Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1879-05-30

old beliefs Of his and aihrms his belief in
these heresie-. Following j. brief sum
mary oi the legislation he advocates to
overcome the depressed coniitirn Of bust
ness
First. A day should be fixed sufficiently
remote to allow the banks to supply them
selves with coin, after which the United
States notes should cease to be legal tender,
and provision made for their being with
drawn from circulation as speedily as the
condition of the Treasury under an econom-
ical administration and judicious revenue
system will permit.
Second. All small notes should he with
drawn from circulation and the coinage Of
silver continued a. lcpg as it can maintain
a parity with gold. All efforts to increase
the circulation of silver without withdraw
al OF small notes will be in vain.
Third. The national banking system
should be sustained, not in the interests Of
the banks but OF the people, as being the
best system yet devised for the security of
bank note circulation.
| Fourth. The tariff should be thoroughly
revised, and all restrictions upon foreign
commerce not absolutely necessary for reye
nuo purposes be removed.
Fifth. Corporations should be subject to
the supervision and control Of the govern
| ment.
Sixth. Financial and econC mical questions
| should be Considered with regard to their
bearings upon the interest Of the country.
not upon the interests of party.
This summary falls far short OF doing full
justice to his radical opinions. lie not only
believes in coming silyer, but he
believes in making it standard
together with gold How he would
maintain constant parity between gold and
silver confess was utterly unable to dis
cover, either in hearing his lecture or in read
ing full report Of it, There are natural
laws Of supply which seem to thwart the
anticipated efforts of legislation on this sub
lect. 1t is rumored, but without founda-
ton, that a recent investment with Jay
Cooke in an extensive silver mine caused Mr..
McCullochs somersault. OF the PROPOSE
tions stated above, the fourth is of paramount
importance and is destined 10 receive in
creasing attention in the next few years |
1t is well known that our existing tariff laws |
discriminate very unjustly against the pro- |
duets of South American States. The tariff |
upon the imports from that part Of the
world are so exorbitant that their trade with
US is the merest fraction OF their trade with
Great Britain. II our tariff on imports from
those states can be reduced to a moderate
rate, their varied products can be bought
here at reasonable rates and in return a
large export trade will necessarily re-
suit, especially Of cotton goods, for
which Northern and Southern producers are
now unable to find a profitable market. The
resulting export trade Will not. however, by
any means, be confined to cotton and other
textile fabrics. Fiery manufacturing com
munity, no matter what 1t produces, will be
immensely profted by ireer and an enlarged
trade with Brazil aud the other South
American States.
The New York and the Boston board, Of
trade have held meetings TINS spring to see
what could be done to revive our staynant
foreign trade, and today the Boston board
has meeting to see what can be done to
avert most serious blow to the business of
this port. The Fitchburg railroad is one of
the p.ea,antest-p perhaps | may say the
the roads that lead out OF
D',''"' Pa'7'S No'7 '"ioueh tut
classic 'haues oil cambridge and Con
cOru, thfOuSh the attractive manuiac
turing towns oil Naltham aud fitchburg,
over 'he sishtif heisGS "i Westminster,
uo"h the picturesque valley oil Miiiers
river past Tue charming p'chicgrounds
ABOUT Lake rieasaht' anu Icing Tue most
'ccessioie approach u inc iioo9ac iunhei ny
way oi Tue attractive peerhcil river 'aliey. {
Since the ioosac iuhhei line was formed
soon after Tue eoinp,e'i0n oil the iuhnsl' The
passenger anu ireisht business mas eontinu-
'u>iy ihereastu' III us business ~ To-Day,
laroIY secohi !" mat OIL inc old conservative
boston anu hioa"y ioau, \ uouoie steel
aiieu track Is completed To fltchbnfg, anu .
Ong .urh-out7 pe'"eeh richoufg anu
'reenheii' No" IN process oi e2hstruetioh' a
maze inc roau ioI iui haii that distance d
ioupie faeheu- Tue purpose oi tue corpot- d
'tioh e'iuehtiy Is 10 complete a. soon a. !
convenient uoup!e TRACK over the remain t
Ter oil The line 10 Troy, to meet !
ne increasing demands oil " estern Il
raine' ohtii flthlh u lew weeks nothing y
as occurred 10 mar the prospects oil the
ioosac Tunnel line. Indeed, not only have
ne I'LL pfo'elhents Just mentioned indicated i,
enerai prosperity, but this spring extern A
I've additions have been made to the iacili- f
es Tor shipping and freight at this ter o
mus o
FOR ABOUT week the clouds have looked Ii
threatening IN the vicinity oi the fitchburg T.
and yesterday President Stearns v
ave the required three months notice Of the d
'ithdrawai oi the tItchhurg road from the d
Ioosac Tunnel Ike, OF which 1t is the CHIEF 81
Iember. The result will he disastrous to Il
o5tOn, Tor 1t Is well known thai II large line "
IN do business much cheaper than the same a. !.
mount oil business can DO done by several "
nall lines, competition having reduced trans a.
Drtatlon rates TO the absolute minimum and ri
lere being no prospect Of an increase, West Of
n products destined for a foreign market 81
Ill seek some other shipping point than b.
oston, and further fact by no means in
gnifcant, the tunnel upon which 80 in
any millions have been spent from the to
ate treasury will be only partially utilized. III
I'd the income from it will be correspond ne
gly diminished. ne
The Fitchburg road withdrAws from the =,
ne bgcauSe M II SAYS With The ,,rp.ent tell I'll