Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-12-09
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The Treasurer's RePort-ReVenus, Tartf
aud other Questions.

The Treasurer's AaEih
aud other Questions.
The report Of the Secretary Of the Treas
ury fully exhibits the condition Of the pub
lie finances and of the several branches OF
Government connected with his depart
meut. The suggestions Of the Secretary
relating 10 the practical operations Of this
important department, and his recommen-
dsliou 10 the direction Of simpli6cstion
and economy particularly. The work of
collecting customs duties are especially
urged upon the attention Of Congress.
Here follow summaries from the Treas
urer's report already published in Mon
days REGGsTER
REVENUE REDUCTION.
The fact that our syenues are in excess
of the actual needs Of an economical sd-
mipistrstion of the Government justihes
a reduction in the amount exscted from
the people for its support. Our Govern
nept ia but the means established by the
will ola tree people BY which certain prin,
ciplss ore applied which they have adopted
for their benefit and protection, and It IS
never better administered and Its true
sp;rit is never better observed than
when the peoples taxation for lis
support is conspicuously limited to the
actual necessity of expenditure, aRd dis
rributed according to q Just and equitable
Dlsn. The proposition with which We
nave 10 deal Is the reduction Of the reye-
nue. received by the Government, n In
directly paid By the people from customs
duries, The question OF free trade Is not
involved, nor is there any occasion tor the
General discussion of the wisdom or
expediency of q protective system. Justice
orJ f.irness dictate that in any
modification OF our present laws relating
10 revenue, the industries and interests,
which have been encouraged by such laws
and in which our citizens have large IN
should not be injured or dam
sged. We should also deal with the sub
;sct in such q manner as to protect the
I,terssts of American labor, which 10 the
canital OF our werkingmen. Its stability
and proper remuneration furnish the most
unsuitable pretext for q protective Pohcy'
Within those limitations q certain reduc'
,;on should be made in our customs
r,vepus The amount Of such reduction
having been determined, the inquiry tot
loSs. Where can it best be RENTED and
chat articles can best be released IRON
dpty in the interest Of our ciazensT
EypUrE Il REVENUE on SECEssARIEs'
think the reduction should be made IN
the revenue derived from 9 tax upon the
;~unorted usoesssries of life. We thus d.
rsr,Iv lessen the cost Of living in every
Eniiy Of the land snd release to the peo
Mo in every humble home 8 larger meas
IRE of the rewards OF frugal industry.
NATIONAL BANKS
Daring the year ended NOvsub'r /
I Is.5 rs national banks were organized
vi,h an aggregate capital Of Sl6,O38 0OV
and circulating notes have been issued te
them amounting to 81 2Tt $50. The whole
number Of these banks in e~xistsnre on the
dsQ above mentioned Was , ~. Tns very
/ Enited amount of circulating notes issued
ne oar n~sl;onal banks compared with tn'
amount the lsw permits them to issue upoI
a deposit OF bonds for their redemption, IN
5icatss that the volume CT our clrcu stlns
medium may be largely increased through
this fundamentally.