The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-05-02
THE NEW DOMINION.
Tho Correspondence with Great Britain on the
Abduction ofthe Schooner Horton-Her Ma
jesty's Government will Let the Mat
ter Drop-The Budget Property
and Financial Strength Of the
Country-Endcrsing the
Washington Treaty.

OTTAWA, Ont, May !, 1872.
The correspondence between the Dominion ana
the imperial governments for the purpose Of
bringing before the United States government the
Illegal abduction by American citizens from Guys
boro Of the schooner Horton, was presented to the
House, The first paper, memorandum from the
Committee Of the Dominion Privy Council to
Earl Kimberley, stated that the committee
were Of the opinion that the gross care
lessness exhibited In guarding the vessel
would be suitably requited by losing the
prize money which might have been realized had
she been properly guarded. The committee consid-
cred that any question OF ndgnity to the nag might
properly be left to the imperial government, who
alone were competent to deal with 1t. Believing
that the rescue Of Its vessel hsd been planned by
parties In the United States who having objects Of
their own, desired to create difficulty, and thereby
disturb the entente co,dta,e which existed between
that country and the British empire, tho committee
did not feel called upon to recommend that any re-
clamatlon OF the vessel In question should be made
by the dominion government 1 tpt nf
Earl Kimberley, In reply says that he recognizes
with satisfaction the moderate and dignfed course
adopted by the Canadian government Such Goa
duct, he says, Is mainly calculated to promote sat
isfactory and friendly relations with the United
states government, which 1t IL the earnest desire
OF Her Majesty's government to see maintained In
then full integrity He promises that the full CIR
cumstances OF the case would be carefully cOnsd
presentation should be made to the United States
1t would be done.
Then follows despatch from Earl Kimberley TO
Tie Governor General with which he transmits the
dispatches received by the Foreign Office from the
British Minister at Washington, which convey the
~ tha nrt ,s mesn papefs nad NOT been issued
the part OF her captain and General Butler were
fusaL 7TT' MI
Then follows communication from Earl Kim
bery to the Governor General in which he states
that after o careful consideration of the facts Her
ODkntOn
circumstances did not require that representation
should be made 10 the United States government on
Sir Francis Hncks, Finance Minister, presented
the budget. He said the debt Of the Dominion
might be put down at $50, 600 0Oo The cost Of pub
He works since the confederation including the In
sequent on the annexation OF the North-
west Territory, amounts to $7,2o6 29s. OF the
public works charged against the capital the cost
was 81, 1870, 1885, while the Increase OF the debt
only 81, 600. This was most gratifying result,
and he might add that, though upwards Of three
year the debt decreased over $5oo,0O0 The amount
now in savings banks on deposit was over
Inconvenience rom a sudden withdrawal Of Of dc" de-
posts $l,6o00o0 Of Canada dcbentures was spe-
claly reserved for that purpose Last year the r.
nance Minister had estimated the revenue at
$lI3eo,Oo0, but the actual revenue had been over
sls,ooO,ooo. The expenditure was less than was
estimated; so theSe had been q surplus OF over
been $500, O0O
Inc revenue lot the current year VIII be In
excess Of hast year and win not be less than
$2o0000OO. The current revenue will be $12 600
instead Of slo,o0oooo willie the receipts from
inland ravenue will be $25o,000, above what was
expended There was an increase on every hand
OF revenue; and there would be a surplus Of over
$3250, 600 for the year which is to come. The eet-
mated expenditure will be about $40, 900
charged against the consolidated revenue, and
about chageabe to the capital for public
works. There was q total Of the cOnte. lplated
expenditure Of $4o,ooo,OOo for Pacific Railway and
other works,
THE FISHERY CLAUSE IN THE WASHINGTON TREATY.
He then referred to the Treaty or Washington,
and the effects of the Imperial guarantees. lie said
rom tne irst he considered 1t misfortune that Sir
John IA. Macdonald had been asked to become u
member OF the Joint Commission, but that he was
gnite certain that he could not possibly have re-
fused the offer made him. He pointed out the
advantages OF the treaty and showed that although
1t must be admitted that none OF ns were quite
satisfied with all its provisions, we should be as
Stunning grave responsibility, pregnant with
danger to the best interests OF Canada, If we re-
fused to agree 10 the fishery clause.
He believed there was still probability OF the
amount asked for the Dominion authorities, viz,
$40, O000 The value Of the loan WIS sufficiently
market after refusing to agree TO the fishery clauses,
and tried to raise $40,000000 should scarcely be
able TO do so at six per cent He had no doubt that
the imperial guarantee wOnd save the country
$500, 900 year and when VIC took into considera-
ton the Importance of being in q perfect state OF
accord with England and at peace with America,
the House would be taking upon itself tremendous
responsibility IL 1t refused to concur In the fishery
clauses
1t has been determined not TO interfere with the
tariff this year, as changes are about to take place
in the United States tariff Canada now stands
sixth among the nations in trade matters. Sir
Francis then touched upon the w0uld-be treaty
pendencc agitation wished to effect; but we could
not suppose that England would consent to such
treaty, which would be hostile tari1 to that OF
England.