The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1886-08-19

limitations q certain reduction should be
made in our customs revenue. The amount
of such reduction having been determined,
the inquiry follows, where can it best
released from duty in the Interest Of our
citizens.
think the reduction should be made in
imported pecessaries of life. We thus d.
reetly lessen the cost Of living in every
family OF the land and release to the people
the rewards of frugal industry.
NATIONAL BANKS.
During the year ended November J! 1885,
145 National Banks were organized, with an
ing notes h.ve been issued to them amount
to 81 III $40. The whole number of these
banks In existence on the day above men
The very limited amount of circulating
notes issued by our National Banks, com
{a issp s'5 an sne : a dsmns;t the If hands 5s% Re fon fSe sne re.
demption, indicates that the volume OF our
circulating medium may be largely increased
important than the present condition Of our
currency and coinage can claim your atten-
ton.
THE SILVER DOLLAR.
under ere the 0t oompu isss; ,n sroTisiSns Of law,
silver bullion and coined the
same mt the rate of more than 100000 every
hOuLH. ny khtb PEO0C5S up ~ ooS PECSCao
date Els, 756. 48l silver dollars have been coia-
ed.
power to the general government would Hm-
1t its exercise without express restrictive
words to the peoples needs and the require
meuts Of the public welfare.
money" given to Congress by the Constitu-
tiou If it permits the purchase b. the gov
eminent Of bullion for coinage, in any event,
to In extent beyond the amount needed for
q sufficient circulating medi m. The desire
should not lead to a misuse or the perversion
The necessity for such an addition to the
py the silver coinage act, is neEatived BY the
fact that up to the present time only about
fifty millions of silver dollars SO coined have
leaving more than is5. oOOy6o in possession Of
the Government, the custody OF which has en-
ssan Of ysSits sGs iss ssI sps e f9 ass S1nstt this
certificates amounting to about $50, 10000.
public treasury are paid out for two millions
or more of silver dollars, to be added to the
idle mas already accumulated. If continued
long enough this operation will result On the
substitution of silver for all the gold the
Government owns applicable to its general
purposes. It will not DC to rely uton the
good this drain of gold, because the silver
thus coined having been made legal tender
fIOf nj u6DtS ava QuoS, PUBIC anu prlVdtc, 6L
times during. the last six months nfty-eight
per cent. of the receipts for duties have been
In silver or silver certificates. while the aver
age within that period has been twenty per
cent.
The portion of silver and its certificates
received by the Government will probably
increase as time goes on for the reason that
the nearer the period approaches when it
will be obliged to offer silver in m of
it Nslf pS Ss &c Soasa the 1eI sr sssips and asDrecias, snsr re
the value OF silver, or for the purpose OF
specializing.
When the time comes hat gold has been
Withdrawn from circulation then will be APP
parent the dtfrerenc" between the real value
of the silver dollar and a dollar in gold, and
the two coins will part company.
Gold, still the standard of value and neces-
sary in our dealings with other countries,
which have substituted gold for the deposits
of their customers may pay them with silver
bought With such gold, thus maxim nl;i a hand
it to liquidate their foreign debts at a ruinous
and women of the land most defenseless Of
an, will lind that the dollar received for the
wage of their toll has sadly shrunk in its
I may be said that the latter result will be
but temporary, and hat ultimately the price
of labor will be adjusted to the change, but
even If this takes place. the w~aRe-worker
can not possibly gain, but must inevitably
lose, since the price he is compelled to pay
for bis living will not only be measured In q
coin heavily deprecated and fiuctuatfng and
uncertain in its value, but this un ertafnty
in the value of the purchasing medium win
Sey %nde ts sas } Rlssisfixs f Sy a actual aaYa depr sn lRfiSss
The words uttered IN 1884 by Daniel Web
ster, in the Senate of the United States, are
who has the deepest interest in a sound cur
rency, and who suffers most by m~ischfevous
legislation in money matters, is the man who
earns his daily bread by his daily toll" The
most distinguished advocate of bimetalism
discussing our silver coinage has lately writ
ten, mo American citizens hand has yet
ceiving or expanding, the silver acf dollars
And those who live by labor or legitimate
However p'enty silver dollars mag become,
they will not be distributed as gifts among
the people, and If the iasoring man should
now receives but two b. will pay n the de.
preciated coin more than double the price he
OF life.
So if this silver coinage be continued we
may reasonably. expect that gold and its
equivalent will abandon the field of circula-
ton to silver alone This, of course, must
produce a severe contraction of our circula-
ting medium instead of adding to it.
efforts that the attitude of the leading powers
remains substantially unchanged since the
Monetary Conference of 1881, nor is it to be
questioned that the views of these govern
ments are in each instance supported by the
weight of public opinion. The steps thus
taken have therefore only more fully demon
strated the uselessness of further attempts
at present to arrive at ny agreement on the
subject of other nations.
h NAvY.
Inspired, as I am, by the hope, shared by
all patriotic citizens, that the day is not FIJI
distan when our navy will be such as BELTS
our standing among the nations of the earth,
and rejoiced at every step that leads in the
direction of such a co~nsumnation, l deem II
my duty to especially direct the attention
of Congress to the close of the report of the
Secretary of the Navy, in which the. humili.
ating weakness of the present organization
of this department is exhibited, and the start.
ling abuses and waste of its present method
are exposed.
THE INDIAN QUESTION.
The report of the Secretary of the Interior,
containing an account of the operations of
this important department and much inter-
esting information, will be submitted for
your consideration.
The most Intricate and difficult subject in
charge of this department is the treatment
and of the Indians. l am salts.
fed that some progress may be noted in
their condition as the result of a prudent nd
ministration of the present laws and regul
lions for their control.
Bnt it is submitted that there is lack of a
fixed purpose of policy on this subject,
which should be supplied. 1t is useless to
dilate upon the wrongs of the Indians, and
as useless to indulge IN the heartless belief
that because their wrongs are revenged in