Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1874-12-08
EASTERN DISPATC HE'S.
By Overland Telegraph.
ESPECIAL. no THE DAILY SENTINEL
What the Presi lenCs Message will
Contain = Sone Sensible SuS.
yeSiious from the Secretary Of
the Treasury.

WASHINGTON. Dee. ..
The Presidents message is not We;
quite completed, owing to delay in re-
ceivin- the report of the District Of
Columbia Commissioners. reference to
which will be added 10 the message to-.
morrow morning. Although he Pres
ident has shown the message to no
other person than members of the
Cabinet and copyistS, there is the best
reason tor believing 1t Will contain sub
>lantiallF the following points: There
is no doubt the message states our re-
lation> with all foreign powers are
friendly and without disturbance.
though there is an unsettled question
with NeneZCela. which has not We:
paid the awards OF the Join. Commits
sion under the Conven ion OF ISIS.
Congress, j, will be reco.letteI, 5 ronglX
expressed its sense Oh this subject IN
February. lS73. The President. i'll hi>
message last December. said there va
reason 70 believe the he>ilaney of tina,
Republic to recognizing the claims
sprung i'll part. at least. from real
difficulty in di.charging chem in con
neelion with its obligations To other
Governments. and therefore further
forhearance on the part of our GOV
rnment was believed To be worthy
OF the consideration of Congress. In
addition II Venezuela. we have unSe-
He'd questions with Spain. growing out
OF the affair OF the NtrCinlu~, and other
grieNou> Transactions on the part oil
Spanish au horl,le> in connection with
events IN Cuba. The sum of the of
lenses has not been reduced since the
Presidents previous message a veal
age. This Unsettled condition of affairs
in Cuba can not long continue. Il
may become Necessary for other ma
lions. with our own, to Interfere. to
terminate the instruction which has
so long prevailed.
The President in conversation, al
though he does not state the fact in his
message, says the United States pur
chase about 50 per m OF Cuban X
ports, and therefore the duties held by
American citizens contributed to this
extent in helping Spainto continue the
war against the insurgents.
The position OF the President on
finance is positive, as follows: Not.
outstanding former speculationS OF
those who spoke without authority, Re
desires and will recommend re>nmp-
ton of specie payment at the earliest
practicable day, but does not believe
this can be reached sooner than the
first of January. 1876. He does net
name any day, leaving Congress to de
wise mean TO secure this desired end.
and. it being the duty of Congress to
do SO, the legal tender clause OF the
Currency act should he rrpeale !, To
take effect as to contracts made after Il
day to be fixed by law; power should
be given to the Secretary of the Treas
urv to obtain gold from and after the
date fixed for the resumption OF specie
payments by the issuance OF bonds. In
addition tothi> the revenues oitie Coy
erntuent should he in eXce> Of The the
expenditures. 70 support resumption
great economy should be pric,iced in
all departments of the Government.
and if necessary customs and interna
revenue la rs should be chan red in or
der to secure a larger amount Of rev
enun.
The report of the Secretary of the
Treasury recapitl1te> transactions
attending the retuEding of the deb,
that successful bidders take all firm
bids and hold options for the rest till
February first. TIE Sinking i%an j.
over twenty million dollars behind.
The Secre AIRY nOt only takes stronu
grounds in iavO- of specie pavnenl
but sets forth a definite plan tor reach
ing the same. He recommends the
repeal of the legal tender act AT "A fixed
day, a to contracts thereaf er ma Ie.
and except as to official salaries AMI
the ordinary expenditures of the Gov
eminent un lersxi,ting appropria ions.
the Secretary recommends that author.
itv he g Ven for the iinnledia e issue of
convertible bonds bearing Il low rae OF
interest. He asks that "A day may lie
fixed Tor the resumption OF specie pay
ment, not more remote than three
years; al the end OF that time the Sec
rotary 10 be authorized to
raise gold by selling the bonds to
such accounts as ma become nece>-
sary from time to time to keep the
Treasury in a condition to redeem the
greenbacks. 1t is also recommended
that the fractional currency be replaced
by silver, and to accomplish this the
Secretary desires To set all the minis AT
work coininr silver, and that As rapid
Y as i. is praluced the fractional cur
rency to be recall ed and DESTROYED, ae-
ginning with the smallest %deNoniina-
tons. The Secretary also asks that
the coinage of gold be made free IN the
United STATES, as in London. in order
TO prevent The expectation of bullion
( for c%Oinape.