Mr. Young to Mr. Gresham.

No. 32.]

Sir: Since my last, announcing the assumption by the President of the supreme control of the Government, no new developments have occurred. The President is inaugurating some very salutary measures. He has removed all duties from all live stock imported into the Republic, also all duties on salted meats, which will render that article much cheaper than it has been, and it will be of interest to meat-packers in the United States. The Government is working well, and the Republic is enjoying a season of profound peace. It is feared that there is not perfect tranquility in Honduras. It is very difficult to get reliable news from that Republic, the telegraph wires being down. I will be in condition to report more fully in my next.

I am, etc.,

P. M. B. Young.