The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1892-12-07

the largest deN elopment of their great COM
mercial resources
Our Relation with Hawaii
have been such as to attract an increased in
terest and must continue to do so. deem it of
great Importance that the projected sub
marine cable, survey for which has been
made, should be promoted Both for naval
and commercial uses we should have quick
communication with Honolulu. We should
before this have availed ourselves of the con-
cession, made many years ago to this govern
ment, for a harUor and naval station at Pearl
river. Many evidences of the friendship of the
Hawaiian government have been given in the
past and it is gratifying to believe that the
advantage and necessity of q continuance of
very close relations is appreciated.
General Foreign Relations.
The friendly act of this government in ex-
pressing to the government of Italy its re-
probation and adherence of the lynching of
Italian subjects in New Orleans by the pay
ment of 125,OO0 francs, or S24,33090, was nc
cepted by the King of Italy with every mani
festion of gracious appreciation, and the in
cident has been highly promotive of mutual
good will.
The recent disturbances of the public peace
by lawless foreign marauders on the Mexican
frontier, have afforded the government an op-
portunity to testify its good will for Mexico,
and its earnest purpose to fulfill the oblga-
tons of international friendship, by pursuing
Ot
relocating the boundary of the treaty of
Guadalupe Hdalgo westward from lei Paso.
is progressing favorably.
Our intercourse with Spain continues on
friendly footing. | regret, however, not to be
able to report as yet the adjustment of the
claims of the American commissioners arising
from the disorders at Ponape, in the Caroline
Islands, but anticipate satisfactory adjust
ment in view of renewed and urgent repre-
sentatives to the government at Madrid. The
treatment of the religious and educational
establishments of American citizens in Turkey
has, of late, called for a more than usual share
OF attention. A tendency to curtail the toler-
alton which has so beneficially prevailed is
discernible, and has called forth the earnest
remonstrances of this government.
International Copyright.
international copyright has been extended
to Italy by proclamation, in conformity with
the act of March q 1891, upon assurance being
given that Italian law pertains to citizens of
the United States the benefit of copyright on
substantially the same basis as to subjects of
Italy. BY special convention, proclaimed
Jan. 10, 1892, reciprocal provisions of copyright
have been applied between the United States
and Germany. Negotiations are in progress
with other countries to the same end.
The Nicaragua Canal.
Irepeat with great earnestness the recon-
mendation which l have made in several
support be given to the American company en-
gagged in the construction of the Nicaragua
ship canal. 1t is impossible to overstate the
value from every standpoint of this great en-
terprise, and hope that there may be some
time in this congress to give to it an mpetous
that will insure the early completion of the
canal and secure to the United States its
proper relation to it when completed.
The Monetary Conference.
Congress has been already advised that the
invitati ons of this government for the assem-
bling of an international monetary conference
to consider the enlarged use of silver, were ac-
cepted by the nations to which they were adj
dressed. The conference assembled at Brus-
sells Nov. p, and has entered upon the consid-
GRAFTON of this great question. l 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 in
ternational ratio would greatly promote the
interests of our people, as equally those of
other nations.
Condition of the Treasury.
The report of the secretary of the treasury
will attract especial interest, in view of the
many misleading statements that have been
made 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 4, 1889, $3.50 OLA, 200, and
the annual interest charge 81 ,6s4, 4G9 Second
That there have been paid out for pensions
during this administration up to Nov. /, 1892
1882 564 1870 an increase of Sill 466, $500 over
the sum expended during the period from
March /, 1885, to March /, 1889: and third that
under the existing tariff up to December |
about S693,0OO0OO revenue which would have
been collected upon imported 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 out of circula-
ton by boarding it in the treasury, or de-
posted in favored banks without interest
while the government continued to pay to
these very banks interest upon the bonds de-
posted as security for the deposits, or who
think that the extended pension legislation
was public robbery, or that the duties upon
sugar should have been maintained, am con-
tent to leave the argument where it now rests,