Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-01-29
THE COMPROMISE BILL SIGNED
BY THE PRESIDENT.
Di1iculties OF Forming the Com.
mission.
CRAMPS VIEWS on FINANCES.
He Wants to Resume Specie Payment
Next Month.
MORE TROUBLE BErwEEN THE
RACES IN SOUTH CAROLINA.
[srrciAL DrrArcnEs TO TUE Coin BILL
DALI. NEws.!
GRANT ON specie Rssumpties.

-
o..., ar. sr~.,. Rssumptiou,
w.. y.nn.r, o. -Ths pr,si.
"AsAiS"roS' 'anuA'y
dent spent an hour yesterday In conVer'
sation with n gentleman In regard to the
a....,., .a.,,,,.. =, an. e.uptrv liz
"na"''Ai
announced his BELIEF thAt Inc time mas w"
arrived when the immediate resumption
:, .,..,o- r.vu.u,s q. uossible. He said
-, ,.., /.
no hau opscr'so 'or 'e'A0
tendency In the financial anAirs Oh inc
country toward this point, and had watched
a, c,oselv. With tina yisv Of suggesting al
he nro,s,r tina measures looking 10 the
sccompIishmcnt Of the desired result.
psser,{ny IN .oms OF tbe more importan
recent commercial events, he said the sta
tistics Of our foreign show q
balance az trade In favor Of this country,
amountinr during last year 10 $40. 000.-
0OO. During tho present fiscal year, end.
I'M. nj, The 3oth Of Juno, he believed the
balance will he NJ least 500, OOO, OOO'in our
tsyor IIa Minis after four wears Of rest
.inca m. manic Of 1879. the country has
raa.LoI ! Mini vhen hsalthfui In.
',rs,rv .n5 Iscitimatc enterprise. based
on sound monetary principles, may
again he engaged In with profit. We have
ho said, In addition 10 this. got over the
idea that II IL essential TO our social life
and 10 our happiness. that We Should pur-
chase manufactured articles Of other
countrie., when We can produce similar
ones Of equal merit at homo. This Is .
very important lesson. and Is u OF the
principal elements In making q raturn 10
specie payments easier. Our people have
learned to limit their wants In . great de-
gree to the productions offered by our
home manufacturers. BY pursuing this
policy the people during tho last four
years have actually been saving money,
and this is proved by their purchase OF
United States securities and by tho gen.
eral looking about for safe investments.
The President believes not only that for
eign demand for American productions 10
likely ~ increase greatly. but that, In al.
dition TO this, capitalists OF tho nations OF
the old world will look 70 the United
States for opportunities TO invest their
money where II can DO secured from the
chances Of war. and that, too. even during
what might be considered times OF uncer-
= very creJi,sbls 10 This country, and Il
mu.i be ever a source OF pride 10 Ameri.
can ~citizens 10 know that whatever may he
tho psrploxities surrounding political
questions, the masses Of the people In the
old world, as we'll as men Of learning and
financial strength. have implicit faith In
the pc%rpetuity u our Institutions, and In
Tue WISDOM ir'ei,isenes anu %.ano.,sJ
,hav nnw loot for o~pportunitiss for
the safe investment o. their surplus
capital. IL n .sidsnee =, %
,.r.ns,ion .ircaJx rsceiyeJ from the Euro
~" nonnx .sn;ers anJ aIso in Inc fIat.
,srine wsnu,r In which our AZ per cent.
i.,rIs have i.e.n received in Europe, Al
~ s5o ooo Ooo ~ tbe.e hands have beon
Iii .nJ An. inJiraiions are Thai the re-
m=ai,inc sgao Oo0. q will he disposed OF
as raniJiy a. tbe bonds can be handled by
thc Treasury D,partmsnt aud tho Syndi.
ssts. Thc President said with the contin.
.,ion of trade In our favor, . rapid de.
manJ Tor securities Al A low rate Of inter.
-, and ,hs productive rcsourccs Of the
country In a 6ealilful condition and pre-
- 10 .mh.yk In new and prosperous
pa,.s,r,s. na mors timely moment can be
N, Inc realization Of the advanta-
o. Attending a return 10 specie payment,