The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1875-12-10

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s,W ucpnrinIrHt Building,

W,g subject 10 ENGAGE We hlNhhun 81 Con
NW nm WHOA more dnlientu relations Ol
gIg,a lU,porlint interests are dependent
S,W Ucpnrrmcnt Building,
- ,t,. month Of July last The building
.,'.,rmi lir the Department OF me Slate ~
rHv,n pofsHsslDu az aud occupied hf TINT
ieh',tmrut, | am happy 20 announce thai
pVnrcblyss AMI valuable papers .ui the
lnrr.rnnsnt IA cu tody of maj department
k''' nav sufoly deposited ana properly utled
~" Department Reports.
r,srrpnrt of the Secretary Of tho Irensnry
II, ,ys inc receipts from customs for the lis.
All year ending inc @tl Of June, M, tahnYe
~ slll 1903 biitD ana Tor the lltcnl year
uuitnu luno 20, lim, To luVe hrun Sl6,7ld,-
rs1 ,u A decrease Tor the last thunl year of
.ia1lil,'l Receipts from ihternnl revenue
nm tic year ending The 10Th Of June 1874,
wars sU!, 400 n l,OO, aud Tor ihe year ending
Tone b $50, sllO'Vbloa'is, an increaso q
" FSS report also shows complete history
ot tle workings oil the department for Inst
v,ar and contains recommendations Tor re-
INNS and for Legislation, which concur In,
hut can not comment on so fully as 4 should
MA 10 do II space would permit, but | Will
con0ne myself 10 u few suggestions, which |
Iool, upon ~ vital 10 tho best lntareits Of
The whole people, coming within cpur-
View Of the Treasury,
SPECIE RESUMPTION,
mean specie resumptiou Too much
,tros, can not be laid ON This question, and
lime Congress may be induced ~ the earll-
eN Practicable moment 70 insure the con-
summation at ia" bc of the last Congress nt
IN lust session, To bring about specie rcsunp-
iUn on ana after the first day Of january,
I'M II would he " great blessing IL this
ruuld b0 cOnsun mated oven 40 an earlier
DIV. Nothing seems 10 he more certain than
lhHt full healthy and permanent reaction
at taE %. ~ I'm "A tl... a "a
md financial welfare OF the country, until
wp return 10 a measure Of values recognized
thr, ughOlt the civilized world, While we
use (Nrrenf NOT equivalent TO this, the
WOrld'S taCugniHtd standard, specie becomes
d mmodity like the produce OF the soil,
the surplus seeking q market wherever
there Is Il demand, Under our present sys-
lem o should want none; nor would we
have amy more, but customs must he paid
In coin, aud because Of tho pledge TO pay IN
teest on the public debt IN coin. The leld
Of precious metals would How out for the
pufch vs. Of foreign production and leave
Inc United States " hewers OF wood and
drawers Of water.p Because of WISER legis lu-
lion ON the subject of finance 10y the nations
whom we have dealings with, ana not pre-.
pared TO saythnt cNn suggest the best legis-
laliun TO secure the end most heartily re-
commended II viii be II source OF great
rallhcatiou to me TO be able to approve any
measure OF Congress looking effectively to-
wards securing resumption. Unli nlted In
1atiun would probably bring about specie
payments more speedily thm amy legisla.
ton looking 10 the redemption OF the legal
tenders IN coin, but II would bn at the ex-
pense of nonor The legal tenders would
have no value beyond settling present
liabilities, or, properly speaking, repu-
dating them They would buy
nothing after deb,a wcrea all settled. Therenre
few measures which seem to me i'm portant
IN this connection, and which commend To
your earnest considerations. A repeal or so
- .I...as
notes receivable fordeb.s ontracted after a
datr TO he liked In theact ltaeif, say not Inter
than January i, 1851 We should then have
Quotations M real values, ana not iictltiOus
ones. Gold would no longer DE alta premium,
and currency at n discount, A healthy re-
action would set In ut once, and with "A de-
sire to make the currency equal to what II
purports 10 be, The merchants, mannlhc.
iurers aud tradesmen Of every calling could
do business on q fair margin of prOflt, the
money TO be received having nm unvArying
value, Laborers and all classes woo work
for stipulated pay or salary would receive
more Tor their Income, because extra profits
Wonld no longer be charged By capitalists. TO
com ensa. e for the risks OF downward due
tuaton in the value In currency
second. That the secretary 81 the Treas
arr b. authorized TO redeem, say not 10 eN-
coed, 0O,0O0 N onthly, of Legal tender notes,
by issuing in their stead n long bond, bear
Ing interest at the rate of 3 10 100 per cent per
anouln, OF denominations ranging from 500
81 5000 each. This would In time reduce the
legal tender notes to volume that could he
kept Ntlont without demanding redemption
in lnrgr sums suddenly. gE.a#a .tH
rhtrl. Thu; additional power he given to
the Secretary Of tho Treasury to accumulut
gold for final redemption, either by increas-
Ing revenue, curtaillng expenses, or both. IL
is preferable to do both, and ! recommend
that reduction Of expenditures be made
wherever 1t can be done without impairing9
government obligations or crlppling thedne
execution thereof. One measure for incre,ls-
ing the revenue, and the only one think OF,
IL the restorat iou of the duty on ten and
cotl1e. These duties would add prooabiy
sHGOJ,NO3 TO the present amount received
from imports and would In no way Inc ease
the prices paid lnr these articles by cousum-
erS. These articles are the products OF cOun-
tries collecting revenue Nom exports, ana as
We, the largest consumers, reduce The duties
they prOpbrtionately increase them. with
this addition 10 the revenue, many duties |
now collected. ana which have given but an
Insignificant return Tor the cost ofcolection, |
might be remittad, and to the direct advan- |
tage Of consumers ut home. l would men,
tion those articles which enter into manu- |
features OF all sorts. All duty paid upon |
such articles 90 directly TO the cost OF the
article when manufactured here, and must |
be pnid for by the consumer. These
duties not only come from the consumers al |
home, hut act AZ protection TO ioieign |
manufactures of the same completed arti- |
clcS IN our own and distant markets.
| will suggest or mention another euhjec |
bearing upon the problem OF how to enable |
the Secretary of the Treasury to accumulate |
balances. II is to devise some better mode |
Of verifying claims against the government |
than Mt present exists, through the Court OF |
Claims, especially those, claims growing out |
of the late war. x Nothing IL more certain |
than that large per cent 81 amounts pass
cd and paid are eithei wholly traudulento or |
are far in excess OF ths real losses sustain
ed. The large amount OF Losses proven on
good testimony, according 10 existing laws,
by afidavitS Of fictitious or unScrupulouS
persons, to have been sustained on small
farms and plantations, are not only far be-
yond the possible yield of those places Tor
one year, but MS every one knows VINO mas
had experience in filling the soil, ana who
has visited the scenes OF these spollatlons,
are in many instances more than the indi-
vidual claimants We're ever worth, lnctuu-
ing their per hal and real estate.
The report o the Attorney. General TO ne
submitted TO Congress nj an early day, win
contain full history pfawards made and OF
cla ms pendlng,s OF the class here referred
TO-
TIE WAR DEPARTMENT.
The report of the Secretary of War, accom-
panying this message, gives detailed ac-
count of the army operations for the year |
Just passed, expenses for malntalhenee, eter
with recommendation for legislation, 10 |
which respectfully invite your attention. |
To me of these invite special nlteh'l ION;
First The necessity of making S'W0OW OF |
the appropriations for the Subsistence De-
partment availG BILE, before the beginning OF
the next fiscal year. without this provision |
troops Mt points distant from supply piodno-
lions must either go without food or existing |
laws must be violated. 1t is not attended |
with cost to the Treasury.
Second his recommendation for arrange
ment OF n system of annuities for the flmi- |
lies of deceased oficersiby vol untnry deduc-
tons nom the monthly pay of officers. This,
again, Is not attended with burden upon the
Treasury, and would, for the future, relieve
much distress. Every old army officer mas
witnessed in the past officers dying suddenly |
or being killed, leaving families without
even means ofreachihS their friends,i t for |
tunate enough to have friends TO aid them
Third, The repeal Of the law abonshing
mileage, an a return to the olu system.