Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1878-12-04

to obtain the concurrence Of the British govern
nent IN the views OF this government respecting
the award, have deemed II my duty to tendei
the sum named, within the year fixed by the
treaty, accompanied by n notice Of the grounds o
the payment, and protest against any other con
suucuon OF the same. The correspondence upon
this subject will be laid before you
TnE fSsuRREcrIoN IN CUBA.
The Spanish government has officially an.
nounced the termination Of the instruction in
CUBA and the restoration Of peace throughout
that island. Confident expcctationsar are expressed
OF revival OF trade and prosperity. which IL il
earnestly hoped may prove well-founded MI
herons claims OF American citizens for relief for
injuries or restoration Of property have been
among the Incidents Of the long-continued hos.
Utilities. Some Of these claims are in process Of
| adjustment by SPAIN and the others are promised
| early and careful consideration
TREATY wIru ITALY
The treaty made with Italy in regard to recip-
rocal consular privileges has been duly ratified
and proclaimed. No questions Of grave impor-
lance nave arisen with any other Of the European
powers.
| THE JAPANESE GOVERNMENT
The Japanese government has been desirous of
a revision OF such parts Of It's treaties with for
| elgn powers as relate to commerce. and IL IL I'M
| oerstood, has addressed to each of the treaty
powers request to open negotiations with that
| view. The United States government has been
inclined to regard the matter favorably What.
ever restrictions upon trade with Japan are found
injurious to that people cannot but affect ininr-
| lonSly nations holding commercial intercourse
| WIN them. Japan, after long period of seclu-
sion, has within the past few years, made rapid
strides in the path of enlightenment and progress
ana not nnreasonably is looking forward to the
Time when her relations with the nations Of Eu-
| rope ana America shall be assmated TO those
which they hold with each other treaty look
| ing to this end has been made which will be sub
mitted for the consideration of the Senate
THE CHINESE GOVERNMENT.
After nm interval Of several years, the Chinese
EoNernihent mas again sent ENJOYS To the United
states They have been received and a perman-
ent legation is now established here by that vow
| eminent. 1t is not doubted that this stem will he
OF advantage to both nations in promoting friendly
relations and removing causes Of Inference The
treaty with the Samoan Islands, having been
duly ratified and accepted on the part of both
governments, Is now In operation, and n survey
ana soundings OF the harbor Of Page. Page have
Deen made by a naval vessel Of the United States
with view OF its occupation "a n naval station
II found desirable to the service.
OUR RELATIONS WITH MEXICO.
since the resumption of diplomatic relations
with Mexico correspondence has been opened and
still continues between the two governments mon
the various questions which seemed at one time
10 endanger their relations While no formal
agreement mas been reached as 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
iaithiul compliance with instructions, have done
lhuch 70 remove the sources of dispute, and it il
now understood that like force of Mexican troops
on the other side of the river il also making an
energetic movement against the marauding Indian
trlDes This government looks with the great
ust satslaction upon every evidence OF strength
IN the national authority Of Mexico, and upon
every effort put forth to prevent or to punish in
scurslons upon our territory Reluctant To assume
any action or attitude in the control of these in
scursions, by military movements across the
border, not imperativey demanded for the mo-
lection of the lives and PROPERTY of our own cit
zens, shall take the earliest opportunity consi.
tent with tho proper discharge of this plain duty,
to recognize the ability of the Mexican govern
ment to restrain effectively violations of our ter
ritory. II is proposed 10 6od newt year om i rn,er
national Exhibition in Mexico, and it is believed
that the display of the Agricultural and manufoc
turing products of the two nations ,yiii tand NJ
better understanding and Increased commer,iai
intercourse between the people
.....
oTHhR FOREIGN POWERS.
With Brazil, and the Republics of Central and
South America, some steps have been taken
toward the development of closer commercial in
terconrse. Diplomatic relations have been re-
daty question between the Argentine Republic
and Paraguay has been submitted by those gov
eernments for arbitration to the President of the
United States. and have after careful eya,nina-
ton, given a decision upon It.
naval expedition up the Amazon and Madeira
rivers has brought back information valuable both
Tor scientific and commercial PURPOSES like
expedition Is about visiting the coast Of Africa
and the Indian ocean The reports of dinlon,atic
and consular officers in relation to the develop
ment OF our foreign commerce have furnished
many facts that have proved Of public interest,
anu nave stimulated to practical exertion the en-
terprise OF our people
nm, ,,,,,, -, ,.,....
,, " ' ''""N'hs'
Inc report oil the Secretary Of the Treasury
furnishes detailed statement of the operntinns
lant. nd H.
conuitloh OF the public finances. The ordinary
revenues from All sources for the fiscal year ending
June ,,oth io,S, were T257 7G3, SIS 20; the ordn
Nj S56 So"ieavir,, me S'.ne period were S2#,-
~ so -op W. surplus revenue FOR the year
VI ~ ''',Doi.'p'
& aa.i ior the present hscil year, ending
-. go. nY'o, "etu anu estimated are rs fol- |
ioMS' Actu, receipts Tor me hrSt quarter, com |
nns guly ist 100, $40 3S' 1i3i2; estimated
49, 60, ~, tne consuming thieellurters Of the
', & ~" % tpuil receipts for the cur
,oo noo Ae's,, aciu'l anu estimated, S2Gl,- |
Dv,vo rue expenditures Tor the same period |
WIN oe, actutl ana estimated as follows; In the
quaIIt.er eo'illnen ing July lNt 1873, actual ex-
ienu''uIos S'"i2tf o'''Z', ana Tor the remaining
'e.S y, ue yrat the expenditures are
osu'htueu at Siup iJof-o 10 making the total |
expenditures e-fu,lVo,Ooo, and leaving an esti- |
na ,teu sai revenue Tor the year ending June
"",m' io'h Oh S-t'foo,Op
lo 'I'i Iece,l,ts unrihg tue past fiscal year,
vn"inE 'une 'otn, 100, according To existing
ANUS VIII DC T-of,oOuoOu, and the estimated
VIu Iay eNlennitufes Tor the same period will
~ l-So o-u fl='oo, leiNlnS Il surplus of SIS 49,
90 " ior that year
IN the foregoing statement of expenditures
actual ana estimated, no amount is allowed for
the slhkng luna provided for by the act ap.
proved FEBRUARY 10Th, 1862 which requires that
enS per cent OF the entlre debt of the United
states snail be purchased or paid with each fiscal
year TO be set apart as sinking fund There
mas ia, oeen, however, substantial compliance with
.he CONDITIONS OF the law. by its terms the pub
nc dept should have been reduced between 1862
ana tne close OF the last fiscal year, S5ls 3d.
sob2S. The actual reduction Of the ascertained
dent IN that period has been $40 GA, 1861.
Delng IN excess OF the reduction required by the
sinking tund act, e2O2, 2S2, 1i3.33
, Inc amount of the public debt, less cash in the
Treasury, November LIST, 1873, was 81, 2O2. 200
~; rs q reduction since the same date last year
d ~, 100 Gil; ~ The progress made during the
asst year in the funding of the public debt nj |
over rates of interest is very gratifying The
amount OF four per cent. bonds sold during the
present year, prior to November 23d 1878, is
,no,yn ~ G1a a.u s,n pc, cent bonds, commonly
,een. or will be, redeemed AZ caiis m",nr,a ""I
ias been the poli,,y of the dennrtmen, 10 ica ,t
our per cent bonds within easy roach ~ o,.o 60 | {
tizen who desires TO invest Ill savin,s uho,haS /
mall or great in these Securities rbe Sa,ro,' I
II the Treasury recommends that rho lau,s 10 ~ | r
modified that small sums NAV hc Invested anJ ,
hat through the Government onirers M 49, a
gents of the government. the freest onnortnnity /
nay be given In all parts of the conntry f,r MI /
Investments The best mode sngpe.trd ~ Tho, /
he department be authorized IN issne cartih,a, n
4 deposit of the denomination If ten dnii,,rs
earring interest at the rate of 3G5 NOR cant ma, n
mum, convertible at any time within one wear i