Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-03-19
DAWN OF A NEW DAY.
TARIFF. slMErALLisM. AND I'M
PROVED BUSINESS.
Era of Prosperity Promised by Re.
publicans In the Campaign of 1896
Has Begun with the Year 1897
Progress of the Tariff Bill.
Good Woshinuton New..

"a IGltOlI VI tuC IIOuSG SUllllllll0c
on Coinage, Weights aud Measures flu
o the immediate passage in the
House Of the Senate resolution author
izing President Mckinley to appoint
delegates to an international conference
and to call such u conference, IL neces-
sary. This shows that it is the deter
minatiOn of. the Republicans generally
to carry out the pledge Of the platform
of 1896 III reference to international BIZ
metallism. One OF the earliest subjects
taken up by the Republicans in the
Senate was this question and it is un-
derstOod that this was done after n con-
ference with President-clect Mckinley
and with his full approval and by his
desire. y bill was framed authorizing
him to appoint delegates to an interim
tiOnal bimetallic conference and to call
IL II necessary. 1t passed the Senate
without Il dissenting vote. 1t went to
the House Committee OH Coinage,
Weights and Measures, was discussed
and passed that committee without u
dissenting vote. The committee, how
ever. so amended it as to authorize the
President to appoint special ENJOYS to
endeavOr to bring about international
action on the silver question through
negotiation instead of through an inter-
national conference. should he think
this plan preferable. 1t is presumed
that the resolution will be taken up in
the House shortly and passed SO that it
will be practicable for President Me-
Kinley to appoint delegates or even to
call a conference, IL need be, very soon
after he enters upon the duties Of his
office. There can be no doubt of the
absolute determination of the Rcpubli-
can leaders in Congress and out of it to
carry out to its full extent the pledge
made by the party at st. Louis with
reference to u rc-establishment of a Use
of silver through International action.
Business Improving.
The promise of improved business
conditions which was made by the Re-
publicans during the campaign is being
kept even more promptly than was cX-
pected. 1t was not anticipated, of
course. that the mere election of Mcxin-
ley and a Republican Congress could.
even before Mckinley should be inau-
surated or the Congress assembled, i'm
prove business conditions materially.
But it seems that the mere confidence
which has come from this action has,
without waiting for the repeal of the
tariff law or the incoming of President
Mckinley, already had its effect upon
business. This is shown in various
ways by numerous reports of different
kinds from all yer the country, but
the facts are especially pointed out by
IL statement issued by the New York
Commercial Advertiser. which has can
vassed the country through newspaper
opinion and by other processes. 1t re-
ports that while there is no boom in
sight. nor any looked for. there is n
steady Improvement in business along
all lines. which indicates that good
times are at hand. indeed are knocking
at our doors. Factories and mills. it
says. are resuming i'll all parts of the
country. stocks of manufactured goods
are low and demands IL resumption OF
manufacture. Money is plentiful Mt
reasonable rates of interest. The gold
balance in the treasury has Il margin of
forty odd millions and heavy credit bal
anccs are outstanding in our favor
abroad. Exports continue in excess of
imports and fewer failures are occur
ring i'll 1897 than in the same period of
1896. Thus the Dawn of Prosperity
promised in the campaign of 1896 has
hegun with the year 1891.
Progress of the Tariff Bill.
The Ways and Means Committee is
moving slowly forward in it's work on
the tariff bill. 1t has formally an
nOunced that it will not be able to COM
plete the bill during the present session
of Congress and will probably not have
it ready for presentation until the next
Congress meets in special session,
which is expected to be about March
10. No determination has yet been
reached on the sugar schedule, but on
all farm products which have been
taken up and acted upon the interests
Of the farmers have been very thor
oughly protected. Mckinley law rates
have been restored in most cases, and
this seems to have been just about the
desire of the farmers. 1t is observed
Il NAASS ASUISSNAlaLllNC VI lit lslTlIl.
.ers who came before the committee, in
most 8 recommended the restora-
ton of the rates of that law, and this
recommendation has been followed as
far us possible. 1t has been suggested
that the committee in framing the
rates on sugar should give to the beet
sugar industry some greater encour-
agement than is given to cane sugar.
This suggestion is based upon the as
sumption that beet sugar is in fact an
'infant industry" while cane sugar has
been produced in this country for many
years and does not require the encour-
agement for its extension that the beet
sugar industry needs. While the men,
bers of the committee recognize this
fact and would be glad to extend this
special encouragement to the produc-
ton of beet sugar in the Northwestern
States where beet growing is practical
Bile they are finding 1t extremely diff
cult to devise any way by which it can
be accomplished. 1t is scarcely expect