The sun., 1873-12-03
AHE PRESIDENTS MESSAGE.
fConijuu,d from Tnird Pdye.)

xiopsi as veil az individual bankrupcy must ensue.
,c"I "rary rnai Would ont lcG to Imitation ~ rrc
e. e: p9g cs M SoS Sn xii an h6" S SHp ssd re-
besss Of present riletlcucrs. tla'ticny 70 ,nr ,nr
tfsnsict tie legitimate business OF ihe country ana to
sSeG 81 r6e ssaci medium l. .pccr he facosnl me
dum - c change thu world over That oetsincd We
ffss%c%re be too % much Of Tor the esinste purgos,
.ou"'ty 1tfy' .So 1IS S he reverse vi" result TO hold
s e Hssr sI no dgens Of I Sq @
Alteration OF Cgng'ess Lhe ,Nprcnc, - me rres n'
based Il Is upon the credit q INC country, she pc,
.hs lHs ever Teen dc,isrd ,gsly IN timt, o., Sn M
prrca;c in value ssto innate The values Of all the nee
one hoidngii hs been ou- 10 III ,po.r Of on AZ
term N,~We wiincss te :, ,rsr' ho,d - ~ Gu n
~ ho,fo they did gold 100 former experiences "
lie nrtute
rmg CrRRrNCr
srstent to The most c.-uel Oboe vcr III At n%9cl' %
iss,t,lnate trade of hc coun r., during tho f,li
tS.a e. 29 alas S'S s S,aScc is 81 & SFo Ia VIII our
systcn me s'unun In inc country r,n,'ns rs ,hr 'snr
iion OF al The tutplus cAn9 ei me S1un,!y IN ir"
Tcmp,d thereby nv on,rs u tct,,l On cali oln, N.
tetes bong paid, TIN surpu, cgpi'a must arn iie ~
/, cannot be lGan,d, 'nN IN part AZ hcst. 10
hcnce. no matter how much currency tetf
inishl ne In the c"9u.p y wonld Or sh.'f,gg1' ,g'
genc, rrd dls,-,crs would he recurring WIn N"
u' tSS a6ce 5'iG 10 GS ooi4ndd H % 6r ard SS to nat
possible prevention o. fnt Use ~ uihrr ptos
money Ia s"css and utngr -p,ccs u ,pccu,tl"n u"
trc,ril thc at'er. lt sem. to m INT "" krfI ,.,p
ISG II, "i , ' ,ht. ssnI 'bbS forrls tD,n
into 9, ,sumpuun. tauu.ntt !Uu only ia lrg ten
dcr not tor ihs vu,po'c wo.l sut t-cd ne c't4n.
secure the former many plAt. Saw nten sugsr.irl'
on TIE one h'nd ~ cunucliue tnc G"yctnmc.t on r.
",n", nnI to pay .n,n. fra. of the PonunirS otrirs
..urn . ~ ,oar n.,a'raton Whether t6. d licuV
q
,hc r.ur' tc-.g' a. am tinr to "a 9l name' 1 M 81
.r m M ,'gr ' ggT r%n, g & upgn ,@t a ennA. an an
rmounl of uoNeriment nonds tpuh TO H. amount ~
notes demanded t4t hanks 10 turicit 10 inc Tor n
bond. 80 pied .ed lpru; ne nm iey Trmsln Nlth Tho
b1ad. picdsed 70 % be ' rSdetm,is by The GS5G. a,
tneIr plc'.uie' sLaer IN Slo ~ IN Iart Dl t,turH
equal to tn face u tn. nonds withdrew | would
.H ,a,ens 'S Sa,Sna iSHt bas. ''d'1 10 amnh @ Hcr
81. ge Esur"s y sSSlIs,Ss so for nj, sHI
he "i ,tIurred In yiss II the srcst actual con.
,rscto nst has taken place ne currency and ne
comparative contraction continuously soing on Az.
.nd ~ Ihe ndu,'te: DO roy bss,g tnei iher. is TOO
deed. II Gearing houses 'hould be establish d. thu.
e'n rGdcnpu.p, s 4neto6 m i21 yG"t 5a
,nG ~ VA garas noE Snred g? sccar. 6i Go,drr.
,sy nsny 81 tns ra Ss ny, & M &
rcsuwp' e specv yuens, i0Vlt" your attention
f5a rleSa q q S r,S I
Whole II OF 10, !".1 'vF,-' sr't-iit- upSI "
necrd d'i.h on Ine Gearing 'h- might have Ia pr .
inpor'. u give It my po-i.n, recommendation. but
your i't'nHou is iI' LED Il" ihe subject
MoRs Mo>ry StrptD.
nas n, q. .s s9Trqy "a a. ne" ~ 80 sG.
scrilnta',,. coppou0l ,utyre-t tc' red sct.rusry
,Sos ,SSS , ,c. o., @ ., ,ar.r ~, ne ,,n. ,r,, To-
the - .rn 90, -.,n.tnrrc niru.s # d'lti-. ia nc
IT, % M 1' c.-r,i IRE u' m sspps,5a P-i ~
the c. alty nas llrf' y INCREASED Mo-c th'n twc''j
IN ,hr' ,c H a. 1i capital % .. .rr,tr 6y1. 0hioi
Saln S e5 s s To o',y o, ' s 'IsS paa t. t.
lsvY NUT p'. r"i onn a. pre-, ich "a lle "a r rc i
~aIcs id t..'', pS' cr' Of mai | III pro6a'j'
sne cis ..lirg o, irr labor IN - : l'h
Sf sb% ,Sr S .a,t -'G'' "t ,,'as. '' bark s rr,S VI
of such " - d. clr~"i ~ tc poe .u or B.. .facI
yn np q, t' ,., ',,g, ,,g. M, t"N "Nif' yo,,.n,
t" t6p tn.'. ',ir.,.' ~, A. .t,Iif! '"5 II b
ciasi O." u.r cI.rr.,y ~ BE-. .nl'.yri =, r. .
a"'u at On pe, m uc re,'u;,p,,oq of ,c'ccgg
~ .uf. .. u o.. Irr,-., .t4 o.. C'.-- ~ pH '.t
ri.t.. e.. u'..r SOD, euo c'rr Iirir n-.u l} .t
~, G'.' '.Hrr. .N"t' n.l} ?''1 of .no iH
e."'" ,,sc,yvrr,r
tin 30 - d.,.-c h.rr.,u ,'pbUtts
c.of. to T.. .o.r pngo,iio, ot ,pr cary qi ,r-ae
ia- ", ..ti o..r, 1.S i,- be, 'in irr'c,., 'i
ahou' "a, p,r rrUt iu o.. sYuuLi Transported t
Amen. 400 sr.-ri. over I.r amount II last wear Nit
10 q, t.rr st COL lat,riil Sac Aas tIt,u pltr. ..
tnas t-t-r !t.y ne hope. flaf fhi. prosr--- pI rt
faaut .u i. ruu even NOR asti H4le,cr, us at pA.
eis transp lra lu oi ,ur .trpIus pro .utt- 60
market thus intf,i-lu. tine h1laUrf Of tsade AKA Or
Us a. lis amount. me subject IL one ntr Ia,
Df your serious ,lus Ia, r uh. cap transportation
4. ii O. ihat La, -tfa,t,d me ttirl non OF hDtl
pr Idut,r, ud clnsu ftr fuf fAr pa- fsa years ai
has rttUtsd tn 4 tha. a. h.ru la. rect eau,
oil o., cont PAM ud -ti - cy ~ oLgrt.. nj II,
sst srf. on appunt.ua ,Y,,al ,omLitter to nyrs't
gate this Whlc subject during tA, yation ana poi
snsir rcnor, s Icio 'Tt.I' IN b,,acy"r Ave- Of
Iatiou,' ci raci,r which th, ma rr Dor, ION Of 1 i
al .td m. .s thc Nnr,r md thr Souh srr nunii,
4 itrf,,ttL 10 which 1 VIII lu,tte Nour attr'tion
'The , ATE OF New Yorh has canal connect
i.v Ike Irie vh lde water ON Ia,
EIdson river ihc stat. al Uir,,. as similar sor,
iu'Ini. river t.ur uinelne ..trI communication In
I,nd b TIVE n IA Eat and I 4 Wo.i md -nuih Thrs
eat artlncnl vster rnlr,t. are tho prourt'y of N,
EtaIe- throu.h shch 'h.y ,l-s Yud nav tn0 10 tho-
thrse St.e- AT n lie, III pp,u f sp mails Tor NJ
Ss.. re nj rs, vessel. the General t.o, efnlu.lt II
tnol sfcr anf Lssn IN naylpnhr udliion IN, rrrt
punl, la slv,ys "a IN vIirn tb., ronuecf 10 " 1
shs fyrT.isugh on thc Hudson lie II ARE Gat,
mi n.y. No. d " " s's.iinI - rHersS IN, wouii il
ths Il al ami sotth u i,y nc n ~ fhenf ,ran,prtl
I'm ,, .H.ir nr,dnr, ~, Ia, %, hn.rI .nd m,rk of
.na IN nn .uf.f. IN n . al ia styy Ihe1n ir.
So arttrniap ~ tn,'., ,rl,riss ~ fnd "a bir A
nj hnT a f0rr'yn tnar, 1 AMI III. ur,r, of viii
sbsr.fnrr are MI r1,u"t,'i a., ftpritr d,I,.nd M
.nY1r,,,, 20 ',c, ,'-'. ,,s ,,, 81, ,i,u. a, ,,
Nam sli,nt re suitect 10 ,ni n,.r., p, it, ~ ~