Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1888-02-02
THE ENGLISH PRESS
REJOICING IN CHORUS OVER CLvELAND's
FREE TRADE MESSAGE.
HE HAS STARTED THE STRUGGLE.


them up with free-trade Illustrations.
Take, for example, his argument against
the wool tariff, and the farming class
lose vastly more by the increased price
of clothes than they gain from the en-
HANGED price of wool. This reads like
an extract from some old speech of Mr..
Bright'S. President Cleve-
land may say to others, therefore, and
think what he chooses, but he has pre-
cipitated the inevitable struggle between
free trade and protection in the United
States, and that is tantamount to say
ing that he is on the side of free trade.
l-GlaSgOlo Herald.
GIVEN ENGLAND "FRESH HOPE"
| A great sensation has been created
by President Cleveland's message, and
if the policy which it indicates be car
ried out, it will produce almost as much
effect in this country as in America.
The tariff reform which the President
recommends, goes as far, at least, as the
abolition or reduction of the duties on
raw material. Should Congress give eff
feet to this proposal, its immediate re-
! suit would be an enormous stimulus to
English industry. Iron, though pro-
duct of manufacture, is in one sense a
raw material, and the removal of the
duties on iron would stimulate ship
building in America and the iron indus
try in this country. The abolition of
the duty on wool, which the President
mentions, would also probably lead to q
great export of wool to America, and a
considerable rise in the price of that
commodity. For the present, the change
in the American fiscal policy will be
beneficial to this country, and the pros
pect of it has diffused fresh hope through
out business circles.-Dundee Peoples
Journal
WILL REPAIR ENGLAND's LOSSES.
The President of the United States
recommends revision of the tariff, with
view of allowing those raw materials
that now pay a heavy duty to enter
American ports free. This is great
step toward free trade. This
much is certain, that another fierce con-
test is impending in Amerca over the
principle at issue. If it terminates, as
it may be hoped it will do, in the direc-
tion of q relaxation of those imports
that now so vexatiOusly hamper COM
mercial intercourse between Great Brit
ain and the United States, we may look
to an impetus being given to our home
trade that will go far to make up for
the depression of late years.-Haddsng-
ton Courier.
MEANS "GREAT DISTRESS" FOR AMERICA,
"a GREAT BOOM" FOR ENGLAND.
1t may be admitted that large reduc-
tions in the duties ON imported manu-
factured goods would produce great dis
tress in many parts of the country.
Therefore American manufacturers are
encouraged to allow foreign competition
by the promise of an equivalent. They
are to have cheaper wool to enable them
to struggle to better advantage with
their rivals; and it is noteworthy that
the importations of wooden manufactur-
ed goods from this country into the
United States were greater in 10o4-5
than in the previous three years. The
President proposes radical reduction
in the duties on raw materials, or even
their free importation, as way of COM
pensating manufacturers for the sacri-
flee which they are asked to make. The
free importation of iron, coal and wool
would be great boom to British produ-
GERS; if it were accompanied with reduc-
tions in the tariff upon cotton, wOOlen
and other manufactures, the artisans of
this country would derive marked ben
eft from it. If once the United States
finds herself on the road to free trade, she
will hardly know where to stop. For the
principle which President Cleveland lays
down is really that no import duties are
iuStifiable which are not levied solely
for purposes of revenue.-IheS Scotsman.
PROTECTION TO BE SMASHED.
The Presidents message is expected
to make tariff reform the principal ques-
tion in the presidential campaign next
year, and there is certainly none upon
which the American people have strong
er reason for making up their minds.
Mr.. Cleveland is entitled to credit
for having spoken out and laid before
Congress without reservation the real
facts of the case. The stone now set
rolling will not stop until it has broken
the idol of protection in pieces London
Daily Ne,cs.
ROTHSCHILD ON MAKING MONEY.
Rothschild commonly ascribed his
early success in great degree, to the
following rules:
First combine three profits; made
the manufacturer my customer THAT is:
| supplied the manufacturer with raw
material and dyes, on each of which l
made profit, took his manufactured
goods which l sold at profit.
Second-Make bargain at once. Be
an off-hand man.
Third-Never have anything to do
with an unlucky man or place. They
can not get on themselves; how can they
do good to me?
FOurth-Be cautious and bold. 1t
requires a great deal of bOldness and a
good deal of caution to make a great
fortune.
A CoLORED boy fom Atlanta, Ga.-a
bright, handsome fellow-was sitting
the other evening in the Stewards office
at the Insane Asylum, accompanying
his rich voice with the sweet tones of
guitar. During pause some one asked
him if he knew Sam Small. "Yes," he
replied, 1--WE often hauled him home in
my hack, drunk. He got religion mighty
quick when he did get it. saw him one
night on regular tear, and the very next
thing knew he was travelling around the |
country with Sam Jones'" "St. Paul, too, |