Mexico weekly ledger., 1896-12-10

Because we may be enjoying q temporary ~
not iuii US Into q false security, nor lead ps 70
forget the suddenness OF past yisitattons. ] IN
more convinced than ever that We can have
government currency obligations upon which
gold may be demanded from the treasury are
Tn,n ln'sn, from Ire aoe csre as has. e ssa s ssrSsssd;
recommended, by their exchange. Tor long
term bonds bearing O low rate OF Interest or
BY their redemption with the proceeds OF such
bonds.
Even IL only the United States notes known
rs greenbacks were thus retired, IL Is probable
silver purchases under the scs OF July Il. $50
now paid In gold when demanded. would not
time to time when received In the treasury 81
redemption In gold or otherwise. be gradually
and prudently replaced By silver coin.
redemption certainly appears TO be tho most
effective and direct path TO the needed reform
In default OF this, however. II would bs 9 step
should be cancelled instead Of .eissuoa; This
improve present conditions.
National Bank Notes.
National banks should redeem their owa
notes. They should be allowed 10 issue ofrcu-
lation to the par value OF bonds deposited -
security for redemption, and the tax on their
Circulation should be reduced to one-fourth Of
IN considering projects for the retirement Of
the United States notes and treasury notes To-
sued under the new Law OF 1890, l am OF the
the danger OF contracting the currency and
have calculated too little upon the gold that
Us by better and safer financial methods. lis
not so much contraction OF our currency that
should be avoided % It's UNEQUAL distribution.
This might be obviated, and fear OF harmful
contraction at the same time removed by al
lowing the organization of small banks and In
less populous communities than are now per-
mitted, and authorizing existing banks 70 es-
tabiish branches In small communities under
proper restrictions.
statement that the day OF sensible and sound
financial methods will not dawn upon US until
our goye, Su n6appdGGas The ,6 banking eas,-
the money contributed by the people for iss
for the peoples beneaktOur business Interests
and all good citizens long for rest from Fever.
r asn sSlss1,en 81 @n : r ,as financial ! pa sos
s sassa S ne r sSDSSns q sscr and industry.
MONoP0LY.
Trusts and Other Agsreg atoms OF G. p,s,A.
Another topic In which our people rightfully
take O deep interest may be here briefly CON-
sidered. lrefer 70 the existence Of trusts and
Of which Is to secure the monopoly Of some
particular branch Of trade, industry or com-
When these arc defended It is usually on she
ground that, though they increase prices. they
also reduce prices. and thus may benefit tho
q reduction Of prices to the people is not one Of
the real objects OF these organizations, nor is
II II occurs In q particular case Il Is only be-
cause IL accords with the purposes or interests
OF those managing the scheme:
compensating the palpabic evils charged TO
the account Of trusts and monopolies. Their
e eense ana t Is S II Siuso or o 70 prevent IaessaEna the ,n frSe nc.
Of human faculties and the full development OF
human character. Through them the farmer,
Ing his own master, watchfai OF eli that
s sSsoh sn h ind SUpnasYY's i RSssps sna i IN Messa a is
all that Affects the advantages Of
purtenance to o great machine with little FREQ
will, with 40 duty, but that OF passive
Of rising 10 the scale Of responsible snd help
full citizenship To the instructive belief that
such H. the envfable treod OF trusts and
sented popular aversion in which they are
held, and the not unreasonable insistence that,
s wnaaevsr may nay s oc snsir ea aasaae unon s ssssnsss
esaerwiss than Injurious. 'AA "
Though congress has attemped to deal with
this matter By Legislation. the laws passed for
that purpose thus far have proved fnefective.
not because OF any lack OF disposition or At
ssmps ss 70 sasPsss s Is Inss s1s ss@P y s re ecss e.
do not reach the difficulty. II the insuficienoies
Of existing laws can be remedied by further
be recognized. however, that all federal legis-
lation on this subject may, fall short
~stacles, and also because OF tho COM
plex character Of our governmental aystem,
which, while making the federal authority ~.
preme within Its sphere. has carefully limited
that sphere by metes and bounds Which can
est court on this precise question renders 10
quite doubtful whether the evils Of trusts and
monopoiies can be adequately treated through
purposelv to include in their objects trans
portation or intercourse between states or be-
tween the United States and FOREIGN countries
limit Of the remedy that may DO applied.
Even though It may be found that federal eu-
thority is not broad enough to fully reach the
case. there can be no doubt of the power OF
the several states 70 act effectively In the
premises, and there should DO no reason 70
doubt their willingness to judicioasiy AEsrciss
An Appeal for EconomyS
In .conciuding this communication 3 last
words shall be an appeal 70 the congress for
the money Il holds IN trust {for the peopis.
The way to perplexing extravaganza ts easy.
but . return 70 frysaiity e difhcult. When.
the burdens OF taxation have guaranty OF
honest care save In the fidelity Of their pub
lilo servants, the duty Of all possible retrench-
When our differences are forgotten, and our
contests Of political opinion are no longer re-
membered. nothing In the retrospect Of our
forting as The recollection Of o6iciai duty Wev
performed. and the memory OF q constant de.
xotion to the interests q our coniding fellov
Execytiye Mape,or nsce,ohar ! isua