The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1874-12-10
THE MESSAGE.
The Presidents Plan for an Easy
Resumption Of Specie
Payments.
Our Foreign Relations, Home AZ
fairs, Reconstruction,
Etc. Etc.
WASHINGTON. Decemher. I.

WASHINGTON, December !.
To the Senate and House OF Represents
tiycs:
Since the converting Of Congress one
wear ago. the nation has undergone Il
pros ration in business and industries
such rs has not been Witnessed with u
for many Years.
Speculation a. TO thc
CAUSES or THIS pRoSTEtTIoN
Nigh be INDUCED IN without profit. be-
cause a. many theories would be adj
vanced a. there would be Independent
writers. and those who expressed their
own views without bearing upon The sub
icct: and without INDUCING in theories
as TO the cause of Til, prostration, ! Will
openly call your attention 70 the fact. and
one question n 10 which 1t would seem
there should he no disagreement. Dur-
ing this prostratiOn two essential elements
of prosperity have been most abundant.
labor and capital; both have been largely
unemployed. Where security has been
undonbted, capital has been atlainablc at
cry moderate rates. Where labor has
been wanted, IL has been found in abund-
ance at cheap rates compared with what
II the mecessaries and comforts of life
could be purchased with ti.c wages de-
IHauded. Two great elements of pros
GRITTY. therefore. have not been denied u.
) third might bc added. our soil and
climate are unequallcd within the limits
of any contiguous territory. under one
nationality. Tor its variety of product 10
feed cloihc andpcoplc and IN thcamomni
of surplus % spare 10 feed less favored
people. Therefore. with these fact IN
view. IL seem 10 me that wise staicman-
chip al this session Of Congress Wmtlf
dictate ignoring the past and directing IN
the proper channels these great elements
al prosperity 70 any people. The debt
abroad j. the only element that can. with
Away a sound currency, cutcr into our
Affairs 10 cause any continued depression
in the industries and prosperity OF ON
people.
THE TINASCKs.
4 great conflict Tor national existence
made necessary for temporary purpose.
the raising of large sums OF money iron
whatever source aIlainablc. u may b
necessary IN the wisdom OF Congress, an
do not doubt their wisdom In the prem
ises regarding the necessity OF the time,
20 devise a system of national curreuc
which proved TO Dc impossible 10 koe
on par with the recognized currency q
the civilized world. This bcgOt pin
of speculation. involving m extravaganza
aud luxury not required for thc happi
mes, aud prosperity of people, AN,
ANhNilirs Dpll uiIt'AlA diil AuNlltlA
foreign indebtedness; the rrnnc, brin,
of calculating value. Therefore unsafe I,
hold for Legitimate trali,aciiOn- rcquiiu.
money, became y subject Of sppculuinl
IN itscit. These two cau-",. however
have involved a. m a lorcinu indebted
ness contracted la goSl iia, by be-,
rover or lender. which should D. nlid 4
coin, aud according 10 The bond aoris-
upon when the debt wa. contracted. gpl
IA oil .ttf D. q
government caunut be Violated toward
creditor at national disgrace, Our con
ncrce should be cucuucrgCd. Amrri "a
shlp-bullding and carrying partly ii
creased, foreign markets sought for pa
ducts OF the aoil aud Manufacture 10 III
end that we may BE- able TO pay Die,
debts where market can llc created f.
The sale Of our products, either ofllic 80,
The mine or the nianilaclpry.
A new means is discovered of utilizin
our idle capital and labor TO the adNal