Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1897-05-06
All in 1oO-cent Dollars.

CAi'eu states HAS not enough money
will be interested to know that the
money in circulation to-day in the Uni
ted States is nearly 40 million dollars
greater than year ago The treasury
figures show the circulation April /,
1897, to be 81 .669, 600, 694, and that of
April 1, 1896, 81, 52S, 1853.
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 chilly year all around for
the silver cause. The population of
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 100
million, to say nothing Of China with
her 400 million, which has gone a 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 a 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
If 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 It should be remembered,
however, that nothing SO unsettles
business as the pendancy OF tarln
measure affecting importations OF artl-
cles of all classes. The manufactures
lis 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 III Tue
manufacturing lines until the tarln
bill becomes a law, and without actiy-
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 a law, impose upon goods
coming into competition with them.
Until they knew 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 We're ordered
nrior to April /, and can thus come in
under the Wilson low rates. This
means that the country lis being so
overstocked with foreign-made goods
tn3L mOuluS Ua6GSt tS.Iu pSC tdAeCA SAAS
adoption of the DIngley law before
manufacturers viii lind a home market
for their products Tshis is the expla
nati@fa of the delay i'm the revival of
BUSINESS activity OF which some I'M
thinking people are complaining. Com
mentiss on this, the Washington Post
4Demoesatic) says: "It Ss an undesirable
fact that there has BEEN great I'M
nroyemeat in business since the cleo
tion. but nsople who expect complete
revival of business before the tariff
rates and schedules are settled are H.
sanely optfnaastic. Doubt as to tarin
schedules is always demoralizing to
manufacturers.
The Populists and the Lobbyists.
Tfse saddest lot of people in Wash
ingtSn just now are the Populisss; the
maddast lot are the lobbyists. And
when you get the saddest and the mad
Al,o II