The weekly Elko independent. [volume] (Elko, Nev.) 1872-1887, 1879-12-07
The Pr-sid.nt's Mrssaxc.

Inc FreSiuent's hrsHnEc. Sen
Tie regular session of the .46th Cot
grssS convenel at noon, yesterday, and
the joint committee OF the Senate aud
House waited upon the President. in
forming him that Congress was ready to
rec i've any contamination he had to
make. In the message which was then
presented. the financial operations OF
the Government were first considered.
in which the county is congratulated
on the successful execution of the Ro.
sumption act, by which a wonderful
revival of business has been Effected.
whereby almost unparalleled prosperity
has sprung from comparative poverty
Tho. gratifying improvement of the
public credit. whereby bnuds OF the
Government bearing only four per cent.
interest, have b ep sold at, or above
par in amount sufficient to cancel all
the National debt now redeemable, is
referred 10 as further evidence OF the
wisdom OF resumption.
Tho amount of interest savcu annu-
ally py the process OF retundinG the
debt siuce March I. 1877, is $li, ,297..
III. The bonds sold were mostly in
small sues. and the number OF our citi-
zers now holding the pnblic securities
is greater than ever before. The
amount OF the National debt which ma
lures within les3 than two years is
ST92, l2l ZOO. OF which $500, 600, 900
bear interest at tho rate Of fve per cent.
1t is believed that this part OF the pub
lie debt can DO refunded by the issue OF
four per CEN. LOnds, and by the redur 3
ton o. i"te est which will thus be ef-
fecte'l, SIl,0O0,0rO can be annually
saved TO the Treasury. ~ ..s~ h'iG
The dc nan upon tho Treasury for
god Hud silver. in exchung ge for Uni ted
States notes has been comparatively
small. aud the. voluntary deposit of coin
hnd b''lion in exchange far notes has
been very large. The e=ceos Of tSe prec.
ions metals deposited or exchanged io-
United States notes over the amount OF
United States notes redeemed is about
forty millions.
The increasing foreign demand for
our manufactures and agricultural pro
ducts has caused large balance Of
trade in our favor, which has been
paid in gold from the lst OF July last to
November 18th to the amount of ffty-
nine millions. '.E "us :. ...... ..I '"7-
The coinage Of gold by the mints of
the United States during the last fscal
year was $40, 1856, ,9i2. Cd,
The coinage OF silver. dollars, since
the passage Of the net for that purpose
up to Nov. LIST was SIS. .S5c, 900, Of
which Sl2,700,3i4 have been issned
from the Treasury, and are now in cir.
culation. Congress is recommended to
ref.ain from further legislation on the
subject OF coinage until the pending
proposition for uuity OF action between
this country and European nations il
finally adjusted. aud the further issue
Of legal tenders, except in extreme
emergencies. is regarded rs without
Constitutional warrant, and in violation
OF sound financial principals. The
maintenance OF the laws providing for q
sinking fuud sufficient to extingnish
the national debt within a limited peri.
cd Is recommended. Touching the
laws for the suppression Of poiygnmy,
IT Is urged that since the late decision
OF the Supreme Court Of the United
SIatos, there'is no legal bur To their en-.
fortement and they should bo firm
ly executed. For tho protection of
the right Of suffcrage, tho intelligence
OF the people Ia invoked, aud il is
graveIy noted ,hnt'"tho elevation and
publication Of tho Ci,iI Service by the
Government will DO hailed with an.
proval by tho wholo pooplo. - bully
for Il. B. H. With n retrospective
cast OF his weather optic the President
mildly touches an excessively delicate
subject ,husly: 4" II mny not be easy
aud may never. perhaps. DO necessary
to define With percision the proper limit
OF political notion on part OF Federal
oilicersj but while their right to wholly
and freely express their opinios cannot
be questionable ia very plnin that th ey
should neither be allowed to devote 10
other subjects the iimo needed for the
proper discharge OF their duties, nor to
use the authority of their Office to on.
force their own opinions. .s !ra.... u
After announcing our relations with
foreign countries ms peaceful, attention
is called to tho reports OF tho Secreta.
ries Of the Treasury and Navy, and
with few recommendation upon sub.
jects Of minor Importance, tho President
attaches his signature. There's no
particular fault to fnd With the doou.
mopl, aud II tho President hnd only
ptnciieed as he breaches. there would
have been much less occasion 10 find
fault with him. ''' '..'' .. .'s.
Z DyeiSo the SIX days ending ycsterdi J
aa, H.