Wyandot County Republican. [volume] (Upper Sandusky, Ohio) 1869-1903, 1872-12-05
of the instrument is herewith submitted. tt

are in the way of satisfactory adjustment.
With these States, as with the Republics of
Central and South America, we continue to
maintain the most friendly relations.
1t is with regret, however, 1 an
nounce, that the Governor of Venezuela
has made no further payments, on accobqt of
the awards under the Convention of the 18th
of April, 1866. That Republic is understood
to be now almost, if not quite, tranquilized.
1t is hoped, therefore, that it will lose no
time in providing for the unpaid balance of
its debt to the United States, which. having
originated in injuries to its citizens by
Venezuelan authorities, and having been ac-
knowledged pursuant TO q treaty in the
most solemn form known among nations,
would seem to deserve preference over
debts of a different origin and contracted in
a different manner. This subject is again
recommended to the attention of Congress
for such action as may be deemed proper.
Our treaty relations with Japan remain un.
changed. An imposing embassy from that
interesting and progressive nation has visited
this country during the year that Is passing,
but being unprovided with powers for the
signing of convention in this conutry, no
conclusion in that direction was reached. 1t
is hoped, however, that the interchange of
opinion which took place during their stay
in this country has led to mutual appreci-
alton of the interests there which may be
promoted when thesrevision of the existing
treaty shall be undertaken.
In this connection renew my recommen-
dation of one year ago that to give import
ance and to add to the efficiency of our di-
plomatic relations with Japan and China,
and to further aid in maintaining the good
opinion of these people, and secure to the
United States its share of the commerce des-
tined to flow between these nations and the
balance of the commercial world, an ap-
preparation be made to support at least four
American youths in each of these countries,
tn q q RI nf he ai " of n1Ir
Ministers there. Our representatives would
not even then be placed upon an equality
with the representatives of Great Britain or
some other powers. As now situated, our
representatives in Japan and China have to
depend for interpreters and translators upon
natives of those countries who know our
language imperfectly, or procure for the oc-
casion the services of employees in foreign
business houses, or the interpreters of other
foreign Ministers.
I renew the Recommendation made on a
previous occasion of the transfer to the De-
partment of the Interior, to which they
seem more appropriately to belong, of all
Territories with which the Department of
State is now charged by law or by custom.
Congress, from the beginning of the Gov
ernment, has wisely made provision for the
relief of distressed seamen in foreign coun-
tries. No similar provision, however, has
in distress abroad other than seamen. 1t is
understood to be customary with other
Governments to authorize Consuls to extend
such relief to their citizens or subjects in
certain cases. A similar authority and an
appropriation to carry it into effect are rec
commended in cases of citizens of the United
States, destitute or sick, under such circum-
stances. 1t is we'll known that such citi-
zens resort to foreign countries in great
numbers; though most of them are able to
bear the expenses incident to locomotion,
there are some who, through accident or
otherwise, become penniless, and have no
friends at home able to succor them. Per-
sons in this situation must either perish,
cast themselves upon the charity of foreign
ers, or be relieved at the private
charge of our officers, who usually,
even with the most benevolent dis
position, have nothing to spare for
such purposes. Should the authority and
the appropriation asked for be given, care
will be taken to carry the benefcence of
Congress into effect, that it shall not be un-
necessarily or unworthily bestowed.
The moneys received and carried into the
Treasury during the fiscal year ending June
80, 1872, were: From customs, SILT, $40, ,2S6 III;
from sales of public lands, $2,575, TIA 80;
from internal revenue; $3.50, ,642, 1T. ~; from
tax on National Bank circulation, ETC., So
523, ,396 80; from Pacific Railroad companies,
S749, SCI; 81; from customs, fines, etc, 81, )
l.,
land, etc, 81, 2s4 ,o95. 90; from miscellaneous
sources, ,412 ,254.71; total ordinary receipts,
1864 ,694 229.9 .91; from premiums on sales
of coin, SO, ,412, ,637 .65; total net receipts,
1914, 106, ,S67.56 Balance in Treasury, june
30, 1871, $1O9, 1885, ,705 SO, including s1s,-
sources. Total available cash, s4s4,
42,573.15. The net expenditures
by warrants during the same period were,
for civil expenses, SIG, 1S9. .019 20; for foreign
interests SIS, 400, ,369 IA; Indians, 81 ,O65, ,72S,
81; pensions, SIS, 5S3, ,402. 10; for military es-
adjustment, including fsrti6cations, river,
and harbor improvements, and arsenals, $50,
372, 1920; for naval establishments, in
Guiding vessels and machinery and i'm
provements at navy yards, S21 249, sos. 80
Tor miscellaneous and civil, including public
buildings, lighthouses, and collecting the
revenue, $40, ,95S, ,329.OS; interest on the pub
lie debt, $117 ,357 ,S39.72. Total, exclusive of
principal and premium on public debt, $270,
559, ,695 81: for premium on bonds purchased
81, 95S, ,766.76; for redemption of the public
debt, S99, ,960, ,253 "a; total, S106,91S, $50 80;
total net disbursements, SS77, AS, ZIG. q; bal
ance in Treasury, June 80, 1872, SlS5, ,643, 569 =
4S; total, $4S4 ,O42, ,573. Is.
From the foregoing statement it appears
that the net reduction of the principal of
the debt during the fiscal year ending June
80, 1872, was S99, ,960, ,253. "a. The source of
the reduction is as follows: Net ordinary
receipts during the year, 1864, ,694 ,229 81; net
ordinary expenditures, including interest on
134, ,534. Add amount of receipts
from premium on sales of gold, in
excess of the premiums paid on
bonds purchased, 50, ,454, ,470.S9 add amount
of reduction of the cash balance at the close
Of the year, accompanied with the sales at
the commencement of the year, S3S7, ,334S 65
total, $99, 1850, ,253. "a. This statement treats
solely of the principal of the public debt.
By the monthly statement of the public
debt, which adds together the principal and
interest due and unpaid and the interest ac-
crued to date due, and deducts the cash in
the Treasury, on the day of pub
ication the reduction was S1OO, ,54, 491 %.
The source of this reduction is as follows
Reduction in principal account, 500, ,960, ,OO3.-
"a ; reduction in unpaid interest account,
ton in cash on hand: $, TAG, ,465. .22; total,
SlOO,544, ,491.2S. On the basis of the last
table the statements show reduction OF
the public debt from the 1st of March, 1869
to the present time as follows: From
March l, 1869, to March Is 1870, sS7, 134, ,7s2.,
$117,619, $50. IS; from March 1, 1871, to
March 1, 1872, s94, sos, ,S4S "a; from March
l, 1872, to November l, 1872, eight months
S64, ,O47, ,237.S4. Total, 1868, ,e96, ,9S9.S7. With
the great reduction of taxation by
the acts of Congress at its last
ernment in collecting the revenue will
be much reduced for the next fiscal year. 1t
is very doubtful, however, whether any
further reduction of so yexatious a bur then
upon any people will be practicable for the
present. AT all events, as measure Of JUS
tice to the holders of the nations certificates
of indebtedness, l would recommend that
no more legislation be had on the subject
unless it be to correct errors of omission OIL
commission in the present laws, until suffi.
cient time has elapsed to prove that it car
be done and still leave sufficient revenue tc
meet the current expenses of the Govern
ment, pay interest on the public debt, and
provide for the sinking fund established by
law. The preservation of our national
credit is of the highest Importance. Next
In Importance to this comes a solemn duty
to provide national currency of fixed, un
varying value as compared with gold
as soon as practicable, having due regard fol
the interests of the debtor class and the vi
cissitudes of trade and commerce, and con
vertible into gold at par.
The report of the Secretary of War shows
the expenditures of the War Department
for the fiscal year ending June so, 1871, to
be $50, l99, ,991 .S2, and for the fiscal year end
ing June 80, 1872 TO he S35 372