URUGUAY. 



UTAH, 



743 



I'mler tlir provisions of the act of 1890 the 

 total iiiiioiint of silver purchased from Aug. 

 i:;, 1MH), tin- date the uct went into effect, to 

 Nov. 1, 1893, the dale of the repeal of the 

 purchasing clause, aggregated 108,074,082 fine 

 ounces, costing $155,5)31,002, for which Treasury 

 notes of a like amount were issued. This silver 

 would make 218,084,438 silver dollars, indicating 

 a 1 1 ro lit in the transaction of $62,153,430. A 

 small portion of this profit has been coined. 

 The remainder is held by the Treasury as a bul- 

 lion reserve to meet the payment of the notes 

 upon demand. 



The depreciation in the price of silver bullion 

 has caused the bullion value of a silver dollar at 

 present quotations to be worth only about 56| 

 mils; the average value of such dollar during 

 1893 was about 65 cents. Various causes are 

 assigned for this depreciation, but the largely 

 increased products of silver would seem to bo 

 sufficient to explain it. For the year 1880 the 

 estimated production of silver in the world was 

 about 75,000,000 of fine ounces, and this or less 

 was the yearly production for several preceding 

 years. From that date, however, the produc- 

 iion steadily increased, until in 1888 it arose to 

 109,000,000,' in 1890 to 133,000,000, and in 1892 

 to 151,000,000 ounces fine, the price, meanwhile, 

 falling from $1.15 an ounce fine to 73 cents, and 

 the low price still continues. 



URUGUAY, a republic in South America. 

 The Senate is composed of 19 members, 1 for 

 each department, elected for six years by elec- 

 toral colleges ; the Chamber of Deputies has 69 

 members, elected for three years by direct suf- 

 frage. The President is elected for four years. 

 Dr. J. Herrera y Obes was elected President for 

 the term ending March 1. 1894. 



Finances. The revenue for the year ending 

 June 30, 1891. was 14,925,363 pesos or dollars, of 

 which 8,302,806 pesos were derived from cus- 

 toms, 1,733,385 pesos from direct taxation, 1,001.- 

 468 pesos from patent-office fees, and 3,887,704 

 pesos from other sources. 



The public debt in the beginning of 1893 

 amounted to 104,072,739 pesos. 



Commerce. The total value of the imports 

 in 1892 was 18.404.000 pesos, of which Great 

 Britain imported 5,648,000 pesos ; France, 2,259,- 

 000 pesos; Germany, 2,092,000 pesos; Italy, 

 2.020,000 pesos; Spain, 1,776,000 pesos; Brazil, 

 1,313,000 pesos; the United States, 1,105,000 

 PC-OS; the Argentine Republic, 1,073,000 pesos, 

 and other countries, 1,118,000 pesos. Of the ex- 

 ports, 4,514 pesos went to Brazil, 4,479,000 pesos 

 to Great Britain, 4.410,000 pesos to France, 

 3.165,000 pesos to Belgium, 2,985,000 pesos to 

 Argentinia, 2,224,000 pesos to the United States, 

 2,007,000 pesos to Germany, and 2,148,000 pesos 

 to other countries. The following were the 

 values of the chief exports: Hides and leather. 

 7.898,000 pesos; wool, 7.420.000 pesos: meat. 

 4,103,00) pesos; extract of meat. 1,840,000 pe- 

 sos; tallow, 1,361,000 pesos; animals, 1,115.000 

 pesos. 



Communications. The railroads in opera- 

 tion in 1892 had a length of 1180 miles. There 

 were 2.950 miles of telegraphs in 1891. The num- 

 ber of dispatches was 256,467. The post-office 

 forwarded (1,1*8,073 letters. 50.970 postal cards, 

 and 16,475,572 pieces of printed matter in 1892. 



UTAH, a Territory of tin- I'mli-d Slat. 

 ganized Sept. 9, 1N50 ; area, H4.970 ><|uan- milo ; 

 population in 1800, 907,909. Capital, Salt Lake 

 City. 



(jovernnicnt. The following were the State 

 officers during the year: Governor, Arthur L. 

 Thomas, succeeded in April by Caleb W. West, 

 Democrat ; Secretary, Elijah Sells, succeeded in 

 May I >y Charles C. Richards, Democrat: Auditor, 

 Arthur Pratt, Republican; Treasurer, J. D. 

 Barnett, Republican ; United States District 

 Attorney, Charles S. Varian, succeeded in May 

 by John W. Judd, Democrat ; Superintendent of 

 Common Schools, Jacob S. Boreman; United 

 States Marshal, Irving A. Benton, succeeded in 

 May by. Nat. M. Brigham ; Chief Justice of the 

 Supreme Court, Charles S. Zane, Republican : 

 Associate Justices, James A. Miner and George 

 W. Bartch, Republicans, and John W. Black- 

 burn, succeeded in May by H. W. Smith, Dem- 

 ocrat. 



Finances. The following items are from the 

 Governor's report to the Secretary of the Interior 

 in October : The total acreage of public lands 

 disposed of and settled at the Salt Lake Land 

 Office from its opening in March, 1869, to the 

 end of the fiscal year ending June 30, 1893, was 

 6,245,869, and the total value of the land $1,469,- 

 941. The total assessed valuation of property 

 and improvements is as follows : Real, $62,019,- 

 752 ; improvements, $23,364,848 ; personal, $23,- 

 475,511; total, $108,860,111. 



The total assessed valuation of the property of 

 incorporated cities and towns of the Territory is 

 $94,533,352, and the aggregate indebtedness 

 12,098,030. The former have increased $7,333,- 

 270, and the latter decreased $17,648. The total 

 number of live stock assessed is 1,666,857, with 

 an assessed valuation of $8,145,078. The bank 

 statement shows a total capital of $5,693,643, 

 with deposits aggregating $9,237.76. The school 

 taxes reach an annual aggregate of $360,000. 



Transportation Lines. Reports of railway 

 construction for 1893 give the amount of track 

 laid in Utah as 19-57 miles, divided among 3 

 lines. The aggregate mileage is 1,328. 



The Utah Central was put into the hands of 

 receivers in November, on petit ion of the Central 

 Trust Company, of New York, which held a 

 mortgage on the property of the Utah Central 

 in lieu, having guaranteed $225,000 bonds is- 

 sued by the railroad company, which had de- 

 faulted the last two payments. 



The Bear River Canal was sold at auction in 

 May, under foreclosure by a trust company, for 

 $87,500. The canal system has cost over $1,500.- 

 000, and but one branch of the canal is com- 

 pleted. That branch waters about 5,000 acres, 

 and the land is included in the sale. 



Education. The University of Utah this 

 year granted diplomas to a class of 31, of whom 

 the greater part were in the three and four 

 years' normal courses, 1 in the mining, and 3 in 

 the general science course. Arrangements have 

 been made for courses of reading and study 

 for nonresident students. These will be supple- 

 mented by lectures delivered by members of the 

 faculty to parties engaging to pay the expenses 

 of the lecturer for travel ana entertainment 

 The university is now on a better footing than 

 ever, Congress having granted to it 60 acres of 



