Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1882-12-05


presented their credentials. The missions
of Denmark and Venezula at this capital
have been raised in grade. Switzerland
has created plenipotentiary mission to
this government, an embassy from Madi-
gascar and a minister from Siam will shortly
arrive. Our diplomatic intercourse has
been enlarged by the establishment of rela
tioas with the new government of Servia;
by the creation of mission to Siam, and
by the restoration of the mission to Greece.
The Shah of Persia has expressed his g. att.
fcation that charge d. affaires viii shortly
be sent to that country, whe the rights OF
ou citizens have been hitherto guarded by
the representatives of Great Britain.
/ renew my recommendation of such
legislation as will place the United States In
harmony with other maritime powers with
respect to
THE INTERNATIONAL RULES
For the prevention OF collisions at sea. In
sconfo nifty with your joint resolution of the
sSfd of August last. have directed the sec
retary of State to address al foreign COVE i
ments in respect to a proposed conferenc ce
for considering the subject of the univer al
adoption of a common prime meridian to be
used in the reckoning OF lrDgitude, aud in
lied world. Their replies will, in due time,
be laid before you An agreement was
reached at Paris. iu 1875, between the prin-
cipal powers, for the interchange of official
publications through the medium of theiI
respective Foreign Departments. The adj
mirable system which has been built up by
the enterprise of
THE SMITHSONIAN INsrITUTLoS
Affords practical basis for our cooperation
in this scheme, and an arrangement has
been effected by which that institution vii
perform the necessary labor, under the di
rection of The Department of state, and 6
reasonable compens ton therefor should bt
provided by law. A clause in the act max
ing appropriations for the diplomatic and
consular service, contempl9tes the reorgani
zation of both branches of such service, Oh
salaried basis, leaving the fees
to inure to the benefit of the treasury
l cordially favor such project as like y
to correct abuses in the present system
The Secretary of State will present to you
at an early day plan for such organiza
ton. A full and interesting exhibit of the
operations of
THE TREASURY DEPARTMENT
is afforded by the report of the Secretary.
1t appears that the ordinary revenues from
all sources for the fiscal year ended JUNE
So 1882, were a. follows:
From customs, 1920. .4l0, 730 25; from in
ternal revenue, Sl46, 497 sos 45; from sales
of public lands, "a, 753, lag 81 from t41
on circulation and deposits of National
Banks, SS9. $50 IS 45; from repayment of
interest by Pacific Railway Companies.
S840, 554 80; from sinking fund for Pacific
hallway Companies, 1896, 27l.42; frou
customs fees, tiues penalties, &c 81 ,343,
348. 90; from fees consnls, letters patent
and nds, So 638 990.97; from proceeds OF
sales of government property, S3l4 $50 85;
FROM profits on coinage bullion deposits
and assays, 81, 1l6 693. IS; from Indian
trust funds, $5, 7O5, 243 22; from deposits
by individuals for surveying public lands,
$205, 236 SO, from revenues of the District
of Columbia, LIS. l76 Al; from miscel
laneous sources. S3 3s3 445 49, total ordin-
airy receipts, S403 725, $50 28.
THE ORDINARY EXPENDITURES
for the same period, were:
For civil expenses, $le, 042 1856 42; for
foreign intercourse. $137, SOB 10, for
indians, SO 736, TAT 40; for pensions,
$6l, 345, 1913 95; for the military
establishment, including river and har-
Dor improvements and arsenals, S43,
$40, 494 10; for the naval establishment,
including vessels, machinery and improve
ments at the navy yards. SIS ,032, ,046 26;
for miscellaneous expenditures, including
public buildings, lighthouses and collect
ing the revenue, S34 539, 237 so, for expen-
ditures on account of the District of Col.
urbia, 80, $50 SAB 81 for interest on the
public debt, $71. .077 2O6. 70; total ordinary
expenditures, 1881, ,9Sl, 439 81; leaving
SURPLUS REVENUE
Of $145, 593 810.7l, which, with an amount
d avn from the cash balance in the treas
ury of $40, ,737, 694 "a, making Sl06, 2ol,
sos 55, VAS applied to the reduction of
bonds. For the slnki, fund, $50 .019 150,
90; of fractional currency for the sinking
fund, $58 705 55; of loan of July and
August, 1861, $62 572. 050 90; of loan ot
March, 1868, "a, 472, 800 90; of funded
loan of 1881, $37, ly4, 450 %; of loan of
1858, ST. ,00O.0 of loan of February, 1861,
$50, 800 600, Of five twenties of 1862,
80, 100 %; of five-twenties of 1864 81. 400
90; of five-twenties of 1865, Sc 500; of ten
forties of 1864. S254, $50 %; of cousols of
1865, $S6, 450 90; of consols of 1867,
S408, $50 co. of consols of 1858, Sl4l 400 =
90; Of Oregon war debt, 5 20, $50 90: of old
demand compound interest and other
notes, $lS, $50 90; total, $l66, 28I. sos 55.
THE FOREIGN COMMERCE
Of the United States, during the last fiscal
year, including imports and exports of
merchandise and specie. was as follows:
Exports merchandise. $3.50 542 257; specie,
$40, AIT, ,479; total $799, $50, 1856; imports,
merchandise, S724, 639 O74; specie, S42,-
472, 800; total, $767, Ill, 1854; excess of ex
ports over imports of merchandise, S25,-
902, ,6S3. This excess is less than it has
been before for any of the previous six
years, as appears by the following table:
Year ended June 3d. 1876 ......$ 70 643,4 1
Year ended June 80, 1877...... Is 1872 U9i
Year ended June 80, 1878...... 257,SI4, 23I
Year ended June 80, 1879 ..... 264, 66l ,666
Year ended June 80, l8S0... 167 6S3 9l2
Year ended June 80 1So1....... 259,7i2 7ls
Year ended June 80, 1852 .... "a, 902 6S3
During the year there have been organ
lied III
NATIONAL BANKS,
And of those institutions there are now in
operation 2, 269, larger number than ever
before. Tie value of their notes in active
circulation on July L. 1882, was S32 465. =
64S. l commend to your attention the
Secretary IS views in respect to the hkeli
hood of serious contraction of this circu-
iation, and to the modes by which that re-
suit may, in his Judgment. be averted.
In respect to the coinage of
SILVER DOLLARS
and the retirment of silver certificates, /
have seen nothing to alter, but much to
confirm the sentiment to which 1 gave ex
preston last year. A comparison between
the respective amounts of silver dollar cir
culation of November l, 1884, and on No
vember l, 1882, shows slight increase of a
million and half dollars. but durino the