The Sentinel. [volume] (Trenton, N.J.) 1880-1882, 1881-12-10
shipped cargo. Though efforts for her
relief have thus far proved unavailing it
is expected that the whole matter Will
be adjusted in friendly spirit.

relief have thus far proved unayailino +
is expected that the whole matter Will
be adjusted in friendly spirit.
THE PANAMA CANAL,
The questions growing out of the
proposed lnteroceanic waterway across
the lsthmus OF Panama are of grave ma
tional importance. This government
has not been unmindful of the solemn
obligations imposed upon it by its
compact of 1916 with .Colom-
bia, as the independent and SOW
erelgn mistress of the TERRITORY
crossed by the canal, and has sought
to render them effective bv fresh
engagements with the Colombian repub-
lie looking to their practical execution.
The negotiations to this end. after thew
have reached what appeared to be a
mutually satisfactory solution here. were
met in Colombia by disavowal of the
powers which its envoy had assumed.
and by proposal for renewed nego-
tlation on a modified basis. Mean
while this government learned that
Colombia had proposed to the Euro
pean powers to join in a guarantee of
neutrality of the proposed Panama
canal, a guarantee which would be in
direct cOntravention of our obligation as
the sole guarantor of the integrity of
Colombian terri orv, and of the neu-
trality of the cana itself. Nv lamented
predecessor felt 1t his duty to place be-
tore the European powers the reasons
which make the prior guarantee of the
United States indispensable and for
which the intersection of any foreign
guarantee might be regarded as super
huous and unfriendly act. Foreseeing
The probable reliance of the British gov
eminent ON the provisions of the CLAYTON
BulWer treaty of 1850, rs affordinc
room TOR a share in the guarantees
which the United States covenanted
with Colombia four yours before, l have
not hesltated to supplement the action
OF my predecessor by proposing to her
malesty's government the modification
OF that instrument and the abrogation
OF such clauses thereof as do not com
port with the obligations of the United
States toward Colombia, or with the
vital needs of the two friendly parties
to the compact.
| The FINANCES. rs fEL
| The report of the secretary of the
treasury represents in detail a highly
satisfactory exhibit of the state of
the finances and the condition
of the various branches of the public
service administered by that de.
partment. The ordinary revenues from
| all sources for the fiscal year ending
June 80, 1881, were: From customs
1913, l59 ,676.02; from internal revenue,
S135 ,264 ,3S3.5l; from public lands,
| 81, POI ,863.l7; from tax on
circulation and deposits of national
banks, 5,l16, l15.72; from repayment
of interest by Pacific railway compa-
MES, $50 $3.50; from sinking fund for
Pacific railway companies, 1906, 180.54 :;
| from customs, fees, fines, penalties, etc.,
ST. ,225 ,514.86 from fees, consular, let
tiers patent and lands, 50 PA 1888 so :;
from the proceeds of sales of govern
ment property, $26 ,2l7 400; from profits
on coinage, SO ,468 1856; from reve-
nues of the District of Columbia, 50 ,Ol6,-
i 1923; from miscellaneous sources, So
206 ,8S0.13. Total ordinary receipts,
$500, 1872 ,292.57. The ordinary expendi-
lures for the same period were: For
civil expenses, ST ,94l ,l7719; for
foreign intercourse, ST ,093 ,954.92 !;
for Indians, Sc, 5l4 ,l0l 90; for pensions,
$50,059 1882; for the military estab.
! lishment, including river and harbor i'm.
provementsand''a rsenals, SAC, 466 ,46O.55;
for the naval establishment, including
vessels, machinery, Improvements at
navy yards, SIS, $3.50 GIL &c; for miscel-
laneous expenditures, including public
buildings, lighthouses and collecting
the revenue, Sal 1897 ,280.57; for expendi-
lures on account of the District of Co.
lumbia, So ,543 ,9l2.03; for interest on
the public debt, $50, sos, 74l.l8; for
premium on bonds purchased, 81 ,06l,
24S.78. Total ordinary expenditures,
$3.50, Up, $3.50, leaving surplus
of revenue of $lOO,O69 ,4O49S,
which was applied as follows: To the
redemption of bonds, the sinking fund,
STA, 37f 200; fractional currency for the
sinking fund, 500, O0l 05; loan Of Feb
ruary, 1861, ST, 900; ten-forties of
1864, S2,0l6,l50; five-twenties of 1862,
Sl8, 800, 900; five-twenties of 1864, So
100000; five-twenties of 1865, $37 ,30O,-
600; consols of 1865, Sl43 $50; consols
of 1867, $3.50, $50; consols of 1868, $685.
400; Texan indemnity stock, 100000;
old demand compound interest and
other notes, 81 1886, 900; and to the
increase of cash in the treasury,
$14 ,637 ,023.93; total, 500, 069 ,4O4.9
The requirements of the ..s sinking kin
O64.O2, which sum included balance OF
S49, 8l7 ,12S.7S not provided for during
the present fiscal year. The sum of
s74 ,4sO ,2Ol.O5 was applied to this fund,
which left deficit of l6,305 ,873.47.
The increase of the revenues for 1881
over those of the previous year was
S29. 1852 ,9Ol.l0. 1t is estimated that the
receipts during the present fiscal year
will reach 500, 1000, 900, and the expen-
ditures 1910, 900, 900, leaving surplus of
Sl3O, 600 600, applicable to the sinking
fund and the redemption of the public
| debt.
THE LIQUOR TAX.
r. :. -a~hox>r Doubtful whofhor tho