New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-03-03
THE UOpgS or Tariff SMiSHEES.

mr. NOl - VI f-iH''
When the Democratic caucus ADJOURNED pU'i-
ness men who were longing for reliri ah" SP''
ulatolS who had something 10 sell were 'einp''"
70 believe that the Tariff bill Would ne h'ii'u
4 few Senators could not be placated' 1t was
said. and the country would ENJOY the upIli""S
influence of the Mckinley act Tor ut l'aSt ar
other year \ concerted effort 10 Stlm'Ia'e 'llS
notion was visible in Wall Street, anu acco'"
ing 10 reports. It was profitable 10 Soile N'"
ators But these bright hopes are iadlhG la''
II is now said that the Sugar Trust mas pee"
appcased, and will receive lis compensation loi
onormous contributions 10 the Democratic cam
paign fund that the Lead Trust suddenly man
fcstcd great activity when il WAS SaId 'li'i' l'''u
and all It's products would be on the lr'e hS''
but has now been satisfied; that III" hiShe!
Trust is also happy, and the combination 10 re-
sist the bill is broken. and Senator Brice u
quoted as saying that the prospect Tor plsSlhS
the bill is better than it ever has De'h. Ni'u
rally stocks and hopes Of merchants ana lhahu
facturcrs went up when the defeat OF the plii
was cxpected. Naturally. stocks and hopes
went down yesterday when the prospect OF It's
passage grew brighter.
business men and spectators would nave
been wiser If they had kept in mind the warn
ing Of The Tribune months ago that party ues-
potsm was very likely TO force through the
Wilson bill or some other equally injurious 10
industries When Senator Mcpherson stated
that he would have to vote for tn" Dill, though
II would do incalculablc harm To NrWr"rS'y
industries, thoughtful persons might nave
formed some idea of the intensity OF party le'l-
Ing about this measure. To Il great many Dem
ocrltic Representatives and Senators from
Western and Southern States the passage Oh
Notwithstanding bill has become Il matter
Of political life or death. Hence II * That no.
body can tell what will finally come ont OF the
Senate or the House. or the Conference CON-
mittcc. and vet the chances ar" larg" that some
Notwithstanding bill, in the main rs bad
rs the Wilson bill or worse. will finally be
passed under the lash Of caucus and Executive
dicfation. Whether it will contain this or that
provision rs 10 sugar wniskcy or an income
fax. is n subordinate question. The main thing
is that the bill WAS intended to break down The
Protection under which Northern industries
have Wonderfully proSpcrcd. Democratic Con
rrrssmcn feel that if they cannot tell their
fanatical followers at the West and South that
they have "rcpcalc1 the Mckinley act" and
relieved the people from robbcrics and mo-
nopolicS" they may rs well find for The Demo
cratic party place Of decent burial.
With the changes made day after day in the
schemes Of political managers ana Lobbyists
representing the various trusts. il is scarcely
worth while 90 treat seriously each report about
the latest decision or agreement. But tn" no.
ton that a 81 per cent ad valorcIn duty on
sugar would provide sufficient revenue. or
that IL would pass the House. appears par
ticuarly unworthy Of gray" discussion. 1t ~
still possible that the tariff .mashcrS may he
completely beaten and The Republicans will do
their utmost 10 bring about that most desirable
result: but It is too early 10 taxi" it for grant
81. either I'm speculation. in business or in po-
litica calculations.