The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1885-12-28

restrictive legislation. The organization
of the Congo Free State under the per
sonal sovereignty OF the King OF the Bel
gians is approved. The appointment of
commission to settle the Canadian fisheries
question is recommended. The insult
ficiency of the extradition treaty between
the States and Great Britain is commented
upon, and Congress is informed that negO-
tiatiOns are progressing for an extension
Of it. A settlement of the Alaska boun-
Diary by scientific commission is recon- !
mended. Referring to the Mexican reel /
procity treaty, the President strongly !
urges the passage of a bill to bring it into |
operation. The important question OF
naturalization is intelligently discussed.
NEW COMMERCIAL TREATIES
/ Are separately considered The President
| is not satisfied of the expediency of ratify-
! ing the treaties of commerce negotiated
/ with Spain and San Domingo because they
did not cover the entire traffic They con-
templated the surrender by the United
States of large revenues for inadequate
| considerations. Upon sugar alone duties
were surrendered far exceeding all the adj
vantages offered III exchange. Even were
1
evident that so long as the exemptions
only partially covered importation such
relief would be illusory. To relinquish
revenue so essential seemed improvident
at Il time when new and large drains upon
the Treasury were contemplated. More
over, embarrassing questions would have
arisen under the favored nation clauses in
treaties with other nations. As further
objection, it Is evident that Il tariff regula-
ton by treaty diminishes that independent
control over its own revenues, which is es-
sential for the safety and welfare OF any
Government. Emergencies calling for an
increase of taxation may at any time arise
> and no engagement with a foreign power
!, should exist to hamper the action of the
, Government.
NATIONAL FINANCE AND TRADE
I Are considered in the message. The Ordi
) nary receipts from all sources of revenue
; for the fiscal year ended June 80, 1885, were
/ 1922, $50, 7O6 80, being $24 1928, 1853 81 les.
y than in the previous fiscal year, nearly two
o thirds being upon Customs revenue. Thu
c total ordinary expenses for the year were
$3.50, 226 935 30, leaving surplus of $63, 463,
I'll 81 This was $40, 929, 854 80 less thar
the surplus at the close of the preceding
fiscal year. The debt reduction during tn
{ last fiscal year aggregated $45 1888 ,245 43
and there has been paid since June Both
Il up to November 1, 1885, So, sos, $50, leaving
the unliquidated debt at 81 ,514 AIS, 800 Al
>" The domestic exports in the fiscal yea
- ended June 80, 1885, were $7266 ,946
ditto, foreign merchandise, SIS, 5O6, 800
II gold, $8,477 1872; silver, $33 ,5Z5, 633-total
1874, 421 800 The imports during the sam
Is period gregated-merchandis 1918, $50
- O53 gold, $26, 691 ,896; silver, $16,55O, 627
L total, $622, 80, 1916. The President recon-
g mends reduction of taxation inasmuch a
"a the revenue is in excess of the actual need
of an economical administration OF tn
l. Government The interests of America
labor should be considered in such reduC
ton.
THE SILVER COINAGE QUESTION
lie Referred to at the beginning of this sun
mary is discussed at greater length tina
to any other topic in the message, and wit
lie evident care and consultation with tn
a banking or money-lending interests, wit
at which the President sympathizes. Th
OF Postmaster General is sustained by tn
~ message in his fight with the STEAMSHIP
1t companies. The reorganization of til
SIS Navy Department is declared to be col
dition precedent to the reconstruction
the American navy, A reduction in til
A commission of domestic money orders III
at der So is recommended. There is a strOn
re anti-MOrmOn paragraph in the message.