The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-08-16
A NON-PARTISAN VIEW.
The Tnrin, Currency and the Duty Of thu
PaOplo Of Helena.

UuUVsO " Ah0S0u0s
To The Independent.
This present. crisis suggests The inquiry
not II one u IL . republican Or . democrat.
but IL 10 an American? II appears TO me
that the following policy would best con-
serve the interests OF tho American people:
First. Free coinaRs-This proposition
means the expansion OF our currency. de-
ysioEmsnt Of resources and consequently
bettsr times. To limit our currency with a
ing power OF a dollar and ~ q conssquenos
, depression In all values. Fee coinage
means of cou 80 the suspension Of the pnv-
chasing cinuss In the sherman act and tho
demand upon the United States treasury
second. Supporter tariff laws--Is is held
By sstublioans generally that the deprsss-
Ion OF our manufacturing Interests 10 caused
largely from q want Of confidence in the
prsaent decentralization and the absence Of
: dehned policy.
Congress should a. An carly day define
It, position on existing tariff laws or ap-
port at the regular session Of congress In
1894. This plan would eliminate for the
present the element of uncertainty to a
definite period. Az matters now stand.
manufacturers will not invest or assume
oblieasIen: Nth hi un,ser':inty a touch
AG0 > VC Iov0 tuI8 lltuU-
tratsd in the p:ioe Of Montana wool, which
last year commanded II cents per pound.
and this year IL to II, with ad-
vances not sxessdtnR eight rents per pound.
Ordinarily. manufacturers of hns yarns
buy their wool In advance. from ono TO
England the fasecc Il laid away in large
quantities, from one 10 two years. whore II
passes through . seasoning process the oil
being eliminated BY evaporation, IND IL 10
held that the dye not only holds better but
there IL less shrinkaRe In a garment made
from WOO! :s.sonsd IN this manner than
from wool In . green state. or wool taken
from q sheer. transported 10 The manufae-
tuners and then hurried back to the counters
Of the merchant. Manufacturers are not
accommodating stock. hence the demand for
wool IL limited and the Deprecated price ID
predieatsd upon an apprshensien OF a re-
aucsd tariff. Az before stated. let congress
fx upon somc definite time when II will
take up the tariffs. then dealers and manu-
faotursHs will ba able to make up their
estimates. In this connection q sentiment
should be created pledged to consume the
products Of home manufacture.
The immediate effect of this would DO
first, to keep gold that now goes ont as duty
o. imports. in the United States treasury,
Second. u would 10 stimulate home manu-
facturss 40 to awe employment to all labor.
and II every laborer could have three meals
= day II would not be long before the
one-ffth Of our farm products whioh now
goes - . surplus to Europe would have q
home market. and W would have less fac
~tuation In the price OF commodities. and
less frequently would the producer become
the victim OF the caprice Of the speoulator.
In the confederation Of the tariff ques-
ton my suRgsstions contemplate treating il
business principles.
Third. Restricted emiaration-It 10 held
BY the opponents OF q protective tariff that
the effect Is to concentrate capital into the
production OF the article protected. leading
to competition. then ovorprodnetion and
ultimately the reduction in tho prics OF
labor. 10 avoid this tendency congress
should onaot such laws ns 10 restrict emf
grafton to the minimum point. Both of
the dominant parties concede the wisdom
of suoh legislation. but mother. thus far,
has incorporated this belief into law.
seems to me to be practical. especially for a
small CITY like Helsna, and il adopted would
aid in restoring confidence. viz. an organ
ization or compact pledged. hrst, to aid the
banks BY deposits. and. second. to paw all
private bills with the least possible delay.
%sitates banking Institutions. What the
flour bar ell 10 to tho pantry, 30 are our
banks to tho pubic which they serve. and
to emLafrass a bank by simultaneous with
dEawals or the forced assignment Of some
of the most prominent aud wealthy citizens
in the community 10 simply to inject the
most poisonous virus into the welfare AM
commercial interests Of the city.
With The advent of better times this will
brsolre all the moro apparent, when local
developments are contemplated. to find the
very men and institutions upon whom the
community must depend to foster enter-
prises. crippled BY the unwisiom Of the
people or tho eelhshness of the individual.
The l%iquidatine ! over of a dollar when
set In motion 10 almost incnlculable. It
pays Tho physician. grocer. LAWYER and
laborer and the soil for pessimism becomes
sterile and unrroduotive. In times like the
present organization has the same effect as
the concentration of troops upon the 'wenk
point in line of battle. making il impreg-
nable. The organization could adopt some
badge and mcst likely com to have a mem.
be. ship equal to the adult po, ulation OF
the city. II would become a school OF sdu-
cation and cooperation In which every
citizen would have a opportunity to show
his colors. CITIZEN.
Engelhorn Helena Eusiness College.