The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1891-01-02
CONCLUDED
ABROAD,
THE UNITED STATES.

/
pleased to experience in the case of
sugar but in the closing weeks of
the year depression set i'll, marked
| by serious fluctuations in the money
market, accompanied 10y heavy fail
uIes in all directions. At the latest
gold supplies were being heavily i'm
ported from Europe, railway stocks
had been consolidated and thus quiet
ed, and it looked as if there was no
further danger of q general panic.
The nation was more at rest than
| for several years in labor matters.
There was a heavy falling off in the
membership of the Knights of Labor,
while there has been evident pull
luz together Of labor forces for Il
grand eight-hour struggle. A com
bination between the newly-formed
Farmers Alliance and labor organi-
zauons, first manifesting itself in
Kansas and neighboring States, has
spread to all points of the compass
and disturbed the old arrangement
Of political parties not little. This
is recognized as having been an i'm
| portant element in the political over
turnings of the fall elections.
The almost universal revesaal of
fortune to the Republican party in
the elections Is generally attributed
to the passage of the Mckinley Ia
riff Act, which although adding
largely is the free list has increased
the duties on many articles going
heavily into the nations industry
and trade. Tariff change cannot,
however, be successfully shown to
have been the onl Y factor in the po-
litical surprise. The new silver law,
compelling the monthly coinage of a
much larger amount of silver than
before, probably excited the opposi-
ton of the capitalists of Wall street,
while, not being in operation long
enough to prove its benefit to the
public at large, was perhaps mildly
di5trusted by other classes. Besides,
it cannot be left out of account that
the elections so far from the Presi-
Dental election year afforded an op-
portunity for Republicans getting
even with their party for all sorts of
private Sights or public blunders.
The fight against trusts has been
largely concentrated on the Sugar
Trust. A mountain Of injunctions,
counter-lnjunctons, judgments be-
low and judgments above, weighs
the matter down at the end of the
year, so that it is impossible to say
how it is coming out. An importa Vt
event in sugar manufacture has be +
the opening of the Philadelphia Su-
gar Refinery, by a company with
Claus Spreckels at its head and five
millions of capital. The Supreme
Court decision that liquor could be
sold in the original package in prohibi-
ton States caused much heart burning
in those States, land Congress has been
be5ieged to pass an Act restoring
State control of the liquor traffic.
Washington was shrouded in gloom
at the opening of the year, over the
untimely death of Secretary Tracy's
wife, killed in trying to escape from
the Secretary's burning house.
Louisville, the beautiful city of the
South, was wrecked by cyclone
with much loss of life Terrible
gales ragged in July, executing great
damage at many places. The steamer
Sea Wing capsized in Michigan,
drowning two hundred pleasure
seekers A Mrs. Woodwork fright
ened many weak-minded people at
Oakland, Cal, by dismal prophecies
of overwhelming foods. An Indian
uprising fomented by fanatics is now
causing trouble, but with the killing
of Sitting Bull, one of the leaders
and veteran mlschief-maker, the
end Of the trouble is likely near.
A new extradition treaty has been
concluded with Great Britain, which
puts an end to Canada and the Unit
ed States being houses of refuge for
each others swindlcrs. The Nicara-
qua Canal connecting the Atlantic
and the Pacific by short cut is be-
ing constructed under United States
auspices. Pacific cable communica-
tons have become living question
in national policy, fact in which
Hawaii rejoiccs. Commercial reel
procity with such nations as may ac-
cept the proffered hand of such fell
lowship is also made distinct issue
of the conutry's politics.
The neurology Of the year shows