The Somerset reporter., 1891-08-06
GEN ERAL,

Reports from all parts of the wheat
country shows that the enormous crop is
approaching the safety point
The Spanish reciprocity treaty has been
made public, together with the diplomatic
correspondence relating TO it.
A train with 20 passengers ran of the
track near Bellsire, Ohio. Fourteen peo-
pie were hurt, folr seriously and one
fatally.
Secretary Tracy states that he awarded
the contract for cruiser No. ID to the
Cramps because the Bath people could not
build the engines and could not complete
the ship within the contract time.
The latest reports from the cotton
largest ever know. The crop of last yeaI
was SO large as to depress the price to q
figure never before known.
While the price of wheat is advancing IN
Europe, the price of silver bullion is
scarcely holding its own, circumstance
which goes to disprove the assumption,
wheat and silver rise and fall together.
1t is tumored that Secretary Proctor will
resign and 60 to the Senate in place OF
Edmunds, and that Attorney General Mil.
Ter and Secretary Noble will probably &c
on the new appellate court bench.
As nearly as the censns reports can MAKE
out about % per cent of families in
America occupy mortgaged homes and OF
these the mortgages cover only 33 pei
cent.
The annual encampment of the Crane
Army !of the Republic at Detroit seems
certain to be one of the largest gat ering
of the Union veterans which has ever beer
held, and the proceedings will be watched
with interest by citizens in every section
OF our great republic.
The public debt statement issued Satur
urday afternoon shows the interest an,
non-interest bearing debt has decreased
II, 557 ,9O2 during the month of July. TIL,
aggregate amount of cash in the treasur,
is S75i, 19I ,G97.
While the wheat crop in this countr'
will be one of the largest ever harvested
1t Is remarkable that in nearly every othe
wheat-growlng country the crop is short
and, in several, a total failure. la India
which has exported considerable wheat
famine impends. In Russia many peas
ants are on the point of starvation, whit
in Spain and other portions of continent
al Europe the shortage is so great as t,
caue serious distress. England has
prospect of good harvest, but Englan,
csnnot supply bread for its own people.
If protection hampers our foreign
trade, as the free traders continually affirm
it Is singular that since 1860 under pro
tectiye tariff, our aggregate of export
and imports has increaeed from SG7S.
600 600 to 81 ,G47 600 600 or 40 per cent.
while the population during the same tim
has Increased only 100 per cent.
A writer In the New York Press hear
that reciprocity and the Postal Subsid
law have encouraged an American steam
ship line to give Mr.. Arthur Sewall, tn
great Maine Democratic shipbuilder, al
order for 1000 ton ship. This order,
the Press adds, may not change Mr.
SewalPs politics, but 1t will give his work
men healthy appreciation of the effect
OF reciprocity and shipping subsidies"
In 1850 was imported SOB, 200, 900 of al
forms OF iron and steel, and exporte
only So 300 900. In 1880 we importe,
only slG,50O,oOo and exported S29, 100,
600 Here is change in the balance o
the trade in our favor amounting to NOR,
than 500 900, 900 In ten years, and al
under the blightiDg influence of protec
tive tariff. After the "blght" has work
ed for another decade our imports il
these departments Will be insignificant.