The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1877-12-05
CLARK PlEHs0N, JDIr0R.
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Doto 1oAeoo - zz<t<<sa "sht97 =, : -
Is synopsis lie opcus with con-
rrzfutatsous 10 tougrezs zrd rtrrruurry thar
God has blessed us with health, peace and
tbun0ant hafvests, aud encouraging prospects
(. Df Ala early return Of general prosperity, TO
ss..n,,,lss., and niaikn permanent the pacIiica.
tion Ut oar country, 10 the npst important 81
slln,ss isafioiiai interests. Referring 10 Ills
Eoutharu t,ol,cy. lis hcUtrse In reference TO
which was ,ndicated IN his inaugural, the
President, s;Iy Il that wide difserrnces OF opin-
ion were TO DO expected as TO. Its Eisdom:7
The beiiefcsnt results already prove that lis
eudeayofs are not to be regarded ~ exEeri-
annie vindicatiou Of his course. he refers
10 ths,withdrawal Of arms frog two southern
States. and SAYS that It was constitutional du-
q And necessary requirement it was done
.ialiheratslv aud f0r the fs,0d OF all classes.- -
.Therresalts are sucduragiug. That portion
81 cnuntry oncc the theatre ofseiv.s strife Is
nov one If CONCORD, friendship and patriotic
Sattaclimeut TO country and the laws The
lately efaiancipnted race are in the enjoyment
Of their rights and privileges. 2
There las been IN general re-estab lishn1ent
Of ordcr. aud Of the orderly admipistratlon ct
it1stce, Useful Industries resumed, and public
tgeaft hi2S0ltb8rn States has been greatly
/, tstaenp tlieueds b'st1eis 81 2sAEf9 NN3'1S
Still speaking OF the Southern question, the
President says: TO the Legislatures the
courts and the executive anthorities Of the
several states, earnestly appeal to secure
the common uniform rights Of 4 united peo-
ple. which loves liberty, abhOrs oppression
and reyeres' Justice. These objects are very
dear Il, nv heart and shall earnestly work
for their attainment, and ask the cordial
oo.onerafion az All classes and Of all sections
of the country, Of both races 4 r, 800
Regarding specie resumption he says no is
still as confident as he expressed himself In
His inaugliyalthat policy OF resumption should
be pursued by every suitable means, and that
no L eis,ation would be wise thut would REL
tard ssr,adinmsnt If snch result. He Is con.
WINGED that any unsteady methods instead Of
removing the iaconvenience inseparabie flom
The, nsitiou az Il irrcdeemable to redeeirla-
III na,,er ca,r,pncy yould only tend toihcreased
ana nrolonged disturbance in values. Unlcss
tIIis strinrency Il relieved il must end in SER
ir,,,s dIsos7jor ,;s,,ou,,t a, lsaste, In govern.
.s,.,,s ] ',.s.,,,, sl "a ncay assyt;,as 3s
He c..ns;5ars ~ great in,nortance he mas.
.;os ~ rsa ;,,sf,nant ~ onr coinage syr,sr,,
81, wal NM siivs, dailar - an alement
~ ~. a,,c; ~ r<,,cv. N oyyud bv leasla
s;..s I'LL ,,,a ,..,as;ts s.f ie.,al ten,ler Ton
.rrsss ~. - - hos he r..xer nader the Con.
sts,t,o., =, n;,, ,,,onev and rsgulate The val
ue theroof and he considers Il his duty to
-, ;.s n,,,s;.iarat;on carfain nec
xcommcnu 20 ,.s 'ons'o.as'oA 10y
re- bslisvss chat n anu. .leg,s,ation provid-
fnc az silyer cninsye. rsgulatinv it, value and
;,,,a,,;na =, II tha nnai;tv "a leral tenders.
S,.,s ,id ,,,t i,,s. sjol,t ~ liz action as
e, s,,d "a and n two
Si1s,,ns s s,;sa.,i,,,s re- ne government was
Srss fso,, nnhi;c debt It's legislation would be-
nnrelv covernn,antal. under no restraint but
thoss s of CONSTITUTIONAL powers and the public
rood INT with "a, vast debt the nature Of
Of interest e, our bondholders. The oblga,
tion If public faith transcends all questions
~ pro proh s.,h,,o d.nt ~ t,e United statea
.mn,,ntinc 10 s7So 00o. 600. bears interest at
lie rita IA In mar cant. and SITS, 100, OUO at
ths rats ~ ava ,er cS,,t' and the only way IN
,yl.,sh the country cal, be relieved from pay.
vantaceouslv Funding the indebtedness.
Wnetncr this debt Is ultimately paid IN
gold Of In silver coin Is Of but little moment
compared with the possible reduction Of in
ta,est ons-third by funding IL at such re-
duoed rates. IL the United States had an UNI
ousstioned right 10 paw its bonds In silver
coin the little benefit from that process would
DO greatly overbalanced by the injurious ef
foot of such payment. II made or proposed
against the honest convictions Of the public
oreditors.
All bonds that tho Government received
gold for should be paid for Ii gold. To re-
ouire pnblic creditors TO take iif repaymen,
any dollar of less commercial value would be
regarded BY them As q repudiation Of all OBJ
LEGATIONS assumed. The bonds issued prior
to 1878 were issued at d time whom the gold
dollarwas the only coin In circulation or coii
templated by either the government or hold
ors OF tho bonds. The power Of the United
States g coin money AID regulate value there.
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