The New York herald., 1870-01-05

tiOns upon reconsideration by the Legislature, be
these but many other bills Of great importance were,
last year, presented TO me at the very end
the session. SO !nat no aitsrna.,vs WAS
some Objectionable details or aisapprove the
bills and let them fail to become laws,
recommend that tnc city and county tax ievles, AZ
well all bills aDpropriating moneys for the support
session, and also that the consideration Of other
bills OF great general Importance De postponed no
longer than the state OF pubic business makes ne
cessary
have now, as far as II seems to me necessary,
presented TO you facts ana suggestions connected
with the c0nditlon OF our own State.
Our especial duty Ia to promote the public good.
BY lab0rinR to secure more prudent honest and
Goodness Goodness Of GOD srSsefuI to Him for ali Ills mer-
ces acknowledging our dependence upon Him,
looking to Him for wisdom and guidance, trusting
Him to lead us through all the dangers which beset
US, let us all, IN our respective spheres labor 70
secure to the State and TO the country substantial
prosperity and reat and enduring peace.
FEDERAL AFFAIRS.
The people or this state are deeply concerned In
wise administration OF federal AFFAIRS AS represent
ing them believe II 10 be my duty, before closing
this message, to call attention TO- and to protest
against. whatever IN the policy OF the general gov
raj interests, or is In any way prejudcial TO their
welfare protest against the revolutionary course
constitution Of the United States, Dy which, among
their other efforts at Capitalization they seek the
absolute control OF elections In the States Power.
less themselves 70 amend It by direct act and
unable to procure the voluntary consent OF three
f0urths Of the states, they force the consent OF
and thus override and nullify the viii Of others,
whose proper relations TO the federal government
not constrain. protest against the acton Of both
Congress and the presidents OF the United States In
subjecting the people OF Georgia anew 20 military
ti0n and the restoration OF their constitutional
lations with the federal government having been
recognized by the federal authorities as complete.
/ protest against the longer exclusion from repre-
sentatlon Of any Of the States; u any one be ex-
cluded the rights OF all are unsettled and the mar.
mony OF our government Is destroyed.
THE TARIFF LAWS.
protest against the fav0rltism OF our present
tariff laws which have virtually destroyed American
shipping. and which bear oppressively upon the
masses OF the people and especially upon the great
State the relations are close and Intimate aud upon
whose prosperity and freedom nom unjust eXac-
tions depend largely the welfare OF the whole coun-
try, and It's ability to defend its honor aud pay Its
debts. l protest against pOstponing as has been
suggested by the President OF the United States the
revision OF these laws. The evils connected with
date relief Is required.
Our taxation for the accumulated responsibilities
and present cost OF the federal government Is
heavy. It's weight will be felt the more severely
now that low prices for our agricultural and other
cneeriully TO ali taxes necessary for the support OF
the government and OF Its credit, Iney nave
right to demand, however tIat the burden OF very
heavy taxation shall be fairly and equally adjusted.
ana so adjusted to interfere as liGtle as possible
with their daily comfort. 1t Is the direct interest OF
the people at large that they shall be able TO buy
cheaply whatever they have TO buy. Our present
tariff OF duties on imports cOmpes the many TO pay
high prices or he Das S fss en-
was, nevertheless, framed not Tor the one great
end OF giving the federal Treasury the largest
income but with the view OF fayOrng certain special
private interests. No government has right to
tax, except 70 obtain its necessary revenue. To
mepe purpose BY their price,
the capitalists engaged IN their manufacture or pro.
duct0n Is an abuse OF the taxing power. SO long as
laws enacted upon this principle powerful COM
blnatons Will be formed among those whose special
interests to be benedcalIy anected by them, to
push through schemes which favor their private
business, regardless Of the interests alike OF
the people and OF the federal Treasury. Laws Of
1 g 70 ae ssaDg p Si mSneysa s%
hands, and to the creation and strengthening oil an
illegitmate influence to which Congress becomes
ed to be prohibit0ry. an extraordinary and very
costly BODY OF officials Is made necessary, the temp
tatlon TO smuggling aud fraud Is increased and ON
CIa delinquency Is made common; evils which
would be avOided, while the revenue would not be
decreased by q return to the simple duty OF govern
ment and to moderate imposts. To make a just
tariff OF duties the principle OF favortism should be
abandoned altogether. II The principle be adGitted,
no limit can be placed on the abuses Under 1t.
GENERAL FINANCES
protest against the continuance OF financial
policy which fails either to strengthen the pubic
Keeps values uncertain and unsettled which bafiies
business foresight which, while permitting the sale
OF government gold, leaves the country subject to all
the evils OF an lrredeemabe paper currency; which
threatens TO Withdraw from the people what is now
In money before providing substitute; which,
unde1ned IN character aud variable III action, ex
poses the business Of the country constantly to the
chances OF disastrous panics; which seeks to exert
fluctuatng control over the gold market, instead
OF making steady progress towards permanent
soundness IN financial condition; which can suggest
method Of meeting the legal tender promises
cess of contraction both painful and dangerous;
which negects TO redeem the legal lender L0tes held
eyerywhere among the people; yet with the proceeds
OF excessive taxation, purchases at premium
bonds that the government Is under no obligation 10
pay for nearly ffieen years; winch saves few mi.
chased, when, BY raising the credit Of the country
to It's proper level. many millions more could be
saved by the negotiation OF new loan at lower rate
OF interest; which assumes that the rate OF in-
terest on our bonds can be lowered at the sole
Will OF the borrower, or that capitalists who now
hold bonos paving per cent interest In gold can
be persuaded 10 exchange them voluntarily for bonds
bearing only four and half per cent; which. falling
TO devise permanent financial system TO which
the business OF the country could, without un-
due sacrifices conform, substitutes d series OF
experiments that entail losses upon individuals,
without contributing to the general good which sug
Rests remedy for the nuctuating value OF the
legal tender notes. except that the government snail
redeem these promises @ at APR 2 price @ fixed by by Itself
words, repudiate so much OF its obligations. and
which, by falling to secure the confidence OF the
capitalists OF the world, Keeps the government sect
rites below par In gold everywhere when, in view
OF the vast resources OF the country, they should
even at nVe per cent Interest," COMMAND premium.
We are enduring great evils from our lrredeema-
BILE currency. The financial panic which occurred
in New York IN september last threatened for time
widespread disaster A very little increase OF the
then prevailing dlstrust might have thrown the
whole business OF the country into confusion. That
panic would not have been possible but for our hay
ing in use as money something which lacking the
intrinsic worth OF the precious metals must depend
Tor lis current estimated value upon the caprces of
opinion.
Money Of shifting value is curse to the great
body OF the people. II renders the rate OF wages
deltislve counteracts and defeats the economy Of
the household and makes the savings Of labor laid
up at the cost OF much sel-denia OF uncertain and
variable value. If we would avoid discouraging
regular industry, and fostering, in It's stead, spirit
OF speculation the money which we use to denote
the value OF what we have to buy and sell every
day, and in which hx the rate of wages, must be
constant In Its own value anu not liable to CAPRI
ciOus fluctuations.
It Is "a misfortune that we ever departed from
the use OF the money OF the constitution. Sooner
or later shall be Obliged to go back to it. We
have before the alternatives OF returning to .
sound condition by wise and prudent efforts OF our
own, OF awaiting the possible advent OF f1nan-
cIal panic OF greater intensity than any we have
yet Witnessed and a return to specie payments at
the COST Of great and protracted suffering BY the
operation OF self-enforcing laws which are above