The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1874-12-08
The pres,aeu,,s Message.

NHOle III Is uOCulncnt WHICH Will dttTaCl
the attention OF the thoughtful men of all
political parties, and will be more extern
sively read than any of his previous mes
sages. The people have been looking with
great cagerness for the views of the execu-
tive upon various questions, especially up
on finance, and will be grathed at the de-
cided tone and sensible suggestions relative
to the monetary affairs of the country. He
is certainly to be commended for his frank
utterances upon the question of the re-
sumption of specie payments, repeal of the
legal tender act, and free banking. The
financial portion of the message cannot
fail to give satisfaction, as 1t indicates that
he has not wavcred in his opinions or al
lowed his judgement to be warped by the
Western cry of initiation.
The message opens at once with the
great questions of paramount interest to
| people. Fully comprehending the pros
tratlon OF business and It's causes, and the
necessity OF the revival of the industrial
prosperity before permanent relief can
come to our depressed condition he dis
| cusses the causes of the rational debt, and
| the speculative tendencies naturally flow
| ing therefrOm, and arrives to the conclu-
| sion that all conservative men have long
since reached that our debts must be paid
in coin, and that encouragement must be
given to the foreign trade for the sale of
American products 20 pay our debts.
Among the first steps must be the creation
of a sound currency in which the people
and other nations shall have confidence
based upon labor to produce it, to give it
permanent value and considers expansion
to be virtual reputation. He believes cor
rectly that no permanent or prosperous le-
vival of business can be attained until II
sound currency is established and lcgsla-
ton enacted looking to a specie basis.
lie lays down the proposition that every
days delay of the preparation for final re-
sumption partakcs Of dishonesty, and our
plghled faith can be redeemed in no other
way than full payment of our obligations
as stipulated in the bond. He suggests
that the present Congress has the power to
devise and enact such legislation as will
place the nation again on the high
way of prosperity and save the
credit of the country. We are
pleased to see the discussion of the rela-
tons of capital and labor, and the express
sion of the fact that the great burdens of
prostratien fall most heavily upon the la
boring men, who really produce the wealth
| of the country.
This awakening to the labor question is
if it is not now, be one of the vital issues
| of the hour. Bread men must havc, and
the adjustment of the finances is one of
the methods by which employment can be
given to labor, and the workingman en-
abed to procure his bread. 1t is hoped
the condition of the workingmen of the
country may more seriously attract the at
| tcnton of the administration and congress
than heretofore.
The recommendation of the repeal of the
legal tender clause of the law authorizing
the issue of currency by the national govern
men., as well rs the suggestion of free
free banking, we believe to be in full accord
with the sentiments of the masses of the
people, and takes away much of the thun-
der and lightning of our democratic friends
who were to make this the basis of their
legislation when in power, to remedy the
existing financial evils. The president
evidently considers that the experience and
judgment of the people can better regulate
the currency than the spectators of Wall
street.
Our foreign relations are reported to be
friendly and cordial. The Belgian treaty,
our relations with China, and the intention
to be neutral in the China and Japan con-
trovcrsy and the social status Of the China
men in this country are briefly discussed.
Our relations TO the japanese, and the pro-
pricty of educating the youth of that
country for useful purposes, are presented
in manner that must indicate to that gov
eminent the interest felt in the progress of
her civilization, and our desire that her
|
speedily ended, as a means of the pro-
motion of her best interests and that of
sister nations, who have watched with pride
her efforts to be ranked among the civilized
powers of the world. The annoyances OF
Mexican mauradcrs are treated in perhaps
too light manner, but the difficulties OF
their suppression are plainly stated. The
Argentine republic, Venezuela, Cuba
their intestine strifes are each given pass
ing notice.
, The president calls earnest attention tc
the subject of fraudulent naturalization
recommending further legislation to punisl
itsincreasing evils even to the cancellation o.
ther ecord of every naturalization made in
fraud, to the end that the well-intentioneC
foreigners who come in good purpose t.
| reside and become part of our nationality
i may be protected from any obstacles tina
may be in the way of Their obtainment o
citizenship.
8 In considering the report of the secretar,
f of the treasury, the recommendations ar
n fully endorsed as to economy of appropria
4 tions, and the restoration of the tax upol
n articles, where the abrogation of the ia,
!, has worked no benefit TO the consumer. !
+ readjustment of the tariff so as to increas
y the revenue and decrease the number o
. articles upon which duties are Levied. Espo
v cially in reference to fine woods and tn
:, articles that enter into their manufactur
r which we do not produce in this coun
4 try. The recommendation of tn
q free importation of certain woods wi
n meet with vigorous opposition iron
q from the wool grower as detrimental t
n their interests and as advantageous to tn
uapnf,ot,,rar Tho rpnorfa of thp secrf