Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1880-12-16

to receive such postal communications
with this country, and TO aid in their de.
velopment Similar co operation may be
looked for, in due time, from the Eastern
nations and from Australia. Ii is difficult
to see how the lead IN this movement can
be expected from private interests. In re.
spect OF fore gn commerce, quite as much
as IN internal trade, postal communication
seems necessarily a matter OF common
and public administration, and thus per.
tanning 10 Government. l respectfully
recommend toyour prompt attention such
just and efficient measures IS may con.
duce 10 the development of our foreign
commercial exchanges and the building
up OF our carrying trade.
In this connection | desire also TO sug-
gest the very great service which might
be expected In enlarging and facilitating
our commerce on the Pacific Ocean, were
transmarine cable laid from San Fran.
cisco 20 the Sandwich Islands, and thence
to japan at the north and Australia at the
south. The great Influence of such meaps
OF communication on these routes of nav.
igauon, in developing and securing the
due share of our Pacific coast in the COM
merce of the world needs no Illustration
or enforcement. 1t may he that such an
enterprise useful and in the end profitable
as it would prove TO private investment
may need to b5 accelerated by prudent
legislation by Congress in its aid, snd
submit the matter 10 your careful cousid
Grafton
An additional, and not unlmporsant,
although secondary, reason Tor fostering
and charging the navy may be found in
the unquestionable service TO the eXpsn.
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 OF the proper
construction and equipment, TO be OF the
greatest efficiency in case OF maritime
war, might be made constant and active
agents In time of peace in the advance
ment and protection Of our foreign trade
and in the nurture and disc pllne OF
young sesmen, who would naturally, in
some numbers, mix with and improve the
crews of our merchant ships. Our mer-
chants at home and abroad recognize the
value to foreign commerce of an active
movement OF our naval vessels, and the
intelligence and patriotic zeal of our
naval officers in promoting every interest
of their couutrymen is just subject OF
national pride.
The condition of the financial affairs of
the government, as shown by the report
OF the Secretary of the Treasury, is very
satisfactory. Il is believed that the pres
ent financial situation OF the United Slstes,
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 country at
any period of lis history. All our indus.
tries are thriving; the rate of interest is
low; new railroads are being constructed (;
q vast immigration is increasing our pop.
ulation, carital and labor; new enterprises
in great numbers are in progress, and our
commercial relations with other countries
are improving.
The ordinary revenues from all sources
for the fiscal year ending June 30 1880,
were:
From customs ...-..,,.......,... SlSo Or 0b4 90
From internal revenue. ............ i2i OOj353 g.!
From sales of pubic lands ........ 0l6,5Ot 90
From tax on circulation aud de-
porits OF national banks 49,. T,0li97l "A
From payment of interest by Pa
cifc Railway compsaies. 80. 1,7Oi,367 IS
From sinking fund of Pacific Rail
way Companies .......,......... 7S6,62l %
From customs fees, fines, penslties, -.
&c ........... ................... i,l45,SoQ IS
From fees consular, letters patent
and lands ................... 2,ssIC29 90
From proceeds OF sales OF Govern
ment property. ................. 2s2 GIG 50
From profits on coinage, etc $3.50. 2,792,lo6 IS
From revenues OF the District OF
Columbia, ...,...... 1909 46g ~
From miscellaneous sources.... 409g.603 ss
Total ordaa receipts. 49,. ....s3g3 525,6l0 90
The ordinary expenditures for the same
period were
For civil expenses. .............. si5,so8.9s9 S.
For foreign intercourse. ! 2ll,49O 50
For Indians .................. 59b,45I W
For pensions, including Sl93H,-
0l5.20 of arrears OF pensions, 56,U7,I4 Al
For the military establishment, In
GLIDING the river and harbor i'm.
proyements aud srsenals, ........ 9sli6.9l6 %
For the naval establishment, In
GLIDING vessels. machiacry, and
improvements at navy yards -. IL, $685. "A
For mtseel aDeous expenditure, In
gliding public buildings, light
houses, and collecting the rev.
ACKNOWLEDGEMENTS. 3i,5J5, BY %
For expenditures on account OF the
Dlstrict Of Columbia :. :. -. 8,27a 8si So
For interest on public d lot. ....... rs 1888 IL
For premium on bonds purchased 2,795,3!D AZ
Total ordinary expenditures 80. s267,o42 s57 rs
Leaving a surplus revenue of go, SOS 1888 653 20
Which, Wtu amount drawn
from the cash balance In Treas
ury Of. .................. -. s 0Si ,43i 81
1855
Making Observation-Disclosures. $73,96s,037 Al
Was applied to the redemption;
OF bonds for the sinking fund ..... S73 $4,000 90
or fractional currency 25l,7l7 Al
of the loan OF lS5S................ 40 600 90
or temporary loau................. 100 90
or bJuuy land-scrip. .............. - 90
or compound interest notes ....... 1880 20
OF $50 notes OF 1868 .......... 1850 90
or one and TWO year notes ...... 3500 90
Of old demand notes, .......... 4g5 %