Weekly Phoenix herald. [volume] (Phoenix, Maricopa County, Ariz. Territory [Ariz.]) 1882-1896, 1884-12-04

The per cent. bonds of the gov
eminent, to the amount of more than
$4,000, 900, have, since my last an
nual message, been redeemed by the
treasury. The bonds of that issue
outstanding, amount to little over
5000, 900 900, about one>fourth of
which will be retired through the
operations of the Sinking Fund dur,
ing the coming year. AS these
bonds still continue the chief basis
for circulation Of the national banks
the question now TO avert the con-
traction OF the currency caused by
their retirement, is one of constantly
increasing importance. 1t seems to
be generally conceded that the law
governing this matter exscts from
the banks excessive security, and
that upon their present bond de-
posts, larger circulation than is
now allowed may be granted with
safety.
The organization and conduct of
tho Greedy relief expedition reflects
| great credit upon all who contri-
buted to its success.
In this, the last stated messages
that shall have the honor 10 trans>
nit to the Congress of The United
| States, l cannot too strongly urge
upon their attention the duty of res
storing our navy as rapidly as pos
sible 10 the high state of efficiency
which formerly characterized it. As
the long peace that has lulled US
| intoia sense of fancied security, may
at any time be disturbed, it is plain
that the policy of Strengthening this
arm of the service IS dictated by con-
sideralions of q wise economy of the
| just regard for our future tranquility
and of true appreciation of the dig
| nifty and honor Of the Republic.
The Secretary of the interior
urges anew the enactment of a
statute for the punishment of crimes
committed on Indian reservations,
and recommends the passage of
bill now pending in the House of
Representatives for the purchase of
tract of $4,000 square miles from
the Sioux reservation. Both these
measures are worthy of approval. l
concur with him also in advising the
repeal of the pre-emption law; the
enactment of statues resolving the
present legal complications touch>
ing lapsed grants to railroad COM
panies and the funding of the debt
of the several Pacific railroads under
such guaranty as shall effectually
insure its ultimate payment.
Reference has more than once
been made to policy this government
as regards the extension of our for
eign trade. 1t seems proper to de-
clare The general principles that
should, In my opinion, underlle our
national efforts in this direction
The countries of the American con-
tinenl and the adjacent islands are
for the United States the natural
market of supply and demand. 1t
is from them we should obtain what |
we do not produce OF do not produce |
in sufflciency, and it is TO them that |
the surplus production of our fields, |
our mills and workshops should flow |
and under conditions that will |
or favor them in compari> |
son with foreign competition.
(Signed,) CHESTER a. ARTHUR.
Washington, Dec 1si, 1884.
CONGRESS CONVENED.
Special to the HERALD.
CHICAGO, Dec. 2 -Congress assem>
bied yesi erday a; 12 m. Both houses
went to work, al d larger number
of members were in their seats thar
us ua! for an ~ ening dizzy
DAKOTA JUDGE.
Special TO the HERALD.
CHICAGO, Dec. 2-Senatnr Hear
Of Massachus' It's, to-day offered
bill in the senate pr viding for two
n, W supreme court judges
REMOVAL OF FENCEs
special 10 the HERALD.
CAICAGo. Dec. 2.-SenSior Ingalls,
offered IA bull providing for the res
noVal from public lands of all ten
;es by private parties. THIS is bill I
ooking 10 The prevention of large
took companies from fencing in
immense tracts of public unsur-
eyed lands for grazing purposes. {
A practice that has been largely i
'racticed In the region between the
dissOuri and the Rocky mountains.
DIAz PRESIDENT 6
pecial to the HERALD.
NhiNAOOb OCC. 81 OClal lClcSId~
hic dispatches from the City of
iexico announce the Inauguration
o>day of Diaz, president of the Y
Ieaican republic. C
COMMISSIONERS ARRIVED.
peciai to the HERALD.
CHICAGO, Dec. 2-The South =
.merican Commissioners to the 1
Worlds Fair, at New Orleans, have 8
rived at Washington, where they a
TENDED the opening days of con- !,
ress, and will then go to New Or
cans on the opening of the Fair G
RANDALL AND PARTY. u
ATLANTA, Ca, Dec. Hon. Sans :,