The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-12-12
OUTSIDE OPP IONS.

OUTSIDE OPP IONS
When the ideal tariff is enacted II will
be strictly tariff for revenue and not a
tariff for tribute. The first idea Of tariff
taxes and the last should be the necessity
Of the government for revenue; the per
cent. then Of the taxes imposed would be
the per cent. Of protection and 1t would
be incidenta, to the necessities Of the gov
eminent. There would be tribute in
this. The necessities of the government
for revenue would always be equal to the
difference between the rates of wages and
the interest of money in our own country
and in most of the countries that compete
for our markets.-C.eve.and Plain Dealer.
During the tariff debate in the senate
last summer Senator Sherman declared
that sugar can be produced more cheap.y
in this country than in Europe notwith-
standing the difference in the cost of labor
here and there; and there is no doubt he
was right. 1t is really because of the high
er wages paid here that sugar can be pro-
duced cheaper just as iron and other prod
ucts can, owing to the greater producing
power Of well-paid operatives. Senator
Sherman was not the only republican who
took this ground and he and his associates
ought to render valuable assistance in
meeting the buff Of the sugar trust.-De-
troit Free Press.
The establishment OF such permanent
(strike) commission would doubtless be
capable, If vested with sufficient power, Of
eXerting a beneficent influence in averting
and settling disputes which have so often
caused incalcu.able loss 10 the community,
and in fixing the responsibility where it
belongs in case Of a failure to come 10 an
amicable agreement. 1t Is doubtful. whether
the preselt congress viii take positive ac-
ton on the recommendation of the arbitra-
ton congress, but it Is a subject which
may wei engage the most careful. consid-
Grafton Of the new congress when it con-
venes a year hence. and il is one which is
destined to press with over-increasing
urgency for solution.-Freeman's Journa..
Thomas F. Bayard was not, in the
cages opinion, "honored" by being called
70 the craftsmanship of the Scottish chart
tab.e corporation in London at their two
hundred and thirtieth anniversary At
least. he not "honoTed'' for any of
the reasons current in Great Britain. Those
reasons are given about as follows: Ears,
marquises, dukes and even royalty have
been intrusted with the function which the
American ambassador fulfilled on Friday
night" The function may have hOnored
the other fellows, but the fist which most
Of them made Of the function compared
with the mora beauty and intellectual e!e-
walton Of Mr.. Bayard's action in 1t makes
the English remark most infelicitous to
American minds.-BrOokiyn Eagle.
What is needed is some moderate and
conservative measure which will give full
and free opportunity for all honest and
effective discussion, but will put a per-
emptory stop to the proceedings Of a fill
clustering minority which may want to
check legislation indefinitely. The truth
Is that the present parliamentary rules Of
the senate, while nominally permitting free
discussion, actually stifle the spirit of real
debate and reduce The deliberative pro-
ceedings to a talking match against time.
The adoption Of some reasonable method
Of limiting debate should tend, logically,
to revive it. Such a measure would at
least restore to the senate some of the
dignity and public confidence which it now
lacks.-Chicago Record.
Hence the circulation provided for by
Mr.. Carlisle's national bank scheme, ex-
elusive of gold and silver circulation,
would be $1,02l, 100000 less government
redemptionS. which amount to little, in
the place of $707. 100000 (S5O0, 900 gov
eminent paper and 1907 100000 national
bank notes., an increase of $314 500 000
This would afford ample elasticity for
years to come and would remedy the more
aggravated currency evils. But this null
tlplcation of schemes in the secretary's
report suggests once more that the whole
subject should be referred TO q monetary
commission. If Mr.. Carlisle can invent
several hundred congressman invent, to
the confusion of mind and the prevention
of action? IN. Y. World.
We have over $500, 900, 900 of paper in cir
culatiOn today that is redeemable in gold,
although a large portion of IL calls only
for the payment of silver dollars in its
but the stability of business
as well as a reasonable construction of
the law, requires that the government
shall maintain at parity its gold and sill
yer issues, and that requires the redemp-
ton of our silver notes In gold when de-
manded by the holder. This impracticable
financial system makes 1t impossible for
the government to maintain gold reserve
sufficient to inspire absolute faith IN It's
credit. 1t is at the mercy of speculative
combines which may at any time drain
the treasury of its gold, compel the issue
of bonds to resupply ii, and then again
immedia tely draw it out Of the treasury
This cannot continue Indefinitely without
peril to the business interests OF the coun-
try, and the present session of congress
should adopt some safe, conservative meas
ure that would cause no CONFUSION IN
business or finance, and that would grad
ually end the government as banker,
and give the people perfectly safe and
ample circulating Observation-Disclosures
Times.
None OF the advocates Of government
control or ownership OF the NICARAGUA
canal satisfactorily explain how they are
going to avoid the prohibition of such con-
troll or ownership in the Clayton-Bulwer
treaty OF 1850. The subject of this treaty
is the relations of Great Britain and the
United States TO any canal-she Nicaragua
canal especially-which should be cut
across Central America TO make way for
ships from the Atlantic to the Pacific. In
that treaty both powers agree that the
projected canal shall be a neutral high
way, and pledge themselves to maintain
this neutrality. The United States prom
Uses that 1t will not "obtain or maintain
for itself any exclusive control over the
said ship canal nor acquire ANY rights
or advantages in regard to commerce or
navigation through the said canal" which
the citizens of Great Britain do not pos
sess, and Great Britain makes the same
promises of abstention. on her part. In
addition both parties promise that neither
will blockade the canal in time Of war
against the other and neither will capture
It. Both powers promise co-tointly to pro-
tect the interests of the canal builders and
the canal itself. and TO keep il open as an
waterway for the commerce