Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1883-12-28
and takes from Liberia no territory over
which it has maintained effective jurisdiction.

which the King of the Belgians is President.
and a Gitze ao, OF the Ia unite 4ro State % inc s ln,.1
have been coded to the association by native
chiefs.
Dd a9sds p,n naS0 on been sHe G 4lsef, an nad the STEAM nn-
s s!s5 st %stat! ssas's ua sitso'', me t ia 'y Ssish
slave trade The objects of the society are
philanthropic. 1t does not aim at permanent
political control, but seeks tho neutrality of
The United States can not be Indifferent to
this work, nor to the interests of their citi-
zcns involved in it, 1t may become advisable
pow es in in p pU,Dpsaass the htsn rights Gsae1 of pt trade ana
residence in the Congo Valley, free from the
interference or political control of any one
nation.
SOCIAL AND SCIENTIFIC.
In view of tho frequency of invitationsf from
foreign governments to participate in social
and scientific congresses for the discussion of
important matters of general concern, l re-
peat the suggestions of my last message, that
provision be made for the exercise of discle-
tisSnary power by the Executive IN appointing
ready to serve the National interests in such
capacity without personal profit or other COM
pensation than the defrayment of expenses
actually incurred, and this q comparatively
small annual appropriation would suffice to
meet y
RESTRICTIONS OF COMMERCE..
1 have alluded in my previous message TO
the injurious aud vexatieus restrictions s4f-
fered by our trade in the Spanish West Indy
Brazil, whose National outlet for Its great Al{
tiOnal staple, coffee, is through tho Uniyd
States, imposes a heavy export duty upon tsat
product. Our petroleum exports are haff-
pered in Turkey and in other Eastern POI IS
by restrictions as to storage and by Onerous
taxation. For these mischiefs adequate relief
is net always provided by reciprocity treaties
< that with Hawaii, OF that lately negoti-
| of the Senate. Is It not advisable to provide
some measure of equitable retaliation in our
relations with Governments which discrim-
mate against our own9 II, for example; the
| Executive were empowered to apply 10 Span
ish vessels and cargoes from Cuba And Porto
Rico the same rulc5 of treatment and scale of
piled to our vessels and cargoes in the Antil-
les, a resort to that course might not be bar
rem of good results.
AM E
The report of the Secretary of the Treasury
givesa full and interesting exhibit of the
financial condition of the country. 1t shows
for tho fiscal year ended juno 90, l~sss,anount.
ed to 1866, 2S7, 5S1.s whereof there was re-
Geiyed from the customs, \ Ssl4 9ee, 4se. s3; from
Of public lands, S7.s55, ssl.4s; from tax on cir
culation and deposits Of National Banks, So
1l1QO8.s5; from profits on the coinage of bull
t13hn; a sonrcss, ST. ST. ,as as g. q. fo stsS,S $685. ! .ssi.e
85. For the same period the ordinary ex-
Re q! res TFeeIrse;;d for civil expenses. Is, S2 81 y.
for Indians, 1885,, 5e0.34; for pensions, $685.
OIL, 578. o.; for the military establishments and
arsenals, s$$4s,9ll ,3s7. s3; for the naval establish
navy yard, sl5, ssss, 4ss;l7; for miscellaneous
lighthouses and csliootin1g the revenues, s45,.
So Ssst esssS of d 5Sf a1RSnssiss ,sis' sss q account fep ists2i f
est on the public debt, s59, l6O. 1925; total,
s sSsS ' s9s ~ 1a1. q Leaving a = a m surplus 81 reve ame, Of
T ffesn 1re OF 81 rs Is, s fss5 : 1s1a ,i7s, s5s: =! ss-w sas
applied to the redemption of the sinking fund,
sinking fund, SAG, 556.y6 of the funded loan of
SO Of tho loan SSlai Of July yam. and & Isi Sss' ISL a's we're
sSe fanaed a Loan az o pf1 ls Ssn ST. lis an $50 81 IF se, the fan d
ed loan of 1881, S719, $50 OF the loan of Febru-
airy. 1851, $4,000 OF The loan of July and AL
siIs.50; Of Iios,i'V of il JuIy Va 1sss, s47,ajo; Of
5-s0s Of 1852, sl0.3oo; of Sos Of 1861. ST,056: OF
52os of 1888, $4,000; Of lo,4os Of 1855, slS3 go;
Ss35, 100; Of c%onsols Of 1858, sl54, $50; ofore-
gon Wal debt, $3.50; of refunding certiti-
Gates, 500, 100; of old demand compound in
tersst and other notes, $4,000. Total, sl34,-
It's, 1850.
INTERNAL TAXATION.
There There nro eogeas reasons. hSweyer' Why the
rapidly %oxtinguishsd. CHEF among Them is
the fact that only by excessivg taxation is
such r.ptsity attainable; Ina con. nul1ication
mended that au' excessive taxes be abolished,
excopt those relating to distilled. spirits, and
that substantial reductions be also made in
since been enacted by which the annual
tax and tariff receipts of the Government
have been zee aoo c ut down to to the b oc extent Of at
have no doubt that still further reductions
may be wisely made, l do not advise the adop.
ton az this session Of any measure for u
Tho results of tho legislation Of the last SEES
sion Of Congress have net as yet become suf-
tciently apparent to justify any radical rows
ion or sweeping notifications of the existing
law.
In the interval which must elapse before the
effects OF the act OF March 3, 1888, can be def
s sareiys a rsyenass MAY y Be po Wissly 81 ap 1sasI q q the the
leng-neglectcd duty Of rehabilltating OUT Ma
ton and providing defenses for the protec-
ton of our hnrborS. This is q matter to which
i shall again advert.
NATIONAL
Immediately associated with the financial
ton: What legislation i is me needed regarding
the National currency? The aggregate Of
bonds now on deposit in the Treasury to sup.
sU.oso,ooo. Nearly ssoo.oco.eoo Of this amount
consists OF tAroo per cents, which, as before
stated. are payable at the pleasure OF tho
within less than four years. unless, meantime,
tho surplus revenues shall be diminished. The
probable OBJECT of such An extensive retire
ment OF the securities, which are the basis Of
a contraction of the volume of the curron-
cy As TO produce grave commercial
embarrassmonts. How can the danger be OBJ
waited? b most etlectuul plan. and enc
whose adoption at the earliest practical OPP
porsunity I shall heartily approve, has already
been indicated. If the levenues of the next
four years Shall be kept substantially COM
mensurate with the expenses. the volume of
cirouiation will not be likely to suffer any ma
tcrial disturbance. But III, on the other hand,
There shall be great delay in reducing taxa
tiop. it will become necessary tNher 30 SUBJ
stituts some other form of currency in place
Of the National bank notes or to make im-
| portant changes i'll the laws by which their
circulation is controlled. In my Judgment
the lakor course Is fur preferable.
commend to your attention the very inter-
esfing and thoughtful suggestions on this sub
ices which appear in the Secrctary's report.
The objections which he urges against the ac-
eeptAnce of any other securities than the d.
legations Of the Government itself US q foun-
aAtien for 1~ational-bank circulation seem to
ne i7superabH. Fer averting the threatened
contraction two courses have been suggested,
either Of which is probably feasible. One is
the y OF rev bonds having many years
to run, bearing q low rate Of interest, and ok
~chansoable upon the specified terms of those
new outstanding. The other coarse, which
sonmsnds itself to my own Judgment as the
better, is the enactment of a law repeating
the tag "a circulation, and permitting the
banks 70 Issue notes for an amount equal to
ninety per cent. Of the market value. instead
OF. as now, the face value of the deposited
lief that the adoption of this plan will afford
| fhA DnnoSaprv rnlinf