Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1885-12-09

efforts to secure the place. He must be
a very mean man.
----------------------
CLEVELAND'S CONCLUSIONS.
A Continuation of the Presi-
dents Message from Yes
terday's Paper.
The Financial Department. Gontia-
uS0.
EXPORTS AND IMPORTS.
Some OF the principal exports, with
their values and the percentage they
respectively bear to the total
expectation, are given as follows:
Cotton and cotton manu-
facturers....; ......, .S2is, ,7ss, ,049 -. 2.92
Manufactures bread stuff. l80,Sl0,820 -. .22.U7
froVlslons.. ..,...-. lUi,5S2, 456 ..l@17
Oh, mineral, vegetable and
TOBACCO and its manafac- ''''So2V1 ''s'
lures .t....-........s... N,TbI ,3U5 3.4l
Wood and its manufactures. II, ,i64 ,322 -. 2,95
Our imports during the year are as
follows:
MeTehandise h ...............,..$ $579, ,5so,o5S 80
Gold ........,................. 20 6et, ,S91 90
olIFeT'....t,' ..'... 1o,55U62l %
Total. ........., ,s622, So, ,a76 80
The following are given as prominent
articles OF import during the year, with
their values and with the percentage
they bear to the whole importation:
Per-
A'tclos Value. centags.
Sugar and molagses SIC, ,7sS 7iS ..,.ls 20
Coffee .................. 4s, s,723,SlS -. 500
Wool and its manufactures. 44,B5t4s2 % is
Silk and its manufactures. AZ, 1888 o02 49,. $3.50
Chemicals, dyelngs and med
Iron and steel and their 'H'0'0''t' ~ Wv
manufactures ............., 3,456, ,3S9 -. 5O8
Flax, hemp, jutc and their
manufactures .............. 81, 1854 S74 .... 569
Cotton and It's manufactures 2S l52, COL -. kSB
Hiues and skins, other Than
fur skins Observation-Disclosures. &c. o.5s6, ,44s s56
Of the entire amount of duties col
lected 10 per cent. was collected from
the following articles OF import
Sugar and molasses. sses....................... 20
Wool aud its manufactures ...........,..... Z
Ootton manufactures. .................., 80. d
Flax, hemp and jute and their manufactures s
LITTLE MoRALIzING.
The fact that our revenues are in ex-
cess of the actual needs OF All economical
administration Of the government justl-
tieB reduction in the amount exacted
from the people for its support. Our
government is but the means establish
ed by the will of q free people by which
certain principles are applied, which
they have adopted for their benefit and
production and it is never better ad-
mlnistered, and its true spirit is never
better observed than when the peoples
taxation for its support is scrupulously
limited to the actual necessity of ex-
penditure and distributed according to a
just and equitable plan. The proposition
with which we have to deal with is the
reduction of the revenue received by the
government and indirectly paid by the
people from the customs duties. The
question of free trade is not involved, nor
ls there now any occasion for the general
discussion of the wisdom or expediency
of a protective system. Justice and fair
ness dictate that in any modification of
our present laws relating to revenue, the
Industries and interests which have
been encouraged by such laws and in
which our citizens have large invest
ments should not be ruthlessly injured
or destroyed.
REVENUE REDUCTION.
we should also deal with the subject
in such manner as to protect the in
terests or American labor, which is the
capital Of our working men, Its stabil-
lty and proper remuneration furnish the
most justifiable pretexts for a protective
policy. Within these limitations GER
tain reduction should be made in our
custom revenues. The amount of such
reduction having been determined, the
inquiry follows, where they can best be
RENTED, and what article can best be re-.
leased from duty III the. interest of our
citizens? think the reduction should
he made in the revenue derived from a
tax upon the imported necessaries of
life. We thus directly lessen the cost of
living in every family of the land and
release to the public IN every humble
| home larger measure of the rewards of
frugal industry.
NATIONAL BANKS.
| During the year ended, November 1st,
1885, one hundred and forty national
| banks were organized with an aggregate
capital of $l6.938,oO0 and circulat-
ing notes have been issued to
them amounting to $4,274,919
The whole number of these banks in
existence on the day above mentioned
| was Z,iZi. Ihe very limited amount OF
circulation noses issued by our national
banks, compared with the amount the
law permits them to issue, upon q
| deposit of bonds for their redemption
indicates that their values as circula.
tion medium may be largely increased
| through this instrumentallty. Nothing
more important than the present oondi
tion of our currency and coinage can
claim your attention.
SILVER COINAGE.
i Since February, 1878, the governmen!
4 has, under the compulsory provisions OF
law, purchased silver bullion and coined
the same at rate of more than 100000
every month BY this process, up to the
present date, 215,T59,43I silver dollars
4 have been coined.
i A reasonable appreciation of delega
tion of power to the general government
would limit its exercise without express
restrictive words to the peoples needs
and the requirements of the public vel
fare. Upon this theory the authority
ito coin money" given congress by the
Constitution, if it permits the purchase
by the government of the bullion TO,
coinage, in any event does not justify
purchase and coinage to an extent be-
yond the amount needed tor o sufficient