The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1886-05-16

Professor L. E. Holden, whose labors
in Washing ton in behalf of q alb sub
stantial interests have been referred to
from time to time in this paper. has re-
turned to Salt Lake, and was seen by a
HERALD reporter at his office last even
ing.
I'VE did not leave Washington. 5" said
Mr.. Holden, IN response to the report
er's inquiry, until we were certain
that lead anu iron would not De includ-
ed by the committee in the list OF arti
cles 10 come in free'of duty. What has
been done IN those regards you have.
OF course, seen in the dispatches.
You think lead. then. will maintain
its present fgure7"
II think there is a fair prospect of
trade staying up all the year"
.'You are aware, Professor Holden.
that there is a good deal OF anxiety felt
in Utah and the west generally, over
the proposed reduction of the tariff on
wool. Can you say anything as to the
status of that question:"
L worked on the wool question in
the interests OF Ohio, which IS you are
- hOOA kIOHlDR state.
There need be no anxiety on that score.
Morrison favored reducing the tariff
and Hewitt favored it, but they were
ouSnum beIe9in the committee and he re
will be no cutting down of the wool
tariff oy Congress.
"What IS the status OF silver since the
recent vote in COngress?"
Il am of the opinion that the ulti-
mate result will be the passag of a bill |
for the free coinage of silver, and the |
storing OF silver bars in the United |
States mint, on which bars silver certi-
fcstes will be issued
The proposition advanced by the |
PldiadeaIsrP"
The same; the bill pl ed by THE
HERALD some time ago. Il may not |
be this session, but You NAV nut this |
down, that the great element in our
American politics next year will be /
this question Of free coinage, and | |
believe there will not be found Con 1
gresham who will dare 10 lift his
voice against the money of the people"
Free coinage, l suppose, would lift
the price of sllYer2
1t would, no doubt. The price of
silver however. you are aware, is regu-
lated in London. Not because they carr
s1y stock, but they arbitTa -ily fix he
price, so as 70 enable them 10 purchase
IN the United States sufficient to supply
the demand in India, for which market
q vast amount Is required every
wear. This silver they coin into
rupees, at a great profit. and
there they turn around and buy with
these rupees all the raw materials of
the country they need. The National
Bi-Metallic Association viii shortly is
sue pamphlet setting forth these facts;
read the last proofs just before left +"
How do you find business generally
in the eist2"
81 believe it is generally in a fair,
steady condition; labor is the only ele-
ment in business that appears to be un
settled, and believe that with the SUBJ
'ldence of the strikes, trade will move
along satisfactorily; think the trouble
n Chicago will have the effect Of hasten
ng a settlement. too, as the organized
F0rkmen-the American wOrkne.-
vii reco1 from associating themselves |
With any such forms of anarchy as ,
we're developed in Chicago. I do not
hink there will be any boom in /.
rade, but in Cleveland, Pittsburg, ;
md other places l had occasion
o visit, trade generally was being done
IN rls;ng market, the healthiest OF all
soDoltlons. The farmers are prosper
0es, ana prosperity with them means \
Prosperity ior the whole country: they q
have had fair markets and heavy ex- u
portations, and they have consumed 3
argely IN their turn. Pittsburg trade d
las received wonderful impetus from p
he use Of natural gas, and as il enables q
Ter to do without fuel, she has a great a
advantage. over other manufacturing e.
owns. The absence OF coal is making D
ier as clean CITY as Cleveland
Professor Holden appeared plunged
p 10 the ears with accumulated labor.
nd visitor claiming his attention at >,
his moment the reporter retired, thank -
az him Tor the expression of his views,
Inich coming from one Of his associ-
IONS and experience, will be of more
han usuai value with the business pub
c, and particularly that portion OF il 70
{ present anxiouSly engrossed on the :,
1olect Of the wool tariff q