Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1878-12-06

| by notice Of the grounds Of the payment, and
The correspondence upon this subject will be laiS
| before you.
END OF THE INsURREcrIoN IN CUBA.
| The Spanish Government has officially an
nounced the termination Of the ineurrection In Gu
ha, and the restoration Of peace throughout tha
| island. Confident expectations are expressed Of
revival ,,. o. trade and prosperity, which s earn
claims of American citizens for relief for Injuries
| or restoration OF property, have been among the
incidents Of the long-contnued hostlities. Some
Of these claims are In process Of adjustment by
Spain, and the others are promised early and care
TREATY WITH ITALY.
The treaty made with Italy, In regard TO recipro
cal Consular privileges, has been duly ratified and
OTHER EUROPEAN PowERs
No questions OF grave importance have arisen
| with any other of the European Powers.
JAPAN AND CHINA.
The japanese GoNernm has been desrous OF
revision Of su paris of it's treaties with foreign
powers as relate to commerce, and, It is under
stood, has addressed to each Of the treaty POwcra
arequest to open negotiations with that view. The
United States Government has been inclined to
regard the matter fayorably. Whatever rcstric.
tions upon trade with Japan are found injurious ia
that people cannot but affect injuriousy Nations
holding commercial intercourse with them. Japan,
after long period of scclusion, has within the
pnst few years made rapid strides in the path OF
enlightenment and progress, and, not unrcasuna.
bly,, is looking forward TO the time when her rca
tlons with the Nations of Europe and America
shall be assimatcd to those which they hold with
each other. treaty looking to this end has been
made which will be submitted for the consdera-
tion Of the Senate.
Afer an interval OF several years, the Chinese
Government has again sent envoys to the United
states They have been received, and a perma-
ernment 1t is not doubted that this step will he
OF advantage to both Nations In promoting friendly
relations and removing causes Of difference. The
treaty with the Samoan Islands having been duly
ratified and accepted on the part Of both Govern
ments, is now in operation, and survey and
soundngs OF the harbor OF PagO-Pago have been
made by naval vessel Of the United States, with
view Of its occupation as 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
endanger their relations. While no formal agree
ment has been reached as to the troubles on the
border, much has been done to reprees and dimin-
ish them. The effective force Of United States
troops on the Rio Grande, by strict and faithful
compliance with instructions, has done
much TO remove the sources Of dispute,
and II is now understood that a like
force of Mexican troops the other side of the
river, Is also making an energetic movement
against the mnraudng Indian tribes. This Gov
ernment looks with the greatest satisfaction upon
every evidence of strength In the National au-
thority of Mexico, and upon every effort put forth
TO prevent or to punish incursions upon our terri
tory. Reluctant TO assume any action or attitude
in the control of these incursiOns, by military
movements across the border not imperntiyely de-
manded for the protection of the lives and prop
erty of our own citizens, shall take the earliest
opportunity, consistent with the proper discharge
OF this plain duty. TO recognize the ability of the
Mexican Government TO restrain effectively viola
tions of our territory 1t IL proposed to hold next
year an International Exhibition in Mexico, and
1t Is believed that the display Of the agricultural
and manufacturing products of the two Nations
will tend to better understanding and increased
commercial intercourse between their people.
SOUTH AND CENTRAL AMERICAN REPUBLICS.
With Brazil, and the Republics of Central and
south America, some steps have been taken to-
ward the development of closer commercial inter-
course. Diplomatic relations have been resumed
with Colombia and Bolivia. A boundary question
between the Argentine Republic and Paraguay
has been submitted by those Governments for ar
biratiOn to the President of the United States
and have, after careful examination, given de-
cision upon It.
NAVAL EXPEDITIONS.
A naval expedition mp the Amazon and Madeira
Rivers has brought back information valuable
both for scientific and commercial purposes. A
like expedition Is about yisiting the coast of AZ
rica and the Indian Ocean. The reports of dipo-
matte and consular officers in relation to the de-
Velopment Of our foreign commerce, have fur
nished many facts that have proved of public in
terest, and have stimulated TO practical exertion
the enterprise of our people.
EATICSJAL 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, 1878, were S257 ,7b3,-
$3.50; the ordinary expenditures for the same
revenue for the year of $50, ,7g9,551 q0
The receipts for the present fiscal year, ending
june 30, 1879, actual and estimated, are as fol
lows: Actual receipts for the first quarter commenc-
ing July L.. 1873. S73,3Sg, 743. .43; estimated
ceipts for the remaining threequarers of the year,
$lal,1l0,256;57 total receipts for the current fla
cal year, actual and estimated, B4,500,000. The
and eltmated as follows For the quarter s "c com
m o9 Se @
tiers of the year. the expenditures IRE estimated at
Slb6 755 42B 73-making the total expenditures
S240 100000; and leaving an estimated surplus
revenue for the year ending June 30, 1879 of
S244O0,0O0.
The total receipts during the next fiscal year.
ending June 30, 1880, estimated according to eN-
listing laws, will be S2b4500000 and the csti-
m tied ordinary expenditures for the same period
will be S23b3204126S; leaving n surplus of
S,l1a,5SI. .32 for that year.
In the foregoing statements of expenditures,
actual and estimated, no amonnt If allowed for the
sinking fund provided for by the act approved Feb.
20, 1862, which requires that per cent of the
entire debt of the United States shall be purchased
or paid within each fiscal year. 10 be set apart as
sinking fund. There has been, however substan-
tal compliance with the conditions Of the law.
By its terms, the public debt should have been re-
duced between 1862 and the close ofthe last fiscal
year, S5l8.36l ,SQb,2S; the actual reduction Of
the ascertained debt in that period has been
$72Q,64473A,61; being in excess of the re-
aaction required by the sinking fund act, S202,-
The amount of the public debt less cash in the
Treasury, Nov. l, 1878, was 81 024, 200. .0S3, lS-
reduction, since the same date last year, Of S23,
The progress made during the last year, in re-
funding the public debt at lower rates of interest,
Is very gratifying. The amount of 4perccnt.
bonds sold during the present year prior to Nov.
23, 1878, Is S1O0,270,a00, and B-per-cent bonds,
commonly known as 5-20s, to an equal amount,
have been, or will be redeemed M calls mature.
1t has been the policy of the Department to
place the 4 per cent. bonds within easy reach of
every citizen who desires to invest his savings,
whether small or great, in these securities. The
Secretary OF the Treasury recommends thnt the
law be so modified, that small sums may be in
vested, and that through the Postofices, or other
agents OF the Government, thief reest opportunity
may be given In all parts Of the country for such
Investments.
The best mode suggested is that the Depart
ment be authorized TO Issue certificates Of dcpos-
1t of the denomination of So barring interest at the
rate OF 800 per cent per ennum and convertible
at any time within one year after their issue into
the 4-percent. bonds authorized by the Refund
ing act, and TO be issued only in exchange for
United States notes sent to the Treasury by mail
or otherwise. Such provision Of law, supported
by suitable regulations would enable any person
readily, without coat risk, to convert his money
into an interest bearing security OF the United
States and the money so received could be applied
to The redemption of B-percent. bonds.
Ire coinage Of gold during the last fiscal year
was S52,79S,aS0. The coinage of silver dollars,
the 23d OF November, 1873, to s19,914,550, OF
which amount S4,AS4,947 are in circulation, and
he balance, Sl4S29,BO3, is still In the possession
With views unchanged with regard to the act
under which the coinage of silver proceeds il has
been the purpose of the Secretary faithfully to exc
cute law, and to afford fair trial TO the measure.
In the present financial condition of the country,
/ am persuaded that the welfare of legitimate bust
ness and industry Of every description will be
best promoted by abstaning from all attempts 10
make radical changes in the existing financial
legislation. Let it be understood that during the
coming year the business Of the country will be
undisturbed by governmental interference with the
laws affecting II, and We may confidently expect
that the resumption Of specie payments which
will take place at the appointed time will be sue
eessfully and easily maintained and that II will be
followed by healthful and enduring revival OF
business prosperity
Let the healing influence Of time, the inherent
energies Of our people, and the boundess resources
Of our country have fair opportunity, and relief
from present difficulties will surely follow
WAR REPORT.
The report OF the Secretary Of War shows that
the army has been well and economically supplied,
that our small force has been actively employed,
and has faithfully performed all the service re-
quired OF II. The morale of the army has i'm.
proved, and the number of desertions has materi.
ally decreased during the year.
The Secretary recommends:
l. That pension be granted TO the widow OF
the Int IiRut Henry III Rpnupr EiOhtaanth In.