The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1886-12-07

large and important industries under the
present condition should not suddenly,
and 10 their injury, deprived Of sdvantG-
ges TO which they have adopted their bus
ineas, but II thalpuhllo good requires Il
they should be content with such Consid-
Grafton as shall deal fairly and cautiously
with their interest while the lust demand
Of the people for relief from needless tax.
alton Is honestly answered. A reasonable
and timely submission to such q demand
should Certalnly be posaihle without dis
astroua shock to any interest aud o cheer
tul concession sometimes syRils abrupt
and Needless action OF the outgrowth OF
impatiepce and delayed justice,
THR LABOR PROBLEM,
Due regard should DO also accorded In
any proposed Tesdlustment to interests Of
American labor go lar as they are involved.
We congratulate oursalvGa that there Is
among us no laboriuR, Clsss fixed within
unyieldlng bounds md doomed under all
conditions to the memorable iRta OF daily
toll, We recognize in labor the chief
factor in the wealth OF the republic aud
We treat those who haYa 1t In their keep
ing as citizens entitled to most careful re-
gard and thoughtful attention. This re-
gard and attention should bs awarded
them, not only because labor Is the capital
Of our workingmen Justly entitled TO it's
share OF government favor, but for the
further aud not less important reason that
the labOring man, auTrou0ded by his
family IN his humble homs, ~ con-
sumner 10 vitality interested in all that
Chsapsus the Cost OF living and enables
him to bring within Kis domestic
circle additional comforts and adj
Vautages, This relation Of the
workingnBn TO tho revenue laws
OF the country and the manner In which
II probably influences the question Of
wages shall not be forgotten In the iustih-
able prominence given to the proper
maintenance Of the supply gld protection
Of we'll paid labor, and these ConHidera-
tons suggest suCh an arrangement OF gov
eminent revenues As shall reduce the ex'
psnse OF living while 1t does not cur
tail tho opportunity for work, nor reduce
thu compensation OF American labor and
iniuiously affect its condition and the
dignided place il holds in the estimation
o; our people. But our iarmers and Rgri-
culturistu, those who from soil produce
the things consumed by all are perhaps
moro directly and plainly concerned
than any other Of our Cltizins in q
Just anil careful system Of federal taxa.
ton. Those actually engaged in and
more remotely ConnGCted this kind
OF work, number nearly one half OF our
population. Mono labor h0Elsr or more
k{-uo,,I,, tI,o,, tbap SNo n,,cnEp,nnKa
limit their houIs OF toll and no Interrupt
tlon Of the government enhances to any
great extent the value Of their products,
aud yet for many Of the neCeesRries and
comforts Of life, which che most aUrupu-
lous economy enables them to bring into
their homes and for their implements Of
husbandry they are Obliged to pay .
price largely increased by an unnatural
profit, which, by the action Of the govern
ment, IL given to the more favored manu-
iRCturen. recommend that keeping, In
view OF all these considerations the IN.
CreGsing aud unnecessary Burplug OF ma
tlonal income annually aCCumulatlDg
ought to bs released 10 the people by an
amendment Of our revenue laws WHICH
shall cheaper the price Of the necesSArles
of lie and give lreor entrance to such i'm
ported matsyIsls as by American labor
eau be manufactured into marketable
commodities. Nothing eau ba &C.
cOmplished, however, In the dirsG.
ton OF this much needed reform
upless tho subje0 is approached 10 a pat
riotic spirit Of devotion 10 the interests
oil the entire GOuRtTy aud with willing
ness to yield something f9E tao public
good.
CHE PUBLIC DSHT.
Tho cum paid on the public debt during
the fiscal year Juno 30, 1888, was sii55l,.
0l5, $3.50. During the twelve months ended
Oct. 81, 1885, three percent bonds were
called for redemption amounting to $l27,.
2s3 100, OF which SSO,6l3, 200 was 30 called
to answer to the requirements Of the act
relating 10 the sinking fund, Stg,GSO,0 300
for the purpose Of reducing the public
debt by duplication OF part OF tue sur.
plus in tho treasury to that ohj4ct OF
the bonds thus called $l02, 80 $50 became
subject under such calls to redemption
prior In November !, 1885 Tie re.
mainder amounting to $2b,Ol3.6d0 ma.
tured under the calls alter that date.
In addition to tho amount subj oct to pay,
ment and cancellation prior TO November
i, thars were Rlso paid bsiora that day Ger.
tain OF these bonds with intereut thereon,
amounting to 1907, $50, which were an.
tiCipatsd 90 to their maturity, Of which
81, G84 $50 had not boon OAllod, Fhug
Sl07, 34l,S00 had been actually applied
prior to the first OF November, 1856, TO the
extlnyulabnent Of our bonded aud ints.-
est bearing debt leaying on that day still
outstanding tho sum oi$l ,l6S, 4i9,ll2. OF
thiv Smount $50. SiS, 700 were still repre-,
seuLed by three percent bonds; They
however, hRyo been since November !, or
will at once DO, further reduced By &2,.
GO0,l5O,' being bonds which have been
called, a. already stated, butpQt redeemed
and cancelled before the latter date.
SILVER COINAGE.
During the fiscal year ended June 80,
1886, there were coined under the COM
pulsory silver coinage act Of 1873 $685.
Dos silver dollars, and the silver used III
such coinage WIS $23,4iS, 0GOOl There
had been coined up 70 the close Of tho
previous fiscal year under tho PROVISIONS
Of the law 20S, SS2 ,554 silver dollars, aud
on the LIST day Of December, 1888 the
total amount OF such coinage was SAL.
1850. The director Of tho mint 70.
ports that at the time Of the passage Of
the law Of 1873 directing this coinage, tho
intrinsic value OF the dollGrs thus coined
was 94t Conts each, and that on the SlsE
day OF July 1886, the price oil silver reach
cd the lowest stage ever known, 80 that
the intrinsic OF bullion price Of our stand
ard silver dollar at that datO Wal less than
ssysnty.two cents. Tho price Of silver
on the SOlh day Of November last was
such aS to make these dollars intrinsicRlly
worth seventy.eight cents esGl.
These differences in value Of the coins
represent the fluctuations In tho price Of
silver, and they certainly do not indicate
that compulsory colnGSe BIZ tho govern
ment enhRpCes the priceB Of that Gol-
modify or secures Uniformity In It's value.
Every fair and legal effort haB been madO
by the Treasury Department to distribute
tnis currency amoug tue people. The
withdrawal 81 the United States treasury
notes Of small denominations and the
Issuing Of small silver certificates have