Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1892-12-10

relations OF Canada. That question Is wholly
with her own people 1t is time for us, however,
TO consider whether, II the present state Of
things and trend OF things Is to continue, our In
| terchanges uson lines OF land transportation
should not be put upon q different basis, and
our entire independence of Canadian canals and
| OF the st Lawrence as an outlet to the sea Sc.
cured by the construction OF an Am erican canal
around the falls of Niagara and the opening OF
| ship communication between the great lakes
| and one OF our own seaports.
Congress at the last session was kept advised
! OF the progress of the serious and for a time
| threatening differences between the United
States and Chile, 1t gives me now great graft
| flcation to report that tho Chilean government,
in most friendly and honorable spirit, has ton
| dered and paid rs ON Indemnity to the families
OF the sailors of the Baltimore who were killed
and to those who were injured in the outbreak
In the city OF Valparaiso the sum OF $4,000. This
has been accepted not only as an indemnity for
| o wrong done, but as n most gratifying evidence
that the government of Chile rightly appreciates
| the disposition of this government to act in u
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 all. We do not covet their terri
| tories. We have no disposition to be oppressive
or exacting in our dealings with any OF them,
| even the weakest. Our interests and our hopes
for them oil lie in the direction of stable govern
| ments by their people and of the largest devel-
opment of their great commercial resources.
The recent disturbances OF the public peace
| by lawless foreign mnrauders on the Mexican
| frontier have affored this government an oppor-
tunity to testify its good will for Mexico and its
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 to overstate the value
| from every standpoint of this great enterprise,
| and hope that there may be time, even in this
congress, to give to it impetus that will insure
the early completion of the canal and secure to
| the United States its proper relation to 1t
| when completed
THE MONETARY CONFERENCE.
The congress has been already advised that
| the invitations OF this government for the as
sembling 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 I'D 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 ano
| equally those of other nations. 1t is too early
| to predict what results may be accomplished BY
| the conference
TREASURY DEPARTMENT.
| The report of the secretary OF the treasury
| will eSneCial interest. in view OF tlt
| many misleading statements that have beer
made as to the state of the public revenues Three
| preliminary facts should not only be stated, bu
| emphasized before looking into detais First
| that the public debt has been reduced sine
March 4, 1889, S259, ,014 eco and the annual inter
est charge Sll 1884, ,469; second, that there hav
| been paia out for pensions during this admins
| tration up to November /, 1892, e432, 5si
17S70, an increase of S114 ,466, 5000 over tn
sum expended during the period from Marcl
| 1, 1885, to March 1, 1859: and third, that unde
| the existing tarif up to December about s93
100000 of revenue which would have been CO
lected upon imported sugars II the duty ha
been maintained has gone into the pockets c
the people and not into the public treasury a
before II there are any who still think tina
the surplus should have been kept out of circl
lation by boarding 1t in the treasury, or deposi
ed in favored banks without interest while th
government continued to pay to these yer
banks interest upon the bonds deposited as 81
curity for the deposits, or who think that tn
extended pension legisla ton was public rol
berry, or that the duties upon sugar should hav
| been maintained, am content TO leave the o
| gument where 1t now rests, while We wait
see whether these criticisms will take the forl
of legislation
There was paid during the year upon til
! public debt $40, $40 467.96 The surplus in th
treasury and the bank REDEEM ption fnnd, passe
by the act OF July IA, 1890, to the general fun'
furnished in large part the cash available an
used for the payments made upon the publ
, debt Compared with the year 1891, our r
ceipts from customs duties fell of s42, 24l
while our receipts from internal revenue i
creased SS 264, ,S23 13, leaving the net loss OF r
, venue from these principal sources s8,7s
4l7.95. The net loss of revenue from all sourc'
was So, ,675, ,972 81
SILVER PURCHASES.
During the last fiscal year the secretary pu
chased under the act OF July IA, 1890. "a 355 Z
: ounces OF silver and issued in payment theref
&5l, ,1O5, ,6os in notes. The total purchases sim
I the passage OF the act have been l2o,479S
l ounces and the aggregate OF notes issued sll
: Ts3, 500 The average price aid for silver du
ing the year was "a cents per ounce, the highe
: price being 81. .OoA, July !, 1891, and the lowe
30 49, March 81, sa2. In view OF the fact tn
n the monetary conference is now sitting and tn
( | no conclusion has yet been reached, withho
s anv recommendation as to legislation upon tn
I subject
| THE WAR PORTFOIIlO.
i The report OF the secretary Of war brin
:. | again to the attention OF congress some impol
q ant suggestions as to the reorg anization Of /
v infantry q nd artillery arms Of the service whi
s his predecessors have before urgently pl
: sented Our army Is small, but Its organizati
q should all the more be put upon the most Q
proved modern basis. The conditions up
what we have called the frontier have here
g fore required the maintenance OF many sm
d posts, but now the policy of concentration is {
q yiously the right one The new posts shor
!, have the proper strategic relations to the or
1t frontiers we now have, those OF the sea cos
!. and OF our northern and part of our southe
IN boundary / do not think that any question
q advantage to localities or to states should
"a | terminc the location OF the new posts,
II The work of building heavy guns and the CO
,f struction of coast defense has been we'll beg
IS | and should be carried on without check.
re- THE POSTAL SERVICE
,e The report of the postmaster general show
IN most gratifying increase and q most eflicit
and pr OPPRESSIVE management OF the great br
ness of that department The remarkable