The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1889-12-14

est, upon inc security OF government bonds,
| regard as an unauthorized and dangerous o.
podient. No further use should be made
this method OF getting the surplus into circu
! tion, and the deposits now outstanding shoul
! bo gradually withdrawn and applied to the pu
chase OF bonds. Such legislation should b
promptly, but very CONSIDERABLY, enacted.
recommend revision OF our tariff law, bot
In It's administration features and in the sohet
ules. Uniformity OF valuation at all our port
Is essential, and effective measures should b
taken to secure IL. 1t is equally desirable tina
questions affecting rates and classification
should be promptly decided.
The preparation of q new schedule OF custom
duties is matter Of great delicacy because o
its effect upon the business OF tho country, o
great difficulty by reason OF tho wide diver
gence OF opinion rs to the objects that may b,
promoted by such legislation. Some disturb
| ance OF business may perhaps result from con
sideration OF this subject by Congress, but thi!
| temporary Ill effect will be reduced to n MIN
| fmum by the prompt action and the assurance
| which the country enjoys that any nccessar,
changes VIII be so mado rs not to impair tn,
just and reasonable protection OF our home in
| dustrcs. Tho inequalities OF the law should be
adjusted. but the protective system should be
| maintained, and fairly applied to the products
OF our farms as we'll rs our shops These duties
necessarily have rotations 10 other things
besides the public revenue. We can not limit
treasury alono. They have direct relation to
home production, to work, 10 wages and to tho
commercial independence OF our country. and the
wise and patriotic legislator should enlarge tho
field OF his vision 10 include all OF these ends.
The necessary reduction in our public revenues
can, um sure; be made without making the
smaier 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 cS-
tended by placing thereon articles that do not
offer injurious competition to such domestic
products our home labor can supply.
The removal OF internal revenue upon tobacco
would relieve an important agricultural pro-
duct from n burden which was imposed only be-
cause our revenue from customs duties was In
sufficient for the public needs.
If safe provision against fraud can be de-
viscd, the removal of the tax upon spirits used
in the arts and IN manufactures would also offer
an unobJcctonable method OF reducing the
surplus.
1t appears that the amount OF national bank
notes in circulation has decreased since 1873
STA 1007 729 OF which s3T 100 30 is chargenble to
the last year. The total amount of money of
oil kinds in circulation on March ], 1873. was
sSo5, T93,sO7 while on October /, 1880 tho total
was LAOS, ,01S,00O There was an increase of
s2a3, Hi, $50 in gold COIN OF sj7.54 100 in
standard silver dollars, of s7a, ,2i3 IN gold
certificates, of ss76,6lo7l5 in silver
certificates. and of sllOTa,7S7 in
U. s. notes, making s7I3 e76, 4Oa There was
during the same period decrease OF sll4 l09,-
729 in bank circulation and OF sli2dsl in sub
sidiary silver. The net increase was 500 224
l93. The circulation per capita has increased
about 81 during the time covered by the table
referred to.
The total coinage of silver dollars was. on
November ], 1889, S3i3G3S.0ol, OF which $685.
Sci were in the treasury vaults and s5O,0oS,
4S0 were in circulation. or the amount in tho
vaults, S2173l9,Ni were represented by out
standing silver certificates, leaving So 2l95T
not in circulation and not represented by Ger
tifcates.
The law requiring the purchase by the treas
ury OF s2,000000 worth OF silver bullion each
month, TO be coined into silver dollars of 4l2n
grains, has been observed by the department,
but neither the present secretary nor any OF
hls predecessors have deemed 1t safe to exer-
else the discretion given by law to increase the
monthly purchase to s4.0OoOOO. When tho law
was enacted (Feb. 2S, 1879 the price OF silver
In the market was 81 90 40 per ounce, making
the bullion value OF the dollar o3c. Since that
Lime the price has "a lien low 0l.2c per-
ounce. reducing tho bullion vaue1 OF the
iollar TO 10.Gc. Within the last few months
he market price has somewhat advanced and
IN tho FIRST day OF November last
he bullion value of the silver dollar
was re. Tho evil auticipations which
lavo accompanied the coinage and use OF tho
silver dollar have not been realized. As n coin
{ has not had general use, and the public treas.
Try has been compelled to store II. But this is
owing to tho fact that its paper rep
'escntative is moro convenient. / think IL is
,lear that II we should make coinage OF silver
It present rato FREQ we must expect the differ
'ncc in bullion values OF the gold and silver dol |
ars, will he taken account OF In commercial |
md fear the samo result would |
'oiow any considerable increase OF the present |
-
reditablc TO our financial management and dis |
.strous to nli business interests. We shoald not |
read the dangerous edge OF such peril.
Any safe legislation upon this subject must
ecure the equality of the two coins in their |
uses. I have always been an advo-
ate OF the use OF silver In our currency. The
cneral plan suggested by the Secretary OF the
'reasury seems to satisfy the purpose-to con-
nue the use Of silver in connection with our
urrency. and Mt tho samo time to obvlate tho
anger OF which have spoken.
Tho enforcement of the Chinese exclusion
ct has been found to be very difficult on the
'orthwestnrn frontier. Cinnamon landing Mt
ictoria find II easy TO pass our border, owing
, the impossiblity with the force at tho CON-
land OF the customs officers, OF guarding so
ing an inland line. The Secretary OF the Troas-
ry has authorized the employment OF addi-
onal officers. who will be assigned 10 this
uty, and every effort will be made TO enforce
le law.
tThc message here states that refuge station
'r revenue vessels engaged In protecting seals
as been successfully established At TT. Bar
,w.1
Judged by modern standards we are practi-
lily without coast defcnses. Many OF the
ructures wo have would enhance rather than
mnish the porll of their garrison II subjected
the lire OF improved guns. aud very few are
} located ns TO givu full effect TO the greater
ngc OF such guns rs wo are now making Tor
'ast defense usrs.
The security OF our coast cities against for
gn attack should not rest altogether In the
iendly disposition OF other nanons. There
ould be second line wholly In our own keep
e. very urgently recommend appropri- |
ION Mt this session for the construction OF |
ch works in our most exposed harborA
approve tho suggestion OF tho Secretary !
War that provision be made for encampirg
mpnnics OF rho National Guards In our coasi q
1rks for specified time each year, and for q
cir training IN the use Of heavy guns His =
question thar mr. increase OF Tho artillery I
rec OF the army Is desirable is also in this I
injection commended TO tho cons liberation Of |
ngress II
The improvement az our important rivers and
rbors should DO promoted by The necessary b
I
rhc assault made by David s, Terry upon the r
rson OF Jus. ice Field. and tho III ing OF rhe q
,ni ant by Deputy ". Marshal. in connec- b
n with tse legal proccedin 5 which have
lowed, surgest questions which in my ludg- u
mt are worthy OF the attention OF Congress. h
recommend that moro definite provision he
de by law not only for the protection OF fed S,
u oficrrs, hut for full trial OF such cases In p
IT, S Courts. The duty OF protecting its q
GERS na such, and OF Furnishing those who as | ri