The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-12-02
THE MESSAGE.
Continued from Firsl page.l

tain the present and long exciting irient
" relation between Japan and th
United States will DO effected.
NEXT DOOR NElGnnoI on THE SOUTH.
The friendship between our countr
and Mexico, born Of close ncighborhoo,
md strengthened by many consideru
tions OF intimate intercourse and recip
rocal interest, has never been more con
spicuons than now, nor more hopeful o
Increased benefit 10 both nations. TIL,
intercourse OF tho two countries by rail
already great, ID making constant growth
Tho established lires and those recent,
projected add TO the intimacy Of traili,
and open new channels OF access to fresl
areas Of demand and supply. The i'm
portance OF tho Mexican railway system
will be further enhanced, to n degre.
almost impossibleto forecast, II it SHOULD
become a link In tho projected inter
continental railway. recommend thu
oar mission In tho City OF Mexico DC
raised to the first class.
RECIPROCITY WITH SPAIN.
The cordial character OF our relations
with Spain warrants tho hope tina. by
the continuance Of methods OF friendly
negotiation much may be accomplished
in the direction OF M adjustment oil
pending questions aud OF the increase OF
our trade. The extent and development
Of our trade with the Island OF Cubs
invest tho commercial relations of the
United States and Spain with peculiar
Importance. 1t ia not doubted that q
special arrangement in regard 10 com.
merce, based upon the reel procity pro.
vision OF the recent tariff act, would op.
crate most benetclally for both govern
ernments. This subject is now receiv.
ing attention.
THE CONSULAR SERVICE.
The Legislature OF the past few years
has evinced on tho part Of Congress 0
growing realization OF the Importance o.
the Consular service in fostering GU,
commercial relations abroad and in pro.
tecting the domestic revenues. Az the
scope OF operations expand increased
provision must b8 made to keep up the
essential standard Of efficiency. The
necessity Of some adequate measure OIL
supervision and inspection has been &c
often presented that need only com
mend the subject to your attention.
THE NATIONAL HOUSEKEEPING.
The revenues OF the government from
NIL sources for the fiscal year ending
June 80, 1890, were SAG, $685. SO IS, and
the total expenditures for the same
period were S35S, 6lS,5Sl 50. The postal
: receipts have not heretofore been in.
cluded In the statement Of these aggre.
gates, and for the purpose OF comparison
the sum OF sec, SS2097 90 should be de.
Quoted from both sides OF the account.
The surplus for the year, including the
amount applied to the sinking fund, was
sos, 3i4 ,496 03. The receipts for 1890
were SIG, 030, OPS 20, and the expenditures
Sl5,7So.S7l in excess OF those OF 1880.
The customs receipts increased S. $780,
Sl2 SIS, and the receip.s from internal
revenue Sll,725,l0 So, while on the
side OF expenditures, that for pensions
was S19,3l2,075 90 in excess OF the pre-.
Se0lbs ytdls
The treasury statement for the cur
rent fiscal year. partly actual and partly
estimated, is Us follows: Receipts from
all sources, SiOG,OOO,0C0, leaving a sur
plus OF So, OC0, 000-rot taking the pos
tai receipts into the account on either
side. The loss OF revenue from customs
Tor the last quarter is estimated at $751;
000,0 1000, but from this 10 deducted gain
OF about SlG. 100000 realized during the
first twelve months OF thu year.
For the year 1892 tho total estimated
receipts are s377S, 0C0, 900, and the esti.
mated expenditures 1857 $50, 2O9 ~
leaving an estimated surplus OF SIS ill.,
100 IS. which with cash balance Of
So, 100000 at the beginning OF the year,
will give SCI ,l47,100 IS as the sum avail
able for the redemption OF outstanding
bonds or other uses. The estimatea OF
receipts and expenditures for the Post.
office department, being equal, are not
included in this. statement on either
side.
STANDARDIZATION AND THE MARKET,
The act directing the purchase OF sill
yer bullion and the issue OF treasury
notes thereon" approved July II, 1890,
has been administered by the Secretary
OF the Treasury with an earnest purpose
to get into circulation at the earliest pos.
sible dates the full monthly amounts OF
treasury notes contemplated by it's pro-
visions, and at the same time to give to
the market for silver bullion such sup.
port as the law contemplates. The re-
cent depreciation in the price OF silver
has been observed with regret. The
rapid rise in price which anticipated
and followed the passage of the act, was
influenced in some degree Representation,
and the recent reaction is in part the re-
suit OF the same cause and in part OF the
recent monetary disturbances. Some
months OF further trial will be necessary
to determine the permanent effect Of the
recent legislation upon silver values, but
it is gratifying to know that the in.
creased circulation secured by the act
has exerted, and will continue to exert,
8 most beneficial influence upon business
and upon general values.
While it has not been thought best to
renew formally the suggestion Of m
international Conference looking 10 an
agreement touching the full use Of silver
for coinage ut q uniform ratio, care has
{ been taken to observe closely any change
in the situation abroad and no favorable
opportunity will be lost to promote s
result which it is confidently believed
would confer very large benefits upon
the commerce oitho world. The recen
Z monetary disturbances in England are
not unlikely tosuggest G REORGANIZATION
of opiniona upon this subject. Our yer,
large supply OF gold will, il not lost, b
impulsive legislation in tho supposed
interest OF silver, give US position o
advantage In promoting 'permanen
and safe international agreement 10
the free use OF silver as coin metal,
INCREASED CIRCULATION.
The efforts OF the Secretary to inereas
the volume OF money in circulation b;
keeping down the treasury surplus t
the lowest practicable limit have beel
unremitting and in n very high degre
successful. Tho tables presented b
him showing tho increase OF money Gil
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