The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1885-12-18


1As Prpslds.e's Views - shs suh)est -
TAxasion. The Condlslon ~ che Currency
ana ~ Conelnusa Coinsgs nnd tsoarding
- silvsr--as Declares y - Illogical snd
Loslng Ceneesa. ana 0eeonnsends the sns-
penshsn % ~ Farther Coiange % silver
Dollnrs-
We give below the views % President
Cleveland on the subject Of taxation and on
che silver question, - embodied IN his
message, but which were omitted In The
regular report rather than run the risk Of
curtailing them, As We deem the matter of
sufficient importance % be given In full;
nKDucrIoS OF rAxsrsox.
ne fact thar our revenues ore n excoss Of
elon o. the Government. jussi0ce reduction
d amount exacted from ene people for iss
suppcrt Our Governmens = put sss mss ns
which certain principles are applied which
they have adopted for their benefit and pro-
sccilon. and e y never better administered.
chan when the peoples saxaslon Tor IL sup.
port Il scrupuiously limited 90 the actual
Necessity Of expenditure and distributed &C.
propagation vita which we have 60 deal
q the reduction OF che revenue received ~
she Government ana , nees TSe p pnss,so ne
Of free trade - not involved. nor y there
now any occasion for the general discussion
OF the wisdom orex!ei ency O. protective
any modification Of our present laws reiat
Ing 60 revenue the industries and Interests
which have been eneonrased ny snen laws.
mcnt< should not be rn'hie<<ly injured or
DESTROYED. We should also deal with the
subject 1 such manner a. % prS'se, sns s m
ltal OF our worklngmen. lts STABILITY and
proper remuneration furnish she most JUST.
babe presess TOR rrssecs've POLICY, Mnn,n
be made In our customs revenue Inc
amount OF such reduction having been de-
sns 5assy tHos s1 best
be released from duty IN the interest OF our
cifixcnss
WHERE THE REDUCTION SHOULD NIX MADE
think the reduction should be made In the
portaSs neee s q lie. We thus directly
lessen the coot Of living IN every family OF
the land. and release 90 the people IN every
humble home q larger measure OF the re-
wards OF frugn: Industry.
During the year ended November ]. ls5.
rs National Banks we're organixed' with an
Non notes have been issued to them amount
ing to <t.s-s.eic- The whole number OF these
banks IN existence on the day above mn
| OF circulating notes issuea by our National
| Banks. compared with the amount the law
| permits them 20 issue upon deposit q
l the volume OF Our circulating medium may
be largely increased Through this tnstrumen-
4 sAiIty.
| PRESENT CONDITION or OUR CURRENCY
| ana coinage can claim your attention. sine
I tie compulsory provisions Of law. purch ased
| silver bullion and coined the same ~ she
/ rate Of more than I,'oc.ooo every month. ~
so M e have ave eoasd
power 20 the general Governments would
, words. 20 the peorie's needs andihe require
theory me authority 20 .coin money given
rnits the purchase BY the Government q
bullion for coinage IN any event, does not
justify such purchase and coinage 20 IN ex
Gent circulasing medium The desire g
utilize the silver product Of the country
should not lead 70 : misuse or the perver
an ans addiso SO, g che silver currency OF she Ma
sicn AZ 10 compelled BY the silver coinag'
act . negatived by che fact that up 20 tn'
YER dollars 80 coined have actually found
their ray into circulation leaving NOR
than one hundred and sixty fiye millions y
Of which has entaiied = considerable ex
pense for construction Of vaults for its de
posik Against this latter amount there ar
Outstanding silver certiheates amounting =
IDLE corn
Every month a0oe 900 Of gold In the pub
lie Treasury are paid out for tcp0 0p o
nae already accumulafed II continue
long enon this operation viii result n 81
substitution Of silver for all the gold IN
Government orns app,esp - r " :" 5pnn -
customs receipts OF the Governments 20 max
rood this drain OF gold. because the silvc
snus consa ns d. been nS sae sn se nrsvase
SImes during she past SIX months nifty eigh
per cent. OF che receipts for duties have bee
= e s sSas reroS nss sesn
, Der cent the portion Of silver and lie ceI
5ifcaees received BY che Government vii
probably nsre .s - ms E9 n c on air 81 81
Z proaches when it will be obliged 10 offer 81
) yer In payment for ~ Obligations. 81
ereater indncemenf there will Be 70 boar
: silver OK for the purpose q specializing.
THE BOARDING or GOLD
I, has already begun. when the time come
that gold has been Withdrawn from circuli
, tom there will be apparent the difference b
!. tween the re ii value Of The silver dollar an
. dollar In gold. and the two eoin- vii pa
: company Gold. still the STANDARD ~ valn
: countries. viii Be at . premium over -Ilve
e Banks which have eubstit tied gold for n
q deposits 0f their customers may pay the
with silver bought with such goi1. thus NAL
ing q handsome profit hich specuiato
: viii sell their boarded gold 10 their neigl
. bors who need 4 20 li1uidate their forcie
debts. at a ruinuus premium over silver. m
Che Iaborinx ren and women Of tho Ian
Il most defen-eless OF all. will ind that q
collar received for the wages Of their toll h
sadly shrunk In Its purchasing power.
b may lie said that the latter result will
/, but temporary. and that ultimately. q
price OF labor viii be adjust "a 20 the chang
But even u this e. kes place. tile wage worl
4 er cannot possibly gain, but must inevitab
. lose. since the price he u compelled 20 "a
= for his living viii not only be measured IN
coin heavily deprecated and nnctuafii
u and uncertain IN its value. but TINS nnce
tainty In the value Of the purchasing ~
4 diun viii Dc made the pretext for an =
vance In prices beyond that susuned BY q
oual depreciation.
- DkxfEL WEBSTER QUorED.
~ The words uttered In 1884 By Daniel We
eter IN the senate of the United states a
m true to-day. The very man Of all Otbe
who has th'- deepest interest IN = sound ct
e rency and VINO suffers most BY misch.evo
legislation IN money matters y the man "
v. earns his daily bread BY his daily toll" y
~ most distinguished advocate Of bimetaiis
~ discussing our silver coinage. has late
written: mo American citizens hand }
ye. fclt the sensation u cheapnrss. neiti
~ IN receiving orexpending the silver act q