Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1891-12-10

the farm advanced prices; while tho treas
ury surplus and receipts would be adequate
to meet the appropriations, including the
large exceptional expenditures for tho ro-
funding to tho States of the direct tax and
the redemption of the four and a huf per
cent bonds.
1t is not my purpose to enter at any
length into a discussion of the effects of the
legislation to which | have REFEREED but
a brief examination of the statistics of the
treasury and general glance at the state
OF business throughout the country will, |
think, satisfy any impartial inquirer that
its results have disappointed the evil pro-
phecles Of its opponents and in large
measure realized the hopeful predictions of
its friends. Rarely, if ever, before, in tho
history of the country, has there been u
tmo when the proceeds of one days labor
OF the product of one farmed acre would
purchase SO large an amount Of those things
that enter into the living OF the masses OF
the people, ] believe that a full test will
develop tho fact that tine tariff act of the
5lst Congress is very favorable in its aver
age effect on the prices Of articles entering
into common use During the 10 months
from October ], 1890, to September 80,
1891, the total value OF our foreign com
merce imports and exports combined) was
81, TAI, sos 40S, which was the largest of any
year in the history of tho United States.
IL we turn to exports OF merchandise the
statistics nre full Of qualification. The
voluo of such exports Of merchandise for the
II months ending September 60 1891, was
1923, 091, 1875, while for the corresponding
previous II months it was $3.50, III, 10, an
increase of 500, 914, 021, which is nearly
three times the average annual increase OF
exports OF merchandise for the preceding 90
years. l think there are conclusive evil
dences that the new tariff has erected
eral great Industries, which will, within a
few years, give employ ment 70 several hun
dred thousand American workiDgmen aud
women. IN view of the somewhat over
crowded condition OF tho labor market of
the United States, every patriotic citizen
should rejoice ut such a result
Condition of Finances.
The report of the secretary of the treasury
shows that the total receipts or the govern
ment, from all sources, for tho fiscal year
ending June 30, 1891, were |43S, jli, 233. 03
while the expenditures for the same period
were 1921, 264, 40 I6, leaving "A surplus Of
$31, 300 1913. 81. The receipts of the fiscal
year ending June 80, 1891, actual and esti-
mated, are 1888 000, 900, and toe expen3i-
lures 500 O00, 900. For the fiscal year
ending June 30. 1891, the estimated receipts
are 500, $50, $50, and the expenditures
SAL, 300 O93.
Under the law of July II, 1890 tho Sec
rotary Of the treasury has purchased since
August 10, during the fiscal year Is, 1913, 10
ounces Of silver bullion at an average cost
of 81. 0iJ per ounce. The highest price paid
during tho year was 81. 2O2J, and the !ow-
est 80. 0G36. In exchange for this silver
bullion there have been issued $50, 81, 499
of the treasury notes authorized by the act
The ahlest advocates Of free coinage in
the last Congross were most confident in
their predictions that the purchase by the
government required by tho law would at
once bring the price OF silver to 81 - y per
ounce, Whlca would make the bullion value
of a dollar 100 cents and hold il tnorc. The
pIop4tcies OK the ant.-silver man of disasters
to result from coinage of ~, COO, 600 per
month were not wider OF the mark. The
friends OF free silver are not agreed. think,
rs to the causes that brought their predic-
tous to naught.
The government is now buying and putting
aside annually "a 900, 600 ounces of silver
which, allowing for 7,140 600 ounces OF
new bullion used in the arts, is 600, OOL
moro than our domestic product available
for coinage. | hope tao depression in the
nrice nj liver is te,rnororv nrd tb,t n fur
ther trinl of this LEGISLATION will nora favor
ntYect if That the increased voInne nj
currency thus supplied for the uso OF tho
people was needed and that beneficial re
suits ,,non fra ,e and uricas bovo roIlo,go,
mis- lerislntion think must ba very cIao,
IN ev.rv una
Jrnon tbis suhiact 30 unor H., +or;r
INV recommendation is Tint tina sristi,,, Ia ,y
Iva given n fuIl trialand tbot our hn.iro.,
interosts ba snarol In. distr.s.i,,r ;,G,,o,,o,
which threats of rodicoI chopcos o1,yoy, IN,
,,r+
oud a., rro Co,.
am sun Oh Tue oPinloh tnaV .he Tree com
age Vi s4''e ut,uei eN'''ins cohui liohs "ouil
u''as'fousiy aAeo. our BUSINESS interest
nome anu aoro"u' we eou'u n'l nope u
MAINTAIN an equ"iVS IA lno purchasing
power oi VAe soiu anu s'lFer uo4lar IN oui
own markets. anu III foreign traue 1he stamp
gives no auaeu value 10 the puliion contain
eo III COINS Inc producers OF the country
is iai inei' anu 1aooieis' naFe one hi8Hes
in'o'Is, 'uu' every uo'lnr, paper OF com
issueu ny Tue government SuaiI De as gooc
goou as any oVher. IL theEe Is one le5
/ ~ "a n