The enterprise. [volume] (Wellington, Ohio) 188?-1899, 1892-12-07

There is no disposition on the part OF the peo.
pie or government OF the United States to In
terfere In the smallest degree with the political
relations OF Canada That question is wholly
with her own people 1t is time for u.s. however
to consider whether, II the present state OF
things and trend OF things is to coptlnue, our In
terehanges unon lines OF land transportation
should not bo put upon u different basis, and
our entire indeIr ndenco Of Canadian canals and
OF tho st Lawrosce as an outlet to the sea Sc
cured by :he construction OF an Am crican canal
around tne falls of Niagara and the opening Of
ship communication between tho great lakes
and one OF our own seGports
Congress at the last session was kept advised
OF the progress OF the serious and for q time
threatening differences between the United
States and Chile. 1t gives me now great graft
hcation TO report that the Chilean government
in o most friendly and honorable spirit has ten
dered and paid as an indemnity TO the families
OF the sailors Of the Baltimore who we're killed
and to those who were injured 10 the outbreak
In the city OF Valparaiso the sum OF 10000 This
has been accepted, not only as an indemnity for
q wrong DONE but as q most gratifying evidence
that the government OF Chile rightly appreciates
the disposition Of this government TO act In o
spirit OF the most absolute fairness.
have endeavored in every way TO assure our
sister republics OF Central and South America
that the United States government and its peo
pie have only the most friendly disposition
toward them oil. We do not covet their terri
tories. We have no disposition TO be oppressive
or eSactng in our dealings with any OF them
even the weakest. Our interests and our hopes
for them all lie in the direction OF stable govern
ments by their people and Of the largest devel
opment OF their great commercial resources.
hn lat,,- - a. 40
by lawless foreign marauders on the Mexican
frontier have aiiored this government On oppor-
tunity TO testify its good will for Mexico and It's
earnest purpose to fulfill the obligations OF in.
ternational friendship by pursuing and dispers
ing the evil doers. The work OF relocating the
boundary Of the treaty OF Guadaloupe Hidalgo,
westward from Ell Paso, Is progressing favor
ably
THE NICARAGUA CANAL
Irepeat with great earnestness the recon-
mendation which have made in several previ
Gus messages that prompt and adequate sup
port be given TO the American company en-.
gagged In the construction OF the Nicaragua ship
canal 1t is impossible 10 overstate the value
from every standpoint OF This great enterprise,
and hope that there may be time, even in this
congress, 10 give toit an impetus that will insure
the early completion OF the canal and secure to
the United States its proper relation 10 II
when completed.
THE MONETARY ooNFERENoE
The congress has been already advised that
the invitations OF this government for the as.
scmbling OF an international monetary confer.
ence to consider the question Of an enlarged use
OF silver were accepted by the nations TO which
they were addressed The conference assem-.
bled at Brussels on the ed OF November and
has entered upon the consideration OF this great
question. have not doubted, and have taken
occasion to express that belief as well In the
invitations issued for this conference as in my
public messages, that the free coinage OF silver
upon an agreed International ratio would great
ly promote the interests OF our people and
equally those Of other nations II is too early
TO predict what results may be accomplished by
the conference.
TREASURY DEPARTMENT.
The report OF the secretary OF the treasury
will attract especial interest, In view Of the
many misleading statements that have been
made as to the state Of the public revenues Three
preliminary facts should not only be stated, but
emphasized before looking into details: First
that the public debt has heen reduced since
March 4, 1882 $3.50 9O7I 200, and the annual inter
est charge tll, ,634, 400; second, that there have
been paid out for pensions during this admins
tration up TO November I, 1892, S22, 2,5o4.
iIa70, on increase OF s1I4, ,406, S860o over the
sum expended during tho period from March
I, 1855, 10 March !, 1880; and third, that under
the existing tariff up TO December about fo3.
10000 OF revenue, which would have been col
lected upon imported sugars II the duty had
been maintained, has gone into the pockets Of
the people and not into the public treasury as
before. II there are any who still think that
the surplus should have been kept out OF circu
lation by boarding II In the treasury, or deposit
ed In favored banks without interest while the
government continued 10 pay TO these very
banks interest upon the bonds deposited as SO.
curity for the deposits. or who think that the
extended pension legislation was u public rob.
berry, or that the duties upon sugar should have
been maintained, am content 10 leave the ar.
gument where II now rests, while we wait "a
see whether these criticisms will take the form
OF legislation
There was paid during the year upon the
public debt siO,570 loLo6 The surplus In the
treasury and the bank REDEEM ption fnnd, passed
by the aot OF July II, 1890. 10 the general fund,
furnished In large part the cash available and
used for the payments made upon tho public
debt Compared with the year 1891, our re.
ceipts FROM customs duties fell OF 1000 24i Os
while our receipts from Internal revenue IN.
creased ss 26I, ,s21i3 leaving the net loss OF re.
venue from these principal sources $685..
4iL95 The net loss Of revenue from all sources
was S32, 5g72sl.
SILVER PURCHASES.
During the last fiscal year the secretary pur.
chased under the act OF July IA, 1890, 5i3l5, ,7i8
ounces Of silver and issued in payment therefor
e5i, ,l05, COS In notes. The total purchases since
the passage OF the oct have beon l2O47p, SOL
ounces and the aggregate Of notes issued tii5,-
TsS,5vJ The average prico paid for silver dur
ing the year was ~ cents per ounce, the highest
price being N.O2A, July 1, 1891, and the lowest
% 49, March 81, 1902 In view OF tho fact that
the monetary conference is now sitting and that
no conclusion has yet been reached, withhold
any recommendation as 10 Legislation upon this
subject
THE WAR PoRTFoLIo.
The report Of the secretary OF war brings
again TO the attention OF congress some import.
ant suggestions as to the reorg anization OF tho
Infantry and artillery arms OF tho service which
his predecessors have before urgently pro
sented Our army is small, butts organization
should oil the more be put upon the most ap-
proved modern basis. Tho conditions upon
what we have called the frontier" have hereto
ioro required the maintenance OF many small
posts, but now the policy OF concentration Is OBJ
yiously the right one The new posts should
have the proper strategic relations TO the only
frontiers we now have, those OF the sea coast
and OF our northern and part Of our southern
boundary do not think that any question OF
Advantage 10 localities or 70 states should de-
lerminc the location OF the now posts
The work Of building heavy guns and the con.
Jtruction Of coast defense has been well begun
and should be carried on without check
THE POSTAL BEHvIcn
The report OF the postmaster general shows