34. Receipts from internal revenue for the year ending the
30th of June, 1874, were $102,409,784.90, and for the year ending June
30, 1875, $110,007,493.58; increase, $7,597,708.68.
The report also shows a complete history of the workings of the
Department for the last year, and contains recommendations for reforms
and for legislation which I concur in, but can not comment on so fully
as I should like to do if space would permit, but will confine myself
to a few suggestions which I look upon as vital to the best interests
of the whole people--coining within the purview of "Treasury;" I mean
specie resumption. Too much stress can not be laid upon this question,
and I hope Congress may be induced, at the earliest day practicable,
to insure the consummation of the act of the last Congress, at its
last session, to bring about specie resumption "on and after the 1st of
January, 1879," at furthest. It would be a great blessing if this could
be consummated even at an earlier day.
Nothing seems to me more certain than that a full, healthy, and
permanent reaction can not take place in favor of the industries and
financial welfare of the country until we return to a measure of values
recognized throughout the civilized world.
Pages:
685
686
687
688
689
690
691
692
693
694
695
696
697
698
699
700
701
702
703
704
705
706
707
708
709