Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1878-12-11
d and silver, for the purpose

August last; The eport Of the commissioners here
rates between gold and silver coud be agreed upon
by the conference. The general conclusion was
the monetary FUNCTIONS of silver as well as of
gold, leaving the selection OF the use of one the
other CT these two metals of both to be made by
THAT LITTLE S.. 100000
Congress having appropriated at its last session
the sum of So 100000 to pay the award of the joint
commission at Halifax; its after correspondence
conformity of the award to the requirement. of
the treaty and to the terms of the question thereby
submitted to the commission, the president shall
deem it his duty to make the payment. Com
he trough e ego
the u s at London falling to obtain the concur
this government respecting the award 1 have
deemed it my duty to tender the sum named with
notice of the grounds of the payment and pro-
test against any other construction of the same,
before you.
END OF THE CUBAN REBELLION.
The Spanish government has officially announced
the termination Of the nsurrection in Cuba and the
restoration of peace throughout that island. Conf
dent expectations expressed of arevval of trade
and prosperity, which it is hoped may prove we'll
founded. Numerous claims of American citizens for
relief for injuries restoration of property have
been among the incidents of the long continued hos
ilities. Some of these claims in process of adj
ustment by Spain and the others promised early
and careful consideration
TREATY ITALY.
consular privileges has been duly ratified and pro
claimed.
OTHER POWERS.
No questions of grave Importance have arisen with
any other of the European powers
JAPs.
The japanese government has been DESTROYS of a
revision of such parts of its treaties with foreign
powers relate to commerce, and it is understood,
has addressed to each of The treaty powers request
to open negotiations with that view. The U. S. gov.
has inclined IA
vorably. Whatever restrictions upon trade with ia
pan are found injurious to that people cannot but
affect injurious1y nations holding commercial inter
course with them. Japan, aftet long period of Sc
clusion, has, within the past few years, made rapid
strides in the path of enlightenment and progress,
aud not unreasonapy is looking forward to the time
when her relations with the nations of Europe and
America shall be assmatei to those which they
hold with each other. treaty looking to this end
has been made which will be submitted for the con-
sideration of the senate.
THE CHINESE.
After an interval of several years the Chinese gov
eminent has again sent ENJOYS to the United States
They have been received and permanent legation
is now established here by that government 1t is
both nations in promoting friendly relations and re-
moving causes of difference.
SAMOAN ISLANDS.
The treaty with the Samoan Islands has been
duly ratified and accepted on the part of both gov
ernments and is now in operation and a survey and
sonndings of the harbor of Sego Pago have been
made by naval vessel of the United States with a
view of the United States occupation naval sta
ton, if found desirable to the service. ... .s
--.a- MEXICo. rt.r..f ....-..
Since the resumption of diplomatic relations with
Mexico, correspondence has been opened and still
continues between the two governments, upon the
various questions which at one time SCENE "a to
danger their relations. While no formal agreement
has been reached as to the troubles on the border
much has been done to rcpress and diminish them.
The effective force of United States troops the
RioGrande by a strict and faithful compliance with
instructions has done much TO remove the source
of dispute, and it is now uIaerstood that a like
force of Mexican troops on the other side of the
river is also making an energetic movement against
MAR @ nS
of strength in the national authority of Mexico.
sh our territory Reluctant to as
sumo action attitude for the control of these
not imperatfveIy demanded for protection of lives
and property of our own citizens, shall take the
earliest opportunity consistent with the proper
discharge of this plain duty, to recognize the abil-
ity Of the Mexican government to restrain effect
hold next year an international exhibition in Mex
cultural and manufacturing products of the two
nations will tend to better understanding and in
creased commercial intercourse between their
people.
SOUTH AMERICAN STATES
With Brazil and the republics of Central and
South America, some steps have been taken toward
acknowledgment of closer commercial intercourse.
Diplomatic relations have been resumed with Co
between the Argentine Republic and
Paraguay. has been submitted By those govern
United States. and have, after careful eXamina-
ton, given decision upon it. A naval expedi-
lion up the Amazon and Madeira rivers mas
BROUGHT back information valuable both for
scientific and commercial purposes. A like eXpe
dltion is about visiting the coast Of Africa and
the Indian Ocean. The reports of diplomatic and
consular officers in relation to the development
of our foreign commerce have not only furnis he'd
many facts that have proved Of public interest,
but have stimulated to practical exertion the
terpriSe OF our people.
THE TREAsURER's REPORT.
The report Of the secretary Of the treasury fur
nlshed detached statement of the operations of
that department of the government and of the
condition of the public finance. The ordinary rev.
enues from all sources for the fiscal year end.
ed June Both, 1873, were $3.50 1853 S7S 20. The or
binary expenditures tor same period We're $685.
1914, 326 So leaving surplus revenue for the year
Of sc ,S99, 551 90 The receipts for the present s
cal year ending June so, 1879, actual and esti-
mated, are follows: Actual receipts for the lst
quarter commencing July l, 1878, S73, 3S9, 74343;
tiers OF the year, $191 ,256 81 Total receipts
for the current fiscal year, actual and estimated,
S264 100000. The expenditures for the same peri
Cd will be, actual and estimated, as follows: For
the quarter commencing July 1, 1878, actual ex-
penditures, 1884, 57327, and for the re-
naming three-quarters of the year
the expenditures are estimated at $685. 755, 426 3D.
making total expenditure of S240, 900, and
leaving an estimated surplus revenue Tor the
Year ending June 80, 1879, of S24, 400, COO. The
total receipts during the next fiscal year, ending
June 80. 1880, estimated according to existing
laws, will be S264, 500 900. and the estimated or
binary expenditures for the same period will be
1886 32O 4l2 IS, leaving surplus of $685. 49, 80
for that year. In the foregoing statements of ex-
penditures, actual and estimated, no amount is
allowed for the sinking fund provided for by the
act approved February IS, 1862, which provides
that ore per cent. of the entire debt of the Unit.
ed States shall be purchased or paid with each
fiscal year to be set apart sinking fund
There has been, however, a substantial compli.
ance with the conditions of the law. by it's terms
the public debt should have been reduced be-
tween 1862 and the close Of the last fiscal wear
1913 1861 ,S06 %. The actual reduction of the as
certained debt in that period has been $72O Ga
739 81, being in excess of the reduction required
by the sinking fund act s2O2, sS2 ,933 80. The
amount of the public debt, less cash in the treas
ury Nov 1, 1878, was S2O24, 2OO, 3.1s, a reduc-
ton since the same date last year of S23, 617-
80. The progress made during the last year in
refunding the public debt at lower rates Of inter
cent. bonds sold during the present year. prior
to Nov. %. 1873, is $1OO,270 ,90O and 6 per cent
bonds, commonly known as eos, to an equal
amount have been or will be, redeemed as calls
mature. 1t has been the policy of
the department ID to place the 4 per
cent. bonds within easy reach Of every citizen
who desires to invest his savings. whether small
or great, in these securities. The secretary of