our American youths in each of those
countries, to serve as a part of the official family of our ministers
there. Our representatives would not even then be placed upon an
equality with the representatives of Great Britain and of some other
powers. As now situated, our representatives in Japan and China have to
depend for interpreters and translators upon natives of those countries
who know our language imperfectly, or procure for the occasion the
services of employees in foreign business houses or the interpreters to
other foreign ministers.
I would also recommend liberal measures for the purpose of supporting
the American lines of steamers now plying between San Francisco and
Japan and China, and the Australian line--almost our only remaining
lines of ocean steamers--and of increasing their services.
The national debt has been reduced to the extent of $86,057,126.80
during the year, and by the negotiation of national bonds at a lower
rate of interest the interest on the public debt has been so far
diminished that now the sum to be raised for the interest account is
nearly $17,000,000 less than on the 1st of March, 1869. It was highly
desirable that this rapid diminution should take place, both to
strengthen the credit of the country and to convince its citizens
of their entire ability to meet every dollar of liability without
bankrupting them. But in view of the accomplishment of these desirable
ends; of the rapid development of the resources of the country; its
increasing ability to meet large demands, and the amount already
paid, it is not desirable that the present resources of the country
should continue to be taxed in order to continue this rapid payment.
I therefore recommend a modification of both the tariff and
internal-tax law. I recommend that all taxes from internal sources
be abolished, except those collected from spirituous, vinous, and
malt liquors, tobacco in its various forms, and from stamps.
In readjusting the tariff I suggest that a careful estimate be made of
the amount of surplus revenue collected under the present laws, after
providing for the current expenses of the Government, the interest
account, and a sinking fund, and that this surplus be reduced in such a
manner as to afford the greatest relief to the greatest number. There
are many articles not produced at home, but which enter largely into
general consumption through articles which are manufactured at home,
such as medicines compou
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