The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-12-27

questions upon which the two narties
ulfIer," replied the Senator. The tariff
should, | think, be made the principal
issue, and IT the question of s liver enters
INTO the campaign it should be secondary
10 the tariff. l don't think the Democratic
party should taks up the silver question
LOT consideration at this time. 1t certainly
should not put a plank in its national plat.
form 1avorlng free coinage. | doubt very
much whether we nave anything TO gain
from the silver states. They are naturally
hepuolcan and will vote the Republican
tcket In any event. This has been the re-
! SUIT IN all past campaigns. do not think
the majority of the business peo-
pie of the United States are
IN favor of further Legislative
interference with the currency at this
time, and some of the propositions sug-
gested are full of danger to the country.
Lac Tree coinage Of the American product
ol SILVER, as proposed by some, would GER
fanny be worse for the people generally in
one respect, at least, than any plan vet
adopted, as that would donate al the diff
ference between the coinage value and the
Dullon value OF the metal to the owners of
mines and spectators in mining stocks in
stead OF to the government, making them
a present IN fact from the people of the
Oulleu states OF a great many million dol
lars every year. From February 2S. ISIS
VIZ ASS0lhpllOu VI Tue coinage
OF the silver dollar, to June 80, 1891. this
dlHerence amounted to nearly SD. 600. OOO
when mas gone into the treasury to the
credit OF the taxpayers of the country or
course II the government receives bnllion
from tue owner, coins it free of charge
ano gives him back a stamped dollar for
every ol grains of pure silver. the bullion
owner will receive a very large sum ovor
and above the commercial yalue of his
product IN the markets of the world. The
changing of the ratio from sixteen to one
to nfteen and a-half to one, as PROMISED
by Governor Hill, would be worse than
Tree coinage under our present ratio ana
forward
asked.
II believe that every dollar in circula-
tlon among the masses of the people should
De as good as any dollar that circulates in
financial circles, or forms the basis of orr
trade, domestic or international and il
seems to me that we had better let the
matter stand as it is now, for the present
at least, and see what the future may de-
velop. l think the principal commercial
nations OF the world ought to JOIN in a
monetary conference and Tx an interns-
tional ratio. If ali the commercial nations
were to meet and decide that any quantity
Oh silver should pass and be received as
money at a certain value, it would of
course be good for that amount in their
trader,
The capitalist can always take care of
MS own interests when changes occur. or
are about to occur, in the relative values
OF the Inherent kinds of currency in circu
Iatlon, because he can, in anticipation O.
such changes, convert his money at any
into the most valuable kind of cur /
rency and hoard 1t, in order to realize the
nrpmlnm yUhita tho 10 haya.s -
the people generally, nave nothing to
n are compelled to receive from
day to day In payment for their labor and
It's products just such money as the law
makes legal tender, whatever it nav be-,
THE TARIFF AND THE MCKINLEY LAW.
How about the tarifl'
The tariff plank IN the next Democra tic
platform ought to declare in favor
OF Just revision and reduction OF tariff
taxation, with due regard, of course. to the
of revenue and to the industrial
as it has grown up under the ex-
listing system. Theoretically, | am a free
trader, because | believe that all taxes are
necessary evils, but it will be a along
time before we can have free trade in this
country. We must approach it gradually. |
step by step. If ii were an original cues
ton the situation of course, would be diff
ferent, but we have to deal with artificial
duu CdunOl Expect 10 !
complete reform by a single measure of
legislation
Then you believe that we will at some
time have absolute free trade!"
Hardly absolute replied Senator Car
Isle, though very near it. We will al
need a certain amount of money to
carry on the government, and we must al
impose taxes of some kind to paw its
expenses. But my idea of a good govern
is one which accomplishes its pur-
poses with the least possible taxation upon
the people. Not only should the rate of
taxation be as small as possible consistent
the raising Of the necessary amount
revenue, but the burdens of taxation
should be distributed as equally as possible
the people according to their ability
to bear them. Our present system of tax
alton violates both of these rules in the
most fragrant manner"
Il suppose the Republican party will
want to make a fight on the Mckinley
TARIFF"
Yes" replied Senator Carlisle. s.bpt
they will ind that law much more uupop-
llar than they suppose. The east is grad
tally coming to tariff reform as embodied
n the Democratic idea. New England js a
,reat commercial as well as a great manu-
'acturing country. 1t wants free raw ma
lerial to work with, and it wants fewer re-
on its commerce.. New York
carried for the Mckinley tariff
md the northwest and the great states of
he west are not for it. Ohio, it is trne
Mckinley governor, but In the