Stevens County tribune. (Morris, Minn.) 1877-1880, 1878-12-05

ihe sum o. So'UVO1u To pay the award OF Inc JOINT
commission ut Halifax, if after cor espondence With
the British government the subject of the con-.
foi NIFTY OF the award to the re lulrements OF the
treaty and to the terms of the quest thereby SUBJ
United to the commission, the President shall deem
1t his duty TO make the laSment, communications
up the points addI esss to the British gov
e'nment through the legation OF the United States at
London. Fall to Obtain the concurrence of the
British government IN the views Of this government
respecting the award have deemed 1t my duty to
tender the sum named within the year fixed by the |
treaty. accompanied by notice of the grounds OF the
payment, aud protest against any other eonstruc-
ZION OF the same. The correspondence upon this |
subject will be laid before you.
CUBAN RESURRECTION.
The Spanish government has officially announced |
the termination Of the instruction in Cuba and the
restoration of peace throughout the island. Conf
dent expectations expressed of a revival of trade
and prosperity which is earnestly hoped may prove
well founded. Numerous claims of American cit- |
far relief for injuries or restoration of property
have been among the incidents of the long continued
hostillties Some of these claims are in process of
adjustment by Spain and the others are promised
e-ry and careful consideration.
FOREIGN RELATIONS.
The treaty made with Italy in regard to reciprocal
consular privileges has been duly ratified and pro-
claimed. No questions of grave importance have
arisen with any other of the European powers.
JAPAN AND CHINA.
The Japanese government has been DESTROYS Of .
revision II such parts of its treaties with foreign
powers as relat to commerce and it is understood
has addressed to each of the treaty powers request
to open negotiations with that view. The United
States government has bee: inclined to regard the
matter favorably. Whatever restrictions upon
trade with japan found injurious to that people
cannot but affect injuriously nations holding
mercial intercourse with them. Japan, after long
period of seclusion, has within the last few years
made rapid strides in the path OF enlightenment and
progress and not unreasonaby is looking forward to
the time when her relations with the nations of
Europe and America shall be assimilated to those
which they hold with each other treaty looking to
this end has been made which will be submitted for
consideration of the Senate.
After 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 ablshe1 here by that government. II is not
DOUBTED that this step will be of adVant ge to both
nations in promoting friendly relations and removing
causes of difference.
The treaty with the Samoan Islands having been
duly ratified and accepted the part of both govern
ments is now In operation, and survey and sound,
ngs of the harbor of Page have been made by naval
vessel OF The United States with view of its occupa
| ton q naval station, if found desirable to the
| service.
RELATIONS WITH MEXICO.
| 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 seemed to en-
L
has been reached 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 a strict and faithful complain ce
with Instructions, has done much to remove the
sources OF dispute, and it is understood that
ike force of Mexican troops the other side of the
| river is SO making an energetic movement against
mar 4uding Indian Tribes. This government looks.
| with the greatest satisfaction upon Every
| evidence of strength in the national
authority of Mexico, aud upon every effort put forth
| to prevent to punish incursions upon terri
tory. Reluctant TO assume any action attitude in
the control of these incursons by military move
meuts the border, not imperatively demanded
tor the protection Of the lives and property OF our
own CT liens, shall take the earliest o. portunity
consistent with the proper discharge of this PLAIN
duty to recognize the ability CT the Mexican govern
ment to restrain, effectively, the violations of our
territory.
exhibition in Mexico and it is believed that the dis
play of the sricultural and ufacturng products
of the nations will tend to better understanding
| aud increased commercial interests between their
| Eeop.e.
| SOUTH AMERICAN COUNTRIES.
With Brazil and the republics of Central and South
| America, some steps have been taken toward the
de, elopmert of closer commercial intercourse. Dip
| lomAtc relations have been resumed with Columbia
| and Bolivia. boundary question between the
Argentine republic aud Paraguay has been submitted
by those governments for arbitration to the President
OF the United States, and have, after careful
animation, given decision upon il. naval ex-
petition up the Amazon aud Madeira rivers has
brought back information valuable for scientific and
| commercial purposes. like expedition is about
visiting the coast of Africa and the Indian Ocean.
FOREIGN COMMERCE..
The reports of diplomatic and consular officers
relative to the development of our foreign commerce
here. furnished many facts that have proved of pub
lie interest and have stimulated practical ex ertior
the enterprise of our peop'e.
THE TREASURY.
The report of tho secretary of The treasury fur
nishes detailed statement of the operations of tina
department of the government and of the condition
of the public finances. The ordinary revenues from
all for the fiscal year ended June 80, 1873
were S2a7, 1853 878.70. The ordinary expenditures fo
the period were $236, 964. 326S0 leaving sur
pus for the year of S20,7s9,5 5.g. The re
cepts forhe present fiscal year ending June 3d. 1879
actual aud estimated, are as follows: Actual receipts
for the iirst quarter commencing July l, 1873
of the year, $751; 10 25657 Total fo
the present fiscal year, actual and estimated, $264,
100000.
actual aud estimated, as follows: For tue quartet
3 commencing July LIST. 1873, actual expenditures
S733 ,513.27, for the remaining three quarters o.
: the year the expenditures are estimated at Sl66,
73 making the total expenditures S. 000.0U
and leaving estimated surplus of the revenue fo
! the year ending June 80, 1879, of S244 10000.
The total receipts during the next fiscal year, end
ing June 80, 1880, estimated according to existnt
laws, will be 1854 100 and the estimated ordinary
expenditures for the same period will be 1926 1920,
4l2.fe, leaving surplus of S25179,5S7.32 for tina
year.
In the foregoing statements of expenditures actua
and estimated no amount is allowed for the sinking
funds provided for by the act approved February 25
1852 which requires that per cent. of the entir
debt of the United States shall be purchased or paiC
within each fiscal year to be set apart sinking
f nd There has been, however, substantial com
pliance with the conditions of the law. By its term
6.kfe 1Yn16 haVn hpo.1 CDR
1856 and the cose of the fiscal year SIS ,36l 1878
The actual reduction of the ascertaned debt in tina
period has been $72o.6 7os.6l, being in excess
the reduction requited by the aipking fund act o
S93 2S2 9S3 81. The amount of the public debt les
cash in the treasury November 1878, 1924 100
tst.'S, reduction since the same Gate last year.
\ Sa3, l50,6l7S9.
RRFUNDINe THE DEBT.
. The Progress made during the last year in refund
ing the public debt lower rates of interest is YER
d gratifying. The amount of 4per cent. bonds soil
during the present year prior to Nov. 20, 1878,
a Sl0O,z 900, and per cect. bonds, commonl
e known 5:20's, to equal. amount have been o
e will be redeemed AZ calls mature. 1t has been III
policy of the depal tment to place the per cent
bonds within easy reach of every citizen who desire
to invest his savings whether small or great in thes
o securities. The secretary of the treasury recon
8 mends that the law be SO modified tina
Il small sums may be invested and that through
e the government the freest opportunity may be give
in all parts of the country far SUI investments. TIL
: best mode suggested is that tho department be au
thozed to issue certificates of deposit of the demon
inaon of ten dollars hearing interest at the rate
+ 1855 per cent. per annum, convertible at any tim
within year after tpeir issue into per CENT bonds
q authorized by the refundng act, and to be issue
only in exchange for United States notes sent to h
; treasury by mall otherwise. Snch provision
law, supported by suitable regulation, would enabl
any person readily without cost or risk, to CONVEX
1 his money into an nttre4t bearing security of th
United States, and the monev received could b
: applied to the redemption OF per cent. bonds.
L The coinage of gold during The last fiscal yea
was 5268g $780, the coinage of silver dollars unde