Woodstown register. [volume] (Woodstown, N.J.) 187?-1892, 1882-12-12
THE PRESIDENTS MESSAGE.

THE PRESIDENTS MESSAGE.
On Monday Of last week President
Arthur sent to Congress-on that day con-
vened, his second annual Message. 1t
begins by announcing that the foreign re-
lations of the, Government are entirely
friendly. Arrangement with Spain as to
naturalization certificates may be expected,
and the immigration of Swiss paupers
has ceased. A convention TO stop lawless-
ness on the Mexican border and another
relating to an int. irrational boundary be-
tween Mexico and the United States await
the approval Of the Senate. The Prestr
dent recalling the war between Chlla and
Peru, states the steps taken and the pc
sition of non-lntervention assumed by the
United States, and deplores the rigorous
exactions Of the conquerors.
The German Government has invited
the United States to. participate in an in
ternational exhibition of domestic cattle,
to be held Hamburg in July, 1889 II
this country is to be represented It is i'm
portant, says the President, that Congress
should make suitable appropriation for
that purpose soon. The death Of Minister
Marsh has evoked an expression Of pro-
found respect for his exalted character,
and for his honorable Career in the diplo-
matte service of his country in Italy.
Ordinary revenues Of our Government
from. all sources amounted in the fiscal
year, ended goth Of last June, to $685.
5s5,25o.aS. sIsdF .a'od 70 iassi u, s.,
The. ordinary expenditures for the same
period were For cival expenses, $751;
o42 ,3Ss.42;, for foreign intercourse. ST.
3o7 ,5S3. 70; for Indians. $9,736,747 40;
for pensions, s6I.345.I93.6s; for military
establishments, including river and harbor
Improvements and arsenals, $43,57o,7e4. I9.
for navel establishments, including vessels,
machinery and improvements At navy yards,
,o32,o46.26; for miscellaneous ex-
penditures, including public buildings,
lighthouses and collecting the revenue ,s34,-
63o,s36. so; for expenditure on account Of
the district Of Columbia, $500, 543 81 /;
for interest on the public debt, 81 off,
2o6.7o; total ordinary expenditures,s257..
9Sr.43o,57; leaving = surplus revenue Of
SI45,543,SIo.5I; which, with an amount
drawn from the cash balance mi the Treas,
ury Of $2o.737,ee4S4, making $i6o, aSI =
5o5.55, was applied to the redemption, of
bonds for the sinking fund, Sc, o79.I5o.
&c. 5as beu8lass ea.I ts5 I'll, ,s..
Exports Of onr country last year were
Merchandise, s75o,s4z,zs7 specie, $40.
-417.47s; total S767,IIr.o64 Excess Of
exports over imports of merchandise, $25,-
os2 ,6S3. This excess is less than it has
been before for any OF the previous six
vAo-. ssfs n &slsT agzs
r,ak,ns va. ssl,ss n.,s..
ganized III national banks, and of these
institutions there are now in operation
2269, larger number than ever before.
The value of their notes in active circu-
lation on July I, 1882. was $324,65645S.
A comparison between the respective
amounts of silver dollar REGULATION on
November 4, 1854, and on November 1,
1882, shows its increase of $500 ,ooo.-
Of the $I28 900 900 thus far minted little
more than S35 ,ooo, 600 are in circulation;
the mass of accumulated coin has grown
So great that the vault room at present
available for storage is scarcely sufficient
to contain it. 49, "a "a
President Arthur approves of imme-
diate and extensive reductions in the an
nual revenues of the government. For
the fiscal year ended June 80. 1881, the
surplus revenue amounted to one hundred
million dollars. For the fiscal year ended
on the goth Of June last, the surplus was
| more than one hundred and forty -6ve
million. Either the surplus must lie
idle in the Treasury, or the government
will be forced to buy At market rates its
bonds not then redeemable, and which
under such circumstances, cannot fail to
command an enormous premium or the
swollen revenues will be devoted to extrav-
agant expenditure, which, as experience
has taught, Is ever the bane Of an over
flowing Treasury. sa4g b9sfo& 'sessA'
Unless it shall be ascertained that the
probable expenditures of the Government
for the coming year have been underesti-
mated, all internal taxes save those which
relate to distilled spirits can be prudently
abrogated. Such course diminishes the
cost OF Is collection by at least s., soc. 900,
and the retirement from Office of from
1900 to 2,coo persons. So sweeping q
measure as total abolition of internal
taxes would for the present be an unwise
step. teR'a4 W. s8ass s4-fe bAo
/ 1t is estimated that 500, ooo, 900 will
be required for pensions during the com.
ing year, and it may we'll be doubted il
the maximum annual demand for that OBJ.
ject has yet b en- reached. Uncertainty
upon this question would alone justify the
retention for the present of that portion
| of the system of internal revenue which u
least Objectionable to the people, -that on
distilled spirits yields $4,000. 900. The
revenue from customs for the fiscal yea,
ended June 80, 1879. amounted to $I37,
ooo, 900. 1t has In the three succeeding
years reached, first. $3.50, ooo. 900. ther
| SroS 100000, and finally $azo, ooo, 900
Inequalities Of the present tariff law ma,
be corrected. s sTsi
The River and Harbor bill, grouping
appropriations for great diversity Of OBJ
jects widely separated, is one which i
much to be deprecated. II inevitably
tends to secure success of thebbiu as
whole though many of the items if separ.
!. | ately considered could scarcely fail of re
| lection. 3 NJ taas 81
| Our Navy needs two more cruisers o
smaller dimensions. and one fleet despatcl
vessel; high power riRed cannon for tn