Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1873-12-03

~ i'''''''s W l"'naic ana report 10 tLis 49,
better method Of ccrlnp the prc';deooo provide
President Of the United States AL inu ice
TIC necessity Of such an amend,noni G. 2 IRON
will be submitted 70 the State Togisi ' ' There
ratification such nn improvement in w, l0r
sutGtlon' suggest two others lof VIM, o1h'
S'ur con-
First-To authorize the Executive
ll 40 much Ql any measure PASSING ,''oe
Houses Of Congress, ms his iudemcnt r .nu Two
tate, without approving the whole ua} ulc'
proved portion or portions To he snli io gl'ap-
tho same rulcs rs now, To wit To bo roeI 70
back % the House in which tho n,'vlIel
measures originated, and il passed bv ,uie on
thifds vote OF the two Houses, then In NJ
\ law without the approval Of the pr.si5.uI'e
l would ada To- TINS q provision that nv.
should be mo- legislation by Congress d,si. tnefe
last twenty-i1ur hours of its si,,in, w lhe
upon yeloos, in order To give the Evecn,t. A,'pt
opportunity 20 examine and approyo ~, Ah
prove the bills understnndingly.
Secund-Io provide hyumen1mept HAT.
an extra session OF congress is convened ~. W."
ccutvc proclamation, legislation dnr;n3
continuance " such extra session shall ''
fined 90 such subjects MS the Evecn,i,a .'h'
bring before IL from time to time In with, o1ly
rnEAsrsY DEPARTMENT.
lue receipts Oh thc Government from sn
sources lof the ilst hscal yenr we're S333 M
sul' ana expenditures on all accounts, s21o
showing an excess Of recent.
over expenditures Of Sl3 ,302 g59 Betj,ps
not probable that this favorable exhibit vii, s
shown for Tie present fiscal year. Indeed /,
very doubtful whether, except with rrcat c..,
0my 300 thc part ol Congress IN MAKING 49,.
lllHU DIS unn one same economy 100 admins.
trflng tne various departments OF government
the revenue wan not iall short OF mectneacirsi
expenses including the interest on Gle pniIU
debi- commend 90 Congress such ccln1my
and point put TWO sources whore, 10 seems T.,
me, 70 might commence, 10 wit 10 the AMIN,
pr'ations Tor pgn.ic buildings IN the many
cues whefe Work nag not been commenced. IN
the appropriations for river and harbor I'M.
J. ...'.,,-'.,,, ... rl..,lt,,il Nnefe The im-
Commerce. and FIR ftrtifcations NJ, Eeosral
still moro fruitful source N cxpcpditnrc N, N
! viii point ou. later Ina this poss,oc '"lyn
90 the method az mnnuErturipr ci,,,,i
l,..e- incurred in g1unrc.sin,, tbni .it,. ''r
| appr.ye of the Government our.,.,
huHdirr. In nm sections of tbe e,,,n,r, @
hone the dnv 8. not n,r distant sber b., ,,;ii .Dt
only posses. them. but win eroot I'm ti.. ,,'i.
suitable residences forall ners0us wIo r,v,
coivc communication or quarters or r.,,.,
Government cyron-e and for tho C,f,,,s, 81.
setting ma nyample to tbe States vb,,j, ,
induce Thorn M ereet bnildinos C,r .Lct- y...,.'
tors. hnt ,rauld hayc tbi. ,,rt c,,i'...i..
ID time when the revenue. of Inc ,n,,rtr, ,,...il
abuudnnty insiW b.
The revenues have m,tcri,llv fallen rr-
the first five months Of the present G.,al ga.
from wlnt they gerc cypccted to nr,j,r, ~.
inc t1 thc GENERAL mimic no,y rrsrtilir., ,rt.t
commenced uf1Yt fle middle .r ~la,..i-
h,f The fan cH-tt ID Mi. di.n.ter r..
Should r1t prlve BOG. Llc--io, in g,..,,,i.o ., .
sctto Doc ds.nYn.tr,ipl Ia either avon, b. b.
t.ur dur a hood tle lesson md proy,l, t.
wise nrd ,,.u considered fegi.l,titn y,
nsit lie. boa .yo.- r.r,r o,,i,s. H.. -c.',--.,..
and tattkc.f,,tt,,caf lil t.e,oii,s ,i,.,,...
have secrnod
'''- '"' 1AN
My Uwn Judgment j. That however much In.
iiyduoIs may have suffered, one long step Dos
h0cn taken toward specie payment chat We
can never hive permanent prosperity until
specie haeis is reached and that n specie has'.
cannot Doe reached and maintained until uure1-
ports, exclusive Of gold, nay Tor oar Imports.
interest dine abroad aud other specie obligations
or SD nearly -1 is t1 leave no apprccmtle ac-
cumuatouu 40 thc praDiaus met8l. in the coun
tu from thc products NJ 0ur own mines
THE development st tire mines OF pfocIul.
metals durin, tbc met ,esr. and the nr..r...,.
i've devrIaprnrut "a them for wears IN 6orpe ara
gratifying ia their results Could One bolfof
the r-ld extracted G.u the nines IA, r,t,ir.i
at lome. our aJyaocs toward -nsc,e povnept.
would h. rnoid N, irr,o,.,. ,.nr evr',rts en-.
fcient currency 10 --inireJ to ke,n slf no in
,lp.tric.o f tine country ennl,ye,l ,,;iL,ns ii.-
national as well a- inii,iiaal bankrnpte, mu.t
eusuc. Undue Intuition IN tho other hand
while IL might give temporary relief woui
only lead o. imitation of prices Thcexect me-.
dium Is suecie. tle rc,ognige3 medium Of cr.
change tic world over that obtained we shall
have IA currency ofnn cxactdegree of elasticity
II there be- TOO much of il Tor the legitimate
purposes oi trade and commerce il viii Bav
out VI the country, il toolittle the reverse will
result 10 hold what we have and 10 appreci.
ate our Currency 10 that standard is problem
deserving og tho most serious consideration of
Compress
The experience OF the present panic ha.
proven that the currency Of the country, based
MS il Is upon the credit OF the country, is the
best that hos ever been devised Usually in
time, of such trials, currency has become
y, irg,,e c , ",u'' u,', ,b 70 ,ulue a.,
lie. as COMPARED with The currency
IL j. patent ~ the most casual observer Aha,
much moro currency or money is required 4,
transact the legitimate trade OF the country
during the fab and winter months when tbe
vast crops are being removed than during the
balance of the year
With ur present system the amount ia die
country remains the same throughout the en-.
tire year, resulting 90 900 accumulation ol al.
the surplus capital oi the country ia a few
centres, when not employed ia the moving u
tho rran. tqrnpt.d tt.relt, l,, "a. "a -