Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-07

commerce has been successful in proportion to
their adoption of regular steam postal COM
munlcation with the markets whose trade they
sought. Mexico and the states of South
communications with this country and to aid
In their development. Similar cooperation
may be looked for in due time from the east
ern nations and from Australia. It is difficult
to see how the lead in that movement
can be expected from private inter-
ests in respect of foreign commerce.
Quite as much, an international
matter of common and public administration,
and thus pertaining to the government. 1 re-
spectfully recommend to your prompt atten-
tion such just and efficient measures as may
conduce to the development of our foreign
commercial exchanges, and the building up of
our carrying trade.
In this connection desire also to suggest
the very great service which might be expected
in enlarging and facilitating our commerce ON
the Pacific ocean were transmarine cable laid
from San Francisco to the Sandwich
Islands, and thence to Japan at the north and
Australia at the south. The great influence of
such means of communication on these routes
OF navigation in developing and securing the
due share of our Pacific coast In the commerce
OF the world, needs no Interpretation or en-.
fOrcement. 1t may be that such an enterprise
is useful and in the end profitable, as it would
prove to private investmsnt, may need to be
accelerated by prudent legislation by Congress
in its aid: and / submit the matter to your
careful consideration.
An additional and not unimportant although
secondary reason for fostering and enlarging
the navy may be found in the unquestionable
service to the expansion of our commerce,
which would be rendered by the frequent cir
culation of naval ships in the seas and ports
of all quarters of the globe. Ships of the pro.
r1nr md mt 10 ho Of q
greatest efficiency IN case of maratime war
might be made constant and active agents in
and protection of our foreign
trade and in tie nurture and discipline of
young seamen who would naturally in some
numbers mix with and improve the crews of
our merchant ships. Our merchants at home
and abroad recognize the value to foreign
commerce of an active movement of our ma
val vessels, and the intelligence and patriotic
zeal of our naval officers IN promoting every in
terest OF their countrymen is just subject of
natural pride.
THE FINANCEB.
The condition of the financial affairs of the
government, as shown by the report of the
secretary of the treasury, is very satisfactory.
1t is believed that the present financial situa-
tion of the United States, whether considered
with respect to trade, currency, credit, growing
wealth, or the extent and variety of our re-
sources, is more favorable than
that of any other country OF
our time, and lhas never been surpassed
by any other country at any period of it's his
tory. All our industries are thriving. The
rate of interest is low; new railroads are being
constructed; vast immigration is increasing
our population, capital and labor; new enter
prises in great number are in progress, and our
commercial relations with other countries are
improving
The ordinary revenues, from all sources, for
the fiscal year ended June 80, 1880, were:
mic 90