Show S SI wI w- w I I I Financial 1 and andi Com me 11 vr cia f 1 BY Y THOMAS S I C. C SHOTWELL New York orle April IS Pour Four Important facts stand up Apri with wih monumental distinctness di- di dis- dis us its the tho financial world enters enter upon a now new week The steel trust ap ap- ap- ap has hns no fear of ot tariff t reform oven though absolute free tree trade b be en e established in some departments Wheat han hangs around hl high h prices although although al although al- al though the thc Chicago o operators seem sincere sincere sin sincere sin sin- cere In their denials of ot attempting t trun to torun identified wit with run a corner Interests wih time the 0 coal carrying railroads express confidence UI that tho tito Supreme court will wll wil wilnot not destroy on any values alues b by tho the decision on tho commodity clause Harriman and Vanderbilt Interests are aro planning tho the greatest deal In railroading that tha has over astonished astonIsh cd Wall al str street et o er Each of these facts has Us its on tho the market marlet and anti the they are aro not a as AR conflicting as would seem at fIrst firs glance Much uch to woul tho the surprise of ot those patriots who hu have believed bole cd that tho time silver question was forever Core burled buried beyond beyond be be- yond sl er ond hope of ot resurrection It I has become become become be be- come a n vital Issue Nobody is going lal double to start an any agitation about standards of ot money mane but the steel mis trust directors ma may startle the tho ho world b by establishing a plant In China Chino and from fron there laugh at nt the tariff reformers rs Just a hint at this timis is contained in tho the April number of the time North American Apri Re le Review which Is controlled b by J. J P P. Morgan In the tho Chinese province of ot Morgn ShansI there are beds of ot coal coni and Iron oro ore In close proximity and unorganized labor swarms in the neighborhood Another Another Another An An- other hint to tariff reformers Is contained contained con con- tamed in the time rumor put out a fe few tC days as a's igo that Morgans Morgan's International Harvester liar Har Hal Hal- ester vester company compan would probably build i big factory In Russia I In I I I Il It must bo be remembered that the trust Idea I has ham ha destroyed patriotism In busi busi- ness The stool trust has Its factories In the United States only onh because It I pays poS po'S to have havo them hero The Tho minute It becomes cheaper for tor tho the trust to do doIs its manufacturing In China the worldwIde worldwide worldwide world world- Is wide ownership trust will wIl demand Iemand that It be done there Morton Frewen publishes publishes pub pub- lishes figures for tor those who care to study tile tho silver siver question Queston In detail but the std general fact is that of ot silver sJ cr has changed the exchange rato between China and America to such an extent that whereas a Chinaman I formerly bought a ton pound bill bi on London with wih 31 silver ho must now give 77 for the tho same bi bill But tho the price of ot labor In China re remains remains remains re- re I mains the time same so that the purchasing power of or gold goM has Immensely increased ed Increased production of ot gold and sliver silver silverIs sl cr Is Increasing Increasing this disparity of value between the tho metals Orientals can cn not afford aCCord to bu buy of oC the gold Jold using nations as the they formerly did and they have ha e been compelled to manufacture for tor themselves They The export moro more and Im Import Import mm- mm port less Cotton Coton gins and steel mills aro are multiplying in the Orient to such an extent as to threaten the manufacturing turing supremacy of or the tile using gold gol nations All Al that prevents establishment of ot steel mis miLls in China Cimina b by tho the trust Is the tariff Time The Chinese can enn not afford afford af at- af- af ford tord to put up these mills mis because because the they would have ha e to pay for tor them in gold goldat gold goldat at an nn exaggerated value from th their lr standpoint anti and could not find a n market market market mar mar- ket in the United States because of ot the wall But with the tho tariff wall down the trust itself tseI would build bund the mills mils employ labor at absurdly low wages and ship the product to the United States That is why the steel teel trust does not care what Is done dono with wih the tariff th the Oriental Oriental aro are gradually being Ind Independent pend nt ot Eur and American manufacturers the they are are Increasing their exports and tho the open door of ot trade seems to open outward only But the they are arc learning to eat wheat at tho same time Wheat lent mind and All history proves a connection between between between be be- tween l the eatn eating of ot wheat and business business busi busi- ness nets enterprise This Timia movement has hns not gone far enough to become critical but gone it already plays a large lane part In Inthe Inthe inthe the grain market market- Published statistics of ot the exact number of oC bushels of ot wheat that happen to be In imi particular spots on a certain day blind tho the geni gen gen- en- en i oral erl public 0 to the underlying fact that tho the wheat eating wheat population of the world Is la increasing at the rate of or about O a year which means an In Increased Increased In- In creased d consumption of ot about bushels a n year These figures come from an official of tho Canadian Pacific Railroad company who has made a detailed detailed de de- de- de tailed investigation because of ot the Invest aton large largo land holdings of ot that company compan Attempts to corner wheat must be bo comb tet but It Is Just as a well to have the tho facts In mind and and the facts are that if U the farmers do not raise a record crop this ye year r wheat heat will wil go very much ranch higher The present price of oC wheat wheat Is due as much to the tIme withholding withholding with with- holding of ot shipment by hy tho the farmers an as anto asto to the speculation in Chicago o. o Tho The farmers know fully tuly as much about how to get a high price for tor wheat as do dothe O Othe the tile Chicago operators The campaigns of ot th time th Society of Equity have not been in vain The farmer former has ceased to be bean bean bean an object of ot pi pity since the free Cree rural del delivery very of ot put him In dally aly touch with conditions he ho has always been able to understand Just as S cleal clearly as the city folks |