|Rights||No Copyright - United States (NoC-US)|
|Publisher||Digitized by J. Willard Marriott Library, University of Utah|
AMERICAN EAGLE. M. A. ftj Tfll I.IAMSOT. UTAH. MURRAY, Continued from pieiv-ilin- fluids of the n advance of the even legislation" whi.h the Secretary looks f..r. The parage ..f the pending tariff bio, whatever may be its Conditions, will give tin-- country a tim-- on that head ; the promise ..f the grain fields is uot cheering; and though the currency ijiirv awaits solution, it js far less complicated with the menace of free s:ier thatiV wasMS months ago philudvlpuiu "propt-- Hccrd psu'f.l (J. 1IUSIXESS DIPJiOVlXtt. m.). View of a Veteran. Among those who have spoken in this ve.n is Iluse-!Sage, a veteran financier, FRESH EVIDENCE FROM EVERY who is cautious in siatemeiit and not PART OF THE COUNTRY. prune to rush into print for the expluita-t:oof his views on current matters. "I think," be said, "that we nre going to democratic and Republican Journals have steady progress toward far better times. I do not look for anv boom, but Vie Titli Jlacli Other in Assurance nf Ret iiriiinjj Business Prosperity-Repo- rts a gradual improvement from now on. The railroads are getting more traffic, nnd from All Directions. they are working more harmoniously. The settlement of the tariff question will be a History May Repeat. great '"elief to the business community. Twenty years ago, in 1877, the country After the rates of duty have been agreed was enshrouded iu the gloom of a busi- upon and a bill passed we can settle down ness depression, consequent upon the pim-i- e with the assurance that 'we shall not be of 18715. There were plenty of prophets again disturbed by tariff measures for at who predicted that the times would never least twcr.fy-fim- r years. The properties in which I am interested are doing well. pot any better, and the mass of the peoes, I think (here is every reason to beple were discouraged and about ready to concede that the prophets of evil were lieve that we have long ago passed the right turning point." This sentiment is widespread, and But in the fall of 1877 signs of improvement 'began to appear. The general the- though there may be some unscrupulous ory was that a more hopeful feeling was politicians who would block tariff legislainduced by the Approach of the date for tion until after the fall election in the tl.o resumption act to so into effect. hope that thereby the opponents of the wiis no doubt something in this Republican ,nr(V would be idiUylo, irain fT.ntjrfrs i.r.-r prevail men" were I'ou ml YljQ I'll a- - nnd liill will bo passed sooner than the a" Tie Tall Unit and nre, wouiO fnunptiou business would be injured nether than was expected. Albany Journal. helped by the attempt to resume. I!ut in spite of all tiie talk, the times Most Enconrairins for Years. continued to improve steadily. In a broad way last week was one of They were much better in 1S7S, and in 1S71) the the most encouraging in business circles rising tide assumed the proportions of that this country litis experienced for sevsomething like a boom. Some of ovir Mineral years. The genet al outburst of conneapolis people who carried real estate fidence in financial circles was reflected through the period of depression, and in the course of the stock markets, which nearly broke their backs doing so, will were bullish from start to finish. The remember that by 1 sSu it was salable at reassuring utterances of the President advanced and advancing figures. In the and the leading members of his cabinet next few years the prices of realty here produced a very favorable impression; nnd elsewhere in the country reached the but beyond that it w as seen that a number highest prices ever known before or of encouraging factors were in evidence. since. It was perceived that the price of iron The history of this country appears to had gone up; that railroad earnings were show that panics nnd recoveries run in increasing; that money was in ample supabout twenty-yea- r periods. There was ply for all legitimate- purposes; that the the panic of 1873, followed by five years gold exports had dwindled to a mere nothof depression; the beginning of recovery ing nnd that the prospects of a speedy enin 1877; the full tide of recovery in 1870, actment of the tariff bill were daily growfollowed by a period of prosperity lasting ing brighter. This induced a buoyant until 181)2. Then came the panic of ISO!!, tone iu the prices of all. Minneapolis followed by the period of depression Tribune (Rep.). which we are now experiencing. To some there are as yet no signs of improveGood Prophets In the Northwest. ment discernible, while to others there is In Minnesota and other States of the already a faint glimmer of dawn. Many Northwest the spring opens with the nre looking forward to the passage of the cf abundant crops, especially of tariff bill as the starting point of a new promise our leading staple, wheat. And in spite period of prosperity. I'.ut wlieiher from of the low prices now prevailing there is that or some other cause or causes, it is ever- - ground, as shown elsewhere, for quite probable that history will repeat that our farmers will realize and that, in the fall of the present believing good fairly prices for their crops. This year, or the beginning of 1808, we shall will almost certainly stimulate the acwitness a notable improvement, followed in the cities, tivity of trade and by perhaps ten or a dozen years of great so that by next fall,industry with the aid of the prosperity. new tariff, it is safe to anticipate The cycle la nearly completed. AYe n restoration of pretty wholesome business conLave experienced nearly live years of de- ditions. Minnesota, therefore, is in full pression since the election of Cleveland in sympathy with the cheerful prognosti1S92. It is nliout time for a change in cations of Mr. Gage. St. Paul Pioneer the natural order of things. Exchange. Press. 1 n - act. signed two ay before Ids retirement, of last year. The fact that large numbe rs DIDN'T KNOW IT WAS LOADED. was the "MotTlli" tariff act, a thoroughly of Democrats in every State where cam hoe passage was paigns nre to take place ibis fall are re- The ?u jar Trust Fcreamer Find Thetr protective made' possible at that time because of the fusing to support the free coinage of silAttack Keuitini; on Themselves. There has I u some especially sharp NO PRESIDENT SO PROMPT AS fact that a large number of the Southern ver, and that many members of that parThirty-sixtDemocratic of in Congress and elsewhere are abanihe iu tbo Senaie and some of the people nioinliers talk ty M'KINLEY. Congress bad withdrawn, leaving Con- doning free trade and supporting high who are sinking to make political capital gress in the control ef the Republican protection, ban rendered a further alli by throwing dust with reference to tha ance of the two parties improbable. Mr. pending tariff bill have suddenly disHis Tariff Law Will He on the Statute party, which thus placed a tariff act upon the statute it before the inT. It. Rankin, a prominent member of the covered that there are two sides to almost two day U of Hook Karlier than That Any e,f Lincoln. Two or thre-- Democratic auguration Populist party in Ohio, iu a recent in any story. l'renilent Since Washington-Fac- ts President Lincoln, who was Inauguratterview, said: "The object of the or- - leaders seeuii to have reache'd the oouelu- ed March 4, 1h;1, signed his first general ganiaiion of the Populist party was to saiii tii.it Which Should Silence Croaker. they conlil once more tool tne tariff act on Aug. 5 of that year, and this reeded reforms, not to slab the people, aid that their most convenient was followed by the passage in July, lst!2, Democratic or Republican parties. I was way to do it would be to charge that the (loud Progress Made. and June o, lsi!4. of other tariff measures, opposed to fusion last year, and am siiii sugar sche dules of the tariff bill as agreed lal ?pei Washington correspondence: to which L: signature was attached. mure opposed to it now." upon by the Republban caucus were faPeople who are complaining of what March 4, President who vorable to the sugar trust. So they protirant, of the assume to be the slow progress tluy Some Free Silver Oute-nsts- . ceeded upon the "stop thief plan to make on July 14, 1N70, his first tariff bill will probably be surprised t0 IMI'J, t.ign, which all sorts of malicious ediarges of this kind, Some individuals, who bolted the Reknow that no administration bince that generul act relating to revenues, by the internal revenue taxes were reduced, publican party last for voted and taking advantage of the fact that Repubstatthe of Washington ever placed upon yt'ar this lieing filowd by another reduction Bryan, held a meeting in this city and licans in the Senate have been refusing to ks a tariff measure within as brief ute on June li, ls72. organized what they call "The Silver Re- dismiss any features of the bill not absoa period of its inauguration as will that President was who inaugurated Hayes, publican Party of the United State's." lutely necessary to be explained, simply is of President McKiidey. There every reason to suppose that the tariff bill will March 4, ls77," signed no general tariff For some re'iisoii they do not care to join for the purpose of gaining time and getthe House being Democratic the Populists or the free silver Demo- ting the bill through as promptly as posgo upon the statute books before the end legislation, in (he first Congress under his administra-tien- i crats. The-- set'iu to think they will have sible. The gentle-mehave found, bow of July, probably much sooner than that. and both branches Democratic iu a belter chance of picking up olbces if ever, that there is a limit to the endurIf this shall happen, President McKinley the latter half of his term. ance of the public who are being imposed they have a distinct organization. will have au opportunity to attach his The Garfield-Arthu- r adniinisirat'um, These bolters cannot be prevented from upon with tills sort of falsehood, and the signature to a general tariff measure earforming a party, but in doinit so they newspapers of (he country have suddenly lier in the history of his administration which Wgan Mare-- 4, 1881, did not witness tariff the to of enactment state general ought clearly to the public what revived the fact that the very men who any than has any President since C.eorge the re are now shouting sugar trust w ith refer-enc- e 15, lS8o, two full its principle's are and what Washington signed the first tariff act on legislation until March not be'e'ii has to the pending tariff bill are the existence. That for its is years the after 1 inauguration. 7 St. July 4, declares ones under whose guidance the "pjer-fi'l- y Towue marked not Cleveland's d.ne term was first This remarkable record which is likely and dishonor" bill of 1S04 was framto be made with reference to the present by the e'ompletion of any general tariff tha- ta movement that bus taken ed and its sugar schedule so shaped ns to is which "This Mills the bill, passed legislation, tariff bill is made more remarkable by the Democratic House in 1888, failing in deep root, and will grow until the restora(he greatest scandal that has been two facts: First, that every year's develthe Senate, which was so closely dividend tion of silver to an equality with gold has know n i nolitienl historv in manv venrs. manufacopment of our commerce and , uiiu' eefiihlity that Towne and ! M.,liou u rnned t(J that tlie iioQ c. ,m.l mi;-tures adds to the complications ai.vdilli-xyhie- s nolitionllir elint ...1UUII, turoe men, Senators Vest.faf,t l ie his sulistitute associates Jones and are to elewote the going wVtcir was adopted by the Senate being re'st of in framing a tariff Mills, whose their liven to securing? Does he mouthings about an increase one of (He nrrmmTKm-n-nnT- i controls rejecteel by the Demointend to say that the time will come in prices of sugar trust stock as a resnlt branch of Congress. It has seldom hap cratic divisions House, where the of the pemding tariff bill have been on the tariff question, now again when siste-e- n tha ounce's of silver will pened in me history of the country that SO Strongly marked, wns then features of the week, are the beginning exchange everywhere for one of cold? a general tariff measure litis been placed very men who framed to make itself apparent. Towne the sugnr schedules of the should look the fiii'l in lin upon the statute books when (kmgress ''11 nmler which sugar trust Henjaiin Harrison's term began March face. The price of silver, which was 1110 and the administration were not controll H5 per cent., while the ed in all their branches by a single paTty, 4, 18S0, and the first general tariff act cents an ounce in 1S70, is 00 cents now. advance dunng the entire consideration , tinder his administration was signof the low priee (he silver miners passed ,.l in r..,,l Jl...i spite jto u nun nt uuii ii suouiu of the present bill is pass possioie 0 ed Oct. I, 18!K), eighteen months after his Of tbo United Slates put 5(1,000,000 jer cent, and tariff measure so immediately following this a mere incident only the of ounces on the made and market last inauguration. general adyear vance which has been such a hotly contested campaign as that strongly marked Cle'voland'a second term, which began nioni'y at the business. of six months ago with one branch of in all stocks. That the three meantime The deiiuind for silver by silver stand men w March 1S'J.', with his own parly in conhose manipulations In the schedule Congress controlled by those who were trol in 4, both branches of Congress, did not ard countries u. decreasing - because the of the Wilson bill caused an advance of in the pitted against Republican party of those nnmbiT countries measwitness the completion of its tariff ijud,i that contest, is the more remarkable. In- ure of s,,ar 8tot'k Asiatic of most the progressive until Aug. 28, 181)4, nearly eighteen Japan, deed, a study of the history of the tariff of 41,000.000, a with because have increased tjff stocks population nations, office. euith he sugar took of months the after legislation in the I'nited States would has adopted the world's gold standard. cent, during the consideration ot the presA study of the above history of the tarinot have warranted a year ago the preent bill would be unaccountable but for Government Peru and Bolivia, though diction that a protective tariff bill could ff from the beginning of the so. the fact that they are apparently doing it down to the present time will indicate to conn trie's, are preparing to do have passed a Congress which was not Does Towne reatly Udieve that his lit- to not only make political capital against those who have been inclined to criticise controlled iu both its branches by the Reto raise the the Republie-an- s but at the same tune what they assume to be the slow action of tle "movement" will be able 371 grains of silver conceal as far as possible their own rec publican party. of power purchasing It may be of interest, both by way of Congress that instead of its action being until it becomes equal once more to the ord iu this very line. unusually tardy, it has been unusually tventy-thn- e grains presentation of some tariff history and so in view of the purchasing power of also of satisfying those who are inclined prompt, and especially to believe that any Politicians Working Country People is difficult of It gedd? in control of the adfact the that party to criticise what they assume to be the knows what the The dangerous characters who were last ministration controls only one branch of intelligent man who slow progress of the work upon the tariff of the world is, fall hired to stir up dissatisfaction and silver production present a condition under w hich it has Congress, bill, to run briefly over the history of the nnd how much more cheaply it is pro- sow seeds of anarchism and riot in the seldom been possible to pass a tariff meastariff legislation of the country from the duced than of old, really imagines anysent through the cities tre now length of time ure, even in a much beginning down as connected with the than has been or is greater to be occupied thing of the kind. Chicago Tribune. country districts for the same purpose. likely various administrations. They travel in gaudily painted wagons, in the present instane'e. The first tariff ac placed upon the statExport Bounty on Farm Products. bearing false or misleading quotations GEORGE MELVILLE. The proposition for a bounty on staple from distinguished men, which nre disute books was signed by George Washagricultural exports is not a new subject. torted into apparent support of the free ington, July 4, 1780. Not only was it Political Pith. It is a departure from the protective some coinage of silver, which is now worth less the first tariff act under the constitution, Cleveland pulled down the President It has been considered for what it was when these but the first protective tariff measure, inthan one-hal- f American flag in Hawaii; President Mc- - years by the farmers, especially by the utterances are alleged to have bem made. in necesits is dicating preamble that "it pulled it up again. members of the National Grange, where To e'oncea! tliedr real purposes those men sary for the support of government, for Kinley One-thir- d of the Semthern vote in the it has been fully discussed but not yet the discharge of the debts of the United profess to be obtaining snbscrilnTs to a indorsed by a majority of that body. Some fri'o silver publication, with which is furStates and the encouragement and pro- present Congress has been cast for pro of the propositions seem to be favorable, nished a eeepy of a book by "Cerin" Hartection of manufactures that duties lie tection. Every day's consideration of the Senate but it is doubtful whether the giving of a vey, whose writings are now recognized laid on goods, wares, merchandise importschedules of the tariff bill brings them bounty on l products would be as' not only untruthful and misleading, ed," etc. The consideration of this act more in harmony with those of the House beneficinl to the farmer. There might be but piirpewwiy and maliciously so and an occupied but about two months' time, a and it is probable that the bill, when but if it stiinu- - imposition upon those before whom they "Washington was not inaugurated until bill, temporary benefits, It into conference, will difti-- r but lit 6omo t u. iic. niwvi laleu are April 30, and the work upon the tariff tlegoes in is auempi to uisiriuiue uig from that which passed the House. astrous to the farmer. What troubles the seedspiaceei. bill did not begin, of course, until after of distrust, anarchism and riot iu RanSamuel The of the J. late shades farmer now- and makes low prices for his the agricultural communities for the purethat time. This tariff act was of course dall are now being invoked by the Democproductiems is the fact that he is now ly sedlisb purpose of making a market very brief, the space occupied prob racy of that section which fought him producing ineire than the market will read- for the ably less than of the bill most property of silver bitterly during the closing period of ily absorb of certain commodities. So and placing now under consideration. a few politicians in office deSeveral other his useful career. tariff measures were adopted during long as he continues to do this he must serves the contempt of those upon whom With one member of the Democratic be content with low prices. If this bounit is being imposed. It is of the same Washington's administration, most of team pulling in the direction of free trade, ty should stimulate the piwluctiou and class as that by whie-- the tin peddler them being an increase upon the rates another towards protection, still a third increase the surplus offered in the marnamed by (he first measure. wagons spread false-hoothrough the John Adams, who became President in favor of free silver, and a fourth head- kets of the world, it would have the ef- country in Ihe Congressional campaign of toward the gold standard, fect of decreasing the price by IS! t(J, but is vastly more dangerous lo March 4, 1707, did not sign the tariff bill ed resolutely Jeffersonian-Jacksoniaband wagon the farmer rather than increasing it. As enacted under his administration, which the (he country freun the class of employed, Is not making much progress. I said, it is a departure from the policy the increased the rates of duty on sugar, mothey disseminate and the The recent "silver Repub!iiin" conferof those who believe in protection. The desperate schemes ef those who support lasses, wines, etc., until May .'$, 1S0O, is said to have had as its real object ence thi-over three years after his inauguration. in this performance. protective policy ndveicates the encourThe silver a plan to unload Mr. Bryan as the hader agement of production in those lines Jefferson, who was inaugurated March allies have and their political the silverr cause. Mr. Bryan has too where we are now not 4, 1801, did. not attach his signature to a of producing enough the new device to dece-iv- e to this "isms" and is to erratic to suit the to supply our own people, but nre dependdiseeiy-crin- g who general tariff bill until March 2(1, 1S04, many are, rapidly however, people, ent to an extent on foreign countries for the bill passed at that time having for its men who are putting up the money in the impositions they practice. of the silver cause'. our supply. This proposition does not object an increase in the revenues to supNo Biibject is being more carefully conhave such a purpose. It propose simply ply funds for the war with the Barbnry A Currency Commission Urged. coniuiis-siopowers. This net increased the ad va- sider by President McKinley now than to donate to the farmer certain bounties which shall A It has been the on produe'ls exporte-el- . ami it is doubtful framecurrency lorem rates, nnd on the following day, a the Cuban question. the for revision of a general plan similar act increasing the specific rates cause of much anxious thought by him whether it would at the most have more the of the United States system currency the from and is reathere beginning good was signed, both of them being more than than a temporary beneficial effect, with seems likely to be the next sti'p of the new son to believe that his plans are well dethree years after Jefferson's inauguraa tendency to bad reactionary after the passage of the veloped and will be recognized as wide From interview with Assistant Secretary administration, tion. will probably take place whieh tariff bill, when they become of and Agriculture Brigham. Madison was inaugurated March 4, known.satisfactory before the end of the month. It is 1800, nnd the first important tariff, t0 in Washington that the Prost-ele-The traele reviews and the daily papers Tariff Prospects Are Helping:. increase duties JoO per cent on account of of the w ill, as soon as the tariff bill passes unite in the assertion that The progress made by the Senate with the war with Croat Britain, wns signed businesscountry a siiecial message to Conis brightening in all parts of the the tariff bill has given some impetus the Se'iiate', more 1, than three years after United States. More men are creation of a commission the July 1812, urging gress a has created employed, to general business and his inauguration. lie also signed a gen- the volume of new a plan for the general devise shall whii'h orders is increasing, more hopeful feeling in all departments eral tariff act April 1:7. 181(1, three years and currency system of the amount of work done is steadily of trade. The matter is not entirely sen- revision of the for (he eousldern (ion by Conafter his second inauguration. 'i'he dmilit country in time or at all partisan, session wheui it meets iu its Monroe w as inaugurated March t Igfj gaining. With the final action on the tari- timental gress surwhich have plainly and signed his first and only general tariff ff hi!!, which may bo eiprcfed during the and instability comnieri'Ul avenue hence. five months -. and month, an increased improvement rounded every act May 1M"4, more than seven years ewtn IS CeihftArotjy uncerwhile tariff exist whie'h always expected. after his first inauguration. Their Theeiries Fploding. Poeiple who are surprised that the Tte- - tainty lasts will In all probability soen John Quincy Adams was inaugurated publ ieans iu the Senate farm prices do not stop advancing If are not the time first since For removed. be answering March 4, 1S'S and signed a general tariff in detail .the attacks made bv the Demo 1887 the business of the country will be and silver prices elo not stop their downact May P,. 8l'S, more than three years will be nothing left to crats the bill need upon not in a free and untrainnie-lepending tariff position and ward course, there after his inauguration. the chief theory of the free coinsustain is because of lnek of argu it on that effect favorable credit and individ suppose? the Jackson was inaugurated March 4. ual action canot be tmi highly estimafe'd, age orateu-- of last fall that prices ofr. 18J8. nnd signed his first general tariff ment or facts upon which to base them is simply beeause of their The manufacturer and Ihe distributor farm products kept pace with theise of Their silence act July 14. lSU, more than three years Leading farm products have to consume a moment of will be able to see clearly into the future after his inauguration, while the Clav unwillingness from 50 to lo) ler eent. in prie-time more than is absolutely necessary bor lender ami the and (he money money compromise reduction act was signed in since (his beautiful (henry was exploited w ill lie able to act undeTstandingly bill before the Senate. rower the geidng L 18."..'!. March The prospect has already e'liuse-i- l some on the stump last fall, while the price of Van Huron' presidenlial term, which decreased. activity in the iron and steel trades, and silver has meantime steadily Can't Be Fooled Mvcry Time. began March 4. is:!7..vns not marked diin assurance definite Las other given can be Some fooled once or people by the enactment of any important tariff Moving with Caut'on. rections. The great majority of the (wiiv, but very few more than that. Mr. legislation. confor and have Every side of the Cuban question is g Bryan in his speeches last fall asserted Americanin peeiple hope William Henry Harrison, who was ciinsielereel by President McKinley fidence 'The results. substantial genmillion dollars necesthat the forty-twMarch 4, nnd a course ed action is likedy to bo issued 0n now, is for eral situation (he change. ripe March 17 a call for a special session of sary to keep pae-- w ith (he growth of popin the near future. The importindicated Money is ahnnelant at low rates. Price iu the United States could not be Congress to begin May 31, indicating by ulation ance nnd gravity of the issues invoked level which on a is guaranpractically the proclamation that the subjects to be produced since the suspension of free tees of a mistake nnd possible judicious operatieuis. Seuiator considered were the financial dillicu'ties 0f coinage of silver, and quote-inre so gre'at that the President and his (henry (hat this ndvisiTs are moving with the utmost (he tlovi'i-nment- . The tariff net finally Sherman in suport of his lie rlsapmlritment for PiipocratA. added to Ihe was neiessary to follows caution, as any judicious citizen would passed by the Congress which that proc- amount Dissappointment disappointlamation called into special session did not currency of the country each year. He ment among the Popocratic leaders. Not if such grave responsibilities were be'coine a law until August oO, 1842, or was undouble'i'ly right in his ejnotutinn of only nre they disappointed in the fact placed upon his individual shoulders. fifti'cn months after the date; named'for Senator Sherman, but both inaccurate and that ihe Republicans have presented a misleading in assuming that this amount solid front on the tariff epiestion and fail Plan te Dump Bryan. the beginning of (he special session. of currency cannot be nnd is not added ed to epnrrel among themselves upon cur- in oHice" is popular wilh the Polk's tei;a of servie-nidation began March 4 to the circulating medium of the ns others. rencv, or nny othiT question, but they are friemds of free' silver as isj,", nnd the "Walker tariff," which was the special tariff feature of his term, li, by means of its present facilities. The even more elistros'sod (o find their own par- It is whispered that Ihe l cause of the coinage of the mints of the eouulry in the ty falling to piece's em the question of pro- Chicago gathering eif a few days since not become a law until July 110, 81(i, n ends with (ho present month tection as wi'll ns silver, since the-i- r vote which organize'd what was called the silmonths after his inauguration as year which round numbers, one hundred against Ihe protective features of the tar- ver will be, in President. Republican party was to sed on foet s of it gold, iff bill is million dollars, we'iiker daily, while a movement which should push to the growing w The Taylor administration, hioh began while that of the calendar year was their nrsnments in behalf of five silver new lender for the silver front nn March o, I84'.l, did not witness (he enact, ninety-nin- e Add to (his million dollars. are being disproven by every week's en use and dump to (he bottom of the dee'P of tariff nient any general legislation, ow- the fact that the money in circulation sini'e the ede'ctioti. blue sea William Jennings Bryau, who ing to the fact that the Democrats oem. is JI.IS.OOO.OOO more than it was lis! (he parly to ilefent last year. (rolled the House of Representatives dur- a year ago and it will he seen that Mr. Antics of Jones, Vest, anil Mills. linemies. ing the first two years of the term ami Kryan's tateinenls in this, as well ns Senn'ors Jones, Vest and Mills elidn't Distressing te Peditle-a- l both branches of Congress iu Ihe second in 'many other things, were, to ssy the know it was loade-d- . The absolute unanimity of purpose in They began shouthalf of the term. ing about a small advance of about ti per (he Republican parly nnd the solidity of least, misleading. cent, in the value of sugar trust stocks Its ranks in Ihe Setinle is disi tvssing its Pierce, who was inanguralrd March 4. 1 simultaneously wilh a seltlement of the poliiie'al enemies greatly. The party srrt, signed on March .'!, 1"i7, the last Peipulist Want Nei Fusion. elny of his term as President, the only Populist leaders are ndviwing against n sugar t ohednle by the final ail ion upon tlissi'iisiotis which they had expected to it in the Senate caucus, but had evidently see crop out among the Republicans have general tariff measure enacted dtiriug his coiitinuanr? of the fusion of last fall between their party and the Democrats. forgotti'ii that w hen the tariff bill w as in made i heir nppcaranee on their own side four years in the While House. own charge, in IS',14, stoe ks of this of the chamber, however, and this adds to Huchanan, during his four years, which The uncertain attitude of the Democratic the-isame sugar trust advanced r,"i per cent, the elistress of the handful of gentlemen signed no cuoral parly on the two great questieins, protecliegan March 4, in value during their manipulation of the who assume to be the lenders of that laritT legislation until March 2, l'v!l, (wo tion nnd silver, is the cause of this to continue the unholy aliianco bill. d.im before tile close of his term. Thi parly iu nnd out of Congress, OURTARIFFIIISTORY. h 1 laH-am- e 1 h ne-- "ate te "rIofr -- i0. . l I 1 ttocl4Jiii silver-producin- g pol-ie'- y. agrie-ultura- prol-m'tl4c- i be-in- From High Authority. The statement of failures in May by branches of business gives much encouragement. In amount of defaulted liabilities the month was the smallest since September, 1S!I., iu manufacturing lin- bilities the smallest since November, IS'.),"), and in trading liabilities the smallest fciuce September (excepting the last mouth) 1SU4. Failures of general stores have not been as small in any month ns in May, 1807; in only two months out of have there been smaller failures thirty-siin books and hats; only live in groceries; jind not cue trading class in that month lias 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- , x except five in chemicals, six in woolen goods, seven in machinery, lumber and miscellaneous manufactures, and exceeded the average only in iron nnd cotton goods and earthenware, owing to a few failures of exceptional size. Nobodv can mistake the meaning of such returns. The statement that, except for the temporary depression in prices, the volume of business transacted is now larger than it was in lS'.l'J the year of greatest prosperityhas been questioned by some. Hut n comparison of prices this week in the leading branches of manufacture not only confirms that view, but shows a 1'eiuarknhle similarity to ihe course of prices in the earlier itton t lis ofin 1ST!), when production Ihe most wonderful advance and prices ever known in tliiw or any close Dun's hand. at other country wal Review. XMstinunislicd Itiifdncss Men Ppalf. The New Yolk Mail and Express last week published interviews with three me n prominent iu business and finance just as they were about to sail for Europe, wilh the following result: Ceorge .1. Could paid: "Every tiling is on the up grade and, fo fr.r as I can see. die signals are set for a clear track ahead. The improvement, whether it be in Wall street or is coming slowly, it is true, but it is better that it should move along slowly, Vocalise it will be more lasting and satisfactory to ail concerned," Andrew Carnegie said: "1 believe business tn this country is actually beginning to permanently improve. The outlook is excellent ii ml I expect 1o see very busy times when I relurn." I'hauncey M. Dopcw said: "Wlml shall I tell them (foreigners) of the outlook? Well, I hall tell them that if to me we have iTosm d Ihe Ribie-othat ahead of us now are good times busiuess activity, general prosperity." else-f.vher- Rifts iii tlir Cloud. Secretary Gage, who recent !y talked with the members of (he Commercial Clubs in sessio;i at Cincinnati, nil of whom wire representative of (he great business interests of Huston, Chicago, Cincinnati and St. Louis, made Ihe reassuring statement in Washington that they reported a better business feel ins than had been noted for some time, which they regarded as a forerunner of a permanent H is worthy of note that improvement. they reflect the com men jinlgnu ut of business linns whose transactions nre so widespread that 1hcy are fairly symptomatic of the pulse of general trade. Nor on a view of (he whole field is it unreasonable to think thai ibie may be a lifting up Freed from the Slonijh of Despond. Occurring separately, the increase in loans and the decrease in failures would be encouraging, but coming coincidontal-ly- . ns they do now, they tell a story at which the country should felicitate itself. The expansion in the one shows that business is on the increase, while the contraction in the other proves that business is carried on under better conditions than This is a state of prevailed recently. things which justifies financial confidence and cheerfulness. The country is not yet entirely out of its slough of business despond, but it has advanced so far in that direction that its complete extrication cant. not be long delayed. St. Louis Ulobe-Domocra- The Campaign of Calamity. To read the daily wailings of the organs of free sliver and free trade will convince any person that those noisy journals have started in to light the calamity campaign of lSOtl all over again. They are preaching the old pernicious dogmas of discontent, disorder and disaster with all the reckless rhetoric of the demProfessing agogue and the anarchist. friendship for the cause of labor, they are wickedly striving to arouse the working-ma- n against his employer; pretending to favor the restoration of prosperity, they are deliberately trying to stille the growing spirit of confidence in business enterprise; and, while ostentatiously mourning over the depression of industry, their whole influence is being exerted to make It permanent and hopeless. Such are the real purposes of the now campaign of calamity. In furtherance of them its organs publish daily columns of dispatches to show that trade and industry nre steadily going from bad to worse, and that ihe condition of labor is becoming more a ml more desperate. To these prophets of evil the report that a factory has closed its doors, that a furnace has banked its fires, or that a mill has curtailed its Working force is a message of joy. A story of business failure or abandoned enterprise is a delight; tales of idleness and want are hailed with glad acclaim, and every line that (ells of paralysis iu (rnde, loss iu capital and earnings or despair among those who toil is eagerly welcomed and ostentatiously displayed us a fulfillment of gloomy prophecies. Hack of this rager quest for evil tidings is a stiallhful purpose to provoke antagonisms httween labor and capital, and thus undermine the foundation of ihe rising structure of business prosperity, dood times mean death to the ngitation for free trade and free silver. The calamity organs know it, and this of their knowledge is (he inspiration postpone the day desperate attempt of returning confidence and prosperous d 1 business. The intelligent masses of American fully understand the situation. Their condition is far from what it ought to be in employment and pay, but on the other band it is much less distressing than (he mouthy oracle of chaos would have it appear. The conduct of the great body of workingnicti under (lie harsh conditions which now prevail has In en admirable in its patience, hopefulness and The attempt of demagogues and charlatans to incite disorder nnd strife in the ranks of labor will receive its sharpest rebuke from the werking'u' u thorns' ! ws. w s mine-owne- rs n mine-owne- be-ha- lf k s sil-ve- lie-in- o l we-1- six-tee- three-fourth- y r i -- ""