The comet. (Johnson City, Tenn.) 1884-1916, 1888-09-13
2 Cyclone


freedom and happiness. When
in direct form nothing G
will
AROUSE POPULAR Discomfort
more quickly and profoundly than un-
just and unnecessary taxation. Our
farmers, merchants, laborers, and all
our citizens, closely scan the slightest
increase in the taxes assessed upon
their lands and other property and de-
mand good reasons for such increase.
And yet they seem to be expected, in
some quarters, to regard the unneces.
sary volume of insidious and direct
taxation visited upon them by our
present rate OF tariff duties with indlf-
ferences if not with favor.
The surplus revenue now remaining
in the Treasury not only furnishes
conclusive proof ofunjust taxation, but
its existence constitutes separate and
independent menace to the prosperity
OF the people.
This vast accumulation of idle funds
represents that much money
DRAWN FROM THE CIRCULATING MEDIUM
of the country, which is needed in the
channels of trade and business
1t is a great mistake to suppose that
the consequences which follow the
continual withdrawal aud boarding by
the Government of the currency OF the
people are not of immediate imror-
lance to the mass of our citizens, and
: only concerns those engaged in large
+ financial transactions.
= In the restless enterprise aid activi'
I. ty which free and ready money among
the people produces, is found that op
n portunity for labor and employment
|. and that impetus to business and pro
q duction, which bring in their traii
o prosperity to our citizens in ever.
station and vocation. New ventures
new
INVESTMENTS IN BUSINESS
> and manufactures, the construction c
q new and important works, and the en-
,t largement Of enterprises already e'
I. tablished, depend largely upon obtair
g. ing money upon easy terms with fal
20 security and all these things are stin
ia. ulated by an abundant volume of eli
culating medium. Even the harveste
grain of the farmer remains without
market, unless money is forthcomin
VI for its movement and transportatio
80 to the seaboard.
,'' The first results Of scarcity
:, n money among the people is the exa
h0 ton OF severe terms for its use. i
NJ creasing distrust and timidity is fc
40 lowed by a refusal to loan or advant
on any terms. Investors refuse 9
risks and decline all securities, and
a general fright the money still in Il
let hands of the people is persistent
ty, boarded. 1t is quite apparent tb
yes when this perfectly natural, if not
ire evitable, stage is reached
ION DEPRESSION IN ALL BUSINESS
%' =" and enterprise will, as necessary CO
sequence, lessen the opportunity
-, ~, work and employment, and reduce s
:, aries and the wages Of labor.
WY Instead, then, of being exempt fro
az the influence and effect of an INNER
'0 surplus lying idle in the nation
' treasury, our wage earners and 9th
" who rely upon their labor for supp
" are, most OF all, directly concerned
up the situation. Others seeing the
, proach of danger, may provide agai
nos it, but it will find those depending
on their toll for bread unprepar
helpless and defenseless, Such st
OF affairs does not present a case
"A idleness resulting from disputes
the tween the laboring man and his
by ployer, but it produces an absolute {
was forced stoppage of employment (
Dom wages. In reviewing the bad eff
Nc of
the THIS ACCUMULATED SURPLUS
, and the scale of tariff rates by VII
20 it is produced, we must not overl
49, the tendency towards gross and Sc