Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-12-11

employe who loves political turmoil and
contention, or who renders lax and grudg-
resenting his political views, should 81
promptly and fearlessly dealt with in such
way as to furnish a warning to others
who may be likewise disposed.
Interstate Commerce.
The interstate commerce commission has
during the last year supplied abundant evil
dence of its usefulness and the Importance
Of the work committed to Its charge. Pub
lie transportation Is a universal necessity
and the question of just and reasonab Bic
charges therefor has become of vital i'm
not only to shppeTs and carriers
and consumers. The justice and equity Of
the principles embodied in the existing law
tharges are everywhere conceded and theSe
appears to be no question that the policy
thus entered upon has a permanent place
in our legislation.
Operations of the Tariff Law.
l desire to recur to the statements else-
where made concerning the governments
receipts and expenditures for the purpose
OF venturing upon some suggestions touch-
ing our present tariff law and its opera.
ton. This statute took effect on the 2Sth
day of August, 1894. Whatever may be its
sh OFT edsI as complete measure Of
has, opened the way to a freer and greater
exchange of commodities between us and
wider market for our products and manu-.
The only entire fiscal year during which
day Of June, 1895. In that year our im I oyi
increased over those Of the previous year
more than Sc, 900, while the value of tie
domestic products we exported and which
OOoCco more than during the preceding year.
Cannot Justly BE Condemned.
Those who insist that the cost to our
people Of articles coming to them from
be increased through tariff charges to an
extent necessary to meet the expenses Of
Il TIE ,r government. as we'll as those, who
claim that tariff charges may be laid upon
such articles beyond the necessities OF gov
eminent revenue, and with the additional
PURPOSE 81. OF SO increasing their price in our
ers and producers better and more profit
able opportunities, must agree that our
Of to enable the si goSer rs
Ment to meet the necessary expenses Of its
maintenance. Considered as to its suffi-
by no means fall under just condemnation.
It's operation 1t has yielded nearly ss.o 900
tariff duties In the preceding year. There
was, nevertheless. q deficit between our
receipts g. and INC expenditures Of a little more
unexpected.
Depression Not Due to the Law.
The situation was such in December,
seven months before the close of the fiscal
foretold deceney Of 81 ae T Ihpea ereal
ana az , increasing apprehension and tip1ldity
IN IN, business circles. and the depression ii,
all activities intervening since that time.
r resud from causes perfectly well UNDER
s s..isa and entirely disconnected with our
c ehf lay VIZ Or Its seriously
wise received and readily account for the
difference between this estimate Of the
Ns as sr and eon the sf aeeses 1S
It must be confessed that we could hardly
nave had more unfavorable period thai,
the last two years for the collection OF
tarifr revenue.
Believes 1t Will Prove Success.
we cannot reasonably hope that our re-
cnReration from this business depression
with promise Of accelera don and continu-
ance. I believe our present tariff law, II
eaiioWed fair opportunity. will IN the near
bly, economical expenditures, viii overcome
al deficiencies. In the meantime, no de1icit
.haL mas occurred or may occur need excite
Use of the Reserve Lawful,
TO meet any. such deficit We have in the
ttr9eaaas ns In addition to gol0 reserve oi
Sdoe.OoO,G0o, q surplus of more than S12S, 0OO, !.
wv appncable to the raymspt Of the ex-
penses of the government and which must
unless less expended Tor that purpose, remalr
wa useless heard or II not eSttavagantly
from the purpose of it's exact,on from our
people. The payment, therefore. of any de-
iSiCllSy Ill lH6 revenue from this fUNO Is
nothing more than its proper and legitI.
mate use.
Vices Of Our Finane I System.
me reference to the col tion and pros
an allusion to the weakn and vices Of
our financial methods. Tho have been FREE
quently pressed upon the attention Of con-
tons and the inevitable danger Of their
continued liberation pointed out. Without
now repeating any Of these details, can
ptt,a
the necessity Of the prompt reform Of Il
system opposed to every rule OF sound
finance and shown by experience to be
fraught with the gravest peril and per-
pleXity.
The Greenback Should Go.
am more convinced than ever that we
can have no assured financial peace and
legations upon which gold may be de-
manded from the treasury are Withdrawn
from circulation and cancelled. This might
be done. as has been HERETOFORE recon-
mended, by their exchange for long-term
bonds bearing low rate of interest or by
their redemption with the proceeds Of such
Even II only United States notes known
90 greenbacks were thus retired, it Is
probable that the treasury notes issued in
Of July. IA, 1890, now paid in gold when de-
manded, would not create much dis
M 1Ibroanee, as they might from time to time
ton In gold or otherwise be gradually
and prudently replaced by silver coin.
Most Effective Path to Reform.
The plan of issuing bonds for the purpose
of redemption certainly appears to be the
most effective and direct path to the
needed reform.
a step In the right direction If currency
obligations redeemable in gold, whenever
SO redeemed. should be Cancelled instead
be slow remedy, but it would Improve
present conditions.
National banks should redeem their own
circulation to the par value of bonds de-
posted as security for It's redemption, and
the dnIed tax on their circulation should be re-
uuced TO one-fourth of one per cent.
Real Source of Danger.
In considering projects for the retirement
OF United States notes and treasury notes
issued under the law of 1890, am of the
stress upon the danger Of contracting the
currency and have calculated too little
upon, the gold that would be added to on
safer financial methods. 4
Must Abandon Banking Business.
The entire case may be presented by the
statement that the day of sensible and
sound financial method will not dawn upon
US until our government abandons the
banking business and the accumulation of
to the receipt Of the money eoitribu tdD BY
pendlture OF such money for the peoples
benefit.
Hot Shot for Trusts.
Another topic in which our people right
fully take q deep interest may be here
briefly considered l refer to the existence
capital, the object of which is to secure the
monopoly of some particular branch Of
trade, industry or commerree, and so stifie
defended, 1t is usually on the ground that
though. they Increase profits they also res
1t must be remembered, however, that q
reduction of prices to the people Is not one
OF the real objects OF these Organizations,
nor Is their tendency necessarily In that
direction. If it occurs In particular case,
1t Is only because 1t accords with the pur.
pose or interests of those managing the
scheme. Such occasional results fail far
short OF compensating the palpable evils