Smyrna times., 1881-05-11

|
China and Japan. Our commercial treaty
with China places it in the relation of the
most favored nations withus and opens the
way toincreased commercial relations with !
China and Japan. Our commercial treaty
with China places it in the relation of the
most favored nations with US and opens
the way to increased compercial relations
between the two counties. China evil
IDENTIFY intends to adopt a new policy
that of merchant marine, by which her
citizens will carry on the ocean her eX-
ports and imports. Japan has shown a
purpose to cultivate even closer relations
the treaty with that power providing for
the care of shipwrecked sailors in either |
country.
IF is argued by many persons that the
Presidents action in regard to the New
York appointments which he Withdrew
on Thursday, is all right and perfectly
iustifable, but that he ought to have
taken it sooner. He could not have been
so sure of public support if he had acted
sooner. He has given Mr.. Conkling full
opportunity to exhibit himself in his true
colors, and the public understands him
to-day better than it ever did before. 1t
has been shown that there can be no har-
mony with Mr.. Conkling unless he can
have his own way. First, the President
appointed to Office in that State large
number of MIR. Conklings friends. He
gave him the most generous "recogni-
ton" The moment he appointed one
man who was not Mr.. Conkling's friend
the trouble began. Mr.. Conkling says it
was perfdity. He refused to report the
nomination from his committee He
went into the Republican caucus as soon
as an executive session was decided on
and begged it to vote that no nomination
should be acted upon to which a single
Senator objected. The caucus agreed to
that outrageous request. Mr.. Conklng
had Committee of Safety appointed to
ask the President to surrender, and the
committee had the amazing effrontery to
make the request. Then it was tele-
graphed from Washington that MIR. Conk
ling was master of the situation" The
public has been watching this perfor-
nance, and has been getting madden and
madden as it went on. President Gar
field wisely waited till this state of mind
was reached, and then he struck, and the
people throughout the country are glad
that he has shown Mr.. Conkling that he
has backbone as well as that gentleman.
OK THE business of the week the New
York Tribune says: The volume of bust
ness was remarkably large last week.
Favorable weather, good news as to the
growing crops, abundance and ease in the
money markets, confidence as to the
financial future, and marked increase of
the speculative spirit, all contributed to
make the transactions exceptionally heavy
In comparison with the first week of May,
1880, the increase is 44.8 per cent. and
the activity in the stock market accounts
for but little of the grain, for, after deduct
ing for each year double the value of
, stocks sold, the increase is still about AZ
per cent In truth the revival of specula-
tive activity and excitement was quite as
great in many branches of merchandise as
in securities, while the increase in pur-
chases for consumption or export was also
noteworthy.
Notwithstanding the low freight rates,
the tendency of prices in the produce and
cotton markets last week was downward
at the close In wheat, speculative in
fuences had caused some advance, which
was partially lost on Saturday, in conse-
quence of highly favorable advices in re-
gard to the coming crop, and the an
hot In no
opened in part on the 18th and the re-
mainder on the 18th The Erie Canal
, was not opened last year until the 18th,
though that date was the latest for twenty
years The opening of the Eastern divis-
ion on Thursday will unlock about $780,
900 bushels of wheat and 3,900,0U0
bushels of corn Meanwhile the accounts
collected by Western journals generally
7 indicate that there has been an enormous
acreage sown in spring wheat, especially
in Minnesota, where the increase is said
, to be over 20 per cent. for the whole
, State, and the prospect for an increased
e yield per acre is now said to be unusually
' good.
r News IrElls.-The Marquis of Salisbury
( was chosen leader Of the Conservative
f in the British House of Lords. --Tht
i Kroumirs have surrendered the importan
d position of Sid Abdallah, and are virtual
r. ly conquered. The British House o
! Commons has decided by vote of 38(
J. to 81 that monument be erected to Lore
n Beaconsield in Westminster Abbey
, Tile United States Senate Judici
=. AIRY Committee reported unfavorably upol
IS the nomination of Stanley Matthews t,
,e be Justice of the United States Suprem
m Court THE Republican Senator
met in caucus Monday; Mr.. Conklinl
as made speech against the nomination @
ii Judge Robertson. success @
u the new funding scheme is assured -
ne The nomination of Mr.. Grier, of Hazletor
* Pa, as third Assistant Postmaster Genel
n al has been withdrawn. Governe
,ir Cornell has signed the bill for organizin
a Night Medical Service in Brooklyn
--Proceedings haye been begu
OF against ex-senator Dorsey by an Orego
lg politician for money promised for service
ed in assisting to increase mail facilities
In certain parts of Oregon.--The pc
LIS SONS arrested at Philadelphia for compile
is ty in the Star Route swindling have bee
ny held for tFial.---A case of sunstrok
Ill at Chicago is reported. -. @. Bartol
os- an Atlanta, Ca, lawyer, has been sent I
EN- the penitentiary for perjury.
IN with the TItes i'm 0reoon Ia faarad -