The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1890-12-11

Leading Suggestions in Presi.
dent Harrison's State
Paper.
Passage Of the Congressional Elec-
tions Bin Urged.
We Are at Peace with the world-Th'
Revenues of the Government-Tho
Value of Our Exports.

Value OF Our Exports'
The President states that the government de-
partments have been carried on with faithful
ness energy and success dur ng tho year-that
revenues amounting to $4,000 900 have be n
handled without q defalcation or emoezzle-
ment t
The friendly relations OF our country with the
nations of Europe and OF the East have peen
uudsturbed and Strengthened
1t being evident that Minister Mr.. Miner hao
exceeded the bounds OF his authority he was
recalled.
The difference between the two governments
touching the fur-senl question in the Behring
Sea is not yet adjusted. The offer to submit
the question to arbitration, as proposed by Her
Majesiy's Government las not been accepted
for the reason that the form OF submfss on pro-
posed is not thought to be calculated to assure
o conclusion satisfnc ory to either party.
The friendship between our country and
Mexico, born Of close neighborhood ana
streng hened by many considerations OF fnti-
mite intercourse and reciprocal interest has
never been more CONSPICUOUS than now nor
more hopeful Of increased benefit to both
nations. The int ercourse of the two countries
by rail, already great Is making constant
growth 1t is recommended that our mission
in the City Of Mexico be raised to first-class.
The conference of Brussels, to devise means
for suppressing the slave trade in Africa af-
the interest the American people feel in that
work. BY an act the independent State of the
Congo was freed from the restr cton, up"n
customs revenue. The demoralizng and de-
structive traffic in ardent spirits among the
tribes also claimed the earnest attention OF the
conference nnd the delegates of the United
States were foremost in advocating measures
for its repression. An accord was rea he'd.
Congress will be asked to provide the means
OF accepting the invitation of the italian Gov
ernment to AXE part in an approaching confer
ence to consider the adoption OF q universal
prime meridian from which TO reckon longitude
and time
The question involved in The revision of our
| treaty with he empire of Japan are both grave
and delicate, and II will be the Presidents duty
to see that the interests of the United States
are not by any changes exposed to undue dis
elimination.
The revenues of the government from ali
sources for the fiscal year ending June 30, 1890,
were s463 963 $50 .55, and the total expenditures
for the same period were sSiS.6ls5si5.. The
| ostal receipts not included are SO Ss2 O97 %.
| The surplus for the ,ar, including the amount
applied to the sinking fund. was l05.3i4, 49i03.
The receipts for 1890 were SIG 030 923 70 and the
expenditures SIS. 739,S7l in excess of those Of
1882 The customs receipts increased Sa $685.
S4,.S3 and the receipts from internal revenue
Sites 1871 SO while on the side OF expenditures.
that for pensions was $40 81! 075 90 in excess of
the preceding year.
"i he Treasury statement for the current fs-
cal year, partly actual and partly est mated, is
as follows: Receipts from all sources 1903, 000.-
ono; total expenditures. 1854 OO,. leaving
surplus OF s52 10000 mot taking the postal re-
ceipts into the account on either side. The loss
ofrevenue from customs for the last quarter Is
estimated at S.5,OoO,oOO. but from this
is deducted gain OF about $l6.o0O,-
co., realized during the first four
mr. nf
the total estima' ed expenditures s373 00O 900
and the estimated expenditures S357, ,852, 200 A.
leaving an es mated surplus OF $5. I41, 100 IS,
witch, with cash balance of S52, 900, 0o0 at the
be thinning Of the year will give $751; 147 790 IS as
the sum available for the redemption of out.
| standing bonds or other uses The estimates
of receipts and expend lures for the post-ofice
| denartment being equal, are not included in
| this statement on either side
The act directing the purchase of silver
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 possible dates the full monthly
amounts OF treasury notes contemplated by its
| provisions, and at the same time togve to
the market for silver bullion such support as
the law contemplates. The recent depreca-
tion in the price Of silver has been observed
with regret
| Z
land are not unlikely to suggest re-examina-
| tion OF opinions upon an international confer
ence looking TO an agreement touching the full
use of silver for coinage at a uniform ratio. Our
very large supply of gold will, If not lost by i'm.
pusive legislation in the supposed interest OF
silver, give us position Of advantage in pro-
noting q permanent and safe. international
agreement for the free use OF silver as q coin
metal"
'The increase Of money in circulation during
| the 10 months had been In the aggregate $685.
B66slS or about 81 81 per capita, and of this in
crease only 81, 100000 was due to the recent sil.
yer legislation. That this substantial and
| needed aid given to commerce resulted In an
enormous reduction OF the public debt and OF
the annua! interest char is matter of In
creased satisfaction. There have been
purchased and redeemed since March 4, 1883,
and AZ per cent bonds to the amount o21 |, ,8S2,-
$50, at cost Of $40 $780, resulting In the re-
duction Of the annual interest charge of Ss 9s7.-
60S and total saving of interest Of e6l, 706.
The encouragement that has been extended
TO the militia Of the States, generally and most
appropriately designated the National Guard
should be continued and enlarged.
"A vigorous and In the main an effective ef-
fort has been made TO bring to trial and punish
n ent all violators of the laws. but at the same
time care has been taken that frivolous and
technical onenses should not be used to swell
the fees of Officers or harrass we'll disposed cit
izena Especial attention 10 called to the facts
connected with the prosecution OF violations of
the election laws and OF ofienses against United
States officers. The number of convictions se-
cured very many OF them upon pleas Of guilty,
will, 1t is hoped, have salutary restraining In.
duence tf.Hf .Rill4tf
Avery substantial improvement in the mar.
ket prices Of the leading farm products during
the year Is noticed. Tho price OF wheat ID
vanced from 8lo In October, 1889 To o. 00A In
October, In 1890; corn from Sic to b0kc; oats
from skc to 4sc, and barley from $50 70 nc.
Meats showed substantial but mol so large
an increase. The export trade in live animals
snl fowls shows Q very large increase: the
total value Of such exports for the yoar ending
juno 90, 1880, was ga 100000, and the
increase over the preceding year was
over els.00o,00Q Nearly 100000 more cattle
and over 4s0O more hogs were exported than
in the preceding year. The export trade in beef
and pork products and In dairy products was
very largely increased the increase In the srti-
ole OF butter alone being from lb,5oi, o7S pounds
to 74s os2 pounds, and the total increase in the
value Of meat and dairy products exported be.
Ing $a40 00o This trade. 90 directly helpful
to the farmer II is bel eyed will be vet further