Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1900-12-03

inaugural address.
Relations with Japan and Mexico are dis
cussed, showing satisfactory conditions.
The Hague Convention.
1t is with satisfaction that ] am able to
announce the formal notifications at The
Hague, Sept. 4, OF the deposit OF ratihca-
tlons Of the convention for the pncinc set
tlement Of the International disputes by
10 powers, namely, the United States,
Austria, Belgium, Denmark, England,
France, Germany, Italy, Persia, Portugal,
Roumania, Russia, Siam, Spain, Sweden
and Norway and the Netherlands. Japan
also has since ratified the convention.
The administrative council Of the per
manent court Of arbitration has been or
ganlzed, and has adopted rules OF order
and a constitution for the International
arbitration bureau. In accordance with
Article XIII, providing for each sigma
tory power In questions Of international
law as arbltrators, have appointed as
members Of this court, Hon. Benjamin
| Harrison of Indiana, ex-presldent; Hon.
| Melville w. Fuller Of Illinois, chief JUS
tice Of the United States; Hon. j. W. Griggs
Of New Jersey, attorney general of the
| United States, and Hon. George Gray of
| Delaware, Judge Of the circuit court of the
United States
Nicaraguan Canal.
The all important matter of an inter
oceanic canal has assumed a new phase.
Adhering to its refusal to reopen the ques-
| tion Of the forfeiture Of the contract Of the
| Maritime Canal company, which was ter
minated for alleged nonexecution In Octo-
ber, 1899, the government of Nicaragua
has since supplemented that action by de-
claring the so-styled Eyre-Cramin option
void for nonpayment OF the stipulated ad-
vance. Protests In return to these acts
| have been nled In the state department
and are under consideration. Deeming IT.
! self relieved from existing engagements,
the Nicaraguan government shows a dis
position to deal freely with the canal ques-
ton, either In the way of negotiations
! with the United States or by taking meas
ures to promote the waterway.
Overtures for a convention to examine
the building cs the canal under the aus
pices Of the United States are under con-
sideration. In the meantime the views of
congress upon the subject, In the light of
the report of the commission appointed to
examine the comparative merits OF tho
various transisthmian ship canal projects,
may be awaited.
/ / commend to the esrly attention of the
senate the convention with Great Britain
to facilitate the construction of such a
canal and to remove any objection which
\
monty called the Clayton-Bulwe treaty.
/ Attention Is given the recent settlement
Of the long standing contention with Por-
tugal by the payment Of the Delagoa bay
award. Russia 10 thanked for aid In ST.
IBERIA to American missionaries fleeing from
Manchuria. The recent purchase for $780,
100 OF two islands In the Philippine group
not included In the traty of peace with
Spain will be submitted to the senate for
Co. .l,t "A
Ing arbitration. Reciprocity treaties with
Portugal Italy and Germany have been
proclaimed
Reciprocity.
The policy of reciprocity SO manifestly
rests upon the principles Of international
equity and has been so repeatedly ap-
proved by the people of the United States.
that there ought to be no hesitation in
either branch Of the congress In giving to
1t full effect.
This government desires to preserve the
most Just and amicable commercial rela-
tions with all foreign countries, unmoved
BY the Industrial rivairies necessarily de-
velortd In the expansion OF international
trade. 1t Is believed that the foreign gov
,rnments generally entertain the same pur-
pose, although In some instances there are
camorous demands upon them for legis-
lation specifically hostile tn American In
terests. Should these demands prevail
shall communicate with the congress with
the view OF advising such legislation as
The president expresses qualification over
the progress being made for the Pan-Amer-
lean exposition at Buffalo next year. The
work Of the bureau of American republics
Is approved. The consular service Is COM
mended for Its efficiency.
4 Fiscal Affairs.
1t is gratifying to be able to state that
the surplus revenues for the hscal year
ended June 30, 1900, were S70,627 ,o60. 1s
For the six preceding years we had only
deficits, the aggregate Of which from 1884
to 1909, inclusive, amounted to $2S3, ,022,'
0a1.14. The receipts for the year from all
sources, exclusive Of postal revenues, az
gregated sb0T, ,24O, so, and expenditures
for all purposes except for the admins
tratlon of the postal department, aggre-
gated S4s7 701,T1. The receipts from
customs were S233 1914, ,S71.16, an increase
over the preceding year of $27, ,036, $50 Al
The receipts from Internal revenue were
S295,32T ,028.76, eh Increase Of Sai,saO,
7e525 over 1880, The receipts from mis-
cellnncous sources were saS, TAI, ,0b397, as
against $40, ,394 02 for the previous year
Ii Is gratifying also to note that during
Inv scaT cOHslueTuDle Teuuctioh 10 nhVWh
In the expenditures OF the government
The war department expenditures for the
fiscal year 1900 were sl34,77i7b7.75, re
duction OF sos, ,066, 90 over those of 1890
In the navy department the expenditures
were S55,953, ,017.I3 for the year 1000, as
against S63,942, a5 for the preceding
year, decrease OF ST,900, ,o28.65. In the
expenditures on account of Indians there
was Il decrease In 1900 over 1890 OF
2,630,60i,3S, and In the civil and miscel
laneous expenses for 1900 there was re
duction OF $l3, lao, 06574.
Because of the excess Of revenues ovel
=, expenditures, the secretary or the treasury
was enabled 10 apply bonds and other Sc
eurities to the sinking fund 10 the amount
OF S00,5i4,5500G The details Of the sink
Ing fund are set forth In the report OF the
secretary OF the treasury, to when IN
vitc attention, The secretary of the treas
ury estimates that the receipts OF the coun
try for the fiscal year Will aggregate $3.50
100000 and the expenditures SbOO,oo0o0O
leaving an excess OF revenues over expend
iturcs OF $so0oO,o00, The condition OF tho
treasury Is one OF undoubted strength.
II win be the duty, as am sure II VII
be the disposition Of congress 10 provide
whatever further legislation Is needed tC
insure the continued parity under all con
ditlons between our two forms OF metallic
money, silver aud gold,
Our surplus revenues have permitted th'
secretary Of the treasury since the cios'
OF the nscal year to call In the funded
loan OF 1891 continued at per cent, II
the sum of $25, S64 800 To aud Including
Nov. 80 S23 4bS, 100 OF these bonds have
been paid, This sum, together With thu
amount which may accrue from further
redemptlons under the call, Will be ap
l.A "a .ha oil nd