The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1891-12-18

canal 4 the most important subject nov con
nected with the commercial growth and proT
cs.s q sss wSissd s..,ss". ns.; @,inss,s'5|
- drawn upon this srees American pro3ect. :
and - Influential in its effects upon the prsstis'
aud prosperity u our common country.
SAvAssA ISLAND.
Tho i<land If NavaSaa. IN tbs West IndiaI
group has. under the provisions Of title y O
The Devised statutes, bsen r~ecognized By th'
Rrs ss ! = ss apnsFs asnna'ss . I, :n svs Unii e -, ss- e
vass. Phosphate Co. and occupied solely BY IL
Tss PRESIDENT details the rsos. there ana III.
resultant trials and convictions, together with
The fcsults Of ofdciAl Investigations and con
clndcs.
Irscommsnd lsgislstion that shall placs lshol
contracts upon this and other islands having TIN
relation that NavAs.x has 70 tho United States
and that shall provide, Il ths expsnse o. tbs
power 10 judge and adjust disputes and 10 en-
force . just and humane trsatment OF the ON
ploycs.
rSrERxArioSAL
International copyright has been secured. In
accordance with the conditions 81 the art Of
March Z. 1901. with Belgium. France, Great
Britain and the British possessions and Switzer'
a sna, ci ias : awi sS % i bsssst fo y eoeyI RssbR, as suS 6
stAntially the same basis A. their own citizens OF
subjects With Germany Z special convention
has been negotiated uron this subject, which
viii bring tina, country within the reciprocal
benefits Of our legislation.
uEB rRRAsURy DEPARTMENT..
The general interest in the operations Of the
treasury department has been much augmented
predictions which accompanied and followed the
tariff and other legislation Of the last congress
affecting the revenues. as 20 the results OF this
legislation upon the treasury and upon the coun-
Try On f6. nnA hand IL wn4 ruu<ldpr4<i that
imports would 20 fall on ~ 70 leave the treasury
bankrupt, and that the prices of articles enter
ing into the living Of the people would ,nd be 80 en-
and happiness: while. on the the other. IL was
argued that the loss 70 the revenue, largely the
result 81 placing sugar on the free list would bea
direct gain 70 the people. that the prices of the
necessaries Of life, including those most highly
protected. would not be enhanced: that labor
would have a larger market and the products Of
surplus and receipts would be adequate 10 meet
the appropriations, including the large excep-
tional expenditures for the rcfunding to the
states Of the direct tax and the redemption Of
the fl2- per cent. bonds.
OPERATION or rHz rARrpF LAW.
II Is not my purpose to enter at any
length into discussion OF the q,
fects u the legislation to which /
have referred; but a brief examination OF the
statistics Of the treasury and a general glance at
the state Of business throughout the country
its results have disappointed the evil prophecies
Of its opponents and in a large measure realized
the hopeful predictions Of It's friends. Rarely.
there been a time when the proceeds q one
days labor or the product Of one farmed acre
would purchase 80 large an amount OF those
things that enter into the living OF the masses
velop the fact that the tarif1act of the Fifty first
congress v very favorable in its average effect
upon the prices of articles entering into com-
During the twelve months from October /.
fSO. 70 September -. 1891. the total value Of our
foreign commerce imports and exports com
q any year in the history Of the United States.
The largest in any previous year was in isD.
when our amounted 70 Sl.tf1. lD.-
uj. and the last year exceeds this enor-
esting, and TO some will be surprising, 70 know
that during the year ending september -. lssl:
our impcrss Of merchandiss amounted
y more than shannon over a@''' the
value OF the imports Of the cor
responding months Of the preceding year, when
in anticipation Of the tariff legislation
then pending. The average annual value Of the
imports ~ merchandise for the ten years from
ISL TO lss0 was $da2, Isl. -. and during the year
exceeded by Sla2. 5ss .4p. The value Of free
imports during the twelve months ending Sep
tember ~, 1921. was silS.02.3ss more than the
p'as 4 tive twelve snpI months Ss''" x Tn the sI prs.
seeding years. and there was during
the sans period q decrease Of sl06. $40.
iise. The percentage Of merchandise admitted
free 81 duty during the year 70 which have
reference. the frst under the new tariff. was
IS. while during the preceding twelve months,
Increase Of 1921 psr cent. II we taxa the six
ending september - last, which covers
The time during which sugars have hs~sn admit
rhandise imported free OF duty i found to be
1911. which Is q larger percentage OF free i'm
ports than during any prior fiscal year in the
u merchandise the statistics are full Of graf
The whole Of such exports Of mcr-
for the twelve months ending Septem-
5p. 1881. was <Hs3, @ LJJ. while for the cor
Is1.ll5. An Increase Of So. ali. 0Zl. which is near |
" three times the average annual increase Of
Exports u merchandise during any year in the
value Of exports Of agricultural products during
he year referred 70 over the corresponding
twelve months prior was s5.ss6. lss: while the
mere, n9rsrs rrd y the wal vsia ga e Il exports ss Of manufac'
The report Of the secretary Of the treasury
that the total receipts Of the govern |
nent from all sources for the fiscal year end
I7i. Is. leaving a surplus Of $57.e9. s62.57.
The receipts q the fiscal year ending June %,
he expenditure 500 on. o6' For the fsca, year
ending June %. 1893. the estimated receipts are
s6 -350, and the expenditures Sal. 3d,0o8.
THE SILVER QUESTION.
Under the law Of July IA. 1890, the
Of the treasury has purchased
'ince August -. during the fiscal year. ss.p3 ll3
ounces Of silver bullion. 1t an average cost OF
y, per ounce: The highest price pad during
exchange for this silver bullion there have been
issued &50.5D 49, Of the treasury notes author |
zed by the act. The lowest price Of silver
-eached during the fiscal year was N9633. on
April e. 1921; but on November ] the market
price was only S096. which would give to the
dollar Z bullion value Of 74is cents.
Befcre the influence Of the prospective silver
sorth in New York about Oo3 per ounce.
The ahlest advocates Of free co.nags in the last
congress- were most confident IN their preiic-
ion that the purchases by the government
by the law would At once bring the
price Of silver to u -2Hzp per ounce. which would
make the bullion value Of . dollar 100 cents.
and hold II there. with prophesies Of the anti
we Of s2,NW,m per mouth were not wider Of
he mark. The friends Of free silver are
not agreed. l think. ~ to tho causes
hat brought their hopeful pzt-dic-
ions ~ naught. some facts are known. The
Exports Of silver from London 70 India during
he first nine months 81 the calendar year fell
80 per cent. or S1s .a2. ID, compare with the
'ame months Of the preceding year. The ex-
pOrts Of domestic silver bullion from this coun-
which has averaged for the last ten years
yver ST. uD.uW. fell. In the last fiscal year. ~
,l3.r s .;Sl: while. for the first time IN
recent years. the imports OF silver into
M country, sscesdsd she exports by
rear the net exports ~ silver from the United
Amounted IL ~ Str AZ The prnIurfion