The Republican journal. [volume] (Belfast, Me.) 1829-current, 1874-12-10
THE PRESIDENTS MESSAGE,


The annual message Of the President was de-
livered al the opening Of Congress on Mouda,
As the document is long, embracing MANY sub |
lects not Of general interest, we omit Il portion
THE COUNTRY AS MS
Since the converting OF Congress one year
ago, the nation has undergone prostration IN
business and industries. such as has not been
Wltnes scd with us for MANY years. Speculation
as TO the causes for this pro>tratlon might he
INDUCED in without profit, because as many
theories would he advanced as there would be
independent writers, those who expressed their
own views without borrowing upon the subject.
Without indnlginS theories as TO the cause of
this prostIation. therefore. will call your at
tention only TO the fact and TO some questions
a, to which it would seem there would be no
disagreement.
During this prostration, two special elements
of prosperity have been most abundant. labor
and capital Both have been largely unenl-
ployed. Where security has been undoubted,
capital has been attainablc al very moderate
rates where labor has been wanted il has been
iound III abundance. at cheap rates. compared
with What OF the necessaries OF life could be
purchased with the wages demanded. Two
great clements OF prosperity, therefore, have
not been denied. 4 third might be added--our
soil and climate are unrivaled within the limits
OF contiguous territory under one nationality,
for the variety of products to feed and cothe
our own people, and in the amount of surplus
TO spare to feed less favored people. Therefore,
with these facts i'll view. it seems 10 me that
u,onlJ }inta+a ierilatio,, ;o,nr;nn[ mo ,taS3 III
recting III proper channels these great elements
OF prosperity to any people.
THE NATIONAL DEBT, AND HOW 10 PAY H.
Tho pros;,,o,+ o1,,,,a- =, u,, ,,,,,.
NV tba t no IN ~ luz y e' Iet|
says These two causes, however, have iu-
NolVed us in a foreign Indebtedness contracted
uboH}5 bo ,,ad =, - 1; il ~
hnnd a,rr1 , ~ I'm, Go 'e'' ~ ,iie
- II ~ ,,io ~ ~ W a. ioiii,
W. Cn,.or,,,,o,t ,,'+ ~ 80 so irt.i u
rreditors ,-itIa+ riit;.1 ; So ~, 81
,nrnar. b,,Ii - az. ~ 80; ~
li,lii,;1 H. ~ eiieouI 49,, 1Nl'io io'h
ehlphuhdlnS and carrying capacity increased;
lofel9n markets sought for products Of our soil
ana manufacturers 10 the tuI that We may pt
able TO pay these debts " here rev market
san be created for the sale Of products elthef OF
tAe sol ne mime or me inahuiac'oTy' new
means Is distoNered OF utllZihS our hlle ctpltai
ana lioor u inc adv ahtase ol the Whole people
sGF->p cr-PprxCy-sp1-s,rs p,yNr>rs
-
pul ~ NY JuuSlAt!ie t4l. iIN Sttt 'o"aius
accomplishing ms OBJECT i 70 secure Il '4F-
ttncI soou Wherever tINlAIHdt%n lt'3ns' one
NHicp II IA. II pst9iiitS siil'tlaoui"i"nl VIM one
PeppN W my Ll"IhcI MN SOM 9thel
tultenes ".ilti ia, 'ts i!s PASS ll!t iapoi nee
tSSAE - Plo4urt IT, Nli'l VIII give 70 IL Val
", NoIu ana SiiNeF are now the recognized
H-VJ'uns " tAcilaii7t tiie CIV Htu oii'i w CT,
az ~ tiiN we AAVuiu IStuiH Win tle least
r. 'e'.Ihulo ItIas' III We" ol lNc pie"Sts oi
,r4l 1eninr systen1 Wa aim1,teJ ,,Ii w.. 5a,t
Gnntrartri t6ere sborIId H.. ~, ,laI.,y rrt.,iIs
liz NOT nnnares.lr, di9v in IL, inc, H. lii
l"n q l!rtHou pS NHitH we WHl return 10
i6vits VOW, .rls,ai tfn+iI ta1iIa ,o1l
No. tii & l a 'J ~ ,,,l,,,i az,
%v ~ ~ '''i1' ~
i a5@ntsd Win l.@islttion f. go i i,t
Ioohlt- L" Il return 10 specie pasis.
fALLACf OF INITIATION.
1t is easy To conceive that the debtors and
speculative classes NAV think it of vslue to Them
to make the so-called money abundant until
they throw lortion of their burdens nnon
others. but even these. believe. youlI be Dis
Appointed in the result if y conrse shnnIa h.
pursued which will Keen in douI,t Inc Win. of
HE Legal tender medium of eyrban@e 4 re.
yiy.ll of the productive Industries il 7nalad IN,
n T. -. , e, ~ ~, - ~ -.