New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-06
TIE SOCIAL SCIENCE ASSOCIATION.
THE CoUNTRY's FINANCIAL REcoRD-HENRY
GEORGE on THE slNGLE-TAx DOCTRINE.
IBr TELEGRAPH TO THE TRIBUNEl

THE COCNTRY'S FINANCAAL hECOHO-h In ny
cEnRGE on THE sINGLE.TAx DOCTRINE.
far TELEGRAPH TO THE TRIBUNEl
Saratoga Sept 5.-The American Social Science
Association today considered matters in the depart
mon, ~ finance and social economy, the opening ad-
Ares, being made by John p Townsend, Of New York.
The tonic selected by Joseph T. Brown. OF York,
for his paper the progress OF the financial credit OF
the United States Government since 1861 The his
torv Of the credit the Government during the period
named /, a record of experiment I'm the absence Of
nreceden, of financial measures of great magnitude,
s.av devised TO meet imperative and unforeseen
,,nrencies OF many mistakes, hut more successes of
atient and patriotic endurance by American citizens
m. Administration OF President Buchanan was I'M
enrnpa.c in its financial record: panics and muterngs
A coming disunon and other disasters caused clouds
~ Gather and I'll. National debt more than quad
ruplcd during his term of oice. ON the eve Of war
,r.ora,led In magnitude the Treasury ideally
h.nkrpt The speaker traced in lucid and an In
..,..,pc manner the financial operations of the sue
...dine Governments until the present time. The
.rnic debt statement for July 81. lsoO.exhbits only
zoo 7oo 600 interest bearing debt and total In
s,,cdness less cash in the Treasury. OF $S763s8 600
IT.. a reduction from the highest point in twenty
s,e wears Of Sl,7sO 042 900. average Of over
20 ooo 600 per year. Mr.. Browns narrative pre-
1900 A record Of faithful performance of public obi
,.t,on unparalcle, in the history Of nations and IT
.s small remnant OF the cost Of preserving the Federal
Union shall or shall be entirely paid of before the
olose OF the present century
The members of the Social Science Association ad-
sourned after the reading Of Mr. browns paper to the
Cn,rt of Appeals room at the Town Hall, where the
s,h,ect of "Singlc Tax was discussed. The first
speaker was Samuel Il. Clark. Of NewYork. who was
followed by Dr. W. T. Harris, Of Washington. D. c.
Next came Professor j. B. Clark Of Smith College, Pro
lessor E. r. sengnan. Of Columbia College; w. Lloyd
Garrison and Edward Atkinson, OF Boston, AT tho
close OF the last speakers remarks Henry George gave
+. ten minutes, address on the subject advocated by
him.
The closing paper Of the session was read by Everett
p Wheeler, Of New York, at tho Town Hail. upon inc
subject of New Aspects of tho American Tariff. lie
FIRST reviewed the economic condition OF the eouhtr!
hcore the war and of the great changes in Its material
conditions which have been produced by inc CROWN
of the Nation and by mastery over the forces oil
nature which modern science has given 10 man. l"o
speaker discussed at length the measures ADVANCED anu
carried ont by Alexander Hamilton IN regard 10 u'e
thrift ouestion In his review OF the economic history
Of the United States during the first century OF It's
National existence Mr. Wheeler showed that the cohoi
tons which led Alexander Hamilton to advise the I'm
position Of duties imports have long ceased TO exist
ha; the promises which he then held out OF nnres'V
"A commercial intercourse between America and other
countries ought to be realized. ana that "e con-
nuancc Of the contrary policy IS as Ia'sd W VIC 'e'
prosperity of the great body OF the people as ~ uo
structive Of political morality Tho marcus oi 'no
world are at our doors said the speaker fair share
NJ the commerce of the world is within our grasp but
the dread OF competition all sides deadens our enter
pnsc Machinery. the most ingenious in the worid'
has changed all the conditions Of industrial pro-
duction We need only TO open our ports ana COZ.
cont =" trade with other countries, importing their
material, and exporting In return our maluaI turca
nCsucs to reap the reward OF our skill ana lh0u'-
- ,yrh ts nO,G denied u.s.
senator Fa>sett last night received graceful COM
nllmcnt from tic American social science A>eo'ia.
lion now i'm session here In the coursc OF paper
cn Recent Prison Legislation In New York Eugene
smith declared that the new law OF when T.
advance vet made in prison reform. This deciara ION
drew flth much applause. and the Senator was cansd
upon !. make n speech but Mr.. FaSsett could not De
found lie had mOdcstly retired and kept out OF the
way Of those in search Of him.