The Mena weekly star., 1896-12-30
TRIBUTE PAID.
The Interest Americans Pay to For eiEners on Bonds and Mortgages.
BIMETALLIsM CONFERENCE
senator Carter Thinks tsse Attempt Being Made in Congress wIn Acco zaplish Something-Tarin "Hearines"-
 Army KeorgazAxation BEn.

Aous tribute which the United States rays to other countries in the form of interest on borrowed capital is shown in the comparison of imports and ex- vorts- In the trade returrs for the II months ended November 30 1t appears that this country OK xported of all kinds of products Ssss, ,6s0. 309. The imports of every kind daring the same period were S629, ,B98,600. This should have Left a balance in favor eef the United States of Ss66.Cs6, 709. So 1t did on the same period 1here was exported from the United States sc9. .ea7. .S64 in silver more than was shipped in This excess ef silver exported mast he added to the balance of trade in favor of the United States for the Il months of the year. ThHt makes the halance argre- gate ScgEi8g4, ,573. Now in the settle ment with the rest of the world the United States should have received nearly Ss0a0oo, ,0oo in gold from Janu- sry to November 30 1t received only szs,4iS. .Sgb in gold mere than it export ed This should leave a standing bal ance in our favor of S250, 4si, 67s. But there Is no credit The Americans who went abroad in those II months used un some of that credit The freight bills charged by foreign ships made another hole in Tbe balance. But after allowances are made for both of these items there is still S15o coo, 900 of the h months profits which has remained abroad to pay the interest on Ameri- can bonds and mortgages held by for eigncrsA
 International Conference for BimetaIiism.
 WASHINGTON. Dec. %. Senator Car ter thinks that the attempt which is being made in this congress to ac- eomplish international himetallism will amount to something. "The com mittee recently appointed under Sena- tor Woacott's resolution" said he yes terday, has already outlined plan which is being submitted to senators and some members of the house. It proposes that the United States shall take the initiative in calling confer ence of European powers, and believe we can get the sanction of congress at this session. There is undoubtedly a sentiment in Europe in favor of inter- national bimetallism. It's extent is yet to be determined and it is proper that the first steps taken toward solving the problem shonid be had in the United States. We eau hardly expect any of the European nations to begin the work
 Tariff ~Hearings."
 WASHINGTON Dec. % The first of the 12 public hearings to be given on the revision of the tariff was begun in the committee of ways and means of the house of representatives this morn ing. Chairman Dingley presided and there was n pretty fuii attendance, though as Mir. Dingley has requested that the communications shnnld be in writing as far as possible, it is antici- pated that so-called hearings" will be in large part readings" Neverthe- less there were q number of leading chemical manufacturers present, the first day being devoted to schedule A, chemicals, oils and paints. and schedule II. spirits, wines and other beverages The first schedule only was under dis eussion this morning.
 The Army Reorganization Bill.
 WASHINGTON, Dec. 29. Members of the house military affairs committee who have taken occasion to sound Mir. Reed on the subject of the army reor- Tanization bill say he is favorably in- elined to the measure. With this dis position on the part of the speaker, the advocates of the measure are hope ful of securing from the committee on rules day for the consideration of the bill They believe that if they get 1t before the house it is certain to be passed.
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