Alpena weekly argus. [volume] (Alpena, Mich.) 1871-1893, 1876-08-16

/ IL
you want to do now is to cut dow
your expenses and live within you
income. l would give all the leg
erdemain of finance and financer
ing, | would give the whole of i
for the old homely maxim, "Liv,
within your income"
This reform will be resisted a
every step, but it must be pressed
persistently. We see to-day i'm
mediate representatives of tn,
people in one branch of Congress
while struggling to reduce expen
ditures, compelled to confront the
menace of the Senate and Execu
tive that unless Objectionable ap,
preparations be consented to the
operations of the government there
under shall suffer detriment OF
cease.
In my judgment an amendment
of the Constitution ought to be de-
vised separating into distinct bills
appropriations for the various de-
partmcnts of the public service and
excluding from each bill all appro-
priations for other objects and all
independent legislation. In that
way alone can the royisory power
of each of the two houses of the
Executive be preserved and ex-
cnpted from the moral durcss
which often compels assent to OBJ
jectonable appropriations rather
than stop the wheels of government.
An accessory cause enchancing
the distress in business is to be
found in the systematic and insup-
portable misgoverDment imposed
on tho States of tho South. Beside
the ordinary effects of ignorant and
dishonest administration IL has in
ilicted upon them enormous issues
of fraudulent bonds, tho scanty
avails of which were wasted or stol-
en- and the existence Of which is a
public discredit, tending to bank
ruptcy or reputation. Taxes gen.
orally oppressive in some instances
have confiscatcd the entire income
of property and totally destroyed
its marketable value. 1t is impos-
sible that these evils should not
react upon the prosperity of the
whole country.
The nobler motives of humani-
ty concur with tho material inter
,sts of all in requiring that every
obstacle be removed to a complete
md durable reconciliation between
population once unnatur-
lily cstranged on the basis recog-
lized by the st. Louis platform, of
he Constitution of the United
States, with its amendments uni
accepted, as final settle
nent of the controversies which
civil war. But in aid
# q result so bcncficent that the
moral influence of every good citi-
cn as well rs every governmental
ought to be oxcrted, not
lone to maintain their just equality
'efore the law, but likewise to es-
ablish cordial fraternity and good
'ill among citizens, whatever their
acc or color, who are now united
a the one destiny Of common self
ovcrnment. H
IL tho duty shall bc assigned to
le / should not fail to exercise the
overs with which tho laws and
of our country clothe
s Chief Magistrate 10 protect
i its citizens, whatever their former
in every political and
ersonal right. |,
"Rcform is necessary" declares
no st. Louis Convention, "to es-
.blish a sound currency, restore
ublic credit and maintain the !
ational honor" and it goes. on TO [
emand "a judicious system Of
by public economics, {
V official rctrenchments, and Ivy 4
Use finance which shall enable the
alton soon to assure the whole ,
orld of its perfect ability and its
'adiness TO meet any of its promis-
!, at the callof the creditorentitlcd 2
payment" The object demanded ,
Y the convention Is resumption of |,
,ecie payments on the legal ten &
n notes of the United States. 4
hat would not only restore tho pub c
edit and maintain the national 7
,nor, but it would establish q a
'und currency for the people. y
he methods 10y with this Object Is I
be pursued and tue means by a
hich il is to he attained are dis a
osed by what The convention de- \
anded fcr the future and Nv what d
in the past. The re- q
Iinption of specie payments 10y {
% government of The United States j
!, its legal tcpder notes would es- v
blish specie payments by all the !
INKS ON NIL their notes. The oth- r
al statement made ON tho 18th OF .
ay shows that the amount ~ bank Z
ties was $500 ,O0O, 600 less 500, ,000, q
NJ held Nv themselves. Against |
ESQ $3.50. 900 900 20 notes Tho \