The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-09-12

country. We have promised to maintain the
parity as Il gold and silver country OF the
two metals, and make all the dollars which
have the government stamp on them or
the credit of the government behind them,
equal to each other for all the purposes
of money, and this must be carefully con-
sidered in our legislation and the pledge
fulfilled
But we cannot" said the general en-
phatically, "demonetize silver without i'll
furious results to the business of the coun'
try. If 1 can judge by the. votes and
speeches made in congress during the dis
purchase clause in the Inflated Sherman
act, this will not be done. Silver coin Is
holding it's own in other great nations and
it would be employed in great QUANTITIES
in this country if legislation would en-
courage or compel the use of silver change
50 that it would become Il necessity in the
countless transactions OF commercial me-
'As to any delays in legislation this re-
is very pertinent: 1T is OF the utmost nm
lance that such relief as congress can az
ford in the existing situation be afforded at
once" This remark applies to the wnoie
body of the reform measures ana II c"lisie1S
will remain in session ana proceed WIN
calm debate and actual legislation so that
thn neonlp can see that the
government is doing its part I am perfectly
sure that the times will at once brighten,
confidence will be restored and the people
it is The pressure has now come upon
thousands of workingmen, and to be sure
it hurts when it strikes that numerous
class, for they must have umly laoor aho
weekly pay in order to live.
The Repeal OF ,ne Zen Per Cent Penalty.
Coming on down through the demands
of the democratic platform, General Evans
has decided views the efficacy Of a good
state banking system. On tins point he
spoke pertinently and to the point.
n
begun, that what is called the money
power should not be lodged solely with the
general government to the exclusion "1 the
sta as. The states should ENJOY some
thing of that moneyed influence without
the present prohibitory tax, and so democ-
racy has declared. Ii the federal govern
ment has the monopoly the result Will l., be
the destruction of state sovereignty. Inc
money power is inclined to be despotlc'
whether in the hands Of individuals or gov
ernments. We have nothing TO dread
more than the ability of men ito corner
money under the forms of law. therefore,
it would be Wise to distribute this power
so as to create many ccnters under our
control and to our advantage, instead OF
suffering by the dangerous use OF the one
center despotism The abandonment OF
reformation of the national banking system
is properly Il matter for future cohslderl-
ZION Able democratic fnancers may re-
adjust the system so as to H!alltaln ma
tional currency without retaining the OBJ
jectionable features Of the, present act.
The present facility under the act to pro-
pressed The 10 per cent tax on state
banking should be repeated; Some relef
would come by authorizing the use of cur
rency to the full face value OF bonds and
by allowing any citizen who would purchase
the bonds to have them registered and re
ceye currency to the amount OF their face
value | do not know that much OF this
would be done here, but do not see any
danger in granting the privilege. The
main thing is the repeal of the 10 per cent
tax. for it is perfectly evident that the
volume of money is not sufficient Tor the
business of this country, and cannot be
under the national banking act; We are
a nation of fortyfour nations. dong bust
ness with each other, and this immense
interstate commerce is equal to the trade
Of several European kingdoms. we must
meet our expanding demands for currency
and not commit the japanese act OF hara-
kiri by ay measure that VIII produce con
traction.
The Income Tax.
This tariff question involves that other
matter of the income tax. Ii revenues suit
ficient for economical administration OF
government cannot be raised by duties the
deficiency must be met by some additional
mode of taxaton-and the income tax is
as fair as any other. But | think, although
| may be mistaken, that under Il falr,
equitable tariff continued with occasional
adjustments 10 new cOnrAlioliS us thtA
arise. the duties imposed will produce the
money needed The laws of commerce will
operate so as to cause that result. The
high protective tariff, you know, creates
a bar in our ports over which foreign
goods cannot come aud thus revenue shr1nkS
and at the same time the consumer at
home will be paying high prices for goods.
But where the duties are low and fairly
placed at the proper mark, then the chan
mel of foreign trade remains open, prices
are Kept Ut the proper rate and the reye-
nue. is raised. If tariff COM
mission composed of experienced congress
men and others would be charged with the
duty of supplying the data, the table of
duties could be regulated from time TO
time with no fayoritisIm in view upon the
simple principles here indca ted. | can see
that the income tax might not become
necessary. But it is fairer to all to have
an income tax than il is to have an unjust
tariff. SO far as i am concerned | would
be willing to take the income and pay the
tax. 1t will afford me Il pleasure to relieve
few distressed milionaires by assuming
their taxes and enjoying their income.
Under this mutually agreeable arrange
ment | could pay the tax and have some
thing left to live on.
There Never WA Better Time
to get we'll than now. If you afflicted
write DR.. w. J. Tucker, Atlanta, Ga, Pam
phletS and question Hist free.