Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1898-01-05

. that there We're many misgivings about
the future of the tariff bill in the Sen
ate because of the fact that the Re-
publican party did not control that
body and cannot during the present
Congress. The element which did cor
troll it, however, saw that public
sentiment was so strongly in favor of
q protective tariff that refusal to per-
mitthe passage ofa bill with whose SEN
timents they did not fally agree would
be resented by the people. Now there
are indications that the same wise pol
icy will be pursued with reference to
the currency question. President Nc
Kinley's proposition for a retention in
the treasury of the United States
notes which are redeemed in
gold and legislation which will
bring an increase of national bank
circulation by an increase of the
sum which they may issue against their
deposit of bonds is proving extremely
acceptable, and being generally COM
mended, not only by large majority
of the members of Congress, but by
the people throughout the country. as
is shown by the reports received here
by members of both houses of Con
gress. The fact that this proposition
seems to lay the foundation for an
easy transformation of the currency
system without the shock to the busi-
ness world which sudden change
would produce and without increasing
the interest bearing indebtedness,
causes it to be very warmly commend
ed by people of both parties. This is so
clearly apparent that there is reason
to hope that the members of the Sen
ate, who have it in their power to de-
feat any legislation offered and sup
ported by the Republican party, will
take the same ground upon this ques-
ton that they did upon that of the
tariff and omit such factional or ex-
treme opposition as to prevent it's final
passage.
1t must not be supposed, however,
that this will be done instantly. There
are so many currency propositions, so
many men who have plans of their own
or plans which they have decided to
support that the whole matter will nee
essarily be very thoroughly discussed
before action is taken. But the fact
that the Presidents plan grows more
popular every day as it is discussed,
and that it appears to be simple
method of finally taking tte Govern
ment out of the banking business and
permitting the responsibility for main
tanning a sufficient currency and the
gold reserve to pass from it's shoulders
to those of the banks of the country,
may lead sufficient number of mem
bers of the Senate who are not within
Republican ranks to support it and
place a measure of this kind upon the
statute books.
Government Revenues.
Every days developments at the Gus
tom houses of the country and at the
treasury are being carefully watched
by those who are interested as to the
question of whether or not the Dingley
law is going TO produce sufficient rev.
enue to meet running expenses. Mr..
Dingley still maintains the belief that
II WlIls dINu lISdSulg OAhNidlS WIZ alS
watching its operations closely also be-
lieve that its revenue in the next fiscal
year will equal, and probably exceed,
the expenditures. Mr.. Dingley shows
that the revenue collected on the aDtici-
patory importations during the four
months prior 10 the enactment of this
law were nearly S40.000.0o0, all of
which would have been collected under
the present law had the importations
prior to its enactment been only nor
NAL He predicts that the December re-
ceipts, excluding those from the Pacific
railroads, viii equal the December
expenditures, and that long before the
fiscal year is ended the receipts under
the Dingley law will be sufficient to
meet all running expenses and produce
a surplus in the next fiscal year of at
least ten million dollars. There is 8
general feeling at least that the new
law should be permitted TO show what
1t can do Under nor.nal conditions. and
that II at any time Ii should be found
advisable to increase the revenues.
which, however, is not probable, II
Eeuld t3 accomplished without any