The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1897-06-18
The Tariff Bill.

The Tariff Bill.
That the senate of the United States
is not Republican body everybody
knows. That the ability of the Repub-
licans to pass tariff bill depends upon
the strength of the protective sentiment
among the Democrats and Populists is
conceded. The Republicans are in the
minority in the Senate. To pass the
tariff bill they must either have the
active support of one or more Demo
Gratis or one or more members of the
Democratic and Populist parties must
omit to vote against it. There is rea-
son to believe that the bill will receive
the support of at least one Democrat
and probably two Populists, if Senator
Kyle is to be classed as a Populist.
He is put down in the Congressional
Directory as an Independent. Senator
Jones, of Nevada, who has been classed
as a Populist for the past two years,
will, it is understood, support the bill.
and it is probable that Senator Kyle
will do so, or least not vote against it.
Senator McEnery, of Louisiana, Demo
crat, has indicated clearly his inten-
Republicans, in their caucus, deter
mined to put aside personal preferences
in regard to the various items of the
bill, each man submitting his proposed
amendments to the finance committee,
and afterwards, if necessary, to the
caucus committee, upon this subject.
They further agreed, much as they
might desire to enter upon general
discussion of the tariff, to forego that
undertaking for the sake Of economy of
time, and to press at every turn for
active, energetic work upon the sched-
ules of the bill, with the purpose of
getting final action upon it at the earli
est possible moment. Not a speech,
aside from the explanation which Sen
ator Aldrich offered in the opening day
of the debate, is made by the Repub-
made necessary in reply to the attacks
which the Democrats make upon the
schedules of the bill, as the discussion
progresses. Thus the public may un-
derstand that for the delay in the pass
age of the bill through the senate, the
responsibility rests with the Demo-
cratic party, who recognize the fact
that every days delay is postpone
ment of business activity and pros
perity, and that by this process only
are they able to create the dissatisfac-
tion which they hope may result to
their advantage in the coming elections.
One Hundred Millions Seek Investment.
The people who have been insisting
that the United States needs 'more
money" are puzzled to know how to
explain the fact that great railway Of
this country recently refunded more
than 100 million dollars of bonds at
three and half per cent interest, and
found plenty of money to take them at
that price. If the country really need
ed more money for general business
purposes, that which it has would not
be looking for investment to three and
a half per cent per annum.
No Halfway Policy.
Peru's abandonment of the silver
standard proves to be of the most rad
ical type. Detailed statements of her
action on this subject which have
reaced Washington show that not only
does she make gold the standard of
value but the act goes SO far as to pro-
hibit the importation of silver coin.
Even the product of her own mints
which have gone out Of the country
cannot be returned, except at one port,
where it must he melted into bars.
The gold production continues to in
crease both in the regions where mines
were in operation last year and through
the development of new gold fields.
Mr.. Otis S. Gage, formerly of Washing
ton, d. c., who has spent the past two
years in Ecuador, reports the gold fields
of that country surprising in richness
and extent the famous mines of South
Africa" Reports from Mexico repre-
sent that new and very rich gold fields
are being developed there, advices from
Texas indicate that gold mines are be-
ing developed in Wichita mountains,
and while the new processes which
are now being followed in the mines
Of Georgia and North Carolina are
making gold mining in that section
extremely profitable. Present indica-
tions are that the gold production of
1897 will exceed that of 1896, which
was the largest in any year in the his
tory Of the world.
The construction Of the new French
Transatlantic cable, which is to be laid
during the ensuing summer from Brest
to New York, is rapidly approaching
--ay