Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1879-12-03
Presidents Message.

I LARGO nnd nnIIqnnT mpoqIIrp Of ma
tional prosperity which we now enjoy.
. -
RESUMPTION OF SPECIE PAYMENTS.
The most interesting events which have occur
red In our public affairs since my last animal mes
sage to congress are connected with the financial
operations OF the government directly affecting
the business interests Of the country. congratt-
late congress on the successful execution 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 LIST OF
January last they have been promptly redeemed
on presentation, and In all business transactions,
public and private, In all parts OF the country,
they are received and paid out as the equivalent
OF coin. The demand upon the treasury for gold
and silver In exchange for United States notes has
been comparatively small and the voluntary de-
post Of coin and bullion in exchange for notes
has been very large. The excess OF the precious
nstais deposited or exchanged Tor United States
1 1 oyer tne amount OF United states notes re-
oee'neu IL ABOUT Sao,ooo,oo.
| RrsISrss REVIVAL, Ann prruNp,so
Tho ros,,,,,,.. =, - .4'.'
followed H., IT,. W speuie pynnen's has peen
with c,rsa,a, sie, IeN. viva, VI business.
Of The commercial ord WOO ,o nohe e1v .
nnon :, ni Mo,u we mie enaoleu " enter
trade ana nraa volpe''t9n Men o.ner nations 10
mand To- 49, @ W. 'es,ns iuie!fn W.
| nrod,,o, o", in's,,,upnn.ute's hnu "g,cm,urai
pnr favor sh,os ha aige 9aiance o, ttaoe IN
tst ~ III H.. ~ ueel P',p N suu IIoll .le
~, 49,, ~ 20 MoVemDet I2tn, 70 tue amount
snecio M rnou.' H. Ineo ile Lesu',lp.ion U,
.pd aPt;s ,inens 'lere nas also peeh marken
Tho bonds ~ ,ha ., .ue paonc c'e s
ner cont in,are euo % 1ei,'ng pny iour
srf,oian. ~ nay peen soiu AZ OF ABOVE par,
doh, ,,b;oh III @ w. phS VI, ~ VI WV n.t i
The amorn, -, is',esnn. a u,uer pr1sen, avs
nrocess Of re,nana ~ 49, ~. hdnmufy ~ ,ne
ts77 n az ou7 IN RE uepi, slnge Marln lst,
in small sn,,a ',,s uouus solu we're l,go,y
nor hnia;r e. "iu uno nu,'Der ~ our on.ns
than owau tle p"1 NY 5ecuIiues " uch gIealer
debt which ,ua,rros ;,h oas . %, tno na.ola
| "
y, 10 49, ", o. wnIon soVvo,Vvo Vear inteftst
honas hao,na ~ pe' Ell anu .ne uaancv " ~
that th;s nn st ~ per cchn ,n,etes, IL oeleyea
hv Tho jslna ~ t'. poao ueJ' e We 5e'a ,,
reduction OF interest which will thus be effected
areasnr Tii'''o'oVo c'n oe annuaiy saved 10 inc
''e"''iy' ,.,...... ........-
'oiNA"h VohsrloNs'
The coinage OF gold by the minis OF the United
states during the last fiscal year was $40 $780,
w. me coinage Of silver dollars since the pas
sage o, the act Tor that purpose up to November
1909 was 5OOO $50. OF which Sl2, 700 3ii have
oeen issued from the treasury and are now in cir
culatlon ana S32'DO'5O6 are still in the posses
sion OF the government The tendency Of the
proposition Tor unity OF action between the United
States and the principal commercial nations OF
Europe 10 effect permanent system for the
equanty OF gold and silver in the recognized
money Oh tne word, leads me to recommend that
oongress refrain from new legislation on the gen
era, SUBJECT Inc great revival OF trade, internal
ana ~, lorelgn, VIII supply, during the coming year,
us own instructions, which may well be awaited
before attempting further experimental measures
' wl.n .ne coinage. would, however, strongly
urge upon congress the Importance OF authorizing
,ne secretary OF the treasury to suspend the coin
The market voina ~ X ill., ii ,, ieSai i''o
formly and largely less than The market va7ue If
the gold dollar IL is obviously imnracticabe 10
maintain them at par with each other il both arr
coined without limit II the cheaper coin is forced
into circulation it will IL coined without limit
soon become the sole standard OF value, and thus
defeat the desired object which IL currency of
both gold and silver which shall he Of eonivaIent
value, dollar for dollar with the universally rec
ognized money of the world
THE STATUS OF LEGAL TENDERS
The retirement from circulation of United
States notes with the capacity of legal tender in
private contracts, is a step to lie taken 10 our pro
gress toward safe and stable currency. which
should he accepted ~ the policy and dntv of the
government, aud the interest and security of the
people IL Is my firm conviction that the issue of
esai .enuer paper money based wholly upon the
authority ana credit OF the government, except in
extreme emergency Is without warrant in the
constitution, ana violation OF sound financial
principles. Inc issue OF United States notes
uIur n We h,e clvl war with the capacity OF
regal tenner between private individuals, was not
authorized except as means OF rescning the
country from imminent peril. The circulation Of
THESE notes as paper money, Tor any protracted
period oil time after the accomplishment of this
a =
we law nnder when they were issued. They an
ucipated the redemption and withdrawal OF these
NOTES AZ the earliest practicable period consistent
WIN the attainment OF the object for which they
WE'RE pro'iueu'
TAX ON TEA AND COFFEE
The nolicv of tba I1ni,od s,o.os ,..,u
bered IN from the adnnton ~ ~ s.ei, au
has heen to avoid III ,rna,; wv .uu,'.," ~,
and ,.han TO- ene eiu,''ion w na'lona aeDt
have been created ,ho, i, va haan Ia sr ~
return Of neace az andy o osnbin w wa, ~ ~, az
view and Tor his nnrposa II Il; rocapan5 , i,
tho axst;ro ,a, ~ ~ ~ tna'
inc f,,nd Sn%;ar, 10 a,;,t Az, o, y SINK
within a l;ni,od nar;oJ hn s sn .ue puo'iu ueu
CHANGE 81 tho dfh;ec,s o rtan NJ a. any
deemed necessarv bv conarass 4, 1'n ,'.n,as
that exnerience I.s .hoa,, r., a. Gu
n,aced IN taa nd on,roa h;o la nj, "''s eai oe
The nrice Of those article" t ~" a nu' a
which viii IA oayorai ,,;iii, ~ !, lii, anu
To the treasury '''''''"' Vi uo'''''S ""nu'"9
,o,yo.,
~,
Inc continued deliberate violation by large |
number oil the prominent and Influential citizens
Q, ,ne territory Oh out OF tle laws oil the United
amy demands the attention Of every dena,tme5t |
of the government This territory has population
sufficient to enttle 1t to admission as state, and
the general interests OF the nation, as well the
welfare OF the citizens of the territory require its
advance from the territorial form of government |
10 the responsibilities and privileges of a state
This important change will not, however, be APP |
proved by the country while the citizens of Utah
in very considerable number uphold practice |
which IL condemned as crime By the laws Of all |
civilized communities throughout the world The |
law for the suppression OF this offence enacted
with great unanmty by congress more than sew |
enteen years ago, but has remained until recently |
dead letter in the territory of Utah, because OF
the peculiar difficulties attending its enforcement
The opinion widely prevailed among the citizens |
Of Utah that the law was in contravention OF the
constitutional guarantee of religious freedom |
This objection is now removed. The supreme |
court Of the United States has decided the law TO
be within the legislative power of congress and |
binding rule of action for all who reside |
within the territories. There IL no longer any |
reason for delay in its enforcement It should be |
firmly and effectively executed II not sufficiently
stringent in its provisions it should he amended |
and in aid-pf the purpose in view, recommend |
that more comprehensive ard more searching |
methods for preventing as well as Furnishing this |
crime be provided II necessary to secure obed- |
ence TO the law, the enjoyment and exercise of J
the rights and privileges OF citizenship in the ter
ritories of the United States NAV be withheld or |
withdrawn from those who violate or oppose the |
enforcement of the law on this subject
.. 49,.
rhorhorioN of CIVIL RIGHTS.
The elections of the past year, though occupied |
only with state offices, have not failed to elicit
III the Pohtlcai uiscussiohs whicn attended them
." ~ ~ eo Soun'iy, NC" 'nu uoVisNe eNiueuce |