The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1877-12-15


a new issue of silver coin, and made
so much less valuable. The power
of the United States to coin money
and regulate the value thereof
ought never be exercised for the
purpose of enabling the government
to pay its obligations in a coin OF
less value than that contemplated
by both parties when the bonds
we're issued. Any such attempt
would involve a violation OF public
faith and injure the public credit.
He believes that adherence to the
act of March, 1869, providing for
the payment Of the bonded debt ID
coin, will cause a rapid reduction
of interest on the national debt to
an amount exceeding $40, 100000
per annum, and effecting saving
to the United States of over $780,
100000 before the bonds can be
fully paid.
He recommends to Congress that
il any legislation providing for q
silver coinage and imparting to 1t
the quality of legal tender, there
be included firm provision exemp-
ting the public debt heretofore IS
sued and now outstanding from the
payment of either principal or in
terest in any coinage of less COM
mercial value than the present gold
coinage of the country.
The civil service of the country
has attracted much attention. Both
parties have declared for reform,
and the measure advocated shSuld
be followed by earnest and prompt
action on the part of the Legislative
! and executive departments OF the
government
His purpose is to return to the
system established by the funda.
mental law, with the A+artiest CO
operation of the Senate and house
|, Of Representatives, and advocate
the making all nominations as near
" as possible impersonal, and IL
those offices in which special train
|, ing is of value the rule as to tn
tenure of Office should obtain. Ill
will do all in his power to maxi
thorough competency, eficlenc.
and character the decisive test II
these matters, and he asks that
suitable appropriation be made t.
enable the Civil Service Commits
|, sion to continue its labor.
. During tho past year the Unite'
q States has continued to MAINTAIN
3 peaceful relations with all foreig
countries. The effect of the Turks
n and Russian war is almost entirel
a European, and the treaties betwee
O the United States and the tw
i countries have been strictly CON
4 piled with. He refers briefly to tn
# Paris Exposition of 1878, and be
;. lieves that the acceptance by tn
r United States of the invitation
Il participate will stimulate intern'
"a tlonal commerce and emigration
"a and promote friendship betwee
the two countries.
70 Regarding the extradition treat
At between the Great Britain and Il
70 United States, and the questions
n issue under it, he says it is prob
If BILE that all disagreements will
w due time be settled, and, If niece
n. sary, more explicit declarations
made in a new treaty.
~ Referring to the Mexican que
nj ton, he says that the recognize
no of Diaz has been deferred on a
Of count of the Rio Grande bord
q. troubles.
This, however, has not interru
~ ted, nor does he anticipate any
a. terruption of friendly relations WI
W. Mexico. He, however, feels it M
~ essary to call the attention OF 20
,ct gress to the troubles on the Me-
~ can border, so that the lives a
H. property of our citizens may
III equally protected and peace p'
90 served.
10. On the subject of the Cub
n: struggle, be says it is attended "
tlv incidents affecting American int
- ests. He refers to the seizure
81 vessels, and to the arrests OF Am
,st lean citizens. The Spanish govel
rn ment haa offered repsration for
rae these offenses. but they are, new
nh theless, greatly to be deprecated
INV The estimated revenue for
lue next fiscal year will impose ur
s 8 Congress the duty Of strictly III
ion ted appropriations. including
.;or raou;sife ann for the maintalnal