Telegram-herald., 1889-12-04

5~ogls - - .r.---rg - - - ! -
gl-s La t4e y-cl1G s41its - 1st.rclas 60
Gsat = ths eozc-ct of puFs-s c-zi-
le-s. u 1ss cz.lsc l1tg zoe eKEe1-ents
Tor P4fri1x it tl4c c4rcl-. zt-oE - very e-es-
ts1c-lels Er1pr.ssg Ne s1gl1 1sl cc--e-t
ressl-s f3r he D1rDose ~ a1ll1l ga-t1g oar
ltl1s ceFcn4 tas RS. Icelle1-s 1f ne sass
tll4 e4a z1y sasE1FopFi4le4 s4rglls ~ -1s
Afs@s-ry sac4-1 Sc ssea. - l1zfe - -
~L1sr asa ~ay ~ rellralag tae ulo1rF -
elre4-Atisn &1d -Es pest re4-1ed - t1e
.59serE1scal s1ens s41stsal-al 4ls 4l-ss--
lle lo~-iils "a r4QLe fl1ls - L1s c@AAs
~--Aeul ialeresi a1on tae see2ritF q Govern
meat soa1s ( regard -la4t1ertze9
411 ean4eroas e. ped. .el- lt res-lls ll q lrn2.
Par-zF 49, s1aat.-r-- ilcre2ss OF ti-e si-AAl1s
cas "a ~ fztcrsc localities 211 cenlre.s ca4.
ti9os Aa1 8 81 80 rSc4il ~ ne 1@sls-s p Af91
~ rsfy c. tle -2UlLere -l interests ~ is 4et 20
= sEeecte4 tha- sas 9aa1s having these aePcs
IS 81 5ell taair oouGs ~ EEe frea,-gY lolg
a. tne srs.en. E gay beneficial srr41gsnlenl s
cantll4ed 1leF 4es prac-lls4.y zet interest,"
1otl cou tte Goods al1 t1elr grocce.is- 30
f-r-hsE Use sloal4 ~ m4ts - th-s method 81
settns tle sarS4is 1910 circ-iati1-, 4l1 --e -
rost loa l- tstll4- % ,11-af ~ ~ ais = l-l
drs~a alf Al pisa to tle purchase ~ tel1s.
- - tlrf414-e t14l s4cl a lsr c4a rc made %
enc eN-filg >.trElls an1 fsT some t'nae to come
oi sly cts4a. s4rgi-s Lhat mas sz e. alter Goa
sreas -4s taf1n t4s 1eeesa4fl $50 81 toi q req t1
t.ol ~ tns reFeul1 Slc1 4es sl4tloa should -
geoMpLg r4L very eoasde fate-5 t-----4
IuE TARlsE
recommend REVISION ~ Cur tailH az
both in its aim listr4tlFe features and ln me
schedules The nsed % the former Is generally
conceded. aut 20 agreement upon ne eyils 4nd
uconscnielces % De- rerefii-4 - a1d IL orst
methods for tle4r eorTsctton will probably cot
~ 1-ncllr Inlf9rmity oi valaatlae at sl car
ports b, essential 49, elective measures should
g. taken q secure 81. II y equally de>ifaolS
tlal q -es tons Affecting rates and cl4sslnc2
tlors should be promptly decided
Ire preparation q q ues schedule o. customs
duties Is a matter of great delleaey because ~
rs effect upon TIC business ~ tno country, of
great dll1cul-y ~ reason % tne vide divergence
~ op noo - - Lne OBJECTS mat NAY ue pro
noted - sl-h l1sisl4tloh some U'Lui D-ilee
=. '-' Aees may pSt-ap' ies1lt tiol- oo.'9l q
t1n ~ llls subject 03 congress u-i ihis tein
poraff ii- eject vii o. reduced 70 a minimum
pF pfoD-p p action ana ths assurance "hlch lhe
country enjoys that any necessary changes
Ni-i o. 80 M-d- ss not 70 impair lhe l1at ena
reaeela aDir proteciion Or our nome Industries
The ine4 Auti-s of TIE law should oe ad-
ll-trl Guy me Pfoieci-fe prine.kie should oe
maintained ana fairly applied % ne products ~
our farms as well a. our shops These duties
necessarily pave fei2tlon % otAcf thinss De-
sides ne public revenues We can not limit
tlrr rlrcis uy lAlng our eyes 90 the puDlc
Treasury alone. They have direct relation 70
home production 20 YORK 70 wages and 10 Inc
commcrcl4 A. independence OF our country ana
the wise and p4triouc legislator should enlarge
the Held ol MS vision % Include all oi these
lhr necessary Feouctlou lh our puDne reFo
nues can l am sure De made without making
thc sma--of pui-sn NOR oi'e4ous tnah ne
larger oy reason OF the olsaollliies and hmita
tons when me process on reduction puts upon
ooth capitai anl "a Dor . NJ Tree hst can very
that 90 not oIer injurious competition 10 such
domestic products as our nome labor can sup
ply. The removal of the internal TAX upon To-
nscco would relieve an important agricultural
product from burden which was imposed only
because our revenue from customs duties was
insufficient Tor the public needs II safe proyis.
ION against fraud can BE- devised the removal Of
the tar upon spirits used IN the arts and in
manufactures would also offer an unOblectlOn-
able method Of reducing the surplus
NATIONAL BANK CIRCULATION
A table presented By the Secretary Of the
Treasllrv showing the amount OF money OF all
kin4s in circulation each wear from ISIS to the
rresent time is OF interest II appears that the
amount of National Bank notes in circulation
has decreased during that period Sll4 100 10. Of
which SS7 7s9 - is chargeable 20 The last year.
The withdrawal of bank circulation viii neces-
sarily continue under existing conditions.
The total amount OF money OF all kinds in
-i--ula arior on March / ISIS was fSC5 1q3 S07,
while on October l. 1882 The total was Al 415.-
OfSOCO The amount per capita increased about
five dollars during this time
TIE SILVER DOLLAR
The law recurring the purchase by the Treas
urv OF " 900 90 worth OF silver bullion each
month TO be coined into silver dollars Of 4l2ii
grains has been observed by the department;
his predecessors. has deemed II safe TO exercise
the discretion given by law TO increase the
rnonthlv purchases TO 100000 When the
Iaw W. enacted February 2s 1879 the
rrfce O.. silver in the market was o. 20 40
Der ounce making the bullion value Of the dol
fa- "a cents since thattirne the price has fallen
a. low as on cents per ounce reducing the bull
ion value ~ the dollar TO 10 9 cents Within the
last few months the market price has some
What advanced. and on the lst day Of Novern.
ber Iasf the bullion value of the Silver dollar
was y cents The evil anticipations which
have accompanied the coinage and use Of the
silver dollar have not been realized.
"a A coin N has not had general
nae and the public treasury has
been compelled 10 store IT, But this is mani
feztiv owing 70 the fact that its paper repre-
sentative is more convenient. The general ac
centance and use of the silver certificate show
thai silver has not been otherwise discredited
Some favorable conditions have contributed 20
maintain this practical equality in their com
rnercial use between the gold and silver dol
lars But some OF these are trade conditions
that statutory euac,ments DO NOT control ana
of the continuance OF which We can not be GER
tain.
think Il Is clear that II We should make
coinage of silver az present rates free we must
expect that the difference in bullion values Of
The gold and silver dollars viii DC taken account
+ Of IN commercial transactions and fear the
+ same result would follow any considerable in
crease Of the present rate OF coinage. such
result would be discreditab.e 70 our financial
management aud d lsastrCus 20 all business in
teres-s We should not tread ths
dangerous edge Of such a peril.
and indeed nothing more harmful
f could happen % the silver interests. Any ssfs
legislation upon this subject must secure ~
equalitv of The two coins in their commercial
uses have always been an advocate Of the
use ~ silver In our currency We are large pro
fuoers o. that metal and should not discrcdit it.
To n. man uhich will be presented bv the
I Secretary OF the Treasury FOR issuance Of notes
a certificates lpon the deposit q silver bullion
~ ifz market value I have been able 10
give only a hastv examination owing % the
press Of other matters and 20 the fact that
f II has been so recently formulated. The details
~ such a law require careful consideration. but
.. ~. - - g.-- ,,s. corti,,e re Sc -
-f ~ - - --s -.
- --. - 49,, =, ~5,,fsse .5e do1-er ~ wbic5
49, s-or-s- A.afs.e~ sav 7 nv cornr1-rni-
-, s-.b-- ,rs+h C,----ees anon .rfs st, nie~+
, - -. .-i, - = 49,. .-...t
Suasru ~ '--l-.n 800, N--a - - - -. =. o