The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-12-10

pense oil the owners. an officer 10 resiue upcl
tho islands with power to Judge ana ANUS
Treatment Of the, employees II is ineycrs,as,bIt
our own jurisdiction without access to an,
aoysrnment officer or tribpnal for their pro-
Merch 8. 1901, with Belgium. France. Grea!
switzerland. the laws Of those countries per;
hitting to our citizens the benefit OF copyrien,
ssn. o sa tub S ssh tS he
special convention has been negotiated upon
this subject, which will bring that country
FINANCIAL AFFAIRS.
The general interest In the operations OF the
Treasury Department has been much aug
conflicting predictions which accompanied and
last Congress affecting the revenues as to the
results Of this Legislation upon the Treasury
sontendod that imports would SO fall on as to
leave tho Treasury bankrupt, and that the
prices Of articles entering into the living OF
while on the. other hand It was argued that
placing sugar on the free list, would be a di.
necessaries Of iIle including those most highly
would have larger market and the pr2ducts
OF the farm advanced prices; while tho Treas
meet the appropriations. including the large
ths stStYs Il tho direct tax and the redomD
into 81 to
n S Ehs CT eaxs sas
Q. general glance at the state OF business
throughout the, country will. think, satisfy
disappointed the evil prophecies Of. its oppo-
nentsand IN a lnrxe m ensure realized the hope
before. in the history OF the country has there
labor or the product Of one iarmed acre would
that enter into the living Of tie masses Of tie
people. believe that 9 full test will develop
gress Is very favorable in its average effect
upon the prices Of articles entering into COM
During the twelve months from Oct. !. 1890.
to Sept 30 1891. the total value Of our foreign
commerce Imports and exports Gombinedl
any year In the history OF the United States.
The largest in any previous year was in 1880.
whom our commerce amounted TO Sl.64713,-
aggregate by over one hundred millions. 1t
Is Interesting. and to some will be surprising.
1901 our imports Of merchandise amounted
to 1921. 71o21O. which was an increase OF moro
than s1l .O0o.OOO, over the value e the imnorts
SnasuaIIy large IN SntieiDstIon q tLs tarlir
the ten 's Years I from 1851 to is0 was sse
1saI. 522. and during the year ending Sept: 80.
III 5sls 4 annua' average was eAceeoea ny
ThG value q free ssn M during tse sxSye
1881 more than the value Of free imports dur
ing the corresponding twelve months of the
Of f5S IN the sns
percentage q merahandise admitted FREQ q
the first under the new tariff. was IS is. while
during the preceding twelve months. under
the old tsrit; the percentage was a4:27; an in
months ending Sept. 30 last. which covers tho
time during which sugars have been admitted
ehandse @ Free e duty is foSnd to ne
55.37. which is larger percentage OF free i'm
ports than during any prior fiscal year in the
statistics are full f Of qualification. The value
mouths enains Sent: 81. 1861. was 1928.
$s vSsS 3 sss!
times the average. annual increase OF exports
Of merGGh,andise for the preceding twenty
history Of # the Tie Increase I'm IN
HE value OF export. Of agricultural products
Was INT whie the increase in ' Tie
s Sas sSgattS Of manufactured products
EFFECT OF THE NEW TARIFF.
There is certainly nothing In the condition
Of trade foreign or domestic. there is certainly
siass 70 Suggest ee that the existing Tariff and
.he people or retards the commercial develop
S the %ond be bey
ion We're upon free trade basis: but It can
n n n pOntant mnnt nrnSanf
DRY. and that, too; lust when it was prophe-
ion for radical changes in tariff and financial
legislation cannot help but may seriously i'm
of 20 staSy IL IS
1 think. there are conclusive evidences that
ries which will. within u few years. give en- |
'loyment to several hundred thousand Ameri- |
%as In o ;t Se e
market Of the United States every. patriotic
tizen should rejoice at such result
hows that the total receipts Of the Govern
n ro% Wsss ss ,ss sea yssr w sna
he ' eXpenditures for for the same period were
IS ;:I64'i7o4d leaving surplus Of ss7.2se.,
The receipts Of the fiscal year ending Juno
90 and the oxpenditnres 140H.iHlO.0G0 For
@ sen rrs yshT ending Sns SO ssd t n. oet
enditures S44l.3OOE}3.
Under the law OF July Ia. 1890. the Secretary
{ the Treasury has purchased since Aug. -
nring the fiscal year 4S.303.113 ounces OF
liver bullion at an average cost OF 81. 045 per
unce. Tho highest price paid during the
car was S1.2U25 and the lowest $O.'#jSi In
xchange Tor this silver bullion there have
een issued S5O.571.i!S Of the Treasury notes
by tho act The lowest price Of
liver reached during the fiscal year WAS
O.:HE'6 on April ~ 1891. hut on Nov. the
iurkct price was only SO..H. which would
i've to tho silver dollar u bullion value OF IA.
ents.
Before the influence of the prospective silver
,gslation was ielt in the market silver was
'orth In New York about SO.355 per ounce.
he ablest advocates Of free coinage In the last
Congress- were most confident in their predic-
Ions that the purchases by the Government
rquired by the law would at once bring tho
rice Of silver to 81 2D20 per ounce. which would
inke the bullion value Of II dollar 100 cents
I'D hold it there. The prophecies Of the anti
liver men Of disasters to result from the coin
60, OF S2.OOo0oO per msnth were not wider
( the marx, The friends oi free silver are not
greed think. Hk to the causes that brought
noir hopeful predictions to naught. Some facts
re- known. The exports of silver from London
l-ihdin during the first nine months Of this
alendar year fell off over 80 per cent. or ST.
". $50, compared with the same months OF the
year. The exports of domestic sill
er bullion from this country. which bad aver
ged for the last ton years over $l7.OOO.UU.
ell in the last fiscal year to SD 797, 30l while,