New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-12-09
Of the entire amount f duties Elected 20 per
cent was collected from the following articles of


import:
Percentage.
W n , f., 29
SIlK and manufa lures. .................... 2
Iron aud steel ami their anufac urrS ......... =
FLAX, hemp and jurr. AMI tn r m ,nniac.lres.. 8
REELECTION or EEvEvrH.
The fact that our revenues are In excess of the
actual needs of an economical ad ninistra ion of
the Government. justIGes reduction in the anount
eXacted rom tue peops for It's support Our Gov
erDment is bul the means established by the will
os tree reope, by oh certain principles ara
applied whic they have adopted for their be1eis
Und prot ctlon and 1t ~ never better lDIn stored
and It's true nit ~ never better OBJ erved tnan
when the peoples toxatlou for / support IS
scIupulOus limited To the actual necessity of ex-
Dendi re- and dis ributed according TO a just and
equi able plan. The or posi- ION with which we
have To deal IS the re uctiOn of the revenue re-
celved by the Gov ernmeLt aud indirectly paid by
the PEG lie + ON customs duties. ! he question Of
rec trade IS not involved nor L. there now amy &C.
casIOn TOR the genes ii discussion OF the wisdom
eXpeC lencv OF protective system. Justice and
fairness dictate that III any modification of our
present laws re aine to revenue the industries and
n erests whicn have been encouraged 10y such
laws, and in which citizens have large I've T.
ments. shoud not BE- njuIed destroy d.
We should al o deal W tn the u1jcc IN such a
manner az TO protect the IN 1restS of American
btr, winch Is the capital of our workIugnen: ITS
staDilty and proper remuneration urusb the most
juStiii1blc pr"text Tor a protective DplIcy.
NIbm th,se limitations . certain reduction
should b m de- IN our customs revenue. The amount
OF such reduction having ben Il termned the IN,
qulrV follows Ierp Cant best be RENTED aud what
articles can best be released rom dIiv il The inte--
OF our cItlze ~ think the reduction should
be made IN tie revenue derived fro upon
the imported nccess arles of Ife. We thus direc ~
lessen the c0si of living in every ainrly of the and,
aud re case 10 the people in every humble home a
lai ger measure OF the rewards OF frugal Industry
IA KING ND CURRENCY.
During he var ended November /, 1885, one
hundred and fortv-ive national banks were organ
lzcd, with aggregate capita of $40 9;}S, 0OO aid
circulating notes ave been issued TO them Mount
ing to $i.274910. The whole number of these
banks existence the day above mentioned
was 2,727. he very limited amount of circulating
notes issued by our national banks compared with
the amount the law permits the G. Issu', upbn q
de Ost of Onds for ter reden ptiOn, md catei
that the volume OF our circulating m dunn al be
largely increased thrcugh this s rumehTaii,y.
No hing mo InD T ant than the present condo
ii II Of our currency and c0nage can Claim youF
at en- ION. Since February, 1873, the Cove rn'ne1t
ha~, und r the compulsory PROVISIONS OF IaH, pIr-
cha,ea silver bullion and coined The same at the
IA of more than TWO millions OF dollars every
month. BY tbI. process up TO the present date
2lJ,75943l silver d III rs have been coined.
reason al BILE apprecia oD of u delcgat o of power
to the General Government would linIt its exercise
hoIt ex orrss res rictve wlrds, u the pc DJl's
leeds and N reqnrc ncntSO o. the public welfare:
Upon this theory, the authority % " col money"
gwen % gresS by he Constitution, # it permits
the pnrcha e by the Government of bullion FOR
coin lge IN lrg event. does nc. justify such pur-
cla and clInaye an eXtcn0 beyond the amount
npeled for IA Smile eut circulating medium he
desire TO utilize he silver plod lct of the country
should aOt lead to u misuse or the porversIon Of
this power.
The necessity for such an addition 10 the silver
currency Of the anon as ~ conpelHd by The
sill cr-cOnr act. il neg itved by the fat that 0g
to the present. me only abou 6'ty mi lifns OF the
SILVER dollars so coined have actu. ~ tOnnd their
way into cur uaIOn. ieavi ~ more tnau ono hun.
dred aud sxtylive mil ioEs III the possession 81 TIE
Cove nmeni. tie chs ody OF which haa cntal ed
considerable expen tor he c0nSlru tipu Of vaults
for It's deposit Against ms a. ter cunt there
are outstanding silver ceritCI a uoUntI q TO
an ut ninety-three millions of 10 lar. Every
III NTH two millions 81 II IN the public reaoury
are paid our for wO millions more vi silver oil
lars to be added to tie Idle mass already ac-
cunulated.
If con.inucd long enough. this operation will re-
suit IN The subNtlu ION 81 yer for ali the GOid tie
Government OWES applicable TO its general pur-
poses VIII not do 10 rely upon the SONS
CO pts of he Government E. ma c good this drain
# gold because he liver thus cOirea h ivIng been
made l"ga fender fer ali debts and dues. pubI O
and private, at times during IN. las SIX month, -
pei cent Of the Tcceu Is r tu'Ies have be III
SILVER ar sycr cert icates viii the average n.
~ that period has Dcel 20 per cent. The prop
ton q silvrr and its Ger iicaths received b! the
Government vii pr.b bah y Increase AZ time goes on,
for the reason that The ne rer the th- period aD-
pioaches whelit will be- Obliged t. offer silver ID
payment of its OblCa 10 - TIE ere jter induce ent
there WI, be % hoard gold az INST depreciation in
va,ue of ~ yer or for the purpose of ,tecnl"t-
ing This hoarJing of gold has rea I, be,uu.
Wacn the tIm comes tdat gold has cen withdrawn
from Circalatl n, hen VIA De az the d.ier-
cnce between the value "f the sIyer dol ar and
"A dollar IN gold, and the Two colLs VIII Tart cOu-
p,ny. Gold. III the andard OF value, ana ieces-
sary in our dealings with other conn ries, ,il be no
a premium over liver; ba ks VIII ch have subs l.
fufed go tor the depOsli 5 81 tho cis Om'rs Way
pay EN- with SILVER bon Int with such col thus
making a handSom" profit rlcu spcru aIUrS Will
sell the hoaracd god to their neIgL-
a Il ruuOus premium over silver, aid the
aboring me- and 10 n OF the aI.
do lar received for the their
toni has sa lY shrunk il its puich sing pow,f.
Ii NAV be SAID that tue latter re 'uI. VIII De hnG
temporary. and that ultimately n" price Of labor
W.; be adjusted TO he chang; but even II THIS
tadeS place tee wage worker cannot po Sibly GIN,
blI must inevitably 10 sine the icr he Is
pc led To pay for MS living Ill not OILY Oe meas
ulrd III nc tylly deprecated ana h1c IL tang
and uEcerta u IN its value but Thu uacett1lntS IN
the 1aue of che chasing med.nm vii. bo m de
tn" uIeteXJ foI All advance III prices oeyold that
jus fled by actua dc reciall non.
The w0Ids alter ii IN 1884 by Daniel Webster IN
The Senate of the United 5 ate, are tluU to- ay
" tie very nan o. all D,her, VINO ha> tuo GcopeSt
mtercS IN souId currency AID wlo snu most
by .nIschlcyouS lrgiS alton IN money matters, H
tnc man no earis hlS daily bread by his daily
tOI.' The moNl dISlngu. Sn d advocate OF bImetal'
hsm discussing our siiV, coinaYt. la, lately wnt.
ton -" No American citizens nalu has yet tell
the sensation OF cne9pneSs either IN rec lEIhg or
cXpendn2 the silver ACT dollars" AM sho'e VINO
live by labor or legitimate ira enever VIII leci thaI
sens ton Of cheIpneSs L0wcNcr enlE snteii
dO,larS may become. they will be distributed
as 81 IL among the proplej ana II th1 apoiiis man
should receive four deprecated dollars Whrre 'e
now receives bat tAO, he VIII pay III the depie-
c,nted con more than double the price ne now pays
for ali the nrccs, T cS and co forts of life
nose who do npt tear any dra'tIous conse-
ourncc. ARISING fr.m he continued compu sorry
rro,unrc of SILVER a now directed Dy law. and wno
8, nnuse that the addition 10 tine currency Of he
conry inte lie IS lis result vii be DdD nc ne
III are r,ml d { ut history douOnStTaUs tht
th, pomt Is easily reached ia tAe attempt to iOat
nj tle SAME ne Two sOrCs Of money of different
excellence, when tie better vii cease 20 De II gen.
rrtl circulation. he boarding OF gold, VI Ic1 las
Already taken place, Indicates that We shall not
rscaDe the Sua experience III SucA eases. so, II
T is SILVER coinage Discontinued. We may reasonably
expect tat gold aud lis equINa.eLt VIII abandon
Inc field OF UITcuttt On TO SILVER aI0Ae. IhIs, of
course must produce Soycrc contraction oi our
circulating medium, i1Si cad If adding To IT.
Ii Will not b. disputed Jnat any atte .p5 on tho
part Of thu Government To cause the 'ucula ION