The Russellville Democrat., 1890-12-11

of Sweden and Norway on the invitation q
 T, me Inree powers ana VIII soon he installed;
 Council are in process of organization. A
 rational and evenly distributed scheme of 1 taxation, both municipal and upon imports,
 Is in operation. Malietoa is respected as
 King
 REbAFtoss WITH GREAT ORPHAN.
 The new treaty of extradition with Great
 claimed on the 2Sth of last stasuh. its bcppe3
 cial work is elrcaly apparent The differ
 the fur seal question in the Behrne sea is not
 yet adjusted, as will be seen by the corre-
 gross. The offer to submit the question to
 arbitration, as proposed by Her Maiesty's
 government. has not been aeceptedl
 proposed is hot thought to be caicu
 lated to assure conclusion satisfactory to either party. It is sincerely hoped thatbe-
 fore the opening of another scaling season 1 some arrangements may be effected which | right, derived from Russia, which was not disregarded by any nation for more than
 eighty years preceding the outbreak of the | existing troubles
 hAwAif AND THE MKINLEY BILL.
 In the Tariff act wrong was done to the | Kingdom Of Hawaii which am bound to pre-
 sume was wholly unntentonal. Duties were levied on certain commodities which are in 1 cluded in the reciprocity treaty now existing between the United states and the Kingdom exception in favor of that Kingdom. I hope | Congress will repair what might otherwise seem 10 De a breach Ot taltl the part Of this Government.
 MR. vANBoKEL's CLAIM
 | An award in favor of the United States in the matter of the claim of Mf. Vanbokel against lIayti was rendered on December I, | 1888, but owing to disorders then and after l ward prevailing in Hayti, the terms of pay l as to the time of payment has been approved, and is now in force. Other just claims of cit wrongs suffered during tho late political con | fiict in Hayti will, it is hoped, speedily yield l to friendly treatment.
 | ExTRADTTIoN TREATY WITH ITALY. | Propositions for the amendment ol the 1 treaty of extradition between the United states and Italy are now under consldera. eans ,on iop of tin w be assed ts t9 Provide the | Italian Government to take part in an ap- i proaching conference to consider the uni l versal prime meridian from which to reckon | longitude and time. As this proposal fol- | lows in the track of the reform sought to be | initiated by the meridian conference of | Washington. held on the invitation of this | Government the United States should mani- | fest a friendly interest in the Italian pro- | posal MEXICAN AFFAIRS. Tho friendship between our country and | Mexico, born of close neghbOrhood and | strengthened by many considerations of fn- | innate intercourse and reciprocal interest, 1 l has never been more conspicuous than now, nor more hopeful of increased benefit to both 1 nations. The intercourse of the two coun- l tries by rail, already great, is making con | stant growth
 | RELATIONS WITH SPAIN. | The cordial character of our relations with | | Spain warrants the hope that by the contin- | uance of methods of friendly negotiation l much may be accomplished in the direction the increase of our m trade The extent tan and | development of our trade with the island of Cuba invest the commercial relations of the | United states and Spain with peculiar im- | portance It Is not doubted that special ar engagement in regard to commerce, based | upon the reciprocity provision of the recent l | Tariff act, would operate most benefieialy l | for both governments. This subject is now | receiving attention. | THE CONSULAR SERVICE The legislation of the past few years has | evinced on the part of Congress q growing | realization of the importance of the consular | | service in fostering our commercial relations | | abroad and in protecting the domestic rev | enues. As the scope of operations expands, | | increased provision must be made to keen up | ] the essential standard of efficiency. The | necessity of some adequate measure of super 1 vision and inspection has been so often pre- sentcd that need only commend the subject | | to your attention. l FINANCIAL
 The revenues of the Government from all l | sources for the fiscal year ending June 30 | I 1890, were s46s 96S, ,0S0.55, and the total ex- | penditures for the same'period were S35s, ,6ls,- 1 5s4.52 The postal receipts have not hereto | l fore been included in the statement | | of these aggregates, and for the pur- | pose of comparison the sum of $60,ss2 097.g2 | | should be deducted from both sides of the | l account The surplus for the year, includ- 1 | ing the amount applied to the sinking fund, was slo5 Si4, ,497.o5. The receipts for 1890 were l SIS, ,y23-79, and the expenditures $l5 739,- S71 in excess of those of 1889. The customs receipts increased S ,SS5, SASS, and the ceipts from internal revenue sll,T25, ,l9l.S9, | while on the side of expenditures, that for | pensions was Sl9,3i2,074s5 in excess of the preceding year.
 RECEIPTS AND EXPENDITURE The Treasury statement for the current | fiscal year, partly actual and partly estimat- ed, is as follows:
 Receipts from all sourcese, siO6, ,O00, 900; total expenditures, S354 ,0O0000, leaving surplus of S52, ,o00, ,000-not taking the postal receipts into account on either side. The loss of rev | enue from customs for the last quarter is estimated at s25 GOO, but from this is de- dueted gain of about si6,000,0o0 realized during the first four months of the year.
 For the year 1892 the total estimated re ceipts are sS73,0oo,00o and the estimated ex pendtures S357, ,s52, 0942, leaving an estimat ed surplus of Sl5, ,l47 ,590.58 which, with cash balance of S52 ,000,000 at the beginning of the year VIII give s66l IS!;os as the sum ayill bonds or other uses. The estimates of re ceipts and expenditures for the Post office Department being equal are not included In l this statement on either side.
 PURCHASE OF SILVER BULLION.
 The act "directing the purchase of silver bullion and the issue of Treasury notes thereon" approved June l4 1890, has been administered by the Secretary of the Treas ury with an earnest purpose to get into cir, culation at the earliest possible dates the full monthly amounts of Treasury notes contem- plated by it's provisions, and at the same time to give to the market for silver bullion such support as the law contempates. The recent depreciation in the price of sil- yer has been observed with regret pated and followed the passage of the act was influenced in some degree by specu- lation, and the recent reaction Is in part the result of the same cause and in part of the recent monetary disturbances. Some months Of further trial will Dc necessary to deter mine the permanent effect of the recent legis- lation upon silver values, but it Is gratifying to know that the increased circulation se- cured by the act has exerted and will continue to exert a more beneficial influence upon business and upon general values.
 THE RECENT FINANCIAL FLURRY.
 The recent monetary disturbances in En. gland are not unlikely Co suggest q re exam ination of opinions upon this subject. Our very large supply Of gold will C pot lost by of silver, give ms e position of advantage in promoting a permanent and safe interuu- tional agreement for the free use of silver as
 CIRCULATION oF MONEY.
 The efforts of the Secretary Co increase the volume Of money in circulation hy keeping down the treasury surplus Co the lowest prac' ticable limit have been unrcmlttinF, and in very high degree successful Tho tables pre-. sented by him, ehoNin the Increase or money in circulation during tie past fwo Go. cades, and especially thN table show tnK the
 increase during the eighteen months hs has administered the affair of Che department, are interesting and instructive. Tho in- crease Of money in circulation dur the aggregate S,s sss.si1. or about fi.sa per capita. and Of this increase only S7i@lk1 was que 10 tue fHttNt HiAHFN tFNAh1AtlHtts | That this substantial and needed ai1 given to commerce. resulted in au enormous ru. duetion of the public debt and of Che annual interest charge ir matter of increased s1tls- faction. There have been purchased aud rr- deemed since March 4. iea. and 4ss per cent. bonds co thc amount af S2ii sd2s stae. nt a cost of S1i6.610 7ti, resulting ln the reduction Of the annual Interest charge of sslsr lfo. and a total aylng ef ntercst uf Hia7asyA
 THE INTERNAL nENNNgN.
 notice with great pleasure the etutesnent of the Secretary that tue reel ufs from tn. ternaI revenue have inNrras#d duFfHg tNe last fiscal year nearly kl1.oassa. and that the cost Of collecting this lnfRer rNNeaHs vas less by S9O,Gl7 than for tho sanae purpose ia the preceding year The percentage uf gpef of collecting the customs revenue Hza tess for the last fiscal year than eyer 1efaFA
 THE wAK DEPARTMENT.
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