The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-12-07
OF THE TREASURY.
u,r,crT FOR THE FISCAL YEAR
WAS Ss9,111 500.

cd to the AmpOi t"AASS "a 'S 80
voppah Quarantine statiOn-Amer-
tan shipping-secret Service.
Nancy standard Discussed.
washington. Dec. 6-The main points of
49, reDort of the - Secretary of
~ Treasury have already been
ooyered in the Presidents mes
as and in the dispatches. For
~ escal year of 1899 which ended June
% the total receipts were S6l0,9S2, 004.35,
ii which $273, 49,, 1851 was from internal
rovsn1e and S206 12S, 1871 from customs.
THE rest of the receipts were from miscel-
1apeous sources. The expenditures were
s7ra oe3 564 49, leaving a deficit of $S9,111,-
7qE. The Secretary estimates that for
me fiscal year of 1900 there will be a sur
Mus of about 100000.
The Secretary calls attention to the fact
mat during the fiscal year the treasury
maid out S42 532, 296 in standard silver dol
lars which was an increase over the pre-
vious year of $1,7OO,147. The highest quota
tion for silver 0925 fine during the year in
che London market was % pence, equal to
S6357l in United States money. per ounce,
fine: the lowest quotation was q pence,
equivalent to $O,591S7. The average price
for the year was 276697 pence, equiv
alent to S06O655. The bullion value
OF the United States standard silver dol
lar. at the highest price for the year, was
$olg6, and the lowest $0.45777, and at the
average price, $0.46912. The commercial
ratio of gold to silver at the average price
was to 3A0S. The number of grains of
pure silver at the average price that could
be purchased with a United States silver
dollar was 1916, equivalent TO 1.64 fine
ounces
National Banks.
During the existence of the national
banking system, up to the close of the
year ended June so, 1885, 5,21 national
banks have been organ zed. On the latter
date, $3.50 banks were in operation. 247
had been pla ed in voluntary liquidation
by shareholders, and 365 placed in the
charge Of receivers. On June 50, 1898 there
Wele $3.50 banks in existence, showing a
net loss during the year of 1 bank. Duing
me past fiscal year, 70 banks were organ
led ard q paced in voluntary liquidation
and in charge of receivers.
Inc aut or zed capital stock of the banks
on June 30 last, was $607 81, PAS, and on
June 80, 1888, $3.50 025,295 showing a dec ease
during the year of $22 154 ESQ. The ma, onal
lahA crculat on outstat ding on June %.
Ivy aeg oGas $241, 26S 500, of which S2.5,-
l'tg4 was secured by bonds on deposit
win the treasurer of the United States
ana $55O4 COZ by awful money deposited
On account of liquidat ng and nsolve MT as
5OAdlens, md trose ieduc ng circulal ion.
me increase of Circu. alton during the wear
vas $l3l5l.39i
The National Debt.
4 me nterest-bearing debt July 1, 1899 in
uulea unmatured United States bonds
UI,S'dHd-hS IN the amount of 1,046 01O 800
ms is an Increase of $19S, 6S4, $40 over the
amount outstanding July /. 1898, and Is
caused by the issue of the per cent. ten
s@en'y loAn authorized by act Of Congress
c--,J June l3, 1898, amounting to $685.
4 s,@'-" ana by The conversion of refund
,.5 eerlheates of the act of Feb 26, 1879,
..o ponds of the per cent loan of 1907,
amounting, principal and interest to $3.50.
Foreign Commerce.
The commerce of the year has been
marked py three especially notable charac-
s'NltS' Fifsf, continuation of the phe-
,oueHdl exports of last year; second, a
,l increase in importations; and.
sn'u' the combined imports and exports
luH 'he largest total ever shown by
4 ~S,e year IN the history of our foreign
-, ihe total imports of merchandise during
S@s ar al We're g7l4S.4S9, as &C impaired W tn
-9V .t5oJ4 IN the fiscal year 1898. and SEA-
eVfl2 IN TIE fiscal year $50, b. ing less han
my any Hscal year since 1887, exc pt 1894.
III i.npo. latl'ns were beiug hsfd back
q H am HuVahta &c of an expec ed raduc-
IN ea !" tailu, ana 1895, when tn were alb
t4IuHy low because of excess We inpor-
4 Ian rs II me preceding year IN ant ci "a
tim. y. an increased arif The exporta-
a5r ~, o5 Levy were 1927, 023, 332, as against
a oGSio '.-'dV IN the fiscal year S9S, and ST.
o.r 'J,3'' III 1877, being The fourth year in
~, history in which the exports exceeded
hsoa uo'iars, and falling but $4,4.9,02S
VIII nose Il the phenome al year 1 9S.
ubrs,,.+ sulfI Y of breads uffs abroad was
Sa,- snort, and that of the United
fgsia,, unusually la &c. The total of our
n thus 80, eo5hmelce fer the fiscal year 1899
eaie Janus at $I924,171,7o1, or $66 491 ISL
var o,, .'iah In any preceding
nurb M, foreign commerce has
csn more han doubled since 1870.
herce With Cuba and Porto Rico
kar3, commerce of the past year with the
Ia. relations with the United States
Bre 9HH marked growth both in inn
tfaI anu exports. The classes of agricul-
Sat- - auctions, for which the limited
c0tinna ''es and in most of them must
fon 10 rely upon tropical countries.
a ns,ess,r, &c proportion of our natural and
Rco IN imports. Our exports to Porto
IN sgairs, "a. :, tscal year 1899 were S. SIS, S4S,
l@ " 'oO5,si in 1898, and s1,9SS,sSS In
ssr s .tose TO Cuba, SIS. ST.. against
70 I'm s+ ~ 1925 and S,259, ne in 1897: those
ISL sr ~ H. S9,8O5 40, against $500. 1856 in
Hr1,'lI VI. 075 in 1897; and those to the
So h pg J.as Islands. 4,1s3, against s127.-
atlsas 5''1, and $94,597 in 1897, exclusive of
goyer5r,S9 I.lpped TO those islands by the
Tor army and navy use.
nj. spirits and Beer.
duuog Unity tal Of distilled spirits gagged
IVES gg -5o nscal year ending June 80, 1899.
q durn, 5o gallons; the quantity gaug-
Ing w.. w ,ne fiscal year ending ,Tune 20
cease eI ~, ~ 522O 75 gallons. king an in
salons WI me year just ended of 80. 9s1 .s1l
Durn- A.
here 1 ,ne fiscal year ended June 90 1899
Vi Ser. n, produced &c, es7 6S4 barrels az
n hs tbe e lumber Of barrels produced dur
vas Ss.g 9o year ending June 80, 1898
81 aucion r., making a decreased pro-
barrels -'' The year just ended of ssI. 7O5
7B.,. Immigration.