The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1875-12-08

at real values, not fictitious ones
Gold wonld no longer be at pre-
MUM, but currency at a discount A heal
thy reaction would set In at once, and with
1t desire to make the currency equal to
what II purports to be. Merchants. manu-
facturers, and tradesmen OF every calling
could do business on fair margin of pro-
fit, the money to be received having an un-
varying value. Laborers and oil classes
who work for stipulated pay or salary
would receive more for their income, be-
cause extra profits would no longer be
charged by the capitalist TO compensate
for. the fisk of demand, huciuation
in the value of currency.
Second. That the secretary OF the treas
ury DO authorized to redeem said notes not to
exceed 1926 90, 900 monthly of legal tender |
notes, by issuing in their stead long notes |
bearing interest ut the rate of three and |
sixty-five hundredths per cent per annum
of denominations ranging from $50 to
$1,000 each. This would In time reduce
the legal tender notes to volume that
could be kept afloat without demanding the
redemption in large sums suddenly
Third. That additional power be given
the secretary of the treasury to accumulate
gold for the final redemption either by In
creasing the revenue, curtailing expenses,
recommend reduction of expenditures to
be made wherever it can be done without
imparipg government obligations or Grip
pling the due execution thereof. One
measure for increasing the revenue, and
the only one think of is the restoration OF
the duty on tea and coffee.
These duties would add probably $1S,-
000,0 900 to the present amount received
from imports and would In no way increase
the prices paid for those articles by con-
sumers. These articles are the products of
| countries collecting revenue from exports,
and as we are the lai gest consumers reduce
the duties as they proportionately increase
them. With this addition to the revenue
many duties now collected and which give
but an insignificant return for the cost of
collection might be RENTED and to the di-
rect advantage of the consumers at home.
| would mention these articles which enter
into manufacture of all sorts. All the
duty paid upon such articles goes directly
to the cost of the article when manufac-
tured here and must be paid for by the
consumer.
The duties not only come from consumers
at home, but act as protection TO foreign
manufactures the same as completed arti-
Giles in our own and distant markets.
will suggest or mention another subject
bearing upon the problem "How to enable
the secretary of the treasury to accumulate
balances" 1t is to devise some better
method of verifying the claims againA the
government than at present exists through
the court of claims, especially those claims
growing out of the late war. Nothing is
more certain than that very large percent
age of the amounts passed and paid are
either wholly fraudulent or are far in excess
of the losses sustained. A large amount
of the losses proven on good testimony,
according to existing laws by affidavits
of fictitious or INSCRIPTIONS persons,
have been sustained on small farms and
plantations, are not only tar beyond the
possible yield of those places for any one
year, but as every one knows who has ex-
perience in tilling the soil, and who has
visited the scenes Of these speculations are,
in many instances, more than the indi-
vdual claimants were ever worth, includ-
ing their personal and real estate.
ATTORNEY GENERALS REPORT.
The report of the attorney general which
will be submitted to congress at an early
day, will contain detailed history of The
awards made and of claims pending, OF
the class here referred to.
SECRETARY OF WARS REPORT.
, panying this message gives detailed accoun
of the army operations for the year jus
. passed. Expenses for the maintenance
. etc., with recommendations for Legislation
to which respectfully invite your atten
.. ton to some of these.
invite special attention.
=, First-The necessity of making $500, OO
of appropriations for the subsistence of tn,
!, department available for the expenses o
the next fiscal year. Without this provis
ion troops at points distant from supply
production musteither go without food o.
: the existing law must be violated. 1t
not attended with cost to the treasury.
: Second-His recommendation for the er
f enactment of system of annuities TO
: families of deceased officers by voluntar
!, deductions from the monthly pay of off
: GERS This again is not attended with
s burden upon the treasury, and would fc
q the future relieve much distress whic
d every old army officer has witnessed in til
: past, of officers dying suddenly or bein
d killed, leaving families without even th
!. means of reaching their friends, if fortl
: nate enough to have friends to ard them.
e Third-The repeal of the law abolishin
c mileage and retnrn to the old system.
Fourth-The trial with torpedoes undo
corps of engineers and an appropriation fc
o the same, should war ever occur betwee
. the United States and any maritime powe
4 torpedoes will be be among the If no
4 most effectual and cheapest auxiliaries fl
q the defense of harbors and also in agressiv
/. operations that we can have, hence it is az
:. visable to learn by experiment their be-
construction and application as well.
Fifth. A permanent organization for Il
signal service corps. This service has no
/ become a necessity of peace as we'll as wa
= under the advancement made by the pre-
= ent able management.
u Sxth-A renewal of the appropriate
y for compiling official records OF the wa
~ etc. The condition of our navy at til
Is time is subject of satisfaction. 1t do
Z not contain, it is true. a navy of powerf
u cruising iron clads which make 80 much
. maritime strength of some other nation
: but neither does continental situation
e our foreign policy require that we shou
" have large number of ships of this cha
l. acter, while this situation and the nature
~ our ports continue to make those of 9th
u nations little dangerous to us under al
Z circumstances. Our navy does contai
a however, considerable number of ire
Al clads of the monitor class, which, thoul
u not properly cruisers, are powerful and {
fective for harbor defense, and for oper
tions near our own shores. OF these
III the single turreted ones. fifteen in numbs
I'd have been substantially rebuilt, the
he rotten wood beams placed with iron, the
n bulls strengthened and their engines al
IS, machinery thoroughly repaired, so they a
e. now in a most efficient condition and rea,
n for sea as soon as they can be put in cor
be mission. The five double-turreted iro
a. clads belonging to our navy, by far t
ms most powerful of our ships for fighti
" purposes, are also in hand undergoi
in complete repairs and could be ready
Il sea in periods varying from four to S
a months. With these completed, accordil
ut to present design, our torpedo boats nc
IT. ready, our iron-clad fleet will be, for I
be purpose of defense at home, equal to al
es force that can readily be brought again
IL, 1t of our wooden navy, also, cruisers