The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1886-12-11

lOT HtIu BuluibH thc
which enables II to bear It's burden. and the
laboring man is thoughtfuly inquiring
whether In these circumstances, ana consid-
ering the tribute he constantly pays into
the public treasury, ns he suppl es his daily
wants, he receives his fair share or advant-
ages. There is also suspicion abroad TN ~ the
and exceptional business profits which under
tho system which produces such surplus IN
crease without corresponding benefit to the
people ut largo. the vast nccumuntiOns OF
few among our cit2enr, whose fortunes, RI
valing the wealth OF the most favored nsnti.
genw.h q. naGns are d NO, inc nan R
public Our farmers, too, aud those en- fhged
directly and indirectly In supplying the pro.
ns often as tho daily wants OF their households
recur, thoy are forced to- pay excessive and
needless taxation, while their products
struggle In foreign markets with tho cOmpc-
titon OF nations, which, by allowing q freer
exchange OF productions than we permit, en-
ablo their people to sell FOR prices which dis
tress the American farmer.
Our farmers and agrculturIsts, those who
from tho soil produce the things consumed
by all. are. perhaps, more directly and plainly
just and careful system of Federal taxation.
Those actually engaged In, and more re-
motcly connected with this kind of work
lotlon. None labor harder or more
continuously than they; no cnactmcnts
limit their hours Of toll, and no ipterposiiion,
ext mt. the value of their products, and yet
for many of the necessarics and comforts of
life. hich the most scrupulous economy en-.
ahl"s them to bring into their homes. ard for
their imp ements of hushandry they are
Obliged TO pay u price largely increased by nn
unnatural profit which. by the action of the
Government, Is given to the moro favored
manufacturer.
RECOMMEND THAT,
keeping In view all these considerations the
increasing and unnecessarily surplus or ma
tlonal income annually accumul ting he re-
leased to the people ny an amendment to our
revenue laws winch shall chenpen tho price
of the necessarcs Of life. and give frccr On.
trance to such imported materials NJ by Amer.
lean labor may be iDn nufactured into market
able commodities. Nothing can be accom-.
plIshcd, however, in the direct on of this
much needed reform unless the subject is
approached In n patriotic spirit of devotion
to the interests of the entire country, and
with Willingness toyield something for the
PUBLIC good.
TIE PUBLIC DEBT.
The sum paid upon the public debt during
0l3.36. During the twelve months ended oc-
tober 81, 1895, three per cent. bonds were
called for redemption amounting to $l2I,Ses'.-
answer The requirements OF the law relating
to the sinking fund, and s46639,ao for Tho
pnrpose OF reducing the public debt by np
Treasury to that object. or the bonds
thus called .Sl02,2Ca45a became subject
under such calls redemption prior to No
vembcr /; 1885: The reinsin,ler. amounting to
s@.oi3.65V, matured under the calls after that
date.
In addition to tn. amount subject to pay
mcnt aud cancellation prior to November l,
there were nlso paid before that day certain
amounting to .5,O1s,a5o which were antiei:
%pSlsh pHStlsdh had dAe not maSary Seen called
Thus slT,Ml,sD had been actually appl ed
prior I, to the ist Of Novembsr iss5 TO tho ex- s
bearing deb leaving on that day ystil tstard-
ing the sum of 81, l,l53,443.lla. OF til 8 amount
ssB,sis,7oo were st II represented by three per
cent bonds. They, however, have been since
d.nced BY ssseo9. 100, being bonds which have
been called as already stated, but not ro-
deemed and cuncelcd before the latter date.
During the fiscal year ended June 81, 1888.
there were carried under the compu sorry sll-
NSG d coinage s age act or M ,SIS ESa silver dollars
aye was SEAS, ,9GOOl There had been coined
up to the close of the previous fiscal yenr
yer dollars, and on the first day of December,
was s247I3I,5i0. The Director of the Mint
age Of % tho law '"e Of @ is7s d directing S this
coinage. the intrinsic value OF the dollars
thus coined was 044 cents each. and that on
the slst day of July, 1885, the price of silver
the intrins @ or bullo prlco of our standard
silver dollar at thut date was less than 12
Ctuts. lHe DT'Ct vi SILVER vi tHc oUtQ uuy OF
November last was such as to make the dol
lars intr,nsically worth IS cents each. These
diHerences In value OF the coin. represent
the fluctuations In the price OF silver. and
they certainly do not indicate that
COMPULSORY COINAGE
by the Government enhances tho price OF
that commodity or secures uniformity in It's
valuc.
b. the Treasury Department to distribute
this Gu rency among the people. The with
drawal of United States Treasury notes OF
small dcnOminati ns and the issuing of small
silver certificates have been resorted to in
the endenvOr to accomplish this result in
obedience to the will and sentiments of the
On the 27th day of Novem Der. 1885, the pcop.s
held OF these coins, or certificates represent
ing them, the nominal sum OF SlG6, ,STJO4l, and
against about sii2,s94 ,0:I5 in tho hands OF the
people and $12s ,378 remaining In the treas
ury one year ago
necessity OF more vault room for the pur-
pose of storing those silver dollars which are
not needed for circulation b. the people. 1
have seen no reason TO change the views ex.
pressed IN my last annual message on the
subject of this compulsory courage, and I
again urge its suspension on all the grounds
ccntain..d in my former recommendation, re-
infOrced by the significant increase OF our
gold expectations dur ng the last year. as up
pears by the. comparative statement here
with presented, md for the further reasons
that the moro this currency is distributed
among tho people tho gre ter becomes our
duty to- protect 1t from disascr; that we now
have abundance for all our needs. and that
there seems hut little proprety in building
vaults to store such currency when the
only pretcnse for its coinage Ia the necessity
OF its use by the people as circuint ny me-
dium.
The report of the
SECRETARY or wAn
gives detailed account of the adminlstHa-
In rfNfh a ~ ms md pU
recommendations for the Improvement of tho
service which fully approve. The army
consisted at the date OF the last consolidated
The expenses of the departu ont for the last
fiscal year were ga, 800 9i3s, inclu ling S8,2N.
S0j.+S for public works and rivcraud hnrbOr
improvements. l specially direct the atten-
tiOn of Congress to tho Recommendation that
officers be required to submit to an examina-
ton as u preliminary to their promotion. I
adopting this festurc, winch has operated SO
benefcialy in our navy department as well
as In some BRANCHES Of the army.
Tho subject of
COAST DErENsEs
and Notifications has been fully and carefully
treated by the Board on FortincatiOns, whose
report was submitted ut the last session Of
Congress. but NO. no constrnsti1n ms % n, work OF the the
possible during the last year from the lack of
appropriations for such purpose. Tho de-
fenseless condition Of our sea coast @ and lHko
tions made must convince us all that certain
of our cities named In the report of the Board
should be fortified, and that work on the most
commenced at once; the work has been thor
oughly considered and laid but, tho Secretary
of War reports, but all is DELAYED ia default
sity, Judged by AL standards of prudence and
foresight, OF our preparation for an oGectual
resistance AGAINST the arnored ships and steel
guns and mOrtars of modern construction
which may threaten the cities ON our coasts,