Recent History 



Trom the imperial German Government, and that we have many 

 warm friends among the people of that great State. 



Finances 



.!. The revenue for the year is expected to show a decrease 

 compared with that of the last year of at least $50,000. The 



106. LIBERIAN SILVER AND COPPER COINS 



accounts have not been fully made up, but for the half-year 

 ended March 30th, from all sources only $158,664.04 had been 

 received. No blame can be attached to the administration for this. 

 Revenue is an index of the industrial condition of the country and 

 its relation to the markets of the world. The greater in volume 

 and in value the exports, and the larger the imports the greater 

 the revenue. For, since it is principally obtained from the move- 

 ment of trade, it must flourish or decline in accordance with that 

 movement. First the coffee crop decreased both in quantity and 



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