The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1889-12-05

tiiht an apparently Stable government
has been constituted, II has been duly
recognized by tho United States, A
mixed commission 10 now Ia session IN
the capital f0r the settlement Of long
standing claims against tho Republic,
aud II IL hoped thata satisfactory GOnolu-
sion will ba speedily reached,
This government has not hesiiated 10
express lis earnest deslre that tho bound
AIRY dispute now pending between Great
Britain and Venezuela may DO adjusted
amipably and Ia strict accordance with
the historic title Of the parties,
Aaain tho suFpiu@
The treasuTera report presents with
olearnesa tho fiscal operations OF the
government, and avail myself Of II 10
obtain some facts for use here, The ag-
gregate receipts from all sources fOr the
year were glhI $50, 05bhi, Derived as
followai From customs, teeb, ,bae, "a ,6Ol
from international revenue, $3.50, $751; =
blb'Ds from miscellaneous sources, gi9,'
$40, sos en-,
The ordinary expenditures Tor the
same period were t2bl 900, ,Olb, and the
total expenditures, including the sinking
fund, were sBeD, 1870, ,a0D,pb, Tho excess
OF reoeipia over expenditures were, after
providing for the sinking fund, sbl,4lO,-
l2O,bD For tho current fiscal year tho
total revenues, actual aud estimated, arc
gAhb 900 900, and tho ordinary expendi-
tuTea, actual and estimated, are 9e9B,-
100000, making, with tho Hlnltlng fund,
a total expenditure OF 6iil 1921, 1900,
leaving an estimated surplus Of yiB,Bls,'
B61,0l,
During the fiscal year there waa ap.
piled 10 tho purchase Of bonds, In addi.
tlont0 thoaeior thealnslng fund, SOO, l5O,.
1880, and during tho FIRST quarter OF
tho ourront year tho sum Of BiTsjB, ,OaI,-
~, all Of which was credited 10 the
sinking fund, Tho revenues for tho
fiscal year ending June 80, 1891, arc
estimated by the treasury department at
elsb,00O,OO and the expenditures for
tho same period including the ainking
fund, NJ s3il ,48O,47L70, This shows an
estimated surplus for that year Of Na,-
aBO, ,62e. 80, which n more likely 10 b0
increased than reduced when tho actual
transactions are written up.
The existence OF 30 large an actual
and anticipated aurplua should have tho
Immediate attention OF congress-, with a
Wow 10 reducing the recelpta OF the
treasury 10 the needs OF The government
Ra closely aa may be. The collection OF
money not needed for public usea lm-
poses an unnecessary burden upon our
people, and the presence OF 10 large a
surplus In tho public vaulta Ia disturb
ing element In tho conduct OF private
bualnem, II mas called into uae expedl.
enta for putting II into circulation OF
very Questionable prOprlety. We should
not collect revenue for the purpose OF
anticipating our bonds, beyond the 70.
qulrementa OF tho alnking fund, but any
unapproprlatod aurpluh In tho treasury
should DO 10 used, ~ there 10 no other
lawful way OF returning the money 10
circulation, and tho profit realized by
the government ofiora substantial ad.
vantage Tho loaning Of public funda
10 the banks without Interest, upon tho
security Of government bonds, regard
as an unauthorized and dangerous OK.
pedient II results In u temporary and
unnatural incroaao OF the banking capi-
tal Of favored localities, and compola q
cautious and gradual recall OF tho dopoa-
Ia 10 avoid injury 10 the commercial In
torcsta II ia not 10 bo expected that the
banks having those deposits viii sell
their bonds 10 tho treasury 10 long ~ tho
present highly beneficial arrangement In
continued. Thoy now practically get
interest both upon tho bonds and their
proceeds No further use should DO
mado OF this method Of getting tho sur
plus into circulation, and tho deposits
outstanding should bo gradually with
drawn and applied 10 :h0 purchase OF
bonds. 10 IA fortunate that such q use
can bO made Of the existing surplus and
for somO time 10 como Of any casual sur
plus that may exist after congress has
taken the necessary stop for q reduction
OF tho revenue Such legislation ehould
bo promptly, but very considerably, on-
acted
Revision OF the Tnrin.
recommend q revision of our tariff
Inv, both In Ia administrative features
and In the schedules. The need Of tho
former Is generally conceded An n0reO-
mont upon tho owls and inCOnvCniencOa 70
bo romedi0d and the beat methods for their
correction will probably not bo difficult
Uniformity OF value at all our ports Is o.
Bontial, and effective measures should b0
taken 10 secure II, II IN equally desirable
that questions affecting rates and clasal-
1oationa should DO promptly decided.
Tho preparation Of n now schedule OF
customs duties IL a matter Of groat deli.
cacy, because Of its direct 0iIoct upon
tho business Of tho country, and OF great
difficulty by reason OF the wide divergence
OF opinion as 70 tho objects that may
properly be promoted by such legislation.
Some disturbance Of business may per-
hapa result from the consideration Of this
subject by congress, but this temporary
lll-olIect viii bo reduced 10 the minimum
by prompt action and by tho assurance
which the country already enjoys that
any necessary changes will bo 80 made
as not 10 impair the just and reasonable
protection OF our home industries,
Tho tranquilities Of the law should DO
adjusted, but tho protective principle
should be maintained and fairly applied
10 tho products of our farms as well ns
our shops. These duties necessarily have
relation 10 other things besides the pub
lic revenues. We cannot limit their
effects by fixing our eyes on tho public
treasury alone, They have direct val
uation TO home production, 10 work, TO
wages, and to the commercial indopend.
onco Of our country, and the wise and
patriotic legislator should enlarge tho
field OF his vision 10 include all of these
Tho necessary reduction in our public
revenues can, am sure, bo made with
out making tho smaller burden moro
onorous than the larger by reason Of tho
disabilities and limitations which tho
progress OF reduction puts upon both
capital and labor. Tho free list can very
safely be extended by placing thereon
articles that do not offer injurious COM
petition 10 such domestic products as our
home labor can supply.
The removal Of the internal tax upon
tobacco would relieve an important agrl-
cultural product from o burden, which
was imposed only because our revenue
from CtigtOmg duties Wng insufficient for