Fair play., 1875-12-09

change Of citizenship h established. also in
vite Your attention Ia the necessity oi regulating
by law the status OF American women who mar.
~ foreigners and nt defining more fully that OF
children born in y foreign country of American
parents who may reside abroad, an. also OF
some further provision regulating or giving lc-
Sal effect O. marriage of American citizens con-
ir.Icte,i in foreign countries. The correspond
enca submitted herewith shows 4 few % the con-
stani.y occurring questions on these points pre-
Sentet 10 the cons liberation o; the Government
There are few subjects Ia enaag. the attention of
Congress on which more delicate relations are
depending.
TIE TREASURY DEPARTMENT.
The report of the Secretary of the Treasury
shows the receipts from customs for the fiscal
Year ending June 30, l. 4, In have been Slh;,-
li5, sii %, and for the fiscal year ending June
-, 10, TO have been ; Isl ls. ~ -; decrease
for the last fiscal year Of S5,:S6.iil -. Re-
ce!pIs from internal revenue for the year entiin.
aaLn June, 1874. We're : le!. in'..>; ~, ani tor
the year ending Seth Of Jane. 1875. were : no.
o1' .iH -; increase, S...9.. ..,> -. Tue report
also shows a complete history of the work ct the
department for the last year, and contains re-
concentrations for reform and for legislation
which concur in. hEt cannot commeu; On
fully rs should like "a do If space would per-
mlt but will coniinc my sci, 10 i few suggestions
which look upon rs vital 10 The best interests
Of The whole people coming within. the pIIrylew
of the Treasury mean
SPECIE RESUMPTION.
{ Too much stress cannO, be lai,l upon this qUeS
ton, and hope Congress NAV be induced nj the
pr1ctt3hlc ~ the
tion OF The act ot the last Congress At It's last
| sion. Ia bring about specie resumption on and
! after the first day OF January. 1873. at furthest
! IL wouid he a great blessing If this could be CON
suinmatet, even at earlier day. Nothing
seems - me more certain than that = full,
/ healthy and permanent reaction cannot take
place IN favor of the Industries and financial
We!itre OF the country, nntii we return IL
/ measure of values recognized throughout the
civilized world. While we us. Il currency not
equivalent 10 this standard. the worlds rccos-
Ike the products OF the soil the surplus seeking
! i market wherever there is a demand forit. I'm
der eur present ~ stem We should want none nor
Wouht We nave any. Were !. not that customs
dues must he paid III coin, and because of the
pledge t" pay the interest nj the public debt in
com. tile Yield Of precious metals would flow out
/ for the Purchase of foreign productions and
. leave the United states hcwers OF wood and
drawers oi water. because oi wiser legislation
on the subject of finance by the nations 9Th
whom we have dealings. am not prepared To
say that can suggest the best legislation 10 Sc
cure the enh Most heartily commended: j. will
he source of great qualification to ne I" be able
/ 10 approve any measure ot Congress looking ci-
fectIycy toward securing resumption. I'm
| limited imitation would probably bring about
specie payment more speedily than any le@isla
| hun locking 10 redemption of legal tenders in
/ CON. bat IL would be at the cNpenS,. nj honor
The legal tenders would have no value beyond
settling present liabilities, "r, properly speak
ing, rcruulatinS them. They would buy moth
ing after debts were ail settled. There Il few
measures which seem to me important IN this
connection, and which commend 10 your
sideraton:
LEGISLATION RECOMMENDED.
|. repeal of so much al the Legal tender act
as makes the notes receivable Tor debts
,rIcted after date To he liked in the act ITSELF
50 II Is not later than the first OF January, lS11
We should then have quotations at real values,
not fictitious ones, gold would no longer he at IL
premium, but currency ut a discount; u healthy
reaction would set IN at once and with Il degree
to make the currency equal To what it purl,orts
to be; the merchants, manufacturers and trades
men Of every calling could do busncs fair
margin of profit, the money To be received hav
ing an unvaryin, value; laborcrs and all classes
who work fOr stipulated pay or salary
would receive more benefit from their income,
because the extra profits would longer be
charged by the capitalists to compensate Tor the
risk of downward nnctuation III the value Of
the currency.
=. That the Secretary Of the Treasury be au-
thorized to redeem, say not To exceed 81 20 O4D
monthly of lega-ten'ier notes. by issuing in
their stead long term bonds bearing interest ut
the rate of j-lGO per cent. per annum, of de
nominations ranging from : 300 To $50 each.
This would in time reduce the legal tender notes
10 4 volume that could be- KEEP; ailoat without de-
manding redemption in large sums suddenly
3. That additional power be given To the Secrc-
tary Of the Treasury To accumulate gold for final
redemption Of currency: increasing the revenue.
curt3iling expenses, both. II is preferable To
do both; and recommend that reduction OF ex-
penditures bc made whenever II can he done with
out imlaring Government obligations or Grip
plIny due execution thereof.
On" measure for incrcaSi Sing the revenue and the
only one, think, the restoration ef the duty ON
-, q, anu @ ooice. LEG uu'!es "ouiI aaa Probabiy
$3.50, ~ .a, fi.sei' 0 m ani?sh. received Tor
m n 80, ,,hs . ,i..,., 10 H., % ~" s ioiesse the price
p,u . .oi siee. al .io'cs py .iic consumers. These
'' l.ioies are s'e Prou.cts vi countries collecting
Consumers rc,luc,. the ,i,,,ias tb.y nr,,,".,S So
ately increase them. With this addition to the
revenue many duties now collected, and which
give but IN insignificant: return for the cost of
collection, must be remitted, and to the direct
advantage OF consumers alone. would men
ton those articles which enter into manufactures
of all sorts. All duty paid upon such articles go
directly To the cost Of tine article when manufac-
tured mere, and must be paid for by Consumers.
The duties now only come from The consumer
alone, but act as prot. c,inn u foreign manufac
turer- o' the same competing article in our own
and distant markets
i viii suggest, or mention. another subject
bearing upon THE problem oi how to enable the