Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1872-12-05

mau Empire respecting consuls and
trade marks; also OF a treaty with Swe-
den and Norway relating TO naturaliza-
ton, all of which treaties have been
fully proclaimed.
INTERNATIONAL STATISTICAL con-
GRESS.
Congress at its last session having
made an appropriation to defray the
expense OF commissioners on the part OF
the United States to the international
Statistical Congress at St. Petersburg.
the persons appointed in that character
proceeded to their destination, and at
tended the sessions OF the Congress.
Their report shall in due season be laid
before you. This Congress meets at
intervals Of about three wears, and has
held its sessions in several of the coun-
tries. I submit TO your consideration
the propriety Of extending an invita-
ton to the Congress to hold lis next
meeting N the United States. The
Centennial celebration, to be held in
1876, would afford an appropriate oc-
casiOn for such meeting.
THE VIENNA EXPOSITION.
Preparations are making for the In
ternati0nal Exposition to be held during
the next yeBr in Vienna on scale OF
very great magnitude. The tendency
of these Expositioas is in the direction
of advanced civilization, and of the eIe-
yation OF industry and labor, and of the
increase Of human happiness, as well as
OF greater intercourse and good Will be-
tween nations. AS this Exposition is
TO be the first which will have been
held in Eastern Europe, it is believed
that American inventors and manu-
facturerS will be ready to avail them
selves of the opportunity for the pre-
.sentation of their productions if encour-
aged Oy proper aid and protection.
MEXICAN AFFAIRS.
Since your last session, the President
of the Mexican Republic, distinguished
by his nigh character and by his SER
vices to his country, has died. His
Temporary successor has now been
elected with great unanimity by the
people, a proof of confidence on their
part in his patriotism and wisdom,
which it is believed will be confirmed
by the results OF his administration. Ii
is particularly desirable that nothing
should be islt undone by the govern
ment OF either Republic to strengthen
their relations as neighbors and friends.
PUBLIC DEBT.
From the foregoing statement IL ap-
pears that the notreduction ot the prin-
clpal of the debt, during the fiscal year
ending June 80, 1872, was S93, $3.50, ,2j3 81.
The sources of this reduction are as fol-
lows: Net ordinary receipts during the
year s354, ,694, ,229 81; Eet ordinary .ex-
penditures, including interest on the
public debt, S270, ,559,695 81. Balance
S9l, 134 ,534 90. Add the amount re-
ceived from the premium on sales of
gold in excess of the premium paid on
bonds purchased, s., 454, $40 So; add the
amount OF the reduction of fhe cash bal
ance at the close Of the year, accompa-
MED with the same at the commence
ment of the year, 1881, ,94S 65. Total
S99, $50, ,253 54. This statement tleats
solely Of the principal Of the public
debt. BY the monthly statemento of the
public 6ebt, which adds together the
principal and interest due aud unpaid. !.
and interest accrued to date due, and
deducts the cash in the Treasury as ac-
cording On the day'of publication, the
reduction was a$100, ,544, ,46I %. The
source OF this reduction is as follows /:
Reduction in principal account, $99,-
$780, ,003 81; unpaid Interest account.
s., ,330, ,952 26; total, $l83, ,29e, ,S56 so; re-
duction in cash ON hand, 81, 746,465 %;
total, $l00, ,491 2S.N
On the basis of the last table, the
statement show reduction of the pub
lie debt from Sst of March, 1859, to
the present time, as follows: From
March l, 1869, to March l, 1870. to
March /, 1871, Sll7, 7,619,630 p; from
March l, 1871, to March 1, 1872, S9l,-
S95, ,34S 81; from March l, 1872 to No
'vember1, 1872, eight months, $54,04z,-
237 81; total, 1885,, 1896, ,999 81.
T With the great. reduction of taxation
by Congress at ifs last session, the ex-
penditures Of the Government in col
lecting the revenue will be much re-
duced for the next fiscal year. It is
very doubtful, howeyerI whether any
further reduction of SO Vexations a
burthen upon any people will be prac-
ticable for the present. At all events,
as measure of justice to the holders of
the nations certificates of the indebted
ness, would recommend that no more
legislation be had ON this subject, un-
less it to be correct errors of omission
and commission in the present laws,
until Sufficient time has elapsed to prove
that is can be done and still leave suffi-
Gent revenue to meet the current ex-
penses of the Government, 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 I'M
portaHce to this comes a.solenn duty to
provide national currency of fXed,
unvarying value as compared with
gold, and as soon as practicable, having
due regard for the interests of the
debtor and the vicissitudes. of trade
and commerce, convertible into gold at
par.
INTERNAL ALLIP2oTEMENTS.
The attention of Congress will be
called during the present session to var
iouS enterprises for the more certain
and cheaper transportation of the con-
Stantly increasing surplus of western
and southern products 10 the Atlantic
sedb0ard. The subject is one that viii
force Itself on the Legislative branch OF
the government sooner or later, ami /
Suggest, tllefeiOIS; ttldt lIllJneuiate steps
be taken to gain all available informa-
ton to insure equal and just legislation.
a route TO connect the Mississippi
valley with the Atlantic at Charleston,
5. c., and Savannah, Ga, by water, by
the way of the Ohio and Tennessee riV-
ers and canals and slack water nayiga-
ton to the Savannah and Oemalyee
rivers, has'deensurveyed and a report
made, by an accomplished engineer
officer of the. army. a second and
third new route will be proposed, for
the consideration of Congress; namely,
byan extension of thes i<anawha and
James river canal. L ain not prepared
to recommend what Government aid
should be given to these or other e.. ter
prises until it is clearly shown that they
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