| Show THE MESSAGE president arthur gevea an astounding exhibit of the nations Nation Ps vast resources but ho does not advise advised Adv isea a largo large diminution mi Ini nution of the national revenues 7 lie he hopes there will be no more indian outbreaks on better Defensive Deren sive works I 1 on a our 86 sea coasts he wants a better navy but no postal tele Teley aph and suggests Sug gosts many more of publio improvement among amon which is a plea far for tha the colored citizens gitil tights I 1 I 1 I 1 m cy western av rn asad POM to the Herald irn the hollowing rol lowing re resume the presidents where harewo wo broke oaf off yesterday yester dav at tho the conclusion of there the report on 0 ilia the foreign relations of the tb ED the report of the Seere secretary tary of lie the treasury gi gieb es a it full and interesting exhibit of the financial condition of he tha country it chona that the tile ardi nary revenues from all sources for fur tho tile fiscal year car ended june 1883 amounted to 4 3 05 whereof there the re was wits received from J rom tile C itson le 21 93 lu internal it revenue Ke venue evenue alca S of taxes on circulation and di conics of nus nw lional daul banks s aa profits on coinage bullion dep and as bays other sources total 11 period the lite ordinary i i ere vere for civil eap exp expenses e aises V 76 foreign intercourse 1 11 pensions military and arselia arsenals ls 1382 93 naval varal including nc luding vessels and improvements at lie the navy yard arday 11 tan I 1 eo us raj i n 1 I 1 tn ti lifis ree including public building build inget light i 1 houses house 1 and collects inc ing 1 il lie revenue fl 3 on oil aci aei cant of t lie the district of columbia Columbi aA I 1 I 1 48 on the public debt 5 i total leaving a surplus which with all alt amount drawn from the cash balance in tile treasury of inalea 13 th there ere was as applied to the redemption of bonds for tor the sinking annd of fractional currency 90 of the funded loan of 1831 1881 continued at 31 3 percent per cent of the loan of july and Augi august continued nt at 31 per cent 2069 tsoo of the tile funded loan of 1907 1007 of tho funded loan of 1881 1891 of tho the loan of july and august 1801 CM of of the loan of march 1863 of the loan of july 1882 of the tile five twenties of 1862 of I 1 the 11 ve e tv twenties antics of 1804 of the five fire twenties of 1805 of the ten formica of 1805 of tho the consola als of of tho the consola of 7 of iho tho consola of afi I 1 I 1 1868 15 of the oregon war debt 3 of the refunding certificates of the old dein demand and compound interest and other notes for a total of if the revenue for the fiscal year which will end on juno june 30 1883 be estlina ted upon tho the basis of the existing law laws 9 the secretary ii of the opinion that for that yeartie earthe receipts will exceed by KOW the ordinary expenditures including the ani devoted to tho lite sinking fund hither i to tho be surplus as ra rapidly adly as it lini lips ao accumulated cumulated luts been I 1 devoted ted to the reduction of the national debt As a tha only bands now ing which are redeemable at the tile pleasure of the government are tile three percents amounting amoun to about the 4 aj percepta perc pe euta amount ing to and the dif A CO 0 4 percents pet cents are not payable until 1891 and 1907 respectively respects y if f the surplus shall hereafter bo be as lare I rae as the treasury estimates now indicate the tile I 3 percent bonds may nil all be redeemed at least four years before any till y of the 41 percent percents can bo be called in in the tile latter at the same rate of accumulation mu lation of surplus can call be paid at maturity binau arity and the requisite for tho lie t redemption of the 4 percents pen per cuts rents will be in the treasury many years before those obligations become payable there are co gent reasons however why the tile national indebtedness indebted item should not lie 10 rapidly extinguished chief chiera among luong them is bathe tale fact that only by exec she sive taxation is such c rapidity laity attainable in ili a communication to the on lit lla its last session I 1 reco recommended ramen ed that all excessive taxes be IL abolished except shuso relating to cil spirits and that substantial reductions loni also bo be made on the reven noa nos from customs A statute has mince been enacted by which the annual tax end and tariff receipts of the tile government have been cut down to tile extent of at least fifty or sixty dollars W while bile I 1 have no doubt that still further reductions may im isely made I 1 do not advise tile adoption at this session of any measure of large dl of the tile national resources tho tile results of tile of tile last bess cession ion of the tile congress on gress have bave yet become sufficiently apparent to justify any I 1 t IV 1 I a I 1 elspat radical revision or sweeping tiun diun odthe of the existing law in lie the interval which eh must elapse before the effects ortho act of march ad 1883 can call be definitely ascertained a portion at least of the surplus reye revenues may bo be wisely applied to the long neglected duty of our navy and providing idin defenses for the protection of our harbors this is it matter to which I 1 shall again advert immediately associated with the financial discussed is alio importance of the question what lee leg ignation Is needed regarding tho the national currency the aggregate amount of bonds now on deposit in tho the treasury to support tho the national bank circulation is about nearly of this amount consists of three ali reo per cents which as already stated are payable at the pleasure of the government and are likely to bo be called in within less than four years unless in the meantime the surplus revenues shall be diminished the probable effect of such fin extensive retirement of the becu which arc are the basis of tho the rational national bank circulation would be such a contraction of the volume of he the currency as to produce grave e commercial embarrassments embarrass ments how 0 w can call he the danger be obviated the most effectual plan and the one whose adoption at the earliest opportunity I 1 shai heartily approve has hassi already been een indicated if the revenues of f lie lite next four ye years ara shall be tally commensurate with tho the cx ex derwe pe i the volume of circulation will not be likely to suffer stiffer any binate rial lal disturbance but if on the oilier other land hand there shall bo be a great delav in lit educing reducing the taxation it will become necessary leoe esary cither either to substitute some of he the other forms of currency in the tile place lace of tile national bank baltic noted note 4 or to 0 make important changes in the ians laws Is b y which tbell circulation 1 la ii now controlled troll ed to my judgment the latter ourse Is far preferable I 1 commend 0 your attention the very inter biting and choti thoughtful fitful n this is appear in the thesel see reports rt the objections which 10 lias as urged rg d against the acceptance fany tiny other securities than tho the dobli lations of the government itself as a Dun dation for national banks cincu seem to me insuperable for averting the threatened con traction two courses have been 7 eted cither either of which is probably feasible ono one is the issuance of new londs bonds having many years to run earing a low rate of interest and upon specified terms with those now outstanding the other course which commends itself 3 my own judgment as the better is lie enactment of a law lav repealing pealing ro tho ix on circulation and permitting the anks banks to issue notes for an amount equal to 90 00 per cent of the market alue value instead of as now tho the face albie tic of the decosi deposited ted bonds ingree I 1 agree ith tho secretary in the belief that u lan arili pi plait will arl io necessary relief the trade dol ir was coined for Wie purpose of traffic i countries where silver passed at its alno valno ascertained by its weight and enem it nover had a legal tender liLy y lar largo 0 numbers of these theae 6 entered ante however over into the col mn of our currency by common conn com nt their circulation in domestic domeet ic raile trade lua has now cos ceased sed and they havo have i us become i it disturb disturbing inz clement element liev I 1 ev should nu longer bo be permitted currency system and I 1 that provision be iba made I 1 r their reception by the T treasury nd hie mints as bullion at a sma small I 1 i 0 o above the curlent market rice of silver of like fin fineness criess tho tile secretary tary of tho treasury ad iseson li dation of certain of tho the districts ot of the country and I 1 aegesta that the president bo vested etli euffa power in relation thereto I 1 s is now given him illin in ili regard to the I 1 tors of internal revenue by I 1 j y section of the tile revised j of thia this subject j herh 1 ll 11 arc are contained in his report I 1 it vf of themselves vesa 3 strong i U 01 demerise de ferise hia his views at thoad the ad I 1 of internal it revenue evenue collection districts rag by J ord order er exe buted june I 1 directed that ertain certain of cheso districts bacon solida ed the re tilt hai been a reaction if a third of this number which is at ho tile present but bat 83 froin from tho tile report of the tile secretary of var will LA seen that in only a single has there been a disturbance if the quiet julet condition of our indian ribes tribes p i raid from mexico into arion by a it mall small party of indians which was pursued by geal crook into nto the mountain regions from froin which it t had bad como come it is confidently hoped twit hat bariou bc riou outbreaks will not occur V jiin 1 a alad nd eliat thi the Ii indian ilian tribes i aas a for so many years dis w will ill hereafter liere afier remain iq li pau ceable submission I 1 1 again call your attention to t alio mearhl condition of our extended which are so BI many larad ditled whose wealth and im hn orian oriano vo o to W tho country would in ili line time of or tr attack from front mod iru cru arm anual I 1 ships against which ou our r exist ilig olve ve works could eiyo no adequate proto lion ta those lose borks were built before the introduction of iho tile german bitle gun into marit maritime itne warfare abid audal it they ara not put in ill an efficient condition wea ill tt bo subjected to humiliation by a hostile power greatly inferior ta ourselves aa As ger inalle to thia this E subject I 1 call your attention to the importance of in oil our r submarine torpedo defenses rile board authorized by tho tile laist contreri Con aresi tresi to report on the method which should be adopted for fur the tile manufacture of heavy ordnance adapted to general warfare b had has visited tile principal iron and steel works in tilt this country and europe it ia Is hoped that its report will be soon ston made and that Vori congress vrees will thereupon be disposed to provide suitable r 1 little and pi plans ins tor 0 r lite turo of oil burh v h guns uns an as are now needed on severa F occasions during the past year officers of the army have ave at tho the reque request of tho the state aut authorities gitles visit visited ekl their mil military gitary encamp encampments ments for inspection of the tile troops from re reports por of these officers I 1 am induced t to 0 bels believe eve that the ement of the state ini militia litia organization by the national government wc would auld bo be followed b by very er gratifying atif I 1 1 ng results and would al afford rd it t in sudden en emergencies tho tile aid of a largo large body of volunteers educated ted in the performance of ralli larv tary duties the secretary of the gayy 14 I 1 I 1 1 4 that under the authority of tho tile of aug ath issa and M march arch 3rd ard the tile work of strengthening our nav navy y b by he construction of modern vessels g his been auspiciously begun th three ree cruisers cruisers are in progress of construe conati action tho the chicago of tons totis displacement and the tile boston and at lanta cadi each of 2500 tons they are to be built of elcel steel with tho the tensile strength and ductility prescribed by b law and in in combination of speed en durance dura and armament they arc are expected to compare favorably with the best armored war vessel of other nations A fourth vessel the dolphin Dolp fan is is to bo be constructed of similar material and it is is intended to serve as a fleet dispatch boat the double turreted monitors I 1 punan lu ritan and terror have hai e been launched on tile delaware river and a contract has been beet 1 made for the supply of their macinn erv A similar monitor tho the amad nock has been lauti heil elied in california the naval advisory board and the secretary recommend tho the completion of tho the monitors the construction of four gun un boata boats anil and alo alfio of three additional steel vessels like the chicago boston and ond dolphin as an important measure mca of maritime def defense enbe the secretary urges also the immediate creation of an interior fast line of waterways across the peninsula of flodda along the tile coast from florida to hampton Hain roads between the Chem peake bay and bu laware iziver and through cape cod I 1 feel bound to impresa impress upon tho tile attention of ofton con gresa the necessity of continued con tinned pro eress gress in in the reconstruction of the navy the condition of the public treasur treasury as S I 1 have already te ted J anat males s tit the present an auspicious ti time m e for putt ing ngU ch is ia branch of berdica berdica in a state of ethcie ncy it 13 no part of our policy to create and maintain a nary navy ablo abig to copo with those of tile other great powers pon ers of the world we have no wish for foreign conquest and the peace which no we have iong lon enjoy ed is in no seeming danger of inter but that our yur naval strength should be le mide made adequate for the defense 6 of our harbors llie the protection of our commercial interests and th the C maintenance of our national lionor lionor is a proposition from which no patriotic citizen can call w withhold ins his men assent t the report of tho the postmaster gen eral contains a gratifying gratify ing exhibit of the condition and prospects of ofilio the interesting in te resting sting branch of the lite public service sen ice committed to ins his cara care it 11 appears that on june 30 1833 the whole number of wa was of which 1632 were established during luring the tile lat last previous fiscal year 3 ear the number ot of offices operating under tho the system of free delivery was at the tile latter offices the postage in local matter amounted to n sum exceeding by taften taft en I 1 tiro tire coltof the carriers service sen ico of thy country the rate of on drop I 1 letters passing through these coffees i la now w bial 4 jn eniy i hal f ounce or a fraction thereof I 1 in 1 1 offices where the carrier carrier system it iiii is not been established the rate is only half as largo it will be remembered that in in 1863 1663 when free delivery was first established by law the uniform i single rate postle e upon local letters I 1 was n as one cent adaso and so it remained until 1872 when then in in those cities where car ncr rier service was established it w wib increased to defray the eapen o i of euch such service fieri ice it seema seems to nio lite that the old rate may now nith i ith prow ici IY b be e rei restored and that too even at V the risk of a time at least i the receipts from posta ze upon local j letters 1 I 1 can see no reason biby w liy that particular class of mail matter should E bo e held double for the entire cost not oil of its collection and delivery deliver v bi but I 1 t the and delivery of al all I 1 other classes elis sc and I 1 aiu am confident af of I |
