The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-12-04


piss upon the questions presented or To dis
tribute the fund received; II is cminrntly do
sirthlr that definite Legislative action should be
taken either affirming the awards 10 bc final or
providing some method for the discrimination
OF t'.c claims.
Our relations with the republics " Central
md South America. and with the empire Of
Brazil have continued without serious change.
iurlhcr thnn the temporary int Eruption OF din
| lnmntic intercourse with Venezuela and with
Sr"" iy restored VIII VenUz "S " and L is nGi
| doubted that al grounds Of Misunderstanding
| with Guatemala Will speedily be removed From
| nll these countries there are favorable inhica-
tiuns 81 n disposition on the part of their Gov
| crnmcnts and people To rccIprOcatc our efforts
| in the direction OF increased commercial inter-
course.
THE ,prEaL or THE s,MoANs
The Gov 'rnurnt of tho Samoan islands has
! sent nm envoy. in the person Of its Secretary Of
| Stntc. to invite the Government of the United
| States t. e.ononiize and protect their ind,pcnd-
| ence. to establish commercial relations with
| their people. and to uss ist them IN their stops
! toward responsible and regulated government.
! The inhdh tints of hose islands, having made
cons 'd'rihlc progress in Christian civilization
! their ability to maintain peace and indcp"nd-
once without the ud OF some stronger power.
| The subject Is deemed worthy of respectful Mt
| t"ntion. md the claims upon our nSs stance hy
! this distant community Will bc carefully cunsid-
OUR TRADE WITH orHrR NATIONS
! Tho long comm"r''a depression IN the United
States hrs directed attention to the subject of
! The possible ia rra-c OF our for ign trade and
| NE M thnds tor its development. not only Win
| EUROPE. hut with other countries md csporiny
WIN Inc Siitt ana SNNpffIEntirN O fnf west
liemisphrrr lnslru lions from IN" Depart
! mont ul state re- issued to the various ii pio-
mutir and consular officers of the Government
ash ing th"m u drNoi" their attention ~ the
/ question of tlw methods 10y which trad" between
/ tn" rrsp"t W. counties OF their on 'inl r.-i-
drnrr aud the Unit II II ties could be- most Judi
ciously iost'r'd. In obedience to these instru'-
tons. computations and reports upon TINS sub
| Irot hnNr been made hy muuy oi these officers
| and transmitted 10 the department and the
same are submitted to the consideration OF Con
SECRETARY sHEnMANs REPORT.
Tho annual report Of the Secretary " the
| Treasury ON IN" stat" of tho finances presents
| importnnt questions Tor the acton of Congress.
| upon -om' ui VIII III nave already remarked.
The revenues Of tho Government DURING the
| ns an vrnr ending June 80. 1871 were $500
| Oo0 5sGG2 Tn inn expenditures for TIA" same
/ unriod were s2is $50 g3. leaving a surplus
r"v.nu" ~ s3o3in.571G9. THIS has suli.tnn-
/ tally supplied the requirements of the sinking
iund for that vcHr The csi ninted revenues NJ
the current ils ri year are s2d5 .jooooo. aud the
estimated rNr"nd lures for the sam" period are
| 1922 i3O ~ II these estimates prove to be-
corr"t thor, will lee a surplus revenue
Of f33 .u6a.}j 2S an amount nearly sum lent for
| thu sinking fund for that year. The estimated
I rovenu,s for the next fis al yelr IRE $3.50 25n
| 600 IL appears from the report TINT. during
the last iis al year. the revenues of the Covorn
mrnt, compared with the previous year have
| largely decreased. Thus drcrrHsr amounting
to the sum OF SIS ASH 452 ID was mainly in ciis.
| toms duties. cnus"d partly 10y large uing on
| partly by tn" general fall of prices in tn"
markets of produ ton OF such articles pay
al yulorcm taxes While this is felt iniuriously
| accompanied with u very lnrgc increase ot cN-
porintions. The total exports during the lust
l57. ana the imports have been slg2 Oa5 $40.
leaving II balance OF trade in favor of tn" nited
States amounting To- tn" sum OF Sl6b .j39 .9l1. the
irn"n 'iul IN - ol WIN "Ntrnd Ia all brhnch'~
| OF business. TIL" rStlmn'ed revenue for the
next is al var will impose upon Congress the
! duty oil strictly liul'hE ,npprorlat un~, in
! Guiding IA" requisite sum Tor the maintenance
Of the sinking imnd, within the aggrclat" e-i
mat" r"Flpis. Niti" Inc aggregate OF taxes
should not be- in''r.ased. amendments might be-
made L. revenue inwS TINT would without
diminishing IN" revenue. relieve the people
from uunecr -S~uy burdens. tax on tou and
coffee l. shown 10y the .Npcrl'nro. not only of
cur own country, hut Of other countries. Ia b"
cusily collected without loss bv undrrvalutiun or
frand and largely born" IN the country OF pro-
duotion tiN III ten cents pound on tea. nnl
revenue exceeding l2ouuo ,n. aud thus enable
Congress to repeal u multitude Of ANNOYING
taxes wedding revenue not exceed NJ that
sum The internal reVenu" system grow utlf of
The n"c'ss lies Of tue war and most OF the l,sis-
lntion inpus M taxes upon domestic produ Is
undrrthis system has been repealed. rs the
substitution OF a tax ON TIA aud coiler all forms
that on Mi skry splrii- tnln,.co and h',.r
Attention ~ also called To thr nreosS ~ of en-
nrting more vigorous laws Tor The pro-, 81 on Of
the revenue aud Tor the nun shmrnt of frauds
and smuggling. This can h'st b' done bv Judi
81 ait.,n,rioi fraud 6y mn,irryi,iua, on anil
smu .sllug. All revenue laws -hpnil h, simple
ia their provisions AMI easily undrr-tuud 80
FAR ~ pra.tnHh" ~" rni Is 81 fNn'i"n should
Dee in the form of sWciii" dut -. and not ad
Wlnr"m, curing lnr M lsin'nt 90 "Nl"ri-
tn rev 'nun to tlr u-n.pt.to of fraud
Nv attention hu- ben called. during tho
rrc'-s oi Congress. t. ahus - 90 stin'. AN the
collection oi tine CUSTOMS. und strenuous Efforts
haNs been made lur their CORE on rs oN,,u-
tive orders. TIL" r"omm'nd"t ln- submitted
To- the Secretary eff the Treasury hy a ,umms-
sion apo ntrd to "Namin" into t1r collie ton of
/ cusioiil. duties at the port Of NV Nur, contain
many suggestions Tor the mod h'aiiun OF tn"
customs laws. 10 which the attention oi ConS. 81,
rt,prrr PATH IrSpuoKrN
II l. matt n OF ron raiuntun t!t nQ,wiih-
standing tl severe burdens rau, a 10y ilc war
served, ana that, n the result ni tn, rolcy the
public credit has continuously udN an ."d and
highest favor m Tie markets. Of the w5ril |
lrusi that no act ol tn" Government vi east u
shadow upon is credit
TIE PUBLIC DEBT.
The progress of roiundn-. Tia" nnhlir H. VI
has been rand and iii ~ftrtury. adler tn"
contra - -tlnl, when | entered upnn the lis
rhure. Il Tie duties ui my mi o., bonds caring
IA, r.-t at the rate of - per cent. were being
gr gut -nl 81 tn. So bonds had r,,l-h.l tn,
sum Of s4UJ .0Ouuuu. With nay sanction tn.
Sr r'tnry. of n" Treasury entered INTO u new
'"hirH't Tor TIE sol" ol hour per cent bonds.
an tnln thirty days after the popular suii-
rpti"n ior -u'h bonds wns or'n"l .u'- rms
W'r" pud l"l tim ninety days ultNr Ga" dnt''
Of sui- rlpii"n. Ey this process within hat
~ ~ nnpllr H'pl Wie r"iur'd IN lhrt nm oi
iJP1Np. r'fonh'nd tl" "a table pros i9-
inu hr made to gamble the people tp'l-l '' rnu-
wort N."lr saving niu Nutt rnm'W s"nutii .-
, a. thD h'-t mode in which small saN u-,- UIiN D.
, we'll secured aud yirida moderate M / ~. II
H. an uh"l ~ ,nun' pnN'N 10 friuh lnnn-
uur own le"plc III" securities of the Ia ~
against th"ir su'lI"n return from foreign 'oun-
, I tres. caused hy war oI other disturbances bo-
j You'd our limits.
, TINE corNrnY'sa-Brrp,vG INTERESTS.
The commerce. ~ tu' Uu t.l S'.t,~ with fo.
olsn nHuon-, and especially tur export of
HfI ftTI