Daily Los Angeles herald., 1879-12-03
PRESIDENTS MESSAGE.

| Dull IlOuStS VI SOBSic ICES nlc'
at noon yesterday, and after per.
fecting their organization, the
Presidents Message was received
and read. 1t is voluminous doc.
ument, and gives very complete
survey of the political and econom-
Ical condition of the country.
1t alludes with satisfaction to
the great and rapid increase of our
foreign commerce, giving a large
balance of trade in our favor, and
improving the public credit by the
attraction of gold to our country
from abroad. The progress of re-
funding has made an annual saw
ing In interest of S14, ,297,177. The
amount of national debt which
natures within less than two years
is 1892, 121, ZOO, of which $500, ,000,-
600 bears interest at the rate of
| FIVE per cent. It Is believed that
this part of the public debt can be
refunded by the issue of four per
cent. bonds, and by the reduction
of interest which will thus be af-
fected, about $11, 200, 900 can be an
nually saved to the Treasury. 1t
asks Congress to refrain from ac-
tion on the subject of establishing
a legal relation of value between
gold and silver, in view that the
leading commercial Nations of Eu-
rope are endeavoring to agree upon
one rate.
A SOP TO THE NATIONAL BANKS.
The message says that the retire.
ment from circulation of United
States notes, with capacity of legal
tender in private contracts, is a
step to be taken for its progress to-
ward safe and stable currency,
which should be accepted as the
policy and duty of the Govern
ment and the security of the peo-
pie. Its my firm conviction that
the issue of legal tender paper
money, based wholly upon the au-
thority aud credit of the Govern
ment, except in extreme urgency,
Is without warrant in the Constitu
tion and in violation of sound
financial principles. 1t Is recon-
mended that the existing laws for
the accumulation of sinking
fund sufficient to eXtinguish the
public debt under limited period
be maintained. If any change of
the objects or rates of taxation is
deemed necessary by Congress, it
Is suggested that experience has
shown that duty can be placed on
tea and coffee which will not en-
hance the price of those articles to
the consumer, and which will add
several millions of dollars annually
to the treasury.
PoLYGAMY, ETC.
The message recommends more
stringent provisions to the law
aimed at the suppression of polyg-
amy in Utah, and suggests the
withdrawal or Withholding of the
rights and privileges of those who,
in the Territories, violate the law.
1t asks Congress to remedy any
defects in the laws so as to secure
the free exercise of the right of suf-
frage to all citizens.
1t devotes paragraph to Civil
Service Reform, and declares that
what has already been done in that
direction has been beneficial to the
public service. 1t requests Con-
gress TO make the necessary appro-
priation for the resumption of the
work of the Civil Service Commits
sion, which has been suspended for
some time for want of means to go
on. In this connection the message
denounces the practice OF making
levies for party purposes upon the
salaries of public officers.
THE CHINESE QUESTION.
The message says on the subject
of Chinese immigration, that the
Government of China has signlfied
its willingness to consider the ques'
tion of the emigration of its sub.
jects to the United States with O
dispassionate fairness, and to CO.
| operate in such measures as may
| tend to prevent injurious copse.
querces to the United States. The
negotiations are still proceeding
and will be pressed with diligence
THE MEXICAN AwARD-IsTHMUs
CANAL, ETC.
| The third instalment of the Mex
lean award has been put in course
of distribution, and in connection
with this subject the Presiden
draws highly satisfactory pictur
OF the good feeling existing be
tween the two Governments
: feeling which he believes will lea,
to an expansion of our trade will
Mexico, and an increased contribu
tion of the capital and industry O
our people to the development @
the great resources of that country
He recommends legislation look
ing to this result.
0 Alluding to the resumption of di
g plomatic relations with Colombi0
D he says 1t is fortunate in view {
e the great interest now felt In a
d inter-oceanic canal. He mention
/ the Nicaragua route only, and "
j. presume this route is favore e
9 our Government over oil 0 der
II He trusts for enlightened ste G
# manship that will lead to thu oai
If struction OF this great work. 40
n not doubted that should the igl.
j. be undertaken under the prottoli
Is auspices Of tie United Slater. az
i upon satisfactory concession {
T. the right of waV and its secnri y {