Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1884-12-09

from The uitcd States u turylgu NnuhNifr
during the year ending June 20, l.''. VA
a. follows
ENroErs.
noms.tic merchanii.s. t-itroi ~
. .rvigu merchaniise, i'''''.'
ro,ai me. ohsndiss. si.A 40.
-pscie. 80" ~
Total exports OF merchanii-e and .....,
spFElf.
The cotton ani cotton mauu'actur in.
ciutsd in thls statement were sa'nsd A.
sl1s ai,0 as. the brcaisiuf. a. sio2 SEA-
sls. the pfovisions A. slittii5ii ard ihe
nlusrAl oils AZ sil.lQl,2is
IuroEts
me imports we're a. follows Mcfchan.
lie. SO. CO .Cl1 gold Nul silver. So.
le6 ssg .-totsL so. i2i.eii
More than 81 pr ccut of the cuilre val
10 90 Imported merchandise consisted 1T
the following articles
Sugar aui mo.ssses. sioi.s, 4it NooI
anf wooden msnufActurts, s'afit t'-t
ia AMI lts Manufactures, sif.fi',l.'t
cor-r. go csf fOj iron snd s'c,i sri msn
afsctur.- thrrcof stl.tlt,iii, chemicals,
- .gft 9si flH, hemp, luie aud Ilkc $40
stances auf mauuiactptss thcrcoi 50.
tsl. 19s. cotton and manuiicinfes NJ cot
100. slo.tsttss, hlie- snt skius. other
thAn far skits. $3.50 'lh.
COINAGE COL SILVIA DOLLARS.
I concur vita the Sccf,tsry of thr Tfea
surv ln recommending an lmmriIatr ras-
pans.on 81 tie collage ~ silver dollars,
anf - ne lssuauce.of silver csfi'acaies
rhis "a matter o. which lu former r'n.
munlcAiIons have more than once ln
voksd the aitrut.nu ~ tln NhhnnaI l.rsl--
Iaiurc 10 appsar. that auuuaIif, i'f ilf
past six years. there has ben cn'nfi I'M
compliance win the requirements of ihr
80 % February -,th. lsis. more tnAn
twenty ssycn millions uf silver dollars
Nambcr nos outstanding Is ffp'fici hl
thr Secretary to he ueary uur hanirfi
sri eighty fFc miilnn-, shrfr.i nHt Iii'f
more Than forty millions. 0r les thar .i
pr cent are in sctaal circulation. TIE
mere x.struCo 20 thl. fact seems 90 mr o.
nru.sb. 90 ltse.f an afgamtui inf me o..
"a 81 the statute shicl hAi maif sarh a
act possible. tlt there afc other consider
ailons that tod iu thc sane direction
The SECRETARY ayoNs that uulrss t1is colo.
40 AT issuance 20 silver Csftn- ais- pr
-aspenfei. silver Is likely. A. 90 distant
fav. O. become oar sole metallic standard
The commercial DISTURBANCE ani impair.
neat % ouf NaiiouNi credit that Spali nr
thus occas.oucd can scarcely hc ufrf-fsiI.
mattel I bose that the Secrriafy.s sag
srsti1us rtspectng the NlthiraNal ffum
circulation of one dollar ani to- dollar
note. vii receive yuur approval 10 H
uks.g that q Considerable plfiiul ui ilr
silver u1w cncambrfIug thc Yal'is of Che
treasury night thus hoi DO. way iato ihe
curryucy.
While trafs dollars have ceased ilf The
nrcssut a. least to nr On rlrulr1t uf active
iIstufBtnc, In our currency system. snnc
provision sl1lt ue male To- th0lf slf.
rruier o. the G1Fernmcut IN N.rN ui Che
clrcumstancCs uuicf whlch thty YER
coIned ani 10 thc fact that thcY have urs
- bat legal tender quality. there shouil
1e of-fci f1r them ouly asIlghi advance
over their hu.ilun valac.
The Secretary lu the coafsr 70 BE- report
considered thr prupflsiy az healuY jog
thc design. of our SUBSIDIARY silver cnias.
an ~ 80 Increasing thrif weight t1si tlrl
mAy bar their due ratio 90 value o. tlr
standard dollar Its conclusions lu ihls
fcgari arr cordially approved
rur TNCisr rANr.
In nv Anuual message % i.,. recon.
msnicd TIE aboliiOn % al excise iikrs
except those rylatlug 81 distilled spirits
This rccommrnisii1r Is ups rrnrN IT. tn
case these tsnss shall hc Abolished rrFtuuf ,
thNtwlu -tll femsiu to the Government
NlI. la ms 0p.nl1n, not ouJ slficf to
meet IT, reasonable expenditure but vii
,flri Surplus large enough o. q.fmii
.uch tafif fr.iaciion a. may SEN % nr
advisable When TIE results n the ftctni
revenue laws Ani commercial treaties shall
have shown lu whst quarters these fril--
tions eau b. most ladicioasly elected.
oVE FnRFi0N TRAnE AND sHITrIN0 ~
rEELsrs
one OF the gravc.t Of problems which
appeal q the wisdom % Congress fof sol
ution IL ne asCcrttinmeut of me most si-
irctlve means OF Increasing oar foreign
trade Ani thus relieving The depression
under which oar Industries arc now hn'
gushing The Secretary OF thu Treasury
advises that the duty % Investigating this
subject b. entrusted 10 the frst Instance
d a compe'cnt Commission. While tlN}
recognizing the considerations that may
arged against this coarse, ! an nefefih"-
Iess % The opinion that upon toe whole no
other would be- hkeiy o. N 60 spred.fr
% better result
That portion of the Srcrstary's report
which concerns The condition oi our ship.
piug Interests cannot fiil . command tour
attention. He emphAiicaily recommends
that As an Incentive % inyc.i., OF
American capital Ia American steamsll 3D..
the Government shall ~ liberal payments
flr mall transportation or 0thefsisc ieui
Is active assistance o. Individual enter
prise. ani declares bis belief that unless
that course pursued our foreign carry
ing trade must remain a. 10 l. todsy, a.
mOst exclusively 10 the hands of f1ftlgn-
ers.
one phase Of thl. subject i nov rsPec-
lslly pro0neut In view % The repeal ~
the act of June g. lisa. 81 all statutory
provisions arbitrarily compelling Amefi-
can vessels o. carry the malls . AM if'n
The United State A IL L. nccrssary -
make provision o compensate owners or
such vessels Tor perfOrmiug that service,
sf,sr April, iss5, 10 II hoped that thc whole
subject will receive early confederation
thai nay lead % the enactment % such
measares for the revival OF our merchant
marine a. the wisdom Of Congress msy
devise.
BONDS And BANK CIRCULATION.
Three per cent bonds Of the amount OF
more than slOO. 90 90 have, since my
annual message, been redeemed ~ the
Treasury. The bonds OF that issue stiil
outstanding amount % little over $500
600 600. about one fourth OF which Viii DC
retired through the operations Of the siuk'
ing fund during The coming year. A.
these bonds stiil constitute the chief basis
for the circulation Of the national banks,
the question OF how 20 avert the contrae-
ton % currency caused BY their retire
ment. l. one % constantly Increasing In
portance II seems o. be generally con
ceied that the law governing this matter
exacts from the banks excessive security,
and that upon their present bead deposits
A larger circulation than IL nov allowed
may be granted with SAFETY. hope That
me OH which passed the senate a. the last
session. permitting the issue of notes equal
20 the face value OF deposited bonds. VIII
commend itself 10 the approval OF the
House Of Representatives.
ExPENsEs on THE WAR DErARrNENr.
In the expenses % the War Department
the Secretary reports q decrease or more
,h.u O. O00 900; OF this reduction s5.o0O.-
900 vas .f-cted In the expenditures Tor
49, IL -