The daily gazette., 1877-10-30
Total value.
Barley, 6,399, $50 bushels; rice and
other grain, 50, ,4l4 759 bushels. .91O !.


iIs,ttutr. ul,lt0,O9l
tS2pk....'.'' .''................... zf'SoOYz1
...'........--..' ,og.ooa d
Wool and ctures of yooi az a. 9s5 9sa
Sugar and mollasses. .............. 85,0l5, ,78e
Total importatiens for 1873. -. 1926 ,620, 132
1t will be noticed that the above doe
not include tea or coffee, liquors or els
gars, but staple products, all of which we
should produce. H. f
The articiesof sugar and molasses alone
amounting to more than $4,000, 900,
which we import yearly, are the products
of slave labor. All those imports must
be paid for In coin or is equivalent.
One of the greatest causes for indus
trial calamity is the treachery of the Re-
publican party in 1870 and 1871, in re-
ducing duties on imports nearly $35 ,000,-
900 per year, and for Eve years-from
1871, to 1S76-importation increased
about $150,000,060 per year more than
for any preceding five years of our his
tory; the year OF the panic 0S73) being
the greatest, ,635, ,467, ,000, that was actually
retained for consumption. ST.. - +
This reduction was made when both
Houses had Republican majority; and
a Republican President signed the bill.
One of the strong arguments used be-
fore the Congressional Committee of
Ways and Means, was that importers, at
the former rates of duty, could not i'm
port and compete with American prOduc-
tion, and that importation must of neces-
sity fall of, and consequently the reve-
nue. from customs would decrease, and,
that being the only means of raising gold
to pay the interest on our national debt,
chat the government would fail to meet
its obligations unless this reduction was
made. 1t is thus that our industrial in
terest were sacrificed for the special bene-
fit of the Be n i-holders and foreign manu-
facturers in six years, as follows: In 1871
1872, 1873, 1874. 1875 and 1876 we have
imported of foreign goods the enormous
amount of So 1926, ,03l ,937; so that in the
past six years our importations have
amounted to over three billions of dol
lars, being more than one-tenth the
amount of all the property in the United
States. And still, during all this time,
the cry has been, over production! over
production
This is like the absurd cry of "too
much money too much money" yet in
terest on money has been for the past ten
years averaging more than nine per cent.
This fact is also before us The deposi-
tors in the national banks alone can car
ry off every dollar of currency, including
greenbacks, national bank notes and sill
vel coin in the country, If they draw their
checks, land they should be paid. because
their deposits amount to $730,000, 900.
The September number of the GALAXY
gives from statistics the increased iudebt-
edness of one hundred and thirty repre-
sentative cities of every State in the Uni
on from 1866 to 1876. In that time they
have increased their Indebtedness from
1921, ,312, 900 to 1914 ,378, 1858, and taxation
in like proportion. In round numbers
some of the cities have increased during
that time as follows: Boston increased
$50, 100000; Baltimore $4,000, 900; De-
troit $2,000,000; Cleveland $5,O0O,000;
$40, 900, 600; Chicago $l2, ,000,-
900; Pittsburg $11, 600, 900, and st. Louis
S11 100000. With gilt edge business pa
per at the present time iQ New York city
quoted at from seven to eight per cent.
with the average discounts of the banks
)f New York alone at over $250,OO0 600,
with capital l believe of less than S70,-
100000 but owing their depositors over
S225, 100000, with their aggregate circu-
ation of notes for last year less than $l6,-
100000, thus drawing interest on more
,han fifteen times the amount of their
notes in circulation--paying taxes to gov
in circulation-the two thou
sand national banks carry CONSTANT loan
Of over $930,000,O00.
And still they cry, "Too much money
Too much money! and cry for specie re
for relief from taxationl Will
ihe people-can the people-shall the
people submit to this state of affairs? or
will they rise en- fndSSe and trample these
modern Caesars under their feet, and de-
nand an immediate repeal of the in
famous resumption act; repeal of the ma
ion al bank charters; reduction in the
rates of nteresJ of that of the natural in
crease of wealth by productive industry
he equitable tax of all property, includ-
ng the investment in bonds, which Is the
most uctiveinvestmentin in the nation;
and the protection of our industries and
IF our own Intelligent labor; OF sufficient
money issued by the people, to the peo-
Dl5 and for the people, IN order to meet
he wants of trade; and fix the rates that
shall be paid for the use of that IN )ney at
4 price that competitive business and In
lustry can afford to pay-make it full
egal tender for all purposes. The same
money for the plowholler that we do for
he bondholder,a aud thus save our nation,
our States and our cities from the dis
race of bankruptcy, ruin and repudia-
ion.
" ith now, at the lowest estimate that
= made, Sl2 000, 600 600 of Indebtedness,
lnd the very lowest rates of interest that
any one will place it Is per cent! the bare
interest aloue on this sum amounts to
i96O, ,O00,0 0, and only S730, 100000 in
money of all kinds to do business with.
Will the people longer heed this silly cry
,f the Shy locks of "roo much money!
Too much money! And with constant
nearly all coming to us in
foreign ships and our own rotting at the
wharves, still heed the cry of cover pro-
1nnfinn over nrndnntinnlO lO