Clarksville evening chronicle. (Clarksville, Tenn) 1886-1890, 1888-12-04


money Irayn from the people IN excess Of
any act ial need OF the government, and was
50 exp padsd rather than allow L Ia ranain
die in tile treasury
II thi surplus under the operntiDusof fnslr
and eqg table laws had been left IN thns
hands d the people, it would have heen
worth p their business az least per cent
per apk um. Dsducting from the amount OF
interest upon the principal aud premium Of
these bin Is for the time they had to run at
the rae OF d per cent, the saving OF 3
per ce Il. made for the people by the
purcha OF such bonds tho loss will appear
to be $3.50, 900.
This calculation would seem TO deanczp-
strate that il excessive and unnecessary
taxation is continued, aud the government
is forctd q to pursue this policy OF purchasing
its owp bonds at the premiums which it villa
be nect ssary to pay, the loss 10 the people
will be hundreds OF millions OF dollars.
Sine, the purchase OF bonds were mldors
taken, as mentioned. nearly all chat have
been fered were ct last accepted. II has
been n ade quite apparent that the govern
menb ',as In danger of being subjected to-
comhil .ations to raise their price, as nppearS
by this Instance cited by the secretary of thu
otT-ring Of bouds of the par value OF ouly
$S28 OK o SO often that the aggregate or tine
sums demanded for their purchase amounted
to more than $lg, 100000
Notwithstanding the large sums paid out
in the purchase of bonds, bhe surplus In the
treasury on tho 3Jta day Of November, loSS,
was 90, ,23i, ,oN.Ol, after de1uoting about
S20,0ul0o0 Just drawn out to- ths payment
Tor ps isors
"a, y, esl,.e.it earnestly concurs In the sees
retary's Recommendation for suspension af
the further coinage Of silver. He endorses
and c cmmends the recommendations OF the
secretary of war looking to an iEiprovemsnt
OF the usefulness AMI diciplne Of the Hr1lys
nd r.Af F1al 10 afa he Anath
Sheridan, as National afiiiction by which
the army lost the grandest OF its chiefs; the
country brave and experienced soldier, q
wise and discreet counselor, and a modesA
and snsible man.
Tho report of the secretary OF the navy
demo lstrates, to the president, very intelli.
gent management in that department., and
discc ses most satisfactory progress in th6
work of reconstructing the navy during the
past rear. The important improvements ~.
the business methods of the department end
the Substantial economies which have sbeen
intro iuced are highly commended.
OF postal affairs the president says II Is not
posi- pie to touch In his message even the
leadid az heads of the great postal establish
meni. of the country, to illustrate the enor.
mouf and rapid growth OF its business and
the needs for legislative read justmeHE 9t
mucll of its machinery that it has outgrown,
and for these and valuable rec)mmenda-
tions, attention Is earnestly invited to the
postmaster generals report
The report OF the secretary OF the interior
Is sti ongly commended. the importancc og
proper measures to insure right dispOsisiop,
OF public lands is urged, aud gratitude is ex-
pressed that something has been done at last
to Tsiress the injuries TO the people and
check TIE perilous tendency.of the reckless
vast of the National domain.
Tie improvements In ths coalition OF ouT
Indian population testify to the value Of the
biUh ~ nf nj An and bstnnufsfkp
which has governed the latter methods OF
dealing with them. Allotment of hnds 10
severalty to the Indians so far gives promise
of good results. Tne capacity OF the Ind ian
no longer needs demonstration. Ii IS esaane
lishcd. 1t remains to mike the most OF jt.
and when thnt shall be done, the curse will
be lifted, the Indian race saved, and the sin
of ieir oppression redeemed.
Alie seJUieinenb oI Lne suosdizel4 land
grant railroads indebtedness on the Sssiz,oi
the plan propose by tho mljorty Of ekeg
commissioners appointed to examine the
affairs OF the roads, or by an extension Of
timn, is endorsed. The subject, tho prpsi-
den says, should bo treated az a blsiness
proposition with q view to final real zat ton
OF its Indebtedness by the govert.nsnt,
ratl or thaa as question to b. decided upon
pre-. udice or by way OF punishment for pre-
viots wrong doing
Tae president closes his liessage with these
words:
"rhe consciousness taaS have presented
but All imperfect staserent of the condition.
Of our country and us wants occasions nc.
fear that anythin. omitted IL not known
and appreciates by the congress, upon which
rests the responsibility Of Intelligent legisla-
tier IL behalf Of a great Nation and d 5Dtid-
ing people,
"As public servants we shall do our duty
well il we constantly guard the rectitude Of
our ntentiois-maintafn uniullied our love
Of country, and with unielhsh purpo5e strive
for the public good"