The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1889-12-12

rent legislation of the two contiguous coun-
tries will not be long deferred, and that all
existing causes of difference may be equit-
ably adjusted.
l recommend that provision be made by
an international agreement for v:sibly mark
ing the water boundary between the United
States and Canada in the narrow channels
that join the Great Lakes. The conventional
line therein traced by the northwestern
boundary survey, years ago, Is not in all
c"s"s readily ascertainable for the settle
n:ent of iurisdictional questions
A just and acceptable enlargement OF the
list of offenses for which extradition may be
claimed and granted Is most desirable be-
tween this country and Great Britain. Tho
territory of neither should become secure
harbor for the evil doers Of the other through
any avoidable shortcoming in this regard
A new treaty on this subject between the
two powers has been recently negotiated and
will soon be laid before the senate.
Various International Questions.
The Importance of the commerce Of Cuba
and Porto Rico with the United States, their
nearest and principal market, justifies the
expectation that the existing relations may
be beneficially expanded The impediments
| resulting from varying dues on navigation
| and from the vexatious treatment of vessels,
on merely technical grounds of complaint,
in West India ports, should be removed.
Here follows brief reference to our rela-
tions with Spain, France, Portugal and Mic
aragua; to the Brussels international slave
trade congress; to our relations with Ger
many, and to the condition of Hayti.)
| A mixed commission is now in session
in this capital for the settlement OF
long standing claims against the re-
T11:I liz # oil ia hon
that a satisfactory conclusion will be speedily
reached. This government has not hesitated to
express its earnest desire that the boundary dis
pute now pending between Great Britain and Ven
ezuela may b., adjusted amicably and in strict &C
cordancc with the historic title of the parties.
The advancement of the empire of Japan has
been evidenced by the recent promulgation of a
new constitution, containing valuable guarantees
OF liberty and providing for responsible ministry
| to conduct the government.
1t is earnestly recommended that judicial
| rights and processes in Corea be established on
| firm basis, by providing the smachinery neces-
sary to carry out treaty stipuotions in that re-
gard.
Tile friendlineSs Of the Persian government con-
| tinueS to be shown by its generous treatment OF
| Americans engaged in missionary labors, and by
the cordial disposition Of the shah to encourage
the enterprise of our citizens in the development
| of Persian resources.
| A discussion is in progress touching the juris-
| dictional treaty rights Of the United States in
| Turkey. An earnest effort will be made to define
those rights to the satisfaction Of both govern
| ments
| Naturalized Citizens.
Questions continue to arise in relations with
several countries in respect to the rights OF nat
| uraliZed citizens Especially is this the case with
| France, Italy. Russia and Turkey, and to a less
| extent with Switzerland. From time to time
earnest efforts have been made to regulate this
| " wit those
| improper Of naturalization should not be per-
. mltted but it is most important that those WHO
have been duly naturalized should everywhere be
! accorded recognition Of the rights pertaining tC
| the citizenship of the country of their adoption
| The appropriateness of special conventions fol
that purpose is recognized in treaties which this
! government has concluded with number OF
| European states, and it is advisable that the diff
| culteS which now arise in relations 18th Other
| countries on the same subject should be similarly
| adjusted.
The Brazilian Revolution.
The recent revolution i'll Brazil in favor of the
| establishment of a republican form OF govern
| mcnt is event Of great interest to the United
| States. Our minister at Rio de JaneirO was a.
| once instructed to maintain friendly diplomatic
| relations with the provisional government, ant
the Brazilian representatives at this capital wer'
| instructed by tin, provisional government to con
| tinue their functions Our friendly intercourse
| with Brazil has therefore, suffered no interrup
| ton.
Our minister has been further instructed to ex
| tend on the part of this government a formal an(
| cordial recognition of the new republic soon a
/ the ina jority of the people of Brazil shall hav,
| signified their assent to its establishment ant
| maintenance.
Within our own borders general condition o.
| prosperity prevails The harvests OF the las
| summer exceptionally abundant, and th'
| trade conditions now prevailing seem to promis
| a successful season to the merchant and the man
ufacturer. and general employment to our work
ing people.
| Our Financial Condition.
The report of the secretary of the treasury 70
the fiscal year ending June 3d. 1899, has been pre-
pared, AID will be presented to congress. 1t pre-
sents with clcarness the fiscal operations Of tn
government, and l avail myself Of it to obtail
some facts for use here.
The aggregate receipts from all sources for tn
year were $685., ESQ. "a, derived as follows:
From customs. $a23. S32, 741 81
From internal revenue. ............ 130 S81 ,5139
From miscellaneous sources. 81, 335, S032
The ordinary expenditures for the same perio
S2S1 1886 els. 60, and the total expenditures
including the sinking fund, 1928, 579, 929 2,
The excess of receipts over expenditures was
after providing for the sinking fund, S57 40 IS
| For the current fiscal year the total revenues
| actual and estimated, $3S5 0O0, ,OO0 and the OF
binary expenditures, actual and estimated, ar
| S293. 600 900, making with the sinking fund
total expenditure of $341, ,321, 1859, leaving q
estimated surplus of $43, 67s ss3.01.
| Purchase of Bonds.
| During the fiscal year there was applied to tn
| purchase of bonds, in addition to those for tn
sinking fund, 800, ,456 72 IS, and during the frs
| quarter of the current year the sum Of $37, ,S3S
| 937 ~ all of which were credited to the sinkin
fund. The revenues for the fiscal year ending
June 80 1891, are estimated by the treasury de
| partment at S3S5, ,0O0, O00 and the expenditure
for the same period, including the sinking fund
| at S3il, 40, 4T.70. This shows estimated SUI
plus for that year of $4s $50 SD 80, which is NOR
| likely to be increased than reduced when tn
| actual transactions are written up.
The existence of SO large an actual and antic
| patel surplus should have the immediate after
| ton of congress, with a view to reducing the N
ceipts of the treasury to the needs Of the govern
ment as closely may be. The collection
moneys not needed for public uses imposes a
!, | unnecessary burden upon our people, aud tn
presence of so large surplus in the public vault
is Il disturbing element in the conduct of prvai
business. 1t has called into use expedients fc
| putting it into circulation of very questionab
, propriety. We should not collect revenue fC
| the purpose of anticipating our bonds beyon
|, | the requirements of the sinking fund, ,>but an
| unappropriated surplus in the treasury should /
SO used, as there is no other lawful way Of r.
turning the money to circulation, and the prof
realized by the government offers a substanti,
| advantage.
Loaning Public Funds to Banks.
The loaning of public funds to the banks wit
out interest, upon the security of governmel
bonds. l regard as an unauthorized and dangeror
. | expedent. 1t results in temporary and III
| natural increase of the banking capital OF favore
, localities. and compcls cautious and gradual r
call of the deposits to avoid injury to the con
inercisl interests. Ii is not to be expected tn,
the banks having these deposits will sell the