Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-05-08
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HAVE REEiS SACRIFICED TO POLITE
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trade and finances of the country are having
most -deleterous effect; and if continued,
must threaten the nation with bankruptcy
and ruin. And to show that this is so-apart
IRON what is palpable before our eyes day by
day in the general stagnation of trade-we
need only go to the organs Of the commercial
and trade interests, ignoring altogether the
oracular utterances of theoretical political
economists, and we shall find condition Of
things much more calculated to make the
masses solicitous concerning the future, than
the questions so persstently agitated in Con-
gsess as to the relative status of blacks and
whites and kindred topics connected with the
defeated section.
And if these mischievous agitators, these
vindictive and reckless politicians will not be
lntiuencedby arguments drawn from the sources
of public laws, the Constitution and well es-
tablished precedents, perhaps they may be
startled into reflection and wiser course, by
the danger which impends over the material
interests of the land, as the direct consequence
Of their ruinous delays in needed legislation.
Already, the immediate constituents of the
great body of those at Washington whose duty
it was to act, have suffered heavily; and the
prospect is that with little longer neglect of
great interests imperilled, there will at last
come rebuke from the people, such as these
delinquents will remember to the end of their
days.
We sometime ago quoted the organ of the
grain interests of the country, in which that
paper incidentally showed to what new centres
political power was drifting as the directresult
of trihing with the public interests; and now
we propose to quote a brief article from an
other business organ-the Quarterly TRADE
Circular, Of Pittsburg, showing how the iron
trade has suffered and is suffering, because
Congress cannot cease from political manou-
wiring long enough to fix upon policy upon
which the iron trade can rely.
IRON MARKET.
The market is dull, with fair local trade; which
is also the at the various points where iron is
produced. The market is however, a waiter upon
the settlement of the national financial policy and
the legislation connected Herewith. The best in
formation gives that the amount of iron on
hand, outside Of manufacturing stocks is small and
the impression prevails that if the tariff should be-
during the present session Of Congress- increased so
to meet the necessities of American industry in its
competition with the low priced foreign capital and
low priced foreign labor hen toe fall rsde will be
good and there will be large demand for iron and
its kindred articles Should Congress settle the policy
OF The country to be protective TO its own people, in
the next few weeks it is probable some activity may
prevail in the market before tho close Of the Gus
tomary spring season Of trade. II Is moi. however
likely result to be much desired will be obtained
20 soon, and great activity is TO be expected h.
spring.
1.-The market IS, however, d waiter upon the
'settlement of the national financial policy,
"ard the legislation connected therewth,"
says the paper in question:; and who-let us
ask--sees anything else for it but to continue
"waiting? 2" ''Should Congress settle the
policy of the country to be protective to its
Town people, in the next few weeks it is prob
liable some activity may prevail in the market
"betore the close of the customary spring
''season of trade!" Alas, who expects that
the Spring season of trade" will at this late
day receive any great benefit from what the
comfortable, salaried gentlemen in charge of
these matters at Washington may do; and who
expects that they are going to stop President
in"hi"s' sv'rr5 quiu nrunusuvrlng fur party
ascendency, to attend to such triling matter
as the iron interests of the country?
In former years-it Will be remembered
that the financial exhibits and recommended
tons OF Secretary of the Treasury-especi-
ally OF an able one-were considered as en-
titled to some weight; but who shall stop to
listen to MI. McCulloch's plans to keen the
Government solvent, when Mr.. Sumner must
have hearing on negro suffrage, or Thad.
Stevens or Wade must be conceded time TO
abuse the President and devise means to erin.
pie his usefulness and needed independence,
as these were intended to be provided for bv
the Constitution?
These are matters for the people to consider,
however, no matter to what extent their rep
resentatives may neglect them; and if they are
willing, for the sake Of the triumph of faction
lists, OF extremists, to pass them by, why they
have had ample warning in the four or five
months of trifing with the public interests at
Washington which has been seen.
But we do not believe that the people can
be either hoodwinked or much longer in.
duced to look with patience on the determined
short comings of their public servants, as in
dictated in the premises. The high prices of
the necessaries of life, coupled with the loss of
public confidence, as seen in trade paralyzed.
Is rapidly telling the story of political changes
which must happen; and tried and found
wanting, these trifers with the public interests
will be compelled to give place to better men.
And thatithe manifested purposes, and the
action of the present Congress has be-.
bitter disappointment to loyal inep :, oI
dainty apparent to all the world. lbev o ooua
together with the nation prepossessad h ;.Lle
In tnelr favor, as body of UNUSUALLY canahls
ana patriotic men; and only half irvine thDe
might have forthwith won such a bo,a sney
regards OF the people, as to bay. oa.c- c. 'ne
honor on themselves and unbonbd.d 80.
upon the nation at large. But almost at the
outset forgetting or ignoring their obl;oat;on ,e
to act literally and with an eve singIa 70
reconstruction of the shattered no.. the
tney at once fell to work to fos. .tionality,
the President, to endeaYor. .er distrust of
bis place, and to fix 20 push him from
party ascendancyf~ oap matters to secure
Well, have -Jr the years TO come.
made anvs' they succeeded? Have they
sept ,.ning-the great body of these repre-
,'tives-by falling blindly into the wake
OF two men, one of whom is an impracticable,
dogmatst and pedant, the other coarse
malignant and triher? In fact, have they not
lost the golden opportunity of aiding in the
reconstruction of the nationality giving the
nation ''stone'' merely, in the ultimatum of
the famous Fifteen, when the nation wanted
s'bread?" The people can reckon with them
for so Improbable result, and there need be
no misgivings but that it will be done.
Profits of Silver Mining.
The GOULD AND CURRY SILVER MINING COMPANY
of Nevada declared dividend of eighty.dolars nov