New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-04

"
tnyariabo as the law Of grayiiaon, become the ony
standard of value All forms OF paper money wouu
fan 20 that standard or below IT, and gOld would nc "e
monetizcd and quoted at n premium equal 70 us
value in the markets OF the world For Il uuio
tl,e run to deposit bullion ut the mint womb
cvo to silver an artificial value. Of which the
holders aud producers OF silver bullion would nave
the sole benefit The utmost capacity OF lie nints womb
D, owed for ycafs 60 supply ts demand Z" ihe oos
Of and without profit TO the people. The svef 'ola'
would take the place OF gold as Iapy as coined anu DC
usoI I'm the payment 81 customs dodes, causing an "e
cumu alton of sich coins Ia the treasury. II "-e" n
paving the interest ON the public debit the grave qneS-
t,,s l, -r4cutcl would nrisc with public credit
ors seronslv affecting The public credit II is urg"l
that , ire. COINAGE or silver I'm the United states WEI
restore a. market value 10 that OF gold Market value
Ia nxed by Ae world ard Dot br the United states aohe
and f. affected 10y the whole mass 81 silver III
the world A The enormous snd continuous demand
fr silver in Asia has not prevented the fan IN SILVER N
f. not likel tbn the mtcf demand for silver coin ~
This country where PAPER money IS and viii Doe the
chief meoiurn OF exchange viii cause any conslrfhbe
advance i'm IFS valne. This advance" u any. Wli Ne Sc
cured by the demnnd ior tyrt ilioi LOT Von IL rro
issued for tie heUe ~ the holder ~ the bullion ne
huauaisl condition n orr cpunrys ~ .Nohs tu v"
must "a, every hU ira ave crli'I uvi.|' ~ - fa,
lessen ihr burden OF d"bis ercal contracted Do r. '
"a h,idiv reduce fhr number OF grains hc gold dollar
or {, abandon AMI retrac. an effors 90 make Un''ti
=
gree BARN 20 the public AZ large th'n amy posSp"
b.uefj 70 debtors
made Of the customs dutes. by the aci ol I,9l "
1862 for the pa'ment of t1c interest o lu' luol' 49,
The roicy thu far adhered 70. Of collecting cse du
IN gold coin, has been She cci cause ~ uihofhuE ~
advancing the public credit and making IL p9.slp.e w.
ing In view ~ these considerations the Seer tarY IA
felt be his duty to earnestly ursr upon Congress ''
serioue Ubecfous 10 he free coinage Of silver on sc
conditions rs VIII dcmOnetZe gold greatly disturb az
~" lin ,rc"l operations OF he Government suddenly
fn ID
Government the increased cost OF coinage, arrest me lt
~ me nubc debit Gaud Unfair tie public ere
with no apparent advantage "a tine people ht iuhc.
TIE POLICY OF 1888 BEST
The Secretary believes that all the beneficial results
hoped for from liberal tsue Of silver coin. can be Sc
cured by issuing tl' coin, In pursuance OF me serfa
policy OF the Act ~ 1853 IN exchange for United STATES
notes. coined from bullion purchased IN the open MARKET
by the United States and maintaining hy redemption
or otherwise, a. par with gold coin II could b. ale
LEGAL tender fOr snch aud on such contracts ~
would secure TO il the most general circn-
Iaton Il could b, easily redeemed IN
United Smtos notes and gold coin. and ouiy fes-ned
when demanded for public convenience. If the essen
tie quality redeemabilty givento United states notes.
banlbls, tokens. fractional coins. and currency mann
fans them a par how much easier it wOu,d DE 10 ua-
tam the SILVER dollar Of intrinsic market value, neiry
equal to god par with gold coin by giving 10 the
Ike oultv or reiremaby. 70 stlil further secure
fxed relative value oil silver and gold. he United states
miein invite an information convention 0i commerce i
nations Even such convention while % might cleck
the ia OF silver could prevent the operation Of nat
hherlaw which places the marhe value OF silver above
human control Issued upon tiie cond iloni here TlatSd
tie Secretary Is OF opinion that me sVeF uoii@L
viii be- great public advantage bat that u issued "iti-
limit upon toe demand pl iLc owners Oh siNcI pd-
lion, 10 Will he q great public injury.
The EXPORTS ASD MrORTs
The receipts from customs fr the ended June 30,
1876 were 81 OF 9si 81, AMI at the corresponding
date of1s77 they were s13o05Gi93 ga decrease o.
Sl7I1ji9l 81 The receipts 1r The DIST quarter u" me
last fiscal year We're S3755i72s 3D. Will" Tor the cor
responding period 81 This year, hcy we're iG os3531 90
"A decrease o. S571196 81. TIE eniblrra smcnts at
tcndan upon the collection OF the at the port Of
New ork-llludei TO in the report OF my Immediate
predecessof-grOwius out Of the large num0rr ~
suits brought to regytr alleged tAns' 81 ult'' ~
T",,II,s i'm favor Of tine Government in ine
smell suits considerable DELAY trily occur before
they can be- bfoI sht to t1al; wr dca is adverse 10
the interests 10th I'll tie Go,ornneit aud ~" importers
Tne rrcOumcndduOn or my prcFc .Srf, va, -lt'."
tribunal h, created by law ior r trial oi cu-ioigsreyc-
nae at The port of A"Hlork is renewed Ia com
pliaucr WITH The fourth seci'On ~ nc Acl anifo'.u
AUGUST l., 1876. aud nee hg a. or -ii.c ISL com
mission have been orsnil 3D. and ar direction 81 ine
President 30 invest safe gene.aH '1e mnHg, III
winch the customs business h'- bees c1h'uctsl
at mp OF tie f idlIc PIG' t I"'y ,,, TgrT
in ahc gpp0iitmn s ~ tie customs rY.ee have nrtu
heretofore d. ade. ana o ,l--e~ Ill change 90 Asiihs
melce Al the present Una, ana promote rgg@u""y I'D
the collection of tle customs revenue. Tie aeurn
T. ]
mcidauon OF these commission, mas WotAed iEuhca
improvement in he conuuct Of tine customs SER Zee
iHyS.l.safS he N,g-Yo.k Custom Hor,e, Is herewith
Transmitted. auf the changes recommended n eXistins
Otltr chm zes recommended 10y the various commli-
sions viii be presented - Con.foss IN due u'he' i0i
such action As may b. deemed necessary.
TaE DUTIES ON SUGAR.
Embarrassment has occurred during The past year in
the collection duties sugar, nicr Schedule @. Title
3D. tn" Revised Statutes These ddiies assessed
by the DltcA standard. according 10 COLOR and hes
been alleged that sugars have been artifciay colOrcd IN
the country OF export to secure their passage at the
custom House a. less rate Of duty than would be
charged according the color acquired in the ordinary
process OF manufacture While the truth OF such allega
ton has not been established in any tive manner,
Notwithstanding the thorough examination when mas
been made by the Oncer' ci TINS DEPARTMENT II has been
as.crtluej thu the suspected sugars Viii a pay tlc
lowest OF duty az the Custom House % higher
intrinsic Grade IN many eases than those paynS higher
rates Of duty. Statistics show that, from
impOrt1u9 OF sugar SUBJECT To the lowest
rae Of duty, and a spending decrease in the
This is doubtless due ia part Ire Act OF March 3 1875
(Stat. al Large vol IS rage 3{'D which nposed an 40
Schedule G.. and thus Increased The determination in
favor o Toe lower GRADES Of TIE Dltsh standard
founded as II j. On color alone when bears 10 definite
rotation t. the value OF TIE sugar. II, however, tie
the grades be reduced IL number, that there shall be
but ico rates Of duy ON Tor euls NOT above No l3,
for al SUGARS above No. 20. including al rcucd sugars.
Based upon the qntltcs OF the various grad imported
daring the past Two ytaro, thc following rates would
yield abDut tia amount ot revenue collected
durins MAJ time: sugars moi above No ~ Der pnnd
2-l0O above No 10 ana above 20 3sfOo; above 20
and refined sugars, cents. This - nCu.Nc the
- per dd iitonal duty impose by tle uf March
g. 1873. Extensive under Ntlaapns IN tlic entries Of
six goods have occurred during 5e pass year, aud The
persistent enors OF Tia chi rs of Tho pirtncn 90 ~
prime p ports 20 prevent and bleik up such GraIds
The revenue have not een attended with entire success
This j. duo ia part TO .he practice oi shipping goods 10
agent, 30 tAr United -tiitr- consignment Tor .air ON
- rrut.H .Ta