The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1873-12-19

the country, recommend that il be declared are
serve Ia be issued temporarily when the ordinary
demand upon the Treasury shall require A., anG
In pay ment0 such demands and Tor the rcdenp.
ton vi IN sctiona currency, thu amount SO issued
10 be rtturntd 10 tbs reserve as soon a. the condi-
ton Of the Treasury shall warrant a, and that the
purchase bDnds shall be forbidden SO long ~
Inc outstanding Unit Il states notes shah exceed
the min mum liked by the act OF February a. l>t,.
believe that such reserve, - restricted,
would be a proper anu r,Asonahi. protection
OF the country might temporarily be diminished.
and would give no reasonable caesc 10 lear per-
manent imitation.
ENPORTS AND IMPORTS.
After giving some statistics showing the
amount OF the expectations and importalions
during the fiscal year ending june 30. 1873.
the Secretary SAYS that for some months past
the exports have increased and the impoTta-
ton OF goods has diminished 10 such an eN-
tent that the balance of trade l. IN favor Of
The United States, aud gold and silver are
flowing into the country At a more rapid rate
than ever before except in the year 1851. lie
SAYS that the increase of >hipbuiGing in the
country j. decided. and thinks that IN view of
the high price of 'rOn and coal and the recent
advance in the cost of labor in Europe, to-
gether with the demonstrated superior tensile
strength Of American ship plates, there j.
reason 10 expect that thi, branch Of indus
try will make rapid strides Of progress. He
adds:
Nothing except a sound financial system, is
more important 20 the welfare OF the country
than that OF turning and retain ing the balance of
trade in favor OF the United states, by healthy
stimulation OF the Agricultural and manufactur-
ing Industry Of the country, the reduction In the
cost of production At home, and of the transpor-
tation OF merchandise from the Interior 70 the
seaboard, and the building Of ships and vessels
to do the carrying trade, now mostly IN the hands
of the people OF Other countries and no legisla-
ton should be Neglected which may assist the in
dustrious people OF our country IN attaining these
most desirable results.
With the balance OF trade in favor of the United
States return 10 specie payments may be easils
reached and when reached may be maintained IL
such wise financial measures are adopted a. Will
prevent oyertrading cNtravagance, and specua-
and only well-directed and prudent enterprises
conditions a. essential 10 the prosperity OF ma
tione as TO individuals.
After giving his reasons for the revision and
codfication of the tariff laws, the Secretary
especially recommends the repeal of the tom
mage tax on American vessels. and the enact
ment Of new laws regarding the enrolment
and license Of vessels employed on the inland
waters Of the States
MARITIME CONSIDERATIONS.
The application of the navy pension laws 10
the officers and seampn of the revenue marine
service and the adoption of "A system Of re-
wards in the form OF medals of honor to be
given for notable acts Of bravery 10 keepers
and crews of life-Saying stations are recon-
mended. The Secretary also recommends
that the erection of public buildings should be
limited TO such "a are imperativey demanded
by the necessities Of the public service. and
where suitable temporary accommodations
cannot be provided ~ a reasonable cost.
The report concludes with a recommended
ton for further legislation in relation TO the
Louisville and Portland Canal.