The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-12-08

be charY ed, and the risk OF nuctuation I'm the
adde Thfh R Prices aching
protection 10 the foreign proaucer.
who receives s,., nothing in ss, eTchanSSs aSS
10 Dor except currency god at stable value The
world over. It seems TO iEe that nothlng Is
OF the existing prostration, for the want OF
sound financial system. falls upon the working
and the salaried man, who superintends and
conducts business. The burden ialls upon
pioyment' m and by the decreased purchasing
power OF their salaries. IL Is the duty OF Con-
eress TO devise the method OF correcting n ns rne
mine; but will venture 10 suggest two or three
things which seem 10 me as suDshntinaly
necessary TO n return 10 specie payment. Tne
first great requisite In return TO prosperity IL
THE LEGAL TENDER CLAUSE
| TO the law authorizing the issue OF currency by
the national government should be repealed. to
take effect MS 10 all contracts entered into after
n day fixed I'm the repeating act, not TO apply,
however, TO payments of salaries by the govern
ment or other expenses now provided by law 10
be paid In currency. In the interval pending be-
tween the Ispea, @ n ana M ,na Snich tba secretary
OF the treasury can obtain gold as it may
become necessary from time TO time,
commenced To this might and should be added
a revenue sufficiently In excess OF expenses TO
sustain re resumption. commend this subject TO
your careful consideration, believing that IA
vorable solution In attalnable, and that II
reached by this Congress the present and
future generations will ever gratefully remem-
ber IL as their deliverance from n tbralldon OF
evil and disgrace With resumption free banking
may be authorized with safety or with very full
protection 10 bill holders which they have under
as essential IL would 81 20 proper elasticity 10 the
currency, as more currency should be required
| fer the transaction OF legitimate business; new
banks would be started aud In turn banks
would wind up their business when IL was
The experience and Judgment OF the people can
best decide Just how mucn currency Is re-
leave the settlement of this question
or the executive. Congress should make the
regulation under which banks may exist, but
should not make banking monopoly by limit
/ Ing the amount OF paper currency that shall be
| authorized. Such importance do attach TO
this subject. and so earnestly do l commend Il
once at the beginning OF this message.
FOREIGN RELATIONS.
/ During the year nothing has occurred to dis
turb the general friendly and cordial relations
of the United States with the other powers
The corresdondence submitted herewith be-
tween this government and its diplomatic rep
resentatiyes of other countries shows n satisfac-
| tory condition of all questions between the
United States and the most OF these countries,
and with few exceptions 20 which reference Is
hereafter made, there IS an absence OF any po1nts
notice directed by the resolutions OF
| Congress of June IL, 1884, TO be given 10 termin-
ate the convention OF July Il, 1873, between the
| the treaty will accordingly terminate ON the
first day of July, 1915. This convention secured
| to certain Belgium vessels entering the ports of
| the United states exceptional privileges which
are not accorded to our own vessels. Other fea-
| lures ofJhe convention ave proved satisfactory
| and have tended to the cultivation of the mu-
tually bent fetal commercial intercourse and
friendly relations between the Two countries
| hOna that nominations which have been ln-
vited will result in the celebration OF another
treaty which may tend to The interests OF both
countries. Our relations with China continue
TO be friendly. During the past year the fear of
hostiIities between China and japan, growing
out of the landing of an armed force upon the
island of FormoSa by the latter, has occasioned
luneasness. tits earnestly hoped, however, that
adjusted, and that the advance of civilization
| in these empires may not be retarded by state
certain citizens OF the United States in this ex-
peditiOn, our representatives In those countries
ernments of China and Japan the firm tnten-
ton OF the country to maintain strict neutfal-
ity in the event OF hostihues, and carefully
prevent any infraction of law on the part OF our
citizens. In connection with this subject L
call the attention. of Congress TO q generally
Chinese Immigrants who come to our shores do
not come voluntarily to make their homes with
us and their labor productive OF general pros
perity, but consider the contract with head
men who own them almost absolutely. In a
worse form does it apply to chinese women;
them perform any honorable labor,
but they are brought for shameful
purposes to the disgrace of the communities
! when settled and TO the great Generalization OF
the growth of those localities. Ifthis bad prac-
pleasure as we'll as duty 10 enforce any regula-
tion TO secure so desirable an end. IL is hoped
that negotiations between the government OF
Japan and other powers looking to the further
opening of the empire, and to the removal OF
various
RESTRICTIONS UPON TRADE AND TRAVEL,
.sor,
can not fail to endure TO the benefit of all
parties. having, on previous occasions, sub
mitted to the consideration of Congress the pro-
priety of the release of the Japanese govern
ment from the further payment of indemnify
under the convention of October %, 1854, and as
no action had been taken therein, il became
my duty to regard the obligations of
the convention as in force and as the other
powers interested have received their portion OF
the indemnity in full the minister of the United
states at Japan has been notified that this gov
| eminent has received the remainder due to the
United States under the con vention OF Simousky.
submit the propriety Of applying the income
| of a part, If not The whole, of this fund TO the
education in the japanese language Of number
the government for a specined time as inter
preteis at the legation and the consul
Japanese youths might, at the same time, be
educated in our vernacnlar. The Importance of
| having our own citizens competent and FAMILIAR
with the language of Japan and to act as inter
| prefers and In other capacities connected with
| the legation ana consulate ln'InaJ country can
not reedily be estimated. The amount awarded
| TO the go sernment OF Great Britain by the mixed
ommlssion organized under the acts of tha
treaties of Washington in The settlement OF TIL
claims Of Britishsubjects, arising from acts com
mitted between April Is, lS1l. and April 9, 1866,
became practicable under the terms of the treaty
within the pas year, and was paid upon
1 the 2ist day OF September, 1874.
In this convention i renew my recommended
ton made at the opening of the last session of
Congress, that a special court be created TO hear
and determine all claims OF aliens against the
/ In1teu states arising from actE cOmmlIJ6Q
against their peKsons or property during
| the insurnection. II appears equitable
that chance should be offered Tor persons OF
other states to present their claims, as well as to
| those British subjects whose claims were not
adm issabe under the late commission, to the
early decision Of a competent tribunal, and
recommend the necessary legislation to organ