The clarion. [volume] (Jackson, Miss.) 1883-1888, 1885-12-16

Flax. hemp. jute ana their
manufactures ........... =. sE4,Sl4 569
Cotton and its manfacturcs .. .1j2,00l 4oS
Hides and skins otaer than
fur skins ............... 20 5s6,+i3 1856
THE REDUCTION OF THE TARIFF.
OF the entire amount of duties col
lected 10 per cen was cOiec Ell from
the follow ne articles of import:
Sugar and m0lAsses. %; wool and its
manufactures. ID: silk and its manu-
factures. s; non ana steel and its
manufactures. !; cotton IN nufac-
lures, 6; flax. hemp and jute and their
manufa tures. 81.
The fact tina our revenues are IN eX-
cess of the actual needs of an econom-
ical administrd ion of the Government
lust fieS a retiu tion in the amount eX-
acted from the people for its support.
Our Government IS but he means eS-
tablished by the will of a free people
by which certain principles are APP
piied which thew have adopted for
their benefit and pro; ection. And it
is never bet er administered and its
true spirit is never helter observed
than when he peO les aXation for
its support IS scrupulOuslv limited 10
the actual necessities of expenditures
and dis ribu, ed according 10 a just and
equitable plan.
The proposition with which we have
to deal is The reduc ion of the revenue
received by the Government and indi-
rectly paid ly the people from custom
duties.
The CUES ion of free trade is not in
volved. nor is there now any occasion
tor the general d ScuSSion o. the wis
| dom or eXpediency of a protective SyS-
tenn Justice ami fairness indica e
that in any modification of our pres
! ent laws relating 10 revenue, the ln-
| dus res and I'M erests which have been
| encouraged by such laws, and in which
| our citizens have large investmen s,
/ should not be ruthlessly injured or de-
/ stroyed.
We should also deal with the subject
| in such m nner as to protect the in
terests of American labor, which is
the capital of our workinomen. Its
stability and proper remuneration fur
| nish the most Just fiabie preteX for a
pro ective policy. Within these limi-
| taliOns a certain reduction should be
made in our customs revenue. The
amount of such reduction having been
determined, the inquiry follows:
Where can it best be remitted. and
what articles can best be released
from du in the interest of our citi-
| Zens?
| think The reduction should be made
in The revenue derived rom lax up
on the imported neceSsaries of life.
We thus directly lessen The cost OF
living III every family of the land, and
release TO the public in every humbi
home larger measure of the rewards
of frugal indus ry.
THE SILVER QUESTION.
During the year ended Nov. l, 1885
l45 national banks were organized. with
an aggregate capital of SIC 94S 600. and
circulating notes have been issued tC
them amounting to S4 274 9l0. The
whole number of these banks IN exist
ehee on the day named was 2.727. The
very limited amount of circulating
notes issued by our national bank!
compared with the amount the law per
mits them to issue upon deposit o.
bonds for their redemption, indicate:
| that the volume of our circulating
medium may be largely increased
through this inStrumentality- Notn
ing more important than the presen
condition of our currency and coiDag'
can claim your attention. Since Feb
ruary. 1878. the government has. unde
the compulsory provisions of law. pur
chased silver bullion and coined tn
same at the rate of more than $1,000,
. QUO every month. By this process, VI
to the present date 215, 759 43l I've
dollars have been coined. Every montl
s.. o. 0 OF gold in the public treasur
is paid out for two mill on or more 0
silver dollars To be added to the idl
mass already accumulated. II con
tInued long enough this operation WI
: result in the substitution of silver 10
ali the gold the government owns az
plicable to its general purposes !
viii not do to rely upon the receipts
the government TO make good TIN
drain of gold, because the silver thu
, coined having been made legal tende
J for all debts and dues. public and pr
vate. at times during the last 81
: months 5S per cent of the receips Io
: duties have been in siyer or silver cel
!. tsficates VIII lie ffse average within thf
: period has been p per cent
il The proportion OF silver and its ce
! tificates rece we'd by the governmeI
+ VIII probably increase as time goes o.
. for the reason that the nearer Il
4 period approaches when IL VIII !
: obi :ge,l io offer silver in payment
a its obligations the greater Anducemel
+ there vii be to hoard gold against q
3 probation in the value of silver, or +
i the purpose of specializing Ih
Z boarding of gold has already begu
a When the time comes that gold D.
ar been withdrawn from circulation. TIT
will be apparent the d ference Detwes
the real value Of the silver dollars al
q the CELLAR in gold. and the two COZ
:, VIII part company. Gold. stlll U
= !. standard of value and necessary in O.
= dealings with other countries, viii
at premium oyer silver. Ban
q which have substituted gold tor the
as = posts of their customers may pay the
4. " with silver bought with such gold "a
= = making handsome Drofit: rich snec