The McCook tribune. (McCook, Neb.) 1886-1936, July 09, 1897, Image 6
Bfl j | SUPPLEMEST TO THE ff. M'COOK TEIBUNS. - • R _ - - i B Friday , July 9. I [ Continued from preceding page.j BUSINESS IMPROVING. FRESH EVIDENCE FROM EVERY PART OF THE COUNTRY. j Democratic and Republican Journals Vic -with Each Other in Assurances of Returning Business Prosperity -Reports from All Directions * History May Repeat , Twenty years ago , in 1877 , the country was enshrouded in the gloom of a busl- aess depression , consequent upon the panic - I § ic of 1S73. There were plenty of prophets I who predicted that the times would never I set any better , and the mass of the peo- j I pie were discouraged and about ready to 1 concede that , the prophets of evil were 1 sight I But in the fall of 1877 signs of improve- 1 cnent began to appear. The general the- I ory was that a more hopeful feeling was I induced by the approach of the date for 1 the resumption act to go into effect. 1 There was no doubt something in this 1 theory ; nevertheless plenty of "states- men" were found who asserted that re sumption would be a failure , and that "business would be injured rather than helped by the attempt to resume. But in spite of all the talk , the times continued to improve steadily. They • were much better in 187S , and in 1879 the rising tide assumed the proportions of something like a boom. Some of our Min neapolis people who carried real estate "through the period of depression , and nearly broke their backs doing so , will remember that by 1880 it was salable at advanced and advancing Ggures. In the next few years the prices of realty here , and elsewhere in the country reached the highest prices ever known before or since. The history of this country appears toE l show that panics and recoveries run in 1 about twenty-year periods. There was 1 the panic of 1S73 , followed by five years I gf depression ; the beginning of recovery S in 1S77 ; the full tide of recovery in 1879 , H followed by a period of prosperity lasting I until 1S92. Then came the panic of 1S93 , I followed by the period of depression 1 which we are now experiencing. To 1 some there are as yet no signs of improve- I ment discernible , while to others there is E I already a faint glimmer of dawn. Many i are looking forward to the passage of the I tariff bill as the starting point of a new I period of prosperity. But whether from that or some other cause or causes , it is I < iuite probable that history will repeat it self , and that in the fall of the present year , or the beginning of 1S9S , we shall witness a notable improvement , followed ly perhaps ten or a dozen years of great prosperity. = ? * The cycle is nearly completed. We J jaYe experienced nearly five years of de- M • * pression since the election of Cleveland in $5 ? f iiral order of things. Exchange , branches of bu& nt ffigjgj L.\jgfi\ agement. In amount of. deTaH ted li g pb ties the month was the smallest since September , 1895 , in manufacturing lia bilities the smallest since November , 1893 , and in trading liabilities the smallest since September ( excepting the last month ) 1S94. Failures of general stores liave not been as small in any month as an May. 1S97 ; in only two months out of thirty-six have there been smaller failures In books and hats ; only five in groceries ; and not one trading class in that month has reported failures Jarger than the lalf during preceding months , though in furniture failures are rather numerous. In clothing manufacture the month wa3 tie smallest except four out of thirty-six , except five in chemicals , six in woolen goods , seven in machinery , lumber and I miscellaneous manufactures , and exceed ed the average only in iron and cotton goods and earthenware , owing to a few failures of exceptional size. Nobody can | mistake the meaning of such returns. The statement that , except for the tem porary depression in prices , the volume of business transacted is now larger than it was in 1S92 the year of greatest pros perity has been questioned by some. But a. comparison of prices this week in the leading branches of manufacture not • only confirms that view , but shows a remarkable similarity to the course of prices in the earlier months of 1S79 , when the most wonderful advance in production and prices ever known in this or any . Dun's other country was close at hand. Review. Distinguished Business Men Fpealf. The New York Mail and Express last week published interviews with three men in business and finance just as 1 I prominent -they were about to sail for Europe , with the following result : George J. Gould said : "Everything is on the up grade and , # so far as I can see , the signals are set for a clear track ahead. The improve ment , whether it be in Wall street or else I where , is coming slowly , it is true , but it is better that it should move along slowly , JvH-nnse it will be more lasting1 and satis- factory to all concerned. " Andrew Car negie said : "I believe business in this • country is actually beginning to perma nently improve. The outlook is excellent and I expect to see very busy times when I return. " Chauncey M. Depew said : • "What shall I tell them ( foreigners ) of the outlook ? Well , I shall tell them that it seems to me we have crossed the Rubicon that ahead of us now are good times business activity , general prosperity. " Rifts in the Clouds. I Secretary Gage , who recently talked with the members of the Commercial • Clubs in session at Cincinnati , all of whom were representatives of the great Business interests of Boston , Chicago , • Cincinnati and St. Louis , made the reas f suring statement in Washington that they reported a better business feeling than tad been noted for some time , which they regarded as a forerunner of a permanent improvement. It is worthy of note that business • they reflect the common judgment of ness firms whose transactions are so wide- * pread that they are fairly symptomatic • of the pulse of general trade. Nor on a • view of the whole field is it unreasonable to think that there may be a lifting up ? i" fri * - uS-sSrf " " " ? * j 1 * -fL , of tht- clouds even in advance of the "proper legislation" which the Secretary looks for. The passage of the pending tariff hill , whatever may be its conditions , will give the country a truce on that head ; the promise of the grain fields is most cheering ; and though the currency ques tion awaits solution , it is far less com plicated with the menace of free silver than it was six months ago. Philadelphia Record ( Dein. ) . . j Views of n Veteran. Among those who have spoken in this vein is Russell Sage , a veteran financier , who is cautious in statement and not prone to rush into print for the exploita tion of his views on current matters. "I think , " he said , "that we are going to have steady progress toward far better times. I do not look for any boom , but a gradual improvement from now on. The railroads are getting more traffic , and they are working more harmoniously. The settlement of the tariff question will be a great relief to the business community. After the rates of duty have been agreed upon and a bill passed we can settle down with the assurance that we shall not be again disturbed by tariff measures for at least twenty-four years. The properties in which I am interested are doing well. Yes , I think there is every reason to be lieve that we have long ago passed the turning point. " This sentiment is widespread , and though there may 'be some unscrupulous politicians who would block tariff legisla tion until after the fall election in the hope that thereby the opponents of the Republican party would be able to gam some political capital and advantage , it is possible that better counsels will prevail and the bill will be passed sooner than was expected. Albany Journal. Most Encourasrinsr for Tears. 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 bad dwindled to a mere noth ing and that the prospects of a speedy en actment of the tariff bill were daily grow ing brighter. This induced a buoyant tone in the prices of all. Minneapolis Tribune ( Rep. ) . Good Prophets in the Northwest. In Minnesota and other States of the Northwest the spring opens with the promise of abundant crops , especially of onr leading staple , wheat. And in spite of the low prices now prevailing there is every ground , as shown elsewhere , for believing that our farmers will realize fairly good prices for their crops. This will almost certainly stimulate the ac tivity of trade and industry in the cities , so that by next fall , with the aid of 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. Paul Pioneer Press. Freed from the Slough of Despond. * * Qsfprring separately , the increase in [ yl'tjKruid ' the decrease in . failures would ( vhich the coudfrT > < 6ming coincidental- The expansion in the ofe saa\u 0Uixrr at aess is on the increase , while he co\s , : traction in the other proves that business it7 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 despond spend , but it has advanced so far in that direction that its complete extrication can not be long delayed St. Louis Globe- Democrat. The Campaiscn of Calamity. To read the daily wailings of the organs of free silver and free trade will con vince any fair-minded person that those noisy journals have started in to fight the calamity campaign of 1896 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 anarchist. Professing friendship for the cause of labor , they are wickedly striving to arouse tbe workingman - 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 in dustry are steadily going from bad to worse , and that the condition of labor is becoming more and more desperate. To these prophets of evil the report that a factory has closed its doors , that a fur nace has banked its fires , or that a mill has curtailed its working force is a mes sage 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 tells of paralysis in trade , loss in capi tal and earnings or despair among those who toil is eagerly welcomed ana osten tatiously displayed as a fulfillment of gloomy prophecies. Back of this eager quest for evil tid ings is a stealthful purpose to provoke antagonisms between labor and capital , and thus undermine the foundation of the rising structure of business pros perity. Good times mean death to the agitation for free trade and free silver. The calamity organs know it , and this knowledge is the inspiration of their desperate attempt to postpone the day of returning confidence and prosperous business. The intelligent masses of American wage-earners fully understand the situ ation. Their condition is far from what it ought to be in employment and pay , but on the other hand it is much less distressing than the mouthy oracles of chaos would have it appear. The conduct of the great body of workingmen under the harsh conditions whicb now prevail has been admirable in its patience , hope fulness and self-restraint. The attempt of demagogues and charlatans to incite disorder and strife in the ranks of labor will receive its sharpest rebuke from the 1 workingmen themselve * ' , , . . . " " n ' . , ' " * . " * ' ' " Ij I - ii ' i'j ' r : ; LlrN''u" ? frTa''MT"r ! OUftTARllTfllSTOBY. NO PRESIDENT SO PROMPT AS ' M'KINLEY. . . , ' ' His Tariff Law Will Be on the Stntute Books Earlier than That of Any President Since Washington Facts Which Should Silence Croakers. Good Progress Mnde. Special Washington correspondence : People who are complaining of what they assume to be the slow progress of the tariff bill will probably be surprised to know that no administration since that of Washington ever placed upon the stat ute books a tariff measure within as brief a period of its inauguration as will that of President McKinley. There is every reason to suppose that the tariff bill will go upon the statute books before the end of July , probably much sooner than that. If this shall happen , President McKinley will have an opportunity to attach his signature to a general tariff measure ear lier in the history of his administration than has any President since George Washington signed the first tariff act on July 4 , 1789. This remarkable record whicb is likely to be made with reference to the present tariff bill is made more remarkable by two facts : First , that every yenr's devel opment of 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 of Congress. It has seldom hap pened in the history of the country that a general tariff measure has been placed upon the statute books when Congress and the administration were not controll ed in all their branches by a single party , and that it should be possible to pass a tariff measure so immediately following such a hotly contested campaign as that of six months ago with one brnnch of Congress controlled by those who were pitted against the Republican party in that contest , is the more remarkable. In deed , a study of the history of the tariff legislation in the United States would not have warranted a year ago the pre diction that a protective tariff bill could have passed a Congress which was not controlled in both its branches by the Re publican party. It may be of interest , both by way of presentation of some tariff history and also of satisfying those who are inclined to criticise what they assume to be the slow progress of the work upon the tariff bill , to run briefly over the history of the tariff legislation of the country from the beginning down as connected with the various administrations. The first tariff act placed upon the stat ute books was signed by George Wash ington , July 4 , 17S9. 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 of government , for the discharge of the debts of the United States and the encouragement and pro tection of manufactures that duties be laid on goods , wares , merchandise import ed , " etc. The consideration of this act occupied but about two months' time , as Washington was not inaugurated until April 30 , and the work upon the tariff bill did not begin , of course , until after that time. This tariff act was of course very brief , the space occupied being prob ably less than one-twentieth of the bill now under consideration. Several other tariff measures were adopted during Washington's administration , most of ti gSgbeing an increase upon the rates [ • ( ktiiefir Lmeasure. jj hgnj fc.V JPe President asses , wines , etc. , unrn sral S > ver three years after bis inauguiu' ' l. * P Jefferson , who was inaugurated March 1 , 1801 , did not attach his signature to a jeneral tariff bill until March 26 , 1804 , the bill passed at that time having for its abject an increase in the revenues to sup ply funds for the war with the Barbary powers. This act increased the ad va lorem rates , and on the following day , a similar act increasing the specific rates was signed , both of them being more than three years after Jefferson's inaugura tion. tion.Madison Madison was inaugurated March 4 , 1809 , and the first important tariff , to 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 eral tariff act April 27 , 1816 , three years after his second inauguration. Monroe was inaugurated March 4.1817. and signed his first and only general tariff ! act May 22 , 1S24 , more than seven years after his first inauguration. John Quincy Adams was inaugurated March 4.1825. and signed a general tariff act May 19 , 1S28 , more than three years after his inauguration. Jackson was inaugurated March 4. 1828 , and signed his first general tariff act.July 14 , 1S32 , more than three years after his inauguration , while the Clay compromise reduction act was signed March 2 , 1833. Van Buren's presidential term , which began Ma ' rch 4 , 1S37 , was not marked by the enactment of any important tariff legislation. William Henry Harrison , who was in augurated March 4 , 1S41. issued on March 17 a call for a special session of Congress to begin May 31 , indicating by the proclamation that the subjects to be considered were the financial difficulties of the Government. The tariff act finally passed by the Congress which that proc lamation called into special session did not become a law until August 30 , 1S42 , or fifteen months after the date named for the beginning of the special session. Polk's term of service began March 4 , 1S45 , and the "Walker tariff , " which was the special tariff feature of his term , did not become a law until July 30 , 1846 , six teen months after bis inauguration as President. The Taylor administration , which began March 5 , 1849 , did not witness the enact ment of any general tariff legislation , ow ing to the fact that the Democrats con trolled the House of Representatives during - j ing the first two years of the term and \ both branches of Congress in the second half of the term. Pierce , who was inaugurated March 4 , 1S53 , signed on March 3 , 1S57 , the last day of his term as President , the only general tariff measure enacted during his four years in the White House. Buchanan , during his four years , which began March 4 , 1857 , . signed no general tariff legislation untiLMnreh 2 , 1861 , two days 'before the close of'His term. This act , signed two days before his retirement , was the "Morrill" tariff act , a thoroughly protective measure , whose passage was made possible at that time because of the fact that a large number of the Southern Democratic members of the Thirty-sixth Congress had withdrawn , leaving Con gress in the control of the Republican party , which thus placed a tariff act upou the statute books two days before the in auguration of Lincoln. President Lincoln , who was inaugurat ed March 4 , 1801 , signed his first general tariff act on Aug. 5 of that year , and this was followed by the passage in July , 1862 , nnd June 3,1864 , of other tariff measures , to which , his signature was attached. Grant , who became President Mnrch 4 , 1869 , 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 n < / general tariff legislation , the House being Democratic in the first Congress under his administra tion and both branches Democratic in the latter half of his term. The Garfield-Arthur administration , which began March 4 , 1831 , did not wit ness the enactment of any general tariff legislation until March 3 , 1883 , two full years after the inauguration. Cleveland's first term was not marked by the completion of any genernl tariff legislation , the Mills 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 was 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 Mnrch 4 , 1889 , and the first general tariff act passed under his administration was sign ed Oct. 1 , 1890 , eighteen months after his inauguration. Cleveland's second term , which began March 4,1S93 , with his own party in con trol in both branches of Congress , did not witness the completion of its tariff meas ure until Aug. 28 , 1S94 , nearly eighteen months after he took the oath of office. A study of the above history of the tar iff from the beginning of the Government down to the present time will indicate to those who have been inclined to criticise what they assume to be the slow action of Congress that instead of its action being unusually tardy , it has been unusually prompt , and especially so in view of the fact that the party in control of the ad ministration controls only one branch of Congress , a condition under which it has seldom been possible to pass a tariff meas ure , even in a much greater length of time than has been or is likely to be occupied in the present instance. GEORGE MELVILLE. Political Pith. President Cleveland pulled down the American flag in Hawaii ; President Mc Kinley pulled it up again. One-third of the Southern vote in the present Congress has been cast for pro tection. Every day's consideration of the Senate schedules of the tariff bill brings them more in harmony with those of the House bill , and it is probable that the bill , when it goes into conference , will differ but lit tle from that which passed the House. The shades of the 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 of his useful career. With one member of the Democratic team pulling in the direction of free trade , another towards protection , still a third in favor of freegsilver , and a fourth head ed resolutely toward" the gold standard , the iT ? Sigonian-Jacksonian band wagon r pigi-QjQ much progress. Df tlfl ver Rubcer Republican" confer- many "isms" and is toerrst | | t men who are putting up the moueJI W S half of the silver-cause. < No subject is being more carefully considered - sidered by President McKinley now than the Cuban question. It has been the cause of much anxions thought by him from the beginning and there is good rea son to believe that his plan ? are well de veloped and will be recognized as wide and satisfactory when they become known. The trade reviews and the daily papers of the country unite in the assertion that business is brightening in all parts of the United States. More men are employed , the volume of new orders is increasing , and the amount of work done is steadily gaining. With the final action 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 Re publicans in the Senate are not answering in detail the attacks made by the Demo crats upon the pending tariff bill need not suppose that it is because of lack of argu ment or facts upon which to base them. Their silence is simply because of their of a moment unwillingness to consume time more than is absolutely necessary in getting the bill before the Senate. Can't Be Fooled Every Time. Some people can be fooled once or twice , but very few more than that. Mr. Bryan in his speeches last fall asserted that the forty-two million dollars neces sary to keep pace with the growth of pop ulation in the United States could not be produced since the suspension of free coinage of silver , and quoted Senator Sherman in support of his theory that this be added to the to amount was _ necessary _ * XT n eacn year. xj. . - currency of the country was undoubtedly right in his quotation of Senator Sherman , but both inaccurate and misleading in assuming that this amount of currency cannot be and is not added to the circulating medium of the country present facilities. The by means of its coinage of the mints of the country in the year which ends with the present month will be , in round numbers , one hundred million dollars , three-fourths of it gold , calendar year 1S96 was while that of the ninety-nine million dollars. Add to this the fact that the money in circulation is $138,000,000 more than it was to-day j and it will be seen that Mr. ago a year Bryan's statements in this , as well as in many other things , were , to say the least , misleading. Populists Want No Fusion. Populist leaders are advising against a continuance of the fusion of last fall be tween their party and the Democrats. The uncertain attitude of the Democratic questions , protection party on the two great tion and silver , is the cause of this un willingness to continue the unholy alliance of last year. The fact that large numbers of Democrats In every State where cam paigns are to take place this fall are re fusing to support the free coinage of sil ver , and that many members of that par ty in Congress and elsewhere are aban doning free trade and supporting high protection , has rendered n further alli ance of 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 of the or ganization of the Populist pnrty was to secure needed reforms , not to Btnb the Democratic or Republican parties. I was opposed to fusion last year , and am still more opposed to it now. " Some Free Silver Outcasts. Some individuals , who bolted the Re publican party Inst year and voted for Brynn , held a meeting in this city and organized what they call "The Silver Re publican Party of the United States. " For some reason they do not care to join tlie Populists or the free silver Demo crats. They seem to think they will have a better chance of picking up offices if they have a distinct organization. These bolters cannot bo prevented from forming a new party , but in doing so they ought to state clearly to the public what its principles are and what reason there is for its existence. That has not been done. Ex-Congressman Towne declares that "This is a movement that has taken deep root , and will grow until the restora tion of silver to an equality with gold has been accomplished. " What is this equality that Towne and his associates are going to devote the rest of their lives to securing ? Does he intend to say that the time will come again when sixteen ounces of silver will exchange everywhere for one of gold ? Towne should look the facts in the face. The price of silver , which was 130 cents an ounce in 1S70 , is 60 cents now. In spite of the low price the silver miners of the United States put 50,000,000 ounces on the mnrket last year and made money at the business. The demand for silver by silver stand ard countries is decreasing because the number of those countries is diminishing. Japan , the most progressive of Asiatic nations , with a population of 41,000.000 , has adopted the world's gold standard. Peru and Bolivia , though silver-producing countries , are preparing to do so. Does Towne really believe that his lit tle "movement" will be able to raise the purchasing power of 371 grains of silver until it becomes equal once more to the purchasing power of twenty-three grains of gold ? It is difficult to believe that any intelligent man who knows what the present silver production of the world is , and how much more cheaply it is pro duced than of old , really imagines any thing of the kind. Chicago Tribune. Export Bounty on Farm Products. The proposition for a bounty on stap' .e agricultural exports is not a new subject. It is a departure from the protective pol icy. It has been considered for some years by the farmers , especially by the members of the National Grange , where it has been fully discussed but not yet indorsed by a majority of that body. Some of the propositions seem to be favorable , but it is doubtful whether the giving of a bounty on agricultural products would be beneficial to the farmer. There might be some temporary benefits , but if it stimu lated production the effect would be dis astrous to the farmer. What troubles the farmer now and makes low prices for his productions is the fact that he is now producing more than the market will read ily absorb of certain commodities. So long as he continues to do this he must be content with low prices. If this bounty - . ' ty should stimulate the production and increase the surplus offered in the mar kets of the world , it would have the ef fect of decreasing the price received by the farmer rather than increasing it. As [ said , it is a departure from the policy > f those who believe in protection. The protective jxHicy advocates the encour- ! " " • B&lliproduction in those lines , lave Vpul e K senough , o donate te the farmer ce " ' fllEV" . i m products exported , and it is iSotttfur i rhether it would at the most have more beneficial effect , with han a temporary s bad reactionary results. i tendency to ' From , interview with Assistant Secretary ) f Agriculture Brigham. ] Tariff Prospects Are Helping : . ' The progress made by the Senate with ' the tariff bill has given some impetus business and has created amore to general more hopeful feeling in all departments Df trade. The matter is not entirely sen timental or at all partisan. The doubt and instability which have plainly sur rounded every commercial avenue and which always exist while tariff uncer tainty lasts will in all probability soon be removed. For the first time since 1SS7 the business of the country will be in a free and untrammeled position and the favorable effect on credit and individ ual action canot be too highly estimated. The manufacturer and the distributor will be able to see clearly into the future and the money lender and the money bor rower will be able to act understanding . The prospect has already caused some activity in the iron and steel trades , and has given definite assurance in other di rections. The great majority of the American people hope for and have con fidence in substantial results. The gen eral situation is ripe for the change. Money is abundant at low rates. Price is on a level which practically guaran tees judicious operations. Disappointment for Popocrats. Dissappointment follows disappoint ment among the Popocratic leaders. Not only are they disappointed in tne iact 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 dfstressed to find their own par ty falling to pieces on the question of pro tection as well as silver , since their vote against the protective features of the tar iff bill is growing weaker daily , while their arguments in behalf of free silver are being disproven by every week's de velopments since the election. Antics or Jones , Vest , and Mills. Senators Jones , Vest and Mills didn't know it was loaded. They began shout ing about a small advance of about 6 per cent in the value of sugar trust stocks simultaneously with a settlement of the sugar schedule by the final action upon it in the Senate caucus , but had evidently forgotten that when the tariff bill was in their own charge , in 1S94 , stocks of this same sugar trust advanced 55 per cent , in value during their manipulation of the bill. - - wmmmmmmmmmmmmmmmmmm DIDN'T KNOW IT WAS LOADED. The Snirar Trust 8crcamers Find Their Attackn Rcactinu on Tlicmnelvcn. There has been some especially sharp talk Jn the Senate aud some of the people who are seeking to make political cnpitul by throwing duBt with reference to the . pending tariff bill hnvo suddenly dia- ) covered that there are two sides to almost any story. Two or three Democratic , leaders seem to have reached the conclu sion that they could once more fool the i people , and that their most convenient ( way to do it would be to charge that the sugar schedules of the tariff bill as agreed upon by the Republican caucus were fa vorable to the sugar trust. So they pro ceeded upon the "stop thief" plan to make all sorts of malicious charges of this kind , taking advantage of the fact that Repub licans in the Senate have been refusing to discuss any fentures of the bill not abso lutely necessary to be explained , simply J ! for the purpose of gaining time nnd get ting the bill through ns promptly ns pos sible. The gentlemen have found , how ever , thnt there is a limit to the endur ance of the public who are being Imposed upon with this sort of falsehood , and the newspapers of the country have suddenly revived the fact that the very men who are now shouting sugar trust with refer ence to the pending tnriff bill are the ones under whose guidnnce the "per- ) fidy nnd dishonor" bill of 1S94 was fram ed and its sugar schedule so shaped ns to create the greatest scandnl that has been known In political history in many yeara. Attention is called to the fact that the three men , Senators Vest , Jones and Mills , whose mouthings about an increase in prices of sugar trust stock aa a result of the pending tnriff bill have been the features of the week , are the very men who framed the sugar schedules of the I Wilson bill under which sugnr trust I stocks advanced 66 per cent. , while the I advance during the entire consideration I of the present bill is only 6 per cent , and 'J this a mere incident of the general advance - ' vance which has been strongly marked meantime in all stocks. That the three * men whose manipulations in the schedules of the Wilson bill caused an advance of 66 per cent , in the price of sugar stocks s should now be screaming like madmen because sugnr stocks have increased 6 per cent , during the consideration of the pres ent bill would be unaccountable but for the fact that they arc apparently doing it to not only make political capital against the Republicans but at the same time conceal as far as possible their own rec ord in this very line. i Politicians AVorkinjjCountry People The dangerous characters who were last fall hired to stir up dissatisfaction and sow seeds of nnnrchism and riot in the cities are now being sent through the country districts for the same purpose. They travel in gaudily painted wagons , bearing false or misleading quotations From distinguished men. which are dis- iorted into apparent support of the free : oinage of silver , which is now worth less ; han one-half what it was when these ltterances are alleged to have been made. To conceal their real purposes these men irofess to be obtaining subscril > ors to a. Iree silver publication , with which is fur- lished a copy of a book by "Coin" Har- rey , whose writings are now recognized is not only untruthful and misleading , jut purposely and maliciously so and an mposition upon those before whom they j ire placed. This attempt to distribute the J ; eeds of distrust , anarchism and riot in 1 he agricultural communities for the pure- i y selfish purpose of making a market I ror the property of silver mine-owners I md placing a few politicians in office de- ' fl ; erves the contempt of those upon whom. I t is being imposed. It is of the same rlass as that by which the tin peddler M vagons spread falsehood through the fl jountry in the Congressional campaign of 9 890 , but is vastly more dangerous to fl he country from the clnss of employed , fl he doctrines they disseminate and the fl lesperate schemes of those who support fl hem in this performance. The silver fl aine-owners and their political allies have H esorted to this new device to deceive the | | ieopIe , who are , however , rapidly discov- J R rfe Bj nifc is tiey practice. M eems likely tobf the next ste ; > TTrirC(1 > . ] dministration , after the passage o . . 3. M takc- place H ariff bill , which will probably _ lefore the end of the month. It is un- [ erstood in Washington that the I resi- jH the tariff bill pa sos M lent will , as soon as message to C on- J m he Senate , send a special ; ress urging the creation of a commission H vhich shall devise a plan for the general V of the H system • evision of the currency for consideration by Con- m • ountry in time ; ress when it meets in its regular session M ave months hence. H Their Theories Exploding. H Hand If farm prices do not stop advancing : their downward - H and silver prices do not stop ward course , there will be nothing le tto H sustain the chief theory of the free com- H age orntors of last fall that prices of H with those of si. - H farm products kept pace have in- mm ver. Leading farm products creased in price from 50 to 100 per cent. > fl since this beautiful theory was exploited on the stump last fall , while the price ot m silver has meantime steadily decreased. Moving : with Caution. Fverv < ; ide of the Cuban question is being - ing considered by President McKinley | of action is likely to be now , and a course indicated in the near future. The importance - 1 ance and gravity of the issues involved I and possible consequences of a mistake I that the President and his are so great advisers are moving with the utmost caution , as any judicious citizen would pucIi responsibilities were do if grave placed upon his individual shoulders. i Plan to Dump Bryan. / "Rotation in office" is popular with the- friends of free silver as well as others. It is whispered that the real cause of the- Chicago gathering of a few days since which organized what was called the sil ver Republican pnrty 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 bottom of the deep blue sea William Jennings Bryan , who led the party to defeat last year. Distressing to Political Enemies. The absolute unanimity of purpose in the Republican party and the solidity of its ranks in the Senate is distressing its political enemies greatly. The party dissensions which they had expected to see crop out among the Republicans hnvo made iheir appearance on their own side of the chamber , however , and this adds to > the distress of the handful of gentlemen , who assume to be the leaders of that