Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1874-12-10
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b This document yias transmit Ted q Con.
gres. last Tuesday Il i quite brlel, and
very concise. vs shsll epitonises L q
IS Q enable orr readers g get "a small
space, the pith OF what no says. Tho
prostration Of business he attributca to
the fact that to I great extent, labor and
capital have been abundant at low rates,
ard both Of them without employment,
while our public debt with deprecated
currency effects : depression in the ID
.dustry and prosperity Of the people. We
have q currency which ne carnot keep
on . par with gold This begots specu.
slations in money, and subj the amount
Of our indebtedness to constant fluctua-
:tion, to accord with the gold standard on
the basis Of the changing value of our
own currency. To the end that We may
be able to pay our debts, commerce must
be encouraged, and shipping provided
for the cheap transfer Of our supplies to
consuming markets, but to do this We
must have currency good wherever civ.
ilization oxists,-onc which has its basis
on the labor, necessary to produce it,
and which will give it value. There
should be no unnecessary delay in re-
turning to specie payment. There can
be no permanent revival Of business un-
til VIC have legislation prescribing the
time and the method OF a return to pay
ment in gold. .'... =....= :
With resumption, free banking may be
authorized with safety, and as more cur
rency is demanded, more banks may be
established, winding up whenever there
shall be supcrabundancc, -,
Business itself, not Congress can best
determine how much money it needs.
We arc at peace with all the world !;
with no prospect Of disruption Of friend.
ly relations. The continued instruction
of Cuba is no: without strong signifi-
canoe, and may require some positive
steps on the part of, other powers as q
matter of sclfneccssity. During the last
year treaties of extradition have been
ratified between Belgium, Labrador, Sal.
vador, and Peru. An increase of reve-
nue. by tariff is suggested, but the free
list should nevertheless be increased-tllat
is to say, of those articles which VIC pro-
duce constituent part, what we do not
produce should be free, and all others of
prime necessity, either for purposes of
manufacture, or of c consumption.
The affairs in the southern states are
discussed, fully recognizing the existence
of the white leagues, and other
armed bands of men using violence
for the purpose Of controlling elections.
The whole subject is turned over to
Congress for action, with the expressed
hope that such action may be taken as
will render executive action in such cas-.
es wholly unnecessary in the future.
How to induce capital to employ labor,
is the question. A sound currency in
place Of one of fluctuating value will
do more towards answering it, than any
other thing at the present time.
To increase our shipping capacity,
some encouragement should be given in
directly, through contracts for carrying
the U. s. Mails,-to private individuals.
The relation of the General Govern
ment to the Dist. Of Columbia, is discuss
ed, and measures looking to the perma-
nent improvement Of the Capitol recon.
mendcd.
The message as whole will commend
itself to tho favorable consideration of
Congress and the country, and>is an ad.
dltional evidence of the wisdom and pa.
triotism for which President Grant has
long been cOnsDicuOus.