The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1875-12-09
THE MESSAGE.
Continued from Second Page

no longer be charged by the capitalists to
compensate for the risk of a downward
iIuctuation In the value Of the currency.
Second. | suggest that the secretary OF
the Treasury be authorized to redeem
say not to exceed $2,OOO.000 monthly Of
legal tender notes, by issuing In their
stead long bonds, bearing Interest NJ the
rate Of Co-lOO per cent. per annuln, Of
denominations ranging from 500 TO
Sl,UOO. This would In time reduce the
legal tender notes to volume that could
be kept afioat without demanding re-
demptlon In large sums suddenly.
LAYING Up TREASURE.
recommend that additional power be
given to the secretary Of the Treasury to
accumulate gold for the final redemption
Of currency, Increasing the revenue, cur
failing expenses, or both. II is preferable
To do both. and recommend that the re-
ducti0n of expenditures De made when
ever 1t can be done without impairing
government obligations or crippling the
due execution thereof. One measure Tor
increasing tho revenue and the only one
| think Of Is the restoration OF the duty
on tea aud coffee.
ATAx OK TEA.
These duties would add probably Sls,-
100000 to the present amount received
for imports and would in no way increase
the prices paid for those articles by the
consumers. These articles are the pro-
ducts Of countries collecting revenue
from exports. and. as we, the largest con-
suiners, reduce the duties. they propsr-
tionally Increase them. With this addi-
dition to the revenue many duties now
collected, aud which give but an lnsig-
nlficant return for the cost of collection,
might be RENTED and to the direct ad-
vantage Of consumers alone. would
mention those articles which enter into
manufacturers of all sorts. All duties
paid upon such articles 20 directly 10 the
cost Of the article when manufactured
here. and must b. paid for by consumers.
The duties now only come from the con-
sumner alone, but act a. a protection to
foreign manufacturers Of the completed
article In our own and distant mar
kets.
ANOTHER -tGGLsIION.
will suggest or mention another sub
iect bearing upon the problem vi how to
enable the secretary Of the treasury 10
accumulate balances. Ii il to devise some
better method Of verifying claims against
the government than at present exists
through the Court Of Claims, especially
those claims growing out OF the late war.
Nothing il more certain than that large
percentage Of amounts passed and paid
are in part or wholly fraudulent or are
far in excess OF the real losses sustained.
Large alleged losses, proven on good
te.timoHy according ~ existing laws. by
ailidavi,s of fictitious or unscrupulou.
persons, have been sustained on small
farms and plantations and are not only
TAR beyond the possible yield Of those
places for any ono year, but ~ every one
kaows who has experience in ,illing the
.oil. aud who has visited the scenes OF
the spoiIatiops are in many instances
more than the individual claimants were
ever worth. including their personal
property aud real estate. The report of
the attorney-geDeral, which will be sub
mitted to Congress at an early day, will
contain detailed history OF the awards
male. and Of the claims pending, of the
class here referred 10.