The National tribune., 1892-12-15

people ~lrrn h g. atained are rot pleasant to
. template. The ~s-gi~sy II tise Unemployed. now
hoidias ~ fcqseui snd threatening parHdes IN The
streets OF foreigH cities, should not be allowed TO
acquire an American domicile.
OUR FOREIGN RELATIONS.
The reports of the heads of the several Ex-
! ecutive Departments are submitted with the
message. The attention of Congress and OF the
people is invited TO the methods of the Admin
istrstion and the results The public business
| has been transacted not only with fidelity but
progressively, and with q view to giving the
people in the fullest degree the benefits of a
/ service established and maintained for their
protection aud comfort
Our foreign relations are at present entirely
peaceful. All the recent affairs which dis
! turbed us have been al iusted. The Boring Sea
arbitration is referred to, and it is recon-
mended that power be given to the President,
by proclamation, TO prohibit the taking of seals
! in the North Pacific by American vessels, in
| case, either as the result of the findings of the
! tribunal of arbitration or otherwise, the re-
straints can be applied to vessels of all coun-
| tries.
| If the political relations of Canada and the
| disposition of the Canadian Government are to
! remain unchanged, a radical revision Of our
trade relations is necessary. In many of the
controversies our negotiations with Great
Canada, and so far as border trade is concerned
we have been taken advantage of i'll the matter
of transportation.
The President Endorses the Nicaragua Canal
project, as il is impossible to overestimate the
value, from every standpoint. of this great
enterprise,
Regarding the international Monetary Con-
ference, if any temporary check lntervenes
very soon commercial conditions will compel
the now reluctant Governments TO unite with
ours in this movement to secure the enlarge
ment of the volume of coined money needed
for the transaction of the business of the world.
CONDITION OF THE TREASURY.
The report of the Secretary of the Treasury will
attract especial interest in view of the many mis-
leading 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 been reduced since March f. 1889. $3.50.
GA 200 and the annual interest Charge Sll 6Si 1863;
second that there have been paid for pensions
during this Administration up TO Nov. l. 1892.
Si3 564 IFS 20 an excess of STA 400 $50 09 the
expended during the period from March l,
1855, 10 March 1889; aud, third. that under the
listing tariff TAP Dec. about S93 600 COO of
nue., which would have been collected upon I'M
ported sugars if The duty had been maintained. has
gone into the pockets of the people and not into
the public treasury, as before. If there are any
who still think that the surplus should have been
kept Of circulation by boarding it in the Treas
sury, deposited ia favored banks without inter
est, while the Government continued TO pay these
very banks interest upon the bonds deposited
security for the deposits. who think that the
tended pension Legislation was public robbery,
or that the duties upon sugar should have been
maintained, am content TO leave the argument
where rests while wait
whether these criticisms will take The form of leg
isaiion.
The revenues for The fiscal year ending June 80,
1892 from all sources were Si25 s6S 2602l and the
expenditures for all purposes were Sl5953 SOC 56,
leaving a balance of So Oh 1896 There
paid during the year upon the public debt Si0570,-
4e1,9s. The surplus ia the Treasury and the bank
redemption fund, passed by the act of July IA.
1890, to the general fund. furnished in large part
the cash available and used for the payments made
upon the public deb.. Compared with the year
1891 our receipts from customs duties fell off Ss2
069 24i0S, While our receipts from Internal revenue
increased IS 2SI e23l3 leaving the net loss of
from these principal sources S33, 7S4 Az. %.
The net loss OF revenue from all sources was S32-
675, 972.sl.
The revenues. estimated and actual, for the fiscal
year ending June 80. 1893, placed 10y the Secre
lary sat S463. $50 1904, and the expenditures at
S46l 1856, S50.4i, showing surplus of receipts
expenditures of So 0OOOG0 The cash balance in the
Treasury at the end of the fiscal year II is estimated
will he 500 992 577.03.
So far as these figures based upon estimates
OF receipts and expenditures for the remaining
months of the current fiscal year. there not only
the usual elements of uncertainty, but some added
clements. New revenue legislation, even the
expectation of H. may seriously reduce the public
revenues during the period Of uncertainty and dur
ing the process of business Adjustment to The new
conditions when they become known. But the
10 the effect OF possible changes in revenue
laws since the scope of those changes aud the time
of their taking effect cannot in degree be fore
cast foretold by him. His estimates must be
based upon existing laws and upon a continuance
of existing business conditions, except far as
these conditions may be affected by causes other
than new Legislation.
The estimated receipts for The fiscal year ending
June 60 1894 $50 lei 355 So and the estimated
appropriations Si57 ,.Gl 335 3d. leaving estimated
surplus Of receipts expenditures OF $50. sG0-
o3005 This-does not include any payment TO the
sinking fund In the recommendation OF the Sec
rotary that lie snklng-fund law be repealed con-
cur. The redemption Of bonds since the passage
Of The law 10 June 80 1892, has already exceeded
the requirements by The OF $685. 6S1.49. The
retirement of bonds in the future before maturity
should be matter of convenience not of compul-
sion. We should not collect revenue for that pur-
pose, but only use amy casual surplus. To the bal
OF S32 % of receipts over expenditures
for the year 1871 should be added the estimated
surplus at the beginning of The year $50 coz 7O3
aud from this aggregate must be deducted, stated
10y the Secretary, about Sii 1900 OF estimated I'M
expended appropriations.
The public confidence in the purpose and ability
OF the Government to maintain the parity of all
our money Issues, whether coin or paper, must re-
main mistaken. The demand for gold in Europe
aud the consequent calls upon Us in a consider
able degree the result of the efforts of of the
European Governments TO increase their gold
serves, and these efforts should be met by appro-
PIRATE Legislation our part. The conditions that
have created ihis drain OF the Treasury gold
in an important degree political and not CONNER
cial In view of the fact thai general revision of
our revenue laws in the future seems 10 be
probable, IT would be better that any changes
should be part Of that revision rather than OF
temporary nature.
During the last fiscal year the Secretary pur-
chased, under the act OF July H. 1890, 81 $50 74e
ounces OF silver, and issued in payment therefor
S5l LOG, COS ia The total purchases since The
passage OF the act have been 100 419 9Sl and
the aggregate of notes issued SIl67s $50. The
average price paid Tor silver during the year
81 cents per ounce. the highest price being sL02M,
July ], 1881, and the lowest IS cents March q 1892
n % nat lH Mnnefarv nnf enae
is now sitting, and that conclusion has yet been
reached withhold any recommendation to
legislation upon this subject.
REORGANIZATION OF THE ARMY
The report Of the Secretary of War brings again
to the attention OF Congress some important sug
gestions TO the reorganization of the infantry
aud artillery OF the service, which his prede-
cessors have before urgently presented. Our army
Is small but its organization should all the be
put upon the most approved IN odern basis The
ditions upon what we have called the :" frontier"
have heretofore required the maintenance of many
small posts. but now the policy of concentration is
obviously the right one. The new posts should
have the proper strategic relations to the only
frontiers" we now have, those of the seacoast
and Of our northern and part of our southern
boundary. j do not think that any question of
advantage 10 localities to States should deter
mine the location of the new posts. The rcorcan-
ization and enlargement OF the Bureau of Military
Information, which the Secretary has effected Is a
year more apparent The work Of building heavy
guns and the construction OF coast defenses has
been well begun aud should be carried on without
check.
DEPARTMENT OF JUSTICE.
Il