Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1894-09-27

lection Has Done for Farms and Homes
Fired Butt End First-Some Interest
ing Facts in Brief Paragraphs.
An Example of Democratic Reputation.
In discussing the question of repudiat-
ing the contract made between the gen
eral government and the sugar growers
of the country. the New York Press says:
Upon what basis do the bond issues
and the paper circulating notes OF the
United States government rest? Upon
nothing but the pledges given by Congress
that they will be paid or redeemed in ac-
cordance with certain plainly defined con
ditions. Without these pledges and With
out perfect confidence among the people
that the contract thus made will be eN-
actly fulfilled. the bonds and notes re-
ferred to could have no more value than
pieces of blank paper. One pledge thus
supplied ought to be no more sacred than
another pledge from the same source. A
promise, given in an act of Congress, to
do a certain thing cannot be Wllltuliy
broken without exciting juStihable APP
prehension that the bad faith thus DIS
played in one case may be manifested III
others. A Congress and president capa-
BILE of single act of reputation may be
regarded as capable of any such act; and
surely nothing could be more likely TO
shake the public confidence in the general
credit of the federal government than the
wanton violation by one Congress OF
contract solemnly entered into by pre-
ceding Congress.
In the tariff act of 1890 it was de-
clared that bounty of cents pound
should be paid to domestic sugar growers
during Il period beginning with July l,
1891. and continuing until July l, l9oo
The act also provided that higher duty
upon tin plate should begin on July l,
eft
|, 1897. Accepting the assurances thus
given by the highest authority III tne
land. millions of dollars were invested III
the production of beet and cane sugar
and tin plate The action of Congress
and the enterprise of the citizens VINO
engaged in these industries represented
Il most cOmmendable attempt to diversity
American industry and to move the nation
toward independence of foreign countries
for necessary articles of large consump-
ton The attempt has succeeded almost
beyond expectation. and the lower prices
of both sugar and TIN plate Sn9" tn 1i'
there was warrant for the belief OF the
authors of the law of 1890 that the cost
of the undertaking would be fully repaid
to the country.
Eleven years before the sugar con-
tract has expired and three years before
the conclusion of the TIN plate contract
a Democratic Congress mas repudiated the
engaged in these two Industries, and has
done SO in such manner as to threaten
both of them with determination. Mr..
Cleveland. in his letter to Mr.. Wilson. de-
scribed the bill, which he did not dare
to veto, as representing 'perfdy and dis
honor The term is an apt one: Dut
filled as the measure is with lnlqulty or
the most various character. it contains
nothing more pertidious. nothing more
dishonorabe to the men who voted Tor
it. than its betrayal Of the Americans
who ventured their money III the manu-
facture of tin plate and the production or
sugar upon their faith in the solemn
promises of the government of the United
States. To repudiate the public debt
would have been no more scandalous ana
indefensible'
Russian Barley Completes with the Amer
lean Product Under the New Tariff
That the barley question is becoming
an important factor in the present cam
naipn will be seen from the following artl-
Gle taken from the Sentinel:
we are getting it in the neck from an
unexpected quarter said Il malt manu-
facturer and barley dealer yesterday;
Who would have thought that we Would
have to face the competition OF Russia:
Canada was the only point from which
danger was feared, yet Il firm on Change
ia offering 300 900 bushels of Russian bar
lev for sale Three new cargoes OF Rus
sian barley are on their way to this coun-
try, two to New York and one to Baltl-
more. The barley is delivered to New
York at SO cents a bushel without duty.
and the duty of 30 per cent. ad valorem is
based on a valuation of 30 cents per
bushel certified to at the port of shipment,
in Odessa Thus the Russian barley is
sold in New York at Al cents bushel.
The market price of American barley in
NTu,r,,rI-no FROM, "A to ~ n
bushel. and the only possible consequence
can be fall in the price Of the barley
produced by our farmers. 1t is argued
that the Russian barley is OF an interior
grade and could be used only as Il substi-
tute for corn. the crop of which is short.
But if the American cattle are to be fed
on barley why should the American bar
lev grower not derive any benefit from
it? Besides. the barley brought to Amer
lea from Russia is the same which is
used to a very great extent by the brew
ers in Germany, Austria and England.
use it to IN extent sufficient to reduce
the demand for our home barley. Again.
the difference between the cost of the
Russian barley in New York and our Wis
consin barley at the same point is fully
II cents. That will enable the Russian
barley which they send to America; that
is, they will send better barley, although
the consular agent at Odessa will testify
to its costing 30 cents Il bushel.'
In a barley circular. issued by the we'll
known firm Of +. T. Bacon & Co. of Mil
waukce and dared September ID, is the
following important announcement:
Commercial papers have recently pub
lished reports of Russian barley being
sold in New York. but have been uncer-
tain about the correctness of these re-
ports We are now able to state that a
sale of this barley was made during the
latter part Of last week by Milwaukee
export broker to barley dealer of this
city of III 900 bushels. to be shipped from
Odessa, Russia. and delivered in New
York at As cents. including the duty.
which is about 10 cents per bushel The
barley is of good mailing quality. being
plump but somewhat stained and about
the quality of Milwaukee No. ; barley"
Here we have then. so soon after the
Of th1> Hon, liz.