Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1875-12-14

jeCJ of any nature or kind wlIaleN err
He alludes to The Importance Of cor
rect.ng the evil OF vast amounts q
untaXed church property will reach ,
sum exceeding three thousand nil
lions dollars He would suggest III,
taxation OF all properly equally, eX
ce. ..tIng only the LIST resting pace q
the dead.
Relations with most foreign power,
continue on satisfactory and friend
| ly footing The President is happy [,
aHnnuuce the Passage of an act uy the
General Cnrtes uf Portugal abolIshing
| slvery III the colonies.
The past year has furnished no evI.
dence of All approaching .crmInatiuI
| OF the rulnOus conflict which has been
raging for seven years in Cuba The
same disregard of The laws civilized
warfare. aud the just demands of hu.
| naliIty which have heretofore called
| forth expressions of cOndemnati, L
| from the nations of chrisIendun
have continued to blackeu the sad
scene. DesOlatIOn, ruin and piIlage
| are pervading the rich fields of one
o; the most fertile aud productive re-
| gihns of the earth. and the incendia
y
liable facturies and buildings, is the
agent marking the alternate advance
aud retreat of the cOntending parties
The President nal rates the damage tC
the Interests of all commercial na
| tlUns, especially those OF the United
| States, and the insecurity of property
owned by citizens of the United States
In Cuba. He had hoped that Spain
| ~; L.,
| her colony. Because of this hope and
from All extreme reluctance to inter
| fere in the affairs of another and q
| friendly nation. he has patiently and
anXiOuslY awaited tie pfOgress OF
events. The armed bands of either
side now occupy the grounds as in the
| past. The President makes u long ar
| gument and concludes A recOEni-
tiOn of the Independence of Cubs. he-
| ing, in my opinion, impractIcable and
! mdeIeasible, the question which next
| prt sentS Itself is, that of the recogmI-
| ton of belligerent Ghts IN the parties
To the contest. After further argu-
meat, the President concludes: The
| recognition of Independence or bel
| ligerency being thus, in my Judge
| ment. equally inaumissabte, IL re-
| mains to consider what course shall
he adopted should the conflict not soon
be brought TO All eud by acts of the
parties themselves and should the
evils which result therefrOm, affecting
all nations, and particularly the UNI
ted States, continue in such event.
am of the opinion that other nations
Will lac Compelled to assume the re
spUnsibIlity which deVo!ves upon
them, and to seriously consider the
only remaining measure possIble-Hl
diatton aud Intervention.
After further statement he says
At the same time, while thus Impress
ed, / do not at this time recommend
the adoption OF any measure of inter
ventIun. He adds, | am persuaded, .,
however, that a proper regard for the
Interests of the United States and of
its citizens entllle it to a reli from
the strain to which it has been sub
jecttd by the difficulties of the ques-
tiOEs aud the wrongs and losses which
AIIse from the contest in Cuba, aud
that the interests of humanity ilStI IL
demand the cessation of the strife he
fore the whole Island shall he laid
waste aud larger sacrifices of life he
made. | shall feel il my duty. should
my hopes of "A satisfactory adiuS mcui
and OF the early restoration of peace
aud the removal of future caIIsUs o.;
complaint Toe unhaTpily Disappointed,
tu make a further communication To
Congress al some periud not far re-
mote. and during the present session
recommending what may then seem
tO me To be necessary.
Abiding to smuggling through the
free zone aud cattle RAIDS Un the Rio
GrSude, the President says: An exc
pertinent of AN armed vessel o. the
Rio Grande for that purpose is on tri-
al. aud IT Is hoped that, ii not hwart-
ed Ey The shalOwnrss of the river and
other natural Obstacles, il may mate
rally contribute To the protection Of
the herisneu OF Texas.
Ocean telrgrpphs are discussed at
great length. bul nn aliussUn is made
to the postal teIrgraphs.
II discussing specie reSum pt ion. the
President says: Zoo much stress can
not be laid upon this question. and 1
hope Congress may iie Induced At the
earliest day practicable, To insure the
contamination of AN act passed by
Cunpress at IIS last session. To bring
about specie payment on and after the
first day at january. 1879, at the far
thest 1t would tie great bl IS ny If
this were couSuuated, even Garner
Nothing seems Ia me more certain
than that full, ht althy and perIna-
neul reaction caunrt take place ia ia
vOr of the Industries and financial
welfare of the country until We return
20 a measure of values recognized
throughout the civilized world. " lille
we use currency not equivalent 40
this standard, the worlds recognized
standard specie, becomes a commodity
like the products of the SOIL. the sur
plus seeking market wherever there
is a demand for it. Under our pres
ent system we should want none, nor
would we have any were it not that
customs due are paid in coin and be-
cause of our pledges To pay iutert st on
public debt in coin. Our yieli of
precious metals would flow f.r the
purchase of foreign productions and
leave the United Sta IS hewers of
wood aud drawers # water tecau-eOf
wiser legislation Oh the subject of
fiuance, 10y nations with whom we
have dealings. | am not prepared TO
say that can suggest the est legisa-
ton to secure the end most heartily
recommended. 1t will be a source of
great qualification To me to
be able 10 approve any measure of
Congress looking ettectually toward
securing a resumption. Unlimited In
fiation would probably bring about
specie payments more speedily than
any legislation looking to the redemp-
ton of legal tenders, but it would be
at the expense of honor. The
legal tenders would have no
value beyond settling the present liza
bilites. or, properly speaking. repudi-
ating them They would buy moth
ing after all debts were settled. There
are a few measures which seem to me
important in this connection, and
which ! commend to your earnest
A repeal of so much of
the Legal Tender Act as makes these !
notes receivable for debts contracted |
after a certain date to be fixed in the |
act itself, say not later than the first |
of Jauuary. 1877, after which no doubt. !
q hearty reaction would set i'm at once |