Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-12-08
Inv. yexatious, Needless Taxes
Ia EnIargiug the Cost Of COL
.ctiug Revenue From Imports"
] present Prolonged War-Tariff
res- Are Kept Alive After Twen.
~ Years Of Peace.
s.crs,nry Of the Treasury Discusses
r,aboratsly th~ silver Question
IN all Its Bearings.
TREASURY DEPARTMENT,
WASHINGTON, Dec. :. lssl

ross Appendix q Estimates of the
! revenue and public expenditures
Il ascsl year currents" with an ex
|rAppendlx By of the receipts aud ex-
|tnres for the last fiscal year; aud a
'men, Of the public indebtedness and
4 q assets and liabilities Of the treas
Il November /, 1886, and November
IA and of the payments and changes
Il funded debt during the same
Il months, besides other tabulated
.oents. records and comparisons
rndlx D., aud the annual reports to
Fam the heads of bureaus and other
II in this department.
fompliauce with section 248, Re.
Statutes, have also endeavored to
HI and prepare plans for the i'm
Iment and management of the rev.
and for the support of the public
4 . thereto allotting the time which
New from tedious Illness obliged
= withhold from official routine.
THE SILVER QUESTION.
H. the date Of my last annual re-
the attitude Of an important govern
howard the silver question has been
|ted. The matter is Of consequence,
euuires detail.
4, D .cember the results of our spe-
mission to the governments of
VI. Germany and Great Britain had
been obtained, and were as follows:
4 French government remained OF
me mind as when it had united with
.byernment of the United States in
IN the International monetary con-
ia Of 1881. The German govern
r deemed the cooperation of Great
I'm In any change a sine qua non.
. byernment of great Britain, admin
IA BY the same party and principal
Is then as now, saw no reason to
8 from the posit ON held by that gov
In at the International monetary
ssnces OF 1878 and 1881.
position which the delegates of the
government were instructed TO
ID each of those conferences had
adverse to the object sought by the
States. That object was the
|akg Of the mints Of the governments
Ht Uuited States of America aud of
4sding European states to the free
y Of both gold and silver into un-
!, / legal-tendermone at ratio fixed
irrational agreement.
.os, at the International monetary
hence Of 1878, the British delegates
"a Mons Leon Say, the first French
aaie, and majority of iheconierees,
keclare that silver, like gold, of
~ must be kept a monetary metal,
<ech state or group of states must
'l1f Itself in the choice and the mint
An International ratio being pro-
|HEed debatable since the bimetalic
M did not undertake an unlimited
&c OF silver, the British delegates
declared their hope that every
HOuld not prefer geld, while insist
III n Great Britain keeping to her own
fnces, and that fixed ratio was
Z impracticable." These declara-
,tpl course, frustrated the object of
lied States in calling the interna-
monetary conference Of 1878.
1ng the next three years, the pow
j Picnic of Mons. Henri Cernuschi
onized the opinion of leading men
H7Ppe, snd terminated the depend
France upon Great Britain. The
nenl OF France joined the govern
The United States in calling the
Nrnational Monetary conference,
faris in 1881. The object of the
otates, now supported by the
ole concurrence of "the greatest
'Ae great metallic powers" was
n Same-the opening of the mints
group of such powers to the free
Vi gold aud silver, at ratio fixed
national agreement, into unlim-
sl'tender money. The delegates
ea' Britain declared that their
III system since 1916 had rested
asa single standard; that this
taal satisfied all the needs OF the
@ without giving rise to the diff
lanllest elsewhere under other
' and for these reasons 1t had
epItd by the governments of all
va by the nation. The govern
treat BritaiI, therefore, could
W part IN a conference as support
principles proposed, and her dele
not permitted 10 vote. This
ION, of course, frustrated
y III assembling the Intern itional
conference Of 1881, for the
'e ~ OF Germany, following the
.% ureat Britain, was resolved to
monetary system like hers.
aiormed by the secretary OF state
spoYe declaration OF 1851, in re-
'ae support given by the govern
- parties to the present none
Hen OF Great Britain, was in the
u 1888 reiterated TO our special
J ,oltr, Mr.. Manton Marble, not
10y oy the highest officials than
Sst eminent characters OF the OPP
IVY VINO had just resigned the
Snuve In January of the present
e.ef' before the return of those
! 70 oiiice, correspondence was
ssNeen two departments of the
NeeutiYe 10y the India Office
Weasury), which marked the
new departure.
III AND SILVER COMMISSION IN
GRRAT BRITAIN.
!. letter from the then secretary
~ india ended as follows:
7 nahuolph Churchill ~
ss sue same time most earnestly
. spon my lords the importance Of
my endeavor that is possible to
,,S1 oy International agreement,
neht OF the question how the
~ ~ SILVER may be revived, and
ssYe stability Of the relative
!, ' ~ ana silver, which is so es-
sne regular course Of trade,
itcr ~ " vital Importance to India,
NY was supported by a tele-
rae government of Indfs,
n,t si 'ae opinion that the inter
r, 'su lldia imperatIyely demand I
4 Nv iueu effort should be made |
sire ~ silver question by interna-
slehs. Until this Is done, We 4
es, 'a.o aposition Of tae most |
embarrassment, IN re- 4
" ".|-N tOuears.. -