The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1878-12-07

ana the restoration OF peace throughout thut Is.
q revival OF trade and prosperity, which it Is
earnestly hoped NAV y owe well founded. Nu-
mcrous AIMS Of American citizens for relief
for injuries or restoration Of property have
been among the incidents OF the long continued
hpsulities. Some Of these claims are in p ocess
OF adjustment bv Snain, and the others urO pro-
missed early ana careful consideration
The treaty made with Italy, In regard to reel.
prQcal consular privileges, has been du rat.
fed and proclaimed
No questions Of grave importance have arisen
with any other of the EuroDern Powers
Tno Japanese Government has been dcsirous
OF revision OF such parts of its treaties with
foreign powers as rotate to commerce, and 1t is
understood, has addressed to each of tho treaty
powers request to open negotiations with that
view. The United states Government has been
inclined 70 regard the matter iavorably What.
ever reStricuuns upon trade with Japan are
found injurious to that people cannot but affect
injuriOuslv nations holding commercial inter.
course with them. Japan, after a long period of
seclnsion, has within The past few years, made
RAPID strides I'm the path Of enlightenment ana
progress. and, NOT unreasOn0Oly, is looking for
ward TO the time when her relations with the
nations OF Europe ana America snail be assmi
laced to those which they hold with each other
a treaty looking TO this eud has teen aiade
which viii be submitted for the consideration
of the Senate.
After an interval of several yearsthe Chinese
Government has again sent envOys to the Unit
ed states. 1hey have been received, ana n ger.
manent legation Is now established here by
step VIII be OF advantage TO both nations IN
promoting friendly relations and removing
causes Of difference. The treaty with the Sa.
moan Islands, ha ying been duly ratified and aC
cepted on the part Of both Governments is now
IN operation, ana Il survey ana sOundings OF the
harbOr Of pHeo.I'apO have been mnde bv n nav.
nj vessel OF the United states with q view OF it,
ocounation as naval station, If found desirable
in the service
Since the resumption of the diplomatic rela.
tons with Mexico, correspondence has been
opened nnd still continues between the two
uoyo nments upon the various questions which
at one time seemed to endanger their relnt ons
Whi!C no formal agreement has pepn reached
as TO the troubles on the border, much has been
done to repICss and diminish them The effec
i've forces OF United States troops on the Rio
Giande by strict and faithful compliance with
Instructions. has done much to remove the
sources OF dispute, ana IL Is now understood
that like force of Mexican troops on the other
sde ~ dhe river IL also making an energetic
movement against tie maIaudlng indian tribes.
rms Government looks with the greatest salts.
faction upon every evidence OF Mexico, aud up
on every el0rt put iOrth to prevent or to pun
ish lncurSOns upon cur territory. Reluctant
TO assume amy acton or atti ude in the control
OF these tucurSlOUs, nv mil tury movements
across the border not imperuivelv demanded
Tor the protection OF the lives and property of
our own citizens, l shall take the earnest op-
pDttunitv, consistent with tie proper DISCHARGE
OF TINS plain uutvtO recognize the ability Of tle
McNlCun government 10 restrain effectively
violations OF our territory. 1t is proposed to
nOld next wear an International Exhibition i'll
MeNlc9.and 1t ie believed that the display of the
agricultural and manufaCturlugp Il, Onucts Of tue
two nations VIII tend to better understanding
and Increased commercial intercourse between
their peOpe.
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 with Columbia and with Bolivia. A
boundary question bet Argentine Repub-
lie und Paraguay has been submitted by those
Governments for Arbitration to the President
OF the United states, end have, after careful
examination, gwen my decision upon II.
a naval expedition up the Amazon and Ma.
delia rivers has BROUGHT back information
valuable both for scientific and commercial
n .l..,,N
Africa ana the Indian ocean The reports of
diplomatic and consular officers IN relation to
the the deve. opment OF our foreign commerce have
iuinlsiltu many iacts that have proved of pub
lie interest. and have stimulated to practical
eAcIton thc eIteIulise OF our people.
THE PUBLIC FINANCES.
The report of the Secretary of the Tttasurv
furmshe- det lted statement OF the Ope, att ms
OF that Department of the Government and Of
The ordinary revenues from all sources for
the II, cal car ended June 3d. 1873. were $751;
7j3,S7S 20 ; the ordinary expenditures for tine
same period were S2SG 90, ,al6 Leaving a sur.
p.ns revenue for the year, OF S2O,709 1851 81.
The receipts tor the ple.e ent tiscal year, end.
follows actual receipts Tor the first quarter
commencing July l, 1873 S73,3s0, 7I3 d3 eslima.
ted receipts for the remalninE three quarters CT
the ven, SlO, llu,2oj 81 total pts for the
current fiscal year actual aud estimated, S2dI.-
5y0,C0O. The expenditures for tile same period
will be, actual and estimated. as follows: : For
the Quarter commencing july !, 1873, actual eX-
pendItures S73 3li, ,573 n; ana for the remaining
three quarters OF The wear, the expenditures are
eslmuttd aC S'66 i00,4-B 73-maHing the total
expenditures $40 100000 and leaving an estI.
mated surplus revenue. tor the year ending
June 80. 1919, OF 81 40 0U0.
Thr total receipts during the next fiscal year
ending June 81, lSSu, estimpteG according to OK
isling laws, will be SKA jelhOJ aud the estima
ted ordinary expenditures lor the same period
VIII be S23G 12r,Ii2 6S leaving surplus Of s2S.
l70,5S7 % for that year
In The FOREGOING statement Of expenditures.
IN ll a Pa
the SINKING fund provided Tor by the act ap.
proved FeUuraiy 20. 1867. whi ch requires that
one per cent. of the entire debt OF The United
states snail be purchased or paid within each
fiscal wear, 10 be set apart as Il sinking fund
There has been, however, a substantial com.
pliunce with the conditions of the aw BY los
terms the publ deDt should havebecn reduced
between 1862 and the close ol the last fl cai ear
$685. ,s0j 2S the actual IcductiOn of the as.
certained debt in that period hcc ."2n S72d,Gi4
- u, being i'll excess of the reduction required
by the SnSinS Fund act-S2O?, ,2s .033 80.
The amount of the publc Cebt, less cash in
the Treasury, November |, 1878, was s. 24,2vO
Os3 lS-n reduction, since the same date last
year, of s3j 80 Gl7 30
The prOgress II ade dur ng the last yearin re
funding the public debt At luwer rates Ofmter-
est IS very gratifying, The amount Of tOdr per
cent bonds sold during the present year prior
TO November %, ls7S, is tlCO &c yOl, and Fix per
cent. bOnus, commonly known as five twenties
to an equal amount, have been, or wlIl be re
deemed as calls mature.
1t has been the policy OF the Department to
pace thU four per ccntbOnCs wilhu easy reach
OF every clllzen who desires to invest his saw
ings, whether small or gIeaJm these securities
The Secretary of the Treasury recommends
that the law be so modified that small sums
may be invested and that through the rOst-Of
tices, or other agents Of the Government. the
tteest opportunity may be given in all parts OF
the country Tor such investments.
Tho best mode suggested ls that the Depart.
ment be author zed to issue certificates of dc
post OF tie de ominaiiOn of ten dollars. bearing
interest ut the rate of 3C5 per cent per annum
and convertible at any time within one year al
ter Their Issue INTO the four pei cent. bonds au
thorzed by the relunding act, amt to be issued
pply IN exchange for United States notes sent
10 the treasury by mall or otherwise. such a
plOVlsl0n OF law, supported by suitable TePua-
tons, WOcld enable any person readily without
cost or FISK, 10 convert his money into an inter
estbearing security nf ihe United States. ana
the money 60 received could be applied to the
resumption OF SIX per cent. bonds.
The coinage Of gold during the last fiscal year
was Sj2,70S 95D The coinage Of silver dollars
unuer the acl passed February Is, 1873 amount
ea on the Ed OF November, 1873, 60 '9Sli5jO. of
winch amount 81 9AF4I are in circulation, and
tne Dl,qnce Sl4's206O3, lS SUI III tie possession
with views unchalged with regard to the act
under winch the coinage Of silver proceeds. II
has been the purpose Of the secretary faithfully
70 execute the law, and to afford a lair trial to
the measure
In th6 present financial condition of the conn.
tfN am pursuaded that the welfare of legIti
mate business and industry of every descIiD-
noh wlll be best promoted by abstalning from
an attempts TO make rad cal changes in the ex.
lStlng financial legislation. etlt be understood
that during he coming year the business of the
country VIII he undlsturbpd by Governmental
interference with the laws affecang u, and " e
may confidently expect that the resumption o.
specie payments, VIII Ch Will take place at the
appointed time, Will be successfully and easily
man, aluei. and that II will be followed by a
heallhfui ana enduring revival Of business
prosperity.
Let the healing influence of time, the Inherent
energies OF our people aud the bOuudless le.
sources OF our country have q tair opportunity,
and rellei from present difficulties will surely
follow.
fHE ARMY.
The report OF the Secretary of War shows
tHat the army has been well and eCOuOmiCaily
supplied that our snail force has been actively
employed, ana has faithfully performed all the
service required of It. Ihe'mOraie of the army
ha, improv ca, and the number OF drsertlons has
materially decreased during the year.
Inc secretary recommends
]. Ihat pension be granted 10 the widow OF
inc late LIEUTENANT Henry II, BcnneT, Eigh-
teenth lutdutaY. who lost ms life bY yellow
IeYer whil" in command OF the steamer j. NJ
OltmO'f., sent with supplies for the relief OF
sufferers In the south from that disease.
:. The establishment OF the annuity scheme
iOi te Deneht OF the heirs OF deceased officers as
suggested by the Paymaster General.
3 The adoption by Congress of plan for the
puOhcatlon OF the records OF the War of the Re.
DellOn, now being prepared Tor that purpose.
A. me increase OF the extra per diem OF sol
uier teachers emp Dyed i'll pOst-sChOOls, and
liberal appropriations for the erection Cf hmld
lngs Tor schools ana libraries at Tao different
posts
o. Tho repcal or amendment Of the act of June