Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1885-12-11

serve. '-..'........ 1O0GO0OOOO
-------- S1E!,6i0 1857
----------
Net balance IN treasury ..... S6tSlS'2H j.
The balance in the treasury has there
fore been increased within the above pc
rod by the sum OF S1SOo3, o22I.
,,.,,-,,.>.,.,. ,.,,,>.. ,,,.,.,,,,,,
''""rNNi N>' ANN'i'H MR. '''i'
a review of the several groups of laws
which it is the duty of the Secretary of
Treasury to administer, mantests, It's in
quiry into the business of the country
does, the grave need of reform in the state
of our currency and in the present scheme
of our taxation.
Currency reform is first in the order of
Importance and of time and fitlv pre-
cedes other reforms, even taxation re
form, because it will facilitate all other
reforms. and because it cannot safely be
deferred. The coinage act of 1878, is over
loading the minis with unssued, the sub
treasures with returned, silver dollars,
and Will unaVoidably convert the funds
of the treasury into those deprecated and
depreCiating coins.
The only choice before Congress is the
choice between one-metallism and two
metalism. The silver dollar cannot be
kept in equivalence with the gold dollar if
the coinage of silver continues The gold
dollar cannot be kept in full domestic cir
culation if the silver dollar is suffered to
fall. Coming more necessitates its fall.
Doubtless some may hope that more silver
dollars can be coined, and vet their equiv
alence with the monetary unit not be lost
1t is respectfully submitted that there is
no compensation for that risk. and that a
Judgment so accordant of the great bust
ness classes who carry on the exchanges of
the country must be accepted AS "A final es-
innate of that risk.
Like our currency laws. our tariff laws
are a legacy of war. If its eyigeucies eX-
cuse their origin, their defects are un-
necessary after twenty years of peace.
| They have been retained without sitting
and discrimination, although enacted
without legislative debate. criticism. or
/ examinations \ horizontal reduction of
| ten per cent was made in 1872, but was re-
peacd in $50, and rejected in 1854. They
require at our custom houses the employ
ment of IL force sufficient to examine, APP
/ i1S2 different article. MANY rates of duty
begun in war have been increased since,
although the late tariff commission de
clared Them "iniurinns to the interests
/ SunnCsad to hn haunfta1 on6 Snid that
- .trnd,,o,irn ,,.'',IiJ 10 o,i,,ni,," 20 ~
some rates have been retained after
auVahiage' Other rates nave Deeh re-
t"lneu 3l'er ",lecIlnI hlSuer price lor
uoiltatlc proUucl Ill nome llahi IL was Solu
ABROAD l1r. me general hlgh Level OF
RUS mas "een Ieta.'iet On tne lheors vi
co''iltetNallnS ioWet wages abroad, When,
IN lact, lhe hlgner wages OF American
orr cnuacItv to distance all comnetitIon
from ''pauper labor, IN any market.
II Is not TO be doubted that IN any re-
form winch snail nnally receive the APP
proval OF the two Houses OF Congress,
tney, Will maturtly consider ana faNOra-
bly regard the interests which can only
gradually ana carefully be adjusted,
without loss, TO changes IN the legislative
conditions Tor Their advancing prosperity.
Win TINS view. have invited, IN some
Two thousand circular letters to our
manufacturers ana merchants, their
enlightened cooperation in the improve
ment of our fiscal policy, ana the replies
received Will hereafter be submitted to
WV '''''''' VI '''
REVENUE FROM CUSTOMS.
The revenue from customs COW
cred INTO the treasury by
warrant for the fiscal year
m ended June ~, 1883, was. SlSl,iIl,!69 81
lhat Tor the preceding year M o.- 400 -.
WAS ''...''''.'''' .''''' '''' h''oo''fo' 80
showing a reduction 135a5. 40 ~
-oo.Y'o -
M. ;,,,,..,,.,. :, A.. .,., .,..,.
Nv o"nc ~ NY ailiI"l a,. haioi il
80 - 40 on H"'I"Ct0 ~ " t
atott' H. 80 r. ~ =" lo1i !" foU't ~
tyii. ~ ,o'i ''H preil c",seu NANNY ny
,ie ueuiiae ~ me pics ~ LOCUS a'tpJeoi
~ iIuinC u aG upon Nhlch are n'Po9c''
h'-" '"''' Vi ""'!'