CHINA'S PERIL. Danger to Its Capital Daily Grows Greater. Cautions Advance of the Japs English Cabinet Discusses the Situation Peking Is Relnjc Oradually Surrounded by Hostile Troops. LosTdon, Oct. 9. A dispatch to the Times from Tien l'sin dated Saturday says that the Japanese are advancing' cautiously toward Moukdenand avoid ing1 any dashing enterprises. Their cruisers are closely watching1 the Chinese fleet in the gulf cf Pe Chi Li. The Japanese army advancing on Pekin is said to have many Koreans in its ranks. Tbe recent announcement that American officers had entered the Japanese army has been rectified. It now appears that Gen. Ruggles and neveral other American officers were readily permitted by the Japanese gov ernment to follow the campaign, but solely as spectators. Will Allow No Plundering. The Japanese government has in structed Field Marshal Yamaga to in form the diplomats at Seoul that he will not allow the Japanese army to plunder Pekin in case that city is taken. This assurance will probably induce the diplomats to stay in Pekin even should the emperor leave the capital. They will, at any rate, at tempt to negotiate a peace by asking1 Japan to be moderate in her demands. The emperor's palace in Pekin is now guarded by Mantchu troops only. A dispatch received at New Chwang, gulf of Liac Ton, says that the Chinese are in full retreat from Moukden. which is threatened by the advance of the Japanese troops from Corea and the Japanese force said to have been landed near Possiel bay. THE BOSTON PUBLIC LIBRARY. This magnificent structure has Just been completed at a cost of something like S2.50C.00a Though now second in size, it is still first in rank nmon; the libraries of America. It was es tnblihed In Ihoi. though projected in 1C4I. The library now comprises over too.ooo volumes. Over alnillion books are taken out every year for home circulation, and over 700.000 periodicals re rend in th3 reading rooms. The new library was borun in IHSi. The style of the new edifice Is the Koman. and the SL Genevieve, the gr at library of Paris, was taken as the type. The edince expresses in its exterior the organic character of the structure as formed by Its internal tomposltion and arrangement, as well as its purpose as a great library. The entire building has rooru for at least 2.U0O.0UO volumes not far from the Russian territory bor dering on Corea and the Chinese prov ince of Manchuria. Another report from Shanghai says it is believeda t the latter city that the Chinese forces which have been defend ing Moukden have been hastily summoned from that place in or ' der to oppose the projected Jap anese landing either in the gulf of Pe-Chi-Li or in the gulf of Lao Ton. The Chinese have been hurriedly add ing to the fortifications of New Chwang in anticipation of a Japanese attack upon that port or a landing in its neighborhood. Another I tat tie. London". Oct. 11. It is believed that a decisive battle has been fought be tween the Chinese and Japanese armies on the plains north of the Yalu river, about 50 miles south of Mouk den, one of the objective points of the Japanese invaders. When the last authentic advices were received the northern wing of the Japanese army had just crossed the Yalu and a battle was momentarily expected. Chee Foo Captured. At the same time news comes that the southern wing, operating on the western shore of the Yellow sea, had surrounded and captured Chee Foo, a large town on the bay of Pi Chi Li. In this successful attack the army was aided by the Japanese fleet, which had been cruising in Pi Chi Li bay for sev eral days. Chee Foo is a treaty port of China, on the Shan-Toong promontory. It has a population of over 30.000 and a good harbor. A third division ot the Japanese army is reported to have effected a landing on the shores of Leaotong gTiif, which is to the north of Chee Foo and between it and Moukden. Thus Pekin is being encircled with a net of armed men without, while re bellion against the Tartar emperor and bis dynasty rages within. If, as reported, the battle at the Yalu river resulted in favor of the Japanese, it is almost certain that Pekin will be captured within a week. Chinese Demoralised. Xondox, Oct. 10. A dispatch received here from Shanghai says that a second Japanese army is reported to have crossed the Yalu river and to be ad vancing upon Moukden, which, it is believed, will soon fall, as the Chinese are reported to be in s state of demor alization. Wt Ju Occupied by Japs. London, Oct. 12. A dispatch from Tokio says that a detachment of Japa nese cavalry and infantry has made an attack upon and routed a force of 2,000 Chinese at Wi Ju and that the place remains in the hands of the Japanese. It is reported to the Japa nese officers that 10,000 Chinese troops occupy the north bank of the Yaiu river, where they have completed eight batteries and are building more. Field Marshal Count Yagamata has established his base of operations at Ping Yang-, which is near the sea and easy of access to the supplies. It is generally hoped that the Japanese will be in possion of Moukden by the early part of November. Other important military operations are under way, but their objects are as yet kept secret. Early results, however, are expected. China has been formally notified of the surrender and dispatch to Nagas aki of the steamship Tenkyoroaru, to gether with her European and Chinese crew. A state of siege has been de clared in the district of Hiroshima un der article 14 of the Japanese constitution. THE DISPENSARY ACT. South Carolina Supreme Court Says It Is Constitutional. Columbia, S. C, Oct. 10. The dispen sary act of 1893 was declared to be con stitutional Monday by Justices Gray and Pope of the supreme court. Chief Justice Mclver dissenting. The case upon which the decision was rendered is known as the "'Aiken case," which originated in the town council of Aiken attempting to fine the local dispensers for selling liquor without license. The local dispenser applied to Circuit Judge Aldrich for an injunction restraining the town council of Aiken' from fining him. Judge Aldrich on a technicality grant ed the injunction against the town council of Aiken, bnt held that the act of 1S93 was null and void, as tbe su preme court of the state had already so declared an act passed in 1S93 al most identical in wording and identi cal in effect with the act of 1893. An appeal was taken to the supreme court from that ruling of Judge Aldrich. The question as presented to the su preme court involved principally two questions the decision of the lower court and the constitutionality of the act of 1893. Since the rendering of the decision declaring the act of 1S9J unconstitutional the complexion of the supreme court has been changed. Justice McGowan has been retired and Mr. Eugene B. Gary, formerly lieuten ant governor under Gov. Tillman, has taken his place. ! Justice Gary was known to be fa vorable to the dispensary law when he was elected to succeed Justice Mc- ' Gowan. Immediately upon his taking his seat on the bench Gov. Tillman re- : opened the dispensaries throughout the slate. lie had closed them im mediately upon the rendering of the i adverse decision on the act of 1892. i The acts of 1S92 and 1S93 are identical in purpose and effect and only differ . in title and minor provisions. ! Justice Gary writes the decision of the court in the Aiken case. The court ; decides that the former decision was not the proper one; that the dispen sary law is not unconstitutional, and ' that it is a proper exercise of the police ; power of the state in controlling1 the ! liquor traffic. FOES TO DRINK. Chicago Temperance Organizations Honor Father .Matthew's Memory. Chicago, Oct. 12. The birthday of Father Matthew, the originator of total abstinence societies, was cele brated here by a grand parade com posed of Catholic and Protestant temperance organiz p ions and Cath olic and public school children. After marching southward on Mich igan avenne to Eighteenth street the procession turned and marched north ward to the Auditorium, where it was reviewed by Gov. Altgeld. Mayor Hop kins, Bishop Watterson, of Ohio, Eev. Dr. llenson and others. In the even ing a large meeting1 was held at the Auditorium theater which' was ad dressed by Bishop Watterson, of Ohio, and others. - Army Rifle Kecord Broken. Chicago, Oct. 13. The largest score ever made by a United States cav alryman was recorded during the day in the army shoot at Fort Sheridan. Sergt. Charles Karsten. D Troop, First cavalry, performed the remarkable feat of making a score of 47 points out ot 50 on the 500-yard range. This is the largest score ever made in any army competition at that distance. Karsten shot with the regular army carbine. Whisky In a Ulaxe. Lebanon, Ky., Oct 13. The bonded warehouse of Biair & Ballard at Chi cago, in this county, burned Thursday. The house contained over 1,000 barrels of whisky, all of which burned. The loss will amount to over $00,000. TWO BIG HAULS. Masked Train Robbers Are Well Paid for Their Trouble. They Loot Kxpress Trains In California and Virginia of Sums Amounting to SSO.OOO in Each Instance, and Escape. Richmond, Va., Oct. 13. The north bound passenger train on the Rich mond, Fredericksburg & Potomac rail way which left here at 7 o'clock Fri day night was held up near Quantico. The engineer and fireman were forced from their engine and the engine was cut loose and sent ahead. The ex press car was then entered, the messenger covered with pistols and forced to open the safe. The runaway locomotive was stopped at Quantico by obstructing the track. It is stated here that there was an unusually large amount of mouey on the train, probably $50,000. The robbers, seven in number, were masked. The rail way company has offered 1,000 reward for the arrest of any of the robbers. The express messenger, B. F. Crutch field, and his helper. 11. Murray.barreci the doors of the express car, but these were blown open with dynamite. After the robbery the thieves made off ' with their booty in the direction of ' the Potomac river, where it is sup posed they had a boat in waiting to take them to the Maryland side. None of the robbers entered, the passeuger coaches. The operator at Brooks, C miles from Quantico, discovered that the engine was ""wild" as it passed his station, and telegraphed to Quantico, where a switch was thrown so that it was brought into collision with two loaded freight cars and wrecked. Had the locomotive been permitted to pass Quantico it would have collided with the south-bound passenger train. San Francisco, Oct. 13. The bandits who held up a Southern Pacific over land train a few .miles west of Sacra mento late Thursday night and looted the Wells-Fargo company express car secured over $50,000. They seem to have eluded the officers and escaped with their plunder, Which was nearly all in gold coiu, and consequently a heavy burden. The astounding suc cess of the hold up was not known un til Friday afternoon. Earlier reports of the robbery gave the amount of money taken at $1,500. The truth came out, however, when the Southern Pacific issued a circular offering a reward of $10,000 for the ar rest of the two robbers and the recov ery of the plunder. In this circular, it is said, the bandits plundered the express car of over $00,000 'n gold. The circular announces the Southern Pacific company and the Wells-Fargo company will pay 2,500 for the cap ture of each robber and $5,000 for the recovery of the money, or a proportion eat amount of any part of the whole. The robbery was a daring one. Four sacks of coin were secured from the express car, and Messenger Paige barely escaped with his life. Three hundred pounds of coin were taken. Engineer Bill Scott, of the Oregon Overland, and his fireman were forced at the muzzle of a revolver to carry coin sacks from the express car to the engine. There the robbers uncoupled the engine and rode off with their booty. WORK OF LIFE SAVERS. Their Kecord During the Lata Storms Highly Creditable. Washington. Oct. 13. The record made by the life-saving service during the recent storm is most creditable, there having been not a single loss of life where the wrecks took place with in the range of life-saving stations. The following is a list of the wrecks and the number of persons saved from each by the life-savers as far as re ported: Norwegian bark Ogir. wrecked near Cape Fear. N. C. crew of eleven all saved. Schooner Lorana Keed. wrecked near Ocean City. X. J., crow of three all saved. Schooner Maria Louisa, wrecked at Highland-, N. J., crew of tea all saved. Schooner Leoncssa. wrecked near Narragan sett pier, crew of Ave all saved. Two scows wrecked near N&rragan&ett pier, crew of five saved. Schooner Lauraooy. wrecked near Cape Kliza bcth. We., crew of six saved. Schooner Rosa and Adria, wrecked near Cape Elizabeth. Me., crew of six saved. Steamer Columbia, perilous position near Fairport, O., crew of seven taken oft in life boat at 10 o'clock at night. Schooner John Wesley, waterlogged off Sagi naw bay, crew of seven saved. Three schooners, names unknown, off Jerry's point, vessels and crew of eighteen saved Total wrecks reported. 13; lives saved. 78; lives lost, none. Nearly all the rescues were effected at night. READY TO QUIT. China Said to Have Begun Peace Nego tiations with Japan. Shanghai, Oct 13. A rumor is cur rent here that the Chinese government has commenced negotiations with Japan for peace. China, it is said, has offered to acknowledge the indepen dence of Corea and to pay a war in demnity to Japan. St. I'ktkusdui'.g, Oct. 13. It is semi officially annoiiMeed here that Great Britain is doing its best to induce the powers to join in an attempt to secure a cessation of the war between China and Japan. It is considered certain that Russia will not permit Japan to permanently occupy Corea. In this Russia is sustained by Great Britain, and the other powers are not suffi ciently interested to do otherwise than acquiesce. Will Meet Next In Detroit. Milwaukee, Oct. 13. The Amalga mated Association ot Street Railway Employes of America has adjourned its third annual session. The next meet ing will be held in Detroit. Mich., which city will be headquarters dur ing" the next year. President W. D. Mahon was reelected, and W. G. Moore, of Detroit, was elected secretary-treasurer. Striking Spinners Accept a Cut. Fall Rivek, Mass., Oct. 13. The striking spinners at a meeting voted to accept a reduction of 10 per cent, and return to work Monday. STATE OF TRADE. The Situation as Leading- Commercial Agencies Find It. New York, Oct. IS. R. G. Dun & Ca's weekly review of trade says: "Business Is still waiting for the develop ment of retail trade. There Is a little better demand In some industries, but not so good In others. Wholesale dealers in nearly all branches are halting because business does not yet show distinctly what It is to be. Lower prices for the great farm staples and lower wages in some establishments, hinder purchases for consumption, while polit ical interest and uncertainty also have some retarding influence. Meanwhile large Imports and small exports of merchan dise, with Inadequate employment for money here, are raising the rates of foreign exchange so that possibilities of gold exports somewhat affect the stock market. The halt ing attitude for the moment is disturbing to those who have looked for continued gain, though rightly considered it is the natural con sequence of conditions which were to be ex pected at this season. "The government crop reports are not great ly trusted and yet have an influence and actu ally exaggerate the tendency toward lower prices because they are supposed to report all tbe crops too low. Men calmly reckon that if the government report indicates over 400.U00.00O bushels of wheat the crop must be over 500,000,000 bushels and the price is slightly lower. Corn has been strongsr, for receipts ore hardly a quarter and exports barely an eighth of lust year, and the question is whether the actual yield, if above the government estimate, may not prove lower than has been supposed. "The iron Industry records larger produc tion in September than in any other month this year, but as prices are gradually weak ening because of insufficient demand for Un lshed products, some works are preparing to close or shorten time. "The woolen mills still have numerous be lated orders for fall goods, but the demand for spring does not Increase, though in nearly all the lower priced products domestic makers ap pear able to command most of the business that exists. "Failures for the week ending October 4 show liabilities of 11,714.276. of which J805.885 are of manufacturing nnd (M2.3&1 of trading concerns. There have been 231 in the United States, against 303 lust year, and 43 in Canada, against 42 last year." Bradstreet's says: "An accentuation of favorable features Is re vealed in the telegraphic reports this week. While advices as to the most marked improve ment come from the west and south, there are some encouraging features also reported from the east, and the net result of the week's busi ness has been further progress in the direction of enlarged distribution. In New Kngland. although demand is classed as only moderate and a conservative trade is doing the industrial situation improves, owing to the ending of the great cotton mill strike. Iron production is very large, and this has impaired values and manufactured product quite notice ably. Cooler weather has improved the dis tribution in seasonable lines at a number of western and northwestern points. "At Chicago business in staple lines is large, though a slackening from previous weeks is noticed. Weakness in iron is causing concern at St. Louis. Plates are active and orders are being placed abroad for black plates, owing to tbe shut-down of American works. Export trade is active at San Francisco. A number of prominent southern points report increased ac tivity. Cotton receipts are large, but the price tends downward. First of new crop sugars at New Orleans sold at the lowest price paid for many years. Southern lumber men anticipate higher prices. Notable price changes of this week have been the decline ot 1-5 cent in cotton and raw sugar. 25 cents in pork and 50 cents a ton in steel billets. Sales have not materially changed for the week. PARLIAMENT OF LABOR. Something About a Coming Important Event. Chicago, Oct, 13. The parliament of labor which has been called by the Civic federation to meet in Chicago November 13 promises to be a most notable gathering. Replies to the cir cular letter of invitation have been re ceived from a great many men of prom inence as thinkers on economic sub jects, or as employers or leaders of la bor. There is a striking consensus of opinion in favor of making the confer ence as practical as possible. The sug gestion comes from all sides that the employers of labor and the represen tatives of labor, as the ones best know ing the actual conditions to be met, should be brought to the front in such a discussion. The plan of the parliament is mod eled on that of tbe parliament of re ligion, so successful last year. There is to be nothing in the nature of con troversy. Each speaker is to present his own views, not to antagonize or controvert those of others. There is to be the utmost catholicity of tolerance and every speaker is expected .to respect this tolerance. Differences of opinion are not to be allowed to appear ' as hos tilities of thought. Into this parliament is to be poured the re sult of the thought and investigation of the individual thinkers and investi gators of the country. It wii form, as it were, a comparative exhibit of all that has been accomplished along the lines of the prevention and settle ment of labor troubles and labor dis turbances. It will be a collation of the work of many men striving for the same end by different means. From this aggregate it is hoped by the Civic federation, and particularly by its committee on labor and arbitra tion, that some practical plan may be formulated by which labor troubles may be averted, or at least settled, and the great inconvenience to the public as well as loss to both workingmen and employers be avoided. This is not, however, expected to be accomplished by the parliament. This is to be the forum for the presentation of thoughts and views on the subject. Among others who are expected to discuss various topics are the follow ing: Prof. E- A. R. Gould, of Johns Hopkins uni versity; A. H. Walcott. of the Massachusetts board of arbitration; D. J. Ryan, of the Ohio board of arbitration: Carroll I). Wright. United States commissioner of labor; Mrs. Josephine Shaw Lowell, of New York: Archbishop Ire land, Felix Adler, Washington Gladden. Gov. Peck. Aldace P. Walker, Marvin Hughitt, P. M- Arthur, F. P. Sargent, Congressmen Springer. McGann and Tawney, Chances M. Depew, T. V. Powderly and Samuel Gompera. Sugar Men Ileaten. Washington, Oct. 13. Judge Mc Comas, of the district supreme court, has denied the applicaiion of the Miles Sugar Manufacturing com pany of Louisiana for a mandamus to compel Secretary Carlisle to appoint inspectors to ascertain the Eugar production of the company. The object of the suit, it is understood, was to test the legality of the recent repeal of the sugar bounty provision of the McKinley law and also to lay the foundation for an appeal to congress for payment of bounty for the current year. CONSUMERS BENEFITED. The New Wool Tariff Alone Makes an An j nasi Net Difference of 8113,000,000. If the benefits of taking the duties off wool are as great as the advocates of free raw materials, with moderate duties on manufactured goods, expect them to be, we shall not have to wait long for free coal and free iron ore. We think it well to .all attention to the actual prospective results of the change in the duties on wool and woolen goods. During the year end ing1 June 30, 1893. which is the latest period for which the full statistics , have been completed, the total value I of raw wool imported into the United State was $18,416,884.92, on which were collected duties to the amount of S3, 159,453. 49. The duties w'-ich have been abolished varied from 10 cents per pound to SO cents per pound, and there were no less than fourteen different rates applying to the various grades of raw wool. As a consequence of making the imported wool absolutely free to the manufac turers and relieving them of the pay ment of over SS.000.000 per year, the duties on manufactured goods have been somewhat reduced, and we pre sent herewith a statement prepared by Deputy Appraiser Schoenhof, of New York, which will enable our readers to understand what reduction may be looked for in the cost to the people of the principal articles of wearing ap parel, carpets, etc., while duties aver aging 45 percent, protect the American manufacturer against any danger from injury by reason of lower-wag-es paid to the operatives in European coun tries: ie-oi Imports of manufactures of wool.... f.'t.993.0r0 Duties 30.44i.ooJ Import value, duty paid...... 72,441 ,00J lhh'J-SiO. Tpnsus year, domestic manufactures: Woolen goods il33 5r.Oi0 Worsted goods. 7w.H4.u00 Hosiery and knit goods 867,241,000 Leduct cotton hosiery 17.OJO.000 50.141. 000 Carpets 47.770.0uO 810.782,000 Value of domestic manufactures 884.223.000 Add 33 S per cent, to cover whole sale and retail prollts 128.074.000 Cost of wool manufactures to con sumers 512.SO7.O0O Cost of wool manufactures under senate bill on same amounts: Importations i3o.903.000 Duty. 45 per cent 10 6tS.O0J 53.C5S.0J0 Value of domestic manu factures S310.0O0.0M0, re duced from an average of 100 per cent, duty to 45 per cent.rate as a re sult of free wool 224.525,000 278.183.000 Add S3S per cent, as prof its 9S.728.000 370,911.000 Amount saved to consumers on the woolen schedule only under ten ate bill S141.3H5.000 If these figures are accurate, and they are the most trustworthy that can be obtained, here is a proposed and possible saving of S2 for every man, woman and child in these United States. According to this calculation the account with the people is as fol lows: Reduction of duties on raw wool.. SS.159,453 49 Reduction of duties on woolen manufactures 13.7S3.O0O 00 Total loss of revenue $27,942,453 49 Reduction in price of goods to consumers $1 il .:'.r,.ono 00 Net savings to consumers 11:;. 14 i.i4o 51 Hartford Times. A DEMOCRATIC ALLY. McKinley Sounds the Keynote of Dfmo. cratlc Success. "What we want, democrats or re publicans, is plenty of work and wages." These were the words of (lov. McKinley at Indianapolis, and the little Napoleon must be credited with having in these few words made a better democratic speech than any other man of national repute has yet offered to the listening people of the country. The common verdict will be that even the eloquent ana logical ef fort of Senator Voorhees, which briefly preceded that of the Ohio governor, was a weaker appeal for the principles of democracy thanwas that embodied in the single sentence above quoted. It is the concise statement of a great and impressive truth. When the republican party found its way back to power in there was plenty of work and wages were good. There was an abundance of money in the United States treasury; business was flourishing and general prosperi ty pervaded the affairs of the country. But immediately afterwanl the Mc Kinley bill became a law and the in evitable results of its practical opera tions manifested themselves in a ret rograde movement all along the line. Business was prostrated and the de pressing effect extended , to every branch of industry. The contents of the treasury were dissipated in extrav agance, and popular indignation showed itself by restoring democracy to power in 1S92. As the direct "result of this move ment the iniquitous McKinley laws were repealed, despite the power of centralized wealth to uphold them, and at once the revival of all our ma terial interests set in. Idle factories, mills and furnaces started up. Busi ness is revived. The evils springing from pernicious legislation have been largely overcome. The conditions which afford "plenty of work and wages'" are restored. They were brought about despite the most stren uous efforts of republican statesman ship; a fact that no one understands better than does Gov. McKinley him self. Detroit Free Press. Every pretcctive measure direct ly invites to speculation before it be comes a law, while it is pending in congress. Witness the recent specula tion in sugar and whisky. It encour ages speculation after it becomes a law. It puts certain indus tries on a false and artificial basis. It first puts up prices and then stimulates to excessive and unbalanced produc tion, which necessarily ends in col lapse of prices and panic. Chicago Llerald. McKinley professes to create wealth by interfering with the owner ship of labor's fruits by taking from one man and giving to another. St. Louis Republic RETURNING PROSPERITY. Improvement tn Uusiness Since the Pas sage of tho New Tariff Bill. Special reports from the most impor tant industrial and trade centers of nine great states west of the Alle ghanies all concur substantially in saying that there has been a decided improvement in business since the tariff bill assumed its final shape and became assured. In some localities the drought has affected trade rather seriously, but the people know that the democrats are not to blame for that, whatever re publican stumpers may say. From most points the reports are decidedly favorable, from others they are only moderately so, while from some they are positively rosy. About the only case of blues is reported from South Bend, Ind. Even there the worst that can be said is that industrial inactiv ity is anticipated after a busy summer. The story is told in one sentence: "While nearly all of the larger fac tories have had big forces at work all summer, it is understood that in sever al instances these forces are not as large now and the prospect is that they will be smaller by the beginning or middle of winter." This is the very worst reported from any point by correspondents who were specially cautioned to state facts with out bias or coloring. From some points of great importance, St. Louis for in stance, the reports are that business has not been better at this season for years. Taken all together, the re ports show, to state it very moderate ly, that from Pennsylvania to Colorado and from the Ohio river to Canada business has already improved, the volume of trade is larger, and indus trial establishments are doing much more than they were from four to six months ago. There was no such im provement in so short a time after the panic of 1S73, when there was no tariff reform and the republicans had things all their own way. And the clearing house returns con firm for the whole country the reports of correspondents for this great cen tral group of states. Outside of New York the clearings were greater in both August and September than they were in the same months last year, av eraging about sixteen per cent, greater for the two months. They were less than in 1891 and 1S92, it is true, though not so very much less than in 1891. But those were the boom years pre ceding the panic, when speculation ran high, credits were greatly ex panded and clearings were consequent ly large beyond precedent. The vol ume of business as indicated by the clearings is already up to the average for some years before the speculative boom. In the above statement the New York clearings are not considered. There there is still a much smaller volume apparently than there was a j'ear ago. But that is due in part to a smaller volume of stock transactions, and in part to the fact that the clearings of these transactions are now made through the stock exchange clearing bouse and do not appear in the regular bank clearings. 1 here is reason to believe that the volume of strict-mercantile business is increasing in New York, as it is in most other cities. There is no room at all for doubt that the country is once more on the upgrade and making rapid advance on the road to prosperity. No such, early and rapid recovery from panie depression has occurred since 1S57 and lKoS, when the country was nearer to free trade than at any time since the first decade of the century. Chicago Llerald. COMMENTS OF THE PRESS. The trouble with McKinley is that he doesn't realize that lie is run ning several years behind his emer gency. N. Y. World. Western workingmen are being1 informed by Gov. McKinley that as long as the McKinley law, so-called, was in effect they always had some thing in their dinner buckets. So they did it was the bottom and was readily found. Chicago Times. It will be borne in mind that the big boom in Argentine wool, owing to our new tariff laws, means a cor responding increase in the demand for American wool, as we do not produce the quality of wool sent us from that country and import it chiefly for mix ture with native wools Detroit Free l'ress. Gov. McKinley is making anoth er blunder. The pecple like leaders of positiveness and conviction. He should be one thing or another as to the silver question. He has been on all sides of it, as the popular wind seemed to blow. To go no further back than last summer, be was then mak ing speeches denouncing the president for not calling congress together soon er for the purpose of repealing' the Sherman law, the same law for repeal ing' whi.h he is now denouncing con gress. Louisville Courier-Journal. Gov. McKinley need expect no sympathy from the "western laborers" whom he piteotisty represents as "robbed of employment" by the dem ocratic party. The western laborer is very largely the farmer, and if the farmer has any less employment or worse prospects, on the whole, than in 1892 it will remain for Mr. McKinley to point them out. And in addition to these things tho farmer is now prepar ing to enjoy the cheap and "nasty" clothing and other necessities of iifo which McKinley affects to despise so much. Kansas City Times. There are the usual shrieks from the McKinley organs concerning the banquet of the London chamber of commerce, where Chairman Wilson was the guest of honor. The fact that the guest warned bis hosts that the American people were lowering the tariff wall about our country not so much to let foreign trade in, as to let their own trade out and to get access to the markets of the world, is some thing that the McKinley brethren en tirely ignore. That an American statesman should be applauded by Eng lish merchants is enough for them. That is the sum of all wickedness and disloyalty. Boston llerald.