Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1889-12-03

IabOrs and DN the Cuf1lli uls puSitiOh
Of the Shah TO encourage the enter
prise Of our citizens in the develop
ment Of Persian resources
A discussion is I'm progress touch
ing the jurisdictional treaty rights oil
the United States in Turkey. An
] earnest effort will be made to define
these rights to the satisfaction Of
those governments.
SATURALazATioN.
Questions continue 10 arise in our
relations with several countries in
respect 10 the rights Of natural
lied citizens. Equally Is this
/ the case with France, Italy, Rus
sia and Turkey, and TO a lees extent
with Switzerland. Prom time 10
4 time earncst efforts have been made
TO regulate this subject BIZ couven-
tons. An improper use Of naturali-
zation eheild not he permitted; but
il Is important that those who have
been duly naturalized should every
where be accorded a recognition Of
the rights aprertaining 10 the
citizatiOn Of the country Of
their adoption, The appro-
prialeness Of Special conventions
for that purpose Is recognized in
the treaties which this government
has concluded with n number OF
European powers, and il is advisa-
BILE that the difficulties which now
arise in our relations with other
countries, on the same subject should
lie similarly adjusted.
THE BRAZILIAN REVOLUTION.
The recent revolt in Brazil, in
favor Of the establishment Of re-
publican form Of government,
Is an event Of great interest
to the United States. Our min
isteT, at Rio DE Janeiro was
ut once instructed to maintain
friendly diplomatic relations with
the provisional government and the
Brazilian representatives Of the can't
talwere instructed by the provisional
! government 20 continue their func-
tons. O-;r friendly intercourse with
Z Brazil has therefore suffered no in
terruption. Our minister has been
further instructed 10 extend, on the
part of this government, a formal
and cordial recognition of the new
republic so soon as the majority OF
the people Of Brazil shall have signi-
fled their assent to its establishment
and maintenance.
NATIONAL. PROSPERITY.
Within our own borders a general
condition Of prosperity prevails. The
| harvests Of the last summer were
exceptionally abundant, and the
I tradcconditiOns now prevailing seem
/ 10 promise n successful season 10 the
/ merchant and the manufacturer, a.
well as general employment to our
working people.
TEFAsCRER's REPORT.
The report OF the Secretary Of the
Treasury for the fiscal year ending
June 3Oth, 1859. has been prepared
and will be presented to Con-
gress. IL presents with ciearness
the fiscal operations uf the govern
ment, and I avail myself Of it TO OBJ
tain some iacts for use here. The ag-
gregate receipts from all sources, for
the yearwereSSS7, O5O. 05S, SSi, derived
rs follows: From customs, S2223, $751;
7il.GS; from internal revenue, $780,
SSl, 5l3.S2; from miscellaneous Sour
ccs, So, 3;i5, SG3.23.
The ordinary expenditures for the
same period were S2Sl ,996, $3.50,
and the total expenditures, includ-
ing the sinking fund, were
$50, 559, a2e.2j. The excess Of re-
ceipts over expenditures was, after
providing for the sinking fund,
81, i7O, I29.59. For the current
fiscal year the total revenues, actual
and estimated, are 1870, 900, 600,
and the ordinary expenditures, actu-
I'll ahd estimated, are S293, 900, 200;
making with the sinking fund a
total expenditure Of S38l, 32l ,il6.9 80;
leaving an estimated surplus Of
Si3, 67s, SSS.0l.
During the fiscal year there was
applied 10 the purchase Of bonds, in
addition TO those for the sinking
fund, $50, 80, lT2.35, anu during the
first quarter Of the current year the
sum Of S3T SIS, 9S7.77, all OF which
were credited to the sinking fund.
The revenues for the fiscal year
ending July so, 1891, are estimated
by the Treasury Department at
$3.50, 500,O and the expenditures
for the same period, including the
sinking fund at S3il $50, I17.7O. |
This shows an estimated surplus for
that year Of Si3, j6g, 3D. 30. which is |
more likely TO be increased than re-
duced, when the actual transactions |
are written ups
The existence Of 50 large an AZ 1
tual and anticipated surplus should |
have the immediate attention of |
Congress, with q view T. reducing |
the receipts Of the treasury TO the /
needs Of the government as closely |
as may be. The collection of moneys |
not needed for public uses, imposes
an unnecessary burden upon our 1
people, and the presence Of 50 large 1
a surplus in the pablic vaults Is a 4
disturbing element in the con
duct Of private business. I'll
has called into use expedients /
for putting it into circulation, of /
very questionable prOpriety. We |
should not collect revenue for the /
purpose Of anticipating our bonds /
beyond the requirements of the 1
sinking fund, but any unappropri-
ated surplus in the treasury should \
he SO used, rs there is no other law
fulwey Of returning the money to
circulation, and the profit realized
by the government offers special adj
vantage.
The leaning Of the public funds
TO banks without interest upon Sc
curity Of government bonds
| regard as an unauthorized
and dangerous expetlient. 1t results
In temporary and unnatural in
crease Of the banking capital Of IA
vored localities, and compels n cat-
tious and gradual recall OF deposits
to avoid injury to commercial inter
ests. 1t is not 10 be expected that
banks, having these deposits, will
sell bonds TO the treasury so long
as the present highly benefi-
cial relation is continued. They
now practically get interest on
10th interest and proceeds
in circulation, and the deposits
now outstanding should he gradu-
ally withdrawn anu applied To the
purchase OF bonds. IL is fortunate
that such use can he made OF tho
existing surplus and for some time
to come Of any casual surplus that
may exist. After Congress has
taken the necessary steps for n re.
duction Of the revenue, such
legislation should be PROMPTLY
but very considerably enacted.
TARIFF REVISION.
! recommend n revision of our
tariff law, both in its administration
features and in the schedules. The
need Of the former j. generally con-
ceded. An agreement upon the !
evils and Inconvenience to be re- :
medied and the best methods for
their correction, viii probably not /
be difficult. Uniformity of valua- /
ton at all our ports is essential, and ,