The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-12-07

ntcatien with the markets whose trade they
sought, Mexico and the States Of South
America arc anxious 10 receive such postal
communications with this country, and Ia
aid ia their development. Similar coop
Grafton may DO looked for, In due time
from the Eastern nations and from Aus.
traIia. 1t is difficult to see how the lead
In this movement can he expected from
private interests. In respect OF foreign
commerce, quite as much as internal trade,
postal communication seems necessarily
matter OF common and public administra-
ton, and thus pertaining to government. l
respectfully recommend 10 your prompt
attention such Just and efficient measures
as may conduCe TO the development OF our
foreign commercial exchanges and the
building up oil our carrying trade.
IN this connection | desire also to sug.
gest the very great service which might
be expected Ia enlarging and facilitating
our commerce on the Pacific ocean, were
a trausmarine cable laid from San Fran
cisco to the Sandwich Islands, and thence
to Japan ut the North aud Australia at
the South. The great influence OF such
means OF communication on these rontes
Of navigation, In developing and securing
the due share OF our Pacific coast in tho
commerce OF the world, needs no illustra-
ton or enforcement II may be that such
an enterprise, useful and in the end prot
table as 1t would prove 10 private invest
ment, may need to be accelerated by pru::
dent legislation by Congress in its aid, aud
| submit the matter to your careful con-
sideration.
An additional. and not unimportant, al
though secondary, reason for fostering
and enlarging the navy may be found In
the unreasonable service TO the expan-
sion OF our commerce, which would be
rendered by the frequent circulation OF
naval ships in the seas and ports OF all
quarters OF the globe, ShIps oil the
proper construction and equipment. to be
OF the greatest efficacy in case OF mari
time war, might be made constant and
active agents in time OF peace in the ad-
vanCemeut and protection OF our foreign
trade, and in the 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 valueto foreign commerce OF an active
movement OF our naval vessels, and the
lulellkchbb anu H0s'AShIS "b"' ~ VS.
paval officers in promoting every inter-
est Of their countrymen, is just subject
OF national pride.
FINANCES.
The condition Of the financial affairs Of
the government, as shown by the report
OF the Secretary OF the Treasury, is very
satisfactory. Ii Is believed that the pres.
emit financial situation OF the United
States, whether considered with respect to
trade, currency, credit, growing wealth,
or the extent and variety Of our resources,
is more favorable than that OF any other
country OF our time, and has never been
surpassed by that Of any other country at
any period OF its history. All our indus.
tries are thriving; the rate OF interest is
low; new railroads are being constructed;
vast immigration Is increasing our pop.
ulation, capita! and labor; new enterprises
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 SO, 1880,
were:-