The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1878-12-06
thing. and carry with them unehallenged security
| aud respect.

past summer has been attended lev large numbers
OF our citizens. The brief period allowed for the
preparation ana arrangement of the contl1bu-
tons OF our citizens 10 this great Exposition
was well employed in energetic and judicious
efforts to overcome this disadvantage. These If.
forts led and directed by the General
were remarkably successful and the exhibition of
the products of American industry was creditable
and gratifying IN scope and character The reports
OF the United States Commissioners giving its re-'
suits in detail, will be duly laid before you our
participation in this international competition for
the favor and the trade of the world may be ex-
pected TO produce useful and important results in
promoting intercourse, friendship and commerce
with other nations.
In accordance with the provisions of the act of
feb. y, 1873, three Commissioners were appointed
10 an international conference ON the subject of
adopting common ratio between gold and silver,
for the purpose OF establishing internationally,
the use OF bimetaliic money, and securing hxty of
relative value between those metals.
Invitations We're addressed to the various Govern
mehts winch had expressed willingness 20 partci-
pate in its deliberations. The conference held ts
meetings. IN Paris IN August last. The report of
the commissioners, herewith submitted will show
IT'S results No common ratio between gold and
silver could be agreed upon by the conference.
Inc general conclusion was reached that il is neces-
sary TO maintain in the world the monetary func-
uohs OF silver as well as of gold leaving the selec-
ton OF the use of one or the other of these two
metals. or OF both, to be made by each state.
congress having appropriated at its last session
the sum OF S55UOOOO to pay the award of the Joint
Commission at Halifax. IT, after correspondence
with the British Government on the subject of the
conformity OF the award 10 the requirements of the
treaty and 70 the terms of the Question thereby
submitted to the commission. the President shall
deem IL ms duty to make the payment. commune
CATIONS upon these points were addressed to tho
BRITISH government through the legation of the
united States at London Failing 10 obtain the con-
currence of the British Government in the views Of
tins Government respecting the award. / have
deemed II my duty to tender the sum named, with
IN the year fixed by the treaty, accompanied by a
houce OF the grounds of the payment, and protest
against any other construction of the same. The
correspondence upon this subject will be laid be-
fore you.
The Spanish Government has officially announced
the termination of the instruction in Cuba. and
tue restoration OF peace throughout that island
Conhdent expectations expressed of a revival of
trade and prosperity, which it is earnestly hoped
may prove well-founded Numerous claims of
American citizens for relief for injuries restora
uon OF property have been among the incidents of
the long. ontnued hostilites Some of these claims
are IN process OF adjustment by Spain and the
others are promised early and careful consideration
The treaty made with Italy, in regard TO reciprocal
consular privileges las been duly ratified and pro-
claimed.
No questions Of grave importance have arisen
with any other OF the European powers.
The Japanese Government has been DESTROYS Of
revision OF such parts of its treaties with foreign
powers as relate TO commerce. and, IL is under
STOOD mas addressed TO each of the treaty powers
request 10 open negotiations with that view. The
United States Government has been inclined 10 re-
gard The matter favorably. Whatever restrictions
people cannot but affect iniurously nations hold
ing commercial intercourse with Them Japan.
after long period Of secluson. has within the past
lew years made rapid strides in the path of enlight
eminent and progress. and. not unreasonable. is
looking forward 70 the time when her relations with
Tue nations OF Europe and America shall lie assim-
Hated to those which they hold with each other.
treaty looking TO this end has been made. which
VIII he submitted for the consideration OF the
Senate.
After an interval OF seven years the Chinese Gov.
ernnent has again sent ENJOYS 70 the United States.
They have been received. and permanent legation
is now established here by that Government. 1t Is
not doubted that this step will be Of advantage to
both nations in promoting friendly relations ard
removing causes of difference. Tie treaty with tie
Samoan islands, having been duly ratified ami ac-
ceptcd on the part of bonn Governments T. now in
operation. and survey ana sounding ot the harhor
OF Pago-Pago have been made 10y naval vessel Of
the United States. with view of It's occupation as
naval station. II found desirable % the s-ryice.
Since the resumption OF diplomatic u latious with
Mexico. correspondence has been opened and siill
continues between tine two Governments upon the
various questions which al one iiuc sctlirl "a en-
danger their relations. While formal Agreement
has been reached 20 The troubles On tiic border
much has been done t. rcpress and diminish them.
lhc elective force OF United States troops on the
Rio Grandc. 10y strict and ;aith.ul compliance
with instructions. has dome much O. remove the
sources ot dispute. ana IL l. now understood that
ike force OF Mexican troops on tie ather side Of
the river i also making uu cnrrg"u movement
against the maraudiug Indian tribes. This
Government looks with The grrate-t satisfac-
ton uIon every evidence ~ strength
in the nat onal authority of Mexico gud up y, every
effort put forth e. prevent OF t. punish incugsilus
upon our territory. Reluctant 70 assume any ac-
ton or attitude in the control ot these incur,ols.
by military movements across the border. nut iIu-
perativcly demanded for tine protection OF tlo lives
and property of our own citizens. shall take the
earliest opportunity consistent with tie prope dis
charge OF this plain duty to recognize the ability If
the Mexican Government 10 restrain effectively yio-
lations OF our territory. IL j. proposed q hold
next year an international exhibition IL AeXiro ll
II Is believed that tie display 60 TIC a-tlrG!tucl
and manufacturing products OF the two nations will
tend to better understanding and increased COM
mercial intercourse between their people
With Brazil and the republics Of Central and
South America some steps have been taken toward
the development of closer commercial Intercourse.
Diplomatic relations have been resumed VITA Co
lombia and with Bolivia. a boundary question be-
tween the Argentine Republic and Paraguay has
been submitted by those Governments tor ariitra-
ton e. the President Of the United States and 1
have. after careful examination, given decision
upon IL.
The National Finances.
The report of the Secretary OF r'ie Treasury fur.
nishes a detailed statement of the operations Of
that department OF the Government and of the
condition OK the public finances.
The ordinary revenues from all sources for the
fiscal year ended june ~. ISIS were S251 G3 $3.50:
the ordinary expenditures for the period were
S2a6.Wl ~: Sl-leaying surplus revenue for the
year Of S2U.iHl,50l.W.
The receipts Of the present fiscal year, ending
june -. 1872. actual and estimated are a. follows:
Actual receipts for the first quarter commencing
July /. lS'c. Ss33N. 1913: estimated rcccp.~ for
remaining tnrec-quartcrs Of the year. Si!1
10 2JG 81 total receipts for the ciirrcat fiscal
year. actual and estimated. S24.5O0uOu. The ex-
penditurcs for the same period viii be-. actual and
estimated as follows: For the quarter commence
ing July l. ISIS. actual expenditures. St3244jt321
and for the remaining thrce-quarters of the yea
the expenditure ere estimated at SlGG t5j l2d
making the total expenditures S2l01CU. u0l am
leaving an estimated surplus revenue for the ven
ending June 30, 1919. of S2l.400.000
The total receipts during the next FISCAL year end
inc June 80. ls'S' estimated according 70 existing
laws will be s2ti5QO.UOU: and the estimated ordi
nary expenditures Tor the same period will be
S2,6'20.4l26c, leaving surplus of S2S,i19,5o7 80
for that year.
III the foregoing statement Of expenditures actual
and estimated. no amount is allowed for the sink.
ing fund provided for 10y the act approved Feb %
lsG2 which requires that per cent. of the entire
debt of the United States shall he purchased or paid
within each fiscal year. to be set apart as a sinking
fund. There has been. however. a substantial com.
pliance with the conditions of the law By its
terms. the public debt should have been reduced
between 1862 and the close of the last fiscal wear
S5lS.36 .SOG2o the actual reduction Of the ascer-
tanned debt. in that period has been S12l GA 13g6l
being in excess of the reduction required by the
act, S202. 2S2 g33.33.
The amount of the public debt less cash in the
treasury. Nov. l. 1873, was S2.024 O0Oo31 S-a re-
iuction, since the same date last year. of S2315O-
1879.
The progress made during the last year i'm re-
unding the public debt, at lower rates of interest