Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1875-12-14
NUMBER 4S.

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the Government wh,ie c.rNer, - ,ae United
States. either nptur,iL-l Coz I-tiyc BON, have
formally become Ut I.A-r OF sdUect
of foreign rOWctf, Lut WLp, Lcvsith'le3-'
in the ahs"uco ot any i:oEhi"h'
of l. sislatiOn ou tii- question when iEv0iHet
in difficulties or when II seems to hr thc'r H.
terest, claim 10 be cIils.Hs OF % Jutci Stal-s,
and demand Tic in.clycht,ub Vi 20 'i3t,fHilrn-
which they have long since aL.r Oncd, sbd ~
which for years lhey have lon, cIed 40 fes'it
nor held themselves m auy way amcufh''-
IN other cases Ea'uruitrd QtI1,Hs iiILcdialrit
after naturalization have returned 20 tic.r r,-
tive country, have hacnnC IN - o. -i ir u, 5uli--.
have accepted c'i,C} or s"iti 10, ,tus4attr
with American DllcusLlp, auI eyldcc 40 Mtcr-
10 rcturn TO the Upilcd Stltcs uuui called uDou
To discharge some duty 90 ihc country Acr
thcy are residing wien az once tht5 H--cf.
their citizenship. and cali upon The rgpitscuD.-
tlyes OF the Government 20 aid them - ,Al.t
unjust prcicusions II H. uug lusiiC@ 20 dll
bona tide citizens dat DO dODl. oga eZl+f
on such questions, and that tJu-less should
determine " enactment U! Lt| Low eAPJlii'
alton may be accomplished and ChHT.r OF cal
'zenship established. / also ilsIte your
attention TO the necessity OF regulating ty I.E
the status OF American women WLo may nsrtY
foreigners, aud OF dcliL.He i-oIe iaiiJ tllat Of
children bonn IN foreign country Oi hmeu-an
parents who may reside abroad, aId
also come iU:tAer provision re- Hal
ing or giving legal effect 90 - arriac,i
OF American citizens contracted Ia tCIc,-I
countries. The correspondence -,ibnal .cd L,4.-
with shows few Ct the constantly occurring
questions on these points presented 20 jEe ,On-
alteration ot the Government. ittl1 ara irN
subjects TO engage the ATTENTION oi Congress cr
which more delicate relations o. iUDrc I-.-
portant interests are dci'Ldrui.
TIE STATE DEPARTMENT nCHbING.
In the month OF July last the 10 cling crc ted
for the Dqpn TfmtUf 81 d "A a.
sion of and occupied by that d.tsitmcnt. 1
am happy to announce that lie archives and
valuable papers OF the Government IA the Gus
tody Of that department ofc DOW safely ~
posted andpropcrly cared icr
SPECIE RESUMPTION --zs-sr~
The report Of tho Secretary of the Treasury
shows the receipts from Customs lor the fiscal
wear ending June 81. iS7i. 20 have bccu sicf
l03,S3 6g; and for the fiscal year ending June
30, 1875, TO have been Slsl. .ll,,i2 80. decrease
for the last fiscal year Of S5Na III 81 Re-.
ceipts from internal revenue Tor the year ending
June 30, 1874, were slU', lut.. 81 900. and Tor tbs
year ending June 80, l''j, were SllnUDI, f@J -.
an increase of s7.JJ7.50s ns. The report also
gives a complete history of tho working Of tho
department for the last year am contain, lc-
commentators tor reforms sut irl legislation
which concur IN, but cannot comment on -
fully as should hike To do II spa .c would per-
init. ] shall cOntno myself - % lev
suggestions which ! look uv0n a. vital
70 the best intercsts of the whole people, COMM
within the purvicw of the treasury. mean
specie resumption. Too much Gtrc clrr't Doe
laid upon this question. and 1 hope Congress
may be induced. 90 the earliest day practicable,
10 insure the continuation OF the act Of tha
last Congress at H. Las session, 20 BRING about
specie resumption, Oh and after the lst day oi
January, 1879 AZ tic lurfhcst a.
would be n great blessing ID thi, could -
cOnsummatcd even at IN earlier diy. Nothing
seems 10 me more ccr;au than la. lull.
healthy, and permanent reaction cannot take
place in favor vi the Industries AND financial
welfare of the cDH"iry until Wa return 10
measure of value, rccp :uIrd tLf'u shont ths
civilized world. Nu'lc wc Use . currency no.
equivalent to TINS standard. the worlds recog
lizcd st.ul.rl. 50. c .c becomes commodity 7
AXE tne p.DDG,.t Co. ti, sO!., the surplus seeking
market 81 l',i.r t.rHc - q demand for IL.
CnGCr Dlt pa seal alat,.I Ec should want none,
dor sLO4,d sc ..,, I-s we've u not that Gus 4
IONS dues mast %. p4.I u coin. ana because OF
The pledge 10 ray the interest Oi tue publicN
iebt in com. Tie yield Ot precious metals \.
would ilow ont for the purchase of foreign pro-
iuctiOn-, and leave the United States - hewers
VI wood aad drawers OF water because
If wiser legislation on the subject
ii finance by he nations with whom We hsvo
lealiTgs. am not prepared 70 say that can
usgcst the best legislation 10 secure the end
most heartily commented. IL will be souree
II great qualification 10 me 10 be able 70 aP-
,rove any measure of Congress looking effect
vely toward securing resumption. Unlimited
ntatluu would probably bring about specI6
payments more speedily than any legislatiOR
ooAing to the redemption OF legal tenders in
,on but il would be NJ the expense Of honor.
The Legal tenders would have no value beyond
setting present Liabilities, OF, properly speaking.
'tpuiiting them. They would buy nothing
liter deb's were all settled
MEASURES PREPARATORY TO RESUMPTION.
There arc few measures which seem to me
important in this connection, and which | COM
mend to your earnest consideration:
Frsf--A repeal of SO much OF the legaltender
let as makes these notes receivable for debts
contracted after date to be fixed IN the act
tself-saY not later than the lst Of January,
1877 We should then have quotations at reas
values, not fictitious ones. Gold would no
onger be at a premiuGl, but currency at a dit,
count. A healthy reaction would set IN at
once and with II a desire to make the currency
equal TO what 1t purports 10 be. The mer'
chants, manufacturers, and tradesmen OF every
calling could do business on a fair margin Of.
profit, the money 10 DC received having an un-
VARYING value LabOrers and all others who
work Ior stipulated pay or salary would re'
reiye more for their income, because extra
profits would no longer be charged by the cap
ltAlist IL compensate tor the RISK OF downwaTd
ductuatiOu in the value OF the currency.
.SeoOHG-That the Secretary of the Treasury
be authorized to redeem say not TO exceed
g., 600 monthly OF legal-tender notes by is
SUNG lu their stead a loug bond, bearing inter"
esI AZ the rate OF three and slXty-hve hun
lredths per cent. per annnm, OF denOmlnauons
ranging IRON so 10 81 900 each. THIS would IN
time reduce the legal-tender notes TO volume
that could be kept ahoat without demanding
in large surps suddenly.
IhiTd-lhat additional power be given to
the Secretary of the Treasury To accumulate
gold for final redemption, either by increasing.
the revenue curtaliIng expenses, or Doth. IL
is preferable TO do bOtn, and | recon-
mend that a reduction of expenditures be
made wherever il can be done without impair
ing Government Obligations or GRIPPING the due
execution thereof. One measure Tor increasing
the revenue. and the only one think OF, "A the
Of the duty on tea and coffee These
duties would add PROBABLY eighteen millions oil
dollars 10 the present amount received from lIn-
ports. and would in 10 way increase the prices
paid for those articles by the consumers. The
articles are the products of countries collecting
revenue from exports, and AZ We, the largest
consumers, reduce the duties they proper
tlonaliy increase them. With this addition 10 the
revenue. many duties now collected, and which
give but an insignificant return for the
cost OF collection might be remitted, aud TO tho
direct advantage Ui consumers at home.
would mention those articles which enter INTO
manufactures of al sorts. All duties paid upon
such articles 20 directly 10 the cost OF the art-
cie when manufactured here, ami must Ge paid
foc by the consumers. These duties not only
come from the consumers at home, but act as
protection to foreign manufacturers of the same
completed articles III our own and distant mar.
kets. / will suggest or mention another subject
Oea ing upon the problem Oi how 10 enable tho
Secretary of the treasury tS accumulate balances.
1t Is 10 dev.se some better method VI verifying
CLAIMS against ilc GOVERNMENT tiau 1T present
eAis's tns"usr ms tndrt ui Clt:A.s, especially
snosc claims growing ous a. t4r late wa
Hotnlng is more crria:n jb-n that Il Yerv iargH
percentage oi thc SIuU'lIis passed. Iad paid
either Wholly rIli'.u."r,, Or ate iJr ia excess ~
thc real losses SuNtaI.r,.. he iar.r am0tu, q.