The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1873-03-01


Following the last tlaw, again in the midst oil
another freeze equally cold any weather we have
had before Washngtonians say colder than has been
experienced at this season of the year for twenty
years IL is hoped and expected by all that this is the
last cold snap of the and the fourth ofSarc
arrives, like in the past, the weather will be
guratior ball is in slow process OF compleon and II is
feared by some here that the time is short FORTS com
pletOn II the present weather continues eirfea,s are
well founded.
The Finance Committee of the Senate in REPORTING nm.
avoraby upon the petitions of the banks for relief from
taxation. cites the case Of the National Albany Ex-
change Bank which, with a capital of 5000 600 has a
surplus fund of $1,000 and undivided profits to the
amount of $40 pa and abOveits regular semi
nua dividends. Here is an instance for tie enormous
profits of bankngneary so per cent accumulation af
ter paying regular dividends Yet these bankers mod.
esty ask that tax producing 81 $40 200 of revenue be
taken from their property and laid upon the productive
interests of the country. The Senate could not ssee it,
The popular impression that the increase 0fmacnery
would supersede hand labor and consequently take all
employment from the laborcr has been signaiy contra
dcted by facts and experience The demand for labor
has increased with every process for saving it,
The sewing machine for instance has created employ
ment FOR sewing hundred fold greater than was
before known The number of these machines is simply
enormous During 1872 four leading manufactures dis
posed Of 3i3 500 machines Other branches of manufac
tufe show equal extension American invention is
especially brilliant in saving labor in the lower depart
ments ofindustry and hence has been especially bene.
hcicnt to the humble classes.
five desire satisfactory for the present strn
gency OF our finances will find it in the increasing
balance OF trade against and the enlarged export Of
H..
493,70S to S64O37 80 daring the fiscal year or an
increase of 20 per cent while domestic and foreign
exports declined from S59097S $50 to SSH 7S9
Europe holds ], 800 millions of our national securities
and indefinite quantities of railroad and other stocks
rolyng the payment, in interest alone, of hundreds Of
millions of dollars This state of things cannot last II
will work its own cure by the periodical sringeucies
WHICH 1t produces. So say linanciers.
The amount of land necessary meet all the claims
contemplated in the proposed legislation ofCougress for
the endowment of soldiers the late civil war will be
3920Oo,OOO acres-eeven times the area of Ohio. The
total amount Of all military bounte in the past was
fl000O00 acres OF these the soldier himself received
on an average, perhaps, 81 cents per acre The whole
scheme is urged by land grabbcs and SPECTATORS If
anything is calculated to unsettlc the popular respect
olies Speculation.
The latest returns from the West show that the hog
crop OF the West WILL this season. reach at least 300 900
ahead Of the last The result of this exuberance of
production must be low prices Thus the western farm.
er sees another element in his wealth deprecating and
consuming these heavy raw material is right in the
ground OF their production Let manufactures be start
ed over the whole West and the home demand will be
sufficient to about all this surplus production No CON-
munlty that remains undVersfed in its industry can
long meet the demands ofpfogress
The thus far has not manifested special actv
" In domestic trade, though the advance in gold has
greatly stimulated the export of cotton. The inclemen
cy OF season has greatly hndercd transportation and
large accumuaons of domestic produce reported at
local centres awaiting shipment The money market is
still stringent. The national banks have under the de-
mand Tor money. trenched upon their legal reserves
rms state OF things, however, will work its own cure
is the result of over trading In flush times men are
tempted TO spread themselves too much ground
When the tide everybody at once is compelled tn
contract. This produces rapid concentration of re.
eaqfees and brings forth the means of meeting the diff
those who DO not founder. 's"'''--asfa fqfe:-