The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-12-07

sla have presented their credentials. ~
missions Of Denmark and Vcnezuala at Ill
capital have been raised in grade. Swtze
land has created n plenipotel
tiary mission to this government
and an embassy from Madagascar, and
minister from Slam will shortly arrive. o,
diplomatic intercourse has been enlarge
by the establishment otrelations with IL
new kingdom OF Servia, by the creation
a mission to Siam and by the restoration 9
the mission TO Greece, The shah OF Pcrsi
has expressed his qualification tina
a charge d'ailaires will shortly be sen
to that country, where the rights of on
citizens have been hitherto courteousl
guarded by the representative of Grea
Britain.
/ renew my recommendation of sucl
legislation as will place the United State
in harmony with other maritime power
with respect to the international rules 10
the prevention OF collisions at sea. In con
formity with your Joint resolution of tn,
3D. of August last, have directed th'
secretary of state to address
governments in respect to proposed con
ference for considering the subject of The
method to be used in the reckoning OF Ion
gitude and the regulation of time through
out the civilized world, Their replies will
in due time be laid before you,
An agreement was reached at Paris II
1875 between the principal powers
for the interchange of official pub
lication through the medium o
their respective foreign departments. The
admirable system which has been built by
the enterprise of the Smithsonian lnstltu'
tions affords practical basis for our CO.
operation in this scheme, and an arrange
ment has been effected by which the IN
stitution will perform the necessary labor
under the direction Of the department o.
state. A reasonable compensation, there
fore, should be provided by law.
DIPLOMATIC AND CONSULAR SERVICE.
A clause in the act making appropriation
for the diplomatic and consular service con
templates the reorganization OF both
branches of such service on q salary basis
leaving fees to inure to the benefit OF the
treasury. | cordially favor such project
as likely to correct abuses in the present
system, and the secretary of state Will pre-
sent to you, at all early day,'a plan for such
reorganization.
THE TREASURY.
A full and interesting exhibit of the oper-
ations of the treasury department Is al
forded by the report OF the secretary. |,
appears that the ordinary revenues from oil
sources for the fiscal year ended June ~,
1882. were as follows: From customs, $22O,
6lO, ,730 %; from internal revenue, $l46, ,491 +,
595 40; from sales of public lands, 81 753,
40 81: from tax on circulation and deposits
of national banks, $S,956, 794.45; from re-
payment of interest by Pacific railway
companies, SS45, ,554 81; from banking fund
for Pacific railway companies, S796,27l. AZ
from customs fees, fines, penalties, etc..
81 343 ,34S.00; from fees, consular, letters
patents and lands, So, 63S, ,99O.97; from pro
ceeds of sales ofgovernment property, $3l5,'
959. .S5; from profits on coinage, bullion Ge @
posits and assays, $4, 4,116693.73
rom Indian trust fund, $5,705, ,2i3 %;
from deposits by individuals tor surveying
public lands, $2,O02 306.36; from revenues
of the District of Columbia, $l,7l5,l76 Al
from miscellaneous scources, So, 3S3, 454 43
total ordinary receipts, $403, ,525, $50 20. The
ordinary expenditures for the same pc
riod were: Fer civil expenses, Sl8,042,'
3S642; for foreign intercourse. $l,3Sa :
3,19; for Indians, S9,736 i4l 4O
for pensions, $Gl345, 1885, for the military
establishments, including river and haroor ia ,o
Improvement, and arsenal, S43,57O,49i III;
for naval establishments, including YES
sells, machinery and Improvements at navy
yards, SIS, 5,032, ,046 26; for miscellaneous eX'
penditures, including public buildings
lighthouses and collecting the revenue,
S34, SIS, ,237. 80; for expenditure on account
of the District of COlumbia, So, 330, ,543.S1i
for interest on the public debt, $HOlI, :
2Os70 total ordinary expenditures, S2oI,,
9Sl .439 81, leaving a surplus revenue OF
$I45, ,5l3, ,Sl0.7l; which, with the amount
drawn from the cash balance in the
treasury of $40, ,737, $40 81, making Sl66, ,2Sl, :
sos So, was applied: To the redemption Of
bonds for the sinking fund, $50, ,79l,5OO 90;
of fractional currency for the. sinking fund,
S57, ,O55. SO; of loan OF July and August, 1861,
S62. 572 05O 90; of loan OF March, 1868. ST.
i72 800. 90; of funded loan Of 1881; So, l0i,,
5000; of loan of 1853, 100000; OF
loan of february, 1881. $3g3, 900 O0i
of 5.2O's of 1862, S2l 600; OF 5.2Os
of 1864, 81, 10000; of 5-2O's of 1865, S6,5COOO;
of 10 4O's of 1864, 1854, ,550.0O OF consols OF
iSG5. ss6,45O 90; Of consols of 1865, $l4O,.
10000; of Oregon war debt, $675, ,25OOO; OF
old demand. compound interest and other
notes SIS, $4,000; total, $l66, ,2Sl ,5O5.53;
The foreign commerce of the United
States during the last fiscal year, including
imports ana exports Of merchandise and
specie was as follows: Exports. merchan-
disc, $3.50, ,272; specie, Sl0, AZ 4a9; total
S799 ,959. 736. Imports, merchandise, 12l,-
630, ,574 specie $40 472 $50; total $767 96i.
excess of exports over imports OF merehan-
disc, S25 902 6S3.
This excess is less than II has been before
any of the previous six years, as appears by
the following table: The year endirg June
SOth, the excess of exports over imports of
", oreb az dice. 1875. e7a Gi3 isi, 1877, el07
sl4 23l 1875. $l5i l52 .O9l; 1879, S26l. .G6i 6G6;
1880, sl67 ,6s3 9l2; 1881, $3.50, 7l2, ,l7lsO 1852,
S25 ,902 ,6S3.
During the year there have been organ
lied III national banks, and Of these insu-
tutions there are now in operation 2,209s a
larger number than ever before. Ihe
value of their notes in active
Circulation on July 1, 1852, was 1924, $50 4J6.
/ commend to your attention the secretary s
views in respect to the likelihood OF Sc
rious contraction Of this circulation, and to
the modes by which that result may in his
Judgment be averted. In respect 20 the
coinage of silver dollars and the retire.
ment Of silver certificates, have
seen nothing TO alter but much 10 confirm
the sentiments 10 which l gave expression
last year. A comparison between the re-
spective amounts OF silver dollar clrcnla'
tion in November, 1881, and November,
lss2 shows an increase Of 81 800, 600, but
during the interval there had been IN the
whole number coined an increase Of S26 OO0.-
OOO. Ofthe S12S. 10000 thus far mtnted,
mora than s3i.O0O.OO0 are in circulation.
The mass accumulated of coin has grown
30 great that the vault room al present
available for storage Is scarcely sufficient 90
contain Il. IL is not apparent why II y de-
eirQhIe 10 continue lIls NulNtEt NV ~
IN excess Of public demand.
As 10 the silver certificates in addition 20
the grounds which seemed last year 20
ius;ify their retirement, may be mentioned
tbe effect which Is likely 10 ensue from the
the supply Of gold certificates. for whose ts-
suance congress recently mede provision
and which are now m actiFe circulation.
You cannot fail to note with interest the
discussion By the secretary &c 20 TIE ncces
sitv OF providing by legislation some mode
Of freeing the treasury Of an excess ~ a.
sets. In the event that congress tails o.
reach An early hcreefreut f1r the reduction
Of tarnti0n. / heartily approve t1e secre-
tarv's recommendation Of immediate eud
priensive reductions IN the snnusl revenues
nd tie government. II vii he remefn bsred
I ursed ur,0n the attention q congress, ~
Iis iast session. the importance 81
relieving THE industry and efierrriss
III the country from the pressure
III Unnecessary tarsfi0n. u e one Of tne W
Iasfs marirns Of political economy that al
larrs are burdensome. however wisely and
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