New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-11

left Santiago on July u. His successor srrveo
there July l, and on July Mr. Esan iea
the American Legation with drums beating sn
colors flying.
Four years ago. on July 10. Mr.. Egan reae'sf
Santiago and took charge Of the American Lpf
ton Many Things happened IN Chill Ask
then, and Mr. Egan was a prominent ngurtv
what going on.
He said that he might have had much pks |
anter time at Santiago II he had permitted pep
to have their way. but as II was he had MAJ
pleasant recollectons of his residence in Chill ri
has followed the course OF affairs in this county,
with much interest.
MANY echoes of the financial disturbance in tm
country reached me in Chill" said Mr. Egan La
evening. II think that the present state OF ahaln
IL largely due the fear that there will be amp<r
ing with the tariff. About one-quarter OF the pre-
ent trouble is due to the silver question. After ID
election In November the manufacturers. apprs
bending change in the tariff laws, began
tighten their business. curtaed their credits, ~
duced their stock and prepared 10 meet whateVa
contingencies might arise. Large bankers. who an
always the first to foresee commercial dange&
began to put on the screws The shortened crediu
given to the large manufacturers had their ehees
In squeezing the country dealers, while the STOP
page OF large credits by the principal banks IN hs
East shut down the safety-valves Of the sman
banks throughout the country. The country DahAs
could not get payment from the local dealers anu
the credit OF the local banks being curtailed o 'ne
Eastern banks, there nothing left for them Out
suspension.
II can give you n good example Of the pIesen'
state of affairs. A man told me to-day hA' :
certain manufacturer who had employed thou'a"1.
OF hands before the election had begun " wv
down everything connected with the estaoi'".
ment. and that he expected to shut down fo' wv
three years. -
What do you think Is the best way out Oh '"'
present financial difticulties?" was asked. -,
THAT is hard to tell" resumed Mr. Egah'
don't any remedy just now The Demoo'"
party is pledged 10 its platform of tariff for re'ehu.
only. Great numbers OF the workingmen' VIM
prosperity largely depended upon a 'pro'ee"s
system. decided to for free trade. am ai'a '
that they will get large dose Of their OWN '''''
cine -
you ask me what effect the financial con'''o"
OF the United States has upon south A n
countries. The fall OF silver has. In a hea'
had its effect upon all the South American So :,
Chill has a paper basis, yet the depreciauo" '.
silver has had its effect there In South Ame''.e
there has been an increase in the price Oh Wv
ported articles. and there has been no i1 a..
in Incomes. salaries or wages 10 fhee' Wv
creased cost OF imported articles LIN.
Mr. Egan took from his pocket two SILVER eo'.s
of the same size. one had only recehuS 80
for wear This bright COIN said Mr.. E Ssu;
us n silver sol 1t is worth q pence, OF as This
~ cents. Just about as big and as th'ch d. 49,
American dollar. Isn't IL? -, 49,. should
I'm the present financial depression We smsri.
try increase business with the soutn sments
can countries We should study the requiree I,sh
of these countries just as German ana Ensa aSo
manufacturers do. 1t was only a short tim,e
that the Gillian Government wanted locoInou.sS
for its railroads. | requested the GovernmsSh s
to file specifications for the locomotives Nun shs
legation at Washington. The result was Una. WV
contract was awarded TO an American n ~ ',,,4as
For the next two weeks Mr.. Egan VIII u,,
HIS time between New-York and WasnihsSc..h
He will then return to his home at Lincoln NV