The New York herald., 1869-11-15
WASHINGTON.
Favorable Condition OF National
Finances.
The PcSs'S
--SSnt Favoring a Eeturn
to Specie Payments.
THE GREAT RUSSIAN EXPOSITION IN 1870.
New Reciprocity Treaty With Canada
Proposed.

Proposed.
WASHINGTON, Nov a. 1850.
The Fresiient's Financial PoiIcy-Rosumption
of Specie Payment.
1t IL understood that one Of the points Of
the forthcoming message Of the President in
rotation to the finances Of the country, he
will suggest to Congress the desrability OF
adopting such measures as will insure a speedy
resumption Of specie payments AS has previously
been stated In these dispatches, the financial ques
ton viii be the Leading feature OF the Presidents
suggestions to Congress. His theory OF dealing with
the great financial burden now weighing upon the
government Is simple and comprehensive, and II
carried out by wise Legislation year hence Will wit
the practical operation Of the sysen giving the
debt more solid basis and the industries OF tho
country relieved from the uncertainties and nuctu
ations which are continually destroying value
The President since his Inauguration. with
out the aid OF Congress- has in o mas.
tsrly manner brought the debt Of the nation
into more successful management than ever before;
and If Congress shows but fraction OF the foresight
OF the Executive we may expect even greater
results. The three principles upon which the Pres.
dent begun his management Of the finances OF the
government were the collection OF all the revenues
at least much Of 1t 0flcal integrity and EN-
cheney could collect to reduce the expenses or the
government and TO iquidate the debt as rapidly as
possible. Subsequent events show that In each Of
these cardinal rules Of his financial administration
he has succeeded admirably, and In some cases, AZ
he has said himself, beyond his most sanguine ex-
pectations. The revenue daily brings IN enormous
returns The expenditures have been cut down by
Millions and the debt has been reduced $45 000 900
In excess OF the amount authorized by Congress.
What is evidently desired by the President is to
allow the present tax bill to remain untouched, in
order that by continuance Of the present large re-
venue the debt can be so disposed of as to afford
tangible modification year hence. About dozen
crack Drained Congremcn, who are always ready to
immortaze themselves by their financial absurdt
ties, are understood to have socaed financial pro.
positions vita which to bore the sensible men In
Congress. The Presidents view to discountcnance
all financial tinkering will doubtless meet with the
hearty support OF Congress, and at the proper time
win suggest such q reduction OF taxation as will be
on actual relief to the people II Is also understood
that the funding OF the national debt at
lower rate OF interest is favorite mea-
sure with the President and he Will 80
express himself TO Congress. The subject Of specie
payments he has Of late been considering. He con-
sders that the fluctuations of gold should stopped
at the earliest moment, ana that the most direct and
expeditions manner In which TO accomplish that
desirable result will be in bringing the currency up
to par. This will break up the infamous operations
OF gold gamblers and the industrial interests OF
the country from the ruinous consequences Of cir
culating medium, affected by combinations Of I'M
principled This will, therefore, constitute the
Presidents next move IN his financial policy. The
manner OF enecting this object he has not as yet
determined. He may leave the entire question to
Congress. suggesting merely that some action be
taken giving him the necessary powers to act.
<JournaIism in New York."
Imust call your attention to a remarkable exni-
bltion OF newspaper enterprise. The New York
tribune OF the l1th inst. contains the report or gov
ernment receipts and expenditures for the quarter
ending september 80; publishes not only one day
ahead Of the HERALD, but twenty-four hours In ad-
vance OF secretary Boutwell, The Ttbune's state
ment OF receipts is however s4l95 727 less than the
actual receipts and its statement OF expenditures is
slssl ,21O wide of the truth. Six millions aftysx
thousand nine hundre d and thlrty-scven dollars out
OF the way. The fact is, the true statement was
completed at the Treasury Department, ten minutes
before three O'Clock r. NJ on the 11th instant, tmme
diately transmitted to New York by telegraph and
published the first tne correctly and FULL IN the
next mornings HERALD.
American Products for the Great Russian
Exposition in 1870.
A resolution was unanimously adopted by the
Louisville Convention requesting Ex-president Fill
attend the Russian Exposition in 1870 This sug-
geston came from Europe. These commissioners
are to take charge OF all specimens that exhibitors
In the United States may desire TO send, and they
are specially instructed to procure thousands OF
samples OF cotton from various States. They
nave also the duty or preparing ana present
ing to the several commercial associations OF
Europe such reports as will show the I'M
mense advantages and Inducements offered by
this country TO European emigrants. The
resolution also provides that Ex-President
Fillmore should be added as the chairman Of the
delegation. To provide for the necessary business
arrangements Mr. Fillmore has designated only two
persons, who will have charge OF the actual details 4
Blanton Duncan, Of Kentucky, and Robert T. San
ders, OF Tennessee 1t is deemed emincnty appro-
pirate to alt the wishes OF President Grant as to
who win be tho best selections to represent the
United States, that the commissioners appointed
by the President in behalf OF the government may
also dcsgnaGed as the representatives Of the conl
mercial interests OF the nation. The selection OF an
appropriate commission, headed by an ex-Presdens
Of the United States, 1t Is thought will not only
be calculated to advance the material interests of
the country, but the attention paid TO such COM
mission ana the interchange Of courtesies between
them ana tho representatives, Of high rank from all
European nations vii, be the means of extending
the social Interchange OF Americans every where
with Europeans Samples OF cotton tobacco, wheat,
corn, rice, sugar, hemp, &C., or any OF the multi.
form productions ana manufactures Of the United
States which are to be exhibited should be neatly
arranged in packages with labels specifying the
article, the owners name and the city or State
They can be sent to So6 Broadway, city OF New
York. or to Louisville to either Of the gentlemen
Named who are in active correspondence with Gov
ernor Curtin, the American Minister, and with the
Russian authorities. A hundred thousand American
specimens are asked for to show the Importance
and the diversity OF production In our country.
Commercial. Relations with Canada--New
Reciprocity Treaty.
Tho following, derived from private sources, Is
believed to be correct statement OF the position
OF our government and that OF Great Britain upon