The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1873-12-03
BY TELEGRAPH,
Exclusively for the Register.
BY the Pacific and Atlantic Line.
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W WASHING TON.
Synopsis OF the PresIdent's Message
TO the fOrIy-thfrd Congress.

10 the fOrly-thfrd Congress.
WASHINGTON, Dec. 2.-The Presi-
dents message opens with a reference
to the events Of the past year, as g
period OF great prosperity, marked by
the financial crisis and the cessation o.
partizan strife; the seizure of the Vir-
ginius producing for q time universal
excitement. The Virginius case is
happily in the course of honorable
adjustment, and other Foreign relations
are friendly. The Vienna Exposition
is referred 10 as gratifying to American
inventors who received medals and di-
plomas In regard to finance the Pre-
sident submits whether the treasury
might not issue at any time, to national
banks OF issue, any amount OF their own
notes below fixed percentage OF their
own issue. say forty per cent, upon the
banks depositing with the United States
treasury an amount Of government
bonds equal to the amount of notes de-
manded, the banks to forfeit to the said
treasury four per cent of the bonds SO
pledged, during the time they remain
with the treasurer as security for the
increased circulation. The bonds so
pledged to be redeemable by the banks
at pleasure by returning their own bills
in circulation, to an amount equal to the
bonds with the Treasurer. The Presl-
dent further recounts that the banks be
authorized to diminish their outstand-
ing issue at pleasure, by returning bills
for cancellation and withdrawing the
bonds pledged for the bills returned.
The President refers to the continued
coutractions OF the currency during the
past four years as being due to the growth
OF population and the building OF many
miles of rail roads. Attention is invit-
ed TO the postal telegraph project, but
without distinct recommendation. lie
also urges general amnesty to rebels as
beng now perfectly safe and productive
OF more rights for the freedmen. An
enabling act is needed to admit Colora-
do as a State. Some progress has been
made in suppressing the Chinese coolie
trade. The Geneva awards have been
paid by Great Britain few days before
they were due. The recommendation
is renewed for 8 Commission to audit the
losses inflicted by the Alabama, Florida,
and Shenandoah. The settlement OF
the Northwestern Water Boundary
question is referred TO the action of a
mixed commission, appointed for set
Ting and determining the claims OF
citizens OF either power against the other
arising from acts committed during the
period from April 1861 10 April 1860.
He farther recommends legislation to
create q special court, TO consist OF three
Judges, to hear and determine all claims
upon the United States arising out OF
acts committed during the rebellion.
Reference is made to the Dutch Achi-
nes ewar and the neutral position as
sumed by the United STATES.
Referring to the establishment OF the
Spanish Republic, the President says
it's existence was iraugurated by strIk-
ing the letters from slavery in Porto
Rico and the raising of ten thousand
persons held as slaves, when the Cap
tain General was deprived Of the power
to execute his orders. Havana has
thus far succeeded in defeating the
efforts OF liberal mep in Spain. Under
the Professions OF Loyalty to the mother
country, this element is exhausting the
resources Of Cuba and doing acts at
variance with those principles Of justice
and lberality which give nobility OF
character 20 q republic.
The case OF the Virginius is then
stated AID the Senate resolution OF 1898,
"Th.t American vessels on the high
seas in time Of peace, and under the
American Tag reunGer the jurisdiction
OF the country to which they belong, and
therefore any molestation OF such YES
sells is in derrogation OF the sovereignty
of the United States" In accordance
with this principle the restoration OF
the Virginius the surrender OF tbs sur
vivors; due reparation to the
flag and the punishment OF the
entity authorities were demand
ed. Spain has recognized the
Justice OF the demand and has arranged
for its immediate satisfaction.
In taking leave of the subject
wish to renew the expression OF my
conviction that the existence Of African
slavery in Cuba is the principle cause
of the lamentable condition OF the Is.
land. | hope it may soon be made to
disappear and that peace and prosperI-
ty may follow its abolition.
The President recommends an amed'
ment OF the method OF electln g IA
President and Vice President OF the
United States. Also an amendment
authorizing the executive to approve oi
50 much OF any measure passed IN Con-
gress as his Judgment dictates without
approving the whole. Also an amend
mept that in case ofextra sessions only
such business shall be brought up as
the executive brings before Congress.
Discussing the report OF the Secreta-
ry of the Treasury, the Presldent rec
ommends to Congress economy. lie
points out two sources to commence
With first, the withdrawal OF appro-
priations for public buildings in many
cities where work has not yet been
commenced, and in appropriations foI
river and harbor Improvements, for
euch as are OF little benefit to genera
commerce, and for fortifcations: A
still more fruitful source OF eIpenditur,
will point out later in the message.
refer to the easy manner OF manufsc
turing claims incurred in suppressint
the late rebellion. He approves OF TIT
government owning its own buildings
and hopes the day is not far d'stan
when it will not only possess them, bu
Ill orect in the Capital suitable resi-