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A fourth bond issue, of L2,035,000 was floated through the agency of the Improvement Company in 1893 for the conversion of the outstanding government bonds. The Improvement Company also completed the railroad from Puerto Plata to Santiago, which was the only improvement it ever effected in the Republic and this it did with Dominican money.

Great popular interest was evinced and all classes of the American people hastened to subscribe for the 3-1/2 per cent bonds, so that when the books were closed on June 15 it was found that the loan had been oversubscribed by $1,035,226,850 and the list of subscribers contained no fewer than 4,000,000 names.

I have given the price a bushel, though canning tomatoes are usually sold by the ton. The cost of the product of a well-equipped cannery is divided about as follows: fruit, 30 per cent.; handling, preparing and processing the fruit, 18 per cent.; cost of cans, labels, cases, etc., 43 per cent.; labeling, packing and selling, 0.035 per cent.; incidentals, 0.055 per cent.

It appeared upon the records of the State of Kansas that the new county had 2,662 bona-fide inhabitants, of whom 868 were householders. These claimed a taxable property, in excess of legal exemptions, amounting to $313,035, including railroad property of $140,380. I need not state that the organization was wholly based upon fraud.

I again call your attention to the subject of mail transportation by ocean steamers, and commend the suggestions of the Postmaster General to your early attention. During the last fiscal year 11,070,935 acres of the public lands have been surveyed and 8,190,017 acres brought into market. The number of acres sold is 7,035,735 and the amount received therefor $9,285,533.

As an elucidation, let us suppose that the usual route to the same destination, round Gape Horn, from a more central part of the Union Philadelphia, for example is 16, 150 miles; in that case the distance saved, independent of less sea risk, would be as follows: From the Delaware to Guassacualco, 2100 miles; across Tehuantepec to the Pacific, 120; to the Sandwich Islands, 3835; to the Ladrone do., 3900; and to Canton, 2080 total, 12,035 miles; whereby the saving would be 4115, besides affording greater facilities for the application of steam.

The result showed that a request for $2,000,000,000 had been met by a response of $3,035,226,850 from over 4,000,000 investors, mainly for small amounts. The success of the loan, especially in its appeal to modest purses, was imposing.

The subsequent figures are: 1810, 57; 1820, about 150; 1825, about 500; 1830, United States census, 1,075; 1832, about 1,500; 1833, about 1,900; 1834, city census, 6,071, or with Ohio City, 7,648; 1845, 9,573, or with Ohio City, 12,035; 1846, Cleveland 10,135; 1850, United States census, 17,034, or with Ohio City, 20,984; 1851, city census, 21,140; 1852, 25,670; 1860, United States census for combined city, 43,838; 1866, 67,500; 1869, not less than 100,000.

Other Acts were passed in 1906 and 1908, and for the years 1908 to 1917 arrangements were made for a total expenditure of $1,035,000,000 this including a portion of the "accelerated program" and the Special Dreadnought construction which caused the memorable debate in the British Commons in 1909.

At the annual banquet in 1905, the following statement was made of the financial history of the chorus since 1892: Amount Received Collections from members $ 2,564.60 Fines paid by members 975.60 Gross receipts from concerts 11,299.40 $14,839.60 Amount Disbursed For music $ 2,167.80 For sundry expenses for socials, flowers for sick, contributions for benevolent purposes, etc. 1,035.81 Expenses of concerts 8,506.34 Contributions to church, college, hospital, Sunday School, repairs to organ, etc. 3,050.51 $14,760.46