The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1894-12-05

ah6 Wv JC8hs Ahteh
have been furnished TO state authorities for
use in the agricultural colleges and expert
ment stations, for the treatment of tuberou.
losis and glanders.
The recommendation contained in the report
of the rccretary for 1894, that the vicious sys-
tenn of promiscuous free distrib ltion OF its de-
partmcntal documents be aba d med, Is again
urged. Th,si publications may well be fur
nished without COS TO public libraries, educa-
tional institutions and the officers and Ii
braries of states and of tho federal govern
m mt, but from all individuals applying for
them, a price covering the cost of the docu-
ment asked for should be required.
Civil Service Reform.
Tho a ,vantages to tho public service Of an
adherence to the principles of civil service re.
form are constantly more apparent, and moth
ing il 8 encouraging to those in official life
who honestly desire good government, rs the
increasing appreciation by our people Of these
advantages.
National Board of Health.
I am entirely convinced that we ought not
to be longer without n national board of health
or national health officer, charged with no
other duties that such as pertain to the pro-
lection of our country from the invasion of
pestilence and disease.
The Labor Commission.
By virtue of n s'a ute of the United States
passed in 1888, l appointe "a commission for the
purpose of making careful inquiry into the
raii,n,ds and tbnir or,rIoyos ,.hioh h"5 ~
suited in an extensive and destructive strike.
Their YORK has been well done and their
standin and intelligence give assurance that
worthy of careful considcration
~ -.
~" ,"i",
Inc earlH acV passed at inc last session OF
the congress needs important amendments, II
it is to be executed effectively and with GER
tainty. In addition to such necessary amend
nentS aS VIII noC ch'hse rates OF uuuy' L am
still very decidedly in favor OF putting coal
"Hu iron " ~" ~
81 - = . j., ausai . i concerheo,I
ua.. ,noe 5;fron. 80
o. oseiy Nite ~ |" .uusy IN rennIe
- g, - - '"S Va w. ~ Jaw. -
G.tna .a,t Il. nDu a.is - .Ht *
nniin w ~ aDu. os 49,. ~ I@n
s"'9neH " Nv ~ VI V,o9ou ronn'ries' anu
N. - aI ~
mouu I ,ari w. tu - s " "'p'ieS9 cast lor rea
y ne 80 ~
t., .,ou 80 ooio - un '..I ieh,nesOy
,oPu"o ,o 'i'u NV
uuty u l-lo'h IL d cent per pound lalo upon
s"sd n"Poi'ou " opun'res paying d
oouh'S vi ~ eNPVrt' We aoroEaVeu' Ii seems
" NY 'n"s 'snU cohsluera
.loh9 P'h' ~ 'H' Pi'Pii''9 Vi Uhi9 anehohehV'
fIea for free ships.
A refusal to allow American registry to YES
sells built abroad, though owned and navigated
by our people exhibited a Willingness to
abandon all contest for the advantages of
American trans-occanic carriage.
The millions now paid to foreigners for
carrying American passengers and products
across the seas should be turned into Ameri-
can hands. ship building, which has been pro-
tected to strangulation, should be revived by
the prospect of profitable employment of ships
when butlt, 9nd the American sailor should be
resurrcctcd n again take his place-a sturdy
and ind lStrlodS c1tlzcn in time of peace, and a
safe december of American interests i'll the day
of conflict.
The Bond Issue.
During the LIS mon h the gold reserved in
the trea sury for the purpose of redeeming the
notes of the government circulating as money
in the hands of the people became so reduced
thai it became necessary to reDlcnish this re-
serve. and thu, maintain popular faith in the
ability and determination of the government
to meet, as agreed, it, pecuniary o Ii cations.
1t would have been well if in this emergency,
authority had existed to issue the bonds of
the government bearing "a low rate of interest
and maturing within II short period.
But In congress having failed to confer such
authority. re OF was necessarily had TO the re-
SUMPTION act of 1910. and, pursuant to its pro-
visions, bonds were is ued drawing interest at
5 per cent pr anlum and maturing 10
years after their issue. | am glad to say that
on the sale of these bonds the premium re-
ceived operated to rcdu,e the rate of interest
to be paid by the government to less than 3 per
cent.
1t is perfectly and palpably plain that the
only way under present conditions BY which
this reserve, when dangerously depleted. can
be replenished, is throuph IT, issue and sale of
the bonds of the government for goid and vet
congress has not only thus far declined to au-
thorize the issue of bonds best suited to such
purpose, but there seems IA disposition in some
quarters to deny both the necessity and power
for the issue of bonds at all.
As long, therefore, a. no provision is made
for the final re lemption or the putting aside
of the currency obligation, now used to re-
peatedly and constantly draw from the gov.
eminent its gold, and as long as no better
authority for bond issues is allowed than at
present exists, such authority will be utilized
whenever and as often as it becomes neces-
sary to maintain a sufficient gold reserve, and
in time to save the credit of our country and
make good the financial depletions of our gov
eminent.
Questions relating to our banks and cur
rency are closely connected with the subject
lust referred to and they also present some
unsati ,factory features.
1t is proposed to repeal all laws providing
, for the deposit of United States bonds as Sc.
curity for circulation; to permit national
banks to issue circulating notes not exceeding
in amount 10 per cent of their paid-up and un-
impaired capital, provided they deposit
with the government. az a guaranteed