The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1894-12-04

Assed 10 1854 appointed Ia July last Hon
| Keen OF the state Of New York and
| Non Nicholas Worthin gton of the stats
| of Illinois 20 form with Hon Carroll ~
wright commissioner OF abor. who was des.
| iEnated by said statute a commissioner Tor the
I purpose % making careful inquiry into tbe
[ causes OF the controversies between certat,
railroads and their employees which had re-.
suited in az extensive and destructive
l strike. accompanied by much violence md
dangerous disturbance with considerable ioss
OF lie and great destruction OF property m.
| report Of the comm. .ssl0uers haS been sub
mItted 10 me and viii be transmitted TO con.
gres- with the evidence taken upon Their iu.
Ne,tiratiou Their work has been well done
aud iheir standing and Intelligence give AS.
surance that che report and sugses stions they
make are worthy ot careful consideration
Tsrin Amendments Urged
Tho tari1 act passed 40 the last session o.
congress neeis mpor ant amendments u 10 Is
executed eTeciIvely and wlth certainty Iu al.
dt'on DO such necessary amendments a. will
not chan -c rates ~ duty am sfI.l very te.
! cluctiy iu favor % putting coal aud iron au IN.
[ free st 80 far - the sugar schedule is con.
I Cerned. I would be sial under The erlstInt 2 az
I grANAiions so see every particle % ueferrufiaI
tuty Ca favor Of refined slfar stricken out of
[ our tAr- las lf sIfh ell The favor accorded
the sugar refining interest ia our tari1 laws ID
I stll languisbes to the extent o. closed n.
Lneries and thousands OF sd charged work
men 20 would seem o present o hopeless. c-,e
for reasonable legislative aid
Whatever else o., done or omitted, earn ~ v
I repeat here the Recommendation have made
! ih another portion OF this communication that
the additional dJtv OF one tenth Of a cent per
/ pound laid upon sugar imported from couu.
| tries paying bounty on It's export be Abro.
! gated II seems 10 me that exceedingly in
| portsnt considerations point TO the propriety
| OF this amendment With the advent Of a new
/ tariff policy not only contemplated to relieve
| the consumers OF our land in the cost OF thelr
/ daily life but to invite a e.ter DEVELOPMENT
| Of American thrift and create for us closer
and more profitable commercial relations
| with the rest Of the world IL follows as a loxi.
cal and imperative necessity that we should
81 once remove the chiefN not only obstacle
| which has so long prevented onr participa.
ton ia the iorei gn carrying trade OF the sea
! A tariff built upon the theory that IL is well to
check imports and that home market should
| bound the industry ana effort OF American
producers, was ntly supplemented by a re-
| fusal TO allow American registry vessels
| built abroad though owned and nayigated by
our people. thus exhibiting a willingness 10
abandon all contest for the advantages OF
American trans oceanic carriage Our new
tar1 policy bill uDon the theory that it is
| well TO encourage such importatlons a.
| our people need and ha2 our products and
manufactures should dnd market in every
part Of the haOitaDle globe is consistently
supplemented by tho greatest possible liberty
10 our citizens Ia the ownership and nayiga.
tion OF ships IN which our products and man.
uiactures may be transported The millions
now paid to foreigners for carry Ing American
passengers and products across the sea
should be turned into American hands Ship
building, which has been protected 10
| strangulatlon, should be revived by the pros.
pect Of profitable employment for ships when.
built and the American sailor would be- resur
rected and again take his place, sturdy and
industrious citizen ia lime OF peace and a pat
riotic and safe defender OF American interests
IN the day OF con fict The ancient provision
! | Of our law denying American re listry to ships
built abroad and owned by Americans ap
pears ia the light OF present conditions moi
only TO be q failure for good at every point
| but 10 be nearer a relic OF barbariSm than an v
, thiHg that exists under permission OF statut,
OF the United states earnestly recommend
its prompt repeal
The Cold Reserve.
I During the last month the gold reserves Ia
the treasury for the purpose OF redeeming the
notes OF the government circulating as none,
IN the hands OF the people became so reduced
aud It's further depletion in the near future
seemed so certain that In the exercise o
proper care ior the public welfare it becam,
necessary TO repleuish this reserve and thui
} maintain popular faith in tho ability auC
determination OF the government TO meet ai
agreed It's pecuuiary obligations II would
have been well IL In this emergency authority
had existed TO issue the bonds OF The govern
meet bearing low rate OF interest
and maturing within a special period
but the congress having failed 30 confer suct
authority resort was neceesarlly had 10 the
resumption act OF 1873 and pursuant 10 %,
provision bonds were issued draViuRiuteres
81 the rate OF hye per ceut per aunum aud
maturing ten years after their ISSUING that
/ ~ al of a..
am glad 10 say however that on the sale OF
lhese bonds the premium received operated to
sfduee the 81 ~ interest 10 be paid by this
foSerhment 90 less Than three per cent
Nothlng could be worse or further removed
| rom sensible nuance than the relations eH-
! sting between the currency the government
nas issued. the gold held for its
redemption and the means which
mus he resOrted % for the purpose Of repIen.
.shing such redemption fund when impaired.
Even II the claims upon This fund were con
n7ed 10 the obligations originally intended
: tNd II the redemption Of these obliga tions
| ueant their cancellation the fund would be
very small But these ohli gations when re-
| ;eiNed ana redee med IN gold are not cancelled
| out are eissued and may do duty many times
| oy way OF drawing gold from The treasury.
| Thus We have an endless chain in operation
| constantly depicting the treasurys gold and
/ aeVer near a final rest As II this was not
pad enough We have statutory declaration
thal 10 Il the policy Of the government
10 maintain the party:between gold ana sill
| yer aided the force and momentum Of the ex-
| nausting process and added largely TO the cur.
rency obligations claiming this peculiar gold
redemption Our small gold reserve is thus
subject TO draw from every side The de
mAnds that Increase our dan ger also Increase
The necessity OF protecting this reserve
against depletion and 10 Is most unsatisfactory
10 know that the protection Afforded Is only a
| temporary palliatlou II is perfectly and pal.
pably plain that the only way under present
conditions by which this reserve when
dangerously depleted. can be replen.
sale OF the bonds OF the gov
eminent for gold and vet congress has
not only thus far declined 20 authorize the
issue OF bonds best suited 10 such a purpose.
but there seems disposition ia some 0uar-
ters 10 deny both The necessity and power for
the issue OF bonds at all / cannot for a
moment believe that any OF our citizens are
deliberately wiling that their government
should default ln lts pecuniary obligations. or
nat It's financial operations should be re
duced 10 = silver basis Al any rate
should not feel that my duty was
Ione II l omitted any crort could
make 20 avert such q calamity As long
therefore as no provision Is made for the
nnai redemption or tho putting aside OF the
currency obHgallon now used TO repeatedly
and constantly draw from the government its
sold and a. long as no better authority FOR
oond issues Is allowed than al present exists
such authority will be- utilized whenever and
as ollen A. 10 becomes necessary 20 maintain
Asuncienl gold reserve and in abundant time
70 save the credit OF our country and make I
GOOD me nnanCial declarations Of our govern. I
ment questions relating 10 our banks aud /
currency are closely connected with the sun. l
Z - IN