New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-12-09

sanarl Bat Inat srheluo au admission Of lie sta-
Of our duty to mae every fn euer subt ir that
qut its acceptable equivalent Another drciHV" cIItI.
csm npun tie prOpOs l. that implies the necessity OF
further purchases aud coinage OF silver, which Necessity
does not exist and proposes rene'lI Tor TIC conn1
ance Of danger Wi does n"el to lie PrOlang-
Stopping tnc coiuage now is perfect remedy ior the
evil which the business classes ave measured lupo''
Md DEERE To s"e avertcd They do no' WISH s I" I'LL
Pence III q varies, frl ncrcdsn2 tine wei III 81 r'lNoI
In che dollar nos tue present lar' To- be iM'1 "o
Of con nuel equiv ,lrnc' with the nunrtlry UNI "he'
In fact stopping frtHcr c"iuage t"ey can Dc hei ~
our domestic exchanges to tina equivalence am III"
ahce ret tln-d liat thn ,cVrai 'ro'' "oi III -
alaU su-ta ing the full tender no o de' fetliou 81 V
by focal national law NAV come 10 pool thcif Issues
and so IL store silver II International currency Snrh
uu"n sans h1prleS$. W lie We rnulnir 10 'ulHe
the Ill icue' Of other hhlions ny tkin9 on inc is
nan VI, pr, F t, ,ynr, f. ~ nnt worth wic n ,ry
tho result, AN altered situation after many cars 81
fAilnrrl Il It worm white tn what can Dn h"hp
when the Ununi st,tus hi, rave put an end bv ,.op
pinl COINAGE Ia The charge tint ihol ar novel ny
3 dsh ereNts, aud trying a. market lrIr slV VIM
ITO Unt-d Sia.rs. by "pmri coinage. = have pay
tn-m>cl,eS an OIL Ib ~ with the "lhr f"lh anu
silver using nhon- who nave al St0pml siItrI ''. -
and when the UniicI St,es shall thus bc ai- t" n"goi
aie ninis and 'r.- r0inve To an MRS. VIII,
the "nor tn Join in FREQ coin "a to all IN ''o o. Nv
cond!e. Father tran WIN III" r'Se oIer W ,n ,f
10 all, place o the COINAGE 81 treasury Pu'c"eN VI
$24 900 600 til Of SILVER II ychri . -, ,, ,,o o,c
Ihr coinage ~ ncav"r dollar would ohStrucl ,ne
such experiment IN" 90 n'n '" ~ Nv 80
Tr,asnry pnrch Of sll cr tee Il NJ re- 'S"n Tor
making - heavier dOla whether the purchases are W
e.uiu, ar % ne StOpIod treasury purchases oI silver
ale am0laInus. nnrom.Ic tented EXCEPT III the caS' 90
snbsi ary coin. and hindrhncc 10 tho @ ~ W,
snuud cu.rcury II tho SIl, dollar Is ful cf nht
mot of free liz currency Is conhne" WITHIN lo
cDuntr where me laws run mnn mar r P.r6c r.rrpt
metal IAgal trnd"r laws Ito not cross Na. "h
boundaries rhr silver dollar OF 37l - grams nmnn
oar boundaries bo kept eGu, alent To our aWt" I
unit OF value. II are coined; and tue het"i
Will not huctiate more Ir"n the "A'.m @ ii, or
graims nuc gold han the metal Tn 300 am aIlNer
1ri ,bs silver Of our dollar is u he dealt
modify 1t cannot bc h. ut IN Equivalence WIN me con
iemre with some other INV than itself rho pr"
posai To make heavier dollar like the rrorrsai I" MAKE
oil II
VARIABLE cnnuorc ratio Of the metal with GOLD "n"y
s,lver Of "nT dollar il Ia dealt with part of the
monetary metal ~ thr world to wli"h the thI hs'i
fender power leading governments ia to be applied,
g. % @rains Of Ino silver MT eG'y dent with
% - lrans OF dno gold IA cdecuay AS 800 grains OF
hnc silver can
s,,pmxc NV coI~AGr VIII. Not AFFECT PRIC S.
Ana lpunar sense OF h" IN gntude o. the actual coin.
mo icy vi tue world, wnch l"n with u" p'ht'S
money existing in uusoncd cold and silver snu Win d"
their nnmuercss equivalents. Substitutes, aud repre-
sntatives to measure prices not to mention GROWING
eronvics the OF money. ny cheques bilN "f ~
cnso book credits clearing houses. postal orders tel
egraphic transfers, etc. winch operate III the Sdn I'eo
ti0n, enfOrees tho lessons OF rxerlenco US 10 lhe n
l, ence OF ans natlUus legislation TO Affect rlc'N
prices measured ~ stable mnnctry nnla on"nL
Ing the measure oman. e> olhiu2 eNcei't u'
OF property OF the losing nheS " noes hI' o'ano
prices met,mrei honestly. But the lessons "f exI"rl,
enc cannot &c completely learned ~ m"nent For the
genei al range OF ico~ OF tho hnnd cu cho' T W
g., ,turv i'll completing tue last lei urely cyv" CT ,"
and TALL TIL rance OF prices Is over 10 dly .am 81 GO
me disco, cry OF gold In California Fh re iStrbuloi
Of popula IONS ID III two hcInisrher"s since tnrn Is
vastly more 'S.rihable esl]a,Ee eon,rv NJ" t"n.
the res rd OF tins ctuatt,ns Of commodities ana cur
rrices In the IN rketN OF tue world Ihey arc nov
mrre, donestc nuct 'aiions Cd sSa and In Ia appear
I'm he pr1ce 1T Chicago Our ieSl>ld'' C"ciS
come OF Twelve or nfefn nndrcd million pore's
an YeI occasionally told thst the reSent
general tall OF frees has hrrn o'nrtu anu n ~
co interrupted hy the variation of lew hnndi els "l
per ent IN the ~ !" OF or "T I me- "orS the
f,- Of more from mInos in NeVIs to vaults III
Tan's INVENT ms and Industries are hammcring down
the prices Of AL the products Of mans tnn. ~ ,ho
irrt ~ , 1yrk was to lite one icranr ago
sha not the price OF shoes duwni Everywhere thc
effort is 10 o6t,n she TER. clothing food ami th' IN
ments OF these nece stiles o. ne al Si 1N t %
Ii rs Is cord of permanent reduction, d" the cost o,
Sos.inle the en- ,rg rnt Of the comforts OF all higher
ami c Ter andard If life Tor the poor How sinai the
"m han b"nsnt TO III fa whit Gell 70 tlc l'Ig
classes fall Of prices when conrrseh IN 100 rLr,
prrlo but br n some measure oi str"1s "n9"
continued FOR TO- long ncr1os rinnTt Dut S,, sr
nor rrons,i enough throw large nnrb'r- ont OF ch
pn, ulent the great mass OF wofklng men an. "u c
AWAY, ri once exchanged with son" dediot0n t"F "ay
In, aud II prices Ho lower tho same w"aeI nH 'ro
Even r,lucsl prices nCCc5-ltdti rcIlc~l WAGES
land thu whole even In Europe tho return u '"p1r
sant,e" nf wac'.. b.ng slow TO move he gets the
dlsaivant ~ thsir being the at 10 move "hen ON
lerra ton of the unit II value or ITS legal equivalent
nriees n esnred hy unit going the same wa -es
Suv less 10 keep INIT Of value stable Is the true
limit OF legislative control over prices
90 RER DOLLAR DUCEs rms WAGES OF LABOR
large proportion OF wOrkIngmcn OF mature years
have had Instructive expercnre that lowering he
value OF any so-cllod dollar egaltend"r OF payment
for ti-r wa.es. lowering that IS cOmpehS"tel I"
every boy else before compensation reaches them IL
ia lowering that t. the prices Of all commodities ne
fore II lift, the rate cheaper dollr FOR
wurkiu OF the I'm ted states means poorer IoaI
Tue daily Wages O oar Nor6ingmen dnd w"rans w'nleI
ore far the largest by lar most important aESIe
gate OF wealth t. he Affected by the degrds'1n o. '
duir, or oi any lea tenirr iliNdieh' o Wv I'"
All otter aggregates oI wealth inc acruhnialnhS %
SasaS rd yrr daily IN lie wSges of workmen ani ~
EN- loynent of the cspt aims u their Industry an otne
aggregates OF wealth which remain unrhpOytu III ut
payment OF wase, Of tue day, tao month le year are
hot to be compared In their sum to TINS giE"h'i,
ispOIi NJ Tho lin lar q" the fatAers nth less than ne
worth IN god The OF the Unite. SITE, large az II
Is "a wat beside that un'ain II by der uuihs our
savings banks hold those promises doar Oh lie;
maDd in due season; II by Ietns the silver dol ia
below tIe gold dollar, We could ta,o third on the
burden OF tbs public debt, much lees than ten dollars
head wou th1s be saved to me people Gi the U"G
working aDd womeH for te los o 3a b nG on c
their wages raised enough To buy as much us beIorei
TAXATION kEFo.M.
In another communication which accompanies ths
nv first annual report have cndeav0Ted 10 present
full and complete exposition of the existing condition
the customs service OF the rules and regulations that
have established to secure just, faithful and impartial
aplralsemeut OF imported merchandise, together Will
m, rcasuns for making such rules and regulations, and
oil the legislative measures watch are NOW needed Tor I'm
portion OF the revenues The revision AMI
changes OF rates of duty made ~ 1883 have already dlS
eu--l IN practical execution, defects which are com
uDended to the early attention of COnsr' s.
Bc,ies tho reOrms which are desirable for the enect
We administration III any system OF taxation ltNlc'
through imported merchandise aud are indispensable fo
of customs laws, which, Ike our own
are chaos rather than system. venture TO hoIe tha
in due seaso Will be the pleasure OF COngress 10 con
Nler sJDe other reforms upon which, as u
requisite all parties may agree. AMI That at,
oi dlercut score Like our currency laws, hnr Yarn
law are legacy of II Its exIgencle> excuse the
srign, their defects are unnecessary a!cr WENT @
o. pr,ce They been retalned without sI.thls am
discrimination, al hOugh enacted without
hate. criticism examination. horizontal reduction
of 10 per cent made Ia 1872, Ihi was repedIeu
1873 ami REJECTED In 1884 They requr- at our custom
houses the Elm force suihcicnt 10 examine
sp,ras, levy duties upon more than a. loZ olueIch
NAM rate of begun have bc'h ia