Chariton courier. (Keytesville, Chariton County, Mo.) 1878-current, 1894-10-19


Just passed. In proof Of this he said
the Republican party had passed
every law found In the national
statute enacted from 1851 to 1893.
The cause OF the financial panic was
the export OF gold which began in
December, 1892, three months before
the close rf Mr.. Harrison's admins
tration, when $36, 900. 900 was sent
from New York, and which increase l
In volume for months succeeding.
This was the beginning OF the slack
Of confidence" which caused large
amounts Of money to be withdrawn
from circulation. and as result q
shrinkage OF values followed. Before
this panic there was per capita cir
culation OF $24, but the withdrawal
OF the circulating medium continued
till there was in actual circulation oil
but so cents per capita.
Canada, which has different a.
nancial system, during a panic in
creased her circulation from $2S per
capita to $3S per capita.
He said he was willing to stand by
the record the Democracy had made
since coming into power in 1898.
favoring the masses and not the
classes. The last Democratic con-
gress had passed more bills in the
interest OF the masses than had all
the congresses since the revolution
The income tax feature OF the new
tariff law was taken up, and shown
To pc q tax on wealth and upon a
class of persons who were most able
to hear the burden oftaxation. The
Republicans passed such a law fol-
lowing the war and realized good re-
suits from it. Having collected for
the government on that one item
$2Os. 100000. Subsequently the
plutocrats objected to the law and it
was repealed. Ii is estimated that
this new income tax law will bring
TO the government $2s, 900, 900 an
nually. Another principle Of tax
alton was that one should pay taxes
in proportion to what he calls on
the government for in the way OF
protection. The more wealth one
had the more protection he wanted
and the more taxes he ought to pay.
The law passed by the late con-
gress taxing greenbacks was discus
sed az a righteous measure.a as it pre-
vented the tax. dodger from con-
verting his gold or other money into
greenbacks the day before the asses
sor came around and by this means
avoid the payment OF taxes,
though he may be possessed OF his
thousands. de showed how So 900
in greenbacks would shield hundreds
of thousands OF dollars from tax
alton, which could not be done under
the present law.
The speaker showed the effect of
the free wool schedule to be as fol-
lows:
First, to increase the price OF do
mestic wool. Second, it would de-
crease the price of woolon goods 81
per cent. and increase che excellence
OF the wool product 800 per cent.
Shoddy wooden mills that manufac-
ture cloth made in a large measure
from rags are shutting down. and
mills that manufacture a superior
article OF wooden goods made from q
mixture OF domestic and foreign
woods are starting up, aud will soon
have an output that will equal the
OF England, at a less
price than shoddy goods are sold
now.
Concerning sugar, about the same
arguments were used as have fire.
qusntly been mentioned to chow
that sugar will be cheaper under the
new schedule than under the McKin-
ley bill, yet come $40.O00,00o will
be realized TO the government under
IT'S operations where nothing was re-
allied under the Mckinley law. He