New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-12-08

salaried man who superintends and conducts
business. The burden falls upon them in two ways;
by the deprivation Of employment and by the de-
creased purchasing power Of their salaries III Is
the duty of Congress TO devise the method OF cor
recting the evils which acknowledged to exist,
and not mine. But will venture to suggest two or
three things which seem to mo absolutely neces-
sary to a return to specie payments.
PREREQUISITES TO SPECIE PAYMENTS.
The first great requisite in return to prosperity is
that the legal tender clause to the law authorizing
the Issue of currency by the National Govorhmeh'
should be repealed to take effect as to all contracts
entered into after a day fixed in the repeating ac'
not 70 apply however, to payments of salaries by
Government. or for other expenditures no" proViueu
for by law to be paid in currency. In the lnteIVa
rcndirc between tho repeal and final resumption
nroyiSion should be made 10y which the
Secretary Of the Treasury can obtain gold, as
1t may become necessary, from time TO tme'
from the date when specie resumption com
mencos To this might and should be added
a revenue sufficiently in of expenses TO insure
an accun ulaion of gold in the Treasury to sustain
rCdcmptiOn | Cammcud this subject tOyour careful
consideration believing that favorable solution Is
attainabe. and that if reached by this Congress,
the pies 1T and future generations will ever CRATE
fully remember it as their clivo:er from thraldom
banking NAY DO authorized with safety
giving fUl! pIotec ion to bill holders which they
have under existing laws. Indeed. would
regard free banking rs essential 1t would give
proper elias ity u the currcncy rs moro currency
should BE- Qrcl for The Transaction OF legitimate
businpss new banks would be started, aud in turn
banks would wind up their business when 1t was
found there asuperaOundance OF currency Inc
experience and Judgment of the people can DcSt
decide Just how much currency is required
for the tr,-sacton of the business Of the country
il suu.aa, to leave tn settlement of this question
10 Congress, the Secretary of the Treasury. or the
Executive. Congress shoull make the regulation
under which h.alls may exist, but should not make
banking . monopoly by limiting the amount of re-
dccnahlo paper currency that shall DO authorized
Such importance DO ttach to this subject, and so
earnestly do commend it to your attention. that L
give it prominence by introducing it at the begin
ming of this message.
RELATIONS WITH OTHER POWERS.
During the past year nothing has occurred to dis
turb general friendly aud cordial relations of the
United States with other powers. The correspond
ence submitted herewith between this Government
and its diplomatic represc natives, as also with the
representa- lives Of other countries shows satiSac-
tory condition of all questions between the United
States and tho most of those countries and with few
exceptions to which reference is hereafter made the
absence Of any points of difference to be adjusted.
The notice directed by the resolution Of Congress
of June L. 1874 to be given TO terminate the Con-
vention of Julv L. 1875 between the United States
and Belgium, his been given. and the treaty will
accordingly terminate on the lSt day of July 1879.
This Convent N secured to certain Belgian vessels
entering the ports Of the United States exceptional
privileges which are not accorded 10 our own YES
sells. O.hcg features of the Convention have proved
satisfactory and have tended 10 the cultivation of
mutually beneficial commercial intercourse and
friendly relation between the two countries. hope
that negotiations which have been invited will re-
suit 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 hostlities between
China and Japan growing out of the Landing of an
armed force upon the Island of FormOsa by the lat
ter has occasiOned uneasneSs 1t is earnestly
hoped however that the difficulties arising from
this cause viii be adjusted, and that the advance of
civilization IN those empires may not be retarded by
a state of war. In consequence Of the part taken
by certain citizens OF the United States In this ex
petition our representatives in those countries nave
been instructed to impress upon the Governments OF
CHINA and Japan the firm intention of this country
10 maintain strict neutrality in the event of hOstil-
tiles and to carefully prevent any infTactiOn OF law
on the part of citizens.
In connection with this subject call the atten-
ton of Congress to generally conceded fact that
the great proportion of the Chinese immigrants who
come to our shores do not come voluntarily to make
their homes with US, and their labor productive of
general prosperity but come under contracts with
head men. who own them almost absolutely. In
worse form does it apply to Chinese women
Hardly perccptible percentage of them perform
any honorable labor, bat they are brought for
:. e H..
tie, where settled and to the great Generalization
of the youth of those localities If this evil practice
can be legsated against it will be my pleasure as
well as duty to enforce any resolution to secure so
desirable an end.
TIE JAPANESE INDEMNITY PAID IN FULL,
II il hoped that negotiations between the Govern
nent of Japan and the treaty powers looking to the
further opening Of the Empire, and to the removal
of yariOus restrictions upon trade and travel, may
soon produce the results desired which cannot fail
to inurc to the benefit of all the parties Having on
nreyous occasions submitted to the consideration of
Congress the propety of the release of the Japanese
Government from the further payment of the in-
temnity under the Convention OF Oct p, 1864 and
as no action had been taken thereon, it 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 in Japan has, in behalf
of this Government, received the remainder of the
amount due the United States under the Convention
of Slmonoseky.
submit the propriety Ofapplying the income of
part if not of the whole of this fund to the educa
ton in the japanese language of number of young
men to be under Obligations to serve the Govern
ment for a specified time interpreters at the lega
ton and the cOnsulates in Japan. limited number
of japanese youths might at the same time be
educated in our vernacular. and mutual benefit
would result to both Governments. The Importance