Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1879-12-01
elss. I,EsE:s;spGw- : 5sG3s.&z9aE.

C0DSIcH5, Wa3 puUl!SucG tiilo uo.Ci"S' II -
very long document, aOd We, therefore, give
only the salient points as folIoos:
The President says that Consr,Es assemblies
under circumstances calling fer mutual corg graf
ulalions and grateful acknowledgment to tic
Gigcr Of eli good ior the !srgo and u0usua!
measure Ct national fros1cily Vflah VIC no"
enjoy.
He coogIa:ulato5 Congress on tho successful
execution CT tho Resumption asi; the demand
UPON the Treasury fer col! md silver in cx"
change for u. s. notes has hrcn comparatively
email, aad the voluntary deposit Of coin and
bullion in exchange Tor nutcs has bocn vafy
large; tho excess o, tho rrccicul m,ta!s deposit
cd or exchanged f)r Il. s. noes over the
smouutot y. S. nctes redeemed il about
$40,0OO,0GO.
He refers to the eooscqueat revival Ct trade
and says the iuere; s,Gg ijreisn demand t1r cur
manufactures and agricultural rrocue;s has
caused large balsnoa o! trade "a our f,gor,
which has been paid 10 gold tr0rl the lst Of
July last to N5vcnlte: Is TO the amount ct
$50 Co., GOO. Siaoe the resumption OF sfc%o
payments there bss also hCCn marked ani
gratifying improvement OF Tic public credit.
Tho bonds OF the Government tearing only
four per cent iatcr;at h1Vo ben sold at OF
a!O9c par, :ulNGiCE3 III aGiuGut " pay ui nli
Of tic national debt. which was rodecmab!o uI'
der present laws. Tho amount Of i1t,1cs. saved
annually By the process Of refunding the debt
since March l, 1877 is $l4 .297, III. TIE
bonds sold were largely 10 small SUES. and the
lumber of our citiZens low holding tho pubic
securities is much greater than trar before.
The amount ct the rational debt, which ma
lures 10 less than two years is 1872 12l, 700. Of
which $500. GOO 600 bear interest ct the rala CT
five per cent, and tho balance is 10 houds bear
ing elk &c: cert. interest 1t is believed that
this part Of the public deb; can bo refunded by
the issue of four per cent. bonds. and By the
reduction Of interest which will thus DO effect
cd about $ll coo 600 caa he annually saved to
tie Treasury. 70 etcurc Il is i1nrcrtant rcGuc-
ton OF inttrts! to be paid by the U. S.. further
legislation is riqui!e1, which it is hoped will
be provided by Congress durirg the preser.
scssnp. TIE ctlnagc of gold By tho niuts CT
the U. S. daring tho last fiscal year vas $40
9S6. 9i2. The coinage Of silver dollars since
tho passage Of The act for that purpose up to
November ], 1879. vas SIS 000,S5 OF which
So, 700, 344 bave been issued from the Treas
ury and aTo 5cw 10 clrt atio1, and $32. SOC. SOC
arc still n tho possession OF the Government
action between tho u. s. and The priGcipal
commercial nations OF Europe 10 ctfcot per
| mauent system tor The equality o: gold aud Sill
Yer 10 the recognized nouoy Ct the world leads
me to Iccctn:ocri t.a: Congress rofrti1 from
EoT legislation or The g11cTal subject. The
great revive! CT traic, iacIGai und fovrigB vii!
supply dull2& the ciG.tg scar ia own irs:ruc
tlous, which may well to awaited b,io.c at
ppiac luc!lcT governmental measures with
the c1inagr / would. however. strongly urge
upon C;DSTts tho Importance Ct authorizing
Tie Secretary G. !hc Treasury 10 suspend the
c,lnerc Of SILVER sellers upon tic prcscnt legal
ratio. Tbs market value OF tho silver dollar
tcing uniformly AID Grscy l.sa than tho mar.
kct value OF tho Geld dollar, it is obviously i'm.
practicable to msiolain them at par with cGca
cther il both are cJined without limit. IF tho
cHeapcr coin IS forced into circulation it will if
c):ncd H:;hoIT limit, soon btcomn tho solo
standard CT value, and thus defeat tho desired
ct 1T whoa Is q currency Of both gold and sill.
yer which sh.:l ho Of tqaicGcnt ya,u,. dollar
Tor dol. r. W III the universally r cognz,t moc,
| cy ,i the world. The reti!cm,nt from crcu!a
lien U! TIC u. i. nntca with the capacity OF ic-
gal tender ~ private ctn.aca is step 10 he
taken ii Gus !vogfc"a loEard safe and sable
clrrcGcy, Wish shouI 10 asserted IN tho
p3l;cJ AT! iu'y 81 ihn GJvtcrmcut and tho ia
| tercs. and security {. tho people Il il my
!ifm aarvia.inn i:a: tie issus Ct Irpa! tcpder
pa:er mln.Y hss d wholly u!ol Tho authority
crd crc.:it c! The G1vcra;acn, except i, cx-
| t'omu GacIgcIty, ii Tithtu; warrant IN the
COGsitr!iOu. ard . viola l1El CT SQUAD iioancial
ri.I ci:ira inc i-sun & II. s. uCtra daring the
In c evil '2nr w:h hN capacity ( ! g.l tender
| b!lWccn private luJ!v!dul!S vas 40: nuthOIig-
| cd except az 6 aJcaGs .! rlS3ning tho cnuGtfy
| from imminent p:r. TIC Ciuua: oF these
| notes IA a papr mun y for aGy WO.ractca
ptriOd ii tlilc aiiir Tho accomplishment Of thi7
purpose Ha4 not c:ncmpa;c ity Tho trainers Fl
| tbs Law uGd,r which they were issued. -
They Anticipated III, iGGrmpii1n AID With
dfaWal OF ihfsi rot:a at Tho earliest praiti-
cal period caGss;cat with liz a:taium9nt Of
the OK jlot FOX 0tch they wctc ,rLvidut. The
! rci!cJ oi the Uoittd Stated steadily adhered TO
from The adoption OF SIC CanaIilu ion has hecn
to avoid the ofes!oa OK 3 National debt, and
who's from necessity in tic ,l;uo Ct var debts
have been created, they have bee9 p2il off 90
the return ci pesc1 as rapidly as possible WIKI
this clcw, and for this purpcsr, !: 10 rjcom-
mendtd that The OK ing laws for The accumu
sion OF y aiakiug idGd sufficient 10 Cx.ngush
the public dlbi w.thiL Il limited paliod b. min
tainCd. If uty change Of the OF jsc'a or rates
o. teXstlon il deemed Icc: sslry by Corgrlss il
is suggested that experience has saGwa that
duty can be placed on tea AID coffee which will
not cnhaic; TIC rri.c Of those articles TO the
consumer, and which will add several millio, OF
dollars annually 10 the Treasury.
On the subject ct poi}gauy, tho Pres d n!
ssys: Utah has G population sufficient to ensit!e
it to admission as State, end tn, general it,
terest Of the pa!ioD, as well as tho welfare of
the cl;Zars Of The Territory, tqires is advance
from the territorial form Of government TO the
responsibilities and privileges CT State. This
important charge Will not. EoRever, be ap-
proved by tho couotry, while the ciz,rs of
Utah, in very considerable number, Uphold q
practice which is ctnlenncd IS crime By til,
laws Of all olvilZ I'D communities throughout
the world. Ho men i}ns that the Law for tho
suppression CT polyeGuy has COW bcon decided
by the Supreme Court es 10 be within tho leg
i;Iative power Of Congress and bindiog es o rule
of action fjr oil who reside within tic Terrific
RIGS. There is 60 longer any reason for delay
or hesitation 10 its enforcement; it should be
firmly aid Effectively executed; ii pct sufficiently
strong in its provisions it Should 10 ameIdcd,
and 10 aid Of the purpose 10 view | recommend