Year: 1877

oeneHtS OF revival OF commerce
between the sections of The country
lately enbroilcd in civil. war are
fully enjoyed. Such are some ot
the results already attained, npon
which tine country is to be congratu


lated. They are Of such Importance
that we may with confidence pa


tienty await the desired consum


nation that will surely come with


the natural progress of events.


PROJECTIONS TO THE FREEDMEN.


1t may not be improper here to
say that it should be our fixed and
unalterablc determination to pro-
tect, by all available and proper
means, Under the constitution and
the laws, the lately cmancipated
race in the enjoyment of their rights
and privileges; and / urgc upon
those to whom heretofore the
colored race have sustained the re


lation of bondnen the wisdom and
Justice of humane and liberal local
legislation with respect to their
education and general welfare, and
a firm adherence to the laws, both
national and State, rs to the civil
and political rights of the co!orcd
people, now advanced to full and
equal citizenship. The immediate
repression and sure punishment by
the national and local authorities,
within their respective jurisdiction,
Of every instance of lawlessncss and
violence toward them, is required
for the security alike Of both races,
and is justly demanded by the pub
lie opinion of the country and the
age. In this way the restoration o.!
harmony and good will and the
complete protection of every citizen
in the full enjoyment of every con.
stitutional right will surely be at
tained. Whatever authority rests
with me to this end l shall not
hesitate to put forth whatever be


longs to the power of Congless and
the jurisdiction of the courts of the
Union, they may confidently be
relied upon to provide and perform,
and to the Legislatures, the courts
and the executive authorities of the
several States earnestly appeal to
secure by adequate, appropriate and
ucrs these comin6ni 'and"1ir lbbqqr,
rights of a united people which
loves liberty, abhors oppression
and revcres justice. These objects
are very dear TO nay heart, | shall
continue most earnestly to strive for
their attainment. The cordial coop
| Grafton OF AL classes, of all sections OF
the country and of both races, is re


quired for this purpose, and with
these blessings assured, and not
otherwise, we may safely hope to
hand down our free institution OF
government unimpaired to the
generations that will succeed us.


TIE CURRENCY.


Among the other subjects Of great
and general Importance to the people
Of this country | cannot be mistaken,
I think, in regarding as pre- eminent
the policy and measures which are
designed to secure the restoration o:
the currency to that normal and
healthfuI condition in which, by III


resumption of specie payments, ouI
internal trade and foreign commerce
may be brought into harmony will
the system of exchanges which is
based upon the precious metals as the
Intrinsic money of the world. In the
public judgement, that this enc
should he sought and compassed a:
speedily and as securely as the resour
ces of the people and the wisdom o.
their government can accomplish
there is a mnch greater degree o
unanimity than is found to concur il
the specific measures which viii
bring the country to this desired end
or the rapidity of the steps by whicl
it can be safely reached. Upon
most anxious and deliberate eXami
nation which | have felt it my duty t.
give to the subject [ am but the mor'
confirmed in the opinion which | eN


pressed in accepting the nomination
for the Presidency and again upo:
nv inauguration, that the policy o
resumption should be pursued b,
every suitable means, and that no leg
islation would be wise that shoulC
,lisparage the Importance or retard TIL
attainment of that result. | have II,
, disposition, and certainly n,
right, to question the sincerit,
or the intelligence of opposing opin


ions. and would neither conceal no
undervalue the considerable Difficult
ties and even occasional distresse
which may attend the progress Of th
: nation toward this primary condition
t of lis general and permanent pros
. pefity. 1 must, however, adhere t
my most earnest conviction. that an
wavering in purpose OF unsteadines
in methods, so far from avoiding O
reducing sue inconvenience insepara
BILE from the transition from an IRE
deemable TO redeemable paper cul
rency, would only tend to Increase


and prolonged disturbance in value
and unless relieved must end in ser
IL,