The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1874-12-17


tne product of his skill and labor. excen'
world over. '1'I0 '''iuo 'he
THE POOR NAN BEARS THE BRUNF.
1t seems to me that notbino is cIoara,
than that the greater part of ibe bnrJe1
OF the existing progtratlon. foT. the Tva,,t
ot sound financial system. falls uDon
the WoIkingman, who must. after All
produce the wealth, and the salaried
man who superintends and conducts the
| business. The burden falls upon them
IA tWo ways By the deprivation of
employment, and by the decreased I,ur.
chasing power of their salaries. It is
the duty of congress to devise the
method of correcting the evils which
are acknowledged to exist. and NOT
nine. But I will venture to suo0est
Two or three things which seem to me
as absolutely necessary to a return to
specie payments.
REPEAL OF TEE LEGAL TENDER cT,AT7sp
URGED.
!Ehe first great requisite in a return To
! prosperity is. that The legal tender
clause to the law authorizing the issue
OF currency by the national government.
should. be repealed, to take effect. as 70
all contracts entered into afte, dav
n1ed IN the repeating act, not to apply,
however, to the payments of salaries bv
Ihe government, or other expenses now
provided by law to be paid in currency.
In the interval and pending between re-.
| peal and final resumption, provision
should be made by which the secretary
OF the treasury can obtain gold as Il
may become necessary, from time to
time, from the date when specie resump-
ton commenced. To this might and
should be added revenue sufficiently
IN excess of expenses to insure an accu-
mutation of gold in the treasury to sus-
tain redemption. I commend this sub.
lect to your careful consideration, be
leving that favorable solution is at
talnable, and that if reached by this
! congress, present and future generations
| Will ever gratefully remember it as their
dellverer from a thraldom of toll and
disgrace.
FREE BANKING ESSENTIAL.
With resumption free banking may be
authorized with safety, giving full pro-
lection to bil1-holders which they have
under existing laws. Indeed, would
regard free banking essential. It would
! give proper elasticity to the currency.
As more currency should be required
for the transaction of legitimate .busi-
turn banks would wind up their busi-
ness when it was found there was a SUI
perabundance of currency. The expe-
rience and judgment of the people can
best decide Just how much currency is
required for the transaction of the busi-
ness of the country. It is unsafe to
leave the settlement of this question to
congress, the secretary of the treasury
or the executive. Congress should
make the regulation under which banks
may exist, but should not make banking
monopoly by limiting the amount of
redeemable paper currency that shall be
authorized. Such importance do at
tach to this subject and so earnestly do
1 commend it to your attention, that I
give it prominence by introducing it at
the beginning of this message.
OUR FOREIGN RELATIONS.
During the past year nothing has oc.
CURED to disturb the general, friendly
aud cordial relations of the United
States with other powers. The cores
pOndence submitted herewith between
this government and it's diplomatic rep
resentatives in other countries, show a
satisfactory condition of all questions
between the United States and the most
of those countries, and, with a few ex-
ceptiOns, to which reference is hereafter
made, the absence of any points of diff
ference to be adjusted.
BELGIUM.
The notice directed by the resolution
of congress of June 18, 1874. to be
given to terminate the convention of
! July II, 1853, between the United States
and Belgium, has been given, and the
treaty will accordingly terminate on the
first day of July, 1875. This conven'
! ton secured to certain Belgium vessels
entering the ports of the United States,
exceptional privileges which are not ac-
corded to our own vessels, Other feat
ures of the convention have proved sat
isfactory, and have tended to the cUlti-
vation of the mutually beneficial COM
mercial intercourse and friendly rela-
| tions between the two countries. I hope
| that the negotiations which have been
! instituted will result in the celebrating
of another treaty which may tend to the
interests of both countries.
CHINA.
Our relations with China continue to
be friendly. During the past year fear
| of bostiIities between China and Japan,
| growing out of the landing of an armed
! force upon the island of FOrmosa by
the latter, has occasioned uneasiness.
It is earnestly hoped, however, the diff
ioulties arising from this cause will be
adjusted, and that the advance of civih-
zatiou in those empires may not be re-
tarded by a state of war.
In consequence of the part taken by
certain citizens of the United States In
this expedition, our representatives IN
those countries have been instructed TO
| impress upon the governments OF CHINA
and Japan the firm intention OF tins
I - 7tssoIT
the event of hostilihes, and carefully
prevent any infraction of law on the
part of our citizens.
AH-suN.
In connection with this subject, l call
the attention of congress to a generally
known fact that the great proportion OF
! Chinese emigrants who come to our
| shores do not come voluntarily to make
! their homes with us and their labor
! productive of the general prosperity,
but come under contract with head men,
who own them almost absolutely. In a
worse form does this apply to the Obi
| nese wcmen. Hardly a Percephble
DerceutaQe If them perform any honor
able labor, out they are brought here
for shameful purposes, to the disgrace
! of tbe.comn.upities where they settle,
| and to the greet Decentralization OF the
youth of these Localities. IL TINS Dao
practice can be legislated against, 1t
will be my pleasure as well as my DUTY
to enforce any regulation to secure so
| desirable an end.
! JAPAN.
1t is hoped that negotiations between
the government Of Japan and other
powers, looking to the further opening
Of the empire and the removal OF va
rious restrictions upon trade and travel,
nav soon produce the results desired,
which cannot fail to enure to the bene-
/ ft of all parties.
Having on previous occasions, sub
nlitted to the consideration Of congress
the propriety OF the release OF tle
| Tananese Governments from further pay
ment Of the indemnity and the conven-
tion of Oct. %, 1864, under as no action
had been taken therein, it became my
duty to regard the obligation OF the
] convention as in force, and as the osheI
t-N----- .,&o-.sFo1 bava received their