Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1889-12-08
Y,aG MESSAGE.
Tho Preslden, Opposes Increased
Coinage.

President Harrison delivered his
first Message to Congress on Tuesday
the 3rd instant, md the document
being n lengthy ono We have room
for only n few extracts in reference
to important subjects, as follows:
81 recommend n revision OF Il
tariff laws both in their administra-
tive features and in tho schedules.
Uniformity Of valuation at all our
ports is essential, and the most effcc-
tive easu should DO taken to SO:
cure it. The preparation OF a new
schedule OF customs duties is q mat
tor OF great delicacy. Some disturb
ance of business may, perhaps, result
from the consideration OF this subject
by Congress, but this temporary dis
turbance will be reduced to a >mini-
mum by prompt action, and the as
surince which the country enjoys,
that any necessary changes will be
SO made IS not to impair the just
and reasonable protection of u
home industries"
After referring to the law of 1878
in reference'to tho coinage OF silver,
tho fluctuations in the relative value
OF silver and gold since that time and
the uso of silvor certificates, the
President says:
"Somo favorable conditions have
,confr,hufaj IN fho maintenance of
this practical equality in their com
Inercial use between tho gold and
silver dollar, but somo of these are
trade conditions that statutory enact
ments do not control, and of the con
tinunnce of which we cannot be GER
tain. l think it is clear that il we
should make coinage of silver Mt it's
present ratio FREQ wo must expect the
difference in tho bullion values of
{. gold and silver dollars will be taken
account Of in commercial trans
actions, and 1 fear the same result
would follow any considerable in
crease OF the present rate OF coinage.
Such q result would be discrcditaole
10 our financial management and
disastrous to all business interests.
We should not tread the dangerous
edge of such n peril, and, indeed,
nothing moro harmful could happen
to the oliver interests, and safe legis-
q lntion upon this subject must secure
the equality of tho two coins in the
commercial uses. l have always been
an advocate of the use Of silver in
currency. We are large producers
Of that metal, and should not dis
credit it. The plan which will bo
presented by tho Secretary Of the
Treasury for tho ISSUANCE of notes
or certificates upon tho deposit Of
rilver bullion ut its market value /
have been able TO give only n hasty
examination, owing to tho press Of
other matters, and to tho fact that
it.has been so recently formulated.
The details of such Il law require
carefui consideration, but the general
plan suggested by him seems to salts
fy the purpose to continue tho use
of silver in connection with our cur
rency, and ut the same time to obviate
the danger If which I have spoken"
The President pays some attention
to the Chinese Exclusion Act, to the
assault mado by David S. Terry on
tho person OF Justice Field, refers to
trusts as dangerous conspiracics
ngiinst tho public good" and recon-
mouds that Congress grant pensions
10 such honornbly discharged soldiers
and sailors of tho civil war rs are
now dependent upon their W labor
for maintenance, who 10y disease and
casualty are incapacitated for labor.
Tha Rano Journal Q,op.) makes tho
following comments on the messngc:
"prcsident Hurrison is against sill
yer, and no overlooked tho ono-tcrm
principle in his message."
"rho Presidents message contains
nothing particularly new or original.
it is buta mere plain statement Of
facts, aud not as ~vigorousor advanced
state paper as we expected from
him"