The Jasper weekly courier., 1877-12-14

sumption of specie payments, our inferna
trade and foreign commerce may be bronr h
into harmony With the system ~ exchange
which = based upon the precious metal. a
the intrinsic money Of the world. In IN,
public Judgment that this end should b.
sought and compassed speedily and re
curely a. the resources OF the people ant
the wisdom of their Government can ac.
c"mplish, there i much greater degree ol
unananimify than Il found ty concur il the
specific measures which will bring The
country 10 the desired end or ths
rapidity of the steps by which n
can be safely reached. Upon most an io,-
ana deliberate examination, which have
felt II my duty 10 give 10 the subject, I am
the more confirmed In the opinion which /
expressed IN accepting the nomination for
the Presidency, and again upon my inaugu-
ration, that the policy OF resumption should
be pursued by every suitable means. and
that no Legislation would be wise that should
disparage the importance or refard the at
ninment OF that result. have no DISPOSE
lon ana certainly no right TO question the
sincerity or the intelligence of opposing
opinions, and would neither conceal nor
undersalue the considerable difficulties and
even occasional disfresses which may attend
the progress Of the Nation toward this pri-
mary condition 10 IT. general and perma-
nent prosperity. | must. however. adhere
70 my most earnest conviction that any
wayering In purpose or unsfeadiness in
methods, so far from avoiding or reducing
the Inconvenience lnseparable from the
transition from an irredeemabie 10 re-
decmable paper currency, would only tend
10 increased and prolonged disturbance In
values, and. unless retrieved, must end IN
serious disorder, dishonor and disaster In
the financial affairs ~ the Government and
OF the people. The mischiefs which / ap-
pretended and urgently deprecated are con-
nned 70 no class of the people, indeed, but
seem 20 me most certainly 10 threaten the
industrious masses, whether their occupa-
tions are Of skilled or common labor. To
them, II seems 70 me, il is Of prime i'm
portancf that their labor should be COM
pensated in money which T. Itself fixed IN
exchangeabe value by being irrcyocably
measured BY the labor necessary 10 i;s pro-
duction. This permanent quality of the
money of the people j. sought for. and can
only be gained by the resumption Of specie
payments. The rich, the speculative. the
operating, the money-dealing classes NAV
not always feel the mischief> of, or may find
casual profits in, variable currency, hut the
mi-fortunes of such currency 10 those who
are paid salaries or wages are inevitable and
remcdlcss.
THE REMoNETIzATioS or SILVER.
Closely connected with this general sub
leci OF the resumption ~ specie payments i
one of subordinate, hat -fiIl Of grave i'm
portance. mean the readjusiment Of our
coinage system BY the renewal Of the silver
dollar a. an element in our specie currency,
endowed ~ legislation with the quality 0f
legal tender toa greater or less extent. As
there J. no doubt of The power Of Congress
under the Constitution 10 coin money and
regulate the value thereof, and a. This pow
er covers the whole range ~ authority ap-
plicable 70 the metal, the rated value and
the leeal-fendcr quality which shall be
adopted for the coinage, the considerations
which should induce or discourage parfic-
nlar measure connected with the coinage
belong clearly TO the province of legislative
discretion and Of public expediency.
without infruding upon the province u
gei Thought the subject of such critical inn
portancc, IN the actual condition of our az
airs, a. 70 present An occasion for the exer-
.lse ~ the duty imposed by the Con~iifu-
ion on the President OF recommending 10
ne consideration Of Congress "such meas
Tres A. ne snail Judge necessary and eXpe-
nent." Holding the opinion. a. do. that
ieither the interests of the Government nor
y the people of the United states would be
promoted by disparaging silver a. one OF the
wo precious metals which furnish the
oinage Of the world. aud that legi-la-
ION when snail look tc mainiainingthe vol
lme 81 that intrinsic money 70 a. fun
Measure OF both metals a. theirrelafiye COM
nercial values will permit would be neither
lnlu>i nor incxpedicnf, must ask your in
Iuigence % a brief and indefinite statement
4 certain essential features in any J
uch legislative measures which | feel
my duty 20 recommend. 4 do not 4
'ropose 70 enter the debate. represented :
"a both sides by such able dlsputants in .
'ongrcss and before the people and IN The
resS, n 10 the extent ~ which the legisla- a
ION 81 any one nation can control this 1ries- =
ION, even within it, own borders, against
ne unwritten laws Of trade or the positive I
Avs ~ other Governments. The wisdom n 9
ongre~s IN shaping any particular law that !
lay he presented for nv approval may 4
holly super>ede the necessity of INV enter \
lg into these considerations. and willing
avoid either vague or intricate inquiries 4
|. y only certain, plain, and practical traits \
lend - your attention. In any legislation
roTuing Tor siker coinage, regulating ifS
AIue. ana imparting 70 II the quality Of
gal lender, u seems 70 me Of great impor-
nee that Congress should not lose sight of {.
action A. operating in two-fold capaci- n
''anu IN Two distinct directions lfthe Cnif- cl
testsovcrnmenf were free from a public 81
Hbt, ~ legislative dealing with the uues- NJ
~ 81 silver coinage would he purely SOW n
eign and govcrnmenial,t under no restraints Z,
y those 81 constitutional power and the II
'uic W.. Svou ~ anecied BY the proposed leg u
latIon. but ~ the actual circumstances of ri
= Nation, with vast public debt disirib- 81
~ very widely among our own citizens. te
y held IN great amounts also abroad. The n
lure of the sil,cr-c0inage measure. AZ ar n
cting This relation ~ the Government 70 III
holders OF tho public debt. becomes an i,
sment IN any proposed legislation 81 tha al
gnesi concern. The obligation " the pub ~
\ iaith iranscends all questions OF profit or o,
Ibhc advantage otherwise. and H. un- m
.sstionablc maintenance will ever ~ care NJ
liy guarded by Congress and people alike. III
san nnt even add 70 our peoples sense ~ N
i Obligation 70 know. a. they a.. M
~ sMch maintenance j. the dictate n
wei M me highest cxpcdicncy th
OF the most necessary duty. uI
TiIE rrMIc DEBr n
lns h United states tc The amount Or s.2a.- nj