The Windham County reformer. (Battleboro, Vt.) 1876-1897, 1895-12-06

| our footing IN inc FNt'th"' NY
naturally open to MS, nave creatcu
situation somewhat injurious 10
American export interests not ohly IN
Germany, where they arc perhaps most
noticeable. but in adjacent countries
1t is not To be forgotten that ihtcr
national trade cannot ne onc's,''cu'
It's currents are alternating ahu us
movements should be honestly reclpre-
cal. without this 1t almost nccessail
" dcgcncratcs into a device 70 gam
| advantage or a contrivance 10 secure
benefits with only the semblancc o,
return. In our dealings with otner
nations we ought to he open 'hande',
and scrupulously fair This should
be our policy as producing nation,
/ and it plainly becomes us as Il people
who love generosity and the moral as
meets of national good faith and reclp-
rocal forbcarance.
| These considerations should not,
however, constrain us to submit to UNI
| fair discrimination nor to silently ac'
quicsence invexatious hindrances to the
enjoyment of our share of the legit-
mate advantages of proper trade re,
lations, A policy of retaliation is not
to be lightly entered upon but IT is
necessary if we cannot secure TAR
treatment in any other way
BY command of the people customs
revenue system, designed for the pro,
lection and benefit of favored classes
at the expense of the great mass of our
countrymen. and which. while in
efficient for the puprose of revenue,
curtaiIed our trade relations and I'M
petled our entrance to the markets oil
| the world, has been superseded by a
tariff policy which in principle is
based upon q denial of the rights OF
the government to obstruct the avenues
to our peoples cheap living or lessen
| their comfort and contcntmcnt, for the
sake of according especial advantages
to faroritcs. and which, while en-
couYaging our intercourse ana trade
with other nations. recognizes the fact
that American sclf-reliance. thrift and
ingenuity can build up our country 8
industries and develop It's resources
more surely than encWating pater-
nalism.
The reforms in the consular service
basing appointments and promotions
on examination are explained. They
can be further supplemented by fire.
oucnt inspection of consulatcs: official
residences should be provided for am
bassa1ors and ministers at foreign
courts
r,, Financial Questions.
This discussion occupies dpou' IN ~
columns of space, He attributes all
our trouble to the grccnbacSs, and the
compulsory coinage and purchase oi
silver, making besides 1he go n 10 aii',
silver certificates ABOVE eooV' ooV'ooo oi
paper which the government Is con
stantIy bound to redeem on demand II,
gold, and he tells OF the lhree pony
issues amounting TO 'U9o'9oo "l'lch
have been made without afiordlnG more
than temporary relief 1t mas not neen
deemed advisable to exercise tne dls-
erection permitted by the act OF 1871
by refusing to pay gold on treasury NOTES
when demanded, because by such aus
elimination IN favor Oh the Golo doIla'
the sO-caIled parity OF the Two metals
would be destroyed. and grave and
dangerous consequences would be pre-
cipitated by affirming or accentualih2
the constantly widening disparity De
tween their actual values undcf the
existing ratio. Inc result mas peeh 4
steady shrlnkage OF the gold reserve,
due, the president thinks to the great
falling off of exports under the opera
ton of the tariff law until recently Il,
force, which crippled our exchange OF
commodities with foreign nations and
necessitated to some extent the pay
lnent of our balances in gold; the I'M
natural infusion of silver into our cur
rency. and the increasing agitation toi
its free and unlimited coinage which
have created apprehension as to onI
disposition or ability to continue gold
payments: the consequent boarding OF
gold at home and the stopping Of IN
vestmcnts of foreign capital, rs well az
the return Of our securities already
SOLD abroad; and the high rate oI
foreign exchange, winch induced inc
shipment Of our gold to be drawn
against, as a matter OF speculation,
During the fiscal year ending june
30. 1894. nearly $50, 600, 600 in gold was
Withdrawn from the treasury and about
ST., 600. 900 was sent abroad. while
during the fiscal year ending June 80,
3 1907 n,-or S117 600 000 was drawn out,