New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-12-06

|
Justice The british members, LORD Herschei
and Sir Richard Collins. are turists OF no less
exalted repnte, while the hftn meihDtr an
| president OF the tribunal. NJ. f. DE Martens
| has earned worldwide reputation as III "u-
thority upon international law 49, w,
The claim Of Felipe ScandeIla asa ., O.. ~.
| ezuela for arbitrary expulsion and injury 10 MS
| business has been adjusted ny the reVoca.lon
Of the order of expulsion ard by the payment Oh
the sum of Sl6,oOo.
THE BUREAU OF AMERICAN REPUBllCs'
7 have the satisfaction of being able TO state
that the Bureau Of American Republics createa
in 1890 as the organ for promoting commercia'
intercourse and fraternal relations among 'ne
| countries Of the Western Hemisphere. has De-
| con,o q more efficient instrument OF the wise
purposes of its founders. and Is receiving 'ne
cordial support of the contributing members or
| the international union which are actuaiiy rep
resented in its board of management COM
noercial directory in two volumes. containing
a mass Of statistical matters descriptive or the
industrial and commercial interests Of the Vari-
| ous countries has been printed In Engnsh
| Spanish. Portuguese and French. and a monthly
| bulletin published I'm these four languages ana
distributed in the Latin American countries as
| well as in the United States, has proved 10 pc
n valuable medium for disseminating liloI ma
tion and furthcring the varied interests OF the
international union. , -.
| During the last year the important WORK OF
collecting information OF DidNNiN"
American Industries and trade through tne
agency Of diplomatic and consular olncers mas
been steadily advanced, and. IN of"ei - ilS
such data before the public with the ledst uei"E
the practice was begun in January. 1910, OF
issuing the commercial reports from uay
dav as they are received by the pepdluH,il' vi
state II is believed that for prOmptitude' as
we'll as fitness Of information. the service thus
sunnlied 10 our merchants and manufacturers
will he found to show sensible Improvement anu
10 merit the liberal support OF Congress
PRIVATE PROPERTY AT SEA in WAX
Tho experiences Of the last year bring forci-
blv home TO us n sense OF the burdens and the
waste OF war We desire, IN common WIN
most civilized nations TO reduce 10 the io"eA.
noss,hle nont the damage sustained IN time OF
war by peaceful trade and commerce. II Is 'iue
ve NAV suffer IN such cases less than other
communities but all nations are damaged more
~ loss nv the state Of uneasiness and apprehen-
sion into which an outbreak Of hostties throws
the entire commercial world. 1t should be our
o,,ec. therefore TO minimize so far as prao-
t,cah,e this Inevitable loss and disturbance.
This nurpose can probably best be accomplished
nv an international agreement to regard all
nrivate property at as exempt from capture
or destruction by the forces OF Deliseie st
Powers The United States Government mas Ior
many wears advocated this humane ana penen-
cent principle. and Is now in position 10 recon-
mend It TO other Powers without the lIlput e.
NJ selfish motives. i
your consideration that the Executive De au
tborized 10 correspond with the governments
Of the principal maritime Powers win a We"
OF Incorporating into the perhhthen. ,n
civilized nations the principle or the eNeilptio
of all nrivate property at sea, not contraDano
NJ war from CAPTURE or destruction by pelnsei-
ent Powers
THE GOVERNMENTS RECEIPTS
Tho Secretary OF the Treasury reports that
the receipts Of the Government from oil sources
a,n,,c tho fiscal wear ended June 80. 1898 IN
Guiding SG4 75l 223 received from the sale OF
pacific railroads amounted to s405 321 $780, and
It's expenditures TO S44336S5s2 There was
collected from customs S149,515,062 and from
internal revenue S1709OO641. Our dutiaoie
imports amounted TO 1921, G35,479. decrease OF
SIS 1876 coo over the preceding year. and I'M
portations free Of duty amounted 10 49, d6'
us. a decrease from the preceding year or s',o',
524 O,iS Internal revenue receipts exceeded
those OF the preceding year by SZi2l2,Oo'.
The total tax collected on distilled spirits va vas
S35 and on fermented liquors 500 515.421 We
exported merchandise during the year amount
ing to 81 231 1890, an increase OF SloV4oo'f
from the preceding year
A DEFICIENCY ESTIMATED.
II Is estimated upon the basis Of present rev.
enue laws that the receipts Of the Government
FOR the year ending June 80, 1899. Will be $577.-
S74 647 and IT'S expenditures S6S9'SI4,647. re-
sulting in a deficiency OF $112OOOOOO
On the 1st OF December. 1898. there was held
IN the Treasury gold coin amounting to $13S,-
al 81 gold bullion amounting 10 S13S5O254o
silver bullion amounting to S933J9 go and
other forms Of money amounting 10 S40l 3633S1.
on the same date the amount Of money Of all
kinds in circulation or not included in Treasury
holdings was 81 $50 Sl9,5O4. an increase for the
year Of Sl65 794 966. Estimating our popula-
ton at 1874. 900 at the time mentioned the
per capita circulation was so 90 on the same
date there was in the Treasury gold bullion
amounting TO $13SJU2o4o.
THE NATIONAL CREDIT STRENGTHENED.
The provisions made FOR strengthening the
resources of the Treasury in connection with
the war have given increased confidence in the
purpose and power OF the Government to main
tain the present standard and have established
more firmly than ever the National credit at
home and abroad A marked evidence Of this
is found in the inflow Of gold to the Treasury.
It's net gold holdings on November |. 1898. were
1899 $50 162 as compared with $153.5I3.147 on
November l. 1897, and an increase OF net cash
OF 500, 1J6. 100. November ]. 1897. to S3OO23S,-
27j November !. 1898 The present ratio OF net
Treasury gold to outstanding Government la
bities, including United States notes, Treasury
notes Of 1890, silver certificates. currency GER
tifcates, standard silver dollars ana fractional
silver coin November ]. 1895. was 2j.35 per cent
az compared with 1896 per cent November J.
1891
GOLD FOR PAPER
| so much Of my recommendation OF
December. 1891 as follows: That when any of
the United States notes presented for re-
demption in gold and redeemed in gold such
notes shall be kept and set apart and only paid
out in exchange for gold. This is obvious
duty. If the holder Of the United States note
prefers the gold and gets it from the Govern
.gfNF has
eminent "A United States note without paying
gold in exchange for il. The reason for this is
made all the more apparent when the Govern
ment issues an interest bearing debt TO provide
gold for the redemption Of United States notes
a non-in tcrest- bearing debt Surely it should
not pay them out again except on demand and
L. 49,. L..