The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-12-03

, with them. Japan, after long perlou Oh
seclusion, has within the past few yearE
made rapid strides in the path OF en-
lishtenment and progress, and not un'
reasonably Is looking forward to the time
which her relations with the nations o.
Europe and America shall be assimilated
TO those which they hold with each other.
A treaty looking 10 this end has been
made, which will be submitted for the con-
sideration OF the Senate.
After an interval OF several years, the
Chinese Government has again sent en-
VOWS to the United States. They have
been received, and permanent legation Is
now established here by that Government.
It is not doubted that this step will be OF
advantage to both nations in promoting
friendly relations and removing causes OF
difference. The treaty with the Samoan
Islands, having been duly ratified and nc
cepted on the part OF both Governments,
is now In operation, and o survey and
soundings OF the harbor OF Pago.Pago
have been made by naval vessel OF
the United'States, with view OF its occu-
patton MS naval station, ii found desira-
bic TO the service. ...
MEXICO.
Sincethe resumption Of diplomatic rela-
tons with Mexico, correspondence has
been opened and still continues between
the two Governments upon the various
questions which at one time seemed to en-
danger their relations. While no formal
agreement has been reached. Us to the
troubles on the border, much has been
done TO repress and diminish them. The
effective force OF United States troops on
the Rio Grande, by strict and
faithful compliance with instructions, has
done much 10 remove the sources OF dis
putc, and it is now understood that like
force OF Mexican troops on the other side
OF the river is also making an energetic
movement against the marauding Indian
tribes. This Government looks with the
greatest satisfaction upon every evidence
OF strength in the national authority OF
Mexico and upon every effort put forth to
prevent or 10 punish incursions upon our
territory. Reluctant to assume any action
or attitude in the control OF these incur
sions, by military movements across the
border, not imperatiyely demanded for the
protection OF the lives and property OF our
own citizens, | shall take the earliest OPP
portunity, consistent with tho proper dis
charge OF this plain duty, to recognize the
ability OF the Mexican Government TO re-
strain effectively violations OF our terrific
nv. 1t is proposed TO hold next year an
international Exhibition in Mexico, and it
is believed that the display OF the agricultu-
ral and manufacturing products OF the two
nations will tend to better understanding
and increased commercial intercourse be-
tween their people.
With Brazil, and the Republics OF Gen.
trail and South America, some steps have
been taken toward the development OF
closer commercial intercourse. Diplomatic
relations have been resumed with Colom-
bia and with Bolivia. A boundary ques-
ton between the Argentine Republic and
Paraguay has been submitted by those
Governments for arbitration to the Prcsi-
dent OF the United States, and have, at-
ter careful examination, given q decision
upon it.
A naval expedition up the Amazon and
Madeira rivers has brought back informa-
ton valuable both for scientific and COM
mercal purposes. A like expedition Is
about visiting the coast OF Africa and the
Indian ocean. The reports OF diplomatic
and consular officers in relation to the de-
velopment OF our foreign commerce have
furnished many facts that have proved OF
public interest, and have stimulated to
practical exertion tho enterprise OF our
people. I1uH.. .s....
THE GOVERNMENT FINANCES.
The report Of the Secretary OF the
Treasury furnishes detailed statement
OF the operations OF that Department Of
the Government, and OF the condition OF
the public finances.
The ordinary revenues from all sources
for tho fiscal year ended June 3Oth, 1878,
were $257, 1885, 20; the ordinary ex-
penditurcs for the same period, were
$3.50, 064 ,326 S0-leaving surplus revenue
for the year, OF $50, 790, Dol 90. \
The receipts for the present fiscal year,
ending June Both, 1870, actual and esti-
mated, are as follows: Actual receipts for
the first quarter commencing July LIST,
1878, SO, 3s9, 7l3 43; estimated receipts for
the remaining three.quarters OF the
year, Sl9l, ll0,25G 81; total receipts
Tor the current fiscal year, act
ual and estimated, 500, 500, 900. The
expenditures for the same period will be,
actual and estimated, rs follows: For the
quarter commencing July !, 1878, actual
expenditures S73, ,573 27; and for tho
remaining three.quarters OF the year, the
expenditures are estimated ut SlG6, I55,-
1876 73-making the total expenditures,
$240, 100 900; and leaving an estimated sur
plus revenue, for the year ending June 80,
1870, OF So, 100000.
The total receipts during the next fiscal
year, ending June 80, 1850, estimated ac-
cording to existing laws, will be 500, 50O,-
900; and the estimated ordinary expendi-
lures, for the same period, will be $780,
$40, 4l2 IS; leaving q surplus OF S2S,l7g,-
5s7 50 for that year.
In the foregoing statements OF expendi-
lures, actual and estimated, no amount is
allowed for the sinking-iund provided for
| by the act approved February %, 1862,
which requires that one per cent Of the
entire debt OF the United States shall be
purchased or paid within each fiscal
year, to be set apart as sinking:.iund.
There has been, however, substan-
tial compliance with the conditions Of the
| law. BY its terms the public debt should
have boon reduced between 1862 and the
close Of the last fiscal year S5lS, 36l SOC %;
the actual reduction OF the ascertained
debt in that period has been S720, Gill;
1850 Gl, being in excess OF the reduction re-
Quired by the sinking fund act, $2O9, 2s2,-
l 033'33. - -
The amount OF the publicdebt, less cash
in the treasury, November l, 1S7S,was 81
024 200, 0S3 Is, production since the same
date last year OF S23, l5O,Gl7 80.
! The progress made during tho last year
in rcfunding the public debtat lower rates
OF interest is very. gratifying. The amount
OF four per cent bonds sold during the
present year prior TO November q, 1873,
lis Sl0O, &c, 900, and six per cent bonds
commonly known as five-twenties, 10 an
equal amount, have been, or will be re-
deemed as calls mature.
It has been the policy Of the Depart
ment to place tho four per cent bonds
within easy reach OF every citizen who
desired TO invest his savings, whether
small or great, in these securities. The
Secretary Of the Treasury recommends
that the law 10 so modified, that small