Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1890-12-06

Fessei Oh me United State on IA n,sscn,, 4 L.
transit charged with political ofrerses IN orIa
'nat ne might be tried for sucn olrenses md,
Mnut was described as martial law, l was con
strained 10 disavow Mr. Miners act and re-
call him ftom his post, ~
Our relation with China, which have q,
several years occupied % important, a place /,
our uiplonalc history have called for carefn
consideration nhd have been the snbinct -
much correspondence.
The communications of the f-bi,eso ,,,,,,,...
have brought into view the whoIe srhiaa, ~
our conventional relations with his countrv
ahd at the same time this Government throns,
lts legation at Peking has sought 10 arron,,,
various matters and complaints ,ouob,n, III,
interests and protection OF our citj2ens /,
China. '''0N' II
me new treaty OF extradtion with oren,
prllalh alter due ratification, was uroclnirn,d
On the Zoth OF last March. lis beneficial worl,
Ing is already apparent Wv" !"
inc aiH renee between the two governments
touching the fur seal questions in the Rebr,no
sea is moi yet adjusted, as will be seen hv ,he
correspondence that will soon be laid berors
Congress Tho onfer 10 submit the question Ia
arpitration' as proposed by Her Majesty's Gov.
erhlheht' mas not been accepted, for the reason
that the form OF submission proposed is not
thou9ht 10 DC calculated to assure conclusion
| s"uei'otory 10 either party II Is sincerely
noPou that pelore The opening OF another seal.
ing season some arrangement NAV bo affected
"hleh VIII assure to the United States a pron.
erty right, derived from Russia which was not
disregarded by any nation for more than eight,
years preceding the outbreak OF the eyjstlnc
trouble.
THE REVENUES OF THE GOVERNMENT
from all sources for the fiscal wear ending r,ro
| 10, 1890 were $iG3 N3 0lO So and thc ,ot,lnx
penditures for the same period were s3isGts .
5S452 The postal receipts have not heretofore
been included In the statement OF these a,gre
gates, and for The purpose O, connnrison tho
sum oil SO1S82oo'o' should be deducted from
voaa t,n,',1i. ~ WV "''ouu' inc surplus Tor the
,,'l so. s''o ",ioun' id appIleu 10 the sink
,sso ,u s,co "e ro' wa. Vs. Inc receipts for
az -oo os, y,V'g '-''' @u" inc expenditures
,,,,,, =. 'HO,o' Vi 'hoso vi lo'o' inc Gus
| .aa'I., rs '"N'o"so" q'o''ot+ Ny ana the
w,,i,n m t, ''' .o,Vhue' NiIi|o' 'le9
siln go o,a ~. ~ os pe"ui'uic'' that Ior pen
| inc, ,oor III oAoo'' VI '"c pleceu-
| ',I,o r,.o,,.,,u. ......,
WOW ,a,,t,, 'o' 'io current hSca
folln,s. poaai,," , p"i Wy V'''iiia'eu Is rs
to,oI '"i.' s a., oo,i'ov'' o'Vo VV'VJoi
~. 70 A., no az Vo, '''hoo"o," i'aF nB sur
roi,,s i,t' ~, '"oono' vu"ihg lnc postal re-
,a, a, INV - sno account On ol'her sue inc
, ~ - gu eus.o'ils IoF tHe past quar-
| ,.,,,t 80 '"'ou "' gu, o''Voo' ouI IRON this Is
| ,ho ,.s, e"'' " "oou' Fl"UVouoJ' reailzeu
t,' - 81. 'ou' A'Uno',, ,no., Vi 'Ie year
s,-o ooS C oa 'o' 'i'o 'o'"i e'tilna'eu receipts
ooo =, '',u 'lio oApenu'tures s31L%,2
-o1 40 ta 'i, .e,i'''i,eu surplus ol sin 10
-, M s,' '''o'' Wv" .'Sii ""'"nco OIL 'o5V'ouo
i II, .
80 ., .,V sun "'"Iaole ior 'he redemption
uonuS VI o'ier uses, Ihe esti'
w. lips anu expenditures Ior inc fost
IL, nj oois oqu" are mol ihcIuueu
III 'i''' statement of eithef 9'ue'
SILVER AND THE FINANCES
The act "Directiug the purchase of silver bul
lion and tie issue OF treasury notes tbercon 81
approved July II, 1890, has been administered
by the Secretary of the Treasury with an earn.
est purpose to get into circulation at he earIi.
est possible dates the full monthly amounts OF
treasury notes contemplated by its provisions
and at the same time to give to the market for
silver bullion such support as the law coutem.
plates. The recent depreciation in the price of
silver has been observed with regret. The rapid
rise in price which antc.pated and followed the
passage OF the act was Influenced I'm some de.
gree by speculation and the recent reaction is
in part the result Of the came cause and in part
of the recent monetary disturbances.
Some months OF further trial will be neccs.
sary to determine the permanent effect of the
recent legislation upon silver values but 1t is
graf flying TO know that the increased circuln-
ton secured by the act has excrted and will
continue to exert most beneficial influence
upon business and upon general values
While 1t has not been thought best to renew
10
ference looking 10 I'M agreement touching the
full use of silver for coinage at uniform ratio,
care has been taken to observe closely any
change in the situation abroad, and no favora.
bic opportunity will be lost to promote n result
which II is confidently believed would confer
very large benefits upon the commerce OF the
world.
Tho recent monetary disturbances in Eng.
land are not unlikely to suggest a rc-examin.
alton Of opinions upon this subject. Our very
large supply of gold WILL II not lost by impul.
sivc legislation In { @ supposed interest Of
silver give us Il portion OF advantage in pro-
noting Il permanent and safe international
agreement for the free use of silver Us n coin
metal.
The efforts of tho Secretary to increase the
volume of money in circulation by keeping
down the treasury surplus TO the lowest praCti-
cable limit have been unrcmitting and in a
very high degree successful. The tables pro-
sen ed by him, showing the increase of money
In circulation during the last two decades, and
especially the table showing the increase dur
ing the nineteen months he has administered
the affairs OF the department are Interesting
and instructive The increase OF money in cir
cu'a,ion during the nineteen months had been
in the aggregate Sg3, SGGS Sl3 or about 81 30 per
capita, and of this increase only 81 100 600 was
due TO o. recent silver legislation. That this
substantial and needed aid given to commerce
resulted IN an enormous reduction of the public
debt and Of the annual interest chlrgc is mat,
ter OF Increased satisfaction. There have been
purchased and redeemed since March l. 1889
four and four-andahalf per cent bonds TO the
amount OF sell Si2 40 alta cost ofsa6 62O, al, re-
suitinr in the reduction of the annual interest
charge OF ssg7, COS and u total saving of inter
est Of sj1 $40. ,06
Inotice with great pleasure the statement
Of the Secretary that the receipts from internal
revenue have incrc ,sed during The last fiscal
year nearly sl?,o10O 900 and that the coat OF col.
le' ne this larger revenue was less oy f'V'"''
'nan ior .ro s"'"o p"' HVSo 49,, =, ., .auae, Nc, ,he
You. ino po,'on,.'er - " ,ho ,as, rscai .oor
eus'o'us ro'Vhuo was '''' '0' Wv ''''
'hau a. cvtr pelorV, ,,.,...,,,, ,oo., n,ov,dod
i"c NuS'on'e ~ !" ,,oa ,,,a. al with
ior py 'ne "o' W ouno w. go Wv, y, ,,,,, ,hosn
srcp. cure anu 70 " pSt,,s,ra,ion a,
previous experience "a '"u uu ,,,,5o ,bon,
tne oiu customs rcs""''v"' ,.,,,d "" ,nd .,
'an,i'iar WIN 'ne e'I'S W 10 ;,1,.i,I ,cou,rc.
P"'' VI "o' ,le ""o'u ned Ia m ,hem for