New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-04

TO pay its obligations IN q corn OF irSs
value than that contemplated by the parties when
tho bonds were issued ANY attempt 70 pay the M,
tiona Indebtedness in a COINAGE of less commercial
value thon TIE money OF the world, wonid Involve
violation Of the public faith and work rrepardne
injury 10 the publIc credit Ii was the great moit
OF the act of March, 1860, IN Strengthening she
public credit, that It removed all doabt rs TO
the purpose of the United States to pay
their bonded debt in com. That act was
accepted as pledge of public faith. The Govern
ment has derived great benefit IRON u IN me pro
gTcss thus far made III refunding the public debt az
low rates of interest An adherence to the WISE ana
just policy of an exact observance OF the pnnhc
faith, viii enable the Government rapidly TO rcduce
the burden Of interest on the National debt 20 .ih
amount exceeding S20,000,OO0 per annuin, ana
effect an aggregate saving 10 the united STATES ~
IN re than $500, 100000, before the bonds can DC
fully paid.
THE MAKING OF SILVER LEGAL-rENpFR
In adapting the new silver coinage to the ordinary
uses Of currency in the everyday transactions OF
life and prescribing the quality of legal-tender to
be assigned 10 it, consideration of the first import
ance should be so to adjust the ratio between the
silver and the gold coinage, which now constitutes
Our specie currency, as to accomplish the desired
end Of maintaining the circulation of the two me
tshc currcncles, and keeping up the volume or the
two precious metals as intrinsic money IL IS
mixed question for scientific reasoning and historical
experience 20 determine hOwfa and by whatneihols
a practicable equilibrium can b. main aimed winch
will keep both metals IN circulation IN theh ap
prOpTate spheres Of common use. An apS3iu'e
equality of commercial value free rom uis lly'"t
fluctuations, is hardly attainable, and withoul "
an unlimited tender for pr yate transactions aSSgho
to both metals would irreSisiby tend 20 NriNe odt
Of circulation the cheaper coinage ana alaapPoiut
the principal object proposed ny lhe i.El,'"' a..
in view | apprebend, therefore, thlI uIe
two conditions Of a near i apProH9n t5 'c
p1ld and silver coinage OF the same Ge-
nomination. and of a Limitation of the amounts tor
which the silver coinage is TO be legal-ender, are
"A nj am 4
these conditions b. succ, ssiully observed INC
issue of silver dollars from the mint would au'rd
material assistance to the community In the trans
iton to redeemable paper money. ana W9uI
facilitate the resumption OF specie payment 3hH us
permanent establishment. Without these cohol, l9us,
fear that only mischief ana mihlofIuhe Wouiu NV
from a coinage OF silver dollars with the quallty Oh
unlimited lega-,ender, IN private transactions
AuNTED SILVER LEGAL-TENDER
ANY expectation of temporary ease from an issue
of silver coinage TO pass ~ lesal-cnd@f al rate
materially above It's commercial value IS, am per
sua,ed a deiusiOu nor can think that there l. any
substantial distinction between an original issue Oh
silver dollars at 4 nominal value materially above
their commercial value and tho restoration of the
silver dollar at rate which once was, but has
ceased to be its commercial value. Certainly
the issue of orr gold coinage reduced in
weight materially below ITS legal-tender value
would not be- any the less a present debase-
mcut of the coinage ny reason OF Us equalng
or even exceeding IN weight gold coinage "tncI
al some past time had been commercially equal -
Inc tender va ne assigned 10 the new issue In
recommending that the regulation OF any silver
couag' winch may he authorized 10y C"nETGSa'
should observe these conditions OF commercial value
and limited legal tender. am governed bl The fccing
that every possible increase should ne gwen 10 me
volume OF metallic money. when can De KEEP III CIR
CuiatiOn aud thereby every possible diu dl"ll'u 10
the people IN the process OF re,uming specie pay
ncute Ii is because of my cOnVctOn that oistt-
,~,r of these conditions would Illustrate the good
ii.
and e,nbar-ass with new elements OF go fusion ana
uncertainty the business OF the country ihat
/ urge upon your attention these CONSIDERATIONS
rpspcctfullV recommend TO Congress That IN any
legislation providing Tor silver coinage ana IN
parting 10 il he quality OF legdl-iehdrf theie ot I'M
pressed on the measure tlrld provision cAclPHHg
line public debt heretofore issued ana now Oulsldh.l-
inc from payment either oil principal or interest III
any coinage Of less value than the present gold com
aye Oh the country.
CIVIL SERVICE REFORM
The organization of the Civil Service Of the
country has for a number Of years attracted more
and more OF public attention: so general has be-
come the opinion that the methods OF admission to
it, aud The conditions of naming in il, unsouud
that both the great political parties have agreed IN
the most explicit declarations OF the necessity of re-
form. and in the most emphatic demands for 1t. l
have FULLY believed these declarations and demands
20 be the expression OF a sincere con-
viron OF the intelligent of the people upon
llGcf. ana ildt lhtA hi'uih w ifNN-i4N' 1l
foliny,.d bv earnest and prompt action the part
of Mn. legislative and Executive departments OF
the Government in pursuance OF the purpose ndl-
Before NV accession to Office. / endeavored to
have my own views distinctly understood, and upon
my Inauguration my accord with the pubic
O,.uion was stated i'm terms believed to be
plain and unambiguous. My experience IN
The Executive duties has strongly confirmed
thc belief 10 the great advantage tie country would
fgd I'm OhSorviug strictly tie plan of the Cohsl.u-
zion, which imposes upon The Executive the sole
duty and responsibility OF the ssiectidn oil thost
Federal Oft crrS who, by law are appointed, MOI
elected. and which. III Ike manner, ;N-3hS 10 the
Senate the complete right 10 advise and consent 10
or - reject tine nominations 80 made Whist the
House Of Representatives stands as the publc cen
sor OF the performance OF official duties, with the
preOgutive of invest gatiOn ana prosecution
M All cases OF dcrehc,Ion. the blenusAgs aud i'm
projections in tn Civil Service may as THINK, he
tlaccd in most cases, TO practical COM s1n ol tne
duties assigned 20 the several Departments OF The
Government Ny purpose, m TINS respect, las Dteh
to return 10 the system established by tie iundt-
mental law. and 10 do this VITA the heartiest cope
ration and most cordial understanding VITA the sen
ate and House of Representatives.
DIFFICULTIES OF REFORM.
Tie practical difficulties ia the selection If numer-
ous officers for posts of wldey-yaryiug responsible
tiles and dues are Acknowledged 90 be very great.
No system can be expected to absolute free
dom from mistakes, and the beginning of any at
tempted changes OF custom is quite likely To he
moro embarrassed in this respect than any
subsequent period. 1t is here that the Con
stitutiOn seems to 70 prove ijs claim
60 the great wisdom accorded to it, It gives TO the
Executive the assistance of the knowledge and ex-
pcrcuee Of the Senate which, when acting up0n
nominations rs 20 winch they may he disinterested
and impartial Judges, secures a. strong guaranty
. OF freedom of errors of importance aS - perhaps
possible m human affairs. In addition 10 tns, ro-
coglizc he public advantage of making al nOmiua-
mons rs nearly possible, lmpersonai IN the sense
of being free from mere caprice favor
H. thn s.lecflnns- and in thn.e offices in