Woodville Republican. (Woodville, Miss.) 185?-current, 1888-12-15
search Of better way 70 reach the public vel.


we view the way already trod by the Americsn |
people, and attempt 70 discover thor future
path. The seventh President Of the i
~ i, n ali Times the Arm and brave triend q
the pe0ple--in Findcati0u 6f hts course |
ds ih0 protector 0f the popular rights
and the champion Of true Amerlcan Citizen
ship, declared: 'srhe ambition which leads
me on Is an anxious desire and q
hxed determination 70 restore 70
the people unimpaired the sacred trust they
have conhded 10. my care, 10 heal the wounds |
OF the Constitution and to prevent It's vo-
lation; 70 persuade my countfymen, 90 far as
may, that It isfnot ID o splendid government
supported by powerful m0nopolos and arlsto-
cratic establishments, that they will ind hap
piness OF their liberties protected, but IN q
plain system, void OF p0u1p protecting oil ana
granting favors 70 none, dispensing its bless.
iDgs like the dew OF Heaven, unseen and untelt
save IN the freshness and beauty they con-
tribute 70 PRODUCE It is such q government
that tho genius OF our people reQuireB-such
one only under which our States may remain
for ayes 70 come united, prosperous and free"
OUR FoRHIGN RELATfoNs
In pursuance Of constitutional provision
70 give 70 the Congress Information Of tho
state OF the Union, have the satisfaction to
announce that the close OF the year fnds tho
United States In the enjoyment Of domestic
tranquility and at peace with all the nations.
Since my last annual message our foreign rela-
tions have been strengthened and improved BY
performance Of international good oliices and
by new and renewed treaties OF amity, COM
merce, and reciprocal extradition Of crlIu-
inals. Those international questions which still
await settlement are all reasonably within the
domain OF amicable negotiation, and there iB no
existing subject of dispute between the United
States and any foreign power that is not sus-
ceptible OF satisfactory adjustment by frank
diplomatic treatment The questions between
Great Britain and the United States relating TO
the rights OF American fishermen under treaty
International
waters OF Canada and Newfoundland, regret
to say, are not yet satisfactorily adjusted
These matters were fully treated In my mes
sage to the Senate February ~, 1888 which, to-
gether with convention concluded under my
authority with Her Majesty Governmento on the
10th OF February last for the removal OF oil
me for the approval Of the Senate This treaty
having been rejected by the Senate, trans
mitted o message 70 the Congress ON
the 2sd Of August last, reviewing the
transactions and submitting tor considera-
tion certain recommendations for leg
islation concerning the important questions
involved Afterwards, on the 18th OF Septem-
ber, In response 70 q resolution OF the Senate,
again communicated fully oil the inforna'
tion In my possession rs to the action Of toe
government OF Canada affecting the CONNER
cial relations between the Dominion and the
United States, including the treatment Of
American fishing vessels in tho ports md
waters Of British America The communiOa-
tions have oil been published, and therefore
opened TO the knowledge OF both HouHes
OF Congress- although TWO were addressed
or repetition OF their contents would be super
huous and am not aware that any thing has
since occurred which should be added to the
facts therein stated. Therefore, / merely re-
peat as applicable 10 the present time, tie
statement which will be found in my message
TO the Senate OF September 10 last; '-fhnt
since Mnrch 8, 1881 no case has been reported
to the Department OF State wherein complaint
has been made OF unfriendly or unlawful
treatment OF American vessels on the part
Of the Canadian authorities, in which repara-
ton was not promptly and satisfactorily OBJ.
tanned by the United States Consul-Gent ral at
Halifax" Having essayed In the discharge Of
my duty to procure by negotiation the settle
ment OF long-standing cause OF dispute, and
70 remove constant menace 70 the good rela-
tons OF the two countries, and continuing TO
hold the opinion that the treaty OF February
last, which failed TO receive the approval Of
the Senate, did supply "a satisfactory, prao-
tical and final adjustment on basis honorable
and just TO both parties OF the dificult anc
eexed question to which II related and hav-
ing subsequently and unavailingly recommend
ed other legislation to Congress which hoped
would sufdce 10 meet the exigency created by
the rejection OF the treaty now again invoke
the. earnest and immediate attention OF the
Congress TO the condition OF this important
question as 1t now stands before them and the
country and for the settlement OF which am
deeply solioitous.
GOVERNMENT REVENUE.
The revenues Of the Government for the year
ending June 30, 1889, ascertained for the quarter
ended September 80, 1888, and estimated for the
remainder OF the time, amount to &3Tl,0lO0OJ,
and the actual and estimated ordinary expen-
ditures for the same year are H2730J0, 900, leav-
ing an estimated surplus OF S104.00O, 900.
The estimated receipts for the year ending
June 3d. 1890, ore SS7, 900 900, and the estimated
ordinary expenditures for the same time are
s275, 767, 1884, showing surplus OF H0l ,2S9,-
511.66. The foregoing statements OF surplus do
not take into account the sum necessary TO be
expended to meet the requirements Of the
Sinking-Fund act, amounting to more than
Si7, ,000 900 annually The cost OF collecting the
customs revenues for the Last fiscal year wnse Al
per cent. for the year 1885 1t was 377 per cent.
The excess OF internal revenue taxes collect
ed during the last fiscal year over those collect
ed for the year ended June 30. 1887, was 81, ,489,
1G4.26, and the cost OF collecting this revenue
decreased from S.4 per cent in 1887 TO less
than 32 per cent. for the last year. The tax
collected on oleomargarine was t723, ,049. .W for
the year ending June 80, 1885, and 1854, 1888 for
the following year.
THE BOND PURCHAsEs.
The requirements OF the Sinking Fund ac,
have been met for the year ended June 80
1888 and for the current year also, by the
law, as positively required, and bonds sum-
cient for that purpose had been bought at q
premium, II was not deemed prudent 70 further
expend the surplus In such purchases until
the authority TO do so should be more exphclt.
Daily purchases OF bonds were commenced on
the 23d day Of April, 1888. and have continued
until the present time. By this plan, bonds Of
the Government not yet due have been pur-
chased, up 70 and including the 30th day ofNo-
vember. 1883 amounting TO S0i,711, 400 the
premium paid thereon amounting 10 Sl75OS,-
The premium added to the principal Of these
bonds represents an investment yielding about
two per cent interest for the time they still
had 10 run; and the saving to the Government,
represented by the difference between the
amount Of interest at two per cent. upon the
sum paid for principal and premium and what
II would have paid for interest at the rate speci-
! fed In the bonds, II they had run TO their ma
turity, is about SN, l6S,000
'At first sight" says the President "this
would seem to be O profitable and sensible
TRANSACTION on the part of the Government
but as suggested by the Secretary OF the
purchase OF bonds was money drawn from the
people in excess OF any actual need OF the
Government, ana was so expended rather than
surplus, underline operation ofjust and equita-
BILE laws, had been left in the hands OF the
people, 1t would have been worth in their
business at lenst six per cent. per annum.
Deducting from the amount OF interest upon
the principal and premium Of these bonds for
the tune they Ind TO run, at the rate OF six per
cent, the saving Of two per cont. made for the
people by the purchase Of such bonds, the loss
will appear to be SOD, 100000. This calculation
would seem to demonstrate that II excessive
and unnecessary taxation is continued and the
Government IS forced TO pursue pol
icy Of purchasing its own bonds at
the premiums, which 1t will be neces-
sary to pay. the loss to the people
will be hundreds Of millions OF dollars. Since
the purchase OF bonds was undertaken as men
toned, nearly all that have been offered were
ct last accepted II has been made quite ap-
parent that the Government was in danger OF
being subjected TO combinations to raise their
price. Notwithstanding the sum thus paid out,
the surplus IN the treasury on the S0th OF Mo-
vember, 1888 was S52 23z 6l0. .01, after deducting
about s29, 100000 Just drawn out for the pay
ment OF pensions.
THE WAR DEPARTMENT..
The Secretary OF War reports that the army,
at the date OF the last consolidated returns,
consisted OF 2,i6Q officers and 1850 enlisted
men. The actual expenditures OF the War De-
partment for the fiscal year ended juno 80, 1883.
amounted 70 @tls l0A l0s.0z OF which sum 20, 15e-
6i4.6S was expended for public works, including
river and harbor improvements.
We shall have our own gun factory next
year Civil-Service reform is recommended
for the army service. General Sheridan's