Middletown transcript., 1873-12-06

- ~. ~ 0'e9o eU-u5
lopos 5ooo65 GO ~ boGotry. n o6tn1.
|lsaasnt - oIsosio3 ktu6ss, ~ psskitl-
tise u p6yneat = lo(6sco6 - depoelss,
~ : Nv ttqi1iJoa ~ too1n - hsld
tkelr sssesves q okoif oWo voo1ls. ~ fss-
ehsr susosstsd = uso(&l uo1l1ofslens 81
H. pssssst sasiosal bsnhise ~. vith :
visw 10 - prevention of tbs - o. other
peoples monsy in stssh and other spssiss.
Of speculation" From all this. however,
Il 10 dificuIt to deducc any policy, or tho
suggestion Of . policy, which leads up TO
resumption, or even looks steadily in that
direction. Imitation 10 certainly net tho
road to specis payments, and the Presi-
'dens's scheme for i.partiug elasticity 10
the currency is practical and periodical in.
aation-.and nothing less. Il 10 idle 10
expect that any rotation Of the success can
bring With Il those periods Of alternate
costraction aud imitation which are 10
cause new bonds, asd new currency, TO.
flow from the treasury. like tho ebb and
flow Of q tide.
Next to that portion Of the messsgs
which treats OF financial matters directly.
perhaps the most important is that which
relates to the bankrupt law. Of which the
President recommends IL not tho absolute
repeal, at least the repeal OF so much as
provides for involuntary bankruptcy on
account Of the suspension Of payment
There can bs no doubt that the whole law.
and especially this feature. 10 susceptible
Of very great improvement aud needs
careful revision.
Ofthe topics that formerly occupied the
largest space in General Grants annual
messages We find in the present one a
notable dear,h. St. Domingo is only
alluded to in single sentence, where We
are told that that republic % has applied
for the exercise Of an American protectcrnic
over il. About tho Ku Klux, Louisiana.
and lawlessness generally there is no. one
word. A sentence is devoted 10 . renewal
Of former recommendations in favor Of
general amnesty. The Mormons also
escaped notice this time although additional
Legislation is asked for to enable tho United
States Courts in Utah TO obtain jurics, and
a restriction Of the Jurisdiction exercisek
by tho territorial probate courts is also
urged. The Recommendation in favor Of
an immense system Of civil provsmcnts.
to be undertaken o, the expenses Of the
general government. is not renewed.
BY a curious isfelicity Of expression the
President is made to say that chcop trans
poTotion "has contributed to, il it ha.
not been the direct cause Of. the rcccn,
panic ssd stringency. We suppose the
President to mean that excessive spec.
ulation in new railroads. promoted by un.
wise legislation on the par, Of Congress,
has contributed TO that disastrous result
bu, he does not say. lie recommends Con.
gress to undertake the care Of the Erie
canal and Of the Illinois State canal, upon
the condition that those canals should be
opened for general traffic. Int otherwise
dsfers any further expression ef his views
until the special Senate committee OH trans
portaticn shall have made its report and
recon aendations. One other exception
the President makss to his generxl policy
Of opposition TO further land grants by the
general government. Ii is in favor Of an
canal to be constructed across
the arid plain which stretches from the
eastern slope Of the Rocky Mountains to
the Missouri river.
No change in the Indian policy of the
governmen, is limited at. A quiuquennial
census is recommended Civil service
reform is again discussed as something to
be accomplished one Of these days. in some
uncertain and blessed future when the
rule" shall have been de Gni,ely settled
and for that purpose q conference between
} semmit,s Of Congress aud the civil service
board is deemed advisabls. Finally. 10 |
! single sentence and that tho last Of the
tho passage of'a Law to better
secure the civil rights Of the .scvly en-
is recommended which Mr.. SUM-
asr will probably think very insufficient
notice Of the subject. but Gen. Grant.
unlike Mr.. Sumner. is not q man Of one