The Washburn leader. [volume] (Washburn, McLean County, N.D.) 1890-1986, 1897-01-02
THE CoUNTRY's FINANCES.
Deficit During the Year of over
TWENTY-FIVE Million Dollars.

TWenty-nve Million DOlAAES.
The secretary Of the treasury reports
that during the fiscal year ended June 30,
1876, the receipts of the government from
all sources amounted to S4U9, 41o, 4OS. During
the same period its expenditures were S454'-
67S, 6544S, the excess of expenditures over
receipts thus amounting to S2I,2H5. 2.4'.'o.
The ordinary expenditures during the year
were S4,O15, S52.21 less than during the pre-
ceding fiscal year. OF the receipts men,
toned. there was derived from customs the
sum Of $1SOO21, 751.67, and from internal
revenue STAG $50, CISCO. The receipts from
customs show an increase of S1,S63. l34.222
over those from the same source for the
fiscal year ending June so, 1895. and the re.
ccipts from internal revenue, an increase OF
50, 5S4, 537.91.
The value of our imported dutiable mer-
chandise during the last fiscal year was
S369, 757, 40. and the value of free goods I'M
ported $4H9,967.470 heng an increase Of
SIG, :5J23 675 in the value of dutiabe goods and
Sal ,2231 ,O34 in the value of free goods over
the preceding year. Our exports of m"r-
chandise, foreign and domestic. amounted
in value to SSS2. .!s}S. being an increase
over the preceding year Of $75,06S, I13. The
average ad valorum duty paid on dutiable
goods imported during the year was 39.!4
per cent and on free and dutiable goods
taken together 2O.5o per cent. The cost of
collecting our internal revenue was 2.1S per
cent. as against Isl per cent for the fiscal
year ending June 30, 1895. The total produc-
tion Of distilled spirits, exclusive of fruit
brandies was SS.5SS, FOB taxable gallons. be-
ing an increase Of $3.50, los gallons over the
preceding year. There was also an increase
of I. 443.676 gollons Of spirits, produced from
fruit, as compared with the preceding year.
The number Of barrels Of beer produced
was 35,S59.250. as against 335S9,1S4 pro-
duced in the preceding fiscal year, being an
increase of 2,269, 466 barrels.
The total amount of gold exported during
the last fiscal year was $112, 409,947 and of
silver $50, 541 go, an increase of S45.g41, 46j
of gold and $13. DAG. 3S4 Of silver over the eX-
portations of the preceding fiscal year. The
imports of gold We're $3.50 ,O65 and of sill
YER $2s,777.1S6 being S2S59, 695 less of gold,
and $S,568,O07 more Of silver than during
the preceding year. The total stock of met
allie money in the United States ut the close
of the last fiscal year. ended on the Both
day of June. 1896, was SIPS, 326, O35. of
which $599, .964 was in gold, and $685.
72SO71 in silver.
On the first day of November. 1896. the
total stock of money Of all kinds in the ooun
cry was S2S5, 400 and the amount in
circulation not including that in the treas.
ury holdings was S1.627 ,O55.641, being
SOD 63 per capita upon an estimated popul:-
ton of 71,902,OOO.
The production of the precious metals In
the United States during the calendar year
1895 is estimated to have been 2,254. 76O
fine ounces of gold of the value of S46t61O.-
ono and 10 727 900 fine ounces of silver of the
commercial value of $50. $4,000 and the coin
age value of $72,O51 900. The estimated pro-
duction Of these metals throughout the
world during the same period was 9.6SS S21
fine ounces of gold. amounting to S2OO,22S:,-
700 in value. and 1863. $50. 249 fine ounces of
silver of the commercial value Of S11O.G54.-
90 and of the coinage value of S21S, TBS, 100
according to our ratio The coinage of
those metals in the various countries of the
world during the same calendar year
amounted to $232, 7O1 ,43S in gold and $12I,-
6,219 in silver.
The total coinage Of. the minis of the
United States during the fiscal year ended
June so. 1885, amounted to S1I. 1SS, 1882, of
which 53s.s7s, 400 was in gold coin and $12.-
3O9,973.52 in standard silver dollars, SUBJ
sidiary coins and minor coins. The number
Of national banks organized from the time
the law authorizing their creation was pass
ed up to Oct 81. 1896 was 5,O51, and of this
number 1919 We're at the date last men,
toned in active operation, having author
lied capital stock of $3.50, Ola, S95, held NV
2SS,9O2 shareholders. and circulating notes
amounting to S211 ,412.G2O.
The total outstanding circulating notes of
all national banks on the 31st dir of Octo.
Der, 1896. amounted to S234, 553. SO7, includ-
ing unredeemed but fully secured notes of
banks insolvent and in process of liquida-
ton. The increase of national bank circula-
ton during the year ending on that day was
$21 ,O03,429. On Oct. 9. 1885, when the con-
dition Of natianal banks was last reported,
the total resources of the 1863 active in
situations was $3,-os, GS5, 313.S3, which in
cluded $1,S93. 2GS. s39.31 In loans and dis
counts aud $780,, 16;', 1885 in money of all
kinds on hand. OF their liabilities. $1.l97.-
f1,,n to f,,xYi
and S209.944.O19 consisted Of outstanding
circulating notes,