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All the symptoms of the times suggest tl...

All the symptoms of the times suggest tl... image
Parent Issue
Day
1
Month
January
Year
1895
Copyright
Public Domain
OCR Text

All the symptoms of the times suggest tliat we are in the midst of the birth-throes oí an era which will be the embodiment of a higher intelligence, a higher manhood and a more magniticent wealth; with what consequent changes in social relations must mainly depend upon how far these drifts are impeded by meddling legislation. The halt of enterprise attending the present phase of transition is little more than the effect of a temporary ïninanageable superabundanceof products. It has come as the first consejuence of a stupendous aud sudden evolution of industrial production. There can be no possible question that such an evolution imparts the highest ultímate good to every class of meo in every interest of life. ïwo methods of adjusting this over-supply seem to offer: one is findmg new sources of consumption; the other in abating the existing hurry and over-work in every department of life. Both patience and sacriiice may be necessary before the new adjustments are affected, but the final result promises good for all.- New York Journal of Commerce. With the flight of each successive day the prospects of, and indeed the necessity for, an extra session of congress are becoming more apparent. Little seemingly is to be expected from the present congress. This is due to divisions among the majority and lack of time before congress will come to an end by limitation. The will of the people should not be delayed in its execution more than a year at any time, ieast of all in the present state of the country. The present intolerable financial conditions should not be allowed to menace the industries of the country an hour longer than is absolutely necessary. There must be and there is some rernedy and it is the duty of congress to find it and apply it. Last night, according to tíis announcement, John W. Gofï ceased to be special counsel for the Lexow committee. The total nonpolitical results of the Lexow investigation thus far- and probably it is closed- are one police captain named Stephenson sent to state's prison for three years, with $1,000 fine, for accepting a present of eight baskets of peaches; and one police captain named Creedon kept on the force who confessed that he paid $15,000 for his appointment, but swore at tbe time that he had paid nothing. A great many characters were ruined or smirched badly, and Special Counsel Goff, who was a poor attorney looking for clients six months ago, becomes judge of the recorder's court for a term of fourteen years, with a salary of $14,000 a y ear.- Chicago Herald. The standard silver dollar today requires a fraction less than half a dollar's worth of fine silver to make it. Fifty cents' worth of bullion is the raw material needed to make what the United States say is a dollar and oblige their people to accept as such. Here is a distinct premium of 50 cents on the commission of the crime of counterfeiting. The condition is so anomalous that a man might be. more honest than is the government that would jail him for putting more tban 50 cents worth of silver in its dollar. He could give 60 cents' worth of bullion where the mint puts less than 50 cents, and still be a criminal and the government be considered houest. - St. Paul Globe. The Rev. Dr. Parkhurst, of New York, thinks he detects a purpose on the part of the Lexow committee to shield certain persons in high position from the deserved condemnation to which their official acts would subject them. It would not be surprising if such were the fact. Such persons usually have a pull, and are not only able to shield themselves, but able to continue in high station to the detriment of the public service and contamination of new men who are appointed under them. Even if there were no other reasons for its enactment, the income tax should stand as a sort of an offset to the tariff system which places the burden of support of the government on the poorer classes. There is certainly as much justification in establishing a tax which will be borne chiefly by those in opulent circumstances as in laying one whose burdens rest most heavily on the poor. It is reported that the republicans will aid Senator Hill in his fight to prevent the appropriation for carrying the incorne lawinto effect.

Article

Subjects
Ann Arbor Argus
Old News