Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1886-12-09

Il
upaed debt loan OF 1882, 3 per cents
.e4 200 900; loan OF 1891, A PER cen'
s256, 900, goo; loan OF l9Vb POE oo''''
SoneYrrently with the consideration oS o.
bis dsht Il shown a surplus Of Si2o,UgO wv
,er voar. "a needless depletion OF uo
neonIe,s earnings" "the present congress
,an completely cure. 49,, .ho,v
Tressnrer Jordan's computations snow
thnt me sinking fund will eject tne pay.
roent az the whole public debt, .greenphoks
aud bonds, by 1908 Therefore the seeFe'htS
urges: ,a 40 large
and as whole, plainly indieates our o'a'
policy. We should , an.
nual revenue sufilcing TO pay our annual OK,
pendIture, including the sinking iuno, auu
excluding the silver purchase: u, "a, o,e
Hpay our untunded debt OF S34btbol,ulo
with the prosent surplus, and the surplus
,chieh wifi accrue before the whole reductlon
NJ taxation can he made or take e1ec! huu
while no more funded debt can DO paiu eA'
capt premium during the i've years ron
now until 1891" .,i,,, ,l,.
On the reduction Of surplus taxatioh ,ng
report is full and emphatic. froteeton
IA Il misndmer; American labor earns hlu
veta the highest wages; high wages ensure
Inv labor-rust 10 protucti our lakes gu
raw materials are suicidal; "uhtN lne
clothing OF sixty million people, Teihln
the tax on whisky, tobacco anu Vsvi'
Nobudy pays d taX on tobacco except tne
consumers Of tobacco. They ARE wlllihB 70
nav Tor yhe lnXury and they usE no reilel.
Any probable reduction Of the tnH on whisky
woufd be mora likely TO increase tne
rsvenua than to diminish II, Our own
sugar crop IL SO very small a part OF tho
total amount OF sugar We consume, lilat
snpar ranks next to articles wholly pro-
duced abroad, like tea and coffee, IN suluh-
bility for taxation, on the ground TINT Us
eonsnmntlon is universal, that the tax If
easily and oheaply collected, that tine IN
creased price paid by the consumers Il ~
uneonsIiered trine, and that what IL taken
from the taxpayers goes into the TAX,
payers treasury, not into a rev ptlNhte
| bank accounts"
The taxes to be first RENTED are those
which prevent or hinder hesale OF our ~, sur
| plus products In foreign markets, Ihest
| taxes are the duties on raw materials, and
/ tho most widely Injurious Of them Is I'M
| tax upon raw wool. "This petty TAX
i 1926. 1903 on raw wool assists In nearl!
i doubling the actual cost Of thor clothlnt
/ to the American people, with no real ana NJ
/ incidental benefit to anybody except IN
| foreign manufacturer"
/ The report concludes with; ITO say roth
/ ing of other taxes upon raw mateflalsther
are several hundred articles among IN
Also articles that We tax, when Ought !
/ be swept off the tax list into the Tree llsJ-
petty, vexatious, needless taxes, much OIL
iarging the cost of collecting the revenu
from imports. shall at an carly day, PR
| pare and submit to Congress II supplement
airy report on the collection OF duties"
THE SECRETARY OF TIRE NAyY's REPORT.
The Secretary OF the Navy In his annui
report says: 1.-THE experience OF u
department In It's first attempt
the creation Of modern vessels OF WI
has been such rs TO excite the create
concern and disappointment. An exam
nation OF the facts with reference
them demonstrated that an entirely ne
departure was necessary In undertakll
further similar construction. The one cha
: acteristic which an unarmOred cruiser mu
possess Is grent speed This Is determine
by the function which she Is expected
? perform In modern warfare. She is a ''ooI
merce destroyer She must be able
escape from iron-clads and outrun, so as
9 overhaul, merchantmen. II slower tn
iron-clads she could not keep the sea, and
slower than merchantmen she might as W
4 stay In port. This division OF ships by I
a functions which they are expected to p'
/ form is one Of the things which hns col
l.. about OF recent years. When IL became y
! | possible to concentrate In one ship both
: greatest speed, strongest armament and
q | highest defensive power, without reaC
ing tonnage displacement wholly out
the question, the division INTO class
4 according to the functions which they .
i expected TO perform, came about, Unar
ored cruisers have become n distinct ella
i aud the characteristic absolutely lndispel
q able to this class Is very greGt speed.
A The armor and the armament Of the v
4 sells already authorized l,y Congress invo
+. an estimated expenditure OF SS,732, 900.
| Ia assumed by the department that tn
& large contracts, instead Of being thro
4 Into tho hands OF foreign manufacture
4 should be utilized at home, and made
II means Of securing the establishment Of
/. dustry here, so important to tine Cove
i | ment.
y "If this policy Il correct and Is 70
il pursued, the matter requiring immedi
l. attention IL not so much the authori2at
J. Of the construction Of more ships, but
y means OF securing tho production of arm
and heavy forglngs In the United Stat
N Unless these essential elements Of II fight
ship are to be purchased abroad, any sh
90 the construction OF which should boautl
u lHe1 ~ mo coming hheStOn OF OonSi
e. would be finished from one TO three YET
g. probably three years, before the armor
AZ the armament could be prepared,
Of 'lhs policy involves delay in the c
OF struction OF the first vessels authorized,
OF al the end Of five years the country wo,
ty by pursuing it, be Independent and
Ii much stronger position in every RESI-
nd than would result from any other cou
T., IN arier taa' mo- may rIN
~ iuR LOT the construction nf furt9t yes
NJ IL Is suggested that the depelt4 eht
Its authority 90 employ eAlsting ati iatdit
nd preparations made for new construction
&c procuring, during the coming ycarithe
TO- paration of plans of armored vessels
Pile hereafter authorized by Congress