The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-12-04

! with other governments are in progress
for the Improvement and security of our
| commercial relations. :
The policy of reciprocity so manifestly
rests upon the principles of international
equity and has been so repeatedly APP
, rroved by the people of the United States
that there ought TO be no hesitation in ,
either branch of the Congress in giving
! 10 it full effect.
This Government desires to preserve
! the most lust and amicable commercial
/ relations with all foreign countries, UNI
moved by the industrial rivalries neces-
! sarily developed in the expansion OF in
ternational trade II is believed that the
| foreign governments generally entertain
/ the same purpose although in some in
stances there are clamorous demands
! upon them for legislation specifically hos
| tile to American interests. Should these
demands prevail I shall communicate with
the Congress with the view Of advising
such legislation as may be necessary to
meet the emergency.
THE BUFFALO EXPOSITION.
The exposition of the resources and
| products Of the Western Hemisphere to
i be held at Buffalo next year promises i'm
portant results not only for the United
States but for the other participating
| countries. 1t is gratifying that the Latin
| American States have evinced the live
Hest interest, and the fact that an in
| ternational American congress will be
held in the City of Mexico while the
! exposition is in progress encourages the
hope of larger display at Buffalo than
might otherwise be practicable The
i work of preparing an exhibit of our ma
| tional resources is making satisfactory
| progress under the direction of different
officials of the Federal Government and
the various States of the Union have
shown a disposition toward the most
liberal participation in the enterprise.
TO DEVELOP LATIN AMERICAN
TRADE.
The Bureau of the American Republics
continues to discharge, with the happiest
results, the important work of promoting
cordial relations between the United
States and the Latin American countries,
all of which are now active members OF
the international Union. The Bureau has
been instrumental in bringing about the
agreement for another international
American congress, which is to meet in
the City of Mexico in October, 1901. The
Bureaus future for another term of ten
wears is assured by the international
compact but the congress will doubt
less have much to Go with shaping new
lines of work and a general policy It's
usefulness to the interests of Latin
American trade is widely appreciated
and shows a gratifying development
UTILITY OF CONSULAR SERVICE.
The practical utility of the consular
: service in obtaining q wide range of in
: formation as to the industries and COM
merce of other countries and the OPP
portunities thereby afforded for introduc-
!, ing the sale of our goods have kept
steadily in advance of the notable eX|
[ pansion OF our foreign trade, and abund
| ant evidence has been furnished both at
home and abroad of the fact that the
Consular Reports, including many from
t our diplomatic representatives, have to
! considerable extent pointed out ways and
, means of disposing of a great variety OF
manufactured goods which otherwise
might not have found sale abroad.
Testimony of foreign observers to the
commercial efficiency of the consular
corps seems to be conclusive, and our
own manufacturers and exporters highly
appreciate the value Of the services rem
. dered not only in the printed reports but
also in the individual efforts of consular
officers to promote American trade An
increasing part of the work of the Bureau
OF Foreign Commerce, whose primary
. duty it is to compile and print the re-
ports is to answer inquiries from trade
organizations business houses etc as
to conditions in various parts of the
world, and Notwithstanding the small
ness of the force employed, the work
has been so systematized that responses
are made with such promptitude and ac
curacy as to elicit fattering encomiums.
The experiment of printing the Consular
Renorts daily for immediate use by trade
bodies exporters. and the press. which
was begun in January, 1898, continues
to give general satisfaction.
THE SURPLUS REVENUES.
1t is gratifying to be able to state
! that the surplus revenues for the fiscal
| year ended June 30, 1900. were $40 527,-
geo. IS. For the six preceding years we had
only deficits, the aggregate of which from
! 1894 to 1899, amounted to $2S022, 991. A.
| The receipts for the year from all sources
, exclusive of postal revenues, aggregated
[ 1851, 240 S51.S SO, and expenditures for all
, purposes, except for the administration
! OF the postal department, aggregated
- 3791F1. The receipts from Gus
{ toms were 1928, 164, 871.16. an increase over
the preceding year of $27,O36, 3S941 The
receipts from internal revenue were
$295327 926.76, an increase of So, 800, ICE. %
over 1899. The receipts from mscellan-
eous sources were $3S, 74S 053.97. as
against $36,994, 1852 for the previous
year.
REDUCTION OF EXPENDITURES
1t is gratifying also to note that dur
, ing the year a considerable reduction is
shown in the expenditures of the Govern
ment. The War Department expenditures
fer the fiscal year 1900 were 1884, TIA, 1918,
| reduction of $1,000, 1860 over those
of 1899. In the Navy Department the eX-
, penditures were $50 1853, 077.72 for the
year 1900. as against 500 942, 104.25 for the
| preceding year, a decrease of 81, 989. 026. SO.
In the expenditures on account of Indians
| ~ ~,