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Colorado (Colorado, United States) (search for this): entry finances-united-states
sed, various cotton and woollen mills closed in New England and the Middle States, and stocks suffered. Within the first eight months of the year , 560 State and private banks and 155 national banks (mostly of small dimensions) failed. The great majority of these bank failures were in the region west of the Mississippi River. This section, especially the States intimately connected with the mining and smelting of silver, felt the hard times keenly. The general closing of silvermines in Colorado was attended with much suffering, and considerable bitterness was displayed. At least 15,000 miners became idle, and many men out of work came eastward, in some cases taking forcible possession of freight-trains. Meanwhile in the East in midsummer an extraordinary stringency of money was developed. At one time in New York the premium on $1,000 in small bills reached $25; many business establishments were hard pressed to meet the payments of their employees; checks and clearing-house ce
Topeka (Kansas, United States) (search for this): entry finances-united-states
ills reached $25; many business establishments were hard pressed to meet the payments of their employees; checks and clearing-house certificates played for a short time a remarkable part. The premium on currency disappeared, however, in September, although money continued to be scarce. One of the features of the commercial trouble of 1893 was the number of large railroad systems forced into the hands of receivers. In this number were included the Erie; Reading; Northern Pacific; Atchison, Topeka, and Santa Fe; and New York and New England. As the forced purchase of silver was generally recognized as one cause of the disturbances, attention was called to the repeal of the silver purchase act of 1890, and President Cleveland summoned a special session of the Fifty-third Congress to consider the matter. Congress assembled Aug. 7; on Aug. 28 the House passed the Wilson bill, which went to the Senate; in the form of the Voorhees repeal bill the measure passed the Senate by a vote of
Pacific Ocean (search for this): entry finances-united-states
um on $1,000 in small bills reached $25; many business establishments were hard pressed to meet the payments of their employees; checks and clearing-house certificates played for a short time a remarkable part. The premium on currency disappeared, however, in September, although money continued to be scarce. One of the features of the commercial trouble of 1893 was the number of large railroad systems forced into the hands of receivers. In this number were included the Erie; Reading; Northern Pacific; Atchison, Topeka, and Santa Fe; and New York and New England. As the forced purchase of silver was generally recognized as one cause of the disturbances, attention was called to the repeal of the silver purchase act of 1890, and President Cleveland summoned a special session of the Fifty-third Congress to consider the matter. Congress assembled Aug. 7; on Aug. 28 the House passed the Wilson bill, which went to the Senate; in the form of the Voorhees repeal bill the measure passed t
England (United Kingdom) (search for this): entry finances-united-states
The ratio of gold to silver, which in 1873 was 15+, was in 1886 20, and in 1893 25 1/2. The amount of gold in the country was greatly decreased during the same period. The gold reserve in the treasury, which had been above the $100,000,000 limit, fell in August, 1893, to $96,000,000; stood Sept. 30 at $93,000,000, and Jan. 13, 1894, had fallen to $74,000,000. Many business failures occurred during the summer. The iron trade was depressed, various cotton and woollen mills closed in New England and the Middle States, and stocks suffered. Within the first eight months of the year , 560 State and private banks and 155 national banks (mostly of small dimensions) failed. The great majority of these bank failures were in the region west of the Mississippi River. This section, especially the States intimately connected with the mining and smelting of silver, felt the hard times keenly. The general closing of silvermines in Colorado was attended with much suffering, and considerable
Kansas (Kansas, United States) (search for this): entry finances-united-states
public lands273,247.19 Sales of ordnance material257,265.56 Soldiers' Home, permanent fund247,926.62 Tax on seal skins and rent of seal islands225,676.47 Receipts and expenditures.—Continued. License fees, Territory of Alaska$157,234.94 Trust funds, Department of State152,794.56 Depredations on public lands76,307.58 Spanish indemnity57,000.00 Sales of lands and buildings3,842,737.68 Part payment Central Pacific Railroad indebtedness3,338,016.49 Dividend received for account of Kansas Pacific Railway821,897.70 Postal service102,354,579.29 ——————— Total receipts$669,595,431.18 The expenditures for the same period were: Civil establishment, including foreign intercourse, public buildings, collecting the revenues, District of Columbia, and other miscellaneous expenses$98,542,411.37 Military establishment, including rivers and harbors, forts, arsenals, seacoast defences, and expenses of the war with Spain and in the Philippines134,774,767.78 Naval establis
United States (United States) (search for this): entry finances-united-states
Finances, United States. Financial topics were uppermost in interest during the years immediately succeeding 1890. The demand for the free and unlimited coinage of silver increased in the Southern and Western portions of the country. Between 1891 and 1892 the expenditures increased and the receipts decreased. Part of the silver was coined, and the rest accumulated in the treasury vaults. The silver question, and, with it, the whole financial problem, was suddenly brought prominently tgress adjourned. The actual condition of the national treasury on Jan. 12, 1894, was thus set forth in a letter of Secretary Carlisle: Assets—Gold, $74,108,149; silver dollars and bullion, $8,092,287; fractional silver coin, $12,133,903; United States notes, $5,031,327; treasury notes of 1890, $2,476,000; national bank notes, $14,026,735; minor coin, $988,625; deposits in banks, $15,470,863; total cash assets, $132,327,889. Liabilities—Bank-note 5 per cent. fund, $7,198,219; outstanding ch
Mississippi (United States) (search for this): entry finances-united-states
t, 1893, to $96,000,000; stood Sept. 30 at $93,000,000, and Jan. 13, 1894, had fallen to $74,000,000. Many business failures occurred during the summer. The iron trade was depressed, various cotton and woollen mills closed in New England and the Middle States, and stocks suffered. Within the first eight months of the year , 560 State and private banks and 155 national banks (mostly of small dimensions) failed. The great majority of these bank failures were in the region west of the Mississippi River. This section, especially the States intimately connected with the mining and smelting of silver, felt the hard times keenly. The general closing of silvermines in Colorado was attended with much suffering, and considerable bitterness was displayed. At least 15,000 miners became idle, and many men out of work came eastward, in some cases taking forcible possession of freight-trains. Meanwhile in the East in midsummer an extraordinary stringency of money was developed. At one tim
New England (United States) (search for this): entry finances-united-states
ents were hard pressed to meet the payments of their employees; checks and clearing-house certificates played for a short time a remarkable part. The premium on currency disappeared, however, in September, although money continued to be scarce. One of the features of the commercial trouble of 1893 was the number of large railroad systems forced into the hands of receivers. In this number were included the Erie; Reading; Northern Pacific; Atchison, Topeka, and Santa Fe; and New York and New England. As the forced purchase of silver was generally recognized as one cause of the disturbances, attention was called to the repeal of the silver purchase act of 1890, and President Cleveland summoned a special session of the Fifty-third Congress to consider the matter. Congress assembled Aug. 7; on Aug. 28 the House passed the Wilson bill, which went to the Senate; in the form of the Voorhees repeal bill the measure passed the Senate by a vote of 43 to 32, Oct. 30; nearly all the repeale
Pala (New Mexico, United States) (search for this): entry finances-united-states
$25; many business establishments were hard pressed to meet the payments of their employees; checks and clearing-house certificates played for a short time a remarkable part. The premium on currency disappeared, however, in September, although money continued to be scarce. One of the features of the commercial trouble of 1893 was the number of large railroad systems forced into the hands of receivers. In this number were included the Erie; Reading; Northern Pacific; Atchison, Topeka, and Santa Fe; and New York and New England. As the forced purchase of silver was generally recognized as one cause of the disturbances, attention was called to the repeal of the silver purchase act of 1890, and President Cleveland summoned a special session of the Fifty-third Congress to consider the matter. Congress assembled Aug. 7; on Aug. 28 the House passed the Wilson bill, which went to the Senate; in the form of the Voorhees repeal bill the measure passed the Senate by a vote of 43 to 32, Oct
Lyman J. Gage (search for this): entry finances-united-states
is successful sale seemed to restore the confidence of the nation, and the gold reserve in the treasury soon passed the $100,000,000 limit. In striking contrast with the special report of Secretary Carlisle in 1894 was the annual report of Secretary Gage for the fiscal year ending June 30, 1900. In comparing these reports it should be borne in mind that a period of remarkable prosperity set in soon after the Presidential election in 1896; that the war with Spain placed on the national treasuishment60,000,000.00 Indian service11,000,000.00 Pensions142,000,000.00 Interest on the public debt32,000,000.00 Postal service107,773,253.92 ——————— Total estimated expenditures$607,773,253.92 ——————— Or a surplus of$80,000,000.00 Secretary Gage further estimated that, upon the basis of existing laws, the revenues of the government for the fiscal year ending June 30, 1902, would be: From customs$225,000,000.00 From internal revenue310,000,000.00 From miscell
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