924, ,553, ,S07, including unre-
| deemed, but fully secured notes of banks in
solvent and in process of liquidation. The
| increase in national bank circulation during
the year ending on that day was S2l ,099, ,429
| On October 6, 1896, when the condition of
national banks was last reported, the total
resources of the 3679 active institutions were
| So, ,263, ,6S5, ,3l3 SO, which included 81 1898,
| 268. .S39.3l in loans and discounts and
1862, l65, 1885 in money of all kinds on
hand. Of their liabilities 81, ,597, 1891, ,05S. 03
was due to individual depositors and $780,
944, ,Ol9 consisted of outstanding circulating
notes.
There were organized during the year pre-
ceding the date last mentioned % national
banks, located in Is States, of which II were
organized in the Eastern States with capital
| of 81, ,lS0, 900, 6 in the Western States with
capital of 1871, 900, and 10 in the Southern
States with capital of S1,l90,000. During
the year, however, 81 banks voluntarily aban-
doned their franchises under the national law,
and in the case of q others it was found
necessary to appoint receivers. Therefore,
as compared with the year preceding, there
was decrease of SO in the number of active
bands The number of existing banks organ
| lied under State laws is 5T0S.
|