The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1888-12-14
THE MESSAGE
TCont,nusd fron. First Pans.1

ICoatnusd from Fret Pags.l
existing subject Of dispute between the United
States and any foreign power that is not sus-
ceptible of satisfactory adjustment by frank
o'ploratjc treatment. The questions between
Sreat Brltaln and the United States relating to
the rights of American fishermen under treaty
and international comfy in the territorial
waters OF Canada and Newfoundland, regret
TO say, are not yet satisfactorily adjusted.
These matters were fully treated in my mes
sage 70 the senate OF February 90 1888 which, to-
gether with a convention concluded under my
authority with Her Maiesty's Government on the
10th OF February last for the removal of all
causes of misunderstanding was submitted by
me for the approval of the Senate. This treaty
having been rejected by the Senate, I trans
mitteI a message to the Congress on
the 23d of August last, reviewing the
transactions and submitting tor CONSIDERED
ton certain recommendations for leg
islatiOn concerning the important questions
involved. Afterwards, on the 18th of Septem-
Der, in response to n resolution of the Senate,
1 again communicated fully all the informa
ton in my possession as to the action of the
government of Canada affecting the CONNER
cial relations between the Dominion and the
United States, including the treatment Of
waters of British America. The communica-
tiOns have all been published, and therefore
opened to the knowledge OF both Houses
of Congress, although two were addressed
to the Senate alone. Comment upon
or repetition OF their contents would be super
nuous, 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, the
statcK9eEt which will be found in my message
70 the Senate of September - last: THAT
since March 3 1897 case has been reported
to the Department OF State wherein complaint
has been made of unfricndly 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-Gene raj at
Halifax. Having essayed in the discharge Of
my duty to procure by negotiation the settle
ment of a lOng-standing cause of dispute and
to remove a constant menace to the good rela-
GlonS of the two countries, and continuing to
hold the opinion that the treaty of February
which
the Senate, did supply "a satisfactory, prac-
ticaI and final adjustment on a basis honorable
and just to both parties OF the difficult and
vexed question to which it related" and hay
ing subsequently and unavaillngly recommend
ed other legislation to Congress which I hoped
would suffice to meet the exigenCy created by
the rejection of the treaty. now again invoke
Congress to the condition of this important
question it now stands before them and the
( country, and for the settlement OF which am
deeply solicitous.
GOVERNMENT REVENUE.
The revenues of the Government for the year
ending June 30 1889, ascertained for the quarter
ended September 90 1888 and estimated for the
remainder of the time, amount to S377, 09000),
and the actual and estimated ordinary expen-
ditures for the same year are 100000, leay-
ing an estimated surplus of S104090000.
The estimated receipts for the year ending
June 80. $780, are S371, 600 000 and the estimated
ordinary expenditures for the same time
8215 167, ass 81, showing surplus of s101,2 32,-
not take into account the sum necessary to be
expended to meet the requirements of the
BIZ, 100000 annually The cost of collecting the
customs revenues for the last fiscal year was2.4l
per cent. for the year 1888 it was al per cent.
The excess Of internal revenue taxes collect
ed during the last fiscal year over those collect
ed for the year ended June 80 1887 was IS 1884,
| 1T4-26' ana the cost OF collecting this revenue
| decreased from 3.4 per cent in 1887, to less
! than 80 per cent for the last year The tax
| collected on oleomargarine was 1928, 94S Oh for
the year ending June 30, 1887 and $751; 39 50 for
| the following year.
THE BOND PURCHASES.
oF he 1T
| have been met for the year ended June 30,
| 1888, and for the current year also, by the
/ purchase of bonds. After complying with this
! law, as positively required, and bonds sufh-
| cient for that purpose had been bought at q
| premium, il was not deemed prudent to further
| expend the surplus in such purchases until
/ the authority to do should be more explicit
| DallY purchases OF oonuS were commenced OF
! the S3d day OF April, 1888 and nave continued
! until the present time By this plan, bonds of
! the Government not yet due have been pur-
! chased, up to and including the 3lth dav of No
! vember. 1888 amounting to S9hTO), 400, the
| premium paid thereon amounting TO s17,503,-
| 613. O8.
| The premium added to the principal of these
! bonds represents an investment yielding about
| two per cent. interest for the time they still
| had to 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
it would have paid for interest at the rate speci
| fed IN the bonds, if they had run to their ma
/ turity is about so 165, 600.
AT first sight" says the President, this
| would seem to be profitable and sensible
| transaction on the part OF the Government,
| but suggested by the Secretary Of the
| Treasury, the surplus thus expended for the
! purchase of bonds was money drawn from the
/ people in excess of any actual need of the
| Government, and was so expended rather than
allow it to remain idle in the treasury. If this
/ surplus, underline operation of just and equita-
/ BILE laws, had been left in the hands OF the
| people, it would have been worth in their
/ bus ness at least six per cent. per annum.
| Deduct1ng from the amount of interest upon
! the principal and premium Of these bonds for
/ the LlIle Liley ilUG TO lul., 'IJe u six per
| cent, the saving of two per cent. made for the
| people by the purchase of such bonds, the loss
| Will appear to be 80, f51,oUO. rms calculation
| would seem to demonstrate that II excessive
| Government Is forced TO pursue pol
| icy of purchasing its own bonds at
the premiums which 1t VIII , be neoes,
| will be hundreds of millions of dollars. Since
| toned nearly all that have been offered were
| at last accepted. 1t has been made quite APP
| parent that the Government was in danger Of
| being subjected to mbinatIons TO raise thelr
| price Notwithstanding the sum thus paid out,
| the surplus in the treasury on the 30th OF No
vember 1888, was Sl2 234 go Oh, after deducting
| about s20,0O00JO just drawn out for the pay
| nent of pensions.
THE WAR DEPARTMENT.
The Secretary OF War reports that the army,
| at the date of the last consolidated returns
| consisted of 2,189 officers and 1850 enlisted
| partment for the fiscal year endedJune 80, 1888
amounted to 81, 1G5 107.O7, OF which sum -, I5S
5I4.63 was expended for public works, including
! river and harbOr improvements.
| We shall have our own gun factory next
]
| for the army service. General Sherldan's
death is lamented as an irreparable loss.
gtris NJ? Tndfans are held as prfsoneTs of war
The Indian schools are doing nicely.
PENSIONS REDUCE THE SURPLUS.
The number OF pensioners added to the rolls
| during the fiscal year ended June 30, 1888, is
| 6l252, and increase of pen sions granted in
Is 716 cases. The names of 573) pensioners
| were dropped. The number of persons receiv-
| ing pensions ASP, 557; of these there
| were S76 survivors of the war OF 1912;
I 1dn n
| that war; 1900 soldiers of the Mexican war
| and 5.1O4 widows of said soldiers one hundred
! and two different rates of pensions are paid to
| these benehciaries, ranging from 81 to 416. 66
per month. The amount paid for pensions dur
! ing the fiscal year was S7S,715,Sj1.92, being an
increase over the preceding year of -, 3S, 28122
The expenses attending the maintenance and
| operatiOn of the Pension Bureau during that
period were S3, &c ,.J2i 81, making the entire eX
/ penditures of the bureau SS3,O3S, 1856. 81, being
| 51Jz per cent OF the gross income and nearly 81
| per cent. of the total expenditures Of the Gov
| eminent during the year.
| Il am thoroughly convinced that our general
| pension laws should be revised and adjusted to
| meet as far as possible in the light OF our ex-
| perience all meritorious cases. says Mr.
| Cleveland. 1.-THE fact that 1J2 different rates
| of pensions are paid can not in my opinion, De
made consistent with justice to the pensioners
OF to the Government, ana the numerous PR,
| yate pension bills that are passed prediCated
upon the lmperfection OF general laws whlle
they Increase, in many cases, eXlstIng lnequ al-
ity and injustice, lend additional force to
the recommendation for =. revision OF
the general laws on this subject"
THE NAVY.
The reconstruction OF the navy is bel ng
pushed forward rapidly. The Charleston, b al
| Limore, Yorktown VesuVius and Petrol are in
the water and rapidly approaching completion.
The philadelphia. San Francisco, Newark
| Bennington. Concord and the Herreshon tor
pedo boat are under contract. Eleven vessels
in all will be incorporated in the American
navy within the next twelve months
| Notwithstanding the large expenditures for
new construction and the additional labor they
involve the total ordinary or current expendt-
ture OF the department for the three years,
ending June 8 1888, are less by more than
twenty per cent, than such expenditures for
the three years, ending June 30 1884.
THE POSTAL sERV CE.