The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1896-12-12

ment appear 10 br essential to the end
| that 1t .Aay more c;lactually reac! the evils
designed TO be corrected. ] hope the recon-
! mendation OF the commission upon this
subject will he promptly and fayorably con
s!hercd by the congress.
THE TARIFF QUESTION.
! desire to rcc,lr to the statements else
where made concerning the government y
! receipts and expenditures. for the purpose
-of rcnturng on some suggestions touch
| Ing our present. tariff law aud its operation
| This StatNtr took effect on the 2Sth day OF
August. 1891; whatever may be its short
| roniiigS rs complete measure OF tariff
| reform. il must be- conceded that it has
! opened the way to freer and greater cx-
change OF commodities between Us and
! other countries, and thus furnished i wide
market for on! products and manufactures.
The only entire fiscal year during which
this law has been IN force ended on the
3oth Of june. 1896. In that year our i'm"
ports increased over t)ioS" OF the previous
s1ar more than A.JOo.oD0, while the value
Of the domestic products we exported and
which found markets abroad was nearly
$1.Wm,o 600 more than during the preceding
scar.
WEAKNESS AND VICES OF FINANCIAL
METHODS.
This reference to the condition as 10 the
prospects " our revenues naturally Sn5-
S"$tS an HliuSiDn to the weakness and VICES
vt our financial methods. The, have hecn
frequently pressed upon the attention OF
congress in previous executive conlNtuni
cations anu tie inevitable danger OF their
continued federation pointed ont. Without
nDW rrpe& ting these details. l clNnur r.
frain from again earnestly presenting tic
necessity Ct the yronpl reform Of a
system opposed to every rrle OF sound
iinancr and *!hWa by experience 10 &c
fran=ht with >he sraT"st peril and per-
which shook Tie Foundation Of ORR govern
ln"nt mere than thirty years ayo brought
in it's train the destruction OF property,
the wasting OF our country's substance and
the eSl:an.em"nl Of brethren. Theae are
VOW past am! forgotten ETcn III" distress
sing loss OF life in the corllirt cHtlilra Il
bIl {: sacred memory, which fosters patrl-
oic sentiment and keeps alive 4 tcA1e: re-
gard for those who Molly died. And yet
there remains with us tGtlAv in full ser
vice and activity, rs al incident OF that tre-
menuOus struggle, 4 feature CT ITS nllali-
cial necessities net oa'y In>uitcd to our
present circumstances. bat m:llliirst!y a
disturbing nlinacc to business security ana
an ever present agent OF monetary distress.
Because we may be enjoying Il temporary
relief from its drprcssin: influence, Ilis
should not !ull us into Il false security. nor
lead us 10 forget the SNdIenncs' OF past
vi$!tat;onS. l am more convinced than ever
that We can have 10 assured financial peace
aud safety urtil I'll" government currency
obligations ,:i;on which gold may be demand
ed from the treasury are withdrawn from
cremation This might hc done as has
been heretofore recommended by their OK"
change for term bonds bearing Il low Iasc
It interest or by their redemption with
The proceeds Of such honas even II cnIy
the United States notes, known as green.
backs, were thus retired. It IS proh"bie th'ss
:Ec treasury notes issued il payment or
silver purchases under the date or July
II. 1885, NOW paid in geld "hen
demanded. would Tot create much disturb
.ncc as they might from lin" 10 time "ntn
received in the treasury BY redemption III
GOLD or otherwise be gradually anu psH-
IDENTIFY replaced by silver coin. TINS lhan
OF issuing. Lods for the purpose OF recclnis'
tion certainly appear: 20 be- the most ell
fecrive and direct path to the needed re,
form. In default Of this. however. it would
i,r 4 step III the direction that currency oo-
liza tons releinablr III gold. whenever 20
redeemed should be cancelled instead OF
bcin. reiSsuci. This operation would D"
4 slow remedy. hut il; would improve pres
orr conditions. Ranks should redeem their
own notes. They should be allowed to is
sue circulation to the par value or bonus
levositcd as security for its redemption,
and the tax on their circulation should pc
reduced to one-fOurth OF one Scr cent IA
considering projects for the retirement OF
United States notes and the treasury notts
issued under the law of 1870, am OF me
opinon that we have placed too much
stress upon the danger OF contracting tne
cnrrcncy, and have calculated too little
upo; the cold that would be added to our
circulation, if invited to us BY better and
safer .tiuacial methods. 1t is not so 1Huch
q contraction Of currency that SEoul! pc
avoided as its unequal distribution. iEis
fui contraction at thc same tim: rc'nGXed
by allowing the organization or s!h;ili!e1
banks. and in less popElnus communities
than are Row permitted. ard also "ulhcH'
lin: existing banks 10 establish branches
in snail communities under proper l"S!'lc-
tons. Thr entire case may b" L:H&!lteu ny
tl,,. statement thai the day OF sensible sound
fira:.rial methods will no; dawn upon lis
ninth our government abandoEs the n:iik-
n- business and the accumulation OF Tunes
aiu, confines Its monetary operation 10 We
recent Of the money ;ontGlDuleu " tie
peopic for its support ,tnl 10 the cA.HiI'll-
turc Of ";tth money io: INC pcop!c ; o'ne-
fit. Gu" business interests anu a.. 800 VA,
,.,us long 10. rest from fcyerish aS!'a:l2s.
And the inauguration by the government Gf
= tirar;al policy which Will encourage en-
tprurisc and make certain The rewards o.
labor
AS TO TRUSTS AND MONOPOL!ES.
And another topic in which cur peo'
pie rghtfu!ly take tcrp interest may NC
mere briefly considered, | rcIer to the eS-
isteuccs OF trust ANA other huge aSSce-
CATIONS OF capital, the object Of Whic'4 is
to secure the monopoly OF some partic"iar
branc,. OF trade, industry or commerce. ana
it is usually on the ground that though
they increase profits, they also reduce
prices, and thus may benefit the pubic.
j: must be remembered, however, that
reduction of prices to the people IS NOT one
of the real objects OF the organizations.
nor is their tendency necessarily IN mat
direction. II it occurs In particular case,
it is only because it accords with the pur-
boses or interests Of those managing tue
scheme. Such occasional result fall far
short Of compensating the pa!paDle eVl
charged to the account OF trusts and Honop'
olins, Their tendency is to crush out indl-
yidual Independence and to bind ana pre-.
vent the free use of human faculties and
the full development Of human character
Through them the farmer, the artisan ano
the small trader is in danger OF dlsiodSe'
ment from the proud position OF being mo
own master, Watchful Of ali that tonchee
his conntry's prosperity, III which nc mas
nm individual lot, and interested III al that
effects the advantages OF business or which
he is factor, to be relegated to the Level
Of mere appurtenance to great ma