Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1882-12-08

| the Transmission to Congress with the
message of voluminOus correspondence
and other papers covering the subject.
The President congratulates the conc-
| try upon its prosperity, and favOrs rigid
economy in public expenditures and re-
duction of the internal taxes. He indOr-
ses the recommendation Of the Secretary
of the Treasury that the tax on distilled
spirits, tobacco aud frrmented liquors be
reduced to a minimum consistent with
sufficient revenue to meet largely in part
| the ordinary demands of the Government.
| He favOrs Otherwise the abolition OF III
ternal taxes, leaving spirits. tobacco and
| fermented liquors t" bear the burdan
| A considerable portion If tue mess 'ge IS
| devoted TO a report of the operation c"h-
| nrcted with the refunding Of the thret-
and half per cent. bonds INTO three ri
| cents. From the fact that these latter
bonds ruled at II premium, the President
suggests 10 Congress that IN his Oplnlui
| the time ia now ripe for legislation Wi'lc'
| will enable the S-cie, AIRY Of the Treasury
| to further continue /" refund 'h- debt
| He thinks the experience VI the year Gu
| clusively SHOWS INA. the bonds o! tie II
| ton bearing per C mt. inle,es' ca
successfully piac- d. H. as,'-ga IS t.
amount Of interest II Will Hqi lre 10 y
| the four and fnur-A' d a-i,a. t.s
| tUalu Out SCdnUIie ulCli tut ~ w
| cludes that wise sta tsmausaip ~ ghI
| find out some means of escape from t.
burdens of such heavy drafts upon IT,
Treasury on accou t of interest. He re,
ommends no specific plan; bu', il som.
| portion Of the bonds are not funded. ia
| vOrs modification 1T the law. 80 that N i
| tional Banks may in some way have TN
advantage of the premium on snch bonds
as are held by the United States Treasurer
to secure their circulation.
Touching the Cariff. the President re-
news his Recommendation of last year. that
the existing VS. need revision. lie ex-
presses the hope that the labors and the
report of the Tariff Commission may be so
enlightened as to facilitate Congress IN
dealing with the subject The President
also renews his recommendation for he
| early retirement of the silver certificate on
| the ground that they form an unnecessary
| addition to the paper currency, which he
| thinks can be- supplied in sufficient am UNITS
| tn meet the demands of trade by the Ma
| tional banks.
| An interesting clause of the message is
| devote to the gold certificates. Of the is
sue authorized by the act of July r. 1882,
| $l38, 600 600 has been ordered printed for
ISSUE; up to November LIST. S21 100 600 had
been issued, and $l4, 1927 900 are held In the
vaults Of the several United States Sub
| Treasures, leaving actually outstanding
So. 1852. 280. Up to November 1St last there
had been coined under the act of Febru-
airy %, 1873. $l2S 800 $50 standard silver
dollars. of which $93 ,OU6 3S2 remain in the
Treasury vaults, and $35,323 408 are in
circulation. TIE President fav"rs the le-
peal of the law which requires fixed
coinage for each month, and recommends
that it be left to the di-cretlOn of the Sec
Rotary of the Treasury.
| Abiding to the National Banking svs-
tenn, the President directs attention to the
fact that up to October 31st last. over 10
banks had been organized. with an author-
lied capital of SIS, 1857 800, and to which
there has been issued circulating notes ag-
gregating over Sc 600 900. The total num-
Der of National Banks is nearly 2 300. =
Since the passage of the act of Congress
authorizing National Banking Associa.
| items to continue their corporate exist
ence, more than fifty banks have organ
lied.
In reviewing the report of the Postcflce
! Department. the PreSd. Mt calls the special
attention of Congress to the reduction in
the cost of the Postal service for the las,
| fiscal year. TIE Star Route Service, it is
estimated, will cost for the fiscal wear S.,
500 O0O which is more than $500 900 less
u All the cost of tins service for tile last
fiscal year, and ST 10000 less than the
amount appropriated Tor the Current year
| He tavOrS the Sugges ION Of the Pustmas
ter General for The est 4bllsh ment of Pos.
tai Savings system, and directs the atten'
| ton of Congress TO HumeiOuS recOmmen
| datlOnS calculated to promote efficiency
and secure economy in the postal service.
| For the next fiscal year the receip are
estimated in round numbers at $50 O0 600
and the expenses at SAG DOC, 900, an -stlm I.
ted excess Of receipts over expenditures OF
| 81 600 900.
That portion of the message which re-
lates tn the War Department is of il terest
i,fly because of the concurrence by The
PrtsienG in the views of the Secretary
/! touching an increase of the army and the
curiailment Of appropriation f,r public
works, The President advises Con sress
That IT the amounts apprO. rated in The
last River and Harbor Appropriation bill
there remains ON hand a lar.e untxp+nded
balance which could NOT he applied during
the year brcauSn of the late day at which
these amounts became available. Proceed.
ing on the theory that taxation is to be re.
duced, the President joius with the Secre-
ta'y of War l.. the hope that Congress fox
the next fiscal year will make no appro'
priailon On account of rivers and harbUrs
/ CACCPU III oO NO uCCCSodly "
prosecute work already begun, and for
which the preparations will have beer
| exhausted at the end of the fiscal year.
The operations of the Navy Department
are very brit fly reviewed. The attention
of Congress is invited to the report of the
| Board Of Advisors of the Navy. in vari.
Gus recommend tiOns advanced to pro-
I mote its efficiency The President concurs
with the Secretary of the Navy'in his re-
concentrations for placing the navy On a
better footing, both as to ships and arma'
ment. lie also indorses the recommends.
| tiCn that the Revenue Marine and Life
Saying Service aud Coast Survey be trans.
ferred from the control of the Treasury
| Depart ment, as a means of combining un-
der single head all similar services.
The policy of the Secretary of the Inte-
rior with regard to Indian affairs meets
| the p esidrn't approval. He urges that
/! such treat ment Of the Indians as will tend
to civil,ze them should be encouraged and
calls attention to the firm aud yet human.
.Eing Influences which have been thrown
about them during he past year, result
ing in an exceptional season of freedom
from turbulence. The Importance of a
law to allow the Indians to hold their
lands in severality is also urged. on the
| ground that it would best tend to pro-
mote the welfare and permanent advance
| ment of the Indians.
| The President congratulates Congress
upon the passage of last sessions law for
the suppression OF pOlygamy in the Terri
| tory OF Utah. The commissioners ap-
pointed under the law have been engaged
In their labors in Utah, and have made
| commendable progress. There were and
| remain. obstacles of M mean order to be
| overcome, which the President hopes may
disappear without occasion for more strln-
gent egisation. The failure of the pen
| pie of that Territory to accept the law in
its full spirit was, he says. perhaps to have
been expected to some extent, because The
radica change in the election system here
tofore prevailing, and the natural aversion
to the law of the great m j ,rty of the