Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-07-28

AOAh4 VIC 4hAnk NoG0O0 AAbC1
Silver is Disposed of.
New YORK. July 27.-The Worlds
Beverly Farms, Mass, special says;
VIM. c. Whitney, ex-Secretary OF the
Navy. talked TO correspondent to-day
upon the financial situation and It's re-
latioR TO the approaching session OF
Congress. Mr.. Whitney had read the
statement OF President Clsveland's po-
sition and the Interview with ex-Presl-
dent Harrison. lie said:
"It is scarcely necessary for me to say
that / heartily iBdorse Mr.. Clevsiaud's
policy urging the repeat OF the Sher-
man law asa preliminary 70 tariff re-
form. do not see how there can
reasonably be two sides 70 that question.
However small may be the actual IN
trinsic effect OF silver purchase upon
the currency there can be no doubt or
apprehension OF such effect Is the drst
cause OF the existing lack OF confidence
In business circles and the conse-
quent widespread financial distress.
IL the country is not being drowaed In
silver food, il Is Al any rate being
scared to desth by the fear OF sHch a
deluge. Either way the result Is disas-
trOus.
"The first thing TO be done is TO shut
OF whatever food there is, be 10 big or
little, and stop the scare. There can
be no doubt that the absolute aud un-
qualified repeal Of the sherman law
would do this Even Mr. Harrison I'm
pllcItly admits as much. agree
with Mr.. Cleveland that simply repeal.
without amendment or substitute, Is tho
only thing TO be considered now.
"l}ut do not wish 10 be regarded az
considering the repeal OF the Sherman
law as permanent cure Tor our national
Ills. look upon repeal as palliative,
not panacea. The currency question
is not the most vital one with which we
have to deal. The poison lies deeper
No temporary anodyDe Of tnepcial leg
isation will eradicate II. ~ silver
scare will not be long over before some
other scare viii begin. unless We 20 90
the bottom OF the trouble and get the
business Of thu aud industry OF
the country of the artificial
basis upon Ydiahit Is being
conducted and upon solid gFo6h,
The country's prosperity will never
permanently established while an "a.
nual tax OF three or four hundred mill
lions is laid upon It's industries. No
matter what disguise IL may assume our
present tariff system is essentially tax
upon the producing and Industrial
classes. The national government Is
- 49, - .af 80
but upon consumption. The tariff is
assessed, not upon what men
own, but upon what they
eat and drink and Awear. II Is
too largely a per capita tan Under 10
IL Is easily possible that a.scofynan with
a large family may be DO cOSc fllcd 10
pay more taxes for the support OF the
national government than an econoulc-
al millionaire with only himself 70 kee.
An average man 10 the middle and low.
er classes, making income basis Of
classification. spends say rs per cent Of
his income for food and clothing. The
average rich man cannot spend over
per cent. OF bis income for tho same
purpose. National taxes being levied
as they are, the general mass OF tho
people, the producing and Industrial
classes, and the great body OF mer-
chants, trsdesman and professional
men, pay fifteen times a. much tax ln
proportion to their means ~ The rich
man. There lies the secret Of national
distress.
''The only permanent remedy is 10
readjustment Of the great burden OF
taxation and equallzlng the pressure
upon all alike. Other countries dol This.
There Is SnO reason why the United
States cannot. Upon the strength 0f
that pledge IL came into power. Tour
wears before the Republican party
had promised 70 revise tho tariff aud 10
the faith that revision would be m
line OF reduction and sn equalization
of tax burdens the Deonle
elected Mr.. Harrison. The RepublI-
cans fulfilled their promise ~
passing the Mckinley bill. Increasing
tho tariff and perpetuatInR rs iaequafi-
ties. The next election Practically
wiped the Republican party ~ then eDn-
stltuted out OF eIistenee. The Ackie-
ley blli mistake Of the kepuDlitaDs
would be no mere Qnib0ls comD1red
with the monumental folly Of which
the Democratic party would bf guilty
should IL ignore the issue upon bhlch 10
elected Nr Cleveland. Wbsn tbe Dem
ocratic sheep take 90 following Re-
publican shepherds we msyI expecs
them 20 accept MF. Harriso6'k adylccs
and acknowledge that their principles
are much mistaken ones.
$50 long as Mr. Cleveland sDd
present advisors lead the 1ocK thsFe 70
no dsnger OF such catastrophe.
"The silver scare once 0ut OF the way
there should be no delay about tarih re-
form. II the regularly elected repre-
sentatlves Of great majority Of 81 peo'
ole OF this country chosen after ois.
eusslon running through years canno,
be trusted 70 bring about taflB
reform 10 c0nsergatiYe 1ns
cious manner safeguarding 70
greatest possible extent estsoiisneo
terests were those Interests are no'
imlcal TO the public welfare hyi
lican form Of gossrnment y ~
on course. there will become iff
about II; men and industries "hie1
tbrIyed on goyernneptsl ias'
hound 70 suffer where that
Withdrawn. 20 matter noH
the withdrawal IL Affected.
OF beating cd a.biebwAy
eanse unpleassnt inspifatlo
We therefore submit 70 os'