The weekly Elko independent. [volume] (Elko, Nev.) 1872-1887, 1877-12-09
WEE.tY Etx0 lADEPE4BEAT.
SUNDAY. bEeEMnl:p .. 1871.
rhs pr.l.i.1g,.' sI,. "a.

=
erylly regarded as ino lessalie nnh ram.
nbl". Tho suggestions ein6odiei in the
Instrument aud The argument il. sup.
port Of their adoption Strengthens he
belief in his practical gool sense ninl
clearly indicates his preferenea for pr.a.
tice over thsery: The Message reviews
every question: of'National irapor,anctci,
and is therefore too lengthy for the Pub.
lication et anything more than y very
brief synopsis il these columns. Re-
forring e !h iis1 Southern policy. the Pres.
ident truly says fhat to- complete. iand
make permanent the paciftation of tie
country must remain until fully Effected,
'e asft inpoFF'aq4tt 3! Al or N4siq4al
1t wGs to be expected that oriuiora ms
TO the measures hes. calculated to secure
this great end would differ widely, AMI
my course that gould have becu enter
cd upon was cettain to be subjected to
severe criticism. dis,rutt and opposition,
therefore, those, stGnlily pursued have
been such as in the Judgment OF The
Chief Magistrate, were most in harmony
with tho constitution. and best adapted
TO attain Tug end, in view. a,s5 -,
The bcneiiceht results steadily flow
ing from these cndeayprs are offered ia
evidence Of the wisdom ms we'll as
Justice Of Ihe course adopted. There
has been a keleral establishments Of
order and of:tho orderly administration
of 3ubticE. INSTANCES OF remaining law
lessness have become Of rare ocrpr-
renee, political turmoil nnA disturbance
have disappeared, useful industries
have been. resnlnsl, public credit in
tho Southern States has been greatly
strengthened, and the encouraging
benefits Of q revival Of commerce he:
tween Intersections of the country, lately
elnbroiled in civil war arc fully enjoyed.
With relation to tho Freedman. n
fizel aeternIinqqtion 70 protect by oil
available and proper mean; under the
constitution and laws is expressed, and
firm adherence to the laws both
National aud State, us 10 their civil
and political rights, will DO required.
The question OF National cuiTcncy
is also viewed rs ono Of paramount I'M
portapeo 10 tho country, and in the
Presidents opinion, the resumption OF
specie payment is tho best and most
speedy manner Of escape from the diff
70 81 - a. l.
iicullies by which We are now Lcset.
The President says in support of this
opinion: ..Tho rich, the speculative,
The operating, the money dealing elas:;
ses, may not always feel the mischief
Of, or may find casual profits IN; n yar,.
Pblo currency; but tho misfortunes OF
such Q currency to those who. arc paid
salaries or wages, ere inevitable and
Femeliloss."
Connected with tho Subject Of re-
sumption is that Of the reimbursement of
ppF pQiango system by tho renewal OF
the silver dollar rs MI element OF our
spocie currency endorsed with the quail
ity OF legal tender to greater or less
extent. While holding that neither tho
Interests OF tho people nor The Govern
ment would bor.proinoicd hy dispnraging
silver rs one Of the metals furnishing
the coinnge OF tho world, II is beliov-
ed that by maintaining tho volume Of
intrinsic money to ns full measure Of
both metals as their relative commercial
Ynlues will permit, would pc neither
unjust nor inoxpcdient. II is yecom.
lncnded that IN any legislation upon
the subject Of reInoRelizing silver. Con-
gross should not lose sight Of tic fact
hat largo public debt is outstanding,
large amounts OF which are held by
Foreigners. aud that The public faith
rHndsccnds all questions Of profit or
private advantage; In other words, that
II should 80 lcgislatU that The principal
and interest Of sNid debt may only DO
payable In gold. Snys Mr., Hayes:
whether tho debt Is ultimately paid
IN gold Or silver coin Is Of bu, little
moment compared with tho possible
reduction OF interest 6ne.llird by re-
iunding IT at such reduced rates. II
tle United States had tho unqucstion.
nblo right to pny its bonds in silver
fnln' the littlc benefit from that pro.
cess would he greatly ovcrLalGnced Ly
lie injurious effect Of such payment.
i made Or Proposed against the houcst
convictions. Of tho public creditors"
From tho Presidents couGo Of rcas.
qning upon tho subject OF piIycr ns
money, II Is clearly defined that l,o not
only approves Of excluding that metal
ns factor In tho payment Of the pub.
10 debt bpt Is also opposed 10 making
oliver legal tender Ia private Irnnsac.
lions excCptgtcstly restricted III amount.
lilo Bays:
Any expectation ot temporary case
from M isaGes Of silver coinage TO- pass
pa legal tender At n rate materially
pbove ita COMMERCIAL value, IL, no a,n
pnrapadod, TdeluSlon; nor can think
hat there Is any substantial distinction
petweon fn original issue Of silver dol.
ars ut nominal value materially above
heir commercial value and tho rcsiorn.
tion Of tho siivor dollar at "a rato which
onco was. but has Ceased 10 bu its CON.
Inorrint yaIuo