The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-12-08
-r,apres1dent's Message.

Ss..,vd Yesterday By scsesrarh. 1t com
mesced It's transit ever the wires at ~ T.
H. and was conpletea at N V. N. "A c s'r'
liable feasat telegrapbise. Eais q az mus NJ proo'
Of the wonderful powersfof electrsc'somrnu-
nication Is perhaps sac CHIEF advantsSe from
the 'yo,uminous donment Upon The annual
occurrence Of this testimonial Of the bench.
cence Of the tefssvaphswe are reussnded that
we enjoy blessing :sor which, in the Lam
yuaae Of anncsi messages Of cen Federal
rulers, we caps,ot be to- profoundly grateful.
The message contains 3 statement OF the
paci6c relaticas weeUjoy with .'".s
'FeREsSs' POWERS, 800, 4
yenszaela lis ,behiod 10 bsr indemnity,
chiefly, tbe President eosjsosares, because
she.fs bare run 10 meet her obligations 60
Governments generally. She seems to DC a
waywardss,ate, which has '1acurred obsisa.
tons beyond Der means, and be advises att
lie more indulgence towRbs her. THIS rs
good arakind, especially when we coasder
our own shortcomings, State and otherwise.
Venezuela ia.oomforted Sst the item with re-
gard to Spain, with whcmrye have unsettled
questions concerning the Virgini9s a1fatr
which sffair natural J heads to the oaassdsra-
tionef yr,s,,
Mattersaasc no better is that iltgoTefasd
isle. which I'VE oHght'tc own. The psesf
dent preposcs the settlement OF the nsouhtes
there By the intervention Of the United
States in company with other natsens tor' tue
ss,ppres.ien of the insurrestion and ahel!ibe-
ration office suffering eosameree Of 'sal coun'
tries from the eyilcenssGu sfaohlfew
from the disturbed .esnditi0n OF Cuban If.
fairs. 1t Is understood that the Pnesidentsn
conversation Gus ausdd;tionai reason OUTSIDE
OF this ssnessagel,: states that the United
States, purchases about. eighty per cent. of
the exports of Cuba add to this exsent'be.ps
Spain to carry on the var against theinsur-
gents. n# &
" The President has .beaa forced tesay what
he has; but bis hes.Sf entering into eli
anee with other Governments to settle Gu
ban afa;rs Is in no sense. meeting the Wisws
of the people of the. United States Inehis
raattenwe do not believe that any sueE rcs.
operation is desired orexpected. BY reason
of it's peculiar situation Cuba should ibethe
property of the United States, and tg Season
of the peculiar irjury,we derive from the
inability. OF Spain to- govern 1t and abe
outrages Inflicted upon our commerce,
our grievances are sso pointed a1ih
80 peculiar to Gurselvesntba the ease of
disposing of the whole. disturbance 90 nsar
ourcoast is our own. land we should ADMIT
Of no. 0 Operation, mo alliance with other
nations. Any >,such alliance would anl-
bolaen the allies to farthar intrusion ants
the affairs of this hemisphere, at ~er
with our own interests ,and with 'tbe
principles of ,that .MoNRoB, aaoctrine which,
Is vital to the supremacy sof this Union
in all western diplomacy If General
CRANE had proposed the intern ention Of the:
United>States single handed in the affair the
whole country would have asI lauded him.
Away with the allies .2
The President had hoped Saat by tssei
meeting of Congress negotiations with Spasn
would be concluded. He therefore says little
about indemnify pending negotiations.
FINANCIAL. sn,oc .a.
The President recommends resumption at
the earliest practicable day, but does not be
lieve that this can be as early as t.le lat of
January, 1876. Without naming a day.. he
thinks it the duty Of Congress to doAso. He
advises the repeal of the .lesal-teBdec ella use
of the currency act, and uSges that the secrs-
tary of the Treasury be empowered to bay
gold, from and after the day fixed for the RE
sumption, by the, issuance OF bonds. As &
contemporary. measure Of assistance, he ad.
vises that the receipts of Government sbculd
be in excess ofexpenditures IN order to sup
port resumption. Economysin all depart.
ments is pressed as proper on the occasion,
and, if necessary, increased duties on impssts
is advised. Pretty good "lard-moneg"
policy.] .st. n.tg.s
.'., FREE BANKING. Il y, TylTfj
The President thinks that with the returda
of specie payments banking shoah be free l
Bilholders should be protected ,.as in the
present banking law; but there ahould be-
no limitation to the currency. The. eommu-E
nifty itself shonld deterRsine what amount is |
required for business, instead OF leaving it |
to the Executive, Secretary of the TSeasury,
and Congress. RegulationG, however, should |
be provided suited 10 the resumption Of spe-
Gle payments fer the goveepment OF banks. |
The President recommends that CoagressI
shall not interfere with the currency act
passed last winter.
INTERNAL IMPROVEMENTS.
The President abstains from making aa3
recommendations with regard to internal
improvements by the General government!
He refers to the documents brought out by.E
ADMINISTRATIONS of committees sad the SURF
veys of engineers in relation. TO several
routes. Some of these accompanying mes.
sa2e.
LOUISIANA AND ARKANSAS.
The President recounts the occurrences in
Arkansas, and gives the reasons Cor his
declining 10 interfere in the recent diff
culties in that State. He recurs to
the facts reeited in his message of Feb
ruary, 1873 in regard to Leuisiana-hIs
submission of the whole question to Con-
gress, and his informing that body that iu|]
default of action by it on the subject heS
ahnnld art acenrd;nr to tho dcsat "a ~ h;o w.