The Russellville Democrat., 1888-12-13
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 THE MESSAGE.
Irant,ns.d (ra-n E;rs, Pm. l

states ana any lGFttEG power lu4A IS uuk 4t1s- ceptinie Of satisfactory adjustment by frank c plor1atic treatment The questions between Great Britain and the United states rslsting 70 the rights oi American fishermen under treaty and International coEnsty iu the territorial waters Of Canada and Newfoundland. regret to say are not ret satisfactorily adjusted. These matters were fulIy treated in my mes geiher with q convention concluded under. my auth sriiy with Her Meiestx s9o overume nt on the 10th ot February last for the removal sof all me Tor the approval Of the Senate This treaty having been rejected by the Senate, trans mitted message to the Congress on tFapssetious and submittsnz for eonstdera. ton certain reeonm end ations for ieg- islafton concerning the important questions s involved. AfterSsrds, on the lsth ot SepteIn- Der. ln response to resolution Of the Senate, again communicated fully all the inforna- tion in my possession as 10 the action Of the gnver- ment of Canada affecting the commer- rial relations between the Dominion and the Enited States including the treatment of Amcrscan hshing vessels in the ports and waterS Of British America. The communities tions have all been published. and therefore ouened to the kuowiedge of both Houses of Congress. although two were addressed 10 the Senate alone Comment upon huoas, and agH net aware that any thing has since occurred which should be added 10 the facts therein stated Therefore, I merely re- peat. as applicable 10 the present time, the 
 to the senate Of September F last: That zoe March 8 1sS7. no case has been reported 10 the Department Of State wherein complaint has been made Of unfriendly or unlawful treatment of American vessels on the part of tae Canadian authorities. in which repara- ton was not promptly and satisfactorily ob- tanned hy the United States Consul-(5eneral at Halifax Having essayed in the discharge of n anty to procure by negotiation the settle ment of 8 long standing cause of dispute, and to remove a constant menace 10 the good rela- tF a.,F rxr.z s4aFf hold the opinion that the treaty of February last, which failed to receive the approval of the Senate. did supply "a satisfactory, prae- tcal and final adjustment on basis hoaoraa.e and just to both partIes Of the difficult and Texed question 10 which ft related, and hay ing subsequently, and unaY3ilingiy recommend cd other legislation 70 Congress which hoped would suffice to meet the exigency created by the rejection of the treaty. I now again invoke the earnest and immediate attention of the Congress 10 the condition oi this important opestion as it nov stands before them and the country, and for the settlement oi wa-ch am deeply solicitous-
 GOVERNMENT REVENUE
 The revenues of the Government for the year ending June 3, fSs9. ascertained for the quarter ended September 31 1888 and estimated Tor the remainder Of the time. amount to S3T1,0oo,ool, and the actual and estimated ordinary expen- dltures for the same year are ss13onOou, leay' ing an estimated surplus ef si0L0p,op-
 The estimated receipts for the year ending June 90 1890 are s57s. .oo9,o00; and the estimated ordinary expenditures for the same time are s.75 167, sSs Si, showing surplus Of slOi ,I'1,- Eli 65 The foregoing statements of surplus do not take into account The sum necessary 70 be expended to meet the requirements Of the Sinking Fund act amounting to more than sa7.g)0 lDo annually. The cost of collecting the customs revenues for the last fiscal year wass2 per cent; for the year 1885 t was 3.9i per cent
 The excess Of internal revenue taxes collect ed during the last fiscal year over those collect cd for the year ended June 5l i587, was s. 4Ss.,- IT. 26, and The cost of collecting this revenue decreased from 34 per cent in 1857, 10 less than 3-2 per cent for the last year. The tax collected on ofeomargarine was s72s. eaS. oi for the year ending June So lss1; and ss5i l39 ss for the following year.
 THE BOND PURCHASES.
 The requirements of the Sinking Fund act have been met for the year ended June % lSsS and for the current year also, by the purchase Of bonds After complying with this law. as positively required, and bonds suni cient for that purpose had been bought at a premium. ft was not deemed prudent to further expend the surplus in such purchases unrl the authority tc do so should be more explleit Daily purchases of bonds were commenced or the @3d day of April, lsesA and have continued until the present time. By this plan. bonds ot the Government not yet due have been pur chased. up to and including the 9th day of No yemoer. IsSS, amounting to s9A,Idl, 20. the premium paid thereon amounting to si7,sos, bi3.0s
 The premium added to the principal of these bonds represents an investment yielding about
 
 had 10 run; and the saving to the Government represented by the difference between tne amount of interest at two per cent. upon the sum paid for princp pal and premium ana wha' il would have paid for interest at the rate spec- fled In the bonds, if they had run 10 their ma turity. is about ST, iC5,De0.
 At first sight says the President, "this would seem to be a profitable and sensible transaction on the part Of the Government, but as suggested by the Secretary or The Treasury. the surplus thus expended for the 1hsts of nd a inc people in excess Of any actual need of the Government. and was so expended rather than allow it 10 remain idle in the treasury II lnls surplus, under,fhe operation Of just and equita bic laws had been left Tn the hands Of the people it would have been worth fin theii bus ness at least six per cent. per anlum Deducung from The amount Of interest upor the principal and premium Of these bonds fol the tune they had to run, at the rate Of sis pel cent, the saving Of two per cent. maos for the people by the purchase of such bonds. the loss will appear 10 De S55. 10000. Tais calculation would seem to demonstrate that If excessive and unnecessary taxation Is continued and the icy of purchasing its own bonds a the premiums, which it will De neees saTy to pay. the loss to ths psople will be hundreds Of millions of dollars. Since the purchase of bonds was undertaken as men toned. nearly all that have been offered were al last accepted. It has been made quite ap parent that the Government was in danger o' being subjected to com 6inatlOns 10 raise thell price. Notwithstanding the sum thus paid out the surplus in the treasury on the 30th of No rember. 1885. was sSa@34,6i U1, after deductins about s29, Ot0 just urawn out for the pay qent Of pensions
 THE WAR DEPARrMENr.
 The Secretary ot War reports that the army At the date of the last consolidated returns consisted of 2.is9 officers and 2i,5i9 enlisted men The actual expenditures Of the War De pertinent for the fiscal year ended June 3l loss amounted 70 sll. .l6S lU1.07, oi which sum @, lSS 5i463 was expended for public works including river and harbor improvements.
 We shall have our own gun factory uexl year. Clvil-Seryice reform is recommended fer the army service General sheridan death IS iamented as an irreparable loss. girls, all Indians, are held as prisoners of war The Indian schools are doing nicely.
 PENSIONS REDUCE THE SURPLUS.
 The number O. pensioners added 10 the roll: during the fiscal year ended June 30, isSs, I Gl, l,a5e and increase of pensions was granted il 45 fl6 eases. The names of I5,sS1 peusioner T were dropped The number ot persons reSeiv ing pensions was 4j2S5s; of these ther were s5 surviyors of the war of lei2 Ia.S7 widows Of those who served fl that war. l6n5t soldiers Of the Mexican wa, and 5. i04 wid0es of said soldiers One hundred and two different rates of pensions are paid tt these beuenciaries. ranging from s5 10 SIo q per month The amount paid for pensions dur ing the fiscal year was s1asio,e1. gS beins af increase over the preceding year of s5,3o, SSl 22
 The expenses attending the maintenance and operation of the Pension Bureau during iha'
 
 r,endltures of the bureau sSA USS, SSa57 being 5is4 per cent Of the gross income and nearly sl per cent. of the total expenditures of the Gov ernnent during the year
 Il am thoroughly convinced that our genera pension laws should be revised and adjusted ts meet as far as possible in the light of our e1 perience all meritoriOus cases says MT Cleveland. 'Ths fact that luz different rate' of pensions are paid can not in ny opinion, b' made consistent with justice tO the peusioner' T or to the t5oyernrnenL and the numerous prl vats pension bIlis that are passed predicatee upon the lmperfectioa Of general laws whil' they Increase. in many eases. existing lneQaat ity and injustice, lend additional force the recOmne ndation for revision O the general laws on this subject"
 THE NAVY.
 The reconstruction Of the navy is bel n push d forward rapidly The Charleston Bal timore Yorktown Vesuyius and Petrel are Il thc water and rapidly approaching completion The Philadslphia San Francisco SeEArA Remington, Concord and the Herreshoh tor pedO boat are under contract Eleven Vessei' in all will be incorporated in the Amerieat navy within the next twelve months
 Notwithstanding the large expenditures fol new construction and the additional labor me Involve the total ordinary or current eXpenoi iure Of Inc department for The three years