Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1889-12-12

on firm basis by providing the machiner,
necessary to carry out treaty stipulations ii
RIGHTS OF NATURALIzED CITIZENS.
questions continue to arise in our relation
with several countries in respect to TIN
rights OF naturaiized citizens. Especially il
this the case with France, Italy, Russia ant
Turkey. and to a less extent with Switzer
land. From time to time earnest effort
have been made to regulate this subject b,
conventions An improper use of naturali
Eason should Id. not be permitted but it il
duly naturalized should everywhere be ac
corded recognition of the rights pertaining
ton. The appropriateness of special con
ventions for that purpose is recognized in
ed with a number of European States. and il
Is advisable that the difficulties which now
arise IN our relations WITH other countrie:
on the same subject should be similarly ad
iusted.
THE BRAZILIAN REVOLUTION.
The recent revolution in Brazil in favor o1
the establishment of a republican form OF
government is an event of great interest to
the United States. Our Minister at Rio dc
| Janelro was at once instructed to maintain
friendly diplomatic relations with the pro-
| Tlsional government, and the Brazilian repre-
| sehtatiVes ut this capital were instructed by
the provisional government to continue
| their functions. Our friendly intercourse
with Brazil has therefore suffered no inter
rupti0n. Our Minister has been further in
| structed to extend on the part of this Gov.
eminent a formal and cordial recognition OF
the new republic as soon as the majority OF
their assent to its establishment and main
| tenance
DOMESTIC AFFAIRS.
| Within our own borders q general condi-
ton OF prosperity prevails. The harvests of
the last summer were exceptionally
ABUNDANT and the trade conditions now pre-
vailing seem to promise u successful season
to the merchant and the manufacturer and
general employment to Ot.r working people.
The report of the Secretary of the Treasury
for the fiscal year ending June 80, 1899, has
| l.een prepared, and will be presented to
| congress. lit presents with claarpeSs
| fiscal operations sof the Government, and /
avail myself of it to obtain some facts for use
FOR tie Year were iES%
| derived as follows: From customs, S223 ,s32,
s4l6S; from internal revenue, S130,SS1 ,513,-
80; from miscellaneous sources, $32 1886 500. @.
| The ordinary expenditures for the same pc
| riod We're S2s1 s6,6l;%6G and the total expend-
| lures, including the sinking fund, were $500, :
| 519,929.25. The excess of receipts over ex-
! penditures was, after providing for the sink
ing fund.- S57 40 1919 SO. For the current I'll seal
| year the total revenues actual and esti-
| mated are $3.50 0,0O0 and the ordinary eX-
| 0O0,0o0, making, with the sinking fund, a total
expenditure of S34l ,32I 1862, leaving esti-
| mated surplus of Si3,67s, SS3.01.
BOND PURCHASES AND THE SINKING FUND.
During the fiscal year there was applied to
the purchase of bonds in addition to those
for the sinking fund So, 456, l7235, and during
the first quarter of the current year the sum
of S37, s3S 937.77, all of which were credited to
the sinking fund. The revenues for the fis-
cal year ending June 30. 1891, are estimated
and the expenditures for the same period,
including the sinking fund, at s3I1 ,4s0 Az. 20.
This shows an estimated surplus for that
year of Si3,569, 1920, which is more likely to
be increased than reduced when the actual
transactions are written up.
THE SURPLUS REVENUES.
The existence of so large an actual and an
ticipated surplus should have the immediate
attention OF Congress with view to reduc-
ing the receipts of the treasury to the needs
of the Government as closely may be-
The collection of moneys not needed for
public uses imposes an unnecessary burden
upon our people, and the presence of so large
a surplus IN the public vaults is disturbing
element in the conduct of private bust
ness. 1t has called into use expedients
for putting it into circulation of very ques-
tionable propriety. We should not collect
revenue for the purpose of anticipating our
bonds beyond the requirement of the sink
ing fund, but any unappropriated surplus in
the treasury should be so used as there is
no other lawful way of returning the money
to circulation, and the pront realized by the
70, 1n oFers substantial advantage.
without interest upon the security OfGovern-
ment bonds 1 regard as an unauthorized
and dangerous eXpedient.
REVISION OF THE TARIFF LAW.
recommend revision of our Tariff law
both in its administrative features and in the |
schedule. The need of the former is gener- |
ally conceded, and an agreement upon the |
evils and Inconvenience to be remedied |
and the best methods for their correction |
will probably not be difficult Uniformity of |
valuation at all our ports is essential, and !
m eS ShoTld De taken to
ications should be promptly decided.
THE CIRCULATING MEDIUM.
A table presented by the Secretary of the |
showing the amount of money of |
all kinds in circulation each year from 1873 |
to the present time, is of interest. 1t APP
pears that the amount of National bank |
notes in circulation has decreased during |
1885, 29 is chargeable to the last year |
The withdrawal of bank circulation will |
necessarily continue under existing condi- |
tions. 1t is probable the adoption of the |
suggestions made by the Comptroller of the |
Currency, viz: That the minimum deposit of |
duced, and that an issue of notes to the par
value of the bonds be allowed, would help to |
withdrawal of bank notes has been going on
there has been a large increase in the amount |
the issues of gold and silver certificates.
The total amount of money of all kinds in |
on March l, 1873, was $sO5. 49,, sO7,
while on October l, 1899, the total was 81 ,405,-
01S,0OO. There was an increase of SOB All $50
in gold coin of 57,55i,1 100 in standard silver
0131S1 in United States notes, making total
of s7ls,s76.4os. There was during the same
period decrease of STA ,109,129 in bank cir |
culation, and of 642,4sl in subsidiary
silver. The net increase was S599,224,-
about five dollars during the time
covered by the table referred to. The total
coinage OF silver dollars was on November 1,
the treasury vaults and $6O0 ,4S0 were in
circulation. OF the amounts in the vaults
S211 BIG, 94 were represented by outstanding |
silver certificates, leaving So POI ,5T not in cir
culatiOn and not represented by certificates.
THE SILVER COINAGE.
The law requiring the purchase by the
treasury of two million dollars worth of sill
yer bullion each month, to be coined into
silver dollars of four hundred and twelve
and half grains, has been observed by
the department., but neither the secretary
nor any of his predecessors has deeme d il
safe to exercise the discretion given by law
to increase the monthly purchases to four
million dollars.
THE DANGERS OF FREE COINAGE OF SILVER
l think it is clear that if should make
The coinage of silver at present rates free we
must expect the difference in bullion values
IF the gold and silver dollars will be taken
account of in commercial transactions, and
ear the same result would follow any con-
siderable increase of the present rate of
coinage. Such q result would be dScredit-
ible to our financial management and diSaS- |
rOus to all business interests. We should
lot tread the dangerous edge of such
peril, and, indeed, nothing more harmful
,ould happen to the silver interests. Any
afe legislation upon this subject must Sc |
ure the equality of the two coins in their |
uses.
THE BEHRING SEA PROCLAMATION.
The proclamation required by Section of |
he Act of March 2, 1883, relating to the kill
ng of seals and other fur bearing animals, |
vas issued by me on the 21st of March, and a |
evenue vessel was dispatched to inforce the
avs and protect the interests of the United | ,
tates. The establishments of a refuge sta |
ion at Point Barrow, directed by Con- |
,ress, was successfully accomplished.
OUR COAST DEFENSEs.
Judged by modern standards we are prac- |
ically without coast defenses. Many of the |
trucrures we have would enhance rather |
han Diminish the perils of their garriSons | ,
IN fire of improved guns. | ,