Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1868-12-17

sAstiy received ioE IN uohHe, OH NC
conclusion IS becoming prevalent tbs: the
amour: i obtained in real money was
three sr four hundred per cent. less than
the Obligations which it issued IN return
Whilst Tie national credit should be
sac.edly observed. the President says We
shout no, forgo, wha: is due 70 the mas
ses Of the people He thinks it may De
assumed that the holders Of our securi
ties have already received upon their
bonds larger amount than their original
investment, measured by gold standard
Upon this ssstement OF facts. he says. it
| would seem but just and equitable that
| the SIX per cent interest now paid by the
government should be applied to tie rs-
duction Of the principal in semi-annual
| ins.allmeuts which, in sixteen years and
eight months, would liquidste the entire
national debt. Six per cent. N gold
would 8, present rates be equal TO nine
per cent IN currency. al equivalent to
:he payment. of the debt one and half
! .iu,es in trac'ion less than seventeen
years. This, The President thinks, would
| afford the public creditors . fax and lib
! ca Compensation for he use q heir cap
i:sl
cir Gu ST lell1S. the President merely
reiterates substantially, that portion Of
! bis last annual message whic relates 20
j tia, subject The anomalous condition
Of cur currency IS held 70 be in striking
contras; w:.h that which was originally
designed Equal and exact justice re-
quires that all the creditors Of the gov
! ernment should be paid in currency pos
| sesspg a uniform value, which can only
be accomplished By the restoration Of the
currency to the standard established by
ths constitution. Facts derived from our
commercial statistics are next deduced TO
show the feasibility Of making our cur
rency correspond with the constitutional
standard 1. is urged that the time has
COM when the government and national
banks should DO required to take the most
efficient steps and make all necessary aT-
engagements for resumption Of specie
payments The President adds:
Specie payment having been resumed
BY the government apd banks. all notes
or hills of paper i.sued by either of less
denomination than twenty dollars should
by law be excluded from circulation, 50
that the people may have the benef, and
convenience Of gold and silver curren-
cy which, 10 all their business sransac-
,ions. will be uniform in value at home
and abroad.
The President next makes reference to
the report of the Secretary of the Inter-
or, including the operations of the land
Office. pension Office, patent Office and the
| Indian bureau In regard to the Indian
tribes, the President says that treaties
with Ysrious of them have been conc!ud-
ed, ana .ha. he cordially sanctions the
stipulalons which provide for necessary
| lands fer then, where they may encour-
aged to settled habits and Industrial pur-
suits
The President next makes reference to
the reports of the Secretaries of War,
Navy and the Postmaster General.
Our foreign relations are SAID to be
friendly, except that in regard to Para
IS u,=.--vbe e-oversy- between the Pres
ldeut of that country aud Mr. Washburne
has led to instructions to orr newly aP-
pointed minister to Paraguay, Mr.. Nc
Mahon, TO proceed 10 Asuncion and IN
yestigate tie whole matter. and the rear
admira. of cur squadron on that stat:on
has been dircv,ed TO attend the new min
lister with proper naval forcs to sustain
such ;ast demand. az the occasion MAJ
require.
Our relations with Mexico during the
past wear are said 70 have been Ina ked
By an increasing growth Of confidence :
Nccotiat ons are SAID to be pending with
c view to the survey and construction OF
a ship canal across the isthmis Of Dlrlea
under the auspices of the United States.
The President has been reluctantly
Obliged to ask explanation aud sohstac-
ton for national injuries committed By the
President Of Hayti.
Reference IS made to the acquisition of
Alaska, which it is said WAS maze with
the vies Of ex ending national jurisdic-
ton aud republican principles 10 the
/ American hemisphere, and AS step III
the same direction treaty vas made Tor
the purchase OF ST. Thomas, which re-
UaluS UnOtl cousloelss.oE AZ 'HS
ate.
The President holds That comprehen-
sive national policy would seem TO sane
ton the acquisition and incorporation into
our federal Union OF the adjacent cont
mental and insular communities as speed
ily rs it can be done peacefully and law
fully. an idea which will take ho'd upon
the popular mind In this connection
the President says
1t cannot be long before il viii be-
como necessary for this government to
lend some effective aid to the solution o.
the politics! and social problems which
are continually kept before the world by
the two republics of the island OF San Do
rningo, and which are now disclosing
themselves more distinctly than hereto
j fore n the1sixud-of Cuba. The suhJ
is commended - your consideration VITA
all the more earnestness beca Sc am ST
isfed that the time has arrived when even
50 dircc: proceeding as propos't.o1 t}r
the annexation Of the TWO republics OF the
island Of ST. Domingo would not only re-
ceiye the cons.n, of the people Interested
but would also give satisfaction 70 al Tor
eign nations"
With the increased facllitie. for inter
communication. the President thinks that
our political system may De successfully
applied to an area more EXTENDED than
our own continent
Reference is re1t made to treaties with
the Hawaiian kingdom, with Germany
ana Bavaria regarding the rights OF nat
urali.ed citizens, aud TO the inportsni
questions remaining open between the
United Safes and England fer adjust