The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-08-30
POLITICAL NOTES.

From the nature of the case political
economy concerns business. 1t is re-
markable fact that during all the time
that this country was developing it's
varied resources and capabilities, the
professors of political economy in nearly
all our colleges and universities were
lndustriously teaching philosophy di-
rectly antagonistic to such development.
Chicago Inter-Ocean (Rep).
The remarkable thing is that the voters
of the country have not seen as those
who have made the study of political
economy speciality. During all these
years the country advanced IN spite of
its bad economical policy.
Commenting on the United States
treaty with the United States of Colom-
bia made in 1916 (the country was then
known as New Granada) and the claim
of Colombia for damages under the
most favored nation clause, the st. Paul
Pioneer Press says:
1t would be consistent with the rec
ord of this administration to deliberately
put the United States in false position
and to submit to a demand for indemnity
made on frivolous grounds, in order to
throw discredit upon the reciprocity pol
icy which it has regarded with such
hatred. 1t seems incredible meanneSS, but
the foreign policy of the administration
IN other respects gives reason to think
it not improbable.
The trouble all arises from the recip-
rocity clause, of the Mckinley bill which
took it upon itself to ignore existing
treaties.
The nation recognizes that we have
new tariff which is a substantial inn
provement upon the Mckinley bill, and
the boom is already beginning.
If we need any confirma ton of that
fact we can find it in the confession OF
the Republican partisan organs, that the
sunshine of prosperity is once more
flooding the business horizon.-N. Y.
Morning Journal
All the signs of the times indicate an
immediate return of prosperity. The pre-
diction of evil if the Mckinley bill were
repealed will never be fulfilled.
In the stock market there are daily re-
ports of purchases for foreign account
This means that foreign capital, hither-
to withdrawn in fear, is beginning. to
seek investment here again under stlmu-
lus of renewed confidence 1t cannot ran
to send back presently much of the gold
we have lost.
The treasury already shows both a
gain in total reserve and an increasing
stock of gold.--N. Y. World Oem).
The good times are coming and when
they get here, which will not be long,
they will stay.
Every good feature in the new tariff
is a relic of the mutilated Wilson BILL
but the Gorman1Zed act that PRESIDENT
Cleveland now so happily and so wisely
refuses to sign will be launched as a
pirate-bark, the last desperate expedient
of "protectionists,, which an outraged
people will soon scuttle.-N. Y. Herald
Qnd).
The tariff bill that has just become
law is not so good as the original Wilson
bill but it is infinitely better than the
Mckinley bill And then there is the
future, and from that will come still
better tariff bills.
The apparent fact that business rel
vival of healthy proportions will run over
the calamity howlers in little While IN
spite of their most frantic e1ortS TO stay
it's coming should induce them TO race
about and turn in with their confident
neighbors to herald and hail its coming
misunderstanding has had it's day, now
let the calamity-howlers turn sensible
and become heralds of nope. Iney VIII
BE the happier for it and their neIghbors
will like them the better.-Philadelph
Times.
The calamity-howling will be drowned
in the hum of renewed industry conse-
quent on the passage of the new tariff
bill.
The confidlng people who expected a
great zeal of free trade at the hands of
this specially-endowed Congress, and who
md themselves burdened with much 'un-
constitutional protection, have a right
to be angry, but the great leaders of
Democratic thought should bear in
mind the fact that while this Congress
failed to give them the free sugar, free
coal, free iron, free barbed wire, ct
cetera, for which they yearned, it has
given the farmers free wool and the
whole country an income tax.-N. Y.
Commercial Advertiser (Rep).
The ''confiding people who trusted the
Democratic party have nothing to regret.
They will trust them again this fall.
From the Republican point of view it
is, aside from few vicious features like
the sugar duty and the income tax, not
a measure which ought to provoke pro-
found popular hostility.-St. Louis Globe
Democrat Rep.).
The chief reason that the new tariff
bill provokes Republican hostility, is be-
cause they fear it is the beginning of
the end of protectionism.
But if our voting were done under
truly representative system allowing pro-
portional representation everywhere to
all parties, there would be the strongest
possible lnducement for both minorities
and majorities to poll their full strength
in every representative district.-St Louis
Post-Dispatch Dem.).
Whether this would bring to the polls
that class of voters who stay away is
doubtful The majority of that class are
don't cares .
Still devoted to the theories Of by
gone day and still sectional in sentiment
1t is the Democratic party in the South
that is demanding the overthrow of the
policy which brought about the wonder
of the country which mark the past
thirty years as the most astonishing in
Industrial achievement in the worlds his