The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1889-12-04
VERY LITTLE OF SILVER
CSutiws~d frosu Nrse Pn0s,

o8GtE1A4cmS UtpO1I az WIFE otIu sthNohs
venienccs DO be rsmedicd and the best
methods Tor their corrsstton will probn.
bly, nSs cs d s.Ifis.risi .n u1isS %.r at ns.s all
ures should he taken to secure It,. IL Ia
equally desirable that questions affecting
rates and Qualifications should he
The preparation Of n new schedule Of
costosms duties is u matter of great deli
meas OF the country, Of great difficulty he
cause the wide divergence Of opinion as
s sSs. ' iss;si..i s%n' % same -. dis: sasSss S ~
sideration of this subject hy congress. but
o = miniSum by T pramp, action
and tine ASSURANCE which the
country enjoys that! any necessary
che just and reasonable protection of our
home industries. The inequalities of the
law should be adjusted, but the protective
principle should tee maintained and fair
ly applied To the products of our farms rs
we'll as our shops, These duties neces-
sides che public ~revenucs. We cannot
limit their effects by fixing our eyes OH the
public treasury. They have a direct. rela-
waGes and To the commercial ~indcpend-
ence OF our country and the wise and
G ,siG os III legislature v;sina ,c ;n should Il, sn n; the
The necessary reduction i'm our public
revenues can, l ann sure, b. made without
than the larger by reason of the disabiIi-
ties and limitations which the process OF
reduction puts upon both capital. and
tended by placing thereon articles that do
not offer injurious competition To such
domestic products as our home can
supply.
REVENUE TAxEs.
The removal of the internal revenue
tax upon tobacco would relieve an impor-
w saas SHs wSs i%pasdpd f" sniy b. sr% q q our %rr 9ev.
enue from custom duties was insult
hcient for public needs. II a
devised the removal of the tax upon spir-
Its used in the arts i'm manufactures,
would also offer m unobjcctionable
method Of reducing the surplus.
n SILVER QUESTION,
The law requiring the purchase by tho
treasury OF two million dollars worth OF
silver bullion each month to he coined
observed by the department.; but neither
the present SECRETARY nor any of his pre-
decessors has deemed il safe to exercise
the n,onthly purchascs to four million
e. .;'ssr i, F ,ss rn ss;a: is.s' The nd price :,
ounce. making the bullion value of a dol
Lar 93 cents. Since that time the price has
ducin9 the bullion value of the dollar To
30 6-1O cents. Within the last few months
the market price has somewhat advanced
the bullion value OF the silver dollar was
~ cents. The evil a~nticipations which
have accompanied the coinagea and use Of
had ecnorai usS S'" and tns r% %S.
il. hut this is ,nanifestty owing to the
Tact that it's paper representative is more
convenient. The general acceptance and
yer has NOS been otherwise discredited.
Some favorable conditions have contrib
sltep To the maintenance of this practice,
IluIr nnnna nj hsa-a nEA AIVa n.na
tina statutory enactrncnts do not control,
and tie continuance of which we cannot
i think il is clear that II We should make
the coinage of silver AT the present ratio
free we must expect that the difference in
lars will be taken account of in CONNER |
cial transactions, and i fear the same re-
suit would follow any considerable i'm
of the present rate OF coinage Such
result would he discretlitable tn our
financial management and disastrous tn
tread the dangerous edge of such a peril
aud indeed nothing more harmful
happen to the silver interests, and
safe Legislation upon. he subject must se-
cure the equality OF the tSo coins i'm their
uses. l have always been an
OF the use of silver in our cur
metal and should not discredit IL.
SILVER CERTIFICATES.
To the plan which will be presented by
ance of certificates upon the deposit of
silver bullion at its market value, / have |
been able tai give only u hasty exaniina-
lion, owing to tho press of other matter |
and To the fact that il has been so ~ecently |
formulated. The details of such "a law re-
quire careful consideration, but the gem
plan suggested by him seems to sat
lsfy the urpos to continue the use of
silver i'm connection with our currency and
AZ the same time to obviate the danger of
which ] have spoken. At "a later day l
may communicate further with congress-
Ipon thiss subject.
The president refers at length to the diff
hculties encountered i'm the enforcement
1f the Chinese exclusion act, and also dis
.usses the seal fisheries of Alaska. In re-
gard 20 coast defenses, the president
urgently recommends an appropriation at
lhih session foe the construction of works Il
IN our much exposed harbors. /
The president calls attention TO the L
shooting of Judge Terry at Lathrop, CAL. |
m August last, and recommends that
more definite provision be made by law
Tor the protection of federal officers
md witnesses in federal courts. The pres
dent recommends that salaries of the
district Judges now below S,OOO he in
creased 90 that amount. |
TRUsTs AND COMBINES.
Earnest attention should be given by
congress 10 a consideration of the question
how fnr the restraint of those
ions of capital called trusts In
} matter OF federal jurisdiction. When
.,rgani.ed, as they often are, TO crush out
Iii healthy competition, To the