Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1883-12-13

aithfnl observance of the law.
lie recommends that the Canton
Indemnity fund now amounting
o about three million of dollars
,e returned to the Chinese gov
srnment.
Reference is made to the
opening Of the Congo valley in
to trade and comm rec
and he thinks IL may be advisa-
bile for us TO cooperate with 9th
err commercial powers in pro.
noting the rights of trade and
in that valley, free
from the interference or politi
cal control ofany one nation.
Restrictions are placed upon
our commerce by Spain, Brazil
Turkey and other Eastern ma
tons and he hints that some
equitable measure of retaliation
should be adopted.
The ordinary revenues from
all sources for the fiscal year
ending June 80, 1888, amounted
to $685. 1857, 600; Of this amount
s2l4, 100000 were received from
customs; from internal revenue
$144, 720,0 900; from public lands
$7,955,0 900 and the balance from
miscellaneous sources. The to.
tai expensss of the government
for the same period:were S265,
40S, 600 The surplus revenue
amounted to $132.S79,OOO.
He says there arc cogent rea
sons why the public debt should
not be too rapidly reduced.
He says that the law passed
at the last session of Congress
cuts down the annual tax and
tariff receipts to the extent OF
at least fifty or sixty million OF
dollars. Whilst he thinks that
further reductions may be wise
~ made, he does not advise the
adoption, at this session, OF
any measures for a large dimi-
mutton of the national revenues
The results of the legislation of
the ..last...session Of Congress
have not as yet become sufi
GENTLY apparent to justify any
radical revision or sweeping
notifications of existing laws.
The bonds which the govern.
msnt holds to support the circu-
ofthe national banks will
in a few years be redeemed. In
that event, he SAYS, two cours-
es have been suggested either
Of which is feasible. One is the
of new bonds having
many years to run, beariEg a low
rate Of interest and exchanged
Ole in a specified time for those
now outstanding; the other
which cammAnds-tA>n
ne enactment of u law repeal
ng the tax on circulation and
permitting the banks to issue
lotes for an amount equal to
per cent of the market
instead of az now, the
ace value of their deposits.
he agrees with tn Secretary
the Treasury in the belief
hat this plan would afford the
necessary relief.
He recommends that the trade
dollars be received by the
and mints as bullion
It a small per centage above
he current market price Of sill
Ter of like fineness.
A reduction of the customs
is recommended.
The number of internal reye-
'ue districts has been reduced
the year from 126 10 SO
There has been only one dis
urbance Of the peace by the
indians during the year and the
expresses the hope
hat the Indian tribes, which
ave for SO many years disturb.
d the West will remain in peac-
BILE submission.
He urges that the fortifca-
ions on the sea-coast BIO
trengthsned and put in an eff
cicnt condition and the atten.
on of Congress is called to the
ecessity of perfec'ing our sub
torpedo defenses. He
SKIS that the state militi. or
anizations be encouraged by
ie government.
The work of strengthenlng
ur navy by the construction of .
'odern vessels has suspicious. .
begun; four new vessels are I,
eing built Of steel. he says !