Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1889-12-07

est, upon the security OF government bonds. !
regard rs an unauthorized and dangerous ex-
pedient No further use should be made OF
this method OF getting the surplus into circula-
ton, and the deposits now outstanding should
be gradually withdrawn and applied 10 the pup.
chase Of bonds Such legislation should be
promptly, but very eonsiderately enacted
recommend revision Of our tariff law, both
In lis administration features and in the sched.
u'es. Uniformity OF valuation at all our ports
Is essentiab and effective measures should be
taken TO secure IL. 1t is equally desirable that
questions affecting rates ana elassiheations
should be promptly decided
The preparation OF new schedule OF customs
duties is matter Of great delicacy because OF
its effect upon the business Of the country, OF
great difficulty by reason OF the wide diver
gence OF opinion as TO the objects that may be
promoted by such legislation Some disturb
ance OF business may perhaps result from con,
sideration OF this subject by Congress, but this
temporary i'll effect will be reduced TO MIN
imum by the prompt action and the assurance
which the country enjoys that any necessary
changes VIII be so made a. not TO impair tho
Just and reasonable protection OF our home In
dusires. The inequalities of the law should be
adjusted but the protective system should be
maintained, and fairy applied 10 the products
of our farms as we'll as our shops. These duties
necessarily have relations TO other things
besides the public revenue We can not limit
their effect by fixing our eyes on the public
treasury alone. They have direct relation to
home production, TO work, 10 wages, and 10 the
commercial independence OF our country, and the
wise and patriotic legislator should enlarge the
field OF his vision 10 include all OF these ends.
The necessary reduction In our public revenues
can, | am sure, be made without making the
smetler burden more onerous than the larger by
reason OF the disabilities and limitations which
the process OF reduction puts upon both capital
and labor. The free list can be very safely OK
tended by placing thereon articles that DO not
offer injurious competition to such domestic
products as our home labor can supply.
| The removal OF internal revenue upon tobacco
would relieve an important agricultural pro-
duct from burden which was imposed only be-
cause our revenue from customs duties was in
sufficient for the public needs.
| II safe provision against fraud can be de
| viscd, The removal OF the tax upoa spirits uset
| IN the arts and IN manufactures would also ohol
an unoblcctionable method of reducing tht
surplus,
II appears that the amount OF national banl
notes in circulation has decreased since 1871
/ al
the last year, The total amount OF money o
oil kinds in circulation on March !, 1873, wa
ss05 7gS SO7, while on October |, 1889, the tota
was 81, ,4Os 0ls, 900. There was an increase .
s2934l75j? in gold coin, OF sH.54, 100 il
standard silver dollars, Of i72 9li, 2i9 in gol'
certificates, OF S276,6l97l5 In siIye
certificates, and Of sl)073,737 ii
L. s. notes making s7l3976 403. There wa'
during the same period II decrease OF slla lol,
729 in bank circulation ind OF sli24Sl IN sub
sidiarv silver The net increase was 1903 IA
1893 The circulation per capita has increasot
about sj during the time covered BY the tablt
referred to.
The total coinage Of silver dollars was, ol
November !, 1880 s3i3 G3S Il, OF which $3.50,
5S9. 81 were In the treasury vaults and Bo0",
40 were in circulation. or the amount in tn
vaults. s977 1884 were represented by ou'
standing SILVER certificates, leaving 2l'o'
not in circulation and not represented by Gel
tliCaes
The law requiring the purchase by tho treas
ury OF 5000 600 worth OF silver bullion eaci
month 10 be coined into silver dollars OF Az
grains, has been observed by the department
but neither the present secretary nor any
his predecessors have deemed 1t safe 10 exc
else the discretion given by law 10 increase IN
monthly purchase 10 81 100000, When the Ia
was enacted (Feb. 20, 1873 the price OF silve
in the market was 81 20 40 per ounce, maxim
, ,he bullion value OF the dollar 93c, since thf
time the price has 10 lien as low as 9l.2c pc
, ounce, reducing the bullion valneI OF ID
: dollar 10 7O6c Within the las' Y month
the market price has somewhat aa'Ahefd ~
, on the first day OF NOV mhe'
the bullion value OF the s.fef ooH'
Q was &c The evil ante iaehs WIG
: have accompanied the coinaa sa1 Ns' e' u
silver dollar have not been al47a- f-s co
thas not had general use, aad lhe faHlte .rea
:, ury has been compelled to flafe tk 1't lhls
: mani,es,ly owing to the IA thai itr paper re
= rescnta,iye is more cor intent ] mink 1t
>, clear that /, we should make coinage OF silv
y ot nresent rate FREQ we uust sLpaGt tho die
=, ence in bullion values Of the Eoa ard silver az
=, lar. will be taken soeaHl. u in commerci
=, transactions, and ear lAe same result wou
follow any considc au'e increase OF the rrese
rate of coinage, such a result would be d
5 creditable 10 our financial management and
d astrous to all bus less Interests. We should n
/ tread the dsnge 1us edge Of zach peril
Arv safe lee Salion uror this subject mu
.ocrro tbe enrs,ity Of the two coins in TIT
u commercial g es have always been an adv
" cate Of the e Of silver In our currency, 7
:, general pla suggested by the Secretary OF t
Treasury seems % satisfy the purpose-to &C
=, tinue the r q OF silver in connection with o
currcncy nd At the same time TO oovate |
=. danger Jf which have spoken.
4, THO en.0rcement OF the Chinese exciusi
:, act has h6eH found to be very di1ioult on
Nor bwestcra frontier Cinnamon landing
We aria ind g ansy TO pass our border Owl
- 70 the lr1nassihllty with the force al the co
. ~ .na N the customs officers, OF guarding
y. Nc an inland line. The Secretary OF the rFo
nrv bss st,heriyed the employment OF 40
4.aN -rrs. who viii he assigned 70 q
= 4gari cry EFFORT win be made TO EMO
f4sc .,sssagc Esra states thsts refuge stat
'sysn,c vass.le esKasss 10 protecting So
4. Hss eefi sueetstasy t4F&5 5i.eneo ~ ~
H. row. ...
y. o,ur w,,hout coast ssfepses Many ci
a, az s,rnctures We have would srhancs rather u
~ ~ d,,,inish the peril OF their garrison II suplec
=, N, tho fire of improved guns. and very iew
y, VI 60 located as 10 Give full eject TO the gree
~ range of such guns as we are now making
al coast defense uses
a Tho security OF our coast cities against
a, | eirn attack should not rest altogether 10
no Friendly disposition OF other nalons IN
shonld be second line wholly In our own He
,o inc livery urgently recommend an appro
~ ot,on n, this session for the constructor
-, sucb works in our most exposed haroor'
n, spprove the suggestion OF the Secret
,;c O, War that provision be made lor encanlp
nj companies of the National Guards In our CO
',r works Tor q specified time cach year. anu
n, their training in the use OF ncaVy guns
ar. suggestion that an increase OIL ',io "i'',
10 force Of the army is desirable is also IN
~ ..a,,o, commended TO The consideration
m. Congress rors
nc ..ho,a sbonld he oromoted by the nccess
ed appropriations r.r,v r,on
=" ,o.son NJ Jns ice Field and the hi ing OF
-, arsoi ant by Deputy y Marshal IN COM
% ,;on with t.e legal proceedin. $ which u
~ tollowcd. suggest questions which IN my J
NJ. msnt are worthy Of the attention OF Cohgres
- recommend that more definite proVis'o'
so made bv law. not only for the pro'ec'ioh OF
90, eral ofscers, but for a full trial OF sucn case
,s ,he II c Courts The duty OF Pro'eo.ut
~ of,cers as such, and OF punishing those VINO
re- III, ,nem on account OF their ofiicial q
>" shou,d moi be devolved expressly or py
40 ouiescence upon tho local authorizes.
10 Tven,s which have been brought 10 my
~ ,en,ion happening In other parts OF the &C
a. ,rv nave also suggested the propriety OF
.n tending, by legislation, fuller protecuon
those who may be called as Witnesses l"
% courts of the United States. -
,or " IThe President recommends some in.ei
or ,,s,e conr, having final appellate jurisdic
~ NJ certain classes OF cases, as a means OF as,
,sa U IN ,ng in the disposal OF U. S. Supreme Court
'1 90, The salaries OF the Judges OF the DIST
"a, o,urts in many OF the districts are IN my
' nr ment inadequate recommend that all
,.SS saaries now below IS 900 per annum be 'ncr
=, | a 4. - ,h,, amount