Evening star. [volume] (Washington, D.C.) 1854-1972, 1874-04-07
IELEGRAMs 10 THE STAR
THE NATIONAL FINANCES.
GOV Dfx Sounds . Note of Alarm
Heayy 0hOa at the lo0atton psitey

ALBANY, April T.-GoverDor Dtx, IN a me-
sage 60 the legislature to-day SAYS. 81 deem 4
cue 10 the interest and honor OF the state 30 csu
upOn you, a. lite CT o~en Representatives, 20 take
into consideration the propositions before Con
gress In reg ard 20 the currency, though tmms-
ture and requiring the concurrent sction OF
10th houses 20 give them the validity OF In ~.
They have, nevertheless. received In each such
partial sanction - 20 excite serious alarm ~ 10
the result. In my annual message In January
last expressed the earnest hope that the paper
In circulation issued by the government would
be curtstled, and that early steps would be
taken 20 resume specie payments. I did not
anticipate that - extraordinary proposition
OF tnnsting the currency, by adding % the out
standing legal tender notes, or by author
tEng q further issue OF national hank pa
per, would be seriously made. Ia view of
the purpose which has been indicated 90
enlarge the volume 81 paper OF both descrip-
lions, and 20 rerudiate all attempts 20 re-
establish the standard OF specie, q Iolicy, - 4
sincerely believe, trsught with Widespread ruin
TO the industry Of the country. and with immi-
nebt danger 20 as credit, invoke yOur inter
position 20 contribute all In your power 20 pre-
vent its adoption. Your opinion, representing,
a. you DO, more largely than the Legislature
OF any other state. the financial aud CONNER
cial interests OF the union, should carry with a.
great weight. The nagrsnt injustice OF tie
proposed measure Will be more apparent when
YOU consider that, it adopted without repeating
The iegal-ten act, the results will he not Ouly
TO &c precisie the paper currency still further,
but 10 compel itr acceptance In the payment at
The debt, thas openly violating the solemn y
proclaimed pledge OF the government i've
NtArs sgo e. redeem it, notes IN specie
AZ the earliest prscticable period, impairlng TIE
othgation OF the contract, and cOnsummatlng
what the constitution prOhtatts - the srztss A.
an Ect OF moral ami political turpitnie. To
degrade the currency and ~ tae same tim. 4,
cofppel The people to receive tt a. EQUIVALENT Il
specie would be the most tyrsnnicai exercise
ana abuse OF financial power OF which the
eoNeihmen III has ever been guilty IN
respect, eIthcr under us moral or tts
PRACTICAL effect from degradation OF the
standard of specie by an adultcration OF the ma
uonal coin. Five wears ago the sense OF recti-
tude would have reyolted At the suggestion of
such an act OF pertdy, but a persistence in
wrong and injustice rarely fail 60 reconcile
further wrong, 10 the thought hrst AID 90 tue
purpOse afterwards. IL squirting away AL
teachings OF history and trampling under 10 u
oil maHims OF political Justice We
adopt policy r. fraudulent IS IL IL demOrAl-
iZing, our successors will look back on or con-
duct with humiliation and shame. The mil
liont OF deprecated and uredeemsble paper, AZ
itsued Ne proposed, will, by = law Of distribu-
ton which no human power can control he
into the city of New YORK 10 uphold and stimu-
late stock gambling, TO glut the channel- OF in
oustry, embarras all honest transactions OF
business, and cause reactions In the various
departments Of labor. by which the working
classes are thrown Oft of employment and 10
shake TO its foundation the fabric OF the public
credit. Against the introduction of such an
instrument OF GishOner and calumny we should
enter our solemn protest, A. We would against
any other food o; Contamination. 1 speak
with a clear understanding OF the force OF
NY words. I believe AMI trust yOu will
concur with me In the opinion that the emer-
gency demands the plainest aud most emphatic
language.
1 therefore recommend such exnression ON
your part az may COMFORT with the dignity oF
the legislature, and A. you may deem due 90 tue
interests OF your constituents. am not With
out the hope that timely declaration
OF your views, TO be presented % Com
gress through the Senators and Represen-
t2uves from this state, may arrest the
torrent OF disgrace aud disaster with which
the country h threatened from this source II
your protests and warnings are unheeded, Won
will have the consolation OF rejecting when thu
eVil comes upon us, that no effort on YOUR part
has been spared 10 avert IL.
(Signed) JoHy A. DIX.