The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1895-11-28
WASHINGTON LETTER.
from Our Regular Correspondent.l

WASHINGTON, d. O., Nov. %, '95.
While shouting for "sound money"
the administration is in reality working
in the interest OF the unsoundest of all
money-wildcat, or State bank currency.
The public utterances of Secretary
Carlisle leave no doubt that Mr.. Cleve-
land will in his message to Congress
re commend the retirement Of the Treas.
ury notes, popularly known as green.
backs. Whether he will be bold enough
to recomend the repeal Of the ten per
cent tax on State bank currency at the
same time is as yet question, but
enough has been said to Democrats
fro m the South, where the only senti.
m ent in favor of restoration of State
bank currency has its abiding place, to
make plain that such is the ultimate
object of both the President and his
Secretary of the Treasury. 1t is wild
hope they are indulging in. No Rep
ublican Congress will ever vote to re.
peal the tax on State bank currency. If
there was only choice between State
bank currency and the free coinage Of
silver there isn't Republican Of promi.
nence on either branch of Congress,
not excepting Senator Sherman, who
would not choose the latter.
The greenbacks will doubtless in the
not distant future be retired, but it will
not be done until something that is
entirely safe has been agreed upon to
take their place, and it is altogether
probable that that something will be
some form of national currency. Hav-
ing for more than thirty years, thanks
to Republican legislation. enjoyed a
paper currency that was worth its face
in every State in the union, the people
will never be satisfied to return to the
method of increasing the discount on
note the further away it gets from the
bank which issued it. 1t would be too
much like substituting stage coaches for
railway trains to please the most pro-
gressive people on earth. Dollars pro
vided by Republican legislation. have
always been and always will be dollars;
that can absolutely he depended upon.
Those people who suppose that the
republicans of the great northwest are
less ardent in their support of a pro
tective tariff than their brethern of the
middle and eastern States are badly
mistaken. Representative Tawney, of
Minnesota, who has just arrived in
Washington says the Republicans of
that State believe the revenue for main.
tanning the government should be raised
by tariff upon imports rather than by
an increase of internal revenue taxes,
and he cites the following among other
reasons for that belief: "The duty upon
barley, as fixed by the Democratic tariff
law, works serious injury to the farmers
of the west by permitting the importa.
tion of Canadian and Russian grain and
bringing it into disastrous competition
with our own product. Just before
left home farmer gave me an instance
in his own experience. In 1864 he
raised 33 bushels of barley to the acre,
which he sold for so cents bushel. In
1895 he increased his yield to As bushels
an acre, but the price for which he
could sell the barley fell to 20 cents
bushel. So that, although the produc.
tivenesss of his farm increased largely,
he lost $6 Is an acre over the previous
year."
Representatives Henderson, of Iowa,
who arrived in Washington this week,
characterizes as nonsense, originating
from Democratic source, the story
that he and Senator Allison were in
Chicago several days ago in the interest
of the latter's candidancy for the Repub.
lican Presidential nomination. Gen.
Henderson is one of the Republicans
who thinks that no tariff revision
should be undertaken at this session of
Congress. He says: We know in advance
that the Congress and the executive are
at the antipodes and that no revision
the Republicans would make would be
agreed to by the President. We should
be patriotic and think of the needs of
country first of all, and, if it is possible
to get the President to join us in this
we should do so. I do not think we can
come to any agreement to increase
revenue by internal taxation, but we
shall wait and see what the president
has to say. 1t is his right and duty to
make suggestions to Congress, and we
shall act upon them, 1 am sure, in a
patriotic spirit, according to our best
judgement. I think any increase of
revenue must come from customs, but
we have no need to make a record.
Our record is made, we believe in pro-
tecting American industries"
Representative Babcock. of Wis, who
has a right to be proud of the work he
did as chairman of the Republican