Waterbury evening Democrat., 1894-12-03

NUMBER OF Oattle Ships ana torpedo bOatS
He recommends the report of the secre-
tarv of the Interior. and the valuable sug-
geStlons made by him to the careful atIen-
tion of the congress. He endorses the
recommendation of the secretary that
adequate prOtrc' ion be provided for our
forest preserves and that a comprehensive
forest system be inanCuratrd The report
stated that although the condition of III"
Indians had improved. their situation is
not satisfactory at all points
Referring to the matter of pensions the
president quotes from the secretary Of the
interior as follows: AT the close of the
last fiscal year ON the :}Olh day or June.
1904. there were S61i+4 persons on Our
pension rolls. being a net Increase OF 3.5!i2.
The total amount expended tnr pens ions
during The year was sI39 3O4 I6l. o., lrav-
ing an unrNpend"d balance. tom the sum
appropriated of So 205.Tl2 IS.
he sum necessary To meet pension rx-
penditures for the year ending June 80,
1925. Is estimated At $40 no OslU.
There was falling of in American
wheat exports of - 5Ob 900 bushels aud
the secretary is inclined To believe that
wheat may not in the future be the staple
export serial product OF our country, but
that corn will continue 10 advance in i'm
portance as an export
The report shows an increase of 80 ;};;;ii;;;;
head of live beef cattle exported and
tagged during the year
He says: Il am entirely convinced that
We ought not to be longer withou; a ma
tIonnl board of health or national health
officer. charged with no other duties than
such as pertain to the protection of our
country from the invasion of pestIlence
and disease"
lie speaks of the report OF the commits
sioners on the recent railroad strikes and
says the same will be transmitted to CON
gress. He says their work has been well
done and the suggestions they make are
worthy of consideration.
The tariff act passed at the last session
OF the congress need~ important amend
ments if II is TO be executed effectively
and with certainty. In addition to such
necessary amendments as will not change
rates of duty. am still very decidedly IN
favor OF putting coal and iron upon the
free list. so lar "a toe sugar schedule Il
concerned. l would be glad under exist
Irg aSgraVatIons, to see every particle of
dIfterrntial duty in favor OF rrnnrd sugar
stricken out OF our tarifl law. II. with all
the favor now accorded the sugar. refining
interest in our tariff laws. ii still languishes
to the extent of closed Teineries and
thousands of discharged workmen.
il would seem to present hope
less case for reasonable Legislative aid
Whatever else Is done or omitted
ernestly repeat here the Recommendation
l have made in another portion CT this
communication that the additional duty OF
cne-tenth OF "A cent per pound, laid upon
sugar imported from counties paying u
bounty on its import be abrogated. 1t
seems to me that exceedingly important
considerations point TO the proprIety of
this amendment with the advent OF "A new
tariff policy not only calculated to relieve
the consumers OF our land in the cost Of
their daily life. but TO invite a better de-
velopment OF American thrift and create
for us closer and more profitable CONNER
CiHl relations with the rest OF the world
1t follows AS logical and imperative neces-
sity that we should ut once remove the
chief ii not the only obstacle which has so
long prevented our participation in the
foreign carrying trade of the sea. A tariff
built upon the theory that II Is well 10
check imports and that home market
should bound the industry and effort of
American producers. was fifty supple
meDted by refusal to allow American
registry to vessels built abroad though
owned and navigated by our people. thus
exhibiting willingness to abandon our
contest for the advantages of American
trans-oceanic carriage Our new tariff
policy is built upon the theory that It Is
people need, and that our manufacturers
should fiji ma kets in every part of the
habItable globe. The millIonns now paid
t. foreigners for carrying American pas
sengers and products across the sea should
be turned into American bands"
ship building. which has been protect
ed TO stranGulation. should be revived by
the prospect of profitable employment for
ships when built. The ancient provision
of our law denying American registry to
ships built abroad and owned by Ameri-
cans appears in the light Of present con-
ditions not only to be IA failure for good at
every point. but to be nearly relict OF
barbarism. than anything that exists un-
der this commission OF "a statute of the
/ United States. l earnestly recommend
! its prompt repeal"
/ Relative to replenishInG gold reserve re-
! Gently, he says: 1t would have been well
| II III this emergency authority had existed
! to issue the bonds of the government bear
! ing low rate of interest and maturing
within a short period. But the congress
having failed to convey such authority re.
sort was necessarily had to the resumption
act OF 1875. and pursuant TO its provisions
bonds were issued drawing interest mt thu
rate of per cent per annum. and matur
ing ten years after their issue that being
the shortest time authorized by the act.
Rm glad to say. however. { Mt on the sale
of these bonds the premium received
operated TO reduce the rate of interest tC
be paid by the government to less thar
three per cent. Nothing could be wors,
or farther removed from sensible financ,
than the relations existing between the
currency the government has issued, the
gold held for its redemption. and tn,
means which must be resUrted TO for tn,
purpose of replenishinG such redemption
fund when impaired. Even if the claim
upon this fund were confined to the obi
CATIONS originally intended. and if the re
dempiion of these obligations meant thei
cancellation, the fund would be YER,
small. But these obligations when re
ceivsd and redeemed IN gold are not can
celled. but are reissued and may do dut,
many times by way of drawing gold iron
the treasury. Thus We have an endleS
chain in operation constantly depicting
the treasurer gold and never near IA fina
rest. As il this was not bad enough W
have, by a statuary declaration that 1t i
the policy OF the government to maintain
the parity between gold and silver aide,
the force and momentum of this exhaust
; irg process. and added largely to the cur
! rency obligations claiming this Peculia
! gold redemption. Our small gold reserv
) is thus subject to drain from every side
The demands that increase our danger al
SO increase the necessity of protecting Thu
reserve against depletion. and it is mos
unsatisfactory to know that the protection
> afforded is only temporary pAlliation.
is perfectly and palpably plain that tn
, only way under present conditions b
which this reserve. when dangerously de
pleted can be repleted. is through the issu
and sale of the bonds of ithe governmer
, for gold; and yet congress has not onl
thus far declined to authorize the issue c
4 bonds pest suited to such n purpose. bu
there seems disposition in some-quarter
TO deny both the necessity and power fC
. the issue of bonds at all cannot for
4. q