Heppner gazette., July 20, 1897, SUPPLEMENT, Image 6

SUPPLEMENT TO
The Heppner Gazette
Edited by tb
McKIMEY AND HOBAKT CLUB,
HEPFKKR, OREGON.
BUSINESS IMPROVING.
FRESH EVIDENCE FROM EVERY
PART OF THE COUNTRY.
Democratic and Republican Journal
Vie with Each Other in Aaaurancea
of Returning Bnalneaa Prosperity
Beporta from All Direction.
History May Repeat.
Twenty years ago, in 1877, the country
was enshrouded in the gloom of a busi
ness depression, consequent upon the pan
ic of 1873. There were plenty of prophets
who predicted that the times would never
get any better, and the mass of the peo
ple were discouraged and about ready to
concede that the prophets of evil were
right.
But in the fall of 1877 signs of improve
ment began to appear. The general the
ory was that a more hopeful feeling was
induced by the approach of the date for
the resumption act to go into effect.
There was no doubt something in this
theory; nevertheless plenty of "states
men" were found who asserted that re
sumption would be a failure, and that
business would be injured rather than
helped by the attempt to resume.
But in spite of all the talk, the times
continued to improve steadily. They
were much better iu 1878, and in 1879 the
rising tide assumed the proportion of
omething like a boom. Some of our Min
neapolis people who carried real estate
through the period of depression, and
nearly broke their backs doing so. will
remember that by 1880 it was salable at
advanced and advancing figures. In the
next few years the prices of realty here
and elsewhere In the country reached the
highest prices ever known before or
ince.
The history of this country appears to
ahow that panics and recoveries run In
about twenty-year periods. There was
the pnnic of 1873, followed by five years
of depression: the beginning of recovery
in 1877; the full tide of recovery in 1870,
followed by a period of prosperity lasting
until 18!)2. Then came the panic of 18!)3,
followed by the period of depression
which we are now experiencing. To
-aome there are as yet no signs of Improve
ment discernible, while to others there is
already a faint glimmer of dawn. Many
are looking forward to the passage of the
tariff bill o the starting point of a new
period of prosperity. But whether from
that or some other cause or causes, it is
quite probable that history will repeat It
self, and thnt in the fall of the present
year, or the beginning of 1HU8, we shnll
witness a notable improvement, followed
by perhaps ten or a dozen years of great
prosperity.
The cycle is nearly completed. We
have experienced nearly five yours of de
pression since the election of Cleveland In
18011. It is about time for a change in
the natural order of things. Exchange.
From High Authority.
The statement of failures In Mav bv
branches of business gives much encour
agement. In amount of defaulted liabili
ties the month wns the smallest since
Reptemlier, 1SKB. In manufacturing lia
bilities the smallest since November, IN! 15,
and In trading llubllities the smallest
since September (excepting the last
month) 1MM. Failures of general stores
have not been as small In any month as
in May, 1807; In only two months out of
thirty-six have there been smaller failures
in books and hats; only five in groceries;
and not one trading class In that month
tias reported failures larger than the
half during preceding months, though in
furniture failures are rather numerous.
In clothing manufacture the month was
the smallest except four out of thirty-six,
except fits In chemicals, six In woolen
goods, seven In machinery, lumber and
miscellaneous manufactures, and exceed
ed the average only in Iron eud cotton
goods and earthenware, owing to a few
failures of exceptional six. Nobody can
mistake the meaning of such returns,
The statement that, except for the tem
porary depression in prices, the volume of
business transacted Is sow larger than
it was In ISiC-th year of greatest pros
perity has been questioned by some. Hut
comparison of prices this week la the
leading branches of manufacture not
only confirms that view, but shows a
remarkable similarity tn the course of
prices In the earlier months of IHiO, when
the tun! wonderful advance In Jir.nl ml Inn
and prices ever known In this or any
other couutry was close at band. Dun's
lUiiew.
THatlna-nlsheil Hiislnes Men apeak.
The New York Mail ami repress !!
week published interviews with three men
prominent In lmsiiie and finance just as
they were six. nt to sail for I'.uropc, with
the following result: George J. Gould
asid: "I'.veri tliitiit is on the tip grade and,
so tar as I tan see, the signals are set
for a clear trait ahead. The improv
Hunt, whether II r In Wall street or 'a.
here, i. rum ng slow'y, It I true, but It la
better toil It should move along slowly,
IWaus It will be more lasting and salis
fsetory to all ronrcntrd." Andrew Car.
nrgie said: "I believe hnaltii-sa In this
country 1 actually Iwg iiniltig to perma
nently Improve. The outlook U excellent
and i eipeii to see vrry busy limes when
I return. Chattnry XI. Depew ssl.l
"What shall I lell thrm I foreigners! of the
outlook? Well, I shall tell them thai It
serin a lo me we have crossed the Ituhicon
thai ahead of us How are g. times
tusiurs activity, general pr.rity."
stifle U the I loads.
Wrelary Gag, w ho recently talked
Slth the liHinl.ers ef he I 'ommrrcial
fluba la emn at ( incinnaii, all f
to. ill were represent Stives of It.r grrat
bnesnna lntrrs f ll.tn, I'd., if ,,
Onctni.stl and HI. Iii. nnle th reas
suring statement in Washlugint (hat Wwy
reported a better ! ! fveling than
bad been noted for Some lime. Which (hi f
regarded aa a forerunner of a permanent
tmpruvriucttt. Il Is wurlhr of note that
tbrl reflect the Co'ltnioa judgment of bnal
ba firms boa trams, ti.ma are so w el.
trvsd that tbey are fairly sroiptomatic
mt the pulse of genera) trade. Nor on a
view ef (he whole fiVd la tl asreseeaable
to tUak Oat Uiere may be t Lfuag ub
of tile cloud even In advance of the
"proper legislation" which the Secretary
looks for. The passage of the pending
tariff bill, whatever may be its conditions,
will give the country a truce on that head;
the promise of the grain fields is most
cheering; and though the currency ques
tion awaits solution, it is far less com
plicated with the menace of free silver
than it was six months ago. Philadelphia
Record (Dem.).
Views of a Veteran.
Among those who have spoken in this
vein is Russell Sage, a veteran financier,
who is cautious in statement and not
prone to rush into print for the exploita
tion of his views on current matters. "I
think," he said, "that we are going to
have steady progress toward far better
times. I do not look for any boom, but
a gradual improvement from now on. The
railroads are getting more traffic, and
they are working more harmoniously. The
settlement of the tariff question will be a
great 'elief to the business community.
After the rates of duty have been agreed
upon and a bill passed we can settle down
with the assurance that we shall not be
again disturbed by tariff measures for at
least twenty-four years. The properties
in which I am interested are doing well.
Yes, I think there is every reason to be
lieve that we have long ago passed the
turning point.
This sentiment is widespread, and
though there may be some unscrupulous
politicians who would block tariff legisla
tion until after the fall election in the
hope that thereby the opponents of the
Republican party would be able to gain
some political capital and advantage, it is
possible that better counsels will prevail
and the bill will be passed sooner than
was expected. Albany- Journal.
Moat Encouraging for Years.
In a broad way last week was one of
the most encouraging in business circles
that this country has experienced for sev
eral years. The general outburst of con
fidence in financial circles was reflected
In the course of the stock markets, which
were bullish from start to finish, The
reassuring utterances of the President
and the leading members of his cabinet
produced a very favorable Impression:
but beyond that it was seen that a number
of encouraging factors were in evidence.
It was perceived that the price of iron
had gone up; that railroad earnings were
increasing: that money was in ample sup
ply for all legitimate purposes; that the
gold exports had dwindled to a mere noth
ing and that the prospects of a speedy en-,
actment of the tariff bill were daily grow
ing brighter. This induced a buoyant
tone In the prices of all. Minneapolis
Tribune (Rep.).
Oool Prophet in the Northwest.
In Minnesota and other States of the
North west the spring opens with the
promise of abundant crops, especially of
our leading staple, wheat. And In spite
of the low prices now prevailing there Is
every ground, as shown elsewhere, for
believing that our farmers will realize
fairly good prices for their crops. This
will almost certainly stimulate the ac
tivity of trade and industry in the rities,
so that by next fall, with the aid of the
new tarilT. it is pretty safe to anticipate
a restoration of wholesome business con
ditions. Minnesota, therefore. Is in full
sympathy wilh the cheerful prognosti
cations of Mr. Gage. St. Paul Pioneer
Press.
Freed from the Flouh of Pes pond.
Occurring separately, the Increase in
loans and the decrease In failures would
be encouraging, but coming coincidental-
ly. as they do now, they tell a story at
which the country should felicitate Itself.
The expunsinn in the one shows that busi-
n ess Is on the Increase, while the con
traction In the other proves that business
Is carried on under better conditions than
prevailed recently. This is a state of
things which justifies financial confidence
and cheerfulness. The country is not yet
entirely out of its slough of business de
tond. but It has advanced so far in that
direction that its complete extrication can-
not be long delayed. St. Iuis Globe-
IH-uiocrat,
The ramnnlm of Ctlamitv,
To read the dully waitings nf the organs
of free s'lver and free trade will con
vince sny fair minded person that those
noiity journals have started In to fight the
calamity campaign of l',Ml all over again.
I They are preaching the old pernicious dog-
mas of discontent, disorder and disaster
with all the reekleaa rhetoric of the dem
agogue and the anarchlat. Proteasing
friendship for the canee of labor, they are
wickedly atriving in arouae Ihe working-
mail against his employer; pretending to
fsvor the restoration of priwperity, they
are ilelilx rately trying to stifle the grow
ing spirit of contiitence In buaineaa en
tcrpriae; and, while oati-ntatinualy mourn
lug over the depression of industry, their
whole Itiflurui-e la being exerted to make
It permanent and In. !!.,
8uch are the real piirpoaet of the new
rsmpalgn of calamity. la furtherance
of them Its organa puhhah dsily rot u inn a
of dispatches to show that trade and In
duatry are steadily going from bad to
worse, and that the condition of lalnir
Is becoming more and more deaiwrste,
To these propheta of etil the report that
a factory hsa cImmm Ma doors, that a fur
nace has banked Its fires, or that a null
baa curtailed lla working force la a n.ea
tage of Joy. A story of buainess failure
or abandoned enterprise la a delighi
ia:ee oi uncneas sua situ are nsi.ee
with s'aj a.. la in. and every line that
tells of para'jsia in trade. In in rapi
tal and enrmuga or deapair among those
who toil la eagerly welcomed and osten
tatiously itit'ai.-d as a fultmuient of
gloomy prophecies,
Hack of this eager quest for evil tid
ings Is a stcslthfiil purKia0 n provoke
antagoniaiiia bcteren labor and capital,
and thus undermine the foundation of
Ihe rising structure of business pr
prriiy, Gisl times mesa deals la the
agitation for free trs.le and free silver.
The calamity organs know II, and this
knole.lge Is the inspirsttoa of their
deperfe altemitf to postpone the day
of returning ruon.lc and prosperous
business.
The intelligent utaaaws of America
wage earners f u.lt understand the ami
sin. Their ronditioB is far fr,.iu what
.1 'irtigtit la b III employ ment and pay,
but on the other band M-ls mitf ,-..
distressing thin the mouthy ..rn.lis of
chaos would have It appear. The rondurl
of the arret body of workittgmra under
the bar.l eond;tiona whit a now prevail
has hern admirable In lie patience, bop.
fulness and e-.t restraint. The annum
of !aiif . titles and rhsrlitans lo Incite
J ...r.l. r sod strife la the rat ks of labor
m ,:! .... lis aharnMt tathuka from IL.
iri vri tbctuiaKve,
OUR TARIFF HISTORY.
NO PRESIDENT SO PROMPT AS
M'KINLEY.
His Tariff Law Will Be on the Statute
Books Earlier than That of Any
President Since Washington-Facts
Which Fhould Silence Croakers.
Good Progress Made.
Special Washington correspondence:
People who are complaining of what
they assume to be the slow progress of the
tariff bill will probably be surprised to
know that no administration since that
of Washington ever placed upon the stat
ute books a tariff measure within as brief
a period of its inauguration as will that
of President McKinley. There is every
reason to suppose that the tariff bill will
go upon the statute books before the end
of July, probably much sooner than that.
If this shall happen, President McKinley
,ni v..,. i ' lu. . .tt.eh his
X7,,,7 . ..iff rnsnreear-
signature to a general tanli measure ear-
ii-. i .1.- ui.r. c i,;. .,im:n;Qtr0firm
George
than has any President since
Washington signed the first tariff act on
July 4, 1789.
This remarkable record which is likely
to be made with reference to the present
tariff bill is made more remarkable by
two facts: First, that every year's devel
and manufac-
opraent of our commerce
opraent oi our commerce auu uianmau -
-,,. . n. ii nt dim.
tures adds to the complications and aim-
culties In framing a tariff measure, and
re,
second, the fact that the party in contro
ctf rno aifminiotrahnn unntrrul OiTllV One I
branch of Congress. It has seldom hap-
pened In the history of the country that
a general tariff measure has been placed
upon the statute books when Congress
and the administration were not controll
ed in all their branches by a single party,
and that it should be possible to pass a
tariff measure so immediately following
such a. hotly contested campaign as that
of six months ago with one branch of
Congress controlled by those who were
pitted against the Republican party in
that contest, is the more remarkable. In
deed, a study of the history of the tariff
legislation in the United States would
not have warranted a year ago tbe pre
diction that a protective tariff till could
have passed a Congress which was not
controlled in both Its branches by the Re
publican party.
It may be of interest, both by way of
presentation of some tariff history and
also of satisfying those who are inclined
to criticise what they assume to be the
slow progress of the work upon the tariff
bill, to run briefly over the history of the
tariff legislation of the country from the
beginning down as connected with the
various administrations.
The first tariff act placed upon the stat
ute books was signed by George Wash
ington, July 4, 1789. Not only was it
the first tariff act under the constitution,
but the first protective tariff measure, in
dicating in its preamble that "it is neces
sary for the supjiort of government, for
the discharge of the debts of the United
Slates and the encouragement and pro
tection of manufactures that duties be
laid on goods, wares, merchandise Import
ed," etc. The consideration of this act
occupied but about two months' time, as
ashington was not inaugurated until
April 30, and the work upon the tariff
bill did not begin, of course, nntil after
that time. This tariff act was of course
very brief, the space occupied being prob
ably less than one-twenrieth of the bill
now under consideration. Several other
tariff measures were aibrnted durinr
ashington s administration, most of
them lieing an Increase ion the rait
named by the first measure.
John Adams, who became President
March 4, 17l7, did not sign the tariff bill
enacted under his administration, which
Increased the rates of duty on sugar, mo
lasses, wines, etc., until May 13. 1SIK),
over three yenrs after his inauguration
Jefferson, who was Inaugurated March
l.HOl. did not attach his signa'ture to a
general tariff bill until March "II. 18H.
the bill passed at that lime having for its
otiject an Increase in the revenues (o sup
ply rutin tor the war with the Harbary
isiwers. This act Increased the ad va
lorem ratea. and on the following day. a
similar ai-t Increasing the specific rates
was signed, both of them being more than
three years after Jtffersou's inaugura
tion.
Madiaon waa Inaugurated March 4
lsim. and the first Imtxirlant tariff. I.
Increase duties lOO per rent on account of
the nsr with Great Britain, was signed
July 1. 1M. mure than three years after
his Inauguration, lie also signed a gen
eral tariff act April 1!7. 110. three years
aiier ma seeomi inauguration.
.iinnro was inaugurated .March 4. lli,
and signed hia first and only general tariff
act May 1SJ1, niore than seven years
after his first inauguration.
J.ihn Otiiney Adnma waa Inanmrated
March 4. lv.'.". and signed general tariff
act May IHL'H. more than three years
iter nia inauguration.
Jackson was Insiigurated March 4,
1CH, and signed bis first general tariff
ad July 14, I.H.TJ, more than three years
arter bla Inauguration, while the Clay
compromise reduction act was aigned
Mann lNUi.
Van Keren's presidential term, which
began Mured 4. IM7. was no marked
by the enactment 0( any important tariff
legislation.
William Henry Harrison, who waa In
augurated March 4. 111. Issued on
Man n 1 1 a ca.i r..r a special ,. of
. ... . i .. . . , .
I . .nir. , hrg,a ., S. Indicating by
Ihe proclsmallo., that the anbjecla to be
consider! ere the financial dtftii oltle of
the i,.,ternin. nt. The tariff act finslljr
passed by the Congress which that proc
lamation tailed Into special arss-ion did not
become a law until August 1M2, r
fifteen months after the date named for
the iM-glnmng of the e-iaj session,
Polk's term of service began March 4.
IM. and the "Walker larfT." whi.-b waa
the
ape. i a 1 tariff feature of h lerm, did
Hot become a law unlit July .til, lil ail
teen ni.sith after bis Inauguration as
President.
The Tailor administration, ahl.-a began
March 5, I !!. did not wittt , tm.
nirnl of a r.t general laf.lt legislation, ow
ing to Ihe fact that Ihe lirmoersta ron.
leoi.ed Ihe I loose of Representative dur
ing ihe first two years nf the term and
.o-h hvas.e of degress la the second
half of the I. no.
Puree, who aa insng urie, Marcs 4
tvMi, e;wil on Mar.h .1. IV7. the lasl
dai of h a term s I resident, the en'y
grtirrsl tariff nirssnre rnarinl darmg bi
.,.ir tears iu Ihe W ki. II use.
liin hasan. dur i.g b a four yr, wkiili
bras ,Mrn 4. I V.7. a gtted senses!
I lr.,1 Irtf .', a I ... a oi.i ! Mar. k 1 l.l
l ( JuM ( fc.. ttr. . 11
act, signed two day before hit retirement,
was the "Morrill" tariff act, a thoroughly
protective measure, whose passage was
made possible at that time because of the
fact that a large number of the Southern
Democratic members of the Thirty-sixth
Congress had withdrawn, leaving Con
gress in the control of the Republican
party, which thus placed a tariff act upon
the statute books two days before the in
auguration of Lincoln.
President Lincoln., who was inaugurat
ed March 4, 1861, signed his first general
tariff act on Aug. 5 of that year, and this
was followed by the passage in July, 1802.
and June 3. 18154, of other tariff measures,
to which his signature was attached.
Grant, who became President March 4.
1800, signed on July 14, 1870, his first
general act relating to revenues, by which
the internal revenue taxes were reduced,
this being followed by another reduction
on June 6, 1S72.
President Hayes, who was Inaugurated
March 4, 1877, signed no general tariff
legislation, the House being Democratic
in the first Congress under his administra
tion and both branches Democratic in
"""""" C ? ".nc(nes
the ,atter fca'f of his term.
Garfield-Arthur administration
... ,
hlch esan March 4. 1881. did not wit
ness the enactment of any general tariff
legislation until March 3. 1S83, two full
years after the inauguration.
Cleveland s first term was not marked
by the completion of any general tariff
legislation, the Mills bill, which passed
the Democratic House in 1888, failing in
th. ?enate- which was so closely divided
lj.j-.ii- ,. -. . . ...
Poetically that it was found impossible
rhpnu ,t . .,, ..fl..
tA fua j,:!..i. ... ...r..!...."
Q' - the -
.... ' -
rejected by the House, where the Demo
cratic divisions on the tariff question, now
so strongly marked, was then beginning
to make itself apparent.
Benjamin Harrison's term began March
4, 1889, and the first ireneral tsril set
passed nnder his administration was sign
ed Oct. 1, 1890, eighteen months after his
inauguration.
Cleveland's second term, which besran
March 4, 1893, with his own party in con
trol in both branches of Congress, did not
witness the completion of its tariff meas
ure until Aug. 28, 1894. nearly eighteen
months after he took the oath of office.
A study of the above history of the tar
iff from the beginning of the Government
down to the present time will indicate to
those who have been inclined to criticise
what they assume to be the slow action of
Congress that instead of its action being
unusually tardy, it has been unusually
prompt, and especially so in view of the
fact that the party in control of the ad
ministration controls only one branch of
Congress, a condition under which it has
seldom been possible to pass a tariff meas
ure, even In a much greater length of time
than has been or is likely to be occupied
In the present instance.
GEORGE MELVILLE.
Political Pith.
President Cleveland pulled down the
American flag in Hawaii; President Mc
Kinley pulled it up again.
One-third of the Southern vote in the
present Congress has been cast for pro
tection. Every day's consideration of the Senate
schedules of the tariff bill brings them
more In harmony with those of the House
bill, and it Is probable that the bill, when
It goes Into conference, will differ but lit
tle from that which passed the House.
The shades of the lute Samuel .1. Ran
dall are row being invoked by the Democ
racy of that section which fought him
most bitterly during the closing period of
his useful career.
With one member of the Democratic
team pulling in the direction of frpe trmle,
another towards protection, still a third
in favor of free silver, and a fourth head
ed resolutely toward the gold standard,
the JetTeraotiian-Jacksonian band wagon
Is not making much progress.
The recent "silver Republican" confer
ence Is aid to have had aa its real object
a plan to unload Mr. Bryan as the leader
of the silver cause. Mr. Bryan has too
many "Urns" and is to erratic to suit the
men who are putting up the money iu be
half of the silver cause.
No subject is being more carefully con
sidered hy President McKinley now than
the Cuban question. It has been th
ranae of much anxious thought by him
from Ihe beginning and there is good rea
son to believe that his plans are well de
veloped and will Ve recognized aa wide
and satisfactory when they become
know n.
The trade reviews and the dally papers
of the country unite in the assertion that
business la brightening In all parta of the
United States. More men are nnptoved
ill vnttini ii ! das n,,I.M I. ln,.n.B.i
and the amount of work done la steadily"
irsinin-. With Ihe final seiioi. nn tl.. i.e.
Iff bill, which may be expected during the
present month, an Inrrea.ed improvement
I confidently expected.
People who are aurprtaed that the Re
publicans In the Senate are not answering
In detail Ihe attacks made by the Demo-
reals npon the pending tariff bill ned not
snppos lhat Is becsnse of lack of argu
ment or facts upon whirls to base them.
Their silence is atmpty because of their
unwillingness to consume a moment f
time more than Is absolutely necessary
In getting the bill before the Henat.
Can't It rtMiletl rivrry Tint.
some people ran oe tooted once or
twice, but ery few more than that, Mr.
Brjan In n.s pehe last fall asserted
Ibai the forty-two million dollars neces
sary lo keep par with the growth of pop.
-i-.t... 1. . I. l.i.l .!,.. . v
I no", .-.sirs coil, a no! oe
Uui-ed nr the suspension of frr
L,ln.. f .ree. and ,e.l ..,...
Sherman In anprt nf Ins ihrorv that this
amount waa tieorsaary to lie a. Med to ihe
currency of the country each year. II.
was undoubtedly r.ghi In his quotation of
Senator Sherman, bin both Inaccurate and
mislead, rf In assuming thai this amount
of currency rsnnot be and Is not a.t.Wd
I i the circulating medium of the country
by mestts ef its present fsciiliirs, Th
eiMiisge of the minis of the country hi th
year which end with lb present m..irh i
will b, In round eti.nbers. one hmnlrcj
million sWisr, tare fourths of It go d.
while thai of the calendar year VI waa
ninety nine Bullion doliara, A!d t ih-s
Ihe fart that the money In e-r h'ii .
lodsy is ll.lHtsat.iiai more than il was
a year at i and ft will I seen list Mr.
Brian's MSIrmrOta in Ih.a, aa well as
In many other Ikinga. , l say the
less, ni's'es.! t.g.
Popwltsl V awl n I'Mstnn,
Populist leader r silnstftg aicnsi a
I eiMinsnc tf tit fusion f last (a. I U
ten tur psnr and lu ! m tt:
I Th aa.eris a attitude f the Ihm-t, ral.c
I uartf a the ! great auesti,,ns, pi.,1
I tMt sd.I siiier. la Ik. rause of ik.a ua
baaa t rw!!if tS sakwl a.'-iatc
of last year. The fact that large numbers
of Democrats In every State where cam
paigns are to take place this fall are re
fusing to support the free coinage of sil
ver, and that many members of that par
ty in Congress and elsewhere are aban
doning free trade and supporting high
protection, has rendered a further alli
ance of the two Darties imDrobable. Mr.
T. B. Rankin, a prominent member of the
Populist party in Ohio, in a recent in-
terview, said: "The object of the or
ganization of the Populist party was to
secure needed reforms, not to stab the
Democratic or Republican parties. I was
opposed to fusion last year, and am still
more opposed to it now."
Some Free Silver Outcasts.
Some individuals, who bolted the Re
publican party last year and voted for
Bryan, held a meeting in this city and
organized what they call "The Silver Re
publican Party of the United States."
For some reason they do not care to join
the Populists or the free silver Demo
crats. Tbey seem to think they will have
a better chance of picking up offices if
they have a distinct organization.
These bolters cannot be prevented from
forming a new party, but in doing so they
ought to state clearly to the public what
its principles are and what reason there are now snouting sugar trust with refer
Is for its existence. That has not been enCe to the pending tariff bill are the
done. Ex-Congressman Towne declares ones under whose guidnnee the "rjer-
that
"This is a movement that has taken
deep root, and will grow until the restora-
tion of silver to an equality with gold has
; ,, . , ,,
been accomplished."
wu, i .V:. .,
What is this equality that Towne and
his associates are going to devote the
rest of their lives to securing? Does he
Intend to say that the time will come
again when sixteen ounces of silver will
exchange everywhere for one of gold .'
Towne shou d look the facts in the
face. The price of silver, which was 130
cents an ounce in 1870, is CO cents now.
In spite of the low price the silver miners
of the United States put 5(1.000,000
ounces on the market last year and made
money at the business.
The demand for silver by silver stand
ard countries is decreasing because the
number of those countries is diminishing.
Japan, the most progressive of Asiatic
nations, with a population of 41,000.000,
has adopted the world s gold standard.
Peru and Bolivia, though silver-producing
countries, are preparing to do so.
Does Towne really believe that his lit
tle "movement" will be able to raise th
purchasing power of 371 grains of silver
until it becomes equal once more to the
purchasing power of twenty-three gTains
of gold? It is difficult to believe thnt any
intelligent man who knows what the
present silver production of the world is.
and how much more cheaply it is pro
duced than of old, really imagines any
thing of the kind. Chicago Tribune.
Export Bounty on Farm Proilucts.
The proposition for a bounty on staple
agricultural exports is not a new subject,
It is a departure from the protective pol
icy. It ha .been considered for some
years by the farmers, especially by the
members of the National Grange, where
it has been fully discussed but not yet
indorsed by a majority of that body. Some
of the propositions seem to be favorable,
but it is doubtful whether the giving of a
bounty on agricultural products would be
beneficial to the farmer. There might be
some temporary benefits, but if it stimu
lated production the effect would be dis
astrous to the farmer. lint troubles the
farmer r.ow and makes low prices for bis
productions Is the fact that he Is now
producing more than the market will read
ily absorb of certain commodities. So
long as he continue to do this he must
be content with low prices. If this boun
ty should stimulnte the production and
increase the surplus offered In the mar
kets of the world, it would have the ef
fect of decreasing the price received by
Ihe farmer rather than increasing it. As
I said, it is a departure from the policy
of those who believe in protection. The
protective policy advocates the eneour
ageiuent of production In those lines
where we are now not producing enough
to supply our own people, but are depend
ent to an extent on foreign countries for
our supply. This proposition doa not
have such a purpose. It propose simply
to donS'e to the farmer certain bounties
on products exported, and it la doubtful
whether it would at the moat have more
iban a temporary beneficial effect, wilh
a tendency to bad reactionary resulta.
I-rom Interview with Assistant Secretary
of Agriculture Brigham.
Tariff I'roaprcta Are llelplni.
The progress made by the Senate wilh
the tariff bill has given some lmwtna
to general business and has created 9
more hopeful feeling in all depnrlinentt
of trade. The matter la not entirely sen-
tinientsl or at all partisan. The doubt
and instability which have plainly sur
rounded every commercial avenue and
which always exist while tariff uncer
tainty laata will In ail probability smn
be removed. For Ihe first lime since
17 (he business of Ihe country will he
In free and nntrammeled position and
the favorable effect on credit and Individ
nal action canoi be too highly estimated.
The manufacturer and the distributor
will be hle to see clearly Into the future
and the money lender and ihe money bor
rower will be able lo act nnderstsn.lingly.
The prosec baa already caused aotne
activity in the iron and ecl trades, and
baa g ven definite assornti.-e in other di
rections. The great majority of the
American ople hojie for and hsve con
(idem In substantial results. The gen,
ersl sanation is rip f ur the change,
Money la abundant at low rates, prie
Is nn level which pra i.cally gusrati
lees Judicious' operations.
l!sapxi!it ment fur I'om rata.
1 1 ssapnn'nlment follows d .sappn'nt
ment among Ihe !oocr!le les lrrs. Not
only are they disappointed In Ihe fuct
thai Ihe tlrpiil.tif a tie have prewitied a
a.! d fr-ml on the lr ff question and f n :.
d lo itiarrl among themselves upon cur-
rency, or nf other question, but they ar
even more d siresscd lo And the r own puf
fy fa'l ng lo pic es on Ih quest. n of pro
tection as we, I as s.. i-r, a ne Ihe r ..
a if 1 list the .r.,lrc!.e da t urea of Ihe tif
if? toll ia growing w esl. r da ly, w h.:
their art'iiionls in behalf of free s.ii r
ar Wing d pfnn by stery week de
le piu-n! mr the election.
Antx of Jim. t, ami SI I I.
.!-,. .rs J. f. Vesi and M.i s tl .In'i
ki.-w it labd. Tkef hgi s!.,iiii.
tug s!Mif S ill s l a hi -if sisoit l! -
(if in ih tsine nf sugar trust a. k
s tttollanroitslf wish a s. i , rr.t of ihe
sugar c,eStr,e by the .-! -Hon up.n
H iu He rottJit taMetis, but had ev .triii f
..f(.-r.'S thai sbn tf tar (t I. II was It,
liw.r a it s'-. in k of this
asm iiifaf trust s-liai.i ed o. fJf not.
In vs'y dsf i g Ikeir aaa pu-ativa vf tb
bO.
DIDN'T KNOW IT WAS LOADED-
The Sutrar Trust Screamers Find Their
Attacka Reacting on Themselves.
There has been some especially sharp
talk in the Senate and some of the people
who are seeking to make political capital
by throwing dust with reference to the
pending tariff bill have suddenlv dis-
covered tliat there are two sides to almost
any story. Two or three Democratic
leaders seem to have reached the conclu
sion that they could once more fool the
people, and that their most convenient
way to do it would be to charge that the
sugar schedules of the tariff bill as agreed
upon by the Republican caucus were fa
vorable to the sugar trust. So they pro
ceeded upon the "stop thief" plan to make
all sorts of malicious charges of this kind,
taking advantage of the fact that Repub
licans in the Senate have been refusing to
discuss any features of the bill not abso
lutely necessary to be explained, simply
for the purpose of gaining time and get
ting the bill through as promptly as pos
sible. The gentlemen have found, bow-
ever, that there is
a limit to the endur
ance of the public who are being imposed
upon with this sort of falsehood, and the
newspapers of the country have suddenly
revived the fact that the verv men who
fidy and dishonor" bill of 1S94 was fram-
e(j ana its gnear schedule so sthnned as tn
create the greatest scandal that has been
known in political history in many years.
Attention is called to the fact that the
three men, Senators Vest, .Tones and
Mills, whose mouthings about an increase
In prices of sugar trust stock as a result
of the pending tariff bill have been the
features of the week, are the very men
who framed the sugnr schedules of the
Wilson bill under which sugar trust
Sf0Cs advanced (50 per cent while the
advance during th? entire consideration
of the present bill is only (5 per cent, and
this a mere incident of the cenernl ad
vance which has been strongly marked
meantime in all stocks. That the three
men whose manipulations In the schedules
of the Wilson bill caused an advance of
(16 per cent, in the price of sugar stocks
should now be screaming like madmen
because sugar stocks have increased 0 per
cent, during the consideration of the pres
ent bill would be unaccountable but for
the fact that they are apparently doing it
to not only make political capital against
the Republicans but at the same time
conceal as fur as possible their own rec
ord in this very line.
Politicians Working Country Peo-le
The dangerous characters who were last
fall hired to stir up dissatisfaction and
sow seeds of anarchism and riot in the
cities tre now being sent through the
country districts for the same purpose.
They travel in gaudily painted wagons,
bearing false or misleading quotations
from distinguiffhed men, which are dis
torted into apparent support of the free
coinage of silver, which is now worth less
than one-half what it wns when these
utterances are alleged to have been made.
To conceal their real purposes these men
profess t( be obtaining stibscrilicrs to a
free silver publication, with which is frr
nished a copy of a book by "Coin" Hnr-
vey, whose writings are now recognized
as not only untruthful and misleading,
but purposely and maliciously so end an
imposition upon those before whom they
are placed. This attempt to distribute th
seeds of distrust, anarchism and riot in
the agricultural communities for the pure
la selfish purpose of making a market
for the property of silver mine-owners
and placing a few politicians In office de
serves the contempt of those upon whom
it is being Imposed. It is of the same
class as that by which the tin peddler
wagons spread falsehood through the
country In the Congressional campaign of
INK), but is vastly more dangerous to
the country from the clnss of employed,
the doctrines they disseminate and tha
desperate schemes of those who support
them In this performance. The silver
mine-owners and their poiltIr.it allies bavs
resorted to this new device to deceive th
people, v ho arc. however, rapidly discov
ering the Impositions they practice.
A Currency Commission Urge I.
A currency commission which shall
frame a plan for the general revision of
the currency system of the United States
seems likely to be the next step of the new
administr.it.oii. after the passage of I lis
tariff bill, which w ill probably take p'.aca
before the end of the inoiiili. It la un
derstood In Washington that the Presl
dent will, aa soi.n as the tariff bill pnsset
the Senate, send a special message to Con.
gress urging the creation nf a commission
which ahail devise a plan for the general
revision of the rtirretiry staiem of tha
country In time for consideration by Con
gress when It meets In lis regular session
five mouths hence.
Thcle Theories rlxplwltnz.
If farm prices do not stop advancing
and silver prli-ea do not atop their down
ward course, there will be itnttrng left to
sitslsin the chief theory of lite free coin
age orators ot Snst lull Hint pro-ee or
farm products kept pace wilh those of sil
ver. Irfad;lig farm products have in-
creased in price from .VI lo 1I per cent
mice this Ix-aiiiifiil iherv was exploited
n the stump last fall, while the price of
silver baa no auiioie s ii-ti.h y ilei n a J,
MiMiur wiCi Cnut on,
f'very s'de of ih Cuban u ,',,. n la b.
Ing considered by I'ns .l.nt M, K n'ey
now, and a course of a. t'en U l.k.lt to L
Indlraied in the m ar future. Tin Import.
an- anil gravity or l It ines ,nivei
and jH.ssili.e ,..!.. ocr'.i is f 4i mistali
ar trial I hat Hie I'rcs.ilelil and h
adtisera are nmt n w.fh the utmost
r.iuttn. as any j't.l Viien r't jon wotil.l
do if such g' aie re.i ,n ln.iiies were
I.'jitJ upon b s Individual shoulder.
plan to Immp I'rren.
"tl.itsi'on in olli. e" is p-.,ulnf w .ih th
fernds nf fre s See as well a others.
Il is w h p red thai h r l of th
Chicago gniiitrti of a fi w I'sts sine
h.ri i.rsutt d what wrs lei'Ud the ai
ier I!--, il 1 at. pari J' s In .,-! . n f-.t
a awf rtllflil wh .-fj sl to'd ?e(h fo the
fen,t II entire! He tr-'ir f ih s.'ier
t use Bl.'l diiw l lo lie :i ,.f id ib, p
l,"ii se W . ; f o Jren !,. tn a. i. bj
'.. .! the jf' lo tl f' . i ! if,
til.lrslnf ! Pu'MlCil Inrtiiles,
f 11 sltSitlOl W i t ,i;rs 1
i . 1 1 e i . i ' -i prt mi.! tie ,;,.(;; j ,,f
i-s ranks Sn ' i Wiit ,1 . r.-ssmg its
(;!. al !. ii. s ft, 1 '. I'-n'y
d sst-Ks .tis h i tt luej sa t , i. l. if fa
crop ( mog th.- I;, im't -. a hut
l-.i ' ln if a:-:w " a n. e i t a il
,.f the km set. U-sri .- i, ! i !, i 1 Is
tt wWrese of lie fcsn.1 ..f o ! sue)
w ho gssau In I-. Ie i-t. r ( iLsl
art il sad t Ciir