The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1890-10-02
All Should Rejoice.

All SnOulQ ReJOlco.
The most important and far-reaching
legislation that has been enacted during
the past quarter of century, is the
tariff bill. 1t is especially important to
the South, and Virginia particularly. 1t
will establish the commercial and indus
trail supremacy of the United States
over all the governments of the world.
1t invites the South to an important po-
sition in the industrial affairs of the
nation. 1t will add millions to the
wealth OF Virginia and enhance the
value ten-fold of every acre of her iron
ribbed mountains. The proverbial
'booms'' which have startled the moss
backs from their repose, and evoked
from them predictions of dire
calamities, are but bubbles to that
which will come under the inspiration
of this great economic measure. There
is not public enterprise, which has for
its object the development of the re-
sources and the improvement of the
conditions of the State, that will not
feel the IMPULSE and spring onward UNI
der an assurance that the financial and
business structure upon which all trade
relations must be based, is now dOubly
secure, and must remain SO for a decade
at least. Confidence will prevade every
ramification of enterprise. New life
will be projected into every relation of
business. All avenues of trade, all
classes of people. will feel the pulsation
of fresh vitality in the assurance of
stability and permanency to our none
tafy system, as well as our industrial
future, because the principles and poll
cy which have brought the country to
wealth and prosperity have been crystal
lied into law, which cannot be changed
for half the life of generation to come.
1t rings out the glad news that our
American Congress has had the courage
and the craftsmanship and the patriot
ism to declare for an American policy,
that will place the American gov
eminent in advance, industrially and
financially, of all the powers of the
globe.
in this prosperity. Her marvellous
mountains of iron will become more
valuable than the mines of gold of the
Pacific slope. Every foot of her min
eral lands will have its value greatly
increased, and capital will pour In to
seize upon that which has lain dormant
for centuries to convert it into sources of
wealth and prosperity.
Improvement companies can conf
IDENTIFY go on with their projects with
the assurance that the future holds in
store results far surprising anything
heretofore realized There is to be no
relaxation. no cessation of the push and
adventure which have SO recently taken
be invested IN any movement which has
for it's basis the mineral resources OF our
section. Enterprise may discard its
timidity and doubt. for there is nothing
surer in the future than that Virginia,
and especially this part of it, is to forge
forward on the lines of industrial de-
velopment and progress with assurances
that could never before be vouchsafed.
The old stockings and drawers may be
safely emptied of their hidden treasures
to participate in the ''booms." for the
conditions which are now in reach will
return compensation such as was never
before realized.
We have, indeed, entered upon new
upon the most assuring facts and we will
reap the rewards as we address ourselves
with nerve and confidence to avail OF
the opportunities presented
Virginia has grand future before
her. and all should rejoice that the
American Congress has had the courage
and the craftsmanship to enact into law
a policy that must assuredly work out
the most splendid results for the Com
monwealth and all of her people.
As Mr.. Dingley, of Maine. stated, when
the passage of the bill was announced
ut will increase the prosperity of the
country admits of no doubt. While it
protects American labor, with one or
two exceptions it still reduces the aver
age duties below the rate even proposed
by the Mills bill. When the Mckinley
bill becomes law nearly so per cent. OF
the imports into the United States will
be absolutely free of duty. This will
give the country the largest measure of
freedom of trade ever accorded by
any tariff in this country. Even under
the so-called "low tariff of 1916 the i'm
ports free of duty were only 90 per cent
Under the tariff of 1883 they have been
3S per cent. Under the Mills bill the
free goods would have been only 40 per
cent, while under the Mckinley bill
nearly so per cent. of the imports will
come in free. 1t reduces the burdens of
the people while helping home indus
tries. 1t is a bill that not only reduces
the revenue about $6O,OOO.OO0 year,
but it also reduces the average rate OF
duty on all imports, which, of course, is
the true measure of tariff, from 30 per
cent. ad valorem under the present law
to 81 per cent, against 28l per cent. pro
posed by the Mills bill. And while doing
this the bill has been SO drawn as TO en-
courage the production and manufacture
in this country of more than 500, O0O,-
600 worth of goods and products now
made and produced abroad, and brought
to this country.
Visiting Manufacturers.
Last week number Gf manufact urers
in various lines, from Cincinnati, were
in the city to inform themselves of the
advantages of Staunton, as place to
remove their plants, or erect new ones.
They were shown around the city by
III. Erskine Miller, president of the
Staunton Development Company, John
McQuaide, of the Executive Committee,
and w. J. Perry, secretary. They were
much pleased with what they saw and
the prospects of the company and the
city.
Staunton il the most desirable loca-