News and citizen. [volume] (Morrisville, Vt. ;) 1881-current, 1892-09-15

ton. To-Day Tue u0Ille Oi ALneIiCd
is honored and respected to a far
greater degree than ever before. The
weak and timid policy that has al
WAYS characterized our foreign policy
has swept away, and in it's place has
been a resolute tone, firm, without
clustering, and at the same time
digniied. Other nations have been
made to know that America has
rights, and having them proposes to
maintain them. Plainly, tersely,
vigorously he cut away from the
mystic phrases that have always
characterized diplomatic correspond
ence, and said to England, that the
Government would defend her juris-
dictional and property rights, re-
CARELESS of any action England
might take. He said to Chill that
an apology must be made and an
indemnity paid. 1t is true that his
language in carrying on the cores
pondence with Chill and England
may not have been according to the
diplomatic rules, yet it was plain,
easily understood, and somehow,
carried with it a force that gave the
governments of other countries to
believe that he meant just what he
said ed that for once the United
| Slater was in earnest in asserting
| her rights. Soon after coming into
power he found Il large amount Of
the Government bonds that could be
called in. They were bearing four
per cent. interest. The treasury
had a large surplus, but not enough
to pay all the bonds. The holders
of them did not want to let them go,
but he believed the interest could be
reduced, and it was announced that
the holders of the bonds could take
their choice-new bonds at two per
cent. or the cash. By this stroke he
called in large amount of the pub
lie Indebtedness and paid it off and
reduced the interest charge on a
greater amount, thus effecting a
very large saving. His predecessor
had distributed this money around
among the national banks but Presi-
dent Harrison thought it was better
in the hands of the people.
The treaties of Acknowledgements
ated under his administration-have
increased the export trade very
greatly, especially of farm products,
and promise still greater increase
during the coming year. All the ma
tions to the south and west of us
are now clamoring for our surplus
products, and the agricultural COM
munity of this country has never ex=
perienced such a year of prosperity
as was the last. By the operations
of the Mckinley law labor has been
better paid, and thousands have
found employment, while all prices
| have been reduced except on farm
products. Thenew life breathed into
trade by the operations of that law,
with its reciprocity features, has been
felt in every part OF the country. The
recognition of the services of the old
soldiers has been more complete than
ever before. Pensions have been
more rapidly paid than ever before,
while the work of adiudicating pen
sions has gone on at the rate that
has astonished the world. Thirty
thousand a month of new pension
certificates are being issued, and at a
way of salaries than ever before.
But, after all, the browning glory
of the administration is the passage
of the ship subsidy law. The bene-
fits of this new departure on the part
of the Government are Just now be-
ginning to be felt. America had
been practically driven from the
seas, all the ocean-carrying trade
being done by vessels under other
flags than the stars and stripes. Ac-
cording to the statistics of the New
York Produce Exchange, there was
one year, in that city, awaiting ship
ment 100000 bushels of Ameri-
can grain, and not bushel of it was
carried across the ocean in an Ameri-
can ship. The fact is, that it has
taken all the surplus grain of Ameri-
ca to pay our freight bills to foreign
countries. In other words, all that
has been received by this country for
grain has been paid back to the
owners of foreign vessels for carrying
freight. So the vast sum has been
lost to the people of the United
States; whereas, if we had had a
mercantile navy of our own the
money paid for freights would have
remained in this country and not
gone to enrich foreign nations, But
this is not the only benefit that will
result from this new departure AL
ready the ship-building industry has
been wonderfully revived, one ship
yard alone adding fifteen hundred
skilled mechanics to its workingmen
within six months after the passage
of the act. Statistics demonstrate
that during a period of thirty years
England paid $4,000 per ton sub
sides to secure the existence of the
vast feet that bears her flag to
every quarter of the globe. Her mar
thine possessions are valued at ST.
000,000,000. To put this vast sum
into ships $900,000,0 went to paw
for labor. England's ship-building
gives permanent employment, in the
construction and repairs, to 100000
men, while 100000 more of her citi-
zens are engaged in manning and
sailing the vessels so built. Some of
this great prosperity will now be
transferred to American workmen
and American sailors. Lines of
American built and manned steam
ships will be soon established with
all the South American countries,
China, Japan, Australia and even
with England. The English we're
quicker than our own citizens to see
the results of the passage of the act,
as shown by the comments of the
London Illustrated News. 1t said -
awe observe that the American
Senate has passed the Shipping
HBounties' bills. We may thus expect
| to see in the course of few years a
revolution in the American mercan-
tile marine, and it's former depressed
conditions will soon be a thing to be
wondered at. Hundreds of vessels
will promptly avail themselves of
the liberal scale of bounties and sub
sides provided in the bills, and one
of the most serious obstacles to a
thriving export trade will thus be re-
moved. Apart from every other con-
sideration, it will be browning
4 glory" for the present administra-
ton to have revived and put on it's
legs a tagging American industry ;
to have provided new and remunera-
tive employment for thousands of
citizens, and to have added enor-
mously to the commercial prosperity
of the country by the creation of an
extensive export trade. There will
be a revival of the American ship
building industry, consequent on the