Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1878-12-05

Foreign Relations.

full Our neutrality in contests between foreign
powers has been maintained and respected.
Tie Universal Exposition held at Paris during the
past summer has been attended nv iarTs number,
IF e.tize-;> The briet period alev ID i0r the
preparations and arrangement of the confirm
lions of cur citizens To- this great Exposition
well employed in energetic and luliciaus
sffirls to this disal antacc 1h..~.. II
forts led AID directed by the eonIuissioDer' 'crtral
were remark ably sllccesstul ard the exhibition Of
the products of American industry crcditanr
and gratifying in scope and character. TIE rep,,
of TIE United States Commissioners. gtsiag III
suits i'll detail. vii, be duly laid before yen. Our
participation in this international competition tor
the favor and the trade of the world may bc
pected to prodIic, useful apd important results in
promoting Intercourse friendship and commerce
with other nations.
In accordance with the provisions o; the at Of
Feb. ~. 1878. three Commissioners appointed
to international conferences the subject OF
adopting common ratio b, tween gold and silver
for the purpose o. establishing Internationally
the OF bmetallic money. and securing ixity %
relative value between those metals
Invitations were addressed to the various Govern
nents which had expressed willingness 90 partici
pate in its deliberations. The conference held
meetings in Paris in August last. The report Of
the Commissioners, herewith submitted, will show
it, results No common ratio between gold and
silver could be agreed upon by the conference.
The general conclusion reached that IL il neces
say To maintain in the world the monetary func
tons of silver well of gold leaving the seec
ton of the use Of one or the other of these two
metals or of both. IN be made by each state.
Congress having appropriated az its last session
the OF S5500.0 600 20 pay the award of the Joint
Commission at Halifax. II. after correspondence
with the British Government on tho subject of the
conformity of the award to the requirements Of the
! treaty and to the terms of the question thereby
submitted to the commission, the President shall
deem 1t his duty to make the payment, communi-
cations upon these points addressed
British government through the legation Of the
United States at London. Failing ID obtain the con
curr1nce of the British Government in the views OF
ting flna ard Il
deemed ii my duty to tender the sum named with
in the year fixed by the treaty, accompanied by "a
notice Of the grounds Of The payment, and protest
against any other construction of the same. Tht
correspondence upon this subject viii be- laid he
fore you.
The Spanish Government has officially announced
ths termination of the instruction in Cuba. and
the restoration of peace throughout that island.
Confident expectations expressed OF revival oI
trade and prosperity, which it is earnestly hoped
may prove we'll founded. Numerous claims oil
American citizens for relief for injuries restora
ton of property have been among the incidents of
the long continued hostlties. Some OF these claims
are in process of adjustment by Spain. and the
others promised early and careful consideration
The treaty made with Italy in regard 10 reciprocal
consular privileges. has been duly raiided and pro
claimed.
No questions of grave importance hav, arisen
with any other of the European powers
The japanese Government. has been DESTROYS Of 4
revision OF such parts of its treaties with foreign
powers as relate to commerce. and. II ia under
STOOD has addressed to each of the treaty powers
request 10 open negotiations with that view. Tile
United States Government has been inclined 10
gard the matter favorably. Whatever restrictions
upon trade with Japan are found injurious that
People cannot but affect injurlously nations hold
ing commercial intercourse with them. Japan.
after long period of secusicn has within the past
tew years made rapid strides 10 the path OF cnlieht
eminent and progress and, not unreasonably. is
looking forward 10 the time when her relations with
tho nations OF Europe and America shall bo assini
Hated t. those which they hold with each other.
treaty looking 70 this end has been made. which
will be submitted far the consideration Of the
Senate.
After ar interval of seven years the Chinese Gov
ernment has again sent ENJOYS to the United States.
They have been received, and permanent legation
Is now established here BY that Government 1t il
not doubted that this stei, will be of advantage
both nations in promoting friendly relations and
removing causes of difference. The treaty with the
Samoan islands. having been duly ratified and
cepted on the part of both Governments. is in
operation. aud survey and soundngs OF the harbor
of Page Page have been made by a naval vessel OF
the nitod States. with view of its occupation
naval station, ii found desirable to the service
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 time seemed TO en-
danger their relations. While formal agreement
has been reached AZ TO the troubles the border.
much mas been done to repress and diminish them.
The effective force o. United States troops the
Rio Grande. by strict and faithful compliance
with instructions. has done much TO remove the
u
IKE force OF Mexican troops on the other side of
the river is also making energetic movement
against the marauding Indian tribes. This
Government looks with the greatest satisfar-
lion uron every evidence strength
in the ma: ona authority of Mexico and upon every
effort put forth to prevent or 70 punish incursions
upon cur territory. Reluctant ~ assume any af-
ton Or attitude in the control of these incursons
by military movements the border. not i'm
peratvely demanded for the protection of the lives
and property of our own citizens shall take the
wi IL. liz
charge or this plain duty to recognize the ability OF
the Mexican Government TO restrain effectively vio-
1ations Of orr territory. 1t is proposed 70 hold
next year International exhibition in Mexico and
ii Is believed that the display of the agricultural
and raanntactr1ring products OF ss two nations will
mcrcial intercourse between their people.
With Brazil and the republics OF Central and
South America some steps bave been taken toward
the development Of closer commercial intercourse.
Diplomatic relations have been resumed with Co
lonllda and with Bolivia. boundary question be
tween the Argentine Republic and Paraguay has
been submitted by those Governments for arbitra
ton 70 the President of the United States and
have after careful exsianation, given decision
upon it,
The National Finances.
The report of the Secretary OF the Treasury fur
nishes detailed statement OF The Operations of
that department. Of the Government and OF the
condition of the public finances.
The ordinary revenues from all sources for the
fiscal year ended June 30. 1873. S25 1903 So TO-
the ordinary expenditures for the period were
S236. % S. S0-icaving a surplus revenue for the
year of SO. 1872 5i.90.
The receipts OF the present fiscal yesr. ending
June g.. .a. actual estimated ar, as follows:
Actual Ieetipts Tor sIs first quarter somnCnent.
July /. $50. S,s - :;: sstlnased re,.ci;t> for
rcmainiD@ thIrHc- qn rters Of fhe yezr SI9l.
11n.256 81. tcta. receipts for the -at 6scal
year. actual and timated. S2Ii.snOtN,. The .x-
pendttTsr~ Tor the period win bc. aetual
estimated. As follows: For the quarter commen--
ing July |. IS.s. actual expenditures. S73tH 1874
and for the remaining tlIr. quarter OF the year
the expenditures estimated at Sle6. 90. f,i.1}-
making the total expenditures S?ic. ig1.,N' and
leaving estimated surplus revenue fcx the year
ending June 50 1919 of S2I. 100000.
The total receipts during the lext fiscal rear end
ing June 20. 1880. estimated according To existing
laws. Will he S2f .5o0DUO, and tho estimated orii
$2G.s29 il2.c. leaving surplus Of SIS ,5ss -
for that year.
In the foregoing statement of expenditures. actual
and estimated, no amount IL allowed for the sink
ing fund provided for by the act approved Feb. -,
1852. which requires that per cent. Of the entire
debt of the United States shall be purchased paid
within each fiscal year. to be set apart sinking
fund. There has been, however. substantial com
pliance with the conditions of the law. by ihs
terms. the public debt should have been reduced
between 1862 and the close of the last fiscal gear.
1918 361 sos rs: the actual reduction of the
tanned debt in that period has been S720.6ii 13961.
being in excess of the reduction required by the
Sinking Fund act. S2u2. 2s2. 933 .33.
The amount of the public debt. less cash in the
Treasury; Nov. /. 1873 was S2.024 90" 0o3. iSa
duction since the date last year, OF S23 1885,,
i 80.
The progress made during the last year In re-
funding the public debt at lower rates of interest
is very gratifying. The amount of per cent bonds
sold during the present year prior to Nov. 23 1878
Is 800 30 800 and & Der cent DOn;g commonly