A currency worth less than it purports to be worth will in the end defraud not only creditors, but all who are engaged in legitimate business.
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The full appreciation of the opportunities which our front on the Pacific Ocean gives to commerce with Japan, China, and the East Indies, with Australia and the island groups which lie along these routes of navigation, should inspire equal…
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I transmit herewith, for the consideration of the Senate, two treaties* signed at Peking on the 17th of November, 1880, by the commissioners plenipotentiary of the United States and China, respectively.
We should be more prompt and anxious because they are weak and we are strong.





