The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-12-02

nent having been agreed on, the interested |
powers readily concurred in the propose
to submit the case to the Judgment of three |
eminent jurists to be designated by the
president of the Swiss republic, who upon
the joint invitation of the governments
of the United States. Great Britain and
Portugal has selected persons well qualified
for the task before them.
RELATIONS WITH JAPAN.
The revision of our treaty relations with
the empire of Japan has continued to be a
subject of consideration and correspond
ence. The questions involved are both
grave and delicate, and while it will be my
duty to see that the United States are not
by any changes exposed to undue discrimi
nation, sincerely hope that such revision
as will satisfy the legitimate expectations
of the Japanese government and maintain
the present and long existing friendly re-
lations between Japan and the United
States, will be effected.
MEXICO AND THE UNITED STATES.
The friendship between our country and
Mexico, born of close neighboring and
strength ened by many considerations of
intimate intercourse and reciprocal interest,
has never been more conspicuous than now,
nor more hopeful of increased benefit to
both nations. The intercourse of the two
countries by rail, already great, is making
constant growth. The established lines
and those recently projected add to the in
timacy of traffic and open new channels of
access to fresh areas of demand and supply.
The Importance of the Mexican railway
system will be further enhanced to degree
mostimpossible to forecasti if it should be-
come Ink in the projected Inter con-
tinental railway. | recommend that our
mission to the City of Mexico be raised to
the first class.
RELATIONS WITH SPAIN.
The cordial character of our relations
with Spain warrants the hope that by the
continuance of methods of friendly negoti-
alton much may be accomplished in the
direction of an adjustment of pending ques-
| lions of increase of our trade. The extent
and development of our trade with the
island of Cuba invest the commercial rela-
tions of the United States and Spain with a
peculiar Importance. 1t is not doubted that
special arrangement in regard to com
merce, based upon the reciprosity provis-
ion of the recent tariff act, would operate
most benefciany for both governments.
THE INVENTOR ERICSSON.
The restoration of the remains of John
Ericsson to Sweden offered gratifyingioc-
casion to honor the memory Of the great in
ventor, to whose genius our country owes
so much, and to bear witness to the un-
broken friendship which has existed be
tween the land which bore him and oul
own, which claimed him as a citizen:
VENEZUELA CLAIMS COMMISSION.
On the End of September last the com.
mission appointed to reverse the proceed
ings of the commission under the claim:
convention between the United States
and Venezuela of 1856 brought its labors tc
close within the period fixed for that pur
pose. The proceedings of the late commits
sion were characterized by spirit Of i'm
partiality and high sense of justice, ant
an incident which was for many years tn,
subject of discussion between the two gov.
ernments has been disposed of in a manner
! alike honorable and satisfactory to boil
parties. For the settlement of the CLAIM
of the Venezuelan Steam Transportation
company, which was the subject Of join
resolution adopted at the last session o
Congress, negotiations are still in progress
and their early conclusion is anticipated.
THE CONSULAR SERVICE.
The legislation of the past few years ha
evinced on the part of Congress growiny
realization of the Importance of the consu
lar service in fostering our commercial re
lations abroad and in protecting the do
nestle revenues. AS the scope of opera
tions expand, increased provision must b
made to keep up the essential standard G
j, efficiency. The necessity of some ade
) uuate measure of supervision and inspec
ton has been so often presented that
need only commend the subject to your a
tentlon.
REVENUES OF THE GOVERNMENT.
The revenues of the government from al
sources for the fiscal year ending June 81
1890, were S463, 1868, 0S0. So, and the total e.
penditures for the same period wer
: $35S, SIS, 5S452. The postal receipts hay
2 not heretofore been included in the stat
3 ment of these aggregates and for the pu
4 pose of comparison the sum of S60,ss2 097. !!
should be deducted from both sides of tn
d account The surplus for the year, il
n Guiding the amount applied to the sinkin
t fund, was sos. 344, 496.03. The receipts fc
: 1890 were $1,000, 923.19, and the expend
= lures SIS, 739, S71.00 in excess of those
Y 1889. The customs receipts increase
r =, S35, S42.SS and the receipts from intern
e revenue 81, 725, 49, SO while on the side
d expenditures that for pensions wa
|, 1882, 07596 in excess of the precedir
n year. The treasury statement for the GU
e rent fiscal year, partly actual and part
estimated, is as follows: r
ceipts from all sources, S406 ZOO, 90
total expenditures, S354 900, 000 leayi1
70 q surplus of $50 600, 000 not taking the pc
% tai receipts into the account of either sid
IS The loss of revenue from the customs f
n the last quarter is S25, 600 900, but from tn
|" is deducted a gain of about $l6,000,0
e realized during the first four months of tt
e year. For the year 1892 the local estimat,
: receipts are 1878, 100000, and the estimate
1t expenditures 1897, S52, 209.42, leaving an e
u timated surplus of SIS, 147, 7905S, whic
with cash balance Of S52,000,000 at t
beginning Of the year, will give SGT, IA
790.5S as the sum available for the REDEEM
% ton of outstanding bonds or other use
The estimates of receipts and eXpenditur
10 for the postoffice department being equ
> are not included in this statement on eth
~ side
THE SILVER ACT.
in The act directing the purchase of silv
he bullion and the issue of treasury not
f. thereon, approved July IA, 1890, has be
in administered by the secretary OF the trei
to ury with an earnest purpose to {
into circulation at the earliest pos
BILE dates the full monthly amou
of treasury notes contemplated by
le provisions and at the same time to give
ed the market for silver bullion such suppt
r. as the law contemplates. The recent &
probation in the price of silver has be
rs observed with regret The rapid rise
an price which anticipated and followed t
ng passage of the act was influenced in sol
an degree by speculation and the reaction
on part of the result of the same cause a
u part of the recent monetary disturbanc
to Some months of further trial will be nee
of sary to determine the permanent effect
lis the recent legislation upon silver valu
n but it is gratifying to know that the
20 creased circulation secured by the act
tn exerted, and will continue to exert, a mi
IS beneficial influence upon business and up
or general values. While it has been thoue
he best to renew formally the suggestion
n an international conference looking to
ng agreement touching the full use of sill,
e. for coinage at a uniform ratio, care
N been taken to observe closely any char
at in the situation abroad and no favora