Morning journal and courier., 1881-03-05
gourlaI arlS GGuritr.
Saturday Morning, March 5. 1881.
fooNr1NuED FROM FIRST pAen.]

lcoNTNUED FROM FIRST PAGE.
 and fit them by intelligence and virtue for the inheritance which awaits them. In this benefcent work sections and races should be forgotten and ,partisanship should be un- known Let our people find new meaning in the divine oracle which declares that "a little child shall lead them," for our little children will soon control the destinies of the republic.
 PEACE AND RECONCILIATION.
 My countrymen, we do not now differ in our judgment concerning the controversies of past generations, and fifty years hence our children will not be divided in their opinions concerning our controversies. They will surely bless their fathers and their fathers God that the Union was preserved that slavery was overthrown and that both races were made equal before the law. We may hasten or we may retard, but we cannot pre- vent the final reconciliation. Is it not pos sible for now to make truce with time, by anticipating and accepting it's inevitable verdict Enterprises of the highest import ance to our moral and material we'll invite us and offer ample scope for the em- ployment of our best powers. Let all our peo- @ple, leaving behind them the battle6elds of dead issues, move forward ,and in the strength of liberty and the restored Union, win the grander victories of peace.
 THE FINANCIAL QUESTION.
 The prosperity which HOW prevails IS with out a parallel in our history. Fruitful seasons have done much to secure it, but they have not done all. The preservation of the public credit, and the resumption of specie payment so successfully attained by the administration of my predecessor have enabled our people to secure the blessings which the seasons brought. By the experience of commercial nations in all ages it has been found that gold and silver afford the only safe foundation for monetary system. Confusion has recently vol ue of the two metals, but I confidently be- ieve that arrangements can be made between the leading commercial nations which will secure the general use of both metals. Gen gress should provide that the compulsory coinage of silver now required by law may not disturb our monetary system by driving el- ther metal out of circulation. If possible such an adjustment should be made that the purchasing power of, every coined dollar will be exactly equal to it's debt paying power in all the markets of the world. The chief duty of the national government in connection with the currency of the country is to coin and declare it's value. Grave doubts have been entertained whether Congress is author. ized by the Constitution to make any form of paper money legal tender. The present issue of United States notes has been sustained by the necessities of war, but such paper should depend for it's value and cur rency upon it's convenience in use and it's prompt redemption at the will of the holder and not upon it's compulsory circulation. These notes are not money, but promises to pay money If the holders demand 1t the promises should be kept.
 The refunding of the National debt at a lower rate of interest should be accomplished without compelling the withdrawal of the national bank notes and thus disturbing the business of the country. I venture to refer to the position have occupied on financial questions during long service in Congress, and to say that time and experience have strengthened the opinions l have so often expressed on these subjects. The finances of the government shall suffer no detriment which it may be possible for my administra- tion to prevent.
 AGRICULTURE AND MANUFACTURES. The interests of agriculture deserve more attention from the government than they have yet received. The farms of the United States afford homes and employment for ! more than one-half our people and furnish much the largest part of all our exports. As the government lights our coasts for the protection of mariners and the benefit of commerce, so it should give to the tillers of the soil the lights of practical science and ex- perience. ...
 Our manufactures are rapidly making us industrially independent and are opening to | capital and labor new and profitable fields of employment This steady and healthy growth should still be maintained. Our facilities for | transportation should be promoted by the ! continued improvement of our harbors and great interior waterways, and by the increase l of our tonnage on the ocean.