St. Paul daily globe., 1891-09-01
GLOBE TOWER SHOTS.


The lead trust is going to reorganize under
Jersey charter, one of those flexible, back
and-side acting affairs that let a trust do
whatever it wants and assume no response
bility. 1t is evident that there wasn't such
q goldarned fat dog-skin, after all,' in the
protection to lead and oil, as the tr1st finds
that its capitalization at S00,0O0,000 won't
float, and is now going to cut it down two
thirds, or. probably, twice the actual value
Possibly, then, the trust will mercifuly let
the price of faxseed recover from its present
indisposition.
Fred Vanderbilt HAD the audacilyto believe
that it was the right of a citizen OF these
United States to buy what he wanted to any
where in the world, and so, wanting yacht,
and finding one to his taste which an Eng
lishman had built, ne bought it and brought
it home. When he entered the port of New
York the customs officers pounced down on
it as manufacture of which iron was the
chief component" and levied tax ON it of
S35COO When Fred gets through fighting
the imposition of that tax he will have a
keener appreciation of how much it is worth
to be citizen of this free and glorious re-
public.
Hurrah for the Mckinley bill A London
special says that il ''has killed the Importa-
ton of the cheaper linens, and manufactur-
ers are using smaller yarns and exporting
only expensive goods" Give it another
turn, Mac, and stop the smaller yarns from
coming, too. BY the way, tariff papers aren't
listing linens as one of the things whose cost
has been decreased by the tax.
Mai. Mckinley does not keep posted on the
doings of the treasury under "Calico Char
ley'' In his Niles speech he said that the
silver dollar had so cents of intrinsic value in
it and 20 cents Of ''the mere breath of con-
gress." The 20 cents is held in the treasury
for the protection of the dollar, he says. He
may not be aware, or he may conveniently
overlook the fact that secretary Foster has
procured from the solicitor of the treasury
an opinion that he can issue notes against
the seigniorage, and the absence of the usual
treasury statements leaves ground for the sus-
picion that the secretary has done this to
help him out of his ''pinch." But what be-
comes of the 2O-cent security?
Twenty cents of the silver dollar. McKin-
ley says, is the mere breath of congress-"
No wonder the buzzard on it is always
spreading his wings; he is trying TO get away
from the twenty scents of that breath.
The Minneapolis Tribune says that the
government coins the silver bullion into an
honest dollar. Mckinley says 1t is so
cents value and % cents wind. Possibly
there is no discrepancy here after all. The
Trb's honesty is fully one-ffth wind.
What delightful time Blaine viii have
now, negotiating reciprocity treaty with
the Congressionalists OF Chilli. 1t will take
him longer chase than he gave the Itata.
The New York Press tells correspondent
who asks why coffee hasn't become cheaper
since the Brazilian treaty was closed that we
have had free coffee since 1872, but il Brazil
should mol enter into reciprocal trade with
us the president would clap a tax of three
cents a pound on coffee from that country.
Then ''its coffee would probably have TO pay
duty Of three cents pound Why prob
ably?' Has the Press any doubt about it?
Did not Senator Edmunds point TO the coffee
tax as one that the foreign exporter paid? If
the Press does not believe that-and we do
not think it so stupid-then, as some one
would have to pay the tax, who would but
the consumer in this country? And if
the president should put the tax
on because Brazil will not trade with us,
wouldn'tit be another clear case of the prop
osition which Aaron is said to have made TO
Moses, and which as the rhyme is SILENT we
conclude Moses declined with thanks? Nc
Kinley reciprocity means, if you will tax the
goods we send you, we will make our people
pay more for what We buy of you. Chawm-
ing, isn't it?
1--WE Want the Truth is the caption to an
editorial in the New York Press. The article
only relates to the Park disaster; on any 9TH
er question the truth is the last thing the
Press ever wants or gives.
Balmaceda results now of indulging in the
big head. (All rights reserved
''The 'robber Mckinley tariff ana reclproc-
ity march right along" says the Inter Ocean.
Yes, and that is what is putting Secretary
Foster to his stumps.