Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1882-12-12

sean nothing to alter, but much TO confirm, the
sentiment which gave expression 10 last year;
A comparison between the respective amounts OF
silver dollars In circulation on Nov lst 1851 anu
ON Nov 81, 1882. shows n slight increase OF
million and half OF dollars. but duriog the inter-
val there had been In the whole number coineu
An Increase Of 26 millions. Of the one hundred
and twenty eight millions, thus far minled ntiie
moro than thirty five mi lions are In circulation.
The mass OF accumulated coin has grown so great
that the vault room NJ present available Tor stor-
age Il scarcely sufficient 10 contain IL, IL Is not APP
parrut why 10 L. desirable to continue this coinage
now so enormously In excess OF the public demand
A 10 the silver certificates. In additoG 10 the
grounds which seemed las, year TO justify their
retirement. may be mentioned the enect when
Is likely to ensuc from the supply OF gold ceftin'
cafes for whose issuance Congress recently maze
provision and which are now IN active ciicuiaii"n'
Exten.iye Reduction OF Annual Revenues.
You cannot fall to note with interest the discus
SION by the secretary as 10 the necessity OF provh-
ing by legislation some mode OF freeing ue
treasury OF an excess OF assets the event TINT
Congress fails TO reach an cariy .agreeinen,
for the reduction OF TAXATION hearhI,
approve the >ecretary's ccommondtu on o,
Immediate aad extensive reductions Of annual
revenues by the government
Unneccessary Taxation.
It will be remembered urged upon the attention
Of Congress at ts last session the Importance OF
neying the industry and enterprise of the country
from the pressure OF unnecessary TAXATION
IL is one OF the tritest maNinis OF po'
liiical economy tha; all taxes are burdensone,
however wisely ami prudently imposed, anu
though there have always been among our people
wide differences OF sentiment AZ TO the best fncth-
DDS OF raising national revenues And indeed as 10
the principles upon which taxation should he based
there has been substantial arcord In the doctrine
that only such taxes ought To be levied hs rIe
necessary Cor wise and economical adminisua'
ton OF the government. or irle, me puphc IvNe'
nues have far eNceeied that limit, AMI unle--
checked by appropriate legislation. such excess
will continue IRON year TO year for the Us al
year ended June 30, 1881, the surplus reNe-
nue. amounted a. one hundred millions OF uo'ht- ,
for the n.cal wear ended the son OF June tis''
the surplus was more than oac hand e. anu iortt-
dvc millions. The report OF the SECRETARY SLOWS
what disposition has been made OF these W"ueN ;.
They have no, only answered the requirements OF
the sinking fund. but they have anoi ded large I'M.
ance applicable 10 other reductions OF TIE rnDlle
debt. But ! renew the expire sion OF my
conviction thRt such rapid cNtngulshmeh' OF
national indebtedness a. l. now taking placer os
no means Cause for congTatuladon, u u 'Nu-e'
rather Tor serious apprehension " u continue -
II must speedily bc followed by one OF the cNll
results clearly se; forth In the report OF the sec
Rotary.
Either the surplus must lie idle In the Treasury /.
or government will be- fore 10 buy at MAJ h.s
rates Its bonds, no, then reieeinahle anu WINCH,
under such circumstanc cannot tai Ia coinmand
an cnorn, u prvmium, or the swollen revenues
will To dcyOled Ia eNtTivagant expenditure
which. a. eNporieree has taught, are WI
II was made apparent IN the course OF TIE anl.
mated di,cu s-ions which ,his question aroused ny
the last ,e,,i ~ Congress. that The policy OF
diminishing the revenue hy reducing lNal"h
commanded the general approval Of The mtmeei'
~ both Houses. regret tlat p+cR"-o ot conn q,
ngvicWs a. to the bc-t mcthois by which thAl T. j.
icy should Dc made operative, none ut u, nch' NJ
his a. yet been r,arc'i.
In fulllmcni II what deem my constitutional
duty, but with little l'e tia, can make Naluafir
contribution b. this yeNtd question, ,ial prucrth
10 Intimate briefly my own views Ia rcAtl"n - H.
Financial Condition.
Tpnn the shown. II our Hnarciai condition ~
the clos. Of the la-t h.ai year, f'N ju-iIn'Ti 10
recommending 10 Cougrcs- the abolition 81 MIR
ma revenue tsNc-. rAc-pt those uUun ob'r Ia IL
various forms anil upon distilled siTii- sud fer
mcntrrl liquors. Anf CAcrpl also uc -lF'l't ny
upou the manufacturers Ofand dealer ~ -uch aft
clc. venture nov io suggest thai,unlcse X SHAH hr
a.ccrinineI tina the probable pcndliurN 81 ihr
goyrriitacnt for Tire coming year hHNc bccn under
estimated, all informal taAe, save these which ~
late distilled -piriis, can be prudenily ahr"Yac
>uch course, II accompanied by the .'mpa
ncaiion OF The machinery ~ COLLECTION
which would then H. easy % accomplish
mcnl might IVA onably be expected !" p,ul' N
Diminishing the cosl Of surh collection ~ NJ cA-
a. 500. 900. AMI IN ;hc retirement fr'n Unicc OF
from 1900 % 1000 pcrsons.
The system 81 excise dEtie- has never com.
mcndcd ll.clf e. the favor of The American people
and ha. never lccn rvsorted 10 except Tor supply
ing deficiencies IN Tire Treasury, wneu 10y reason
81 .pecial cxiEcuc!e. the duties ou Imports have
proyci inadequate f'r the nec,i. OF The govern
mcui
The sentiment of ihc country doubt - demands
that the present excise tax shal De abolished -
soon such course can safely be pursued. II seems
Ia u g, however. for various reasons, 80 sweeping
A measure n total abolition OF Internal tnNc-
would for the present. L. an unwise step. Two Of
these reasons are deserving OF special IN hIiun
FIRST II l. by means &C ear that, even u the eN
lsting system Of duties on imports Is continued
without modification these dute- alone viii yield
sufficient revenue for all the needs OF
the government. II Is estimated that one hurd'cl
millions of dollars will be required for
penslons during the coming year. and IL may Dc
we'll doubted whether the maximum annual te
mand for that objec; has yet been reached. IN.
Ger Ainty on this quesio would alone justify, III
INV Judgment the retention for the present ut that
portion OF the system Of Internal revenue which q,
least objcCiicna ''le L. the people. NccOnd, total
abolition OF the taN would almost Inevitably prove
n serious. Il Not an insurmountable, obstacle To a
thorough revision Of the taril and Ia any consider
able reduction IN import duties
The present IArd ysIem In many RESPECTS l. aiyu-t
II makes unequal distributions both ~ iis uuulru-
and it, benefits. TIL. fact WAS practically rccos
nized by a majority Of each House Of Congrrss IN
the passage Of the act creating 10" turin
commission. The report OF that commission will
b. placed before YOU ut the beginning of this Sc
sion and WILL trust. aiiurd you such inform iliou
a. 10 the condition AMI prospects OF the yariOu con-
mercial. agricultural. manufacturing mining anl
other interests OF the country and contain such
suggestions for statutory revision ~ will prari!
caly aid your action upon this important subject
The Revenues from Customs.
The revenue FROM customs for the fiscal wear
ending June 80, 1879. amounted 70 si3. 100000.
IL has IA the three succeeding wears reached. nr-,
Also 900 900, then slJS,OOO, 900, AMI 1nai.
IL, as has been already stated, s22OOOO.
900. The income from this source Tor the
fiscal year which will end OF Ju 30.
1888, will doubtless he considerably In excess
of the sum last mentioned. II the iaN on dom sic
spirits are to be retained II Is plain therefore
that large reductions from the customs revenue are
entirely feasible. While Recommending this ~
ducton. an far from advising The abandonment
OF this policy. and OF 80 discriminating In the al
iustment OF details af!Ori aid ami protection
To domestic labor. but the present system
should be so revised Il. To- equaze the public
burdens among all classes and occupations and
bring II into closer harmony with the present
needs Of Industry. Without entering into minute
detail which under present circumstance, j. quite
unnecessary, recommend an enlargement OF
The Free List
- far To include within IL the numerous articles
which yield inconsleribc rcyenUe,a simpl!h alton
of the complex and inconsistent schedule
OF ,lute. upon certain manufactures, part!cu
larry those of cotton. iron and steel, and Il
substantial reduction Of the duties upon those
articles and upon sugar mOla-se-. six aud NO len
goods II general revision of the tariff shall be-
found be impraciiCab.e AT this session, express
the hope that at least some OF the more -pcuos
Irregularities of the present law may bc corrected
before your final adjournment. One Of them Is
specially referred 10 by the Secretary IN View OF
the recent decision OF the Supreme Court. The
necessity OF amending the law by which The duiic"
ani -iandarl of color l. adopted the test of the
saccharine strength az sugars, l. too obvious u
require comment.
Military Affairs.
Fr IN the report of the Secretary Of War Il APP.
pears that the only outbreak OF the In Ian, during
The past year, occurrct IN Arizona, and IN the
southwestern part Of New Mexico. They were
~.