Arizona weekly citizen., 1896-03-14
A POPULAR LOAN.
How Delegate Murphy Would
Met The Financial Situa-
ton.
He Thinks A Tariff Commission
Should he Provided For.
Washington Star.l

ed very pronounced views to S ar re
porter today in the courae of CONVEX.
sion upon the needs of the country and
the probabilities of legislation by the
present Congress. Speak, of the treas
ury situation. Mr.. Murphy SAL:
81 think the time has come to at I
financial laundering in this country
aud devise aud adopt dirtintive Amer
can policy, systemIzed. elective and pei
manent." "Do you believe in increas
Ing the national bonded debt by a fur
Their issue of bonds at this timer"
A POPULAR LOAN ADVOCATED.
"Under the peculiar existing condl
tons, | do, but b-litv that if an ISSUE
Of bonds is AUTHORIZE, IL should be 10 thu
azure Ut popular loan OF at least 800,
OCO,UOO, covered by low interest be- ring
ong-life bonds, Say 3 per cent 10 30s, o
q nominations of 81 900, $500. $3.50, 500
$50 and S25, to be subscribed for and
taken Oy the peop @ of this country, anC
ali green backs retired by gradual pro
cess and a reissue of them prohibited
Such actiol would put d stop to al
least one kind of ruinous speculation il
American credit, and wipe out Of ex.s
'snce the present endless-chain system
which continually drains the treasury Of
gold"
"Would you require the subscription
to the S5OO,GOO,00O of bonds 10 be in
< Id?"
"Certainly, and thereby bring into
practical use the boarded gold of ihe
country. While the bonds should cal
redemption 10 CON- 1t would be better
and easier to deal with our own people
than to do as We have been doing, viz,
coin bond 10 gold of fore
ign creditor more az a matter of seoti
ment on account of imaginary necessIt,
to protect national credit than of law
but | am 50 isfied the question Of re
demption would adjust itself before the
bonds matured."
"Do you think sufficient gold would
be suec:iOed by the people to meet the
lssue?"
Eyes, and our citizens, 1 think, would
be found not less patriotic than the
French in loaning to their government.
To AVOID UNDUE CONTRACTION.
"Would not the retirement of green
backs ntract the currency to an iDjuri-
Dus degree, as the bonds used for this
would be held as investment securIties?'
81 think undue contraction could be
avoided by permitting the national bank
Of the country to increase their circula-
ton up to ninety per cent, and possibly
mora of their reserved bonded deposits
under a suitable tax adjustment, and
5ney would subscribe to the loan for
that purpose"
How would you satisfy the silver
nen?"
"By retiring from circulation and pro-
1ibitIpg the use OF paper money in de
under SO, d opening the
hints OF the country TO the free coinage
II both gold and silver. which would
compel the greater use OF sIlver. stimu-
ate ITS produ lion and assure it's parity
With O. Id, and thereby content itsfriends
Without unduly exciting the overpreduc-
of $40, $40, So and % 30
pieces"
The TARIFF QUESTION.
"How about tariff"
1T seems to be Il simple business prop
,s:tiop, that sufficient tariff should
De required to meet the expense account
II the government, and IT the same
lime protect American Industries and
nd labor. L think tariff commission
ID d be created, and the question re
moved in a greater degree from political
trife, ana IA frequently recurring dis
urber of American commercial inter
,sts."
How about the general legislation by
his congress, do you believe iu much
being dona?"
"Most assuredly do. The people
lected the present congress in belief
hat something would be done to re-
leve the embarrEssments of tn nation,
md il congress proves itself incompet-
mt. or negligent, the people will hold 'he
party TO a strict account
Iblity, and properly so. And l do not
-leive in temporary expediency or
rake shift plans, but in permanent and
Elective work. 1t is buniiating that
o a time of profound peace. the richest
ountry on earth, with limitless wealth
nd variety of resources, with abun
ant harvests and immense reserves OF
property comparatively up-
ouched. q nation of unreasonable pro
uctive power, should even be suspect
d of incompetency in regard to fioan-
methods or any other responsibility
1 government.
BELIEVES In Liberal APPROPRIATIONS.
"Do you believe in liberal Apr ,pris-
IONS and expenditures by the govern
lent?"
"Most certainly, il wisely distributed.
| do not wish to be understood as ia
oring wastful extravagsnce, but to
uild up the country in the way of inter
al improvements, coast defenses, per
lament good roads and public high ways
o water and land, under proper Offici
and care, [ would see bill
ons APPROPRIATED and expended, and to
o 10 debt for such purposes, L consider
he very wisest kind of economy. 1t
ould give employment to labor, relieve
istress, bring prosperity and happiness
!, the people, enchance the value of
aud be safe IN business way
the secuity which would be required
meet the obligations when they ma
lre."
My lady looks into the mirror
And her face it grows with delight,
As she sees the vast improvement
Since used Parks Tea each night.
She is never tired or weary,
Her ills and her pains have fed;
Since she drank OF Parks Tea each
evening,
A cup full on going to bed.
Sold by Fred Freshman.
Stolen Bicycle Recovered.
A short time ago fins $3.50 Fowler
lcycle belonging to the Rev. Ii. NJ Bell
as stolen from in front of the Dodge