The Warner sun. (Warner, Brown Co., Dakota [S.D.]) 1885-1???, 1885-12-18

ture Observation-Disclosures. &c, loZ,OuI 4.So
than fur skins. -. 90, 5sG,443 $3.50
OF the entire amount OF duties collected, 20
per cent was collected from the following articles
Of import; Sugar and molasses, 20: wool and
its manufactures, 10: silk and It's manufactures,
8: Iron and steel and their manufacturers,
Z; cotton and It's manufactures, q; fax, hemp
and jute and their manufactures. D.
REDUCTION OF REVENUE
The fact that our revenues are in excess OF the
actual needs of the government, j~ustifies a re-
duction in the amount exacted from the people
for It's support. Our government is but the means,
established by the will OF a free people, by which
certain principles are applied, which they have
ado pied for their benefit and protection, and 1t
is never better administered, and its true spirit
Is never better observed than when the peoples
taxation for it's support Is scrupulonsly limited
to the actual necessity OF expenditure and dis
tributed according TO a just and equitable plan.
The proposition with which we have TO d3al IS
the reduction of the revenue received by the
government and indirectlv paid by the people
from customs duties. The question of free
trade Is not involved, nor Is there now any oc-
casiOn for the general discussion OF the wisdom
or expediency OF a protective system. Justice
and fairness dictate that in any modification OF
our present laws relating to revenue, the in
dustIies and interests which have been
encouraged by such laws, and in which
our citizens have large Investments,
should not be ruthlessly injured or destroyed.
We should also deal with the subject in such a
manner as to protect the interests OF American
hduOE, WHICH Is Ju6 Capital Oh our WOIkluRtutu.
Its stability and proper remuneration furnish
the most justifable pretext for a protective
policy. Within these limitations q certain re-
duction should be made on our customs revenue.
Tho amonnt Of such reduction having beef de-
termined. the inquiry follows where can 1t best
be RENTED and what articles can best be re-
leased from duty in the interest OF our citizens?
think the reduction should be made in the rev.
enue derived from a tax upon the imported nee
essaries of life. We thus directly lessen the
cost OF living in every family OF the land. and re-
lease to the people IN every humble home a
larger measure OF the rewards OF frugal In
dustry.
THE BANKS.
During the wear ended Nov. 1, 1895, las ma
tional banks were organized, with an aggregate
capital of $16. 1895, 900, and circulating notes
nave been issued to them amounting to $4,274,-
oiO The whole number of these banks In ex-
lstence on the day above mentioned was 2,72T.
Inc very limited amount of circulating notes
Issued by our national banks compared with the
amount the law permits them to issue, upon a
deposit or bonds for their redemption. indicates
That the volume OF our. circulating medium may
De largely increased through this instru-
mentality. Nothing more important than the
present condition of our currency and colnage
can claim your attention. Since February. 1913,
sae government has, under the compulsory pro,
Visions OF law, purchased silver bullion and
coined the same at the rate OF more than
Saooo,0O0 every month BY this process,
Sagg1 70 the present GATE, 2io oo tas;-
A reasonable appreciation of a delegation OF
power to the general government would limit It's
exercise without express restrictive words 10 the
peoples needs and the requirements OF the pub
nc welfare. Upon this theory the authority TO
loan money, as given 10 congress by the COLI
~sttution, II It permits the purchase by the gov
Srnment OF bullion for coinage in any event,
soes not justify such purchase and coinage TO
le extent beyond the amount needed for .
suincaent circulating medium. The desire 70
utilize the silver product OF the cou try should
not lead TO a misuse, or the perversi0n or this
power, The nQeageifu for Qucl nm addition 20
PEELED by
THE SILVER COINAGE ACT,
y negetived by the fact that up to the present
sme only about Atty millions OF silver dollars
80 coined have actually found their way into CIR
cuia.ion, leaving more than $165. O0O, pos.
w VISION OF the government, the CUSTODY OF
wnicn has entailed a considerable expense TOT
sne construction of vaults for Its deposit.
npalnst this latter amount there are outstand-
i nn silver certificates amounting to about 800
vVV,oOO. Every month g. o OF gold IN
inc public treasury are paid out for So, O00, 900
" more OF silver dollars to be added TO the ldie
mass already accumulated. IL continued long
,, uts this operation will result In the sups.i.
suIon OF silver for all the gold the governmen5
vmns applicable to its general purposes. III VIII
not no to rely Upon the cnstons receipts OF the
soseInment 60 make good this drtin OF gold, De,
valse the silver coined having been made legai
lender for all debts and dues, public and pr,
saee, az times during the last six months, %
pul ccnt OF the receipts for duties have peen az
~asot VI silver certificates. while bne asciaeo
nmilnm that period has been 20 per cent
me proportion OF silver and its certificates re-
ociyed by the government will probably increase
ssume goes on, for the reason that the nearer
sne period approaches when it will be Obliged 70
onel silver In payment OF Its obligations tne
saeater lnducement there will be 70 hoard gov
esainst depreciation in the value Of silver andiol
sns purpose Of specializing. This boarding o.
Solu mas already begun. When the time comes
s mat gold has been withdrawn from circuiasaon
snsn will be apparent the difference between tne
.esi value OF a silver dollar INC q dollar N
koAus ana the two coins will part company. Colo