Democratic Northwest. [volume] (Napoleon, Ohio) 1869-1894, 1885-12-10

fur skins. .................. D,bS6, ,443 800
OF the entire amount Of duties col
lected 10 per cent. was collected from
the following articles Of import: Sugar
and molasses 20, wool and its manufac-
lures Is, silk and its manufactures 8,
iron and steel and their manufactures 7,
cotton manufactures 6, fax, hemp and
iute and their manufactures 5.
The fact that our revenues are in ex-
cess Of the actual needs Of an economical
administration Of the government, justi-
fies reduction in the amount exacted
from the people for its support. Our
government is but the means established
by the will Of free people, by which
certain principles are applied which they
have adopted for their benefit and pro
lection and it is never better administer
ed and its true spirit is never better OBJ
served than when the peoples taxation
for its support is scrupulously limited to
the actual necessity aud expenditure and
distributed according to q Just and equit-
able plan.
The proposition with which we have
| to deal is the reduction Of the revenue
received by the government and mdi.
rectly paid by the people from custom
| duties.
The question Of free trade is not in
volved nor ID there now any occasion for
the general discussion Of the wisdom OF
expediency Of protective system. Jus
tice and fairness 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 investments should not beruthless-
| ~ injured or destroyed.
We should also deal with the subject
in such manner as to protect the inter.
est Of American labor, which is the cap
ital Of our workingmen. Its stability
and proper remuneration furnish the
most justifiable pretext for protective
/ policy. Within these limitations q GER
tain reduction should be made in oul
customs revenue. The amount Of such
i reduction having been determined, thu
inquiry follows, where can it best bt
remitted and what articles can best b.
released from duty in the interest Of oul
citizens?
L / think the reduction should be mad.
in the revenues received from tax upol
4 the imported necessities OF life. w,
thus dire otly lessen the cost of living il
every family Of the land and release Il
the people inevery humble home large
| measure Of tho rewards Of frugal indus
try.
Il $50 NATIONAL. BANKS.
| During the year, ended November !
1885, 145 national banks were organized
| with an aggregate capital Of SIG, ,938, 900
and circulating notes have been issue
| to them amounting to "a, 4,274, ,9l0. Tn
i whole number Of Of the banks in exis
i tence on the day above mentioned wa
'i2,727.
Il The very limited amount Of circulating
i notes received by our national banks
. compared with the amount the law per
mits them to issue upon deposit Q
bonds for their redemption, indicatestha
| the volume Of our circulating medium
4 may be largely increased through thi
ii fundamentally. Nothing more impol
4 tant than the present condition Of th
currency and coinage can claim your at
4 tention. Since February, 1873, the gov
ernment has, under the compulsory PFC
| visions Of law, purchased silver bullio
II and coined the same at the rate OF NOR
i than 81, ,000, 900 every month. By thi
Il process, up the present date, 215. 759, 43
n silver dollars have been coined.
Il A reasonable appropriation Of dele
cation of power to the general govern