I have alluded in my previous messages to the injurious and vexatious restrictions suffered by our trade in the Spanish West Indies. Brazil, whose natural outlet for its great national staple, coffee, is in and through the United States, imposes a heavy export duty upon that product. Our petroleum exports are hampered in Turkey and in other Eastern ports by restrictions as to storage and by onerous taxation. For these mischiefs adequate relief is not always afforded by reciprocity treaties like that with Hawaii or that lately negotiated with Mexico and now awaiting the action of the Senate. Is it not advisable to provide some measure of equitable retaliation in our relations with governments which discriminate against our own? If, for example, the Executive were empowered to apply to Spanish vessels and cargoes from Cuba and Puerto Rico the same rules of treatment and scale of penalties for technical faults which are applied to our vessels and cargoes in the Antilles, a resort to that course might not be barren of good results. The report of the Secretary of the Treasury gives a full and interesting exhibit of the financial condition of the country. It shows that the ordinary revenues from all sources for the fiscal year ended June 30, 1883, amounted to $398,287,581.95, whereof there was received-- From customs - $214,706,496.93 From internal revenue - 144,720,368.98 From sales of public lands - 7,955,864.42 From tax on circulation and deposits of national banks - 9,111,008.85 From profits on coinage, bullion deposits, and assays - 4,460,205.17 From other sources - 17,333,637.60 Total - 398,287,581.95 For the same period the ordinary expenditures were: For civil expenses - $22,343,285.76 For foreign intercourse - 2,419,275.24 For Indians - 7,362,590.34 For Pensions - 66,012,573.64 For the military establishment, including river and harbor improvements and arsenals - 48,911,382.93 For the naval establishment, including vessels, machinery, and improvements at navy-yards - 15,283,437.17 For miscellaneous expenditures, including public buildings, light-houses, and collecting the revenue - 40,098,432.73 For expenditures on account of the District of Columbia - 3,817,028.48 For interest on the public debt - 59,160,131.25 Total - 265,408,137.54 Leaving a surplus revenue of $132,879,444.41, which, with an amount drawn from the cash balance in the Treasury of $1,299,312.55, making $134,178,756.96, was applied to the redemption-- Of bonds for the sinking fund - $44,850,700.00 Of fractional currency for the sinking fund - 46,556.96 Of funded loan of 1881, continued at 3 1\2 per cent - 65,380,250.00 Of loan of July and August, 1861, continued at 3 1/2 per cent - 20,594,600.00 Of funded loan of 1907 - 1,418,850.00 Of funded loan of 1881 - 719,150.00 Of loan of February, 1861 - 18,000.00 Of loan of July and August, 1861 - 266,600.00 Of loan of March, 1863 - 116,850.00 Of loan of July, 1882 - 47,650.00