River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1880-12-16

and Of our CARRYING trade. am sure the wis
dom of congress will be ready To supply One mi.
tial measure however seems to be so clearly use.
full and efficient that / venture to press it upon
your earnest attention. 1t seems to be very evil
dent that the provision of regular steam postal
communication, by and from government, has
been the forernnner of the commercial predomi-
nance OF Great Britain on all these coasts and
seas greater share in whose trade is now the de-
sire and the intent of our people. 1t is also man.
fest that the efforts of other European nations
contend with Great Britain for share of this
commerce have been successful in proportion with
their adoption of regular steam-postal eommuni-
cation with the markets whose trade they sought.
Mexico and the states of South America are an
Xious TO receive such postal communications with
this country, and to aid in their development.
Similar cooperation 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 foreign commerce, quite much il III
ternal trade postal communication seems neees-
sarily matter of common and public administra-
! ton, and thus pertaining to government | re-
spectfully recommend to your prompt attention
such just and efficient measures as may conduee
to the development Of our foreign commercial ex-
changes and the building up of our carrying
trade.
In this connection desire also TO suggest the very
great service which might be expected in enlarg-
ing and facilitating cur commerce on the Pacific
ocean were a 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 communica-
ton on these routes Of navigation, in developing
and securing the due share of our Pacific coast in
the commerce of the world needs no illustration
or enforcement. 1t may be that such an enter
prise useful and in the end profitable a 1t would
prove to private investment, may need to be ae-
celebrated by prudent legislation by congress in Its
aid, and | submit the matter to your careful con-
sideration.
An additional and not unimportant, although
secondary, for fostering and enlarging the
navy may be found in the unquesti0nablc service
to the expansion Of our commerce. which would
be rendered by the frequent circulation OF naval
ships in the seas and ports OF al 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 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 val
ne to foreign commerce Of an active movement
| of our naval vessels and the intelligence and pa
trlOtic Zeal of our naval officers IN promoting
every interest of their eountrymen, is just sub
iect of national pride.
F1SANCE.
The condition of the financial affairs OF
the government as shown by the report OF
the secretary of the treasury Is very salts
factory. 1t is believed that the present financial
situation of the United States whether considered
with respect to trade currency, credit, growing
wealth. 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 Its history AL
| 81 8,
low; new railroads are being constructed; n vast
immigration is increasing our population, capital
and labor; new enterprises III great number art
in progress, and our commercial relations with
otner countries are improving.
The ordinary revenues from all sources for tn,
| fiscal year ended June 80, 1850, were
From customs ,5220t4 y
From internal l2l 1878 9.
From sales of public lands.......... 1,OI6,6O6 q
national banks 7,ol4,971 4
Railway Companies 1,7o7,se7 L
From sinking fund of Pacific Railway
From Customs fees, fines penalties, etc ii4ssoo il
lands,.., - 2,as7,o29 o.
property 2s2,615 s.
From profits of coinage, etc ........ 1872, lsG 4
From revenues of the District Columbia l,sO9469 Il
From miscellaneous 4,o99,6o3 5,
Total ordinary receipts ,526,610 81
Total ordinary expenditures for the same perioC
were:
For civil expenses .... ......... SIS 693,9G3 81
For foreign Intercourse 1,211 400 s.
For Indians 5,9+5,+57 q
For pensions, including 1881 ,025.20 ar
rears of pensions 5b,f11l4 4
For the military establishment, including
river and harbor Improvements and ar
teltlS .+.... Iio;Slo -
For the naval establishment, including
vessels, machinery, and improvements
at navy yards 13,536,9o4 Z
For miscellaneous expenditures fnclud-
ing public buildings, lighthouses, and
collecting the 3frot5,69l On
For expenditures account of the Dis
trict of Columbia 3,22,3Si g.
For interest the public debt....... 95sl57,5l5
For premium bonds purchased.......... 2,95,320 4
Total ordinary expenditures 1851 4
Leaving surplus revenue s,So3653 q
Which, with amount drawn from the
cash balance in the treasury of........ e,0S4,4 9
Making s7396s, os7 4
Was applied to the redemption
OF bonds for the sinking furd...... s73 6529 900 OF
OF fractional 251,717 4
OF the loan of 1855. ........... 10000
Oftemporary loan 100 o
OF bounty land scrip. % U
OF com pound interest notes.. 1880 o.
OF 100 notes of 1864 .......... 1850 0,
OF one and year notee ..... ........- $500 o.
OF old demand notes. 495 On
s7s.sss,.s- Al