The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-12-07

and during the thirty DAYS prescribed in the
circular as the period for subscriptions there
were received 232, pa, of 500 and less, accom-
panied by full payment for the bonds. and
over $500, in sums greater than 500, ac-
companled in each instance by deposit OF
per cent OF the amount SUBSCRIBED. me
total of subscriptions of $500 and less was
500. $50 and the total in greater amounts
than 500. including certain proposals guar
anteeing the loan, amounted in the aggre-
gate to more than $1.400,00O,000
AS provided by the circular, the alot-
ment of bonds to subscribers of amounts
greater than $500 began Immediately upon
the close of the books July A. the smallest
subscriptions being first allotted. until those
of 81 400 and less had been reached. There
was residue, ascertained to be about two
million and a half dollars, which was al
lotted pro rata among the subscribers of
ing awarded the sum of $500. On Page
~ Will be found a statement showing the
number Of subscribers. by groups, for
amounts over $3.50, and 500 and less
The bonds were dated Aug. /, 1885, and
their preparation was carried on as rapidly
as possible. Soon after that date the. de-
partment began their delivery, subscribers
for $500 and less being the first to receive
their bonds, substantially in the order of the
receipt and acceptance of their subscrip-
tions. The delivery of the bonds to sub
scribers of this class was practically COM
pleted about the 1st of September, though
there are still some undelfvered. owing TO
incomplete address or some other irregu-
larity not yet adjusted.
Before the delivery of the bonds to sub
the department began the delivery on ac-
count of greater subscriptions. This has
continued to the present time and is still in
progress, as subscriptions amounting to
about $500, 900 are still in part unpaid I'M
der that provision of the circular of June 10
which provided for payments in INSTALL
mentS OF 70 per cent. at intervals of forty
days
THE changes in the amounts of the sew
eral kinds of money in the United States,
outside the treasury, between Nov l. 1897.
and Nov j, 1885, are shown in the following
table. The estimated population of the
United States Nov l. 1897 was 10 461 co., and
the per capita supply of money outside the
treasury was $2323 The estimated popula-
ton and per capita supply of money Nov. !,
1898, were 75,O59,000 and $24.S7, respectively"
FOREIGN COMMERCE.
Several pages of the report are devoted
to our foreign commerce. The secretary
says: 1.-THE foreign commerce of the fiscal
year 1898 in many respects has been phe-
nomenal. The expectations of the products
of both field and factory exceeded in value
those Of any preceding year, and the grand
total of exports was the largest ever re-
corded For the first time in the history
Of our foreign commerce the years exportG-
lions averaged more than 100000, 900 per
month the total being 81, 231, 1852, $50, against
ST. $50 1893 $50 in 1897 and 81 030 278 14S in 1892,
no other years having reached the billion
dollar line.
"Of our domestic exports, the value of
agricultural products was 1858 683, $40, sur
passing by $54, 1855, 1913 the highest record
ever before made, that of 1892. Our manu-
facturers also made their highest record
of exports, those for the year being $780,
697 354, against $277, 285, 391 in the preceding
year. For the first time also in the history
of our foreign commerce the exports of
domestic manufactures were greater than
the imports of foreign manufactures, while
the total exports of the year were twice
as great as the total impOrts-a condition
heretofore unknown, the trade balance in
our favor being more than twice as great
as that of any former year. Nearly all
branches of the great manufacturing in
dustries shared in this increase of the ex-
port trade, particularly manufactures of
iron and steel, leather, boots and shoes, and
mineral oils, the principal exception being
cotton goods, the demand for which was
somewhat reduced by the fact that GER
tain countries formerly buying our manu-
featured goods are now buying our raw
cotton for use in their own factories. Near
ly all classes of the great agricultural prod
ucts made their highest record of exports
in the past year. The value of the wheat
and flour exported was greater IMAM in
any preceding year, except 1892; the guam
tity of cotton, corn and oats surpassed in
each case that of any preceding year, and
the exports of meat and dairy products,
grouped under the general head of provi-
sions, exceeded in value those of any
former year.
tant articles Of export were higher than the
preceding year. the notable exception being
cotton and mineral oils, in each of WHICH
worlds chief producer of these articles, has
been in the past few years phenomenally
large, thus affecting the prices abroad as
well at home"
The secretary gives several tables showing
the exports and imports, the features of
which have been exploited in statements
prepared by the treasury bureau of sta
tistics. Brief space is devoted to the OPP
erations of the tariff law, Alaska, the Ber-
ing sea fisheries public buildings, immigra-
ton and other matters
The receipts from the several objects of
taxation under the internal revenue laws for
the fiscal years ended June 80, 1897 and
1898, were as follows:
Objects of
taxation 1897. 1898. Increase.
Dis spirits $50 0OS go $92 999 II SO $685. IS
Man. tobacco. 1912 &c. 23O 522 81 $780, 224 50
Fer liquors.. 3d. 472 16207 3951542114 7O43 259 OF
Oleo garine -. 1034 129. 90 1875 1854 ISL $50 "a
Filled cheese. 1S9923S 16,51S.55 *.........
Mis-. col tons S75 4690S 1,24l, 576 80 sec, 1O7 81
Total 146 61s AZ no. S66 3d. Sc 24247, 225 SO
Decrease, $2,47S.S3
The total cost of collection for the fiscal
year ended June 80, 1885, was So, 907 1O.50; the
total cost of collection for the fiscal year
ended June 80, 1897, was $3,S4S, 49, showing
an increase for the fiscal year ended June 80,
1898, of SIS, 541O1.
REVENUE CUTTER SERVICE.
Following is a summary of the work per-
formed by the vessels Of the revenue cutter
service during the war heino- axoluSiva of