The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1903-10-09
WALL STREET AIDED.
re tsis~a states Tseasury Besag
nss In che Isseresss 81
stock Gaas buess-

price that Is being paid for many OF
the necessities Of life Is caused BY
the high tariff tax and the large mo-
nopoly profit that the trusts are.
through the tariff. allowed TO exact.
The tax paid through the customs dg-
ties and the internal revenue c0lIec-
tons are about sco. 200 .oDD Q year In
excess Of what IL costs to run the
government. and this vast sum Is with
drawn from circulation and is added
70 the surplus in the United States
treasury During the last six years
over $3.50 .o0o.0o0 OF the surplus has
been loaned 10 the national banks
without interest and che secretary of
the treasury Is now taking exrraort.-
nary measures 10 distribute the addi-
ton 10 the surplus that is constantly
accTuing- The refunding operations
that is. exchanging new bonds for old
ones and paying a premium TO the
h0lders-has been one way 10 distrsb-
ute this surplus and. rs most OF the
bonded deb; of the United States is
held by the banks. they have been
the recipients OF the bonus amounting
10 millions OF dollars II is now pro-
posed TO redeem the balance bf the
i've per cent bonds outstanding.
amounting TO sI9.5S5. ESQ. and pay a
premium of p. per cent. as these
bonds are due next spring This
premium is equal TO paying the six
nonths' interest in advance. another
very comforting bonus to the bond
holders. The secretary Of the treas
ury also offers the further advantage.
10 the banks that have any Of these
bonds on deposit as security for their
circulation. Of taking state. city and
railroad bonds and other securities in
place OF the United States bonds and
thus release them for final redemption
How kind Uncle Sam is TO his cred
itors. paying them long in advance
OF the maturity OF his obligations with
full interest: but. then. these bond-
holders are bankers and rich men
We never hear Of the secretary of
the treasury ordering the payment OF
pensions six months in advance,
though that course would relieve the
money stringency in all parts Of the
country and make many hearts glad.
but the pensioners are poor and can
not afford to contribute large sums 10
the republican campaign funds. and
that makes a striking difference.
Wall street is like the horse ieech.
the more money il gets from the gov
eminent on such favorable terms the
more II cries give, give, IL Is Of
ficially stated by a high authority
al the treasury department that Sec
Rotary Shaw has not yet exhausted the
aid he will render the bankers IL
greater necessity arises. and from the
continued stump in Wall street securi-
ties and the difficulty business men
have in securing loans and the rapid
decline in stocks and bonds there Sill
seems urgen, need OF more assistance.
II is a long way TO the cash in the
United States treasury. from the
money in the pockets of the people.
and yet every cent in the treasury has
been paid in taxes Il is the peoples
money and the law requires an act OF
congress before one cent OF Il can
be expended. Yet in practice millions
are paid out BY stretching or grading
the laws. and always these vast sums
are disbursed for the benefit Of the
national banks and never in the inter-
est OF the taxpayers The republican
leaders have . compIacent idea that
the taxpayers are satisfied with any
financial or other policy they deem
ft 10 inaugurate. anu that the repub-
lican voters are more than content
with the way their political leaders are
administering affairs Of the govern /
ment- The majority OF the repub-
lean voters may be satisfied. but there
is a strong minority that are friends
of honest. Straightforward and eco
romical management Of the financial
and other executive departments OF the
government end will vote 10 in
augurafe IT.
This large minority Is loudly call
ing for tariff reform and protection
from trust extorri0n. In one state
they call IL the Iowa idea. in others Z
reciprocity. and in some free raw ma
serials. but everywhere the house
keeper is saying how much more II \
costs to live than II used TO do. For 4
the past six years the same complaint \
has been made. gradually growing 1
louder Some OF the republican poll
rcians have promised reform after \
election. and are still making the same 4
reply. Others say: Let well enough I
alone We are doing well. why up
set business By prosecuting trusts or
the tariff, To reduce taxation
instead Of piling UP an enormous sur
plus Is the last thing these stand 4
patters" will listen to- The inquiry.
however. is pressed by the peorse.
why make US pay taxes that you can
not spend. even under the most extrava-
CANT administration we nave ever
known The republican leaders an
swer. "Yoa do not know when you
are well OF. Continue 10 let well
enough alone IF the tariff il too
high II should be reduced: II IL is too
low, Ii should be increased" That is
the latest expression from a rep1b-
Iican convention