The Republican journal., 1897-11-04


ufactories are not kicking" against the
the effect of the Dingley law
The proportion of those who fail to see
the returning prosperity is estimated now
at something less than one fourth of one
per cent.
With only S153, 600, 900 of silver coined
by the United States minis last year the
silvertes cannot make out strong case
about discrimination against silver
Wheat has gone up again, but the ca lam
ityites have some consolation left in the
fact that the New England maclerel catch
is 60, 600 barrels short of that of a year ago.
Wheat, Silver, and Bryan! Last year
they all stood together, but they have
since parted company, though Bryan has
been trying to keep pace with silver in
its downward course
Parties who shouted for instant action
by the administration on the Cuban Ques-
ton now admit that the course of the
President was that of wisdom and di-
plomacv in dealing with this delicate ques-
tion.
The export trade of September was the
heaviest of any month in the year, and
was greater than in any September for
years. 1t amounted to S104, 69l, 705. gain
of over % per cent. over that Of the
September of a year ago.
Ii is understood that Mel ean paid Byran
for his silver speeches in Ohio in gold coin
of standard weight and fineness.'' This
was against McLean's principles, who
pays in silver and demands gold, but
Bryan was firm and he had the upper hand
1t must have caused Mr.. Bryan stitch
in his side when he went through Ohio
and noticed on all sides signs of prosperity
where last year he found the conditions
4ONCloOA, tou WHOlO uO plCulCltu ludC
without free coinage of silver no improve
ment was possible.
But little credit will rebound to the
Democratic editors who are attempting to
decry President McKinleys action in the
appointment of special reciprocity COM
missioner. In view of the Democratic re-
cord on reciprocity, their best policy
would seem to be to turn to other fields.
BradstreetS statement OF business con-
ditions shows continued healthy gain
throug bout the country. The bank clear
ings of last week We're nearly Is per cent.
greater than those of a year ago. The
business failures were also nearly third
less and the North American exports of
wheat were % per cent. more than a year
ago.
Mr. Bryan ''explains'' very satisfac-
torily, to himself, why silver has fallen a
fifth of its value since he was roaming the
country last year, while at the same time
wheat has advanced so per cent. in value,
but now and then he runs up against a
farmer who can't see through his logic.
1t is remarkable how some farmers CAM
be convinced.
According to the Popocratic arguments
of last year vote for Mckinley meant te
the farmer wheat at twenty five cents
bushel, but one for Bryan meant dollal
bushel for wheat and then every dollar
was to be worth two dollars, so that the
farmers were to be eight times as well of
with Bryan as with Mckinley for Presi
dent. All right as a theory.
The Official figures show that the golt
reserve increased nearly 100000 in the
first half of October, reaching total o
more than S150,O00, 1000. The reserve ii
getting so unwieldly as to cause the Treas
ury officials considerable annoyance. Th
is a novel sensation for the Treasury EN-
ployees whose experience in that Depart
ment dates from the incoming of Cleve