The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1875-12-10

of citizenship be established. also invite
your attention to the necessity of regulat-
ing by law the status of American women
who may marry foreigners, and Of de6n-
ing more fully that Of children born
ia a foreign country o. American parents
who may reside abroad, and also of some
further provision regulating or giving legal
effect TO marriages of American citizens
contracted in foreign countries. The cor
respondence submitted herewith shows q
few of the constantly occurring questions
On these points presented to the considera.
ton of the government. There are few
Subjects to engage the attention Of Con-
gross on which more delicate relations are
depending.
The NEW BUILDING OF THE STATE DEPART.
NENr OccTPTED.
la the month Of July las, the building
| erected for the Department nf State was
taken possession of and occupied by that
Department. | am happy To say thai the
archives aud valuable papers of the gov
eminent in the custody Of that pspar
| ment are now safely deposited aud proper
| " cared for.
| FINANUES AND rAE CURRENCY.
The report Of the Secretary of the
Treasury shows the receipts frota customs
for the fiscal year ending June 30. 1874. 10
! have been Si63, 100, S33.69, aud for the iis-
cal year ending June 80. 1879 10 have
| b, $ljT, l67, 922.3;I. decrease
| for the last fiscal year of 1890, 2l "a i.
! The receipts from internal revenues for
the year ending June so, 1874, were $lO2,
| 400, 1874 90. and for the year ending June
80, 1879. were SllO.007 ,493.5e- Increase
1897, 7T0,S6S. The report also shows ia
complete history of the workings Of the de
| partment for the last year, and contains re-
| concentrations for reforms aud for legisla.
| ton which concur in, but cannot comment
on so fully as should like to do if space
would permit, but will confne myself 10
few suggestions which look upon as vital
| To the best interests of the whole people
coming within the purview of the Treasu-
~.
| SPECIE RESUMPTION.
Too much stress cannot be laid upon
this question, and hope Congress may be
induced, at the earliest day practicable, To
insure the contamination of the act of the
last Congress at its last session to brin =
about specie resumption on and after
the first of January, 1879, at the fur
thest. 1t would be great blessing if this
| could be consummated, even at an earlier
day. Nothing seems to me more certain
than that full, healthy and permanent
reaction cannot take place in favor of the
industries and financial welfare of the
country until we return to measure OF
values recognized throughout the civilized
word. While We use a currency not
equivalent to the standard the world rec
ognizes. specie becomes a commodity like
the products of the soil, the surplus seek
ing a market wherever there is a demand
for it. Under our present sys-
TEN We should want none or would
we have any were it not that custom dues
must be paid in coin, and because of the
pledge to pay the interest of the public
debt in coin. The yield of precious metals
would flow out for the purchase of foreign
productions, and leave the United States
hewers of wood and drawers of water be-
cause Of wiser legislation on the subject of
finance by the nations with whom we have
dealings. / am not prepared TO say that 1
can suggest the best legislation to secure the
end, but most heartily commend il. 1t will
be source of great qualification to me to
be able to approve any measure of Con-
= gress looking effectively towards securing
resumption. Unlimited imitation would
probably bring about specie payments more
speedily than any legislation looking to the
; redemption of the legal tenders in coin,
but it would be. at the expense OF
honor. The legal tenders would
have no value beyond settling present
liabilities, or, properly speaking, repudiat-
, ing them. They would buy nothing after
the debts were all settled. There are few
measures which seem to me important in
this connection and which l commend TO
. your consideration. 4 repeal of so much of
! the legal tender acts as makes the notes
receivable for debts contracted after date
, to be fixed in the act itself to not later than
the first of January, 1877. We should then
have a quotation at real values-not feti-
tious ones-gold would no longer be at u
premium but currency at q discount. 4
healthy reaction. would set in at once
and with degree to make the currency
to equal what it purports to be. The mer.
chants, manufacturers and tradesmen of
every calling conld do business on a fair
margin of profit on money received having
unvarying value. Laborers and all classes
, who work for stipulated pay or salary would
! receive more for their income, because ex-
ira profits would no longer be charged by
the capitalists to compensate for the risk OF
downward huctustion in the value OF
the currency. Second, that the Secretary
: of the Treasury be authorized to redeem
, say not to exceed 81, 000, 900 monthly Of lie.
gal tender notes, by issuing in their stead
, long bonds bearing interest at the rate Of
25-lOO per cent per annun, of deuomi.
. nations ranging from $500 to $1,000. This
would in time reduce the legal tender
notes to volume that could be kept afoat
without demanding redemption in large
sums suddenly. Third, that additional
power be given to the Secretary
.. of the Treasury to accumulate gold
for the final redemption of currency,
: increasing revenue, curtaillng expenses, or
7 both-it is preferable to do both-and |
recommend that reduction Of expenditures
be made whenever it can be done Withoui
inpairing government obligations or Grip
ping the due execution thereof ous
2 measure for
: INCREASING THE REVENUE,
and the only one think, of is the restora
ton of the duty on tea and coffee. These
q duties would add probably $1s.000,0O0 tc
the present amount received for imports
q | and would in no other way increase the
; prices paid for those articles by the con
! sumers. These articles are the products
of countries collecting revenue from ex
ports, and as we, the largest consumers
! reduce the duties, they proportionalIy in
! crease them With this addition to thu
revenue, many duties now collected, and