The Northern Pacific farmer. [volume] (Wadena, Minn.) 1878-1885, 1884-12-04
39,429,eO3 So
17,2s2,eo1 4e
4S9sa,71o 90
s,4jo1,o4s 81
64.578,37S IS
IH FGn o0n IN

80, 1885, at $3.50, 10000 and the total
expenditures at 1920, 600, POI, in which are
included the interest on debt and ana6unt
R FAYE s t. a2 s edpe ah is W aSon
$3a, $4,000. The value of exports from
the United States to foreign countries during
the year ending June 80, 1884, was as
follows:
Domestic merchandise. 1924 964 $50
Foreign merchandise .............. 15.548.757
Specie: $67;i5$,ss5
Total exports Of merchandise and
The Cotton and cotton manufactures in
cluded in this statement were valued at
$2OS, 900 ,415, the breadstuGfs at 1852, 544,-
715, the provisions at $114, 416, 547 and the
minerals at $47, los, 249 During the same
period the imports were as follows:
Merchandlse. 1862 69a, 693
doid and silver. ACKNOWLEDGEMENTS. 37,426,262
More than IS per cent Of the entire Value
of imported merchandise consisted Of the
following articles;
S SsssV l sna no}lasssS $50 24
Ehk and its manufactures ............ 1855, 12s
ana steel aid manufactures &'0''''0'
csthareo1 OBSERVATION-DISCLOSURES. A.964, 500
Flax, hemp, jute and like Substances '''''
and manufactures thereof ~ 33463, 800
Cotton and manufactures Of COTTON. sO,45A47o
Hides and skins other than fur skins. A351 90e
SILVER .eohuAAs.
j.. 1cQpcur With Tie secretary of the treasury
III Recommending the immediate suspension
of coinage OF silver dollars and, OF the issu-
ance of silver certificates, and this is mat
ter to Which, in former oommunieati6he,
have more than once ihyeken ths ATTENTION
of the national iegIlature.. It appears that
eea e. ~ f9f the past six years there have
Feb. 70, 1873, more than twenty -seVen mil
lion silver dollax., End the number outstand-
iHg Is sepoTted by the secretary to be nearly
one hundred and eighty-fv million, whereof
but little more than forty million, or less
than ~ per cent, are IN actual eireulatiann.
The mere existence Of this fact seems to
me to furnish OF itself d cogent argument
for the repeal of the statute which has made
such fact possible. But there are other
and graver considerations that tend in the
same direction. The secretary avows his
e ssaant chat Of nnl sr th sRss AID
suspended, silver Is likely :. at, no
s distaet day H. 70 besome e@k zQa metallic
sta i tR1 ihe nereial disturbance
ana ne .mpa irmept Of the national credit
1nab; wenlA &c thus occasioned can scarcely
be overestimated hope that the secretary's
circulation OF the 81 and 81 notes will re-
ceive your approval Tt is likely that con-
siderable portion of the silver now ineunl-
bering the vaults In the. TREASURY might thus
find its Way into the currency. While trade
dollars have ceased, for the present at least,
to be an element of active disturbance in our
currency system, some provision should be
made for their surrender to the government
In view of the circumstances, under which
they were coined, and Of the fact that they
sheula be offered f5f them ONLY Sii1ght ad0
vance on their bullion value. The secretary,
in the course bf his report, considers the
propriety Of Identifying the designs of our
subsidiary silver coins, and of SO increasing
their weight that they may bear due ratios
of value Of the standard dollar. His conc u
slons In this regard are cordially approved
In my annual message of 1882 recon-
mended the abolition Of all excise taxes ex-
cept those relating to distilled spirits. This
rec6mne ndation is now renewed. In case
these taxes shall be abolished the revenues
that will still remain to the government will,
in my opinion, not only suffice to meet it's
reasonable expenditures, but will afford
surplus large enough to permit s1ch tariff re-
duction as may seem to be advisable when
the results of the recent revenue laws and
commercial treaties shall have shown in
what quarters these reductions can be most
judiciously effected One of the gravest of
the problems which appeal to the wisdom of
congress for solution is the ascertainment of
the most effective means Of increasing our
foreign trade, and thus relieving the depres-
sion in which our Industries are now Ian
gushing: The secretary of the treas
ury advises that the duty of in
vestigating this subject be entrusted
in the first instance to competent commits
sion. While fully recognizing the considera-
lions that may be urged against this course,
I n IF no hot fho
whole, no other would be likely to effect
speedier or better results That portion of
the seeretary's report which concerns
the condition of our shipping interests can
not fail to command your attention He en-
phatically recommends that as an incentive
to the investment of American capital in
American steamships, the government SHALL
by liberal payments for mail transportation
or otherwise, lend it's active assistance to in
dlvidual enterprise, and declares his belief
foreign carrying trade must remain as it to-
day, almost exclusively in the hands Of
fore1gnerh One phase of this subject is now
especially prominent, in view of the repeal
by the act of June rs, 1884, of all statu-
can vessels to carry the mails to and
from the United States As it is
necessary to make provision to compensate
the owners Of such vessels for performing
that service after April. 1885, it is hoped
oA0o oaO w AAOAC oOUJcCb Will I0CclV0 early con-
sideration that will lead to the enactment of
such measures for the revival of our mer-
chant marine as the wisdom of congress may
devise Three per cent bonds of the govern
ment to the amount Of more than $780,
OOO,OOO have since my last annual message
been redeemed by the secretary. The bonds
of that issue still outstanding amount to
q little over 5000, 600, 600, about one-fourth
OF which will be retired through the opera-
tions Of the sinking fund during the coming
year. As these bonds still continue the chief
factor Of the circulation of the national
banks, the question how to avert the con-
traction Of the currency caused by their re-
tirement is one Of constantly increasing i'm
Portance It seems to be generally conceded
that the law governing this matter exacts
from the banks excessive security, and that,
on. their present bond deposits d larger cir
cnlatton than Is now allowed may be granted
with perfect safety. i hope that the bill
which passed the senate at the last session.
permitting the issue OF notes eeual to the
face value Of deposited bonds viii commend
ltself 70 the approval Of the house OF repre-.
DentatlveR 90
THE WAR DEPARTMENT.