The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1886-12-09

lion while the stCck Is complete.
in which it paIpabTy influences tas question
of wages, should no. b, forgotten in tie jas-
tifsble prominence given TO the proper main.
tenarce OF the supply and protection Of well
paid labor. And these considerations sug.
gest such IN arrangement of government
revenues as shall reduce the expense Of
living, while it does not curtail the op-
portuuity for work, nor reduce ths com.
pensa.ion of American labor and injuriously
effect its condition and the diGnihsi state it
| holds in the estimation of our people.
| But our farmers and agricuituralists, thoss
vino from the soil produce the things con-
f, sunled by all, arc perhaps more directly and
plainly concerned than any other o. our citi-
zens, il jus. and careful system cf Federal
taxation
Those actually engaged il AMI moro re-
! riosely connected with this kind of work
number T:eariy one-half our population.
! None labor harder or more continually than
they. No enactulants limit their hours OF
! tail ari no iuto-position Of the government
] TO any great extent, the value of their pro
ducts. A.d yet Tor the many necessaries OF
. life, which tce most scrupulous economy en-
a6,as them TO bring into their homes, and for
, their iniplaueirents OF husbandry they are
obliged to pay price largely increased by
an unnatural. profit, which, by tho action OF
the governments, IS given to the more favored
manufacturer.
l recommend that, kssping in view all
these considerations, the increasing AMI uIi-
necessary surplus OF national income an
nCaliy accommodating, be released to the peo-
pie, by 81 amendment TO our revenue laws
which shall cheaper the prices Of the neces.
saries OF lifo-give freer entrance TO such
imported materials as by American labor
Incy bs manufactured into marketable con.
noiities.
The sum paid upon the public debt during
The fiscal year ended Juno 50, 1884, was Sii, ).
55l. .CG4i33.SSG Gi3 During tie twelve months ended
October 81, 1856, three per cent. bonds Were
called for redemption amounting TO si2I,-
M, 100, OF which SS0, Gas, 200 was so called L.
answer the requirements Of the law relating
30 the sinking fund, anj $40, G39, 900 for tie
purpose of reducing the public debt by ap.
plicatiol OF part Of tao surplus in the treas.
ury to TO that object OF the bonds thus
called Sl02, 81, 40 became subject under
such calls to redemption prior 10 November
], 1856. The remainder, amounting to So
Cl3, ,GJ] niatared under the calls after that
date.
The addition to tho amount subject TO pay.
msnb ard cancellation to November l, there
were PAID before that day certain of thsss
bonds, with interest thereon, amounting tC
S5 ,O722, $50, which were anticipated as to the
maturity, OF which g, c6i, $50 had not beer
called Thus slO7. .:al 800 had been actually
applied prior to the Ist of November, 1855
to the extnguisliment of our bonded und il
forest bearing dett leaving on that day still
outstanding the sum of 81, l53, AS, ,lla. OF
this amount SG5, ,SiS, 100 wero still repre-
sented by three-per-cent. bonds. They have
however, Teen since November ], or will al
ouce be, further reduced by S22,j06, $50, be
ing bonds which have been called as already
stated, but not redeemed and cancelled he
fore the latter date.
Nothing can be accomplished, however, il
the direction OF this much-nes1sd reform,
unless the subject is approached in patriotic
spirit of devotion to the interests of the ell
tire country, and with willingness to yield
something for tie public good.
While on the subject of tariff and revenue
the president especially directs the attention
of congress TO the recommendations Of til.
secretary Of the treasury, touching the SIM
HiiilccOiOl anu tiutiiilileltS Oh UD3 l0NS ~
lating to the collection of revenues.
Less space is devoted to tho s;I-er Guort:s..
this year than last, but his opposition to com
pulscry cninase is no. less pronounced The
difference in ths bullion price Of tire stand.
ard dollar. ninety-four and one-quarter
cents, when first coined and its bullion value,
seyerty-eighs cents, on the 3oth of last No
yember, certainly docs not indicate, the presi.
dent says, that compulsory coinage by the
government enhances the price OF the com
modify, or secures uniformity in its value. He
has sesn no reason to change the views cx.
pressed year ago on tho subject Of compul-
sorry coinage and again urges its suspension
on all the grounds contained il his former
Recommendation, reinforced by tho signii.
cant increase of our gold expectations during
the last year aad fo- the further reasons, thai
the more this currency is distributed among
the people the greater becomes our duty t.
protect it from disaster; tGat we now have
an abundance fer all our nee.is and that thera
seems but little propriety in building vaults
to store such currency, when the only pre-
tense for its coinage is the necessity OF its use
by the people rs a circulating uediu,n.
The attention of congress is caiis1 TO tia
great number Of suits IN NeT York growing
on. of conflicting views by importers az, col.
fecto-s as to the Interpretation OF Our com-
pl.x AID indefinite revenue laws, ard az
amendment Of tie law is recon. mon led; but
pending sTch an,erimecs tia present condi-
ton of this litigation shOuii bs relieved, By
law permitting tia ap2o:ntrn ant OF Of Al ad-
di:ioual Federal judge IL Ne. York wtcrs
theso cases have accumulated.
Tie report os the secretary OF war gives
detailsl account Of tia administration OF his
department, AMI contains sundry recommer-
datiors for the improvement Of tbs service
which fully approve. Tho army consisted
ct the date OF the last consolidated return OF
2,I03 officers and &c, e45 enlisted men.
The expenses of ths department for tha
last fiscal year were 50, $50, $685., including
j,20i, sos. IS for public works ani river and
Earbor improvements. Especially direct the
attention OF congress 20 tie Recommendation
that officers be required 10 submit TO al rx-
animation as preliminary 20 their promotion,
see no objection. t.Is many advantages IL
adopting this feature. which has operated &C
boneGcial!y il cur navy dcPaI tinent Is well
C. in s0mo branches Of the arn:j.
Or coas. defelsas and fortiicntiGEs, the
president SAYS TIE dciensHless condition o.
pnr sea coast and iSss fToutiers are palEabla,
AMI The work laid CIT BY t;.c bol-i OF forth
ications is DELAYED in default o. congress
si0nGl action Ths absolute necessity OF our
preparation ror eiTectual resistance GyI;iIss
arInored ships ami moisrn stes! guns which
may threate, o.: ssa coast cities Is 50 appa-
reat that ho ho?ss elective Steps will DO
taken in that direction st once.
The condition OF our navy, e5 shown by
the secretary Of that Department., s.ioul:
challenge tho early attention o; coagrcs1.
The production in tho United Stats OF arnior
end gua-stesl is 2 question which it seems
necessary TO settle at an early day, if the
Rrno-ei war vessels aro 70 be coinpietsl with
those materials Of Ecrns manufacture.
In the event that tire present invitation OF
the department. fer bids to furnish sGch Of
this-material as is now authorized shall fail
to induce domestic manufacturers TO under
take the large expenditures required to pre-
paTe for this new manufacture, and no ether
steps ara taken by congress at its coming
TC5SI:NUED oS THIRD rACE.l