Show THE MESSAGE A strong pica ilea forthe for the Adoption adopt ion of a free trade poli policy ey ul urgently lecorn in ended increased taxes or grealer to re ite itice t lie debt Z sr V department kpor K por and observations ions Illier eor ab tile on senate and rouse of 0 depre I 1 1 1 sinos the iho convening anven iba or Con res one year ago the net nion ion has na ler gone a protract pro arnton on in busi business tess and toda kida tries such as his not been wit with us ni lor for many years SP a at to the baues for ration wight might be indulged ia without profit because aa many theories would be advanced as 1 there litre would I 1 tc 0 independent writers those who ex their own view without I 1 lor or rotting roi ing upon tho the s Wit without houtin ia dill in ill theories is as to lo tho the cause of this estion there therefore fores I 1 will call your attention boly to tho the fact and to some quo toni if upon chion it would atom si em there should be lie ilia agreement durigg abill two I 1 wn hal clementa ol of prosperity have been most abundant LABOR AND caribal OAr CAr iTAL both have been largely unemployed where security has bai bc in n undoubted cili capital has ha been beco atta at very ton ilrath rates where inter hal bag boon wanted it hoi has teen been found is io abounds ace at cheap rates camp compared ret with tho cost of the ho 8 til and comforts of 0 lire two great eleni nil of 1 l pro penty therefore therol net been denied on A third might lb decd added om SOUA A CLIMATE to ro unequaled bithia the iho 11 limilo M its of oy 03 contiguous Torn tory one for or the varieties ol of products to food and nd clothe ap a eIlt and tho the amount ot of surplus to fenre to lo feed less favored people ther fite ji c with flies luct id bew itie it eem li it me wise at this ackt lon un it Cori gress would legislate ignoring the iho post and distributing io in proper iru pr thinnell hinD thin neli cli these great elements rf r to say liny p people pic the deb brood is the only bement that con wi ri it alry ailway a sound found ent enli r into on conr r w fire to eit auja 8 any continued depression in our industries or p y A gret great conflict for our mr u national mado made lor for temporary purposes purpose the ho railing of large sua lipf money from r source it wn moda made 11 rc c eadry ia in the wom of gong an and 1 I 1 do not doubt their wi dom in the he pontiff a the rt ef the ahe timo times to devise a system of national currency which it to ha be im loa 1108 ible to lo keep on a pit p with ilia fr rc boiz a currency of the civil ud world chiq ahil tierre tieR rl a cirit spirit of latida involving tan nn ad luxuries not required tor for tie the happi pois a or prosperity tl a people an involving ioTo hing bo I 1 h directly I 1 aly and and T if foreign I 1 de eln the currency being ot of actuating value to bo un fato t lol lod lor ac action money and aid become a statie ct of in itself these hess two causes however hio hao involved iu fast in a k foro corola igia contracted in good faith by borrower t and rid ler lender der v chich aich should be pid paid in coin and according to tho the bond atod agreed upon when allen the debt wu wall coo gold or ll 11 equivalent T the lie gool good faith of the cannot be towards creda tro diton torl wilmont kare grove digneo dig dile raed our commercio com merci should be ansour ged aged american shipbuilding ship building ad the carrying carn eivy increased foreign mark markets 0 to sought for products f toe soil oil bad manufactures to lo the ord and that we may to able to pay these debts when a market can bo be create 1 for the 1326 sale oto or of other products of of the ilia soil the mine or te a new means is dincov cred or idle capital and labarto labor to the ilie al aletea vantage otea of ti the whole people lie opo but io in my judgment tile lie 11 lit at i tep towards this thia object is to moore A OF GOLD reigns rc igns when the precious metal t become mea roper aban abundant 0 dant with our people it will fiod fail A a in market arket with wilh some other curre currency ocy which his a ai its ila basis basil the lasor lafor necca m ury to produce it which will give it a ae tuluo gla 0 id and silver are now the rew I 1 zed mediums or cf ex exchange chango the ibe bariti world tee and to abis we mould tolura with the ibs least practicable delay in ia diew of the pledges of I 1 ibo he amer i can contrera Con Cott grera grete when our present legal tender yiem was adopted and debt d there t bould bo be ni daliy ferta certainly no unnecessary delay in fixing filing by legislature lecis lature a method by which we will return to specie to tho the accomplishment of this thin end I 1 invite you attention I 1 idiece I 1 truly that there can bo be no prosper oa cino and permanent revival ren ri of bag nets nen and inda Litz rieB until a policy ia i adot ted with to carry it out looking to A A RETURN TO A B BASIS it is easy to conceive that the debtor and speculative clos clatch ca may think it of value flue to 0 o malio make a so called money abundant until they can throw a portion of their burdelis upon oth bolhen but even these cheo I 1 would L be e disappointed in the result it a course should bo be pu pursued whisk will keep in doubt the iho value ol of tho the legal tender medium of exchange A 4 revival of the productions or of all the industries is n needed deeded ty all blaies ol aies by none more than the holders of rr property arty of whatever sort bort with debt a to liquidate from realization upon if sales tl but admitting milting ad laam ot of citizens aeto arc to lenc fitted by would it bo honest hocee to give twice it 7 woud aou I 1 d not the general loss be too groat to justify auala taoli belief would it not bo be bujtas hodnit and pre d but to authorize each debtor to issue his own legal tensors to the extent of his bis liabilities as to do this would it albot mot bo be later for far fear of over waco by unscrupulous creditors 7 to say bay that all delt debt are arc obliterated is ia the united states stales and DOW cow wis we commence ano possess ing ilag all be has bis at the time tree free from encumbrance these proposal prop ions are an too absurd to be enter tal cod for a moment by any think thinking iii people every delay in io the preparation or OF partakes or this A season will at lait arrive for the good work ot of redeeming our pledges to com commence menco it will never come in my opi nicio except by some tivo notion by congress or by nt national ional disasters which will destro destroy 7 for a time at boast the credit ol of individuals and the state at large A BOUND must mart be reached by a total bankruptcy oyo of the credit of 1 the nation dation arid and of individuals I 1 believe it is in ia the power althis at this to do vise such lep station as will re renew now confidence fi revive all the indr at ties start us on a career carcer of prosperity to last fast lor for many y veara ears and to nto BITO the credit ol of the nation cation and if 1 l tue the proper steps ad 11 I 1 toward aa 1 I it a to a trocie bleid are an thia iho great UM i m 04 to alii bevc devoutly aly to ile sought lor for end there are re there fillers ir which I 1 may touch louch upon hereafter A naion cation dealing in ia a coir rency below that tbt 0 of specie in value vales labno under TWO afa first in having no oro coo for the worrill wor lill mchugo of gold und anti t ilver these ors n driven out ot at the country because there is no demand for or their ua second fc tho the me juo drums of 0 tile in no iva lein heing of a fluctuating value olor far after alf ter all it is ia only worth jew what it will purchase ao of gold ail B motala metals having an in balao juit in proportion to tb honea labor lot it tile takes to produce them at large magn n art an must bo be allowed for or profit prof it by the th ad lad prom airo dle cri it is ia from tile tho diu ol at production to tile the aft batio of t liou lion int interi erett upon mut must be charged ard and tho the lik flik of fluctuation in ia tho the ivalue of gel kenin ting that w hab ii 14 to ban hence high prices beating us as a protection I 1 to ilia foreign prodoc producer cr who receive lecates nothing in cx caona kohanke ona for or ther her pro luct ol of lia eikill and lubor bour eur rency rood i a t ablo vino the world oven gi it t seems to inan ijo da othine bi reg IP of cl aber than that tho the greater renter pirt adf 1 tho the burden 0 of our exi ting lion iron from rum tho the wint want of la lond annn system folli falli upon iho wo iloinE man who mat mart arter all th the calab rid nj tho the man who and conlu oL tile tho burden falu upon spun them in two ways waya by tho the I 1 or OF and byll bulhe Is decreased purchasing piser ol 01 ort their lavir alery it ia n the iha duty bety ot of con g not dolt mino 0 a devise tho the J correcting the edib which wo we lie ac knowledge to itt but I 1 will ten tulo tuio wilu lo 10 or three bibb cem in to in me as absolutely neo dee weary 10 lo i return to specie payment f aho lie first great grat to a return to 10 pr is i tile tho legal tender ion sa io tc to the iho low liw the UJ 1 l us 0 of currency by the national GOT bo be repe aleal to tako take affect as ai to all contracts acu control into iati after a day d y dizol in ia th the repealing att act not to apply cowlter ho wLTer to lo the payment ot of na aries by government Govern or for other eipp ulles now provided y lw law to bo be ild in currency in ia the iho interval finding between the iha repeal and final provision PrOT isiOn should bo be mido mide ly by which the he scra ury tiry ol of title treasury can obtain gild is it 1 becomes from timo time to lime time it from tho the dt when onecio re gumption shan iMm monoe to 0 o this might and i coald bo be added ft a reven u ui sufficiently in excise of elp aws to 10 insure an aa accumulation of gold in ia the iho treasury Trea sarY to sustain redemption redempa 1 i 0 1 1 b 1 commend this subject to your c a r e ful fill boi lieving eing that a f fiT rolat iun is attainable and limit that if reached by congress that the present and future jinro willever will ever cret great italy fally remember it as thir delivery doliT Cry from roul a of evil and disgrace FREE 1 i may be 10 authorized with resumption with safety giving lull full proto protection abtin to b 11 holders bo chii h they have hato under exiting exi ting tin laws lab andeel I 1 w would re gird rd firce bi liking ai rsm m it give ie proper er alft aa to the should be b or as more currency required require des for lh fille ot of lefiti mao bli birknew biri iDess new now new lanka banks boull te 16 cited aini ni ted land in turo turn banks bank s would w 0 u 1 I wind ind up their bu inbi when n it ne as fo itil that there wn was a once ance ot of currency nency cu the experience and judgment ot of ilia people can loit left decide jut j at how much currency is u required lor for ill tran trant iafet clion ion cf the busi buei reg of t the country jt it i anale an ale tu to leave tho the of this question t tl congress the ibe secretary of the treasury or the executive commit congreso Con gresi shmid make the iho regulation nailer eliot banks bank my may exi list exia A but NOT HOT MAKE nl DAli KISO A mosio sio rOLl by limiting the lie amount 61 piper paper currency that iball bo be author abhor kid teach 00 I 1 attieh attach to 10 I 1 abi his and na so 0 o ea carn ertly do I 1 commend it to your ateo at eolion tian that I 1 gwo give it prominence by it lit t the beginning of oricia this FORMO 4 itteL ArioNia during the pat year nothing has occurred to disturb the friendly Inc nilly relations of the united states w anh ll 11 oiher hother powers ane correspond e ecco n c 0 submitted herewith between the government and its it ft diplomatic diplo matio top rep in other chows a condition of all ques floes arns between the united states and mot mo t ol of those and with few fe ill exceptions to which will bo be made ho he abonce of nry ry points 0 of difference to be all ad austed the notice di directed by bf chii lin or 17 1875 to be given to terminate the G n ol of july IM 1818 between t weco the iho united states and belgium has bee been n given mind and the treaty will act cording 1 5 t er minata on the first erst day ol of july 1 87 this thi convention so ae cured to taita belgian vessels enter log the pats of the united states I 1 privileges which are not no it accorded to our own va TO sels oher parts aruo of the convil liti in have baro proved and have hare tended to the cultivation of mutually militantly b cial commercial and friendly ic lilion iti tie tween the iho two countries I 1 liopo hope that tile tho negotiations chuh lilo have been invited will result in another treaty which mity tind tand to the in feretti of both countries CHINA oar bur relations with china continue con linne to tobo bo friendly Iri endly daring tho the pait year the atar of hostilities bot graell chini china sud and J japan pat 1 growing tro out of I 1 iho he land bog 0 ol 01 an armed force upon the wand land of portions lor lormor moi a by the latter has arim inces incas it is earnestly hoped bot however trover that the difficulty arimina from rom illi canso will be old jw led and that the advance of cirila cation in these empires empire may not be caruol ret ardol by a s state ato of war in boonst queries ol of the ho pirt part taken by certain of mhd united sato in this expedition our to lives in in tto 0 countries coun trios havo IU been son instructed to impress upon the lif china and barall tle tie firm lo intention of at this ihu country lo 10 t ataio tact strict neutrality in m tho ilia avant ol of and to carefully preterit any airy ingrao tion of law on the pin part of our citizens in connection connect lon with w ith thu this t I 1 cill call tha ilia JiL attention ot bf a conceded foe ua aldei groa t proportion ot at chinese Ohi nefie immigrants who ho como come to our thores do not come rt to make their bobee with usall us and d their labor prod active hofgen of general prosperity but they come coma under a contract cun tract IT with ith mon men who own them almont mont absolutely in ia a worse furm form aces it apply to chinese worries women hardly 1 a I a percentage 0 ol 01 Is whom am perform rford honorable hou orb labor they are ought for tho hime merul tul purposes aca to the at di disgrace Bgrace ol of he community where biby settle and to lh the great domorad of the youth ol 01 those local til tia I 1 K I 1 this evil etil pro ra otio othia can ha 08 log 1 against agai nat it will be my pleasure as a well as aj my du duly ty to enforce any to ensure so eo ao an end JAPAN hris it ilia ill hoped that negotiations between the government of japan and tile treaty powers looking to tho ilia boning of the empire anti and to iho be removal tit of various restrictions upon airale and travel may noon boon pro aluce tho the deferred ired cd which cannot ml bil to inure to tho ilia benefit ol at all parties slaving on pro krovious oco aiona submitted to tho the consideration of congrow congress the policy ol of the release ol of government from the further of indemnity under its convention of october mcd 1861 ind nd as aa no action had bid been taken it became my duty duly to regard tho the obligations obliga liona of tho the convention ai in i force and ast ail tho the other powers interested have received ill air portion ul of the y io in fall all tho the it ir of the united states ita ia japan ball h iu in bohil tol of chii government received I 1 tho ilia remainder of tho ilia amount title due to tho the united stated under the con convention virril or of Roky I 1 the propriety of appi applying ng 1 tho h a gincomo of 01 a p put 8 tit 11 not t the 4 who aholo a or t this his glad and to the e education in ia the japanese language of a 11 number ol of young men to a bo be |