The enterprise. [volume] (Wellington, Ohio) 188?-1899, 1889-12-04

| the impOrtantW WutcrWhy lncbNctntne tNp Vuonuhf
| wpich It's Organization oontemplates. Grave
| bompicationsn fof q time seemed immlnent 10
! view OF o supposed sonnict OF inrlsdictiolihes
tween Nicaragua and Costa Rtca II regefd 70
latter republic toward the construction of works
| On The San Juan tvSr, Of which the right bank
| IS Costa Rlcan tecsisoryl Tam happy 10 learn
,As, sHS ssSSs Ssc SssH ssHSs s
held itself ready % promote n evSsy pE9ber
present Obstacles 70 the completion Of the
| work Of such transcendent importance 70 the
SS%$srcs Il tnsss.ss @ SS8't q &.
aThe iTaditlepsl l9pQe y eeliPE absthtei this
country and fSe fSsheh RspdhEs hasIfeoeiyea
dt position held a PnHt dbfibe isit sdmsIsr: The
bucbksAlof our erh1b ef6 cbaa tbnen gratifying
The report ot the. comp,lsrton viii be laid be-
ioTs sis EUSSTsss n sss proper
reserve a. 70 its poliey q foreign territories
theipgiteHoH q ,hs eyY ,Fpnaent q belgiqm
y take pat y y igserof .SnaI \, conSsess EAiea
S@Sls ys%Sst ,Ss sSs sisssIDf slsSs X $3aAs eeS
endto prevspy,h ,heshipesagfof slsves bssea pur
interest n ths xtinctiop q tbs crime against
has, been Increased 81 ihe results q emaneipei
| tion within our own borders ~ N $50
| 4 With Germany THE most cordial relations con,
tipae: The Questions srisipg from ne r return ,n
country are considered and disposed Of IN a
temperate spirit, 10 The entire satisfaction Of
| both goyespmentA tya n shfE,ut NIsiuC9 oh
IN q source 81 great satisfaction that the n;
| ternal dlstdrbnnces Of the Republic Of Hayu are
at last happily ended and that an apparently
stable government has been established. Ithas
been duly recognized by, the United States. M,
Amixcd commission Is now y SOS, session On IN this this
claims against the Republic Of Venezuela and
| Il sfoped that satisfactory conclusion VIII be
speedily reached. This Goyernment has not
hesitsted 70 express Us earnest desire that me
| Britain and Venezuela may be adjusted AMIGA
bly, and In strict accordance with the historic IL
| tie Of the parties. a.ndE .aYpx- 10 81
The advancement OF the Empire of Japan mas
| been evideneedby the recent PRONUNCIATION Of q
new constitution, valued for guarantees Of lib
| erty and providing for responsible ministry 70
| conduct the government. II Is earnestly recon-
oss q ss Sy psovS
ing the machinery necessary 70 carry out treaty
| etipulntions In that regard.
The friendliness Of the Persian Government
ment OF Americans engaged In missionary Ia
bors and by the cordial disposition OF the Shah
TO encourage the enterprise OF our citizens In
the development OF Persian resources.
dictonSi treaty rights q the United States IN
Turkey. An earnest effort VIII be made 70 de'
iine those rights 70 the satisfaction ofbOth gov,
ernments. iN"F
tlons with several countries In respect 70 the
rights OF natualized citizens. Especially is this
the case with France, Italy, Russla and Turkey,
and 10 some extent with Switzerland. From
time 70 time earnest efforts have been made 70
regulate this subject by conventions. An I'M
proper use OF naturalization should not be per
mitted, but Il Is important that those who have
been duly naturalized should every where be nc
sordsa S,SoS Oi shs q oonS nS so oi Rs dop
ton. The appropriateness OF special oongen-
, tons for that purpose Is Recognized IN
treaties this Government has concluded with
number Of European States. and II is advisable
that the difficulties which now arise In our rela.
tlons with other countries on the same subject
should be similarly adjusted, .-ioe aal. n
The recent revolution In Brazil In favor OF the
establishment Of q republican form Of govern,
ment is an event OF great interest 70 NE United
States. Our minister at Rio de Janeiro was at
once instructed 70 maintain friendly diplomatic
relations with the provisional government and
the brazilian Representatives at this capital
were instructed BY the provisional government
TO continue their functions. Our friendly inter
course with Brazil has, therefore, suffered no
Interruption. Our minister has been further In
strucied 70 extend on the part OF this Govern.
ment formal and cordial recognition OF the
new republic 90 soon as the majority OF the
people OF Brazil shall have signihed their assent
otis establishment and maintenance.
Within our own borders Q general condition
Of prosperity prevails. The haryests OF the last
summer were exceptionally abundant and the
trade conditions now prevailing seem 70 promise
ssuccessful season 70 the merchant ana tne
working people. The report OF the Secretary
OF the Treasury for the fiscal year ending
June 80, 1889, has been pr'pared and VIII be
Dsss she sca GOps q @ and
avail myself Of Il 70 obtain some facts for use
here. The aggregate receipts from all sources
for the year were s3S7, ,050 0oSSi, derived as fol
lows:
From customs. .t1k3b2,I Ill.oS
From internal lreyenuea.......... lQ,t ,bi39s
From miscellaneous sources......r 3e,3S5,SOaSI
The ordinary expenditures for the same period
were t23l, 900 6ib0 90, and the total expenditures
including the sinking fund, were So, ,S7s, ,s292S
The excess OF receipts oyer.expendtures was,
afterproviding the sinkingfu s67 40 l2959
For the current fiscal year, the total revenues
actual and estimated, are sS8, 10000, and the
ordinary expenditures, actual and estimated,
are ed 1000 6OO making, with the sinking fund,
total expenditure OF s3li 1891, 1902, leaving an
estimated surplus Of e43, ,07S 8S30i.
During the fiscal year there was applied TO
the purchase OF bonds, In addition 20 those for
the sinking fund, ep0, ,456 i72.35, and during the
first quarter OF the current year the sum OF
81, 7,S3S,gS7.77, all OF which were credited 10 the
sinking fund The revenues for the fiscal year
ending June 3d. 1891, are estimated by the
Treasury Department at S3Sb000i000 and the
expenditures for the same period, Including the
sinking fund, Of S3Ii, ,4sO, 477.70 This. shows an
estimated surplus for that year OF 90, $50 30
which Is more likely 10 be increased than re
duced when tho actual transactions are Wdtten
The existence OF so large an actual and antici.
pated surplus should have the immediate at
tention OF Congress with view 70 reducing tho
receipts OF the treasury 10 the needs OF the Gov.
| eminent as closely as may be. The collection OF
! moneys not needed for public uses imposes an 1n-
necessary burden upon our people, and the pres.
enoe OF 50 large q surplus In the public vaults
is q disturbing element in the conduct Of pri-
yate business. Ithas called into use expodients
for putting II into circulation Of very question:
| bic propriety. We should not collect revenue for
the requirements OF the sinking fund, but any
unappropriated surplus In the treasury should
| be 80 used as there Is no other lawful way OF
returning the money TO circulation and the
profit realized by the Government offers q sub
stantial advantage. The loaning OF public funds
10 the banks without interest upon the secur-
tiles OF government bonds regard as an un'
authorized aud dangerous expedient. II results
in q temporary and unnatural increase OF the
banking capital OF favored localities and com.
pels cautious and gradual recall OF the de-
posits 10 avoid nintury 10 the commercial inter
ests. II Ia not 70 be expected that the banks
having these deposits will sell their bonds 10
the treasury so long as the present highly bene-
fetal arrangement IL continued They now
practically get interest both upon the bonds and
their proceeds. No further use should be made
Into circulation, and the deposits now ouistand.
ing should be gradually Withdrawn and applied
70 the purcha7e OF bcnds. II Is fortunate that
such use can be made OF the existing surplus
and for some time 70 come, OF any casual surplus
that may exist after Congress has taken the
necessary steps for q reduction Of the revenue.
Such legislation should be promptly but very
Considerably enacted. ~ tJktLlNP tH.t'l
recommend q revision of dur tanr law, both
IN It's administrative fpatprcs and 10 the schod
qles.. The nesdof the former is gdperally con,
dededy and an agreement upon the evils and In
convenience 10 be remedied and the best Ineth
DDS Tor their correction viii probably not be
difncuit Uniformity 6f valuation al all our
ports is essential and effective measures should
be taken 70 secure Il. y Is equally desirablo