The daily citizen. [volume] (Asheville, N.C.) 1889-1890, 1889-12-04

| ly the government officers a substantial
advantange. The leading of public funds
! to the banks without interest upon the
| security OF the government bonds,
regard as an unauthorized and danger.
Gus Scxpedient in its results and Il Temporary
and unnatural increase Ot the banking
capital of favored localities, and Compels
a cautious and gradual recall of the de
posits to avoid injury to the commercial
interests. 1t is not tn be expected, that
the banks having these deposits will sv''
their bonds to the treasury. so long as
the present, highly beneficial arrange
mrnt is conducted They now practi-
cally get interest, both upon the bonds
and their proceeds. No further use should
lie made of this method OF getting rid
of the surplus.
! REVISION OF THE TARIFF LAWS.
recommend a revision Of our tariff
| law both in its administrative features
and in the schedules. The need of the
farmer is generally conceded and an
agreement upon the evils and incUn'
veniencc to be remcdied and the best
methods for their correction will proba,
| blv not be difficult Uniformity of valu
alton at all our ports is essential and
effective measures should be taken to
secure it. 1t is equally desirable that
questions affecting rates and classified
tions should be promptly decided.
| The preparation OF new schedule OF
custom duties is Il matter Oi great deli
cacy because of its direct effect upon the
business of The country and the great
difficulty by reason ofthe wide divergence
OF opinion as TO the objects that may
properly be promoted by such legislation.
| Some disturbance of business may Vper-
hapS result from the consideration tthis
subject by congress, but this temporary
i'll effect will be reduced to the minimum
by prompt action.
| The necessary reduction in our public
revenues can, am sure, be made with.
out making the latter'S burden more
onerous than the larger BY reason Of the
disabilities aud limitations which the
process oI reduction puts upon both cap
ltol and labor The free list can very
safely be extended by placing thcrcor
articles that do not Otfel injurious com.
petition to such domestic products as
our home labor can supply. The removal
of the internal tax upon tobacco would
relieve an important agricultural pro
duct from burden which was imposed
only because our revenue from customs
| duties was insufficient for the public
needs.
INTERNAL REVENUE, ETC.
Ii safe provision against fraud can bt
devised the removal Of the tax upon
spirits used in the arts and in manilIac
lures, would also offer an unUblcctiona'
| BILE method of reducing The surplus. A
table presented by the secretary OF the
treasury. showing the amount oi money
of all kinds in circulation each year from
! 1878 to the present time, is OF interest
1t appears that the amount of nationa
bank notes in circulation has decreased
during the period S1l+, 100, ,729, u
which $37 ,799, ,229 is chargcabie to tiIt
last year.
The withdrawal of bank circulation
will necessarily continue under the exist
ing circumstances. 1t is probable thai
the adoption of the suggestions made
by the comptroller OF the currency, viz.
that the minimum deposit OF bonds toI
the establishment OF banks be reduced
and that an issue of notes to the paI
value of bonds be allowed, would helm tC
maintain the bank circulation. but wink
this withdrawal of bank notes has beer
going on there has been a large incrcaSt
in Inc amount OF gold and silver coin il
circulation and in the issues of gold ant
silver certificates.
THE SILVER COINAGE QUESTION.
think it is clear that if we ShoulC
make the coinage of silver AT the prcScn
rates free VIC must expect that the differ
ence in the bullion values Of the gold anC
silver dollars will be taken account of il
commercial transactions, and fear thi!
same result would follow any conSidcra
bic increase of the present rate of coinage
Such result would he discrcditablc Il
our financial, commercial, and diSaS
trouS to all business, interests. We cShoulC
not tread the dangerous edge OF such {
peril, ard indeed nothing more harmful
That it has been So recently formulated
the DIET ailS of such Il law require CarcIu
consideration. but the general plan SuE
gcs;cd seems to satisfy the purpose tt
continue the use of silver IN connection
with our currency, aud al t.c same tim
TO obviate the danger of which hav
spoken.
COAST DEFENCES
Judged BY modern standards, we dr
practically without coast dcicnCes
MANY If the structures we have woult
exhaust rather than diminish the peril
of their garrisons it Subjected to the fir
If improved guns, and very few arc solo
Gated as to give full effect to the create
range of such guns as We are now MAX
ing for coast defence uses This genera
subject has had consideration ncungres.
for some years, and the apprOprlatiO
for the construction of large riticd gun
made one year ago was, | am sure, tn
expression of public sentiment on TIN
question.
E lapprove the suggestion of the secrC
tarv of war that provision be made 10
enCanping companies OF the nationi
guard in coast work for a specified tim
each year and for their training in til
use of heavy guns. His suggestion tha
an increase OF the artillery force of til
army is desirable is also in this Cunnc(
ton commended to the consideration {
Congress.
SUPREME AND INTERMEDIATE COURTS.
The necessity of providing some NOR
, speedy method for disposing of the case
which now come for tiual adjudicatio
, to the supreme court becomes ever
year more apparent and urgent. Til
plan of providing some interm"diat
courts having final appellate jurisdiC
| tion of certain classes OF questions an
cases has, think, received a more ger
eral approval from the bench and bar {
the country than any other. Withou
, attempting to discuss details, | recon
: mend that provision be made for the e
I tablishmcnt of such courts.
REVISION OF NATURALIZATION LAWS.