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Message To Congress

Message To Congress image
Parent Issue
Day
7
Month
December
Year
1894
Copyright
Public Domain
OCR Text

President Cleveland' message to congrega keginaby telling of the peaceral relations ex ist mg at this time between the United States umi foraigu oountries. The attitude of tliis nmntry during the Brazlllan war tended to i" strict tiie trouble to u trial of strength between tlie robels and the govcrument. The war between China and Japan is tonched on and be saya he would not hesitate to heed any intimation that our friendly aid for the honorable termination of linstilities wtmld be acceptable to l rtij bellig érente. He then mentions Qermany'e embargo on our beef. He refere to the Blue Belas incident and regreta the mui-der oían American ly the governor of a town in the üfosqaitó tevritory. and the escape of the muxderer beyond Nioaraguan jurisdiction The Bering aea matter ie given some attention nnd the piesident recommends tlie prompt payment of adiusted i-laims. The present government of hainoa, the ]resilent says lia-failed to correct the evils ït was intended to prevent. The message then continúes: The secretar; of the treaaury reports that tlie re-ipts of the government from all sonrcesof revenue during the fiica] yearending June '.Ui 1WM. amountingto$37ï,802,4B8.29and ïtseipenditures to JM2,8Ö5J5)!.87 U-avinu a deficit f $t,90880.58. There was & deerea.se of $I5,Hrï.SliM In the ordinary expenses of the governnient as eompared with the fiscal year lt. There was f-oliented frfnn raiatMiM l-il 1. S80.62, and from internal revenue $147,108,449.711. The balance of the ineome tor the year amonntIng to 183,615,617.97, was derivea from the ales of lands and other sonrcee The value of oor total dutiable imports amounted to $276,199,088. being $146,057,620 toss than during the preeedlng year, and the im portations free of dutyamounted to 1879,796, B86, being $C4.7l8.7r less than during tile pre (Kling year. The reeeipts from ciistoms wero $73,636,48641 less and from internal revenue H:),83ü,:Ml.7 lcss than in 1893, The total tax colleeted from distilled spirits was $KVi",i B60.25; on manufacturad toDacoo $8,617.888.88, and on fermented liquors }J:tI,14.;8S.II4" Our exports of merohaudise. domestic and foreijn, amounted during the year to $893,140,57)2, beIngan inerease over the previous year of $44,19oj878i The total amount of gold exponed during the flsial year was $76.898,061, as against $108,680,444 duriug ;he fiscal year of 18!. T4e amount Imported was 87;i.44!l,119, as against $31,174,881 du ring the previous year. The importa of silver were $Í886,6S2 and the exporta were $50. - 161,266. The total botinty paid apon the production of Ritgar in the United States for the fiscal year Was $12,100,208.39, being an inerease of $8,726,078.01 over the payments made during the precediug year. The amount of bounty paid from July 1, 1NI4, to Au. K. 1894, the time when further paymente ceased by operations of law, was ?!!. 1.84. The total expenses incurred in thepaymeutof the bounty upon sugar daring the fiscal year was $130,140.85. It is estimated that upon' the basis of our present revenue laws the receipts of the govermnent during the uurrent flscal year, endiuK June ai. IK, will be $434,487,7-18.4, and lts ex - penditures $444.47,74S.44. reaulting in a deficit of $:flu)0o,(j(i!i. wur ir i .lt:i;i VI ealCII. On the fivst day of November. 1804, the total tock. of money of all kinds in the country was $2,240,773.888. as against $2,2(4.tt."l,()()0 on the flrst day of November 1893, and the money of ' all kinds in ciroulation or not, inoluded in the treasurv holdings, was $l,72,093,122. or $24.27 per capita npon an estiniated population of 88.K87,)0U. At the same date there was held in the treasurv gold bullion amounting to $44,815,] 77.55 and silver bullion which was purchaned at a cost of $127,779.988. The purcase of silver bnllion under the act of July 14, 1890. ceasl on the lt day of Nov. 1893, and up to that time there had been purchased duriug the fiscal year 11,917,638.78 fineounces at a coat of $8.715,521 33 an average cost of $.7313 per fine ounce. The total amount of silver purchased frora the time that law took effect until the repeal of its purchasing clause. on the date mentione"! was 168,674,682.53 fine ounces, whirh cost $155,981 a.2ö, the average price per fine ounce being $li.92-t4. ThS total amount of standard silver dollars coined at the mints of the United States since the passage of the act of Pcb 28 187. is. $421. 77K. 4i 18, of which $878,1(18,798 were coined onder the provisions of that act, $38,581.148 under the provisions of the act of July 14. 1890, and 15,1)78,472 under the et jiroviding for thij coinage of trade dollar bullion Coinaye of the Mint. The total coinage of al) metáis at otir mints niii the last fiscal year consisted of i( 4hT 3S0 peices vKl'.ied at iJu.ïUi,?Jü.(j(i. of which there were $W.474MVJ.M in gold coined; J7S8 in standard silver dollars: $ .'.-.'4. 1411.3(1 in subeidiary silver eoiu. ;md $718,918.28 in minor coln. Uuriutr the calendar year 1893 the productjon of precióos metáis in the United Stat was estimated I,78,38) fine ouncee tf gold, of the commercial and coinage value of $30,965,000, and ttllllUÜ(MI Itne mum of silver. of the bullion or inarket value of êlfi.iifKI.IKKI and of the coinage value of f77,56,(0U. lt is estimated that on the lst day of July, 18SI4. the stock of metallic money in the United States, conBlating of ooin and bulliou ainounted to $l.al.4u..Vi. of which $itó7,!i:i 20] was gold nd $éU,SÜ,7SI was silver. Fifty uatioual banks were organized during the year ending Oct. 31, 1894, with a capital of S,28!,IKÏI, and aeventy nine with a capital of $10,475, (KW. went into voluntar}1 liquidation Twenty-óne banks with a capital of Jt!,7íU,iii, were plai'ed in the hand of receiver. The total uumber of national banks in existence on the 31st day of October last was J,7."ni, being fort y losa tlian on the :!lst day of October, 1SW3. The capital stock paid in was tü','- 71 - Sao, being SH.67S.4H1 less tlian at the same time in the previous year. and the surplus fund and undivirted profits. less expenses and taxes paid amounted to j:iU.12Í,(tl.lO, which was {M),UW,780 less th:in on Ort. (tt, 1898. The circulation was decrcased Sl.741.3iui. Thó ubligHtioim of the banks to eoch other were increased $1 H. :.'. :!4. and the individual deposits were $2TT.Ü94.488 less than at the correspondiag date in the previous year. Loans and discounts were 9M ,3HHMSi more than at the same time the previous year, and check and other cash items were Mi,:i49.!t:! more. The total resources of tli-, banks at the date mentioned amounted to f8,478.922,066, as aainst $:j UW - 668,284.38 in 1888.

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Subjects
Ann Arbor Argus
Old News