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About Washington County hatchet and Forest Grove times. (Forest Grove, Or.) 1896-1897 | View Entire Issue (July 22, 1897)
'upplement h a t c h e t , ___________ H‘ I)4V .................... J i I-V aa. iM » 7 CSINESS IMPROVING. "proper hd\*nC* #f looks for, lel> the Secretary tar'ff bill, whaferWM ** of the pending wil1 give the count*"™111* 7 *** IU e d itio n s , the promise of * niC6 on that heaJ: cheering- and “ M i t '* moat Hon await, t d n r i" ^ -,h<“ c,,rren<T Quea- Ph-ated w!th ¡hi10" ’ ‘ f U far « • * Pl>ID- Eecord W tDemI).m0Uth‘ #^ - p w T d e ^ h iI OUR TARIFF HISTORY. NO P R E S I D E N T S O P R O M P T M ’ KINLEY. AS H is T a r i ff L a w W i l l Be on » b e S t a t u t e Booka E arlier th a n That of Any F r e aid en t Since W o e h i n g t o n —F a c t e " h ic h S h o u ld S i l e n c e C r o a k e r a . sH e v id e n c e PART OF t h e fr o m every country . r»tlc anti R e p u b l i c a n J o u r n a l » Vie with Each O t h e r in A a a u r a n c e a ^ getarniug Bua ln e aa P r o s p e r i t y - leporta from A l l D i r e c t i o n s . - .s -sr, ? : : S ' S lion of his views f° r th<“ exPloi,a- Pbink,” he . aij ffiatters- “ l have stemlv , s' ' h 1 We are to times. I do ,,owar,] far better a gradual ‘ ° ° k for an-T boom- but railroads areTeM ?1"11* fr°™ “ 0W 011' The <heyarennrL-K ,lns morp ,raffip. and setriemon* mor(‘ harmoniously. The H istory M a y R e p e a t. TyentJ Eeari as° ’ in 1877, the cmiD,ry „enshrouded in the gloom o f a busi- “ depression, consequent upon the pnn- (1873- There were plenty o f prophets ¿predicted that the times would never my better, and the mass o f the peo- ,rere discouraged and about ready to -rede that the prophets o f evil were rbt Butin the fall o f 1877 signs o f improve- t began to appear. T h e general the ca s that a more hopeful feeling was cal by the npproaeh o f the date for resumption act to go into effect. tn was no doubt something in this ■jecry; nevertheless plenty o f “ states- were found who asserted that re ason would be a failure, and that jaiuess would be injured rather than 'ped by the attempt to resume. But in spite o f all the talk, the times -tinued to improve steadily. They -rremueh better in 1878, and in 1879 the sing ride assumed the proportions of lething like a boom. Some o f our Min- ■apolis people who carried real estate -rough the period o f depression, and ..jly broke their backs doing so. will itmber that by 1880 it was salable at jTanced and advancing figures. In the lit few years the prices o f realty here (id elsewhere In the country reached the kighest prices ever known before or ■ee. The history o f this country appears to w that panics and recoveries run in bout twenty-year periods. T here was the panic of 1873, follow ed by five years ¡depression; the beginning o f recovery 1877; the full tide o f recovery in 1879, followed by a period o f prosperity lasting intil 1892. Then came the panic o f 1893, hllowed by the period o f depression "bioh we are now experiencing. To * me there are as yet no signs o f improve- ent discernible, while to others there Is already a faint glimm er o f dawn. Many !m looking forward to the passage o f the tariff bill as the starting point o f a new Jeriod of prosperity. But whether from Silt or some other cause or causes, it is gnite probable that history will repeat it- lelf, and that in the fall o f the present fear, or the beginning o f 1898, we shall witness a notable improvement, followed bf perhaps ten or a dozen years o f great prosperity. The cycle Is nearly completed. We lave experienced nearly five years o f de pression since the election o f Cleveland in 1892. It is about tim e fo r a change in tie natural order o f things.— Exchange. From H igh A u th o rity . The statement o f failures in M ay by branches o f business gives much encour- itement. In amount o f defaulted liabili- tiee the month was the smallest since September, 1895, in manufacturing lia bilities the smallest since November, 1895, and In trading liabilities the smallest «nee September (excepting the last ¡month) 1S94. Failures o f general stores have not been as small in any month as In May, 1897; in only tw o months out of toy-six have there been smaller failures It hooks and hats; only five in groceries; and not one trading class in that month “ • reported failures larger than the bllf during preceding months, though in furniture failures are rather numerous. In clothing m anufacture the month was the smallest except four out o f thirty-six, wept five in chemicals, six in woolen loods. seven in machinery, lumber and Biscellaneous manufactures, and exceed ed the average only in iron and cotton joods and earthenware, ow ing to a few failures of exceptional size. Nobody can toake the meaning o f such returns. The statement that, except for the tem porary depression in prices, the volume of business transacted is now larger than “ 'rs* I" 1892— the year o f greatest pros perity—has been questioned by some. But • comparison o f prices this week in the »•ding branches o f m anufacture not o°ly confirms that view , but shows a remarkable similarity to the course of Prices in the earlier months o f 1879. when the most wonderful advance in production •ad prices ever known in this or any other country was close at hand.—Dun’s «view. I'ktlnirnUhed B n s l n e a s M en Fpeak. The New York MaiU and Express last *eek published interview s with three men Priuninent in business and finance just as t o were about to sail for Europe, with ®o following result: G eorge .1. Gould Bid: “ Everything is on the up grade and. as I can see, the signals are set M • clear track ahead. T h e improve- to t, whether it be in W a ll street or else- here, ;» eoming slowly, it is true, but it is j*t*or tuat it should move along slowly, aocanse it will be more lasting and sntis- ‘•ctory j 0 aj] concerned.” Andrew Car- **tic said: “ I beiieve business in this ^JUry is actually beginning to perma- ontlv improve. T h e outlook is excellent , * expect to see very busy times when ririnrn.” Channcey M. Depew said: hit shall I tell them (foreigners) o f the W ell, I shall tell them that it T?** ,0 me we have crossed the Rubicon r*“*t ahead o f us now are good times— * * B*»s activity, general prosperity.” R i f t s In t h e Clo u ds . !rfrp;>ry G age, who recently talked J , the members o f the Commercial Qabs in session at Cincinnati, all o f »bom Fere representatives o f the great ®ness interests o f Boston, Chicago. 'a*pinnati and St. I/Ouia. made the reas- ¡»¡"«»ta te m e n tin W ashington that they a better business feeling than been noted fo r some time, which they ptodH a, a forerunner o f a permanent JJJNremen«. It is w orthy o f note that reflect rhe common judgment o f bnsi- **•• firms whose transactions are so wide- that they are fairly symptomatic Pnise o f general trade. N or on a J * of the whole field Is it unreasonable * «UU that there may be a liftin g op A ftp- t0 the business community, urion anrt have been agreed with th * " paa#*d we can settle down n'esin a f aS8uranne that we shall not be least tw* 'i1* ? ,ly ,ariff mpasures for at in wh I t y f° 'ir •''ea^,■ Thp properties v „ . J r , interested are doing well. linen .J hlnk ,h<>re ia PTer-T reason to be- ... . at we have long ago passed the turning point. thTiuit, a<‘ntimpnt >» Widespread, ard I tbere m»y be some unscrupulous politicians who would block tariff legisla- . "ti uat|l after the fall election in the ope that thereby the opponents of the Republican party would be able to gain some political capital and advantage, it is possdile that better counsels will prevail and the bill will be passed sooner than was expected.—Albany Journal. Most E n c o u r a g in g f o r Y ear s. 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 o f 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.). ( l o o t P ro p h e ts in th e N o r t h w e s t . In Minnesota and other States of the Northwest the spring opens with the promise of abundant crops, especially of our leading staple, wheat. And in spite o f 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 cities, so that by next fall, with the aid o f the new tariff, it is pretty safe to anticipate a restoration of wholesome business con ditions. Minnesota, therefore, is in full sympathy with the cheerful prognosti cations of Mr. Gage.—St. I*aul Pioneer Press. F re e d fro m the Eloueh o f De sp ond . 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 expansion In the one shows that busi ness 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 di^ spond. but it has advanced so far in that direction that its complete extrication can not be long delayed.—St. bouts Globe- Democrat. The C ampa ign o f C a la m it y . To read the daily wailings of the organs of free silver and free trade will con vince any fair-minded person that those noisy journal# have started in to 6 ght the calamity campaign of 189C all over again. They are preaching the old pernicious dog mas of discontent, disorder and disaster with all the reckless rhetoric of the dem agogue and the anarchiat. Professing friendship for the cause of labor, they are wickedly striving to arouse the working man against his employer; pretending to favor the restoration of prosperity, they are deliberately trying to stifle the grow ing spirit of confidence in business en terprise; and. while ostentatiously mourn ing over the depression of industry, their whole influence Is being exerted to make it permanent and hopeless. Such are the real purposes of the new campaign of calamity. In furtherance of them its organs publish daily columns of dispatches to show that trade and ,n- dustry are steadily going from bad to worse and that the condition o f labor i. becoming more and more desperate. To these prophets of evil the report that i factory has closed its doors, that a fur nace ha* banked its fires, or that a mill s curtailed its working force ,s a raea- ,*ge of joy. A story of business fadure ' ^ah-ndoned enterprise is a delight, u le o dienes, and want are haded with glad acclaim, and every line that tela of paralysis in trade, loss in cap,- tal and earnings or despa,r among those * v. is eagerly welcomed and osten- «¡ W ■ ■ ■ ‘ B °S C r t S « » 1 » « “ *• . . „ealth fu l purpose to provoke ml! tms between labor and capital, and^hus undermine the foundation of and tnn tn.cture of business pros- the " * rooS dm” » ".can death to the Ppr^ : nG% ? fZ trade and free silver. a* i,atl°, J itv organs know It. snd this 7,116 i* le e is * the o th? f their knowledge the inspiration ^ ^ ^ b u r n in g wage-earners e o c e n e , and prosperous ^ .^ s t^ d ^ r itu " fnr {rom what atlon'V , m be in employment snd pay. i' other hand it is much less but on .,n t h " ^ the oracles distressing tn« mouthy The « „ ^ o t f ch a os would h workingmen nnder o f the grpat : „-hirb now prevail the harsh ron d '«.«"’a « i<Miee. hope- „ been .d a ta b le m_ nt P ^ fulness • « j of demagogues a ^ charlatans to incite ^ Mnki of ,a bor wiv-v.-xmen tbemie ’'««• < * * • “ “ G ood P r o g r e s s Mode. Special Washington correspondence: People who are complaining o f what they assume to be the slow progress o f 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 o f its inauguration as will that of President M cKinley. 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. I f this shall happen. President M cK in ley will have an opportunity to attach his signature to a general tariff measure ear lier in ’ he history o f his administration than has any President since George 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 opment o f our commerce and manufac tures adds to the complications and diffi culties In framing a tariff measure, and second, the fact that the party in control of the administration controls only one branch o f Congress. It has seldom hap pened in the history o f' 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 follow ing such a hotly contested campaign as that of six months ago with one brunch o f Congress controlled by those who were pitted against the Republican party in that contest, is the more remarkable. In deed, a study o f the history o f the tariff legislation in the United States would not have warranted a year ago the 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 o f interest, l>oth by way o f presentation o f some tariff history and also o f satisfying those who are inclined to criticise what they assume to be the slow progress o f the work upon the tariff bill, to run briefly over the history o f the tariff legislation o f 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 W ash 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 support o f government, for the discharge o f the debts o f the United States and the encouragement and pro tection of manufactures that duties be laid on goods, wares, merchandise import ed,” etc. The consideration o f this act occupied but about two months’ time, as Washington was not inaugurated until April 30. and the work upon the tariff bill did not begin, o f course, until after that time. This tariff act was o f course very brief, the space „ecupied being prob ably less than one-twentieth o f the bill now under consideration. Several other tariff measures were adopted during Washington’s administration, most of them being an increase upon the rates named by the first measure. John Adams, who became President March 4. 1797. did not sign the tariff hill enacted under his administration, which increased the rates o f duty on sugar, mo lasses. wines, etc., until M ay 13. 1800, over three y ears after his inauguration. Jefferssn. who was inaugurated March 4. 1801. did not attach his signature to a general tariff bill until March 20 . 1804. the bill passed at that time having for its object an increase in the revenues to sup ply funds for the war with the Barbary powers. This aet inereased the ad va lorem rates, and on the follow ing day. a similar aet increasing the specific rates was signet!, both o f them being more than three years after Jefferson's inaugura tion. Madison was inaugurated March 4. 1809. and the first important tariff, t» increase duties 100 per cent on account of the war with Great Britain, was signed July 1, 1812. more than three years after his inauguration. He also signed a gen oral tariff act April 27, 1810. three years after his second inauguration. Monroe was inaugurated March 4. 1817 and signed his first and only general tariff act May 22. 1824, more than seven years after Ills first inauguration. John Quincy Adams was inaugurated March 4. 1825. and signed a general tariff act May 19, 1828, more than three years after his inauguration. Jackson was inaugurated March 4, 1828. and signed his first general tariff act July 14. 1832, more than three years after his inauguration, while the Clay compromise reduction act was signed March 2. 1833. Van Boren's presidential term, which began March 4. 1837, was not marked by the enactment o f any important tariff legislation. W illiam Henry Harrison, who was in nugurated March 4, 1841, issued on March 17 a call for a special session o f Congress to begin M ay 31, indicating by the proclamation rhat the subjects to be considered were the financial difficulties o f the Government. T h e tariff act finally passed by the Congress which that proc la m a tio D called into special session did not become s law until August 30, 1842. or fifteen months after the date named for the beginning o f the special session. Polk ’s term o f service began March 4, 1845. and the “ W a lk er tariff.” which was the special tariff feature o f his term, did not become 1 law nntil July 30, 184(5. six teen months after his inauguration as President. The T aylor administration, which began March 5, 1849. did not witness the enact ment o f any genera! tariff legialstion, ow ing to the fact that the Democrats con trolled the House o f Representatives dur ing the first two years o f the term and both branches o f Congress in the second half o f the term. Pierce, who was inaugurated March 4, 1ST*3. signed on March 3. 1857. the last dav o f bis term as President, the only general tariff measure enacted during hia four yeara in the hite House. Kui banan. «luring hia four yewrs, which began March 4. 1857, signed no general tariff legislation until March 2. 1801. tw o d*ya before the cloae o f hia te n ». Thia act, alga ad tw o day« before Ma retirement, was the “ M orrill” ta riff art, a thoroughly • f last year. The fa rt A a t large number* protective measure, whose paaaage waa made poasible at that time because o f the fact that a large number o f the Southern Democratic members o f the Thirty-sixth Congress had withdrawn, leaving Con gress in the control o f the Republican party, which thus placed a tariff act upou the statute books tw o days before the in auguration o f Lincoln. President Lincoln, who was inaugurat ed March 4, 1861. signed his first general tariff act on Aug. 5 o f that year, and this was followed by the passage in July, 1862. and June 3. 1864, o f other tariff measures, to which bis signature was attaoh<>d. Grant, who became President March 4. 1S69. 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 , 1872. President Hayes, who was inaugurated March 4, 1877, signed no gpneral tariff legislation, the House being Democratic in the first Congress under his administra tion and both branches Democratic in the latter h alf o f his term. T h e Garfield-Arthur administration, which began March 4. 1881. did not w it ness the enactment o f any genera) tariff legislation until March 3. 18S3, two full years after the inauguration. Cleveland’s first teçm was not marked by the completion of any general tariff legislation, the M ills bill, which passed the Democratic House in 1888. failing in the Senate, which was so closely divided politically that it was found impossible to pass through It a measure satisfactory to the administration, the substitute which wan adopted by the Senate being 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 general tariff act passed under his administration was sign ed Oct. 1, 1890, eighteen mouths after his inauguration. Cleveland's second term, which began March 4, 1893, with his own party in con trol in both branches o f Congress, did not witness the completion o f its tariff nu-as- ure until Aug. 2S, 1894, nearly eighteen months a fter he took the oath o f office. A study o f the above history o f 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 o f its action being unusually tardy, it has been unusually prompt, and especially so in view o f the fact that the party ¡ d control of the ad ministration controls only one branch o f Congress, a condition under which it hns seldom been possible to pass a tariff meas ure, evpn in a much greater length o f time than has been or is likely to be occupied in the present instance. G E O R G E M E L V IL L E . The S u g a r T rust Scream ers F la g A tta c k * ■ •a c t in g on T hem sslvm , There ha* been some especially talk in the Senate and some o f the peopl* who are seeking to make political capital by throwing dust with reference to thw pending tariff bill have suddenly d 1 a* covered that there are two side* to almost any story. T w o or three Democratic leaders seem to have reached the conclu sion that they could once more fool tho people, and that their moat convenient way to do It would be to charge that th* sugar schedules o f the tariff bill aa agreed upon by the Republican caueua were fa vorable to the sugar trust. 80 they pro Home F r e e S ilv e r O utcast*. ceeded upon the “ stop thieF' plan to mak* Some individuals, who bolted the Re all sorts o f malicious charge* o f this kind, publican party last year and voted for taking advantage o f the fact that Repub Br.van, held a m«>eting in this city and licans id the Senate have been refusing to organized what they call “ T h e Silver Re discuss any features o f the bill not abso publican P arty o f the United Stati-s.” lutely necessary to be explained, »im ply For some reason they do not care to join for the purpose o f gaining time and get the Populists or the free silver Demo ting the hill through as promptly as poa crats. They seem to think they will have sible. The gentlemen have found, how a better chanoe o f picking up offices if ever. that there ia a limit to the endur they have a distinct organization. ance o f the public who are being imposed These bolters cannot be prevented from upon with this sort o f falsehood, and tho forming a new party, but In doing so they newspapers o f the country have suddenly ought to state clearly to the public what revived the fact that the very men who its principles are and what reason there are now shouting sugar trust with refer is for its existence. That has not been ence to the pending tariff bill are tho done. Ex-Congressman T o w n « declares ones under whose guidance the “ per fidy and dishonor” bill o f 1894 was fram that— “ This is a movement that has taken ed and its sugar schedule so shaped aa to deep root, and will grow until the restora create the gr«-ntest scandnl that has been tion o f silver to an equality with gold has known ¡ d political history in many years. b«»en accomplished.” Attention ia called to the fact that the W hat is this equality that T ow n e and three men. Senators Vest. Jones and his associates are going to devote the Mills, whose monthings about an increase rest o f their lives to securing? Does he in prices o f sugar trust stock as a result intend to say that the time will come o f the pending tariff bill have been tho again when sixteen ounces o f silver will features o f the week, are the very men exchange everywhere for one o f gold? who framed the sugar schedules o f tho T ow n e should look the facts In the W ilson bill under which sugnr trust face. The price of silver, which was 130 stocks advanced 66 per cent., while the cents an ounce in 1870, is 60 cents now. advance during th? entire consideration In spite o f the low price the silver miners o f the present bill is only 6 per cent, and o f the United States put 56,000,000 this a mere incident o f the general ad ounces on the market last year aud made vance which has been strongly marked money at the business. meantime in all stocks. That the three The demand for silver by silver stand men whose manipulations in the schedules ard countries is decreasing because the o f the W ilson bill caused un advance of number ot those countries is diminishing. 66 i>er cent. In the prii’ e o f sugar stocks Japan, the most progressive o f Asiatic should now be screaming like madmen nations, with a population o f 41.000.000, because segar stocks have increased 6 per has adopted the world's gold standard. cent, during the consideration o f the pres Peru and Bolivia, though silver-produciug ent bill would be unaccountable but for countries, are preparing to do so. the fact that they are apparently doing It Does T ow n e really believe that his lit to not only make political capital against tle “ movement" will be able to raise the the Republicans but at thp same time purchasing power o f 371 grains o f silver conceal as fnr as possible their own rec until it becomes equal once more to the ord Tn this very line. purchasing power o f twenty-three grains o f gold? It is difficult to believe that any PolitioianH W o r k lu g C ou n try P e o i la intelligent man who knows what the T h e dangerous characters who w ereja st present silver production o f the world is. fall hired to stir up dissatisfaction and and how much more cheaply It is pro sow seeds o f anarchism ami riot in the duced than o f old, really imagines any cities (.re now being sent through th# thing o f the kind.—Chicago Tribune. country districts for (he same purpose. They travel in gaudily pninted wagons, E x p o rt B o un ty on F a r m P r o d u c ts bearing false or misleading quotations The proposition for a bounty on staple from distinguished men. which are dis agricultural exports is not a new subject. torted into apparent support o f the fres It is a departure from the protective pol coinage o f silver, which ia now worth less icy. It has been eonsitlered for some than one-half what it was when these years by the farmers, especially by the utterances arc alleged to have been made. members o f the National Grange, where T o conceal their real purposes these men it has been fully discussed but not yet profess to be obtaining aubscritx-rS to a indorsed by a m ajority o f that body. Some free silver publication, with which la ft r- o f the propositions seem to be favorable, nished a copy o f a book by “ Coin” Hnr- but it is doubtful whether the giving of h vpy. whose writings are now recognized bounty on agricultural products would be as not only untruthful and misleading, beneficial to the farmer. T h ere might, be but punmsely and maliciously so and an some temporary benefits, but if it stimu imposition upon those before whom they lated production the effect would be dis are placed. This attempt to distribute the astrous to the farmer. W hat troubles the seeds o f distrust, anarchism nud riot In farmer row and makes low prices for his the agricultural communities for the pure productions is the fact that he is now ly selfish purpose o f making a market producing more than the mnrket will read for the property o f silver mine-owners ily absorb o f certain commodities. So and placing a few politicians in office de long as he continues to do this he must serves the contempt o f those upon whom be content with low prices. I f this boun it is being imposed. It is o f the same ty should stimulate the production and class ns that by which the tin peddler increase the surplus offered in the mar wagons spread falsehood through the kets o f the world, it would have the e f country in the Congressional campaign o f fect of decreasing the price received by 1890, hut Is vastly more dangerous to the farmer rather than increasing if. As the country from the class o f employed, I said, it is a departure from the policy the doctrines they disseminate and th# o f those who believe in protection. The desperate schemes o f those who support protective policy advocates the encour them in this performance. T h e silver agement o f production in those lines mine-owners and their political allies bars where we are now not producing enough resorted to this new device to deceive th# to supply our own people, but arc depend people, who are. however, rapidly discov ent to an extent on foreign countries for ering the impositions they practice. our supply. This proposition does not have such a purpose. It proposes simply A C u rren cy Coin m ission U rg e d . to dona’ e to the farm er certain bounties A currency commission which shall on products exported, and it is doubtful frame a plan for the general revision o f whether it would at the most have more the currency system o f the United States than n temporary beneficial effect, with seems likely to he the next step o f the new a tendency to bad reactionary results.— administration, a fter Ihe passage o f the From Interview with Assistant Secretary tariff bill, which will probably take place o f Agriculture Brigham. before the end o f the month. It Is un derstood in W ashington that the Presi T a r iff P rospect# A r e H elpin g. The progress made by the Senate with dent will, as soon as Ihe tariff bill passes the tariff bill has given some Impetus the Hennte. send a special message to Con to general business and has created a gress urging the creation of a commission more hopeful feeling In all departments which shall devise a plan for the general o f trade. T h e m atter is not entirely sen revision of the pur^eney system o f ths timental or at all partisan. T h e doubt country in time for consideration by Con and instability which have plainly sur gress when it meets in its regular session rounded every commercial avenue and five months hence. Political Pith. President Cleveland pulled down the American flag in H aw a ii; President M c K in ley pulled it up again. One-third o f the Southern vote in the present Congress has been cast for pro tection. E very day's consideration o f the Senate schedules o f the tariff bill brings them more in harmony with those o f Ihe 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 o f the late Samuel J. Ran dall are now being invoked by the Democ racy of that section which fought him most bitterly during the closing period o f his useful career. W ith one member o f the Democratic team pulling in tile direction o f free trade, another towards protection, still a third in favor o f free silver, and a fourth head ed resolutely toward the gold standard, the Jeffersonian-Jacksonian hand wagon is not making much progress. The recent “ silver Republican” confer ence is said to have had as its real object a plan to unload Mr. Bryan ns the leader o f the silver cause. Mr. Bryan has too many “ isms” and is to erratic to suit the men who are putting up the money in be h alf o f the silver cause. N o subject is being more carefully con sidered by President M cK in ley now than the Cuban question. It has been the cause o f much anxious thought by him from the beginning and there is good rea son to believe that his plans are well de veloped and will ke recognized as wide and satisfactory when they become known. T h e trade review# and the dally papers o f the country unite in the assertion that business is brightening in all parts o f the United States. More men are employed, the volume o f new orders is increasing, and the amount o f work done is steadily gaining. W ith the final Hction on the tar iff bill, which may be expected during the present month, an increased improvement is confidently expected. People who are surprised that the R e publicans in the Senate are not answering in detnil the attacks made hv the Demo crats upon the pending tariff bill need not suppose that it is beesuse o f lack o f argu ment or facts upon which to base them. Th eir silence is simply because of their unwillingness to consume s mompnt of time more than is absolutely necessary in getting the bill before the Senate. C a n 't B e F o o le d E v e ry Tim e. Some people can be fooled once or tivice, but very few more than that. Mr. Bryan in hia speeches last fall asserted that the forty-tw o million dollars neces sary to keep pace with the growth o f pop ulation in the United States could not be produced since the suspension o f free coinage o f silver, and quoted Senator Sherman in support o f his theory that this amount was necessary to be added to the currency o f the country each year He was undoubtedly right in his quotation o f Senator Sherman, but both inaccurate and misleading in assuming that this amount o f currency cannot be and is not added to the circulating medium o f the country by means o f its present facilities. The coinage o f the mints o f the country in thp year which ends with the present month will be, in round numbers, one hundred million dollars, three-fourths o f it gold, while that o f the calendar year 189(5 was ninety-nine million dollars. Add to this the fact that th » money in circulation to-day ia $138.000.000 more than it w as a year ago and it will be seen rhat Mr. Bryan's statements in this, as well a# in many other things, were, to say the least, misleading. P o p u lists W a n t No Fu sion. Populist leaders are advising against a continuance o f the fusion o f last faii be tween their party and the Democrats. T h e uncertain attitude o f the Democratic party on the two great quest ions, protec tion and sliver, is the cause o f this un wUlingnann to continue the unholy alliance o f Democrats In »v e ry State where cam paigns are to take place this fall are re fu tin g to enpport the free coinage o f sil ver, and that many members o f that par ty in Congress and elsewhere are aban doning free trade and supporting high protection, has rendered a further alli ance o f the two parties improbable. Mr. T . B. Rankin, a prominent member of the Populist party in Ohio, in a recent in terview. said: “ The object o f the or ganization o f the Populist party was to secure ueeded reforma, not *0 stab the Democratic or Republican parties. 1 was opposed to fusion last year, and am still more opposed to it now.” which always exist while tariff uncer tainty lasts will in all probability aoon be removed. F or the firs* time since 1887 the business of the country will be in a free and untrnmmoled position and the favorable effect on credit and individ ual action canot be too highly estimated. Th e m anufacturer and the distributor w ill be able to see clearly into the future and the money lender and the money bor rower will be able to act understanding^. T h e prospect hns already caused some activity In the iron and ivteel trades, and hns given definite assurance in other di rections. The great m ajority of the Am erican people hope for and have con fiden ce*^ substantial results. The gen eral situation is ripe for the change. Money Is abundant at low rates, i ’ riep is on a level which practically guaran tees judicious operation*. D is a p p o in t m e n t f o r F o p o e r a ts . Dis#appointment follows disappoint ment among the Popoeratie lenders. Not only are they disappointed in the fact that the Republicans have presented a solid front on the tariff question and fail ed to quarrel among themselves upon cur rency. or any other question, but they are eVen more distressed to find their own par ty falling to piece* on the question o f pro tection as well as silver, since their vot» against the protective featnres o f the tar iff bill i* grow ing weaker daily, while their argument* in hpbalf o f free silver an- being disproven by every w eek'* de velopment* since the election. A n tics o f J on es, Vest, anil M i ls. Senators Jones, Vest snd Mills didn't know it was loaded. They began shout ing about a small advance o f about 6 per cent, in the v * I hp o f sugar trust slock* simultaneously with a settlement o f the sugar schedule by the final at-fion niton it in the Senate caucus, but had evidently forgotten that when the tariff hill was in their own charge, in 181(4. stocks o f (hi* same sugar trust advanced 55 per rent- in value during their manipulation o f the bilk DIDN’ T KNOW IT W A« LOA DE T h e ir T h e o rie s E x p lo d in g . I f farm prices do not stop advancing and silver prices do not stop their down ward course, there will In* nothing left to sustain the chief theory of the free coin age orators o f last fall that prices o f fnrm products kept pace with those o f sil ver. Lea «¡tug (arm products have in creased in price from 50 to 100 per cent, since this beautiful theory was exploited on the stump Inst fall, while the price of silver has meantime steadily decrease«!. M o v in g tv it II C ant on. E very side of the Cuban question Is be ing etjnsidered by President M cK in ley now. and a «•onrse o f action Is likely to be indicated in the m ar future. Th e import ance and gravity o f the issue# Involved and possible «■oaseqitence# o f a mistake are so great that the President and bis advisers are moving with thp utmost caution, as any Jndlcions citizen would do if such grave responsibilities, were placed upon his imliviilttal shoulders. P la n to D u m p Prv««n. “ Rotation in office" is popular w ith the friend# o f free silver as well a* others. It is whis,>ere<l that the rial «-aitse o f tjje Chicago gathering o f a few «lays since which ofganixed what wn* called the sil ver Republican party was to set on foot a movement which should push to the front an entirely new leader for the silver cause and dump to the b'dlom o f the d«op blue sen W illiam Jennings Bryan, who led the party to defeat last year. D istrcaaing »0 P o 'It le a l E n em ies. T h e absolute unanimity o f purpose in the Republican party anil the solidity of its ranks in th«' Senate is distressing ita political enemies greatly The party dissensions which they had expected to see crop out among the Hi publicans bars mail* their appearance on their own •Mi# nf th# <‘bj«mh<*r. I h >\ vhv * t . ihi* u<itl« to tbk* difltrt** o f th# h«rulin’. *»f ¡(«MilUm**fi « bo i u t t r i»i* lb * )i*Nti< r» o ( tb *f part/ ia tad out o f Cougreta.