The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1886-12-16

cy ssd swsdds in nsaisysi nss. ~ y.esorious
iSs All ess se's s:suss sss S ~ 'ss Sc
Of i, piastersd stik With obscisss Oonssntioss
Free trade accurately describes the inter.
nal commerce Of our States. II applies 10 tho
commerce. one with another, Of no other great
and sovereign states. II does not apply TO our
Will ever see free trade adopted by these
Ss
chief source ar Of Federal Teyenue, and such they
@ = like s' ssrS:
choice among articles suitable for t.xat.on is
home or imported from abroad, for neither the
producer nor the importer finally pays the tax.
the nj The e. origin
criterion The place Of consumption Is where
duties well as excise are paid at last; sea.
port taxes and inland taxes are alike in cost Of
collection Is $40 and $40 per cent, md alike
In this, that although the importer or distiller
advances the tax, he reimburses himself in the
price TO the consumer, who alone is taxed.
Protection is also misnomer. It i'm.
plies superiority elsewhere. That superiority
over any great industry Of ours does not exist
adults I elsewhere. Such is not our reputation. @ %
It implies that amid competition universal,
where the fittest survive. we shall perish. But
we shall release ourselves from bad laws and
enter that competition unmanacled, rivals will
be distanced and our primacy established in
the markets ana commerce OF the world.
HIGH WAGES TO AMERICAN LABOR.
"Now, one proud fact attests the substance
Of our prosperity, and Is the guaranty as well
as proof Of our power TO hold agsinst all compe.
cry thing we choose to dig or fabricate or grow,
and to command and control for our surplus
pSy 70 IN
Highly paid labor signifies the most eflcient Ia
bor-signifcs that high wages are the most
profitable wages-signihes that the high rate is
Were trade as free with and within all the
ununited states Of Europe as it is among the
products Of our industry, including the manu-
fsctured, would have the pick Of foreign mar.
kets, for the reason that our labor, being the
centage Of labor cost, would everywhere sur.
pass rivalry The low wages OF pauper labor
signify least clsnGy whieh n but
cost in the product. Other things being equal,
| it is obvious that high wages can never be paid
unless % IT is profitable to pay them, A and II can
wages because the efiiciency Of those who earn
them vindicates its superiority by the reduction
"Eligh wages to labor and cheaper product
O. costlier product are correlative terms.
oarpetes with labor upon otherwise equal
| ground. What pauper stands any chance
competing with the intelligent artisan! The
boo, except that, in truth, our war.tarin
taxes favor .'pauper labor at the expense OF
American labor; Its products are not fenced
we ourselves destroy our own easy power OF
competition, even In our home market. by tar.
III taxes on raw materials we fence In our own
| surplus products, max ng them cost too much
| to compete at home. and, of course, too much
to compete abroad with manufacturers from
| untaxed raw materials.
THE BEST TAXES TO RETAIN.
| Smother proposal is to reduce taxation by
cutting down the tax on whisky, tobacco and
beers and removing the duty on sugar
consumers q % tobacco. They % are wiling tS to pay pay
| for the luxury, and they ask no relief Any
probable reduction of the tax on whisky would
diminish it. The price Of sugar has fallen to on
exceedingly cheap rate. Our own sugar crop Is
| SO very small part OF the total amount o
articles wholly producted abroad, like tea and
coffee, in suitability for taxation, on the ground
that its consumption is universal: that the taa
| creased price paid by the consumers is an un
considered trifie, and that what is taken from
the taxpayers goes into the taxpayers treas
| ury, not into few private bunk accounts.
THE TAKES TO BE REMITTED.
The taxes to be first remitted are those which
prevent or hinder the sale Of our surplus prod
in foreign markets e. vii
ter returns, enlarge the steady employment
and increase the annual income of many thou
| sand wageearners. whose prosperity will diff
fuse prosperity. These taxes are the duties OF
raw materials, and the most widely injurious o
them is the tax upon raw wool.
| they confer upon the wage-earners Of the United
States the boon OF untaxed clothing, and II
order thereto the immediate passage OF an &C
simply ind solely placing raw wool upon tn
free list
.'Of course repeal of the duty on raw WOO
should be followed BY, but need not wait for,
compensating adjustment OF the duties on manu-
featured wOolens, while our manufacturers ar
learning the lesson that with the highest pal,
and most efficient labor In the world, with tn
most skilled management and the best invent
tive appliances, they need fear no competition
from any rivals in the world, in home or for
eign markets, 50 long ns they can buy thei
daily clothing Of the American people need no
/ FINANCIAL srATEMENT.
"The total ordinary revenues OF the Govern
ment for the year were $S36, 430, III, an increas
over the previous year of $12,749,0N. The tota
ordinary expenditures were e8S7 ,O34, 181, de
grease ro from the previous year Of s5 sS
the present fiscal year were s04. .o45, ,b9s
and the expenditures slOs, ,s7a, go. Tn
amount Of customs revenues received durin
the fiscal year 1885 were e192, 906 O23 an increas
OF I'll, 3,O6a over the previous year. From In
! ternal revenue taxes the receipts were SIG
6U5, ,988, an increase of &i,30S.210.
I" The total Indebtedness of the United State
November !, 1885, less cash in the treasury, wa
u, 81, ,047, showing reduction during tn
year OF e03, 00, go. The net balance in tn
treasury ut that date was &52, 783 199. The ne
interest reduction was s3,219984.