Chariton courier. (Keytesville, Chariton County, Mo.) 1878-current, 1879-12-06
The MESSAGE.
Eellow.citl.en. of the Senate and House of
Representatives:

Feliow-Citisens of the Senate and House of
Representatives:
The members of the Forty-sixth Congress
have assembled in their first regular session
under circumstances calling for mutual con-
gratulations and grateful acknowledgment to
the eiver of all good for the large and un-
usual measure of National prosperity which
we now enjoy. The most interesting events
which have occurred in public affairs
since my last annual message to Congress are
connected with the financial operations of the
Government directly affecting the busi-
ness interests of the country. / con-
gratulate Congress on the successful execu-
ton of the Resumption act. At the time fixed,
and In the manner contemplated by law, United
States notes began to be redeemed In coin.
Since the 1st of january hast they have been
promptly redeemed on present tation. and in all
business transactions, public and private, in all
parts OF the country, they IRE received and
paid out as the equivalent of coin. The de-
Inand upon the Treasury for gold and silver in
exchange FOR United States notes has been
comparatively small, and the voluntary de
posit of coin and bullion in exchange for notes
has been very large. The excess of the pre-
States notes over the amount of United States
notes redeemed is about $40,000000. q
followed by d very great revival of business
With currency equivalent in Value TO the
money of the commercial world, we are ena-
other nations in trade and production. The
increasing foreign demand for our manufac-
lures and agricultural products has caused a
large balance of trade in our favor, which has
been paid in gold, from the LIST of July last to
November IS, 10 the amount of about $5s, ,000,-
there has been a marked and gratifying i'm
proyement of the public credit. The bonds of
the Government bearing only 4per cent. inter-
est have sold at or above par, sufficient in
amount TO pay OH all of the National debt
which was redecmable under the present
laws. The amount of interest saved annually
by the process of refunding the debt since
March /, 1871, is sll,ss7,177.S The bonds sold
of our citizens now holding the public securi-
tics Is much greater thQn ever before. The
amount of the National debt, which natures
in less than two ye5rs, is S5g 121 200, of which
S60.000,tO0 bear interest at the rate of five
per cent, and the balance is in bonds bearing
Of Of tho the public debt % cam be a refnnded ef1S ld
by the issue OF four per cent. bonds and
by the reduction of interest which will thus
saved TO the Treasury. No secure this impor-
tnut reduction of interest to be paid by the
United States further legislation is required,
which 4 is hoped will be provided by Congress
during It's present session. The coinage of
gold by tne mnts Of the United nit si states during
The coinageof silver dollars since the passage
y the act for that purpose up to November l,
been issued from the srseasnrys sand are now in
crclaiatiess, anu Sc, ,300 sos are still in the pos
session of the Government: The pendency Of
United States and the principal commercial
nations of Europe to effect permanent
ssa for he eualty Of geld and n,s slysr
leads me to recommend that Congress
refrain from any new Legislation on the gen.
ternal aud foreign. will supply during the
coming year its own instructions, which may
well be wstsd before attsmPing further ex
would, however, strongly urge upon Congress
the>ipportance of authorizing the Secretary |
Of silver dollars upon the present legal |
ratio. The market value OF the silver |
aSlar, ;sl. being uniformly and. largely less
e obviously impuctieables 10 maintain 4
them at par with each other il both are coined |
into circulation il viii, il coined without limit,
soon become the sole standard of Value, and |
thus defeat the desired object, which is a cur. |
rency OF both gold and silver which shall be of |
equivalent value, dollar for dollar, with the |
universally y-recoenized money of the world: |
States notes, with the capacity of legal tender |
In priv vafe coutructs, is n step to be taken in |
our progress toward safe and stable currency, |
duty OF the Government and the interest and |
security of the people. 1t is my firm |
paper money. based wholly upon the authori-
~ and credit of the Government, except in |
extreme emergency, is without warrant in the
and a violation of sound fnan-
cini principles The Issue of United STINT es |
notes during tho late civil war, with the ca
not authorized except as a m cans
Of r-Seulpg the country from Imminent peril. |
The CIR ulation OF these notes as paper money 1
complishmeut ot this purpose was not contom-
plated by the fraynors or the laws under which
they were ere dsslcd & They anticipated the re-
the earliest prncticabie period consistent |
with the att;ii,imenf Of the object for which
ed Suites sieadily adhered To from the adop
ton OF the Constitution has been to avoid the
in time of war, debts have
been created, they have been paid of ON the
return return ef pcace nssrapidly as possible.
pose. it is Recommended that .tho existing
laws for he accumulation of n sinking fund
! iimised period be M be maintained' f If any change
Of the objects or rates of taxation is deemed
necessary by Congress, IL Is suggested that ex-
an tea and coffee which will not enhance the
price Of those articles TO the consumer, Lssd
which WI add several millions of dollars an
1ually to the Treasury Ill
THE SUPPRESSION OF PoLy6xNY.
The continued deliberate yiol1tion by II large
% R r ah 9a ~ tse e
he United States for the prosecution and pun
shment Of poiygsmy merits the attention
{ to admission as State The general
he welfare of the citizens OF the Ter
.itory, require, its advance from the
rerritorin form of government to the respor-
Dorfunt ohnnge will not, however, be approved
BY the country while the citizens of Utah, in
very Considerable numbers uphold a practice
which is condemned as a crime by the laws Of
Ill civilized. communities throughout the
yorid- The law for the suppression OF this
Congress mors, than seventeen years ago, but
eas remained until recently dead letter in
ne Territory OF Utah because of the peculiar
1iinculties attending its enforcement. The
opinion widely prevailed among the citizens of
tab that the law was in contravcntion of the
This objection Is now removed The SUI
preme Court of the United States has decided II
Ihe law TO be within the legislative power of
= N lss ff nett
III VINO resided within the Territories. There
y no longer any reason for delay or hesitation
effectively. executed. If not sufficiently
stringent IN its provisions, ii should be
HS Ssndsd; and. ,n.s IN aid of Of, the purpose
prehc,.eive and more searching methods for
prove1ting rs well as Furnishing this crime be
the INV, the enjoyment and exercise OF the
rights and privileges OF citizenship In the
Territories Of the United States may be with
oppose the enforccmento OF the law on this sub
ject The sbIS sIiISti8n5bsf %1sb state oo % ma, ,,
which .t sfsenssd them all over the country
which the great body OF citizens take in the
progrcss OF the country toward more gem
ever cost, Of universal security and free
dom in the exercise of the elective franchise
While many topics of political concern demand
sphere Of National and State authority, 1 find
no reason to qualify the opinion expressed
In my last annual message, that no temporary
or administrative interests. of Government,
however urgent or weighty, will ever destroy
the zeai Of our people in defense of the \
primary rights Of citizenship, and that the \
power Of public opinion viii override all Z
political prejudiccs and all sectional and
State ottashmenfs In demanding that all over
our wide farritOry the name and character OF
Citizen % the United States shall mean one
and the same thing, and carry with them un-
sppeeI ,o ne s,g sna ana patretism of
all good cifizens of every part OF the country,
however much they may be divided I'm opin-
ions on other political subjects, TO unite in
obedience to existing laws aimed
u the protection Of the right OF suffrage
respectfully urge upon Congress TO supply
any defects In these laws which experience l.
has shown, and which IL Is within Its power to
remedy. again invoke the co-operation OF
tse ts Executive and Legislative authorities Of