Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1872-12-03
--oUR EEACE rKIrM.Hs.

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.r rOUR,FEACE TRIUMsHS.
II compliments Hon. Charles FRAN
els Adams the American Arbitrator at Ge-
neva, and Mr.. Bancroft, Minister at Ber-
lin, for their earnest services in the matter
of the Geneva and the San Juan Arbitra-
tions, the decision in the latter leaving the
United States for the first time without
any question as to disputed boundaries.
In regard to the fisheries and to our rela-
tiOns with the British North American
Provinces, the President says that lie has
received notice that the Imperial Parlia-
ment and the Dominion Government have
passed laws to carry the provisions Of the
Treaty of Washington into operation, and
he, therefore, recommends a legislation of
Congress in the same direction, He speaks
of the friendly relations Of the United
States with all the Governments of Eu-
rope. He refers to the Vienna Interna-
tiOnal Exposition, recommends the fitting
up of two national vessels to convey the
goods of exhibitors to Trieste and suggests
that proposition be made to have the
next great exposition in this country in
1876, at the time of the Centennial Cele-
bration in Philadelphia.
-. crRA ssIsltr'
He refers to the disturbed condition of
Cuba, and says that no advance to-
wards pacification i'll that island has been
made, while the instruction had gained
no advantages and exhibited no more of
the elements of power or prospective sue
cess than year ago. Neither had Spain
succeeded in repressing the insurrection.
The parties to the strife were standing in
the same attitude as for a long time past.
The continuation of slavery in that island
he regarded as among the strongest causes
Of the continuance of the strife, and he
thinks that the abolition of slavery and the
Institution of other reforms there, could
not fail to advance the restoration of peace
and order. 1t was generally to be hoped
that the present liberal government
of Spain will voluntarily adopt that view.
He, referring to our relations with China
and Japan, the President recommends
provides for maintaining four American
youths in each of these countries as a part
of the diplomatic family of our Ministers.
OUR FINANCES. F. Is -
lie gives details of the revenue received
in the past year and of the reduction to
the amount of over one hundred millions
of the public debt. He expresses a doubt
whether any further reduction in taxation
is practicable for the present and he recon-
mends that no more legislation be had
Oh that subject except to correct errors of
| omission or of commission in the present
laws until sufficient time shall have elaps-
| ed to prove that it can be done and still
! leave sufficient revenue to meet the cur
rent expenses, to pay interest on the pub
| lie debt and to provide forthe sinking fund.
J He suggests, also, that the currency shall
! be as soon as possible brought to par with
| Gold.
! INTERNAL IMPROVEMENTS.
He saws that various enterprises will be
| brought to the attention of Congress for
the cheapening of the transportation OF
produce from the West to the Atlantic sea-
coast and suggests that steps should be
| taken to gain all available information to
ensure equitable and judieious legislation
| In this connection he refers favorably to
! the proposed route to connect the Missis-
sippi Valley with the Atlantic at Charles
ton and Savannah, by way of the Ohio
and Tennessee Rivers, also to the proposed
extension of the Kanawha and James
/ River Canaland the Chesapeake and Ohio
Canal, and TO the proposed canal around
! Niagara Falls. He says that there should
be an almost continuous system of land