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Parent Issue
Day
30
Month
January
Year
1894
Copyright
Public Domain
OCR Text

A large number of sample copies are sent out of this issue of the Argus. We want the Argus taken in every house in the county. It is published every Tuesday and Friday, one hundred and four papers every year. It costs only $1.00 a year if paid in advance, less than one cent a copy. Trial subscriptions for three months, twenty-six numbers, will be taken for twentyfive cents. ít inakes a specialty of county news and publishes more of it than any other paper. There is no one but can spare one cent for a paper. Read this issue and subscribe. M. Arnakumovics tried to form a cabinet in Servia, but he couldn't find enough people who could pronounce his name to fill the places. Four ex-union soldiers have just been elected to city office in Tallapoosa, Fla. There were only three persons elected who were not exunion soldiers. By the action of the democratie caucus last Friday the internal revenue bill including the income tax bill was attached to the customs revenue bill as an amendment. According to the national erop report for January, Michigan produces more wiieat and corn to the acre than any other state, and the price at home is quoted as higher than that of any other state. Week before last President Cleveland gave a diplomatic dinner and among the guests were the Chinese Minister and his wife, the latter in court costume. She is said to be the first Chinese woman who ever broke bread in the White House. The republican papers are swearing by Congressman Haines, of New York. He is the man who built the motor line between Ypsilanti andAnn Arbor without putting in his own money, and his reputation for strict truth and veracity hereabout is such as to commend him to the republican press. At the present stage of the game, and at all others stages in fact, the resolution recently offered in the Senate by Senator Vest, of Mississippi, comes nearest to the genuine American idea of the proper solution of the Hawaiian problem. It is as follows: "Resolved, That the people of the Hawaiian Islands should be left to choose and maintain their own government." Detroit's great and only Fred A. Uaker, has, according to the Evening News, rendered a decisión denying the right of the state board of canvassers to recanvass at this time and correct errors in the canvass of last spring. But as the board has already done this same thing by the authority and direction of the Supreme Court, the court will now undoubtedly, hasten to get under constitutional cover by reversing its decisión in the matter. Judge Pierson has decided to cali a grand jury soon to investígate the salaries amendment scandal. This is right. The matter should be sifted to the bottom, no matter whose rascal is smirched. The fair name of our state demands it. [udge Pierson and Prosecutor Gardner have the reputation of being able and fearless officials and this is sufficient to lead to the belief that nothing will be left undone to bring to justice the persons who have lrought this clisgrace uport gan. The republican officials at Lansing! and the republican press of the state I are trying hard to make a scape goat of Clerk Potter who was recently fircd from the office of the secretary of state. It wont do however. The inevitable conclusión will be that, if Clerk Potter was guilty of complicity in" the amendment steal, his part in the matter was performed with the knowledge and consent of the secretary himself, and that his retention in his position, he being a democrat, was as a reward for this duty work. There seems to be a question as to whether the sale of govermnent bonds will result in increasing the government's stock of gold or in diminishing it. If the gold that is paid for bonds is taken from the holdings of individuals and banks it will; but if, on the other hand, it is drawn from the treasury by presenting legal tender notes for redemption, as it may be, it will result in aggravating the very conditions it is intended to relieve. The increase in the number of legal tenders presented for redemption during the past few days, would indícate that some of the treasury reserve will be drawn out for the purpose of using it in the purchase of bonds. It is not thought, however, that the loss in this direction will be large. Special elections in the Fourteenth aad Fifteenth Congressional Districts of New York are held today. The thief interest in these elections lies in the indications they will give as to the present drift of public opinión on the question of tariff reform. The democratie candidates are able, clean men and stalwart tariff reformers, while the republican candidates are extreme protectionists of the McKinley stripe. The districts are usually safe, the Fourteenth having given a democratie plurality in 1892 of over eight thousand and the Fifteenth over eleven thousand. All indications point to a decisive democratie victory. It is to be hoped that every democrat will go to the polls and express with his ballot his loyalty to tariff reform It is important that there be no weakness or wavering in the ranks at the present stage of the battle in congress. Employers of labor are guided by no other rule in the employment of labor but to secure what their necessities require at the lowest possible rate. The claim, therefore, that a high tariff on manufactured articles affords protection to labor is absurd. A heavy duty placed on imported labor, thus creating a restricted labor market, would protect workmen, but so long as we have free trade in labor and a high tariff on manufactures, all the benefits of protection will be pocketed by the protected class. Whether profits are large or small no man is paid more for his labor than is absolutely necessary. The history of protection does not show that a proportional increase of wages or any increase in fact, has ever followed as a direct result of increased protective duties. Labor, as a factor in business, is not paid according to what it is worth to the business, but only what the capital of the concern can forcé it to take. For these reasons workmen have nothing to fear from a reduction of the tariff, because, if a reduction of the tariff does lead employers to reduce wages, this reduction will be more than offset by the decrease in prices of things laborers have to buy. We believe there is no question but that labor will be benefited by a reduction of the tariff. According to the Treasury statement of December ist last, the amount of United States currency issued and in circulation is as follows: First, the gold by which all other kinds of money and commodities are measured #575,000,000, of which amount about $70,000,000 Ls in the treasury, and the rest in circulation. The amount in the treasury is what the government depends upon to keep its silver and paper at par. There are also $78,-! doo,ooo gold certificates nearly all of which are in circulation. Of süver dollars, $419,000,000 have been coined, but of this number only $58,000,000 are in circulation, the remainder being in the treasury. There are $334,000,000 silver certificates, 328,000,000 of which are in circulation, and also $153,000,000 other representatives of silver issued in payment for silver bullion purchased by the government. Of this paper there is in circulation 8150,000,000. Of United States legal tender notes there are outslanding $31 1,000,000 and $35,000,000 in the treasury. The currency ;ertificates amount to $33,000,000, ind the National bank notes number $208,000,000 of which imount $190,000,000 is in circu-, ation and the remainder du the :reasury. All of this is secured and tept on a parity by the gold reserve, the bullion value of silver and :he credit of the government.

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Subjects
Ann Arbor Argus
Old News