New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1877-03-06

of their specific import with those l have
here employed, must be accepted as a con-
elusive argument in behalf of these meas
ures. 1t must he regarded as the express
sion of the united voice and will of the
whole country, upon this subject, and both
political parties are virtually pledged to
give it their uDreserved support.
The President of the United States, of
necessity, owes his election to office to the
suffrage and Jealous labOrs of a political
party, the members of which cherish with
ardOr, and regard as Of essential Importance,
the principles OF their party organic alton;
but he should strive to be always mindful
of the fact that he serves his party best who
serves the country best.
In furtheranoe Of the re form we scotland
in other important respects a change of
great impOrtanee-1 recommend On amend-
ment to the constitution prescribing term
of six years for the presidential office and
fOrbiddlng Reelection.
With respect to the financial condition of
the country, | shall not attempt an extent
ed history of the embarrassment and pros
tration which we have suffered during the
past three years. Tne depression in all Onr
varied commercial and manufacturing in.
| terests throughout the country, which be-
gan in Sapte mber, 1873, still continues. 1t
] is very gratifying, however, TO be able to
| say that there are indications all around us
| W b CudHS6 W prosperous tltuOss
| Upon the currency question, intimately
connected as it ia with this topic, may be
| permitted to repeat here the statement
| made in my letter of acceptance, that in
| my Judgment the feeling of uncertainty, in
separable from an irredeemsble paper cur
renoy with its fluctuations of values, ia one
| of the greatest obstacles to return to
prosperous times. The only safe paper cur.
| re1cy is one which rests upon a coin basis,
| q q a +
| ible into coin.
/ adhere to the views heretofore ex
pressed by me i'll favor of congressional
| legislation in behalf of an early resump.
ton of specie payment, and l am satisf d
not only that this is wise, but that the In
terests as we'll as the public sentiment Of
the country imperatively demand it.
Passing from these remarks upOa the
condition of our own country to consider
| our relations with other lande, we are re
| minded by the International complications
| abroad, threatening the peace OF Europe
that our traditional ule of non interference
in the affairs of foreign nations has proved
| of great value in past times, and ought t
be strictly observed.
The policy inangnrsted by my hOnOreC
predecessor, President Grant, of submitting
TO arbitration grave questions in Gi4Put,
between ourselves aud foreign powers
points to a pew and inoOmparabl7 the bes
fundamentally for the preservation o
peace, and will, as / believe, become
benefcent example of the course e. b.
pursued ia similar emergencies by other ma
tiOns.
Ii, unhappily, questions of difference
should, at any time during the period 0
my administration, arise between th
United States and any foreign government
it will certainly be my disposition and NJ,
hope to aid 10 their settlement in the sam
peaceful and honorable way, thus securing
TO our country tho great blessing of peac
and mutual good othces with all the nation
| ,f fba xunrld