The Republican journal., 1897-11-04


Democrats avoid discussing tariff or cur
rency this year is quite remarkable, espe-
cially in view of the fact that they made
silver theil chief issue only three months
ago.
Towne. Bryan, and the other silver
orators are still compelled to seek country
fairs in Arkansas and Tennessee as place
in which they may give vent to their sup
pressed emotions on the crime of '73.
There is a rumor at1oat, however, that
Towne proposes to talk silver in Ohio or
bust. Look out, Colonel O'Myers!
Evidence of business prosperity contin-
ues to be found in the reduction of the
number of business failures. Bradstreet's
Trade Review reports the number of fail
ures last week as only 1876, compared with
237 in the preceding week, 279 in the
corresponding week of last year, 269 in
the corresponding week of 1895, and $40 in
the corresponding week of 1893
ly be interested in the fact that the Au-
gust $500 importatons of wool under the
new protective tariff were but little
more than half those of August 1896,
under the free trade tariff then in opera
ton, and that the importation of manufac-
lures of wool in August, 1897, were less
than one sixth those of August, 1896, in
value.
Wheat has again dropped below the dol
Lar mark, to the great delight of the silver
ties, who cannot bear to See a bushel of
wheat worth two ounces of silver, when
only year ago an ounce of silver and
bushel of wheat were at the same price
The fluctuations of the white metal during
the wear are sufficient to prove the danger
OF attempting to make it money metal
on he plan of the Democrats of 1896,
The Canton, Ohio, Free Silver Club has
decided to abandon the Democracy and
east is lot with the P opulist party. This
club. which was denominated the ''Bryan
Free-Silver Club Of Canton. Ohio" was
one OF the strongest silver organizations
in the State last year, and an active sup
porter Of Bryans Presidential candidacy
Its remuneration of the Democracy and
transfer of allegiance t. the Populist
party is therefore the more significant
Free traders, who feared that American
manufactures would languish because of
The fact that the supply OF raw materiar'
was to be cut off by the protective tariff
law recently enacted, will perhaps be inter-
ested TO know that raw material for use in
the manufactures imported in the month
of August, 1897, under the Dngley tariff
law was 80 per cent. greater than in the
corresponding month of last year under
the Wilson law.
AT the risk of causing pain to the free
trade advocates who have insisted that the
adoption of protective system would de-
stroy our foreign market for American
fully called to the fact that tue expectation
of domestic manufactures from the United
States in the first month under the Dngley
law was nearly two million dollars more
than in the corresponding month of the
preceding year under the Wilson law
When to this is added the fact that the
Septe mber expectations of domestic mer-
chandise of all kinds were twenty millions
greater under the Dingley law than those
OF September 1896, under the Wilson law,
it will be seen that the dismal predictions
Of tue loss of our foreign market by the
enactment of protective tariff are not
being rapidly realized.
The October stateme Mt of the Treasury
Department shows that the money in
circulation to-day is, in round numbers,
500, 900, 600 i'll excess Of one year ago.
Curl usly, more than one half of this in
crease is in gold. The following table,
issued 10y the Treasury Department on
October LIST, shows the money in circula-
ton October LIST, 1897 compared with Oc-
tobel st, 1896:
Amt. in circu- Amt in circu
lation Oct. lation Oct.
Gold coin............ S528 o9s, 753 s47s, III 4eO
STANDARD silver dollars 57,145,77O 56,t IL l7S
Subsidiary silver. 61176,415 60,22o, 298
Gold cerltiCateS...... ;6,e98559 IS, 1861 80
Silver certjticates.... 3.i62O. 299 354, 431 474
Treas. notes, act July
IA, SO 80. 49,. 80. 89s16,063 s8,964.047
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