Southern standard. (McMinnville, Tenn.) 1879-current, 1890-09-13

this tax falls-whether heaviest on |
the necessities or the luxuries. Wool
en- goods are taxed from 81 to So per
cent, and velvet dress goods so per
cent; calicoes 70 per cent. and satin
dress goods 80 per cent; molasses At
per cent. and fine wines 80 per cent;
grindstones Is per cent. and
diamonds free. Republican leaders
have been promising remunerative
home market as compensation to
producers for the taxes they pay on
the necessities of life. Senator Voor-
hees, in speech in the Senate, said:
'That thousands in the west owning
lands as rich as the delta of the Nile
are pointing in derision of all tariff
protection to their stoves and fire.
places as the only home market for
corn" Such destruction of bread
stuff as this in q land of railroads,
rivers and lakes, while the hungry of
other nations are furnishing for bread,
is sufficient argument in itself against
all tariff protection for projections
sake. The Mckinley bill, construct
ed in the interest of the manufacture
ers, shows that the republican party
intends to gives no relief to the con-
sumner. .....
We need revision of the tariff, so
thorough and complete thatafter pro-
viding sufficient revenues for the ex-
penses of the government not one dol
lar would be required as protection
to monopolies. The expenses of the
government mOunting to over $780,
600, 600, are collected in a great meas
ure on tariff taxation, while tariff for
revenue only would give sufficient
protection to home industries. The
tariff and its attendant evils are the
chief factors in the great republican
scheme of Capitalization. DR.
CONTRACTION OF THE CURRENCY.
Ofall the legalized wrongs ever
perpetrated by republican legis.
lation, the contraction. of the curren,
cy has proven the most disastrous to
all industrial interests. In 1866 when
the system of contraction began the
volume of currency was in round
numbers O00,0OO,OOO, which
amount, divided by the population
of that time, gave $52 per capita
Farmers were receiving 81 per bushe
fer corn, $3.50 to 81 per bushel fol
wheat, 6 to s cents for pork per pounC
and e to cents per pound for fat cat
tie; laborers received from 80 cent?
) to 81 per day and failures among
merchants were almost unknown
AT this time congress passed the Law
: authorizing the secretary of the treas
ury to sell $40 bonds and retire Unit
ed States currency. The next year
1867, was marked by 1886 business
failures. Year by year this contrac
, ton, by successive steps of legisla
ton, has gone on decreasing the vol
ume of currency while the popula
ton has been increasing, thereby in
creasing the scarcity of money ant
failures in business.
The republican leaders, protesting
a great love for the laboring classes
have continuously legislated agains
them and in favor of the bondholder
by making bonds payable in coin, by
l the demonetizing of silver, by tn,
D funding act, by the resumption o
/, specie payment and by refusing fire.,
!, coinage of silver.
The amount of the circulating me
}, dunn is variously estimated. TIL
\ best statistics do not show more thai
i 81, 100000 900, which amount distrib
= uted evenly among the increased pop
: ulation of 65,OO0,O00 will not Civ
v more than So per capita in actual cir
I culatiOn among the people, the pur
r chasing power of a dollar, owing t
: its scarcity, being so increased tina
'' it takes two or three times as muc
e produce to obtain dollar as it di
e when the circulation medium wa
e sufficient for the business of the cour
p try. Lands have decreased in value
f produce often pays little more tina
e the cost of production, wages hav
: steadily declined, and failures anon
J. merchants have increased in the r.
D. ito of to %, amounting in 1888
l. 1888. The democratic party stant
81 pledged to the expansion of the Gu
l. rency by the free coinage of silvt
& and to a paper currency convertib
es into coin at the option of the holde
proportional in amount to the popl
lation and business of the country.
q THE FEDERAL ELECTIONS BILL.