The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1890-12-04
The Tariff and It's Effects.

OUTSIDE OF rev 7 Ork the increase was liz per
cent. These figures show that the increase
n the volume Of business was very general
throughout the country. That this larger bust.
ness was being conducted upon safe and
were 800 less failures reported in October, 1890,
than In the same month Of the preceding year,
with Liabilities diminished by about "a, 0CO,OO.
INCREASE IN EXPORTS
The value OF our exports OF domestic NOR.
chandisc during tie last year was over Slla.
COJOO greater than the preceding year. and
WAS only exceeded once in our history: About
lOo0OU0O,f this excess was In agricultural
products. The production Of pig iron-always
good gauge Of genera; pr9sperity-is
been l.3 per cent. greater in 1880 than In
greater Mining in coal has had no limitation
me
Is everywhere fully employed. and the reports
for n. t. the last year .. show smaller mum
outs than in any year since. 1854. the de-
preston in the prices OF agricultural products
had been greatly relieved, and baoyant and
people.
THE LATE TARIFF ACE
The general tariff act has only partially gone
into operation, some Of its important provis.'
ions being limited to take :efrect ut dates yet
In the future The general provisions OF the law
have been in force less than sixty days. Its
permanent eject upon trade and prices still
note that the advance in the prices Of articles
wholly unaffected by the torifI act was by many
hastily ascrioed to that act. Notice was not
taken OF the fact that the general tendency Of
the markets WIS Upward. from influences
wholly apart from the recent tariff legislation
The enlargement Of our currency by the silver
bill undoubtedly gave On upward tendency to
trade und had . marked effect on prices but
this natural and desired effect Of the silver leg
islation was by many enormously attributed to
the tariff act.
AUST HAVE FAIR TRIAL.
There Is neither wisdom nor iuSfice in tina
suggestion that the subject Of Tariff revision
shall be opened b .fore THIS law has had il far
ule is subje 10 objections. No bill was ever
framed, suppose that in all OF its rates and
ciasslhcations had the full approval even Of y
party caucus, since legislation is always
and necessarily the prouuct OF compromise
rs to details and the present law is 40 ex
ception. But in its general scope and ef-
Of those who believe that American legislation
should conserve American trade aud the wages
OF workinS-men. The mi,information as to the
terms OF the act which have boon so widely
disseminated ut home and abroad will be cor
rected by experience, and the evil augurics Us
to Its results confounu-d by the market reports,
the general prosperity Of our psople. Already
wc begin to hear from abroad and from our GUS
tom houses that the prohibitory effect upon i'm
portations imputed to tho act is not justified.
York for the first three weeks Of November
were nearly per e. cent g5easer thaa for the
than in the same period Of 1883. Ana so far
from being IN act to limit exports, I confident
~ be leve that under it we shall secure 0 larger
and more profitable participation in foreign
trade than we have ever enjoyed, and that
We shall recover proportional. participa.
ton in the oceal carrying trade Of the world.
SOUrH ATLANTIC AND GULF PORTS.
The South Atlautic anG gulf ports occupy q
very favored position toward the new and I'm.
portant commerce which the reciprocity clause
OF tho tariff act and the postal shipping bill are
these ports to some northern port of South
America will almost certainly effect u connec.
ton between the railroad systems Of the cunti-
nents long before any continuous line OF rail-
roads Can De put into operation. The very large
appropriation made at the last session for the
hArDor ut Galveston was justified, as it seemed
Northwest Will feel the advantage Of new trunk
lines to the South Us well US to the East, and
food products aad for many OF their manufAct-
ureu PRODUCTS
THE INTERNATIONAL BANK PRoJECE
had occasion in May last to transmit to
Congress report adopted by the international
American conference upon tie subject OF incOr-
poratioa OF an international American bank,
with view to facilitating money exchanges be-
tween the States represented in that confer.
ence. Such au institution would greatly pro-
mote the trade we are seeking to deve.op. I
renew the recommendation that careful
not think the powers granted should in.
clude those ordinarily exercised by trusts,
| guaranty and safe deposit companies,
or that more branches in the United
States should be authorized than ure strictly
necessary to accomplish the object primarily
IN view, namely. convenient foreign exchanges.
II Is quite important tuat prompt action should
be taken IN this mater in order that any upprO.
priatlons for better communications with these
countries. and any agreements that may BIO
maue Tor reciprocal Trade, may not be hlndered
by the Inconvenience OF making exchanges
through European money center o. buruenel by
the tribute which is AL incident Of that meLhod
OF business
RELIEVE THE SUPREME COURT.
The bill for the relief Of the Supreme Cour,
has, after many Yeas OF discussion, reached
position when tina. action Is easily attainable.
and it is hoped that any differences OF opinion
may be SO harmonized Us to save the essential
features OF TINS very important measure. In
mendation that the salaries Of the Judges Of
the United States District Courts be so re.
adjusted that none Of them shall receive less
than - 700 per annum
SPANISH AND MEXICAN LAND GRANTS
The subject Of the unadjusted Spanish and
Mexican .;nd grants and the urgent necessity
for providing some commission or tribunal for
the trial OF questions of title growing .ut Of
them, were twice brought by me to THO alten.
ton OF Congress at the last session. Bills have
been rep rted from tie proper committees IN
estiy hope that this Congress will put an end
to the delay which has attended tue settle
ment OF the disputes as to TILE between
settlers and the claimants under these
grants These disputes retard the pros.
perity and disturb the peace Of large
and important communities The Governor VI
New Mexico, in his last rep.rt to the Secretary
OF the Interior, suggests some moditicatN MS Of
the provisions OF the pending bills relating to
the small holdings Of farm lands. l commend
to your attention the suggestions Of the Secre-
tary Of the Inter or upon this subject
NATIONAL BANKRUPT LAW NEEDED.
The enactment OF Rational bankrupt law
still regard Us very desirable. The colstitu.
ton having given to Congress jurisdiction Of
this subject, 1t should be exercised, and uni
form rules provided Tor the administration of
the Affairs Of fnso:vent debtors The inconve.
nlenccs resulting from the occasional aud tenn
poraiy exercise OF this power bv Congress. uud
from the conflicting State codes OF insolvency
which come Into force intermediatcly, should
be removed by the enactment of simple. in
law. ~
INTERNATIONAL COPYRIGHT.
legislation atiorAing just copyright protection
to foreign authors on y footing Of reciprocal ad.
vantages for our authors abroad.
IN BEHALF OF TRAiNMEN.
It may still be possible for this Congress to
inaugurate, by suitable iegi,iat Oh, u move.
ment looking to uniformity and Increased safe.
~ In the use OF couplers and brakes upon
The chief difficulty in the way is to secure
agreement as to the best appliances, simplicity,
effectiveness and cost being considered. This
should be based upon full inquiry and impartial
tests. The purpose should he to secure the co.
. operation OF oil Well.d1spOSed managers and
owners. but the fearful fact that every years
delay involves the sacrifice OF 1000 lives and
the manning OF 10000 young men, should plead
needless delay.
WATER FOR ARID REGIONS.
The subject Of the conservation and equal
distribution Of the water supply OF the arid
regions has had much attention from Con-
gress. but has not as yet been put upon per
manent and satisfactory basis. The urgency
OF the subject does not grow out of any large
present demand for the use OF these lands for
agriculture but out Of the danger that
the water supply and the sites for
the necessary catch basins may fall
into the hands Of individuals or private
corporations and be used to render subservent
tho large areas dependent upon such supply
The owner OF the water is the owner OF tho
lands, however the titles may run. All unap-
prOpriated natural water sources and oil neces.
sary reservoir sites should b. held by the Gov
eminent for the equal use. at fair rates, Of the
homestead settlers who will eventually take
up these lands. The United States should not
In my opinion, undertake the construction OF