, 1888-11-01

many of the predictions made four years
ago In the event of the election OF Cleveland:
among others that of the rebel soldiers
would be pensioned. He said not single
one OF these predictions had been verified.
No confederate soldier had even asked for
pension or will ever do so. In the course
of his remarks about the surplus, Mr.. Car.
Isle said: ION the let day Of July, 1887,
the last matured obligations of the gov
ernment had been called for redemption,
and yet at the close of that month, there
remained in the treasury over and above
requirements of the government, q surplus
fnnd amounting to SAC, 900, 900 and that
had been accumulating since at the rate of
$4,000, 900 or $40, ,000, 900 per month. except
as far as ii has been diminished by the
purchase of bonds at an enormous pre-
MUM and the great question to be decided
by the American people is whether or not
the system OF taxes, under which from So
100000 to $4,000, 900 per month is taken
away from the trade to be piled up in this
public treasury, shall be continued.
There are two lawful ways
to. use this money. One is to use it to
take up outstanding matured bonds of the
government, paying enormous premiums;
the other Is TO deposit certain part Of
this money from time to time in the ma
tional banking associations of the country,
upon the pledge Of security required by
law. so the people may have access to it to
use in their business. The treasury de-
partment has resorted to both these meth
ods, not because the secretary or president
are In favor OF purchasing your bonds at
premium as permanent policy, or be-
cause they are in favor of making large
deposits in the national banks as o perma-
nent policy; but simply because there is
absolutely no other lawful way to prevent
the accumulating in the public treasury to
the great injury Of the interest of the peo-
pie in every part of the country.
WHAT THE DEMOCRATS DID.
The democrats of the house of repre-
| sentatives, recognizing the necessity for
| reduction OF the taxation in order TO re-
move the burdens from the shoulders of
the people aud prevent the accumulation
OF this dankernds surplus. introduced the
Mills bill. Ib, is not u free trade meas
ure. 1t is very moderate measure Of
! tax reduction. IL proposes to give you
cheaper lumber, cheaper clothing, cheaper
agricultural implements and many other
| things. lt proposed to reduce the tax
upon manufactured chewing and smoking
tobacco, not including cigars and Gig
arettes. l don't believe in this as an
independent proposition, but recognizing
the fact that all legislation that is neces-
saay for the result OF concessian and
compromise. | assented to this re-
peal of the internal revenue tax. In
my judgment when the tax has been
removed from clothing and food, it will
be time enough to consider the question
of taking the tax from cigars and whisky.
Applause. Under the laws passed by
the republican party there is an average
tax of S47.l on every 500 worth Of i'm.
ported goods, and ask if such tax were
imposed by the state of Indiana on taxable
| property, for the purpose of raising an
| enormous revenue. unnecessary for public
purposes, how long the republicans, or
others, of Indiana, would submit to itp"
He argued at length, to show that the
duties ON imported goods, which
were added to the cost
price, made il possible. but
in most cases Lecessary, for additions of
like amount to domestic goods, as if the
American producers did not add to the
price OF his article the amount of duty up
on the imported article, imported arti-
cles could not come into the market and be
sold. The democratic party proposed to
make reasonable and moderate reduction
of these taxes and revise these laws, so the
government shall receive ample revenue
for all public purposes and the people will
be relieved from unnecessary burdens.
The speaker spoke at some length regard
ing the senate tariff bill and In reply to
the statement OF Congressman Mckinley.
He closed by appealing to the farmers to
assert their rights in the matter of tariff
them in favor OF capital.