U.S. GRANT.
WASHINGTON, _February 2, 1877_.
_To the Senate of the United States_:
I transmit, in answer to a resolution of the Senate of the 10th ultimo,
a report of the Secretary of State, with its accompanying papers.[121]
U.S. GRANT.
[Footnote 121: Preliminary and final reports of J. Hubley Ashton, agent
of the United States before the United States and Mexican Claims
Commission.]
EXECUTIVE MANSION, _February 3, 1877_.
_To the Senate and House of Representatives_:
By the act of Congress approved January 14, 1875, "to provide for the
resumption of specie payments," the 1st of January, 1879, is fixed as
the date when such resumption is to begin. It may not be desirable to
fix an earlier date when it shall actually become obligatory upon the
Government to redeem its outstanding legal-tender notes in coin on
presentation, but it is certainly most desirable, and will prove most
beneficial to every pecuniary interest of the country, to hasten the day
when the paper circulation of the country and the gold coin shall have
equal values.
At a later day, if currency and coin should retain equal values, it
might become advisable to authorize or direct resumption. I believe the
time has come when by a simple act of the legislative branch of the
Government this most desirable result can be attained.
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