Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1890-12-06

| n conventional regulation OF the passage of
Chinese lnborcrs across our Southern and
| Northern frontiers.
on tho I'D day OF August last Sir Edward
| Monson, the arbitrator selected under the
| treaty OF December &, 1884, rendered IN award
TO the effect that no compensation was due
i from tho Danish government to the United
States on account OF what Is commonly known
| rs the Carlos Buuerleld claim.
| Our relations with tho French Republic con
| tinue TO be cordial. Our representative at that
court has very diligently urged tho removal OF
| the restrictions imposed upon our meat products
| aud II Is believed that substantial progress has
| been made towards u just settlement.
| In the summer OF 1897 an incident occurred
| which Tor some time threatened to interrupt the
cordiality OF our relations with the government
| OF Portugal That government seized the
Dolagoa Bay railway, which was constructed
| under concession granted to an American
| citizon and at the same time annulled the
| charter. The conc 'ssionary, who had embarked
| his fortune In the enterprise having exhausted
| other means OF roress, was compelled to In
woke the protection OF his government Our
| representations made coincidentaily with those
| OF the British government whose subjects were
also largely inter sted happily resulted In the
| recognition by Portugal OF the propriety OF sub
mitttny the claim for indemnity, growing out OF
! It's action, TO nrbi ration. This plan OF settle
ment having been agreed upon, the interested
| powers readily concurred In the proposal to sub.
init the case to the Judgment OF three eminent
lursts, 10 be designated by the Pre- sident OF the
| Swiss Republic who, upon the joint invitation
| OF The governments OF the United states, Great
| Britain I'D Portugal has selected persons well
qualified for the task before them.
The friendship between our country and Mex.
| leo, born OF close neighborhood and strength
| cned by many considerations OF intimate inter-
course and reciprocal interest, has never been
more conspicuous than now, nor more hopeful
| OF incronsed benefit to both nations The In
tcrcourse OF the two countries by rail. already
| great, Is making constant growth The estab
| lished lines, and those recently projected add
| to the intimacy OF tra1ic and open NV chan.
ncls OF access to fresh areas OF demand and
| supply. The importance OF the Mexican rail-
way system will he further enhanced, TO de
gree almost impossible to forecast, II It should
become link in the proler tied inicr.continental
| railway / recommend that our mission in the
| City OF Mexico be raised TO the first class
The cordial character OF our relations with
spain warrants the hope that by me oontin.
uance OF methods OF friendly negotiation much
may be accomplished In tn direct on OF an ad.
justment OF pending questions and OF the in.
| crease OF our trade. The extent and develop.
ment OF our trade with the island OF Cuba in.
| vest the commercial relations OF the United
| States and Spain with peculiar Importance.
| 1t is not doubted that special arrangement in
| regard to commerce., based upon the reciprocity
| provision OF the recent tarf act wo I'D operate
mo benehcially for both governments. This
| subject Is now receiving attention.
The legislation of the past few years has
| evinred on the part OF Congress growing reali.
cation OF the Importance of the consular servica
| In fostering our commercial relations abroad
and in protecting the domestic revenues. AS
| the scope of operation expands, increased pro-
| vision must be made TO keep mp the essential
| standard OF efficiency. The necessity OF some
| adequate measure of supervision and inspec.
tion has been so often presented that need
only commend the subject to your attention.
| The revenues OF the Government from all
sources for the fiscal year ling June go 1890
were stS3 961 S. and the total expenditures
| for the same prrioi wero s3aS6lS5Si 52. The
| pos al receipts have not heretofore been in
ouded in the statement of these aggregates
| and for the purpose OF comparison The sum OF
| 500. .Ss2, ,097.92 should he deducted from both
SIDES OF the account The surplus for the year
including the amount applied to the sinking
fund. was sI05 3ii BO& TIE receipts for 1890
were $1,000 g2379 and the expenditures slh
73a. .s7i in excess OF those in 1889. The customs
receipts increased S. Sj S42. SS and he rec >ipts
! from internal revenue Sii,125 1911 So while on
the side OF expenditures that 'or pen ions was
| Slq 3l2, ,U75 96 In excess Of the preceding year.
The treasury statement for the current fiscal
| year. partly actual and partly eStimnted is as
follows: Receipts from all sources Si06, coo o o;
total expenditures SS4 OO0,olO; leaving sur
! plus OF So, ,03LO00-not taking the postal re-
ceipts into the &C ount on either side. Tho loss
| of revenue from customs for the last quarter is
estimated at $4,000 O. but from this is de-
Quoted gain OF about Si6O0o,OOJ, realized dur
| ing the first four months OF the year.
For the year 1892 the total eStim tied receipts
! are 1878, 900 900 and the estimated expenditures
| s357 S52, 209 ~, leaving an estimated surplus OF
Sl5,l47, ,7el.5S, which with cash balance of S52-
0ODOO at the beginning OF the year, WIN We
So, ,ii7, ,790.5S as the sum available for the re.
| demption OF outstanding bonds other uses.
The estimates of receipts ana expenditures for
| the Post.otice Department being equal, are
not included In this stltenent on either side.
The act directing the purchase OF silver
| bullion and the issue OF treasury notes there
| on" approved July "A, 1870. has been admins
| tered by the cretary OF the Treasury with an
| earnest purpose TO get into circulation at the
earliest possible dates the full monthly amounts
provisions and at the same time TO give to
| tho market for silver bullion such sup
| port rs the law contcmplates The recent de.
| probation in the price OF silver has been OBJ
| served with regret The rapid rise in price
which anticipated and followed the passage OF
| the act was influenced in some degree by spec.
/ md tl,a ffTNni 10 in
| suit OF the same cause and in part OF the re-
| cent monetary disturbances.
| Some months OF further trial will be neces.
Sary 10 determine the permanent effect OF the
! recent legislation upon silver values, but il is
| gratifying to know that the increased Circua-
tion secured by the act has exerted and win
continue TO exert a most beneficial influence
upon business and upon general values.
While it has not bean thought best 10 renew
formally the suggestion of an in ernatonal
conference looking to an agreement touch ng
the full use of silver for coinage at q uniform
rate, care has been taken 10 observe closely any
change In the situation abro q and no favorable
opportunity " Ill he lost to promote u result
which It is confidently believed would confer
very large benefits upon the commerce OF the
world.
Tho recent monetary disturbances in En-
gland are not unlikely to suggest a reeXnmina
tlon OF opinions on this subject Our very large
supply OF gold WILL II not lost by impusive iegis.
q position OF advantage in promoting perma.
nent and safe International agreement for the
free use OF silver as coin metal
The efforts OF tho Secretary to increase tho
volume OF money In circulation by keeping
do the treasury surplus 10 the lowest prac
ticable limit have been upremttpg and in a
very high degree successful. The tables pre-.
scented by him, showing tho increase of money
in circulation during the last two decades, and
especially the table showing the increase dur.
! ing the nineteen months ho has administered
! the affairs OF the department are interesting
and instructive The increase OF money In cir.
| culaton during the nineteen months has
| been In the aggregate s9s SIC, Si3. or about
si.bo per capita and o, this increase only
| 81. 10000 was due to the recent silver leg
| islation That this substantial and needed aid
! given TO commerce resulted In an enormous re.
| duction OF the public debt and OF the annual in.
terest charge Is matter OF increased satisfac.
tion There have been p rchased and redeemed
since March |, 1852 and AZ per cent. bonds to
the amount OF sell ,S53 40 at cost OF S2i6, ,620,
7Il. resulting in thu reduction OF the annual in.
teresi charge OF 1897 G09. and total saving OF
interest OF s5i 578.7 708.
| notice with great pleasure the statement OF
| the Secretary that the receipts from internal
| revenue have increased during the last fiscal
year nearly Sl2 200 600 and that the cost OF col.
| lect ng this larger revenue was less by S9O.1i7
than for the same purpose In the preceding
| year The percentage OF cost OF collecting the
customs revenue was less for the last fiscal