New-York tribune., 1894-03-16
IN AND OUT OF CONGRESS-.
ENCOURAGING REPORT OF THE KEAR-
SARGE.

IMPROVING CONDITION OF COMSERCE-THE EAST
RIVER BRIDGE BILL sIGNED-UNusUAL DE-
MAND FOR TARIFF SPEECHES.
Washington March 15.-Navy Department officials
are encouraged by the following report on the
condition Of the Kearsarge at last accounts made
by the branch office Of the Photographic Office at
New-York, TO Chief Sgsbee
II have the honor inform you that Captain
Owen, of the steamship Alps. has just reported 10
me that he saw the wreck Of the Kearsarge on the
26th ult. She seemed to be hard aground and not
humping Her mIzzenmast, main lower mast and
funnel were still standing. From the direction or
the trades the sea struck her square on the stern
the weather at the time. though, was fine =, Near
her two schooners were at anchor, probably wreck
ers"
From this report It is fair to assume that the YES
sci is In no immediate danger OF going to pieces
unless a severe storm sets in. which Is hardly TO
be looked for this season Of the year. II Is ex-
pected that the Orion. which carries the wrecking
party will arrive at Roncador before the end or
this month, and proceed at once with the work
Inquiry this morning at the Bureau OF Statistics
not only verlhes the sent out in these dis
pa ches Yesterday as to the favorable turn in the
balance of trade. but makes the showing even more
satisfactory than was stated. The statement OF
yesterday showed balance OF trade IN "a
vor of the United States on merchandise for
the eight months ended February % to be
s2ls 900 OOO as compared with s29,0O000O for the
same period last year. The movements OF specie
are given separately and taking the specie into ac-
count the balance OF trade is still more largely In
favor of the United States. For the eight months
lust mentioned the imports OF gold exceeded the ex-
ports by S53G0010; the exports of silver exceeded
the imports for the period s2j,Oo0co. The diff
ference between these amounts. s2s"0Go. should be
added to the difference merchandise. $2lsG0,NU
the balance of trade in favor or the
United States on merchandise and specie, for eight
months S2i6.O0Go.
This change in the trade situation is due 70 two
causes-the large increase in cotton exports. and
decrease in imported merchandise. In September or
last year the value merchandise imported into the
United States the lowest in amount for manyyears
only siG.coOOo and was Immediately followed by
large exports principally OF cotton and breadstuffs
ranging from s79OcOC0 in September 10 s93OOOOoO In
December.
The expenditures OF the Government for the eight
months and a half Of the present fiscal year have
exceeded the receipts s52CoOCOo, the figures being
Receipts. s2ll.4O0OOO; expenditures. s26340Oco This
ratio II carried out to the end OF TIE fiscal year.
will make the net deficit about Ni,OOOWC.
The President has signed the East River Bridge
bill
The demand FOR tariff literature more gen.
era this year than ever before Heretofore the
demand for tariff speeches has been greater from
than from the popuous centres OF the East
Th. demand this year has greatly Increased from
the manufacturing districts The aggregate OF
earim speeches thus far distributed by members or
Congress has reached several millions. and this
number will probably be doubled after the subject
shall have been thoroughly ventilated on the floor
Of the senate one hundred thousand copies OF
Chairman Wilson's speech have already been sent
out. and the same is true Of the tariff speeches
OF Mr. Burrows Of Michigan. and Mr.. Reed, Of
Maine Representative Bourke Cockrans speech has
also been widely circulated and from present ap-
pearances demand for it is likely to exceed the
hundred thousand mark.
Mr. Boatner dem, La) introduced In the House
to-day Joint resolution directing the institution
OF suits In the name and in behalf OF the United
States against the officers and directors of the
I'nion Pacific Railroad Company for the recovery
Of money and property Of the company illegally
and fraudulently diverted or disposed Of 10 the
pre- udica OF the creditors of the company All
sums recovered under the operations OF this act are
TO be applied to the payment of amounts due to the
Government by the company, and SNVVO Is ap-
nrnnria ed conduct the suits.