H 



AROKXT1NK RKPUU.U '. 



AKIZONA. 



*mooo.ooo 



it taveeud in Argentine 



an IfUlft Uas of telegraphs. o 

 MrtlatbeJonjr 







i0 forwarded U8.6U&0 

 and IMOO.OOO foreign >^jj 



^1^S$u!^f^^e 



( l2gmatl.a of the PratHtat-A c- 

 eras* to the twinning of the year betwert 

 tree* irhich bad been called tofrt 



! 



ami President SeenxPella. The 

 an expenditure of $.- 

 in cold for war material in view of 

 Me oomplioation* with Chili on the ques- 



M ' ' T P _:, 



ed and Dr. A. Alcorta reluctantly 

 portfolio on Jan. 9. A bill was 

 maid granting a five years* rnor,it.,r<,,, to 

 the Prorindalllortgage Bank, authorizing it 

 md the pavment of coupons and to allow 



urrency 

 roof 

 voluntary 



Bosario, Santa Fe, and Cordova 

 Mlities obtained the privilege of 

 paying the into** and principal of their bonds 

 b cvrreocy instead of in gold. Still they did 

 not pay anything. The Congress passed another 



. S,- . ., . r'-M-nl to 



MMneine eitemal debts of the provinces, 



the special order of business had been 

 of Concress adopted a resolution in 

 President to grant 

 ,i-l in Hu- 

 nt refused to enter- 

 tain the request, which he treated as an invasion 

 He considered that it would 

 tdtatolineof the army and 

 trs who had taken part in 



i .,..:,' : V.. 





ing with the Piwident, rerigned in a lody on 

 Jan. It and he was unable to find persons to 

 lake their plaosa. On Jan. <S President PeOa 



in hi. b^ESA** haa upheld the 

 . . and the Constitution, permitted the free 

 Mnbe of .-hi . and maintained dis- 



fjy> W nny at..l navy, and that he had 

 kavt hie praise not to contract new debts or to 



II - , 

 i'r , 



the policy of the Oovernni m would ho to re- 

 store the financial prestige of the country l.\ 

 economies in the public service and the abo- 

 lition of the floating <l< i>i. Til.- .jll.-stioi, ofthr 



htioi ' ;,. paper money \\oni.i ! oon- 

 sidered, and steins wouNi !> t.-.i,. n for th< 

 nu-nt of tin- railroad fruarante>s. Th il 

 .1. -lit under t ho existing law was being converted 

 into consols, of which $5,670,600 had been issued. 

 .-I. ni was opposed to these issues, and 

 expected to be able by means of rigid economy 

 to clear off the Heating debt. 



The budget for 1806 estimated the expenses 

 at $85,500,000 in paper an.l $20. 1'.r,' uoo in -,,1,|. 

 There was an increase in the army and navy es- 

 timates to provide for purchases of ships, 

 and other armaments made by commissioners 

 who went uts on 



account of tin- public l -lit n-tiunnrd toe same at 

 in the budget for 1895. To obtain the addi- 

 tional revenu.- r.Mjuirr.l. the Government pro- 

 posed to add a surtax of 1 per cent, on all prod- 

 ucts assessed on the ad valorem system. In 

 ing the duty "ii nil imports, and to augment tin 

 int. -riuil duties on alcohol and tobacco in a imu -h 



LBIZONA, a Territory of the fnit.-d states, 



organized Feb. 14, 1868; area, 113,020 S M U.IK 



miles. The population, according to each li- 



was 9,658 in 1H70; 40,4-in in 



1880; and 59,680 in 1890. Capital, I'M, nix. 



<.o\. -rnmenl. The following were th 



d officers during the year: Governor. Loni^ 

 c. Huu'hes Democrat; Secretary, C. .M. I 



!'. .1. Coir: Auditor, c. P. L.-itdi; 

 Ailjutant (ieneral. Kdward Schwartz; Attorney- 

 GencrHl, !'. .1. Heney: Superintendent of In- 

 >t met ion. I-'.. f. Hetherton: chief .lustier of the 

 Supn-me Court. Albert C. Maker; Associate Jus- 

 tices, John .F. Ila-.vkin-. Owen T. Ron.-. 

 James D. Bethune. 



Finances. The Territory has attained a hi^h 

 degree of financial prosperity. In 1891 its treas- 

 ury showed a d.-ti, it of more than $42,000; in 

 1898, one of more than $51,000: and in 1893, 

 one of more than $84,000. In 1893 Con 

 authorized the funding of all the municipal in- 

 debtedness of the T.-rritory at 5 p.-r cent, t'nder 

 this authority, maturing parts of the debt will 

 be replaced by a5-per-cent loan, where they can 

 not be paid. Through the practice of economy, 

 the treasury held a surplus at the end of the fiscal 

 fear 1894 of $6V888, and in the fiscal yea: 

 it was able to reduce the Territorial indebtedness, 

 .h.ly 1.1894, aggregated $874.r, 

 The total bonde 



_ 

 lla: Poreiim Affairs, 



2S~&T3 



hj*l~tOrSSl5d 



Mton M.TS.ttMt 



: the floating dei.t. $170,523 total, 

 :. of whieh $1,331,899 was the aggre- 

 gate of county and city indebtedness, 1 

 the net Territorial debt as above. 



Valuation*.- The assessed valnal >f all 

 taxablepropertv in 1894 was $2: <nd in 



1895 $27^518,838, an increase of $456,358. 



Banking. On l^l. Ari/.ona had 5 



national banks. The total capital was $400,- 

 000; amount of United States bomh field to 

 secure eirt-ulntu.n, $100,500; coin and coin oer- 

 tiftoates, $109,458.05; notes issue.] for cn-eula- 

 tion. $244^00 redeemed $147,350, out standing 

 $97.450; and loans and di^ounts. $524.804. The 

 rial banks numbered 4, and had aggre- 



