The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1869-05-10
DOMINION OF CANADA.
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11NAHC1AL STATEMENT.
OTTAWA, May S.-Mr. Rose made a financial
statement in the House of Commons last night,
during which he mentioned the following
items: The revenue of the Dominion from or
nary sources during the nine months ending
March 81, was $9927 1862; gross amount Of
loans effected during the year. $l2, 124 1884;
penditures were $9,611 ,579; amount applied
toward the redemption of the public debt and
investment, $8, 430, 757; leaving a balance of
ordinary revenue in favor of the Dominion of
$316,28 The estimates for the coming year are
Expenditures, $14,319OOO; Revenue $14, 565, :
600; showing surplus OF nearly quarter of q
million. No change is suggested in the Gus
toms or excise tariffs.
THE IRISH CHURCH BILL.
Hon. Mr.. Holton gave notice that an address
should be presented to Her Majesty expressive
of the deep interest felt in the passage of the
Irish Church bill
. THE CASE OF FATHER M 1dAHoN.
Bishop Connolly of Halifax is in this city and
had an interview with the Governor General to-
day concerning the case of Father Mcmahon.
DIR. Connolly strongly urges his release.
THE MINISTER OF FINANCE ON RECIPROCITY.
The following is portion of the Finance
MINISTER'S speech last night in relation to reci-
procity:
Reform being the subject of our trade rela-
tons both with ourselves and with the United
States, he might be permitted to say word
more with reference to reciprocal trade with
the United States. We might fairly say TO
them, we do not complain of the abrogation of
the treaty; we have no fault to find with your
governments for its action at the time; we
know the peculiar difficulties in which you were
then involved; and we know the state of pub
lie opinion which prevailed respecting us dur
ing the war, and for which our people and gov
eminent were not to blame We believe than
mad fn0fo ct<,,e ~
our conduct toward you during the war; and
that all irritable feelings have passed away
We have not, since that time, sought to retail
ate. We have given you freely all the advan-
tages preserved during the continuance of the
reciprocity treaty, and we make every allow
ance for the exceptional circumstances under
which you abrogated the treaty. We have pa
tently, up to this time, given you every advan-
tage you had before, and not sought in any
way to enter upon o retaliatory course towards
you Wehave allowed you the free naviga-
ton OF our canals and rivers, and the use of
our own fisheries by paying mere nominal
license, as an assertion Of our rights to them.
We have not sought to interfere with the
transmission Of goods in bond across the
Western Peninsula by an oppressive conduct
such as you have imposed on us. We have
allowed your -four, grain, hops, Goals and
other productions to come in free for this last
three or four years. But you must understand
that we cannot go on with this forever. The
time may soon come when we may require a
national policy of our own, and that national
policy will be governed solely by those consid-
eratIOns which affect our resources. In enter
ing upon negotiations for the renewal of the
reciprocity treaty, we ought to let it be unmis
takably understood, that as much as we desire
on national and commercial grounds less re-
strieted intercourse with the United States,
we are not prepared to give our national exist
ence for it. We must then be equals, consid-
ering what is to be to the material advantage
of both countries and for the promotion of Tree
kindly intercourse. There should be distinct
enunciation in this country that no matter
how much they may prevent intercourse with
them, we are not disposed to pay the price fol
that intercourse by giving up our associations
or our national existence. He had great faith
in his ability to open up markets which would
relieve US from any temporary depression
which may now exist. At one time it was
thought England would be utterly ruined by
the loss OF the cotton trade with America; but
we know that other markets were soon opened
up, so that now less than forty per cent. of her
cotton comes from America
He did not desire to say more on this subject,
but he thought we ought not to exaggerate the
injury to the trade of this country, which he
believed was only temporary, by the restric-
tions on trade with the United States The
time may come when this question NAV have
to be considered in a more serious light; but
this would be the time to do it, when we find
the people of the United States becoming dis
posed to open up negotiations The Commit
tee on Ways and Means at Washington had
almost unanimously reported in favor of open.
ing up negotiations, and that report had beer
unanimously adopted by the House of Repre-
sentatives; and he believed but for the extreme
urgency of national affairs, this report Would
have been carried into effect.