The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1886-12-14

ana a cheerIui concession oOmetlLnes dfcTls
abrupt and needless action. often the out
grosth of impatient and delayed JUS
tice. Due regard should be also accorded
in any proposed reimbursement TO the inter
ests of American laborers SO far as they are
involved. We congratulate ourselves that
there is among us no lsboring class fixed
with unyielding bounds and doomed under
all conditions TO The inexorvble fate OF
daily toll. We recognize in lsbora chief
factor in the wealth OF the
republic, and We treat those who have
in their keeping rs citize IS entities to the
most careful regard and thoughtful atten-
ton. This regard and attention should be
awarded them, not oRly because labor is
the capital of our workingmen justly enti-
ties TO Its share of government favor but
for the further and not less important rea-
son that the laboring man, surrounded by
his family in his humble home as con-
sumer is virtually interested in all
THAT CHEAPESs THE COST OF LIVING
and enables him to bring within his domes-
tic circle additional comforts and
advantages This relation If the working
men to the revnue laws of the country
and the manner in which it palpably intiu-
enees the question Of wages should not be
forgotten in the justi6able prominence
given 20 the proper maintenance OF the
supply and protection Of we'll paid labor,
and these considerations suggest such an
arrangement of government revenues as
shall reduce the expense of living, while 1t
does not curtail the opportunity Tor work
noe reduce the compensation OF American
labor, and injuriOusly affect Its condition
and the dignified place il holds in the esti-
nation of our people. But our farmers
and asriculIurists, those who from the
soil produce the things consumed by all
are perhaps more directly and plainly con-
cerned than any other of our citizens IN
Just AMI careful system OF federal taxa
ton. Those actually engaged in and more
remotely connected with this kind OF work
number nearly
ONE HALF or oUk POPULATION.
None LABOR harder or more continuously
than they. No enactments limit their
hours of toll and no interposition OF the
government enhances TO any great extent
the value of their products, and yet for
MANY OF the necessaries and comforts of
life which the most scrupulous economy
euabl S 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 government is
given TO the more favored manufacturers.
recommend that keeping in view all these
considerations, the increasing and unnec-
cesssry surplus of national income annual
ly accommodating be released 10 the people
| by an amendment to our revenue laws
which shall cheaper
TIE PRICES OF THE NEcESs ARIES or LEE
and give free entrance TO such imported
materials as by American labor may be
manufactured into marketable commodO-
dities. Nothing can be accomplished, how
ever in the direction of this much needed re-
form unless the subject Is approached in a
patriotic spirit of devotion to the interests
of the entire country and with a willing
ness TO Weld something TO the public good.
The SUN paid upon the public debt dur
ing the fiscal wear ended June so, 1856,
was S44, sol ,043.36; during the twelve
months ended October 81 1886, three
per cent bonds were, called for
redemption, amounting to Sl21,-
2SS,l 100 of which $S0,643, 200 was
so called 10 answer the requirements
of the law relating to the sinking fund and
1866, 399, 900 for the purp sc of reducing
the public debt by application of part Of
the surplus in the treasury TO that object.
OF the bonds thus called Sl02, 1865, $50 be-
came subject under such calls 10 redemp-
ton prior to November, 1856. The remain
der amounting to S250l3, $50 matured I'M
der the calls after that
date. In addition to the amount
subject to payment and cancellation prior
TO November lst, there were paid before |
L. ,f hnnAc no
interest thereon, amounting TO S5,072,350 |
which were anticipated as to the maturity |
of which S2,66i, $50 had not been called. |
Thus SIO7, 34l 800 had been actually APP
piled prior to November LIST 1886, |
% the extinguishment of our |
bonded and interest bearing debt leaving |
on that day, still outstanding, the sum of
81 ,153,443,ll2, of this amount $50, S4S, 200 |
were still represented by three per cent
bonds they, however, have been since
November l, or will at once be further
reduce by 81, 500, 80 being bonds which
have been called as already stated, but
not redeemed and cancelled, before the
latter date. During the fiscal year ended
June 80, 1886, there were coined under
the compulsory silver coinage act of 1878,
%, S3S, 905 silver dollars and the cost OF
The silver used IN sucn coinage was SZo,-
Az. 960O1. There had been coined up to
the close of the previous fiscal year under
of the laws, S203, So, 554 in
silver dollars, and on December !, 1886,
the total amount eff such coinage was S247,-
13l $40. The director of the mint reports
that at the time of the passage of
the law OF 1873, directing this
coinage, the intrinsic value ofthe dollars
thus coined was ninety-four and one-fourth
cents each, and that on the 3lst day of
July, 1886, the price of silver reached the
lowest stage ever known, so that the in
trinsic or bullion price of our standard sill
yer dollar at that date was
LESS THAN SEvESTY-Tw0 CENTS.
The price of silver on the Both day of =
November last, was such as to make the
dollars intrinsically worth seyenty-eight [