Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1878-12-02

sions upcn crr territory. Reluctant to 2 sumo
anv action or attitude in he coDtr0! o. thfS2
inoursions, by military movements across The
| border, net imnclatiyrIy demanded l9r ne pre-
lection Of in, lives ace property OF ctr oWa
! citiznne, | sha! rake ihr earliest opportunity,
consistent with the proper discharge Oh tEls
plain duty, to recognize the ability @! the hltX
| lean G07eTaGcnt 10 restrain eIcctl7cy ViG!a
tons Of our territory 1t ls proposed TO hold
next year 40 ln!etnsLiODai Exhibition IL M5Ii'
co, and it il believed that the display OF the
AGRICULTURAL aud manufacturing products or the
two nations will teod to better understanding
and increased commercial lntcrcGurs" between
their people.
With Brazil, and the Republics OF CenirsI
aud South America, some stcrs have Deco
taken toward the Development CT c!,str cum.
mereial Intercourse. Diplomatic relations have
been resumed with Goloubi: and with Bolivia
A boundary question b@twccn the Argentine
Republic aod Paraguay kss been Submitted by
these Government for arbitration to the Prcsl'
dent tf tho Uoitad States. and J. have, alter
careful examination, given decision upon It..
A naval expedition up the Amazon and Ms-
deira rivers has brought back Information vau
able both fer scientific aud commercial puEpG--
ses. a liks cXpeGlLl01 Is abGu: Sl=iIiGG the
c. as; tf Africa a0d the ludian ocean. The RI"
ports Of Diplomatic and c0nsuGr ot!i3e!s liz rria
lion to the Development OF CTR 1Jrcisa CON-
meroe, have furnished rGapy Iac!s that have
proved of public interest, au;: haT: Stimulated
to practical eXarGi1E the cGtCTn;ise Of cur poo
pie.
The report OF tic Secretary 81 tbs Treasury
furnishes detailed statement 0! the Operations
Fl Of that Department OF The HoYcrnGGDt, and ci
the condition Of the public tioaaces.
The ordinary revenues fran all sources II
the fiscal year ended June 50, 1878, we're
f 1851 1863 S7S 10; the ordinary cxDc sditures Tor
the same period were 1896, 064 32G. So! Leaving
a surplus rcvenuo fer tho year, OF $2D, 100,
$3.50.
!, The receipts for Tic present fiscal year. crd
, ing June so, 1872 sclu, and estimated, ART
as follows: Actual rcccists fer the first quarter
commencing July !, 1878, SI3, $50 743 49, cs;l
mated receipts for he remaining three quarters
Of the year, $l9l, 10, 256 81; total receipts toI
the current fiscal year. actual ard estimated
t $2G4, SOC, 900. The expenditures for the same
petiod will be, actual and estimated, as follows
For the quarter commcnciog July l, 1878
actual expenditures, S73,344 573.2I ADD !or
the Remaining three quarters Of The year, tht
expenditures arc estimated at Sl6G, ij5, 1926. I:
, making the total expenditures, $249, 100, 0O0
, and Leaving an estimated surplus revenue, ioi
the year ending June 80. 1872 CT $24, 400, 600
The total rceei pts during the next fiscal year
eniing Jure 80. 1880, estimated according tt
, existing laws, will he $2G4 500 geo; ard tie
eliminated ordinary expenditures, t3r the same
period. will be 1886 320, 4l2 GS; lea7iGg &p:
plus Of SIS, l79, 5S7I 81 fer that year.
| Ia Tie foregoing statemclt5 9! expenditures
acua! and estimated, no amount Is allowed ioI
!; the sinking fluid provided for By The acS af,-
, proved February o. 1862, which requires that
one pcr cent. Of the euiire dc5t 81 tic Uattc
States sha!i be purchased or pall Nthio cacE
fiscal year, 10 &c set apart a. sinking fund
, There has been. however, sut"2nlsl coal
pliaIca with the o:ndiilous @! the Law. Ey l.:
: terms, the public debt should have been re-
: duoad between 1862 and the o!as. OF tic !:!;i
fiscal year, $5lS. 36l, S062S; the actual rtd1a-
tlon of the aseertai1ed debt, in that period, hiss
been S720 GA, 739 Gl; being in excess OF nc
reduction required by the siuking tuua aGt-
500. 2S2, 933 SO.
/ The amount nC The public d2bt. itss cash IL
, the Treasury, Novcu Der l, 1878, aas 81 OH :
!: 200 0S3 lS-a reduction, s!Ec. The saao date
last year, OF $23. $50, GlL39
, The progress made during tha last year. ID
refundng the public debt IT ios1cr rates # ia
terest, is very graii!grg Tho amount G! four
Der ocut. toaAs so!i during th~ srcscnE gear
prior to November %, 1878. is :?iUO2TQ, 900,
and six per cant. bends, commonly kny,Tn as
five tv7cnlca, TO an tqua! amount. have bco3,
or vii! be redeemed 81 calls c,atHrr.
! 1t haa been tic poiIo5 OF the Department 70
piaca the fjur per cant. bona; Wt!!:a ,c47
reauh OF every citizen ThU dcelrC5 &c i:"2:t hl9
aa2iGes whether small o. grasa;, ii these aecu:-
ties Thc Secretary II the Treasury rCcni;l.
nieat; ina. tbs Law Be 80 ;nCG'i!e'!, t;at SHai!
suins bay be invested and that t:ig1!i;a ;h'
posia ttisrs, OF oiicr :geuis Tie Cuy2rn:n%at,
The frees: opportunity Elay DC sicen y, Al! r:T;
Of the country for such Investments
Tie btst Ii ode Suggested Is. tbat the De-
partu.3nt be authorized 10 i5su3 certificates oi
dcposit, of the denomination OF tcn dnliars,
bearing iatcreSt at the rate G. , Gj r"T ceh:,
pcr aunum aud convertible at aoy tine @l;E!r
one year alter their ISSUE lGtO the !i1- pr
cant. bonds authorized by the rciu1Glar :.2:,
AMI to BE- issued Only in cXc1ang: Ter Unltta
SGatcs n0fca sent to the Treasury hy u]a!!
or otherwise. Suca provision oi law. sup
ported Nv suitabl, regI!atinus. would en,ble
> aby pcrson readily, without cJat O. ilsk, to
; convert his mo0ey into 40 !aitrast baarug &C.
cuity of tbs United States, and the m';Ieg 5!
received could be applied to tbs rcdenintion ot
six per ceut. boads.
The coinage of geld dnli?g tho last fiscal
year yes $50 1889 The coinage OF sl:yaE
dollars, uoder the act passed February2S 1873.
amcuotcd oa The % If November, 1873 &c
$40 Sl4, $50. q wa'ch amount s. 9S4 947 are
10 circulation aud the balance, &l4. so COZ ia
still in the possession Of the Government,
With views unchanged with regard TO the
act uudcr which the coinage ct silver rFcc ,eti:',
it has been the propose c. tho Secretary i,i;h
fully to cxacua the law, al! 10 aft ,rd . lA:c
trail to the n2easllrc.
IGtho present i4abcia! condition OF lie country,
| am persuaded thlt tho welfare OF l~g,ima; G
business and industry Of every description vii
be bc5. promoted by abSt.ioing trocl ali at
tempts to mako radical changes In the cx!ssl5&
foar cal legislation. let be understood th&5
during the coming year tho busiaess Of ;h:
country will DO und5turbea by governmental 10
tertererc, With the law saffectng it, and wc iAay
confidently xpec! that the resumption Of spccic
payments, which will take plac' at tic sp2olot'
ed time, will be successfully AID easily nain
tanned. and that it viii be followed ny q heath.
full aud enduring revival of business prosperity.