The McCook tribune. (McCook, Neb.) 1886-1936, October 15, 1897, Image 5

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IM KtI Business Improvement Moves Forward by Great
I r < , Leaps and Bounds.
| The Doleful Cries of Calamity Howlers Cannot
i Check the Advance of Good Times.
Ul Being unable to deny tlml prosper ! !
fly has come again upon the country , tl
F Popocrat statesmen and organs wit
B one accord are loudly proclaiming tb :
B it is all due to th < - failure of the foreig
B wheat crop. Tbe growers of wbca
H tbey say , are prospering , but oth <
LYaYm wealth producers are getting no ben
V. fits. There is a great deal of differenc
K however , between mere assertion as
Hl well authenticated fact. There
P'l abundant evidence on every band ths
B 1 all classes of tbe people , includlc
B w wealth producers of every descriptio :
B | are sharing in tbe new prosperity. Tl
fl/f failure of the foreign wheat crop eou ]
VmI not start hundreds of idle shops an
El factories to operating and give emplo ;
B tnent to hundreds of thousands of id
B $ worklngmen. The failure of the foreig
HOy wheat crop v/ould not suffice to stlnii
B [ y bite all lines of business and produc
FJi a feeling of confidence and securit
BhAr among investors and merchan
Ut throughout the country.
H' The failure of the foreign wheat cro
B h would not quicker the domestic wo
Hr trade , the leather trade , the trade 1
BH J print cloths and sheetings , the tin , co ]
Brf per and iron trade , the beef , pork an
fl ( | lard trade , the trade In petroleum
Bglass , lead , cottonseed oil , lumber , pi
Bff per , brick , coal , salt , hay , hemp , pot
Hjf J toes , corn , barley , rye , butter , eggs an
fl\f fruit. According to Bradstreet's , whlc
B ji has kept a record of the business doi
B. M in all lines for the last four years , tt
Bh | trade in all these commodities an
BE ? scores of others has rapidly increase
BEf since July the month in which the R
Hu | publican tariff was enacted.
B > 3 Regarding the stories of Westei
| b fanners paying off their mortgages !
HK such enormous amounts , the Orang
| i Judd Farmer has made , careful biqu
Bf rles an < 3 says tuat " " " 'l ' lt finls
BJf newspaper statements somewhat e :
flg aggerated , there is unquestionably a
Bf immense amount of liquidation goin
fl * enDuring the past few years tt
B' farmers have practiced such econom
Bf that the marked improvement in. whe :
B and other prices has wonderfully in
fl proved their financial condition. Or
B ffreat incentive to pay off old mor
B cages is the lower interest rates t
B which new loans can be obtained.
B Causes of Good Times.
fl Advocates of the theory that the revivi
B of business throughout the country is dt
B to the wheat crop instead of the tari
B found something to ponder over in tl
B trade reports of Dun and Bradstreet
B for last week. From these it appears thf
Hi , thia armers have not vet marketed jju
H olj R caused or influenced the genera
reopening of jron , steel , rubber and tex
tile industries and the increase in the pro
fits of all private business which havi
been in evidence since July. The specia
points of interest aside from this in th <
trade reports are : An increase since one
- -vei" " ago of 34 per cent in the employ
ment of members of trade unions ; a gain
of 12 per cent in one month in the output
of pig iron , implying an increased consumption -
sumption of 100,000 tons ; a rise of 5 cents
in the price of wheat ; an advance for August -
gust in prices of more than 100 staple
farm and manufactured articles of 3.4
per cent , following a 3.1 per-cent advance
in July , and a marked decrease in failures ,
both in number and the average amount
of liabilities. In this chapter the tariff
plays a leading part. San Francisco
L , Chronicle.
I - No Time for Croaking.
The propensity of the calamity howler
to predict misfortune for this country and
to emphasize the dark side of life , will find
little encouragement by contrasting the
present condition and prospects of the
American people with those of the rest of
the world. For such a comparison will reveal -
- veal the fact that we are vastly better off
• to-day than most peoples. WhiL- other
countries threatened with
are distress ow-
K ing to short crops , we Am erica hs have
been blessed with one of the most abun-
E dant harvests in our history. While the
far East is suffering with famine and
while the harvest in Ireland Is reported
H r ULn0J by unpropitious weather , we in
America are chiefly concerned with the
problem of transporting to market the
surplus products of the farm. While ris
ing prices will bring dismay to those
parts of the world which are under the
necessity of buying , the American farmer -
er , with a granary overflowing with wheat
I and corn , looks with complacency upon
the steadily climbing jrrain markets. The
, great laws of supply and demand are
' working in our favor , and are bound to
bring renewed prosperity to our country.
Detroit Free Press.
F Why Do the Croakers Croak ?
If Solemn silverites whose knowledge ol
[ | affairs is wider than that of most of tbe
'I men who voted for Bryan last fall , are
I not altogether silenced by the rise in
I prices under the conditions existing since
the complete triumph of sound money in
the United States. Some of them , like the
lubngrious Ritchie , of Summit County ,
( essay the weary task of persuading people
who like the change in the time's that it is
the result of famine in India and ruined
i harvests in Europe. These persons parade -
\ rade before the voters of America the
dread procession of gaunt victims of star-
i vation in Hindustan , and they quote the
fLj. gloomy reports of crop failure in Ireland.
They point to meager grain fields in Rus-
\ aia and to the shortage of 50,000,000 bush
els in the wheat crop of France. "There , "
they say , "is the source of higher prices
I in the United States. Let famine and
rain abroad be followed by normal weath
er and harvests , and the general level of
the markets will again be as low and weak
as the price of silver. "
This sort of explanation can never be
effective , for two reasons. The first is
that it goes too far for the average voter
to follow with much interest. The second
and the best is that it wholly fails to ac
count for the advance in many important
commodities which have nothing to do
with the harvests in Europe or the famine
in India. Has there been a famine 'in
hides anywhere ? Has the leather crop
failed ? What bad weather haB made
iron scarce and raised the price of steel ?
What is the force that has lifted the mar
ket for wool as far , in proportion to for
mer quotations , as wheat has risen ? Why
are Iambs much higher than they were
when the Dingley bill was passed ? How
about the butter cron ? Has that failed
in India ? Is the cheese market feeling
the effects of the harvests in Russia ?
Where is the cotton crop a failure ? Who
has heard of a lumber famine ? Cleveland
Breidenthal Admits It.
One of the most recent and conspicuous
examples of a Populist who has discarded
the calamity howl for the prosperity
whoop is J. W. Breidenthal of Kansas.
He is the Bank Commissioner of the
State , and less than one year ago he was
a Bryanite , who could see no prosperity
and no salvation for the country unless
the Boy Orator of the Platte was elected
and silver given free coinage at the heav
en-ordained ratio of 16 to 1. But Breiden
thal haB changed since then. He has
seen a great light , and this is what he
has to say to-day :
Never In the history of Kansas haB there
been as much money with which to pay debts
as we And in the State to-day. The State
has struck a wonderful streak of luck. Con
ditions brought a good wheat crop ; the prices
advanced ; cattle are plenty and command a
good price. These conditions found Kan
sas In a good position to profit Immensely
thereby , and we are doing It.
There never has been a time In the history
of the State when the farmers have not
raised enough to live on. Now comes this
magnificent year , with Immense crops and
high prices , and It Is little wonder they are
making the best of It. The people are mak
ing an earnest effort to get out of debt , and
when they succeed In doing this the Kansas
farmer will be the most Independent person
on earth , because he knows enough to keep
out of debt when once he gets started In the
right direction.
Kansas is to-day the most prosperous State
In the Union. There will be 40,000 home
steads cleared of mortgages this fall. Think
of what that means. The mortgages will
average § 11,000 each , which means the ex
penditure of $40,000,000. It means also that
this State is becoming a Commonwealth of
If Breidenthal had said last November
that in less than a year -40,000 Kansas
farmers would pay off $40,000,000 of
mortgages , under a Republican President
and the gold standard , his fellow Popu
lists of Kansas would have chartered a
special train to convey him to an insane
asylum. Kansas City Journal.
1 * 5- ; - rSrI "Stan * * * jM Wtti
KumgTrom the statistician's steel. They
are thickest behind the refuge of foreign
crop failure. A poke in these sets all
sorts and sizes to wriggling , Grandpa
Bland and Boy Bryan , and Teller wail
ing , now that "Christianity and morality"
depend on more business for Nick Hill's
smelter. And as they wriggle they squeal
"Famine , you brutes ! You are gloatin
over famine. You are exulting in the mis
eries of the victims of the gold standar
in India and Austria and England an
France. There is nothing in this wav
of prosperity which ouch ! is giving u
some temporary embarrassment but a for
eign shortage in wheat. "
Let us stir up the wrigglers a littli
further. There has been no foreign short
age in cotton. If there had been , it woulc
not matter in the sense that a wheal
shortage matters , for we supply 70 pei
cent of the world's cotton anyway , and
never more than 25 per cent of its wheat.
Yet we are getting an extra 10 per cent
this year say , ? 30,000,000 on $300,000-
000 for our cotton. These are the fig
ures , just compiled by the secretary of the
New Orleans Cotton Exchange , Mr. Hester
ter :
Commercial crop. Value.
1S.0G-07 5321,924,834
lSflo-96 294,095,347
IS93-94 283,118,137
LS92-93 2S4,765,512
IS91-92 333.82G.7J2
In other words , we have ante-panic
: alues and ante-panic prices. The crop
s worth $25,000,000 more than it has
teen in the best year for five years. New
fork Press.
Southern Cotton Mills.
One of the most encouraging features
of the business season ended on the first
of this month was the showing made by
Southern mining and manufacturing en
terprises. Reports from reliable sources
indicate that all of them were fairly pros
perous , even while similar industries were
depressed in other parts of the country ,
the result being due in great measure to
the advantages of the proximity of tbe
raw material to points of consumption or
manufacture , and to the favorable nlimnt.
ic conditions. This
was especially true o
cotton manufacturing , which evidences s
growth both continuous and of remarka
ble extent. For the first time the con
sumption of Southern mills exceeded t
million bales. Memphis Scimiter.
Due to Bepnblican Policy.
It is only a little while since the Demo
crats of the country were taunting the
Republicans witb the slowness of pros
perity in returning. Where now , they
said , are the signs of its coming ? The
new tariff had hardly been signed and
Congress adjourned before the boom was
on in such force as to be undeniable. The
blindest pessimist in the Democratic par
ty had to admit it. Then came the claim
that the shortage of wheat abroad was
the cause of it all. That was the burden
of Mr. Bryan's Iowa speech.
No doubt the shortage in the wheat and
rye crops of the other grain-exporting
countries has advanced the price of wheat
in this country , but the great central fact
in the case is that there has been sub
stantially the same healthy advance in the
prices of other properties of about the
same sensitiveness to the market. This
proposition was brought out with special
force by Gov. Tanner in an interview
given to tbe St. Louis Globe-Democrat.
At tbe time the Governor spoke the ad
vance in wheat had been 30 cents per
bushel , and he added :
But railroad stocks , manufacturing stocks ,
and all other stocks of a character to feel tbe
effects of prosperity have increased all the
way from 30 to 00 per o ° nt. on the former
values at the same time that wheat has
been making this gain of ; (0 cents a bushel.
Cattle , hogs , corn , oats , red top seed , all
farm products , have gone up almost. If not
qutte , in the proportion that stocks and
wheat have. Bonds and mortgages have en
hanced. Taking the vast interests represented
sented by stocks and bonds , you will find
that the Increase In the total value made
during the past three mouths Is $1,000,000-
000. The advance on other things , cattle ,
hogs , corn , and so on , has amounted to more
than $300,000,000. There is a grand total
of $1,300,000,000 added to the wealth of this
country. It has been done by the adoption
of a wise and encouraging economic policy
which has restored the confidence of our
people. Chicago Inter Ocean.
The Iron Barometer.
Among the proofs of reviving prosper
ity , which some people are trying hard
not to see , must now be included the in
crease of 12 per cent in the output of pig
iron within about one month after the
new tariff was enacted. For many years
there have been not a few among the fore
most practical business men who have re
garded the production and consumption of
Iron as the surest barometer of the con
ditions upon which dependB increase or d <
crease of general prosperity. This is i
part because the production is of necessit
months ahead of the final consumption i
finished forms , and is based upon all tha
some of the shrewdest practical men i
the country can foresee of the future d (
mand for rails , car materials and othe
railway supplies , for freight vessels alon
the lakes and on sea coasts , for busines
buildings and the structural shapes o
which their skeletons are framed , for at
ricultural implements and the iron an
steel entering into their construction , fc
extension and improvement of farms , an
so for fence wire and wire rods , and fo
erection of residences and other buile
ings , and so for nails and hardware of a
kinds. When evidence Doints to materia ;
ly increased consumption in so man
forms trained business men calculate tha
better times are coming.
The production of pig iron started thi
of about 160 ,
year with a weekly output
000 tons , having enlarged to that exten
from 112,782 tons last October , a gal
of more than 40 per cent. There was
little further advance to about 170,00
tons In March and April , but as the pass
ing of the tariff bill came to be considere
more remote or uncertain and stocks of ui
sold iron accumulated the production wa
diminished to 164,000 tons at the begir
showing a conservative determination
ning of July ,
termination to defer further increase o
output until the conditions necessary fo
future prosperity were more positively as
This came with th
sured. .assurance
passage of the tariff bill late in July , an
the weekly output was slightly raise
Aug. 1 , and increased 20,128 tons weekl ;
during that month. But the output Sep1
1 was already the largest ever known fo
that month , excepting in 1895 when
sudden flurry lifted prices about to thos
of 1S90 and it was 34,000 tons large
than Sept. 1 , 1S92.
It Cannot Be Concealed.
Once in a while we meet a man wh
says that while he sees a good deal In th
newspapers about a rev o of business h
finds no improvement inj T'own cdndi
&ojj ? gsgfafc. sejSsai Bfeiftkia& i
* ! | j Pfiai aiaTT > een sSfffonglyleT
in tblTCast and m the Southwest has noi
yet reached the Northwest in full volume
simply because our harvest is later Out
wheat crop has only just begun moving to
market The $100,000,000 which this
rear s crop will fetch into this region has
3nly begun to be distributed. Neverthe-
ess , if the person who complains that
prosperity has not yet reached him wil
: look around over the whole city and Stat <
' he cannot fail to perceive a very markec
improvement. The hanks are in bettei
' shape and are loaning money more freely
The merchants are full of hope and confi
dence , and manufacturers are making ar
rangements for a full output. Less idle
men are seen , and , in fact , it is claimed
by employment agencies that no person
who is able and willing to work need now
suffer from lack of employment. The in
crease in the volume of business through
out the country is unmistakable. It is
revealed in the statement of weekly bank
clearings , which show a gain of 45.6 per
cent , as compared with the corresponding
week of last year. Minneapolis' gain is
43.2 per cent , which may be taken as an
indication that from this time on the re
vival will be felt here in full force. Min-
neapolii Tribune.
The Tariff and Farm Prices. j
Our free trade friends assert that the j
sole reason for the rise in the price of'
wheat is the grain shortage abroad. They
are vociferous in declaring , in season and
out of season , that the enactment of a
Republican tariff has had nothing to do
with the farmer's increased prosperity.
Let us look into this claim for a moment.
It is not true , as many of the anti-protec- •
tion organs imply , that wheat , of which
we export vast quantities , is the only agri
cultural staple that has risen in value.
There has been a marked increase in the
price of corn , oats , rye , pork , butter ,
cheese , hops , hides and potatoes. Lambs
for slaughtering are worth $1.25 per head
more than they were one year ago. The
value of sheep kept for wool has also risen
significantly since the passage of a tariff
that protects American flocks. These as
sertions are not made rashly. They are f
[ basedupon the official statistics of the
Department of Agriculture. It will be' '
seen at a glance that products of whicl
we export comparatively moderate
amounts have kept close to wheat in its
upward movement. In our estimation the
tariff has had a great deal to do with this ,
Since the Dingley bill became law a huge
army of previously idle men has been set
to work throughout the United States.
Wage earners who had been employed
only part time are now working full time.
No Halting : the Advance.
Dun's review , which has been jubilant
in its proclamation of business revival for
several weeks , declares that there is no
halting in the advance ; that business
grows better in all ways ; that there is a
steady increase in production and work
ing force , and that the power of the people
ple to purchase is a feature which overshadows - '
shadows all others. New York reports
show that wheat is not the only commodity - !
ity that is advancing in price , for over
one hundred staples are higher , and there
is a continued heavy demand for manufactured - |
factured jromjw , , f : j | ] kinds. j
He Attacks the Corporations and The
Asks and Accepts Favors from Then
The more Mr. Bryan tries to expla
away his foraging expeditions on railros
passes the more he convicts himself <
demagogy and willful deception. Wh (
the San Francisco papers made publ
the fact that Bryan had solicited and a
cepted favors from Huntington's SoutJ
ern Pacific Railroad In the shape of ra !
road passes , Bryan's friends at first d
nied the charge. They backed their d
nials by producing the requisition writtE
by Bryan in which he applies for the fn
ticket over the Southern Pacific on a
count of the Omaha World-Herald.
Upon inquiry at Omaha it developt
that Bryan had severed his connectic
with the World-Herald a year previous
and furthermore that the World-Hera !
had no advertising contract with tl
Southern Pacific and was not entitled '
any transportation for any advertisir
done for that road. To parry this e :
posure Bryan retorted over his own nan
that he was still a stockholder in tl
World-Herald. By this , matters were m
much mended for the reason that as
stockholder in a newspaper he could hai
no claim upon any railroad for free rid <
and furthermore that under the intersta
commerce law interstate railroads are fo
bidden from giving free transportation e :
cept to railway employes.
The Southern Pacific is not , howeve
the only railroad on which Bryan hi
been foraging. Mr. Bryan traveled 1
St. Louis some ten days ago over the Wi
bash and dead-headed his way with a
1897 annual pass. The pass is ostensibl
issued on account of the World-Hera !
but bears on its face the flat contradictio
of the pretense that it is a business tran
action. Railroads do not issue annu ;
passes in exchange for advertising. 1
the nature of things they could not kno
how often they would be used , for wht
distance and how much advertising vail
they would represent.
The discreditable part of Bryan's deai
heading over the railroads arises n <
merely from the fact that he poses as tl
champion of the anti-monopoly forces an
denounces the railroads for discrimini
tion in favor of influential non-producei
as against the common people who mui
pay their way , but also because whi
amply able to pay his fare he is resor
ing to deception to cover up his accep
ance of railroad gifts. Omaha Bee.
Try to Be Consistent in Yonr The&ri *
and Assertions.
At Atchison , Mr. Bryan made a seec
from which the following are detache
sentences : "Last fall the Republicai
said we were repudiationists because w
wanted to lessen the purchasing price (
the dollar. * * * The price of whe :
and corn is governed by the law of suppl
and demand solely. The law of suppl
and demand governs the value of a della
If there is a short crop of money dollai
will rise. Nature makes a short crop c
wheat Man makes a short crop of do
lars by law. "
A year ago Mr. Bryan asserted that th
value of a dollar was not influenced b
any power whatever except the declarx
tion by the Government that it was a do
lar. He asserted in season and out o
season that such a declaration was sufl :
cient not only to make every silver della
worth a gold dollar , but also to raise ever ,
ounce of silver bullion in the world to th
value of gold at a ratio of 16 to 1. Wit !
such" a record as this , how can the mai
have the audacity to nog come babbjin ;
about thej uaof tjjgSBfrr-l lfc
IB'l ' wollar MP ' t'Maa '
ble because it has not kepTpace with thi
law of demand. The more money iher <
is in the country , he contends , the less
the dollar will buy. Does history beai
Jut such a claim ? In one of his lecture *
Mr. Bryan presents a table to show thai
since the crime of 1873 there has been a
rteady diminishment in the price of pro
ducts. To make his theory good he must
dso show that there has been a diminish-
nent in the number of dollars. On the
ontrary , there has been a steady and
apid increase in the number of dollars
ince 187o , until now we have a per cap-
a circulation of $24.30 , whereas in 1873
re had but 18.04.-Kansas City Jour-
* .
he Principles of Debsism Will Not Be
Welcomed by Patriots.
The ferocious hatred for the rich felt
r men like Mr. Debs and his Social Dem-
: racy is utterly
un-American. It argues
the men who feel and express it an
timate ofthe importance of wealth so
veterate that it has destroyed their self-
spect Apparently they cannot breathe
eely can hardly live , so miserable are
ey so long as they see other men far
her than themselves that is to
say , pos-
ssed in fat larger measure than they
the only thing that they think of impor-
lce. To them , the men who have wealth
eng necessarily to a different class from
i men who have not. Not brains , nor
mmg , nor character , marks the differ-
: e between men , they think , but wealth
y. No men have expressed a more ab-
t deference to wealth than these So-
I Democrats , who wish to kill nil • * I
possess more than a little of it. They
: cannot apparently , conceive of a poor
man being as self-respecting , as respected ,
as happy and as useful as a rich one.
It is a fortunate thing for the country
that the Social Democracy speaks out
its mind frankly , and government will be
very nnwise if it does anything to sup
press its spirit by putting penalties on its
excesses. A few weak-minded or viciouB
men , it is true , may be misled and even
rendered dangerous to society , but the
best arguments against the semi-socialis
tic , semi-anarchistic purposes of the So-
. cial Democracy that can be addressed tc
, the masses of the American people are the
j utterances of the Social Democrats them
selves. New Orleans Picayune.
I Labor and Free Silver.
The Illinois Federation of Labor has readopted -
adopted , as part of its platform , a demand
for the free coinage of silver at the ratio
of 16 to 1. But on this , as on previous
occasions , the advocates of the plank fail
ed to point out wherein labor would be
benefited by the granting of such a de
mand. No attempt was made to contro
vert the specific statements as to where
free coinage would do irreparable harm to
The workingmen of Illinois have eighty
million dollars invested in building and
loan associations. A change to the mono
metallic silver standard of a free coinage
371-grain dollar would reduce the value
of these investments about 60 per cent
and labor would lose forty-eight million
dollars on one item.
The working people of this State have
oaned 25 millions in gold value dollars
to the savings banks. If the currcn
were depreciated 60 per cent , as it wou
be were silver coined free at the ratio
16 to 1 , the depositors would lose 151
millions. No friend of the free coinai
plank mentioned that fact or argued th
building and loan assoclation'lnvestmen
would be affected injuriously.
The constant experience of the wor
has been that when there 1b a change f
the worse in the money standard tl
wages of abor are slow to adjust ther
selves to It. The price of commodities a
vance rapidly. The price of labor lai
behind. Thus there is a real reduction :
wages. Though they may be nominal
a little higher , their purchasing power
decreased. Chicago Tribune.
Yobs of Silver and \'cns of Gold.
It was very unkind on the part of tl
Director of the Mint to delay his recei
statement about the comparative value <
the coins of the world until the departui
of those silver patriots who recently ha
tened to Japan to learn the true cause <
the demonetization of silver there. Ha
they had opportunity to Btudy Directt
Preston's little table they might ha\
stayed at home and devoted their ene
gies to explaining to the farmer wh
wheat has gone above a dollar a bush
while the free coinage dollar has falle
below forty cents. Director Preston
table shows the comparative value of th
silver and gold yens of Japan during th
past decade. One minute's study of thes
figures would have been sufficient to Bho
these peregrinating patriots the true caus
of Japan's action. Here are the figures-
read them for yourself :
Value of Value c
Year. Silver Yen. Gold Yei
1SSS 75.3 00.
18h9 " . " . .4 00.
IS'X ) 75.1 ! 5 § .
lSld 83.1 09.
1S ! > : > 74.5 09.
1SI3 ! GG.1 09.
1S' .M 55.0 09.
lSit. > 49.1 99.
ISM 59.9 09.
1897 ( July ) 47.8 ' 99.
Work of the Dingley Law.
Reports from the little State of Rhod
Island are full of cheer. "The mill situa
tion is better than it has been for fiv
years , " says a special dispatch to the Si
Louis Globe-Democrat The Lonsdal
company has started on full time opera
tion , employing 5,000 men and womer
In the Woonsocket worsted mills , th
200 employes had their hearts gladdene
by the restoration of wages to what the ,
were in 1S93 , which is a virtual increas
of T1 per cent But more than this
ground has been broken for the erectio :
of a new mill in the Olneyville districl
and a plant near Blackstone , which ha
been idle for almost five years , will h
purchased by a new company and starte
into full operation. It will not requir
a microscope to observe that the develop
meut in the mill situation is the direct re
suit of the Dingley tariff law. It mean
Political Bird Shot.
Mr. Bryan has not yet issued his sched
ule of prices for speeches in Mexico.
Those wretched Ohio editors will no
stop talking about John McLean's gel <
The Western farmers are not burninj
corn this year ; they are burning mort
Sages. -
The silverites insist that the rise ii
wheat is due to scarcity only. But hov
lbout wool ?
Wool has made as big an advance a ;
wheat in the past year. Is that the resul
) f "scarcity" too ? '
? Ign markets. 1 whhw
Altgeld ( to McLean ) Why didn't yon
ake warning by my fate and keep that
: old bond out of sight ?
A bushel of wheat now calls for two
unces of fine silver. Last year one
unce was more than sufficient.
Silver has fallen 25 per cent in value
ince March of last year and 20 per cent
ince the November election of 1896.
Bland , Tillman and Bryan admit that
lere is , "temporary" prosperity. A year
go they said even that couldn't come
ithout free coinage.
Forty thousand farm mortgages , aver
ting ? 1,000 each , are being paid off In
ansas this fall. That's "what8 the mat-
r with 'Kansas" ' now.
Over $2,000,000 in British money com-
g in to San Francisco from Australia to
y tor American wheat ! How is this for
ritiBh goldbug control ?
Was it the "gold powers" of Great
itain that sent statistician Mulhall over
re to show that this is tiie most pros-
rous country in the world ?
dx. 3ryan should hurry up with his
anish lessons. If he doesn't hasten his
P to Mexico , another "crime" against
rer is liable to be committed.
? om Watson says all the silver men
I have to join the Populist forces. He
aks the Democrats are going to heave
r the 16-to-l theory altogether ,
he silence in the vicinity of Yellow-
ie Park , where Mr. Bryan is neglect-
to speak up about the relative values '
vheat and silver , is becoming painful. | <
The Democrats have laid aside their
usual cry about increased prices under the
new tariff law. They see that low tariff
is no longer popular , even with their own
Will wonders never cease ? Wm. J.
Bryan , in a recent article in a New York
paper on wheat and silver , says "those
who advocate free coinage may be
wrong. "
Speaking of the "growth of exports of
manufactures under free trade , " will the
Democrats claim the recent foreign sales
of American tin as due to their non-pro
tective theory ?
The fact that the banks have larger de
posits than ever before and that rates of
interest are low seems to weaken the Pop-
ocratic theory that this country has not
money enough.
According to Tom Watson , there will
not be a sixteen-to-one-free-coinage man
left in the Democratic party this fall. He
says that the only place for them is in
the Populist ranks.
People who are wondering what the
Democrats will find for an issue in 1900
should postpone their worry , as there may
be no Democratic party by that time , the
way things are going.
The Kansas farmers are paying off 40
millions of indebtedness this year. How
lucky for the Popocrats that this didn't
happen a year ago. They wouldn't have
carried an elector anywhere.
Is this country really so badly off for
money when the banks have larger depos
its than ever before in their history and
money is loaning at lower rates than at
any time in memory of the present cenera-
tien ?
• Ij
The Agriculturist and Arboriculturist Mb
Becelvins Special Attention Wilson pS
Bays There Is No More Reason for \ I
Baying Snear Abroad than Wheat. ; §
Would Keep Money at Heme. \is \
Special Washington correspondence : M
Secretary Wilson , the head ef the Department - § % <
partment of Agriculture , continues earnest -
est If not enthusiastic about the practlca- m
bility of putting Into the pockets of th | f !
farmers of this country the $100,000,000 ff
that the people are now sending abroad j-4
for their sugar. "The more I think of )
this beet Bugar business , " said he , "and • \
the more I look into its vast possibilities ,
the more I am surprised that the AmerJ- t ,
such quanta- l >
can people have been buying
ties abroad. There 1b really bo more reason - t
son why we should buy sugar abroad than f
wheat We have in this country land as \
well adapted to the growth of sugar beet * \
as anywhere in the world , and it Is a r * fc , <
markable fact that our people have been IgM
so long in seeing the possibilities and put- | | fl
ting forward every effort toward the accomplishment -
complishment of this end. Sugar enterf 5H
into our consumption to such a large and m |
national extent that the triumph of bringing - [ j
ing about the growing of all our own pro- Hm
ducts in this direction would be no small j j H
one. The way in which the American 1'f fl
farmers are taking hold of it shows what fo H
a comparatively easy matter it would nfB
have been at any time of late years to establish { & H
tablish the industry on a permanent basis , | |
and as I say , it seems strange that far- m H
sighted men have not seen the advantage | l
to result to those successfully fostering
it In my trip through the West I found II
farmers generally enthusiastic over the ft l
subject , all of them anxious , and hoping |
that the analysis to be made of their beets S fl
would show such a satisfactory percent- 8 1
ige of sugar as to enable them to at once B fl
inter into the growth of the beet as a f B
crop. In fact , the danger lies in over- Bj fl
enthusiasm ; in the large outlay of money
md establishment of plants in sections B
ivhere the beet cannot be profitably B H
"The McKinley bounty on sugar was K lB
operating well , and if it had continued BB b !
would have so encouraged both cane and BB bI
ject sugar industries that we would , by B bI
his time , be quite independent of foreign U bI
narkets in this respect. The bounty pro- IB I
) osed for beet sugar in the Dingley tariff XBhI
jill would have still further stimulated B H
he industry , but even as it is , I believe ftB I
ve are on the way to seeing a good qual- SbbB
ty of sugar supplied from a great many iB H
loints in the United States. The sugar IB bI
ieet thrives on a variety of soils , being EBbV
jest adapted to sandy loams of moderate ' &V&B
fertility , and I presume that reports of H
) ur analyses will show great areas in va- > H
-ious sections of the country capable of i H
raising beets containing a sufficient per- &VgB
: entage of saccharine matter to warrant
he building of factories and the planting |
> f large areas. |
"About 2,200 of the farmers of the & _
: ountry have grown beets for tests , and j f
ve are now receiving samples for analy- j J
; is. If everything goes right we will have B
. complete report on the subject by the ftVAVB
irst of the year. This will show the most B
lesirable sections for entering into the Bb
teet industry and will enable operators - EVaVB
o erect beet sugar refineries with some z 4. B
legree of'assurance tJbiJ he AiBtry will * 4 frBB H
le-ff-suceess in their py fcutoCections.wx Ib BH
"Any new crop which takes the place ' * - • BB B I
f present crops , and thereby reduces SB B I
heir acreage , tends to stimulate the s B H
rices received for those crops , by dimin- H
hing their yield , and this is one of the B
idirect ways in which a general cultiva- |
on of the sugar beet will better the consAVAyAB
ition of the farmer. The saving of ? 100AVAVAB
)0,000 to the country will give that VgVgfB
nount to labor. Sugar represents labor |
most entirely , from the growing of the H
ed to the sugar barrel. The diversififtV&V&B
tion of our industries to this extent will H
tve a tendency to help the prices of other B B B
. J
"The " B fl
production of camphor , continued
e Secretary , "has been recently called to H
T attention , and I think I see in this H
nnection another industry to be develfafafl {
ed and one especially advantageous to fAY&B
; South. We are gathering statistics ft B
w in regard to the area in which the H §
e will thrive. It is known to do well in H
srida. In fact , there are now in that fl
ite large trees which were sent down fl
Te from this department years ago as fl
le plants , intended then for shade and fl
lament but they have demonstrated BB B b
irly that the tree grows well is Flor- fl
, and what I want is to see whole fl
ves planted on the rich hammocks and B B B
toms of the State , where the soil is fl
y productive , but not safe from frosts | |
the growth of oranges , lemons and the fl
e tropical products. Every part of the fl
lphor tree is now used in the extrac- BB B I
of this valuable gum ; the leaves , H |
> s , the roots , everything. AH our B B H
iphor is now imported from the far.bSbbB
East , and if we can keep this money in P
our own pocket , we are so much the bet&VAVaVB
ter off. The South , especially , is in need |
of a diversification of crops , and I hope H
it will be found that the camphor indus- j f
try will be practicable and profitable. " ft B
Last Shot at tbe Farmers. j f
The free traders took their last shot at H
the farmers in June ; they hustled in ev- B
erything available on which the new tariff j H
law increased the rates of duty. The fol- B
lowing shows the value of some of the H
more important farm products in June , H
1S97 , compared with June , 1S96 : Vi
Importations. June , 1S97. Juae , 1898. BB B bB
Cattle $477,805 $29,815 j BB B H
183,210 130.909 BBBBBBVJ
Chicory 16.1S5 8.000 BBBBBBfl
Cotton 592,753 199,413 BBBfl
Feathers 104,009 88.327 BBvBbB
Flax 179,466 92.140 BBBBBH
Jute 205.2S4 61.039
Manilla 324,493 76.493
Fibers ( total ) 1,275.325 830,906 BBBBBBfl BBbbbB
Oranges 101,115' 11.713
Hides 3,8G5G55 1.355,349 B HBBi
Rice 404,711 167,283
Sugar 13.SS9.SC2
11.S63.0C3 B BB HI
33.517 1S.SS7
Clothing wool . . . . 2,200,091 157.S07 BBBbH
Combing wool . . . . 1,053G2S 5S.239 B B B H
Carpet wool 1,183,451 430,851
I B B Bfl
$23,599,015 $15,394,642 j J
Postal Savings Banks.
It is announced that Postmaster Gen- B
eral Gary , after thoroughly studying the
subject , has concluded to favor the estab- B B B
lishment of postal savings banks in this B B B Ki
country , and will make the advocacy of yB B B BJ
such a measure a feature of his incum- B H B bB |
bency of the Postoffice Department He H
_ _
has not as yet formulated a plan , but ' BVAVAVAVfl
will do so in his report to be submitted H
to the President on the opening of the
next session of Congress. BB B B R