The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1889-12-04

strangers now laWmly among ~
II. .ccss.ias % of the the Young sung .%pcro~ a
China mark:, We may hope. an era q
sosnsry over % which Ss !. csileI to rule.
tien and the tlshesie. tii:puts With Can
tion treaties, the message says:
ii.s i S Of % oir~enses ~ for which es.radi,ian
may be claimed and granted In most de.
sirnble between this country and Great
become n secure harbor for the evil doors
of the other through any avoidable short
coming In this regard. A new treaty ON
been recently negotiated and will soon l,e
laid before the senate.
THE NIcARAuGUA CANAL.
In pursuance of the charter granted ny
congress- aud under the terms OF its con-
tract with the government of NicarauRua,
the Inter Oceanic Canal company has bc-
waterway between the two oceans
which It's Organization contemplates.
.r% Srays fS%Ilic";,'T;s ;s;nsa. ;s v, for ;,%s s
posed conflict OF jurisdiction bctween
Nicarau9ua and Costa Rica i'm regard tn
the latter republic toward the constrnc--
which the right hank is Costa Rica ter
ritory. i am happy To learn that u friend
ly arrangement has been affected between
the two nations. This government has
proper way the adjustments of all que:-
tions that might present obstacles to the
completion of n work OF such Importance
TO the commercial interest Of the world.
With Germany the most cordial reia-
tions CONTINUES. The au:s,ions arising
from the return to the empire OF Germans
naturalized in this country has been con-
sidered and disposed OF to the entire satis-
dent notes the change of government in
Hayti, and refers to our friendly relations
with Japan, Turkey, France Italy and
other European governments.
THE REVOLT IN BRAZIL.
The recent revolt i'm Brazil, in favor of
the establishment OF "a republican form of
government, is an event of great interest
de Janeiro was at once instructed To nain-
tain friendly diplomatic relations with the
provisional government and the brasii'an
str,cted by the provisional government TO
continue their functions. Our friendly i'm
fered no interruption. Our minister has
been further instructed to extend ON the
part OF this government formal and cor
dial recognition of the new republic NO
soon as the majority of the people of Bra
zil shall have signified their assent tn its
establishment and maintenance.
OUR OWN AFFAIRs.
Within osar own bortiers . -0enesAl con-
dition OF prosperity ,;t prevails: prevails. a, The
exceptionally abundant and the trade
conditions now prevailing seem to
promise successful season to the Incr.
chant and the manufactures and general
employment to our working people. The
report of the secretary of the treasury Tor
the fiscal year, ending June 10, 1ss:', has
congress. Ii presents with clearness the
fiscal operation of the governmsnt, and
for use So here. The aggregate receipts
| from all sources for the year were 1897
060.O5s.s4, derived as follows: From ems.
| revenue, xl3O, ,ssl ,513.92; from mis-
| cellaneous sources, $s2, ,Xs5, ,sO3.2 The
period were s.si. ..sS, ,6ia.,;o. and the total
expensiitures. including the sinking funds,
were 2s.579. ..r.s.25, The excess of re-
| ing for the sinking fund. S51.47O. 30
| For the current fiscal year the total rev.
enucs, actual and estimated, are 15,OOO,,
600, and the ordinary expenditures. actual
and estimated. are ssssOOO.UOO, making
with the sinking fund a total expenditure
surplus of SA3,67s, ,ss:S.Ol.
During the fiscal year there was applied
to the purchase of bonds, i'm addition q
| those for the sinking fund, SsU, ,i.G. 112.:Sb
| and during the first quarter of tire current
year the sum OF So .siS, ,.3I all of which
| were credited To the sinking fund. The
revenues for the RscsI year ending July
| 10, 1881, arr. estimated by the treasury de
| partment at Sss5. 7UO,OOO and the expen.ii.
sinking fund, lat Sal .iD. ALTO. This show,
| an estimated surplus for that year oi
$A3,569, ,52..3D which is more likely To b'
| transactions are written up.
| THE SURPLUS.
| The existence of SO large an actual ant
anticipated surplus should have the inn
mediate attention OF congress with a view
| to reducing the receipts OF the treasury Il
| the needs of the government as closely n,
| may he. The collection of moneys no
needed for public uses imposes an un
| necessary burden upon our people ant
| the presence of SO large a surplus in ths
public vaults is q disturbing element il
the conduct OF private business. l
| has called into use expetlients for puttinl
| il into circulation Of very questionable,
| propriety. We should not collect revcnu
| for the purpose OF anticipating our bond
| beyond the requirements of the sinking
fund. But any unappropriats,tl surplus il
the treasury should be so used, as there i
no other lawful way of returning th,
money To circulation and the prof
realised by the governments offers sub
stautial advantages. The loaning of pub
lie funds To the banks without inters.s
upon the security of government
bonds / regard AN unauthorize,
and dangerous expedient. IL results i'm
temporary and unnatural increase of tn
banking capital Of favored localities am
conpels "a cautious and gradual recall q
the deposits To avoid injury to the com
mercial interests. IL is not to he expects
that the hanks having these deposits vii
sell their bunds tn the treasury so long "a
the present highly beneficial arrangement
| is continued. They now practically Re
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