The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1882-12-14
ARTHUR'S STORY!
Abstract of the Presidents
Annual Message.

our ISSUE vi IdSU WEEK, anu DollS IOO
to purchase city printed
we content ourselves by
giving the following abstract of the
document which will give the reader
about as full an idea of it's recommend
ations as he eau obtain by wading
through the eight or ten columns of
closely printed fine type which the en-
tire message occupies:
The President pfefaces his message |
with d review of the more important
matters which appertain to our for
eign and diplomatic intercourse. He !
recites he fact of the passage of the
immigration treaty with China, aud
ssnnounces that under the direction of
Ine State Department arrangements
nave been effected for carrying its pro-
visions into operation. The South
American troubles are treated at length
aud comprise a sufficient review OF
what has been done by the govern
ment in the direction OF an amicable
adjustment of the pending difficulties
between the belligerents. The mission
of Mr.. Trescott and Walker Blaine to
Peru and Chill is recalled, and refer
ence is made to the reports submitted
by them which were the subject of
fulI discussion in Congress and other
wise, officially, last Spring. The ap-
parent prOstratiOn of the effort made
by this government at that time in the
interests of peace did not discourage
further efforts in the same direction,
and the appointment of Mr.. Morgan as
Minister to Chill was intended to con-
vey to the Chilian government assur-
|
States was still desirous, so far as
might be proper and acceptible, to in
terpose its good offices. The President
ventures to hope that the apparent OBJ
| stacles which have SO far confronted
our Minister to Chill may be eventual
| ly overcome, to the credit of this
| government and the satisfaction of the
hostile powers.
On the subject of the movement for
an International Peace Congress to
assemble ia Washington City, inaugu-
rated under the administration of his
| predecessor, the President recites the
fact of it's interruption by his own or
der, and states as his reasons of giving
such order that upon careful resea1ch
and earnest reflection, he had been un-
able to reconcile the customs that have
prevailed in the diplomacy of this gov
ernment with proposition 90 far
reaching on its scope and so doubtful
in its effects, and that, since upon Con-
gress must devolve the development
and ratification of such a proceeding
ne had felt it incumbent upon him.
self, in the interest of public policy, tt
transmit all the correspondence which
bore upon the subject, as well as the
subject itself, to Congress. The Pres
ident does not intimate an unfavOrablt
attitude toward the assembling of sucl
Peace Congress, but prefers that i
, shall have been first the subject o
thoughtful consideration, and by thu
representatives of the people rathe
; han by the Executive head of th,
government alone.
The President notifies Congress tha
pursuant to the confirmation by tn
Senate of the special commissioner
nominated by him, arrangements hav
: been progressing for Commercial
treaty with Mexico, and the departur
Of the commission will not be long de
iayed. Mention is made of severa
copy right and International treaties
] notably with Spain and Belgium.
! The President treats briefly the mat
:. ter OF the arrest and imprisonment c
American citizens in English jails, re
regarding them. Oh behalf of this gov
ernmeut; of the demands made thrt
O ihe state department and our Ministe
20 England for the prompt trial of tn
suspects or their release, and acknoWI
: edges the reparation subsequently, az
3 corded by the English government
rhis statement is supplemented by tn
announcement of tue transmission
t Congress with the message of VOlumIl
4 Gus correspondence covering the sut
=, Ject.
The President next reviews the or
eralions of the Treasury Department
3 The excess of revenue over eXpend
). lures was $l45, ,543 SlO.OS, anu tn
!. amount applied 10 the reduction OF ii
teut Sl66 Isl ;505 55 L Ii amour
i standing on the books of the Treasur
IL 10 the credit of the disUursing Office
l. Of the United States at the clese of th
v year was $50, ,067 ,S72 48.
The receipts of the fiscal year on a,
count of the POstotfice Departinel
were $3l, ,S36, ,O62 80, aud the expend
q lures $39, 265, ,29S 43. OF these amoun
is go, 2ll ,99l.78, or about one-half, W,
received and expended directly by ii
" Postmaster, without being deposite
't in the Treasury. The unavailab
} iuiluS III lil0 Treasury ucCEcdScu lIOl
. P29 ,52l ,632. ~ to $29, SIT ,273 32.
The exports for the last fiscal We;
u We're $733, ,239, 1872, against 1882, ,92o. 8.
during 1881, a,decrease of $l5O, ,6S6, q
Fhe value of our exports of cotton W.
Sl99, ,Sl2 ,544. The value of the expOr
y OF breadstuffs amounted TO $l92, ,07O s.
n The imports during the year amounte
% 10 S724 ,639, ,574. The balance of trat
VI " in our favor, in spite of our decrease
l. exports, aggl egated nearly twenty-si
G. millions Of dollars.
,s The President congratulates tt
country upon its prosperity, and favo
d rigid economy i'll public expenditure
and a reduction of the internal take
He endorses the recommendation
the Secretary of the Treasury that IL
lie tax on distilled spirits, tobacco al
fermentcd liquors be reduced to a NIL
tx imum consistent with sufficient rev
as nue. to meet largely in part the ordin
of ry demands of the government.
~ tavOrs otherwise the abolition of inte
If nal taxes, leaving spirits, tobacco al
p fermented liquors to bear the burde
ly a considerable portion of the me
st sage is devoted to report of the ope
~ ations connected with the refundil
VI of the three and a-half per cent. bon
lS into three per cents. From the ia
g. that these latter bonds rule at prem
r. um, the President suggests that in b
- opinion the time is now ripe for Leg
lation which will enable the Secreta
ne of the Treasury to further continue
ed refund the debt. He thinks the exp
g. rience of the year conclusively sho1
- that the bonds of the Nation beariI
'' 8 per cent. interest can be successful
iy placed. He aggregates the amount
le Interest it will require to pay the 70
e. aud four anu d halfs, if they rema
va outstanding until maturity, and co
cludes that wise craftsmanship oug
IL to find out some means of escape fro
ne the BURDENS of such heavy drafts upt
n. the Treasury on account of intere.
~, He recommends 10 specific plan; b
>" if some portion of the bonds are u
lunded, favOrs a modification of t.
law, SO that national banks may
some way have the advantage of T.
ar premium on su III bonds as are held
II the United States Treasury to secu
their circulation.
~ I. Al !