The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-12-06


ito arc not undisturbed by any SRI
ors controversy. The complicated
aifd threatening differences With Ger
many aud England relating to samoan
aI1airs with Eng gland III relation to the
seal fishery In the Behring Sea. and
with lille, growing out OF tie Balti-
moro niIair have been adj isted There
have also been negotiated and con-
ci'Ided under sec. ) Uf Tho tariff law,
agreements relating to
reciprocal trade with q number OF
Under these trudA arrangements, a
Tree or favored admission has b-Nn re-
ceivcd In every case for an important
list ct American products. 1hs full
benefits of these arrangements cannot
lie realized instantly;new lines of ira 10
are TO he opened. The commercial
traveller Must survey the field. The
manufacturer must adapt his goods
to the new markets. aud facilities for
exchange must be est blished. In order
to insure the total suppression OF seal
poachinR in the North Pacific, the
President recommends that power lie
given to the Prcsi GenL to pI ohiblt byt
proclamation, & o linking OF seal IN the
North Pacific 10y Americans as we'll asi
foreign sealers.
Upon the subject of Canadian reei-l
proclty the President is inclined to the
~baAhA AAAFA1 % Sutillb 10 Us no
Likelihood OF an agreement between
The two countries. affairs will proba-
bly, have to remain as they Hre. Com.
ment is made upon tho en- ormouS traf-l
tic drain from tuis count ry by Cana
dian railways, the construction of AM
American canal around the falls of
Niagara 10 spoken OF us means di-l
NertinS TO our transportation iRtprestsI
the tralic that now goes to Cauadianl
concerns. The PRESIDENT repeats wit hI
great earne stneSs the rrGummenda- j
lions made in previous messages that
rompt and adequate support 10 giv-l
uD to the American company engaged
in the construction OF the Nicaraugual
Ship Canal. Reference is made To the
BrusSess monetary conference and the
Tres dent repeats his previously ex-l
pre- sed hettef that the free coinage of
SILVER upon an agreed international
ratio would greatly Promote the in-l
leleSts OF our people aud equally
those OF other nations. The belief is
expressed that commercial necessities
viii require other governments to Join
with the United st ties in the enlarge
ment OF the volume OF currency.
The report OF the secretary OF the
treasury will attract special interest in
view of the many misleading state
meuLs that have been made as to the
state of the public revenues. Three
bAViiihihhAA AhNbS SaioulNl llOI OILY ne
stated but emphasized before look.
ing Into details. FirSt-That the pub
nc debt has been reduced since March
18th, 1889. $2.J3 O1i.S0O, and tie annual
interest charge Sll.Gsi.i69. Second
That there has been paid out for PEN
stons during this administration up to
Nov. |, 1892. Si33. 5tji Us 20, an excess
OF : 1885, 90 over the sum nXpend.
ed during the period from March l..
1850 to March |. 1859. and third
that under the existing tariff up to
December /. about 495, ODO,o OF reve.
uuo which would have been collected
upon imported sugars, If the duty had
been maintained, has gono into the
pockets OF the people and not into
the public treasury ds before: II there
are any who still think that the sur
plus should have been kept out OF cir
culaLlOn by boarding IN tho treasury
or deposited in fuvuFel BANKS without
interest, Willis the government contin-
ued to ply those very banks interest
upon the bonds deposited as security
in their vaults think that tho
IrSs2nt 10 N eg,-L,t Oh was a
public robbery, or that TIN. duties upon
sugar should haro b, en- maiuta neu,
am content to leave Ii, argument
where it now rests while We wait TO
see whether these criticisms must be-
come legislntit II. The revenues for
! INC hS'ul year ttItllIlS June III, lNbS,
from all sources werc ii25, SIS 30 %,
and tho expenditures for all pu pose
were : il5.913. SJU. Sc leaving n balance
of 81 9l4, 49,. So. Tltera were paid dur.
IN Tho year upon Il olpublic debts, $40
40. 4GI.@s.
The suplus IN tho treasury and tn g
bank redemption fluid passed by thu
act of July u, 1922 to tho general
fund furnished in large part the cast,
. a NaIiuhln "a MI mead ft,r In. -
made upon the public debt. Compared
with the yenr 1872. our receipts from
custom duties Toll Off - ,0G9, ~ OS,
vi 10 our receipts from internal raye.'
Hue Increased IS, ISL, t23.I3, leaving the
net loss Of the revenues estimated and
actual Tor the fiscal year ending june
50. 1883, and PLACED by tine secretary at
I Si63. $50. 35u. A. md tho expenditure sl
Mt Sl6l, $50 $50. IA. aul showing sur
plus OF receipts over expenditures of
- 100000. The cash bnuncn in the
ueUsury at the onI of the fl "a Year
II estimates viii ba - 9J!,@17 %.
20 TAR as those figures arc based
upon estimates Of Receipts and rNpua. ]
dituics for the remaining months of
the current fiscal year there arp nat
only the usual elements of uncertain
4 ty. but some added elements, new row
enuc legislation or even tine cxpectn-
ton of it may seriously reduce tho
public revenues during ito period OF
uncertainty and during the PROCESS OF
bubl n-s adjustment to the nrw con
dltlonS when they herums known
But the Secretary ms very wisely re-
Trained from guessing as to the effect
OF TIL positive change in our revenue
laws since the scoop In the changes
and the time of thoir taking effect
can't IN eup degrse bo forecast III fore.
told by him
li,- e-t -mntcs must be based upon