Crawford avalanche. (Grayling, Mich.) 1879-19??, 1897-05-06

United States has not enough money
will be interested to know that the
money I'm circulation to-day in the Uni
ted States is nearly 14O million dollars
greater than a year ago The treasury
figures show the circulation April 1,
1897, to be 81, 069, O0O, 604. and that of
April 1, 1896. 81, 52S, 463.
In all the news from Japan about the
adoption of the gold standard there
is not word to indicate any COM
plant on the part of the people. The
Japs, who were pointed to by the silver
people during the late campaign as the
shrewdest business people OF the
world, are now adopting the gold
standard without murmur apparent
ly from anybody. Probably there are
no silver mine-owners in Japan. This
has been a chilly year all around for
the silver cause. The population or
the nations which have rejected the
silver standard In the past ten years
is more than three times as great as
that Of all those taking this step during
the ten years previous. From 1885 to
1895 the nations which adopted the
gold standard were: Egypt, Roumania,
Austria Hungary and Santo Domingo,
having an aggregate population at that
time of so million people. The nations
which have abandoned the silver stand
ard In the past year are: Bolivia, Costa
Rica, Chilli, Peru, Japan and Russia,
with an aggregate population Of $50
m RI Of
her 400 million, which has gone long
distance toward the adoption of the
gold standard.
The South and Protection.
The Democrats, when they want the
products Of their sections protected,
speak of the rates proposed as rev
enue duty" Nevertheless. they are
perfectly willing to accept the rates of
the Dingley bill, which everybody
knows and recognizes as thoroughly
protective measure. The Texans make
no objection to the Dingley rates on
wool, the Louisiana and Florida people
approve the rates on sugar. and those
of South Carolina applaud the rice tar
iff and want duty placed on cotton,
and so on through the South. In all
these cases they insist that the particu-
lar duty they ask is only revenue"
rate. Nevertheless they know that the
figures named are part of the protec-
tive system of the Dingley bill.
Prosperity Cannot Come at Once.
Members of Congress are receiving
complaints from various sections that
the business revival is not as rapid as
expected. 1t should be remembered,
however, that nothing so unsettles
business as the pendancy of a tariff
measure affecting importations of arti-
Giles of all classes. The manufacturer
is unable to enter intelligently upon
manufacturing operations, and the
dealer is utterly unable to place orders
with the manufacturer until the rates
of duty upon goods are determined.
Thus there can be no activity in the
manufacturing lines until the tariff
bill becomes law, and without activ-
ity in these lines the prosperity which
other industries would feel therefrom,
of course, cannot be realized. Manu-
facturers are all willing to know just
what rates the Dingley bill will, when
it becomes law, impose upon goods
coming into competition with them.
Until they know this they cannot enter
upon large manufacturing operations,
nor can business men give them orders
until they know what the rates on for
eign goods are to be. 1t is this fact,
and this only, which is retarding the
business activity expected under the
new administration, and those who feel
disappointed that it has not come to
the extent they hoped should take this
fact into consideration. When the fac
tories are able to start up at full time
with full wages the farmers and others
dependent upon the business which
comes from manufacturing activity
will feel the result.
Country Flooded with Foreign Goods.
Millions of dollars worth of for
eign goods still come into the New
York market every day. Importers are
still bringing shipload after shipload,
upon the claim that they were ordered
prior to April 1, and can thus come in
un0er Tie WI lSOu iOW idtcS. hio
means that the country is being so
oyerstocked with foreign-made goods
that months must elapse after the
adoption Of the Dingley law before
manufacturers will find home market
for their products. This is the expla-
nation Of the delay In the revival Of
business activity of which some I'M
thinking people are complaining. Com
menting on this, the Washington Post
Democratic) says: 1T is an undeniable
fact that there has been great i'm
proyement in business since the cleo
ton. but people who expect complete
revival of business before the tariff
rates and schedules are settled are in
sanely optimistic. Doubt as to tariff
schedules is always demoralizing to
manufacturers"
The Populists and the Lobbyists.
The saddest lot of people in Wash
ington lust now are the Populists; the
maddest lot are the lobbyists. And
when you get the saddest and the mad
dest people cooperating they make
some noise at least.
That Is what's the matter with the
statesmen" who are nagging Speaker
Reed because he refuses to appoint
committees in the House. The lobbyists
want committees appointed SO that
they can begin their usual work upon
Congress in behalf Of their various
4.