Dodge City times. [volume] (Dodge City, Kan.) 1876-1892, 1885-12-17

values ana tnc percentage tucy respectively
bear to the total expectation, are given rs
follows:
Per-
Articles. Value. centagt
Cotton ard cotton manu-
facturerS. ............. Ssl5,tSSVi9 81.
Rreadstuffs " l6Q,31O,&O go
Provisions. .............. 1O7,aa2,456 H.T
Oils, mineral, vegetable
and animal. ,............ H,36,W IN
Tobacco and its manufac-
Wood and its manufac-
our Imports during the year We're as TO
Merchandise. ACKNOWLEDGEMENTS 9, bSO.0s3 9
Gold 1 Ic'esasso ~
silver. ..............'.'..''.." lo,ooUoo' "
Total. se2s, sss5'e s.
The following are given as prominent arti
cles Of imports during the year. with theiI
values and the percentage they bear to the
total Importation;
per cent. was collected from the TO! lowing ar
ticles of import: Sugar and lfOiasSes, 70;
wool and lite manufactures, 10; Silks and Its
manufactures, s: iron and steel and theii
manufactures, 81; cotton manufactures, 6;
flax, hemp, jute and their manufactures, D.
THE tariffs.
The fact that our revenues are in excess OF
the actual needs of an economical admins
trntiOn of the Government justifiss reduc
ton in the amount exacted from the people
fer ts support Our Government is but the
means established by the W III of a free PEG.
pie by which certain principles are applied
which they have adopted for their benefit
and protection, and it is never better admin
i5tered aid it's true spirit is never better
observed than when the peoples taxation
for its support is scrupulcusly limited to the
actual necessity of expenditure, and dis
tr.butcd according to just and equitable
.ilah.
We should also deal with the subject If!
such manner as TO protect the interests of
American labor, which is the capital of Our
wOrkingmen: Its stability and proper re-
muneration furnish the most justifable pre-
text for protective policy: Within these
limitations q certain reduction should be
made in our customs revenue. The amount
o. slch reduction having been determined,
the inquiry follows where can it best be re-
mitted and What articles can best be re-
leased from duty in the interests OF our c:ti'
Zens.
1 think the reduction should be made in
the revenue derived from a tax upon the
imported nccessaries of life. We thus
directly lessen the cost of living in every
family Of the land, and release to the
people in every humble home larger meas
ure OF the rewards of frugal industry.
NATIONAL BArKs.
During the year ended November l, 1885,
AS National banks we're organized. with an
aggregate capital of sic, 1888 600, and clrcula-
ton notes have been issued to them amount
ing to S4,274,9l0. The whole number of these
m nanaf w sss'snss on The Re very n}ed
by our National banks. compared
With the amount the law permits them to is
sue upon GebOsit of bonds for their re-
dempt on. indicates that the volume Of cir.
culating medium may ne largely increased
this instrumentality. Nothing more
important than the present condition OF our
and coinage can claim your attefi.
ton. Since February, 1877, the Government
has, under compulsory provisions of law,
purchased silver bullion and coined tho
same at the rate of more than S2,OOOOO
date. 2t5, Isl, 435 silver dollars have been
coined.
THE SILVER QUESTION.
A reasonable appropriation or delegation
of power to the general Government would
limit it's exercise without express restrictive
words to the peoples needs and the require
ments of the public welfare. Upon this
theory the authority to coin money given
to Congress by the Constitution, if it permits
the purchase by the Government of bullion
for coinage, in any event does not justify such
purchase and coinage beyond the amount
needed for sufficient circulating mea,um-
The desire to utilize the silver product of the
cOuiitry should not lead to misuse or the
perversiOn of this power.
The necessity for such an addition to 4no
silver currency of the Nation, ns IS compelle6
by the silver coinage act, is illustrated by the
fact that up to the present time only about
10 OtN, 600 Of silver dollars so coined have actu-
ally found their wny into circulation, leaving
more than $l65, 100000 In possession OF tho
Government. the custody OF which has en-
tailed a considerable expense for construo-
ion of vaults for its deposit. Against this
after amount there are outstanding silver
certificates of about $93,O00,0OO.
Every month 100000 of gold in tae pub
ic treasury are paid out for &, OO0, 900 or moro
IF silver dollars to be added to the idle mass
II continued long enough
his operation will result in q substitution of
silver for all the gold the Government owns:
applicable to its general purposes. 1t will
lot do to rely on the customs receipts OF the
the silver thus coined having
)cen made legal tender for all debts aud
iues, public and private. At times during
he last six months 90 per cent of the receipts
or duties have been in silver or silver certif-
'ates, while the average within that period
las been 10 per cent.
The portion of silver and its certificates re
,eived by the Government will probably in.
rease as time goes on, for the reason that the
learer the period approaches when it will be
obliged to offer silver in payment of its obi.
.atiOns, the greater inducement there will
,e to hoard gold against depreciation in the
-alUe of silver, or for the purpose of specn;
ating. This boarding of gold has already
'egun. When the time comes that gold has
'een withdrawn from circulation. then will
,e appar, mt the difference between the real
alue of the silver dollar and a dollar
n gold, and the two coins will part COM
ANY. Gold, still the standard of value and
necessary IN our dealings with other cOun-
rics, will be at premium over silver. Banks
which have substituted gold for the deposits
+ their customers may pay them with
liver bought with such gold, thus making q
andsome profit Rich spectators will sell
heir boarded gold to their neighbOrs. who
eed it to liquidate their foreign indebted
ess at a ruinOus premium over silver, and
1Ost defenseless of all. will find that the dol
ir received for the wages of their toll has
ably shrunk in it's purchasing power.
IL may be said that the latter result will be |
labor will be adjusted to the change. But |
ven # this takes place the wngewOrker can |
OF possibly gain, since the price he is COM |
elled to pay for his living will not only be |
lat ng and uncertain in its value but this |
ncertainty in the value of the purchasing |
ledium will be made Il pretext for an ad-
ance in prices beyond that justified BY the
The words uttered in 1884 by Daniel Web.
ter in the Senate of the United States are
rue tO-day-'The very man of all others who
as the deepest interest in . sound currency |
nd who suffers most bv mischievous legis
ltion in money matters is the man who
arms his daily bread by his daily toll" The
lost distinguished advocate Of bi. netalism,
ritten: no American citizens hand
as yet felt the sensation OF
spending the silver act collars,
nd those who live by labor or legitimate
ade never will feel that sensation Of
leapness. However plenty silver dollars
ay be, they will not be distributed as gifts
nong the people, and if the laboring man
,ould receive four deprec ated dollars
here he now receives two, he will pay in
e deprecated coin more than double the
ice he now pays for all tho necessarics and
,mforts Of Life.
Those who 90 not fear any disastrous con-
or:S 10 |
:isory coinage Of silver, as now directed by
W, and who suppose that the acuition OF the
lrrency of the country intended as its re-
lit will he public benefit, are reminded
at the point is easily reached in the attempt
float ut the same time two sorts of money
/differen: excellence when the better will
asc TO be in circulation. The boarding ct
I'D, which he's already taken place, indi-
taS thar We shall NOT escape the usual |