The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1888-12-06
C0nclnaed .1rom PAGE tue,


lean flag has been reported and in consequence,
neasl es to prevent and redress any lnolesta-
zion any of our innocent merchantmen have
been ;uopJel
COMMUNICATION WITH HONOLULU
Proclamation was duly made on the 9th day
of November 1884, OF the conventional extern
sion OF III treaty of June 8, Is 5, with Hawaii,
under which relations of sucn special and
benehcent intercourse have been created In
the vast field of Orien al comm rec now un-
folded from our Pacific borders, no feature pre-
sents stronger recommendations for Congress
sional action than the establishment OF COM
municaton by submarine telegraph with Homo
lulu. The geographical position of the Hawaiian
group, in rela' ion to our Pacific States, creates
natural interdependency and mutually of in
terest which our present treaties We're intended
to foster, and which make close communication
u logical and commercial necessity.
OUR SISTER REPUBLIC.
The wisdom of concluding O. treaty Of COM
mercial reciprocity with Mexico has been here
tofore stated in my messages to Congress, and
the lapse of time and growth of commerce with
that close neighbor and sister Republic confirm
the Judgment SO expressed. Tho precise relo-
cation OF our boundary line is needful, ade-
quate appropriation is now recommended.
1t is with sincere satisfaction that L am en-
abled to admit the spirit OF good neigbborhood
and friendly cooperation and concil alton that
has marked tn correspondence and action of
the Mexican authorities in cir share of the
task in maintaining law and 4dor about the
line of our common boundary.
The long pending boundary dispute between
Costa Rico and Nicaragua wa3 referred to my
arbitration and by award ma le on the 22d of
March last the question has been finally settled
to the expressed satisfaction of DO b of the par
ties i'll int ere5;.
Other foreign matters referred to are the abo-
lition OF slavery in Brazil, the claims against
Chill, Hayti, and Venezuela and the assem-
blage at Washington during the coming year of
the representatives of South and Central Ameri-
can States with those of Mexico Hayti and
San Domingo, to discuss important commercial
topics.
THE NATIONS FINANCES
The report of the Secretary of the Treasury
shows tnat the total ordinary revenues of the
Government for the fiscal year ended June 3d.
1888 amounted to 1873, ZG6 GA rs, of which S213-
OBJ, 1888 WIS received from customs duties
aDd $l4 2Jj, 81 90 from internal revenue taxes
The total receipts from all sources exceeded
those fot the ts al year ended June 80, 1887, by
$7,t62,.97.1U. The ordinary expenditures for the
fiscal year ending June 30, $685. were S2596 s.
0jS.67, leaving surplus Of $119,6l2 1902. The
decrease in expenditures as compared with the
fiscal year ended June 81, 1887, was @8,27e, 22O30
Notwithstanding q payment OF more than
S5,O000J0 for pensions in excess of what
was paid for that purpose in the latter
mentioned year. The estimated receipts for
the year ending June 30, 1890, are $377, 100000,
and the estimated ordinary expenditures for
the same time are 1925, ~, 489. a. showing q
surplus of SOL ,232, 5E.66. The foregoing state
ments of surplus do not take into account the
sum necessary TO be expended to meet the
requirements of the sinking fund act, amount
ing 10 more than S470J0,'Uo annually. The cost
Of collecting the customs revenues for the last
was BIT per cent The excess of in -ernal revenue
taxes collected during the last tscal year over
those collected for the year ende Juno 3D. 1887,
was -, 10, iI.26, and the cost of collecting this
revenue decreased from "a per cent i'll 1887 to
less than 81 per cent tor the last year. The tax
cole cted on Oleomargarne was $iZ3,94S ca for the
year ending juno 81, 1881 and 1854 1879 SO for the
following year.
The requirements of the Sinking Fund Act
have been met for the year ended June 30, 1888,
and for the mt year. ALSO by the purchase
COnOlVlnQ with aq
pCslil ely required and BINDS sutfici NJ for that
pun, So lad been bong vt premium, it was
no. deemed prudent t. further extend the sur
plus i'll UGH purchas until tle authority to do so
sh Juld be more explicit A resell l. ion, However
having been passed by both houses Of Congress
removing all doubt as 10 Executive authority
duly purchases Of bonds were commenced on
Tho sd day OF April 1885 IN u, ounylnued
I'm il the present time. by this plan, bonds Of
the Government not yeJ due lave been pur-
chase up to and including the tn day of NO
Nember, 1853 mount n9 20 pJ4, 70O,4JJ, the pre-
mum paid ,nereon amounting to $l7,5J8 81. 49,.
The premium added TO tle principal OF these
bonds represents an Investment yielding about
per cent interest for the time they still had to
run, and the saving to thu Government repre-
SCI ted by the difference 'Cw cen the amount OF
in erAst at pr cent upon the sum paid for
principal nnd premium, and what it would Ina @
paid Tor interest at the rate specified on the
bonds, if they had run to their maturity is
seem TO be a profitable and sensible
transaction on the part of the Gov
ernment but, as suggested by the
Seer 9t0ry of the Treasury the surplus TINS az
pended for the purchase of bonds was money
drawn from the people in excess of any actual
need of the Government, and SO expended
rather than allow it to remain idle in the Treas
ury. II this surplus, under the operation of just
and equitable laws had been lett in the hands
of the people, it would have been worth in t cir
business at least per cent per annum. De-
Quoting from t4e amount of interest upon the
principal and premium upon the bonds and the
tune they had TO run at the rate of = per cent
the saving of Per cent made for the people by
the purchase of such bonds, the loss will ap-
pear to be $5j,7 O. 10. This calculation
would seem to demonstrate that if excessive
and unnecessary taxation is continued, and
the Government is forced to pursue this
policy of purchasing it's own bonds at
The premiums which it will be necessary to paw
tue loss 10 the people will be hundreds OF
millions Of dollars. Since the purchase of bonds
was undertaken as mentioned nearly all that
ha, Q been offered were at last accepted. 1t has
been made quite apparent that the Government
was in danger of being subjected to combina-
lions to raise their price. Notwithstanding the
large sums paid out in the purchase OF bonds,
the surplus in the Treas ny on the 3Jth day of
November, 1888, was $50 254, 60 OIL after deduct
ing about 800 900 just drawn out for the paw
ment of pensions
At the close of the fiscal year ended June 80,
1887 there had been coined, under the compul-
sorry silver coinage act, 1896, 9S8, $50 in silver
dollars, $55, 504,3 80 of which were in the hands
of the people. On the Both day of June 1888
there had been coined 5000 1890, and Of this
$50, S29 3U3 was i'll circulation in coin and $780,
3S7, 1916 in silver certificates, for the REDEMPTION
OF which silver dollars to that amount were
held by the Government.
On the Both day of November 1885, 1912 $40.
800 had been coined, $609709 800 Of the silver dol
lars were actually in circulation, and 1927 AS
346 in certificates. The Secretary recommends
the suspension of the further coinage of silver
and in such recommendation 1 earnestly con-
cur.
THE ARMY
The Secretary of War reports that the army
at the date of the last returns consisted Of 109
officers and "a, $40 enlisted men. The actual ex
penditures of the War Department for the fiscal
year ended June 30, 1888, amounted to $41 1885,
1U7.07, of which sum SO, 1853, 1883 was expended
for public works, including river and harbor i'm
provements Plans and specifications for guns
of large caliber, including dynamite guns, and
for the establishment of an army gun factory
have been prepared and bids for the work will be
advertised for The recommendation of tho
Secretary Of War that there shall be q plan fo1
the examination of officers to test their fitness
for promotion is approved.
The death of General Sheridan in August last
was national affection. The army then lost
brave and experienced soldier, wise and dis
Greet counselor and q modest and sensible
man. Those who In any manner came within
the range of his personal association will never
fail to pay deserved and willing homage to his
greatness and the glory of his career but thew
will cherish with more tender sensibility the
loving memory of his simple, generous and con-
siderate nature
The condition of the Apache Indians, 332 in
number, held as prisoners at Mount Vernon bar
racks, Ala, is declared to be good. The children
are sent to Carlisleor Hampton for schooling. l
am not at oil i'll sympathy with those benevo
lent but in1udiciOug people who are constantly