, 1875-12-08

EGaIUNh hfHE1FTS
1he report Of the Secretary Of tie Treasury
shows tho receipts from customs for tue f4c.l
year ondiug June tIU. 1874, t, Eave benn sl's,,-
1o1, ,93JG9. ard for tho fiscal ycar enlln. Jnno
80. 1876 to have been s157,lG7,7 723,;'5 lecreasc
for tho ;ost fiscal year N ei.93G.ll1.34. lie.
ccipta from internal rcyenua 10. thu year ending
s0sh juno, 1871. wore elo1 14q9, 7s!.:E, and Tor
tho ycar ending BOIL: 1nno 1475. wcro Efl0007,.
4a.5]. Increase, 97,597,7osfs. The report
also shows L c7nnee history Of tho WORKING Of
the Department fo7 tho slu: year. ami contains
recommendations for rcfor ms md fur legislation
which concur III. but cauuot c9auarut OH 81
ful!ysAs alon1d ll.o to do. II Hoace would per-
init, but viii cou1ine myself 10 few suggestions
which look upon ~ vital tn the best .ns creets
Of tho whole pooplo coming within tho p,rsiyW
al The Treasury. M:ln
HrEr1E AH3rMrT1oN.
Too much s.ress cau1ot be laid upon tEA
question. and | hope Congress n,.v be ,n;lnc..l
A. tie carlos: day pFacticabte to inguEe tho
summation uf The act Of tl's last touzrrss At il.
last session to bring about spprie resumption on
and after tho 1as day OF January, 1879. ut fur.
tlest. 1t would bo great blessing If this could
10 couhnnnated osou at an earlier day. Nothing
seomn to mo NOR" certain than thu: q fni
heaishy. and permanent reaction caunot take
llaea in favor Of tao Industries AnL tuancia!
welfare OF tho country until we return
to measure If va'uus rccoen1al through
out tho civilized world While wn naa
4 currency not equivalent 70 this atand-
nrd ths nnrdH recognized standard
specie-becomeaa commodity Eso tho products Of
the soil. tho sarp!us seeking = tnarket whetsYes
thcte Is I donlslfi for 1t. Guder our present
Auy, we5o II not thst cuatoms dles must be p4.d
in coin. and be:slko OF tho pledge 10 nay ths iu-
terest Of the pubic tlsht 10 coin. The yir!d OF
precious metals would fow out for Tho purchase
Ut foreign productions and leave tho United
Stases l.swerH ut wood Anil drawers OF water be-
canso Of wiscr Legislation un tho subject Of
finance by tic nations with whnm no have dea,~
tugs. AN not prepared to ray that can aig.
gcst sne bcsk legislation to secure the outi moat
heartily eommenlnd. II will be = sorcu OF great
grstidcat,on to mo TO hn nplo to spprovo sny
measure at GouEtc4a looking effectively toward
securing resumption.
uHIIM.rrp IMITATION
would probably bring about nnecfo pay
meEt more sFocdtly than my Legislation looking
70 the resumption OF !egal.tcnlcrH IN coin, hut
It would ba Ut the expense Of honor. The legal
tcndsrA would have uo value beyond nettlIug
prcsent liablGttas. Or. properly speakug. re-
the debta we're all setted. Theirs arc fow
measures which soom To mo Important In this
connection, mud which I cammand to your
oaruest consideration. tepcAl ot 10 much OF
the legal-tunlor acts a. mako tAedo notes
IlEcEiyABLE f4>H DxBra
W. "t. e1o - w .Aon ," Wv az
6c'' sns TT lasaI thAn LUG iss oi 'Ahuats, i''i'
% hhn;iia theh nASo fllotatlnna a. feat VALUES
not hctltioaa ohts' dola Woula ho !oosel W ~
= premium, ott o'rtoney It adlscouns. !lea'thJ
reaction would Get in at once. and wIfh i g DO
sire to m3ko tho currency equal IL what II lur,
potts 10 be. Ihe mofchAntH tnauufa'tuseFs. anu
ttadessnen. aud eTcry calling, eou!1 do bnblnenB
On talr n,arglu Of profit, tho E!oHey 70 90 ro-
celrel having M unYaryluE value, Laoorota
anu all classca who work for stimulated pay or
salary would rtcelTo Hora fur thel' income. %.
cause extra profits would no 'onse5 M 10 eha1Esa
downward auctnatiun In the value o. thu cur
rcncy. SECOND. that tic Secretary VI the IFeas-
urY De authorized sJ re!eral, cay not to e1-
coed e2,N1 100 noathlY, OF leEal-tendsr
nntes. by lBsu'Hs III taelr stoad
l0uE bond bcsriur lhtc!ces u t4c t&to ol t5-lpu
pot cent psr anlll.F, OF aenanfalha!lons ranging
from 931 ~ Il. WI each. 1hss would ~ tln'o re-
dnce tho lesal-tendof hotea to volume that