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About The Corvallis gazette. (Corvallis, Or.) 1862-1899 | View Entire Issue (Nov. 19, 1897)
A GREAT INDUSTRIAL WAVE Continues to Sweep Over the Land, Placing Prosperity on a Solid Basis. r Various Sections Vie with One Another Proclaiming the Return of Qood Times. f "i HE record of mercantile and I manufacturing activity continues -- to verify the predictions of those trade optimists who have been contend ing all along that the Upward move--ment-ls not spasmodic or speculative but actually rests on a basis of growing . demand which is destined to be perma- : Dent It is now over three months since the new tariff law was approved by the President. While the most ultra-pro- . tcetionists will not contend that the new law could have such a marvelous : effect upon trade conditions In so short a time, no careful observer will deny that the revival of business confidence s has- been steady and continuous since Its enactment. It is an Illustration- of what a settled economic policy on the part of the Government will do for the business interests' of the country. The significant features of the phe nomenal trade improvement are the heavy Increase -In Iron production and consumption, the largest payments through clearings ever, known in Octo ber, the Increase in the employment of lahAr on I tho hronkpr In whpjlt exports. At every point where .actual production can be tested It appears greater than before.- The Increase in1 the employment of labor has continued and there are dally reports of resump - tlon of wor.lt In idle Tactories and sharp advances fn wffgfes.;. ;"'.'- : - J -. ; ' -f -The September exports of wheat sur pass all records, amounting to 2o,808,- lastifear.he value. being pv.en 1X)0 jer cent larger for all breadsttis. For the week just Closed. the total exports . of . wheat 'fom both coasts of the United States aggregated 6,039,'720 bushels, against 4,835,641 bushels last week, "4,--156,817 bushels a year ago and 2,409,000 bushels in. 1895. s "With1 such,, a favorable showing in . all departments of business activity the pessimistic calamity wnr hasn't a leg left to stand on. ; n ' ' Kfliiwi Tr PrMtwrATim. A correspondent in Wichita tells of re markable revival thus: H- a miracle been wrought beside the Kansas Nile? Is this a case of the dead brought to life? Truly prosperity has breathed into' the nostrils of Wichita. The fever of boom ing raged here in its most malignant form. It was followed by- a trance-like state of such continuance that some mistook it for death. But an awakening has come. The flash of returning health is plainly visible. The pulse is beating strong. In the banks of Wichita are more deposits to-day-than at any previous time, since the boom was at its height nearly ten years ago. They are exactly double what they were one year ago. On one of the principal corners stands a bank , which has been organized a year, with 25,000 capital. It has in deposits to-day $250,000, just ten times its capital stock. Six hundred loans came due this year in Sedgwick County, of which Wi chita is the seat, and 450 of them have been paid off. Money is going begging. Block, the millionaire capitalist, has been trying for three weeks to place $40,000 where It will earn something and still has it Traveling men for Wichita job bers, whose sales a year ago averaged $8, 000 a week are now turning in orders for $20,000 a week. A new mill grinding 300 barrels of floor a day has just started. In the directors' room of one of the banks eight or ten of the substantial men of Wichita were gathered to make prepar ations for the Kansas bankers' conven tion, to be held here. One of them talked and the others acquiesced in this view' of the changed eonditioSk: "We are infinite ly better off than we were last year. We have doubled our deposits and are carry ing stronger reserves than ever before. We have on en average 60 per cent in cash in our vaults. Our jobbers are doing double the business they did last year. There isn't one of them that can keep up with his orders. We have five wholesale grocers, two wholesale drug houses, two jobbers in dry goods and the same num ber in boots and shoes. Ten or fifteen more jobbers could come here and do well. The country banks all around ns are in fine condition with larger deposits than they ever had. The live. stock interests in this vicinity are larger than they ever were. The reports show that we have 68,000 hogs . in this county of Sedgwick. In Sumner, the next county, the wheat crop this year was 4,500,000 bushels, more than was raised in any other county of the State. More people are buying homes in Wichita than at any time since the boom period. The books of a leading real .estate firm show more transactions in six week 8 past than in six years preceding. We think good times have come to Wi chita to stay." And these are but a few instances of Wichita's prosperity. Trade, Price and Iron. All other facts and conditions in the business situation are of small conse quence by the side of the sudden and rapid increase in September in the con sumption of iron. The production of pig Iron is no greater in fact, it is a little less than two years ago. 'The weekly production, Oct. 1, 1895, was 201,414 tons ("Iron Age" figures), and on the first of the current month the total product, weekly, was 200,128 tons. This makes the product practically equal now and two years ago. The consumption has, however, greatly increased. In 1895, when the product rose 30,000 tons in three months, from July 1 to Oct. 1, against 86,000 tons now, the unsold stocks stead ily grew. This year the unsold stocks have fallen in three months from 1,000, 812 tons July 1 to 691.527 tons Oct. 1. a in fall of 309.0S9 tons. The amount of iron made now and during three months past iB very cloeely equal to - the. amount in 1895; but the amount actually consumed Is considerably greater. This goes to the root of prosperity be; cause the consumption of iron is the best possible measure of the activity of rail roads, both in maintenance and in new construction, of house building and of new niamifacturing- plants. This increased ac tivity also was chiefly in the past month. From July 1 to Sept. 1 stocks only fell 130,502 tons, In September pig iron stocks e!l 172.5S3 tons. Taking pro dilution and stocks together, in July and August, about 172,700 tons were consum ed eaeib week; In September 220,200 tons weekfy. Here is an increase of 53,500 tons in the weekly .consumption of Iron in September over the average of July and August, an Increase of 31 per cent. Such, an advance in the consumption of iron indicates a very large advance hi the disbursement- of- wages, -.because .the amount spent on any euterprisefor iron Is a very small sha,re of the total expended for wages in the same enterprise - ' More of It. . ' The Financial Chronicle notes many proofs of Improving business. Bank clear ings in August were 36 per cent better than ;in. August, 1896', and Sep'tember clearings are 50 per cent better; ;; The September clearings, In fact, are the larg est in our history. Failures were but 1,012, with : liabilities of 51Q,09,033r against. 1.514 failures, with $29;774;917 of liabilities In .the. same month last year. Railroad earnlng;were 13.5 per cent bet ter on eighty-four roads than on the same roads ih'the same month of ,189G. ,.These are cheering Isigns of a general growth, in business and1 returning prosperity. , If we could only quiet our jingoes adgi,vj prac tical interests a,.cfia,nA5'e',a-'-bi4gh't future might ' bp anticipatedinBiiltimore Suk (Dem.)l " What Comptroller-Eckels Saya.. 1 The statement of Comptroller Eckels of the United States., treasury in regard to the business Improvement throughout .the country is very .encouraging He states" that ."the improvement has come rapidly and' permeates all lines of .industry, it began with 'the agricultural, class.; The' farmers have large crops and are getting good prices for then.. The cattletrajsers are benefited by a substantial rise in 'the price of cattle. The same Is true with the sheep raisers. This improvement in agri cultural earning has had its effect, on'the railroads by increasing their 'earnings.-It has put . money into circulation and en abled -people toLpay-off their debts, and has thereby benefited the merchants." ''-; A Snre Barometer. The monthly statement of the postal re ceipts of the principal, cities pf .the,, coun try -which has just been m.84e, 'public, is of great significance as an indication of. the condition , of ; general . .business. - A handsome increase in 'the Income, of the POStofflces of the leading cities was made In-September, as compared with the same month in 1,896. In only a few places of 50;000 inhabitants or over was there any falling off. in.the -month. . One of these waSfNew Orleans, where the decline was probably due to the yellow fever, which has seriously depressed business in that town and throughout a large part of the region bordering on the Gulf of Mexico. Banks Attest Revival. St. Louis bank clearances in the week just ended, which were, in round figures, $30,000,000, wre up near the highest line ever reached. -The increase over the same week In 1896 was 28.2 per cent. Proba bly If, the yellow fever scare In Texas and along the gulf coast were ended, S.t. Louis clearings these days would be breaking all records. Part of the territory thus affected is, In a business way, tributary to St. Louis. St. Louis Globe-Democrat. Popocrats, Attention! . What were some of those remarks that were heralded around from Popocratic stump to stump last year, Vo the effect that our currency was so limited and con tracted that we could not do" business', and that the only hope for a return to prosperity waa through -the free coinage of silver at 16 to 1? It is quite evident to observant men that some of these Pop ocrats were laboring under a mistake, be cause by reference to the election returns of 1896 it will be seen that the free coin age proposition was not adopted, and yet here we find in the country to-day nearly a hundred million dollars more in circula tion than there was a-year ago, and not a dollar of it free silver. Gold alone has increased in circulation in the last year over 'fifty million dollars. . " A Wise Action. The President's action in the appoint ment of a special reciprocity commissioner to arrange our reciprocal trade relations with the countries entering into our recip rocity agreements is spoken of with gen eral satisfaction. Under President Har rison's administration these matters were attended to through the State Depart ment, whose tedious routine methods occa sioned considerable delay, but the sub ject was an experiment at that time, while under the last administration the recip rocity treaties were all abrogated, leading to retaliatory measures on the part of Spain, France, Germany and South Amer ican republics. Sectionalism. The spreading of protectionist sentiment in the South, the impartial and wholly na tional spirit which has determined the provisions of the Dingley law, and the wise and statesmanlike utterances of President McKinley have gone far to de stroy the remnants of that sectionalism which, forty years ago, threatened to de stroy the Union. There are enemies of America and "of American Institutions Who are fond of prophesying that the time will come when the United States will split up into Beveral different countries. .The wish is father to the thought, for it. has no real basis on existing facts." Every true American knows that that time will never come, and deplores and condemns any talk which tends -to- arouse sectidnal isiii; v ' .-' . .' - ; 'What spirit of sectionalism still. exists, we owe almost entirely to the free-traders.. They, systematically try to stjr' up the West against the East on the ground that protection unduly favors the :' iEastern manufacturers; they try to rouse the East against the West because, as they, say, protection favors the Western ranchers to the detriment of the people of the East; they try to arouse the South against the North and the North against the South. It Is quite consistent that those whJ woujd' make a catspaw of our own country tin. enrich the nations of the earth should try to sow the seeds of disunion within pur own borders. The American people' are indebted to the free traders, for. many evils, and not the least Is this effort of theirs, on every occasion, to; stir p a spirit of sectionalism.- It is an evil which should be stamped out in summary fash ion and all honor should be given to that thoroughly American law, the Dingley law," which, by protecting all sections of the country alike, has disarmed section alism, - -,. - . ' American Machinery in Africa. The British vice-consul at Loanda states that up 'to the present no British -firm has ' sent -out a -representative to Angola'.' There Is a fair demand for cane-crushing mills, steam engines and turbines. A representative of an American firm is out for the third time within four years, and has done good business. He sees no rea- NB of the most prominent f dartres :of Washington, D. C, and a scientific establishment of world-wide reputation I is ;the Smithsonian 'Institution.- -'it -was founded, by act of Congress, approved Aug. 10, 1846, on the bequest of James Smithson of Encland fdrthe-.'-'increase and diffusion of knowledge was $515,169: the residuary legacy-... thorized the increase of the fund to $i;o06,000,:and $108,620.37, resulting from savings' of income and increased value of investments,, was added to the amount then in the U. S. treasury, making the fund $650,000. , Later bequests have in creased it to over $700,000, , of which the interest: is available and sufficient for the support of. the institution. The Smithsonian building is one of the most Imposing .edifices in the United States. Its architecture is of the Norman or Rom anesque stjfle. The material' of which it is constructed is a lilac-gray freestone, mined twenty-three miles up the Potomac from Washington. - The corner stone was laid May 1, 1847, in the presence of President Polk and his cabinet. , On Jan. 24, 1865, the building was partially destroyed by fire from a defective flue. Scientific operations were not, however, seri ously impeded by the fire1 and ,the;great building: has since been gradually restored, until now it is wholly reconstructed and fireproof. ' . '" ''''"'-. . By law the Smithsonian Institution is the depository of the -national museum, which, is a collection of "all objects of art and of foreign and curious research, and all objects of natural history,-plants and geological and mineralogical specimens belonging to the United States." It Is particularly rich In objects illustrative of ethnology, ornithology and ichthyology. Few speenmens are purcuased,- additions being made through gift or by exchange. In the early history of the 'institution it established a system for the interchange -of American and foreign scientific thought. By this system, which , has now attained great proportions, societies and individuals are brought into close communion by the interchange of pub-, licatlons. This system, which costs nearly $16,000 annually, was established in compliance with the second provision of the founder's will, which enjoined the "diffusion", of. knowledge among men. . The Smithsonian Library .was several years ago transferred to the care of the Library, of Congress, and now forms the National Science Library. " It consists of about 110,000 volumes. For a number of years the institution conducted 1 an extensive series of meteorological observations, but these were discontinued when the United -States - signal service bureau was established. The Institution issues three series of publications. The first Is a quarto entitled "Contributions to Knowledge"; the second an octavo' styled "Miscellaneous Collections," and' the third an octavo Annual Report. The Institution is not a national,' but an individual, establishment. That Smithson did not intend the benefit of his gift for the exclusive enjoyment' of any . one people is plainly indicated by the terms of the instrument conveying the legacy. - " son why the British manufacturers should not do equally well, and says that "the American machinery is inferior to that of British make, and cheaper, buti it; sells well, and that is the principal thing.". If a few English firms were to subscribe to gether and send out a 'man to visit the Islands of Principe and S. Thome, and then Loanda, Benguella and Mossam medes, so that they might get an Insight into what class of machinery Is required in those parts, their money would not, the vice-consuljstated, be badly spent, and they would learn a great deal. They would probably learn something about the superiority of the American machinery. Louisiana Business Improved.' The Shreveport Jobbers and wholesalers unite in saying that the business season Is opening nicely and promises to be unusually active. They are In a position to know, and we hope and suspect they are correct In this 'conclusion. Confidence is gradually Increas ing In all departments of trade, and It really seems probable that the long expected era of prosperity Is about to dawn upon our fair and fertile Southland. It is trusted that the expectation may meet full realization. Shreveport (La.) Times. We are glad to learn of this business im provement, and trust that it extends throughout Louisiana. The unswerving efforts of United States Senator McEn-ery-to secure protection for, and to pro mote the interests of, his State are promptly bearing good fruit. Whenever the sugar industry of. Louisiana is pros perous, then all its wholesale and retail interests must be in the same happy condi tion. - They Are Disappointed. The Democratic orators who' were ex pecting to make mince meat of the feature of the Dingley law relating to exportation of American manufactures have lapsed into singular silence. Nor are they mak ing comparisons of the exportations un der the new law and those of a year ago under the Wilson law. For their exclu sive information, attention is directed to the fact that these exportations aggre gated during the second month of the Dingley law $103,360,000 as against $83, 756,000 ia t& corresponding moetii of last year. DISCOURAGING TO BRYAN1TES, Money Circulation Increases a Hun-''- dred Million in a Year.' Mr. Bryan and his free silver colaborers wbnld'like to blot out the newspaper rec ords of their speeches a year agor; It was just this time in the campaign of 1806 that they were asserting that the country was suffering from a lack of currency, and could only be supplied by. the free and un limited coinage of silver. The people of the country .did not agree with, them, and free and unlimited coinage has not been put into operation:- Yet the October statement of the 'Treasury Department shjows that the money In circulation to day is, in round numbers, $10,000,000 in excess of that one year ago. " Curiously, more than one-half of this increase is In gold. The following table, iss'ued by the Treasury Department on Oct. 1. 6hows' the money in circulation Oct. 1, 1S97, com pared with Oct;, 1896: - -, Afrit. In nlren- Amt. in circu la Hon Oct. lation Oct. 1. 1896. $478,771,490 56,513.178 60.228,298 33.736,639 S54.431.474 88,964,047 249,547,300 84,305,000 220,804.863 1. 1897. Gold coin $528,098,753 Standard silver . dollars . , Subsidiary 67,145,770 .61,176,415 :.86.S0s!553 374.620,299 ; 89,816,063 251,795.544 52, 825.000 228,434,133 sil- ver Gold "certifl-: c-ates ; Silver . certifi cates ........ Treas. notes, act July 14, '80.-. United States notes Cur. cer,tiflets.,' act June 8, '72 Nat. bank nts.: -Totals . ..'..$1,678,840,538 ' $1,582,302,259 A -Pittnbl Spectacle. - -The American people must be proud of the record the! defeated candidate of the Popocratic party of lost year is achiev ing In making ,ot himself a drawing card SMITHSONIAN INSTITUTION. $20,210.63: total sum derived from the bequest, $541,379.63. In 1867 Congress au for county fairs through the country. Mr. Bryan "lectured" at the Wichita, Kan., county fair the other day, under an agree ment to receive one-half of the gate re ceipts.. . This was paid him, amounting to $2,400, but it was then discovered that he had been swindled by the management, which had made extra charge for grand stand tickets and for selling beer, the pro ceeds of which were not divided with Mr. Bryan. Railroad Men Were Wise. The railroad employes of the country are not regretting their labora .and votes of last year in favor of McKinley, sound money and protection. 'The gross earn ings of the year just ended for the rail roads of the country are $75,000,000 greater than in the year preceding, and the number of people employed has large ly increased, with a higher scale of wages m many cases. Railroad shops have start ed up all over the country on full and overtime, giving employment to thousands of old hands who had been thrown out of employment by the previous depression, and the difference generally between con ditions in railroad circles now and a year ago shows a remarkable change. . Exports of Manufacturers. - The excess of merchandise exports for September reaches the stupenuous figure-Of $62,281,187. This is $7,000, 000 over the most liberal estimate and $15,000,000 more than seemed likely two weeks ago. Never in our commercial history' have exports been so large from the lesser ports and this deranges all cal culations. The excess of exports is al most twice the excess in September, 1896, $34,275,108. Last year the cotton crop was early. This year it is late. It is mov ing in October when the excess of mer chandise exports was $63,049,267. Im ports are this year less than last year for New York by $2,175,000, and while ex ports from New York are about $500,000 less, they are undoubtedly larger for the country, as, 62,000 more bales of cotton and 2,600,060 bushels of wheat are known to have been exported from all ports. The heavy excess of Septemberwill therefore be in all prooaoility equalled and the two month will have an excess togetbaar f $120,000,000, or about $2,000,000 a day. The gold exports which have begun are therefore small by those which will follow and they will come at a time when the treasury at Washington holds within $4, 000,000 as much gold as the Bank of England. Not unnaturally discount rates are falling here and risking abroad, and with the rise abroad in discounts has come a sale of American securities to this coun try. : The national mortgage is being paid and one more step taken toward the finan cial and commercial, supremacy, of the world.. Wheat prices turn just now on Argen tine supplies, which may be from 10,000, 000 to 50,000,000 bushels, mo one knows which.- Free exports, continue and the Western farmer Is making his sales at higher profits and less trammeled by arti ficial causes than in a number of years, to the national advantage. The Daily Dry Goods Reporter puts the cotton yield at 9371,000 bales of 500 pounds. This would be, with one exception, the largest crop on record, and both cotton and-print cloths fell last week. Bessemer pig and steel billets rose last week and in general iron and steel look to larger prices. The ship ments of boots and shoes are now at the highest figures reported. Philadelphia Press. ." They Acknowledge the Corn. Thesilverites have at last weakened In the face of the rapid depreciation in the value of their metal. It was a matter of surprise that they should have shouted silver as long as they did, in view of its steady depreciation, but they were doubt less in hope that something wheat or something else would carry it up again to its price of last year. Instead of this, it has gone down like a chunk of lead, lit erally, and finally stands at such a ridicu lously low figure that they have been forc- among men." The amount first received ed out of self-respect to quit howling for free coinage, and are now kicking around the political junk heap for some other worn-out kettle which they can patch up and hang over the political fire. - Far from Discouraging. The free trade organs are fond of compar ing the tariff receipts of the first sixty days of the Dingley law with the first fclxty days of the Wilson law well knowing that spe cial conditions operated In favor of the Wil son bill before its passage and while the Dingley law was pending. Doylestown (Pa.) Intelligencer. . Allowing for the disadvantages under which the Dingley bill suffered, during the first sixty days of its enactment, a comparison of Its results with those of the Wilson bill during its first two months' incubation, is far from discouraging to the friends of protection. It will be found elsewhere. American Bluntness. ' It is Secretary Sherman's blunt way that is displeasing to Englishmen, and it certainly does not place Salisbury in the most favorable light. The American people will not think any the less of Sec retary Sherman for the opinions regard ing him of the English press. He may be wanting in the useless arts and wiles of diplomacy, but he knows how to state facts so that everybody can understand them and he has shown himself to be a match in controversy for Salisbury or any other British diplomat. Omaha Bee. . ' Good for the Dingley Law. Senator Jones of Arkansas called atten tion in a speech in the Senate to the remarkable record of the Wilson law as relating to the exportation of American manufactures. And yet the exportations of this class under the second month of the operations of the Dingley law were 25 per cent in excess of those of the corre sponding month of the Wilson law of last year. , Won't Acknowledge the Corn. Already the law (Dingley) Is vindicated so far as Its effect upon the Industries of the country is concerned. It will be justified In due tiai as a revenue measure. Omaha (Neb.) Bee. True. But the free traders will never be honest enough to acknowledge & PARAGRAPHS WITH POINTS.. Short' and Timely Commentaries sat Men and KventB. There will, it is announced, be six cel . tial eclipses in 1898. But there" will ba other eclipses, too. "' The sliver envoys who went to Japan to see why silver was demonetized don't seem to be in any hurry to report. - Time is passing, gentlemen. Under President Cleveland the per cap ita circulation in the country fell to $21.10, but it has increased under Presi dent McKinley to. $22.89. Even the Tammany ' Democrats have snubbed Mr. Bryan. He wrote them urg ing that they should put silver into theiff platform and they promptly responded by keeping It out. Xobody has teen heard to hint for the past two months that William McKinley made any mistake last fall when he re marked that he thought it better to open the mills to American labor than the mints to the world's silver. : It is hinted that the Democratic ticket of 1900 may be Henry George, of New York, and Tom Johnson, of Ohio, on a platform of single tax. The party must have an issue, you know, and as free trade arid free sliver are dead there seems to be nothing else left. The year ending Sept. 1, 1897, was a bad one for the wheat-and-silver-hand-ia-haad theory. One ounce of silver on Sept. 1, 1S96, was worth just as much as one bushel of wheat in New York. On Sept. 1, 1897, it. took just two ounces of silver to buy a bushel of wheat. It is understood that Mr. Bryan will issue another book shortly, to be entitled "The Complete Letter Writer," and that it will contain full instructions on the art fcf getting private letters into print "with out waiting for the aid and consent" of the party to whom they are written. The earnings of the Dingley. law in th second half of August, were slightly in ex cess of $9,000,000; those of the first half of September were over $10,000,000, and those of the last half of September were In excess of $11,000,000, showing a steady and gratifying Increase In income under it .'.-- "The true story of Mr. Hanna's attitude to his workmen and toward union labor, as far as his mining interests in Western Pennsylvania are concerned, is that he is the best man in the whole district to work for." From statement of . William War ner, Secretary United Mine Workftt of Pittsburg District. ' The treasury receipts under the Dingley law are steadily. increasing. The receipts of its second month are greater than those of the second month under the Wilson law, despite the fact that the Dingley law found- the country filled with foreign goods, while the Wils.on law. found many millions dollars' worth, of goods waiting to:-enter and contribute to.' its earnings. ' The Tammany. Democrats evidently thought a live 'national chairman better than'a dead presidential candidate. Chair man Jones advised them to give silver the cold shoulder inheir platform; Ex-Candidate Bryan urged them to embrace IV As Jones will remain chairman until the national convention of 1900 is fully organ ized, the wily Tammanyites stood by Jones. ( .' , The Philadelphia Pres ' has made a careful canvass of the State of Pennsyl vania, sending out 102 inquiries into the 67 counties of the State relative to the business and industrial conditions. The result is most gratifying and the reports unanimous to the effect that times have greatly improved, factories started up all over the State, orders are coming In and labor finding employment everywhere. The leaders of the calamity party are overjoyed at the slight fall in wheat late ly. They are expectantly watching quo tations, in the hope that something will conduce to a further depreciation of its value, so that they can say, "We told yon so" to the farmers.' The fact that an ounc"e of silver a year ago was equal In value to a bushel of wheat, but now buys only half a bushel, has knocked the wind out of their specious arguments. A couple of months ago the free traders looked complacently at the large exporta tions of manufactures under the Wilson law, and were only waiting to point exult ingly to the falling off of these exporta tions under the new law. It seems, how ever, that they were wrong, as usual. The first month of the operations of the Ding ley law showed a larger exportation of -manufactured articles than for any corre sponding month of preceding years. So much for their statements that the enact ment of a protective revenue law would cut off our market abroad for 'American manufactures. . . A Rebuke to Demagogues. To the demagogues and agitators who are assailing the corner stone of Ameri can government, the judiciary, the ex ample of Justice Field comes as a speak ing rebuke." Field entered upon his duties just before tje most trying time in Amer--icon history, the period of reconstruction. During his long career on the Supreme bench he won the respect even of his bitterest political opponents. He was ever true to his convictions. Cincinnati Times-Star. , Have Money to Spend. Profits and wages being good In the States may cause such demand all round that the British trades will feel something of it la spite of the tariff. Bradford (England) Ob server. . We think so. This was the result dur ing our prosperity under McKinley pro tection. When money is abundant here, our people always buy freely of British luxuries. It is from such purchases as these that we add largely to our customs revenue under a protective tariff. Nebraska's Best Hope. Mr. Bryan's remarks in a private letter of admonition to his friends in Nebraska that the Republicans are working night and day to carry the State. No doubt this is true, and it will be great good luck for Nebraska if the Republicans succeed in their object. St. Louis Globe-Democrat. Hardly Possible. The country wants a rest from tariff agita tion and tariff tinkering, and besides there is no reason to suppose that the present Con gress would pass any better tariff law. Lynchburg (Va.) News. We doubt whether any Congress could pass a better tariff law. ' ' Speak Up, Mr. Bryan. Mr. Bryan was heard to say some months ago that he would be glad if the McKinley administration could bring prosperity to the country. That was vetT patriotic, but has anybody heard nis ex pressions of sausraction since it has com3