The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1896-12-08

q extendits sphere 81 usefulness IN asou-
racy Of its forecasts
Civil Service.
The progress made in civil service reform
furnishes cause for the utmost congratu-
lation. 1t has survived the DOUBTS ~ w.
friends as well as the rancor OF tsenefoiess
and has gained permanent place among
the agencies destined 10 cleanse our po-
litics and improve, econonize and eleFanee
fhe nnblic service There are now In the
competatiye classified service upward OF
~ 100 places. More than half these have
been included from time TO time since
March A, 1885.
1mtrrpamse Commission
The annual report Of the commissioners
will be duly transnitted, anu GonltlaSn i la.a.a
the important matter they have In charge
10 the careful consideration OF congress.
The interstate commerce commission mas
during the last year, supplied aounuanh
evidence of its usefulness and the impor-
tance OF the work committed 70 It's charge
desire to refer 10 the statements else
where made concerning the government
receipts and expenditures Ior the purPoIIe
/ of venturing upon some suggestions touch
4 ing our present tariff law and ITS opera
tion.
Tariff Reform.
This statute took effect on the 2Sth day
| of August, 1894. Whatever may DC "
| shortcomings as a complete measure ~
4 tariff reform, it must be conceded that X
| has opened the way 10 freer and greater |
| exchange Of commodities between rs and
other countries, and thus furnished wlaer
market for our products and manufac-
turers. "
The only entire fiscal year during which
this law has been in force ended on the SJth i
dav OF June 1896. In that year our i'm
| ports Increased over those OF the previous
wear more than 81, 10000, while the value i
of the domestic products we eGported am /
which found markets abroad, was nearly /
J $4,000, 600 more than during the preceding
a The situation was such IN December last,
, seven months before the close OF the hsca,
year that the secretary ot treasury Ioretol1
a deficiency of $1T7, 100000. The great ana
: increasing apprehension and tmidity ~
c business circles and the depression in al
: activities intervening since that time, re-
T sulting from causes perfectly well under
stood and entirely disconnected with our
tariff law or its operation, seriously
checked the imports we would have otner-
" wise received and readily account fpr the
d difference between this estimate OF ths sec
10 retary and the actual deficiency, as wen Gs
le for continued deficit.
To meet any such deficit we have IN tiie
7e treasury. in addition to a gold reserve cf
st $780, coo, a surplus Of more than Sl@S,-
4. COO 900 applicable TO the payment OF re
{, expenses Of the government, ana @hca
re must unless expended for that purposes
re remain a useless hoard, or, II not extraVs-
n gantly wasted must in any event he Pc
r Verted from the purpose of It's exaetton fro-n
| "
6e anv deficiency in the revehue from this
Mt fund is nothing more than It's proper ana
legitimate use.
Monetary Question
al This reference to the condition and pros
Nc poets of our reyenues naturally Suggest !
he an ullusion TO the weakness RnQ vices q
~ | our financial methods. They have been
,sr frequently pressed upon the attention oi
III the congress in previous executive conmu-
- nications and the inevitable danger pr their
ro- continued liberation pointed out, Wtthou'
~ now repeating these details, ! cahnot r.
ba frain from again earnestly presenting u
ro- necessity of the prompt reform Of system
,rd opposed TO every rule Of sound finance ang
l1a shown by experience TO be traught Wltl
: n the gravest peril and perplexlty.
9of Tie terrible civil war which shook tbs
foundations Of our government more that
in thirty years ago brought IN Nv traln Nv
.en | with us today, in full strength ana aetlN
ity as an incident Of that trependol
i've struggle a feature of its financial necess
~ ties not only unsuited TO our present cl
NC cumstances, but manfestly disturbing
~ menace to business security and an eve
lis present agent of monetary distress.
Ire Because we may be enjoying a temper
70 arv relief from it, depressing influence th.
, be should not lull US into a false security No
IN lead Us to forget the suddenness Of pas
on visitatiOns.
M lam more convinced than ever that v
can have no assured financial peace an
~, | safety until the government currency obi
~ cations upon which gold may be demands
om- from the treasury, are witharawn iFol
in | circulation and cancelled.
ion This might be done, as has been heFett
fore recommended. by their exchange n
life lonu-term bonds bearing low rate OF II
~ terest or by their redemption with the pr'
ms ceeds Of such bonds.
Roi IL would be a step in the right direCtio
if currency obligations redeetnable in gol
, bv whenever so redeemed. SHOULD be cancelle
il ~ instead OF reissued. This operation wou
MS be a slow remedy but 1t would improN
hall present conditions.
80, National banks should redeem their ow
.ona- notes. They should be allowed to issl
! If circulation TO the par value OF bonds d
posted as security for its redemption az
the tax on their circulation should be r
duced to one-fourth Of one per cent.
sion In considering projects for the treatmei
ndi- of nited States notes and treasury not
ntly issued under the new law Of 1850, am
ton the opinion we have placed too much sire
: at upon the danger Of contracting the Gu
, 30 rency and have calculated too little up6
um- the gold that would be added 70 our eirc
paid lation if invited TO Us by better and sa
wear financial methods. Ii is not so much CO
rom traction Of our currency that should
the avoided a. its unequal distribution. Th
pen might be obviated and fear of harmful CO
lain traction ut the same time removed by
ex- lowing the organization OF small ban
tion and in less populous communities than q
in now permitted. and also authorizing ext
ntire ing banks TO establish branches IN smi
nent communities under proper restrictions.
n OF 1he entire case may bc ~ pIeSohtTl w y
l.640 statement that the day OF sensible a.
low sound financial methods will not dhy
4 ex- upon US until cur government abando
sons the banking business and the accumu
ates, tion of funds, and confines It's moneta
the operations TO the receipt OF the money &
and tributed BY ne people for its support, a
year to the expenditure Of such money for I
a for peoples benefit
rent Trusts
II i Another topic in which our people rigl
II be | fully take a deep interest day be b,
briefly considered. ! refer 20 the axister
of 4rYsafS aud other huUa arurnnmffOna