The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-03

complaint from some manufacturing point IN
England that American competition was forcing
English products in the specific line mentioned
out of the market. This is natural Now, /
would protect every line of industry which could
successfully compete with foreign markets The
effect would be that we could make at home that
now sent lis from abroad. This would decrease
the customs revenue, for goods would be
sent here from abroad which we could make our
selves
Would you eliminate any of the internal rev.
enue taxes" asked.
'Yes, / would. For instance. would reduces
the taxes on manufactured tobacco one-half /
do DOT believe there should be any reduction of
the tax on whisky. The people don't feel this
tax, and the trade has adapted itself to it and is
not asking Tor il. Tobacco is not taxed in the
leaf, but on the manufactured article l would
cut down the tax one half, and thereby decrease
the revenue an additional $40 900 900 or Sl2 OOO,-
goo. Thus, with free sugar and reduced to-
oacco tax we have $50 600, 600 of the revenue de-
creased
Would you make any reduction in the glass
and pottery schednleP
NO. because they are both industries that are
growing in this country. In glass We have made
rapid progress. l recall when was Secretary
OF the Treasury certain specifications for glass
needed, and the only goods which met the re-
quirements were made in Indiana We can
make plate glass as good as any point
IN the world. OF course, in Ethe fine
mere matter of art We cannot compete with
the labor which produces it, which is paid about
60 cents day. With pottery, so far as it applies
to queensware, we are forging ahead. In the
matter of the ornamentation or the French and
Belgian goods we cannot compete, because with
them it is matter of art, and their labor is
poorly paid
asked Mr.. Sherman If he had any expecta-
ton that the Congress about to assemble would
effect radical legislation of any kind.
n ho hawo Ct,oh
Ii we could get joint committee of Democrats
and Republicans with power to legislate, come
thing might be done. That, of course, is out OF
the question. The Democratic House of Repre-
seEtatves which in long session of Congress
did not heed any of the suggestions of its Presi-
dent or Secretary of the Treasury. will hardly
attempt it in a session of less than ninety work
ing days.
Your platform Of relief, Senator, then. in
formulated way, is"
SIS" said the Senator. "frst the abolition of
the sugar tax second, the passage of a stringent
bankrupt law; third an interstate commerce bill
mot the Reagan billy; fourth. national bank cir
culation up to the face market value of the
bonds deposited; fifth, the reduction of the to-
bacco tax one half sixth, the reduction Of the
tax on bank circulation ore-half; seventh, the
issue of silver certificates the value of bullion
and the repeal of the present compulsory law.
''lf he added, Congress was to carry out these
suggestions, which l know it will not there
would be rapid diminution of the public reven-
ues"
then asked the Senator it, when he contem-
plated the OVERLOOKING Treasury, he did not feel
the self consciousness OF his position as to the
resumption of specie payments when Secretary
OF the Treasury.
81 always felt. he said, ''that we could re-
sumo at the specified legal time. Others, whose
opinions were entitled to WEIGHT thought not.
However, we did resume, and our national pros
perity is marvellous a ss,,s4 81 -t0