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

tonal and local authorities, within thor respective
jurisdiction, of every instance OF lawessheSS anu
violence toward them, is required Tor the security
alile If both races aud is justly demanded by the
nnbic opinion of the country and the age. In this
way the restoration of harmony and goodwill
and the complete protection of every cltNch
in the full enjoyment of every Constitutions right
will surely be attained. Whatever authority rests
with me TO this end shah not hesitate to put forth
Whatever belongs 30 the power of Congress anu the
jurisdiction o. the Courts of the Union, they may
confidently be relied upon to provide and perform.
Aud to tho Legislatures the Courts, and the Execu-
tive authorities of the several States, earnestly
sppca 10 to secure by adequate. appropriate and
se.sonahle means within their borders these common
aid uniform rights of a united people which loves
Lincrty abh0TS oppression, and reVeres justice;
These objects are very dear 90 my heart. shall
continue NEST earnestly to strive for tner attain,
meut The cordial cooperation OF al classes OF al
Sc .tiOns of the country. and of bOth races Is fe-
uuired for this purpose, and with these blessings
assured and NOT otherwise, we may safely hope 10
hand down our free Institutions OF G0vernnenl,
unilnpaiTeG. the generations that VIII succeed u.s.
RESUMPTION NOW
Among the other subjects OF great and general I'M
portance t. the people OF this country cannot nc
mistaken. l think, IN regarding as preemmont the
policy and measures which are designed 10 seizure
the restoration OF the currency to that normal ana
beglthful condition in which, by the RESUMPTION OF
commerce nav be brought into harmony
with the system of exchanges which Is
based upon the precious metals rs the
intrinsic money of the world In the public
Judgment. that this end should be sought ana COM
passed as speedily and securely as the resources
OF the people and the wisdom of their Government
can accomplish. there is much greater degree OF
uuarimity than rs found 20 concur IN the specllc
measures which viii bring tie country 10 tiiS de-
sired end, OF the rapidty Of the steps by when IL
- Irncn = most anxious and deliberate examination
which have felt lt my duty % give to the subject
/ am but the more confirmed IN the OPINION Nhl.h
EXPRESSED in accepting the nomination Tor the res
ideucv and again upon NY inauguration, that the
policy of resumption should be pursued ~ every
suiflile MONS and that no legislation would be
" 80 that Shoud disparage the Importance or r!-Id
the attainment of that result have no u'plsltI1l,
and certainly no right, TO question me sincerity
or the intelligence OF opposing opinions, ana
would neither conceal nor undcrvaue the con-
s0cra bic difficulties and even occasional dl,H'aS'9
which may attend the pro sirss oI IIe iion ,,e,r
tins primary condition OTIS general ana Perhile'.
prosperity. / must, however,, adhere 90 my HiOst
earncst conviction that ANY WaVoHng IN pHllnse OF
uustcadiges- ma hOdS, So far from aNolii& OF re-
ducnQ the inconvenience mise parable from the tran
FitioG from an iTTedeemabie to rcdccmaOte paper
CURRENCY ,vould only tend to increased and pro-
louged disturbance in values, and unless relieved
must end in serious disorder, dishOA0r ana disaster
in .he financial affairs of tne Government ana Oh the
people.
TIE LABOEER AND RESUMPTION.
precate are confined TO class OF the people indeed
bur seem to Inc most certainly to threaten the IN
dustrious masses whether their occupations are OF
skilled or common labor. To them it seems to me
il is of prime Importance that their labor
should be compensated an money which Is
j. itself Of a fixed, Interchangeable Vane, bV belng
irrcvOrably measured by the labor necessary 10 ltS
production. This permanent quality OF the money
al the people J. sought fOr ana can only 10, ehltu
l,v The resumption If specie payments The nch,
ing classes nay not always feel he mlscheiS Of OF
may find casual profits IN, variable currency, but
tn misiOrtunt, of such currency 10 llcae %hn are
paid salaries or wages, are inevitable ana Icne-
diless.
RFNrwAL OF THE SILVER DoLLAE.
Closely connected with this general subject Of the
esumpnon of specie payments, isone of coordinate
bur still Of grave Importance. mean the readjust-
ment of coinage system 10y renewal OF the SILVER
dollar as am element IN our specie currency, endowed
by legislation with the quality Of legal-tenaer 70
greater or less extent As there Is douht of the
power OF Congress. under the Constitution. TO coin
money and regulate the value thereof and
o. this power covers the whole range OF
authority applicable 10 the metal. the rated
'ue. and the iegai-teuder quality which Shail he
a1,pt-d for the coinage. the consultations winch
should induce OF discourage particular measure
connected with the coinage. belong clearly l., the
province OF legislative dis reti1n and NJ mhlc eX-
ptdi.ucy NtGOui mtruGLg Upon t!hS province oil
I.r,atIon IN fhr least have vet Thought ~" sub
j,.- o. -Ich critl al importance IN ne drtIa C1hQi-
non or our ahairs. As 10 present an occasion f tf
exercise of the duty imposed by the Constitution on
tie President. of recommending to the CONSIDERATION
al CONGRESS such measures MS Doe shall Judge ne
cceSary and expodcut." Holding the opinion r.
do that neither he inter SIS of tie Government nor
@ the people Of tho United Stltes would bc
promoted by dispIraelng 81 Yer rs one ol iho Two
precious metals which furnish the coinage or the
world. and thai legislation which looks 10 MAINTAIN
ing the volume Of intrinsic money 10 rs u measure
OF nOih metals as thair relative commercial value
VIII permit, would be neither unjust nor mo Xp.d!-
cut, / musi ask your Indulgence to brief and deh-
mite statement OF certain essential features M amy
sucn egi latiyc measure, which feel 10 my duty TO
recommend.
EXPECT ON TIRE SAIIO>'s CREDIT
do not propose to enter the debate represented on
both sides by such able disputanis III Congress, be
fore tho people and IN the press 10 the extent to
which the legislation Of any ore nation can control
this question, even within Its own borders against
the uuW1tten laws Of trade. the positive laws Of
otherGoycrnments Tie wisdom Of Congress IN shap-
ing any particular law that may be presented foT my
Guproval NAV holly supersele the necessity Of my
outerng into these considerations, and i willingly
ayold either intricate inquiries. II - only
certain pain and practical triiS OF sHch legislation
that desire 10 recommend = your attention. In
any Legislation providing Tor silver coinage, regt-
latiug It's value and mpartng 90 IL the quality Of
le-al-tendeI, n seems TO me OF great importance
that Congress ,h0Jld not lose sight OF ITS action rs
ouoyatiug i'm a twofold capacity, and IN TWO distinct
Ii the United States Government were free from
public .bt It's legislative dealing vita thr qucS-
lion OF silver coinage would he purely sovereign and
1yeruaentai under no restraints but those OF con-
f.ituti0nal pOwer-the publc good rs affected 10y
the proposed legislation bat III the actual CIT
public debt distributed very widely among
own citizens and hud M grea.
Coinage measure As ailcctire this relation Of the
Government 20 tine holders Of the public debt be-