The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-26


Gus. that fact may be regarded as evil
denca Of a purpose to make the delibera-
lions thorough and the result therefore
,be more satisfactory and lasting. How
ever private Views may diner as to tho
rolIcy of the measure, It was devised in
obedience TO the expressed wish OF a
majority Of the nation; and It's DIS
cussion was attended with the fullest
hearing Of both sides OF the opposite
interests concerned, At least, therefore,
The enactment OF the tariff law of 1897
must be accepted as the expression OF
The best Judgment Of the nation for the
time being, That judgment Is the only
constitutional means OF conducting the
affairs OF the country, and 1t should
therefore be Loyalty accepted and fairly
and patiently subjected TO the test OF
experience To those at least who APP
prove OF the policy OF protection, the
new Law presents one conspicuous tea-
lure for cOngratulation. il extends aid
10 many interests which have thus far
failed to receive the fostering care of
legislation and which have yet the same
poiittcai rights to Il as industries which
have been protected In high degree
for the last generation. II Is a matter
OF congratulation that these newly pro-
tected industries are more or less di-
rectly agricultural. II Is not small
matter for those dependent upon the
cultivation of the soil that the cattle
and sheep raisers, the fruit growers, the
sugar producers and the flax cultlvators
hn n
agement as has been given so generous
ly to the manufacturing and mining In
dustries. The direct tendency of this
fostering recognition will be to diversity
agricultural production and thereby di-
minsh the overproduction of cereals
from which the farmers have so acutely
suffered for many years past.
There can hardly be any doubt as TO
the effect OF the change In tariff duties.
The importing interests recognize the
fact that II is going TO be very difficult
10 bring Into the country an amount OF
merchandise equal to that which found
easy admittance under the Wilson act;
not only because the new duties are
higher but also because the Dingley
law il more sklllfully directed towards
the exclusion OF important classes of
merchandise. The manufacturers APP
preciate this fact and are therefore
moro confident Of their safety against
foreign competition; and having this
confidence they may be expected to UNI
dertake the resumption Of production
upon a scale which they would have
hesltated to undertake under the lower
duties now repealed on this account,
It seems reasonable to expect that there
will be. from this time forward. u much
more vigorous movement In our indus
tries than has been witnessed for the
last four years, which Is the one thing
up TO this point wanting to general
recovery Of confidence and n return TO
normal activity Of business. This fact
begins 70 have Its effect upon both the
Investment and speculative interests In
Wall street, and the stimulus can only
be expected to become more apparent as
the rccuperative tendency In manufac-
lures steadily develops,
Concurrently with this impulse TO the
manufacturing interests. comes very
important Improvement in the farming
prospects Of the country. The general
drift Of weather conditions is towards
The harvesting Of ample crops In good
condition. Winter wheat has been
gathered In excellent condition. and
everywhere It's excellent quality Is adj
mitted. a trustworthy Chicago au-
thority reports, as 10 spring wheat, that
no particular change Is apparent from
its hitherto good promise. THE wealth.
or has continued wholly favorable
Harvesting will soon begin in the south.
ern part Of the belt, with every indIca-
ton pointing to the probability Of
phenomenal rate Of yield. The little
complaint Of rust and other unfavor.
able conditions which have been mot
with recently, now seem TO be lost
sight OF. and there Is now little prob.
ability Of any condition arising after
this date that Is likely TO affect the
promised result" The yield Of the win.
tor and spring crops combined Is now
estimated at about 500,0OO.000 bushels.
In respect 10 the corn crop. one author
lily reports that, during the last three
weeks corn has made wonderful growth
everywhere" and another, 1.-THE Cincln.
natl Price CurrcnO eays,-"COrn has
made good progress under the influence
al favorable weather, and the crop Is
spoken Of quite encouragingly In spite
Of the backward condition, which
seemingly IL being rapidly overcome"
This, however, ls not the only good fca.
tnrc in the crop outlook. There is every
probability Of large foreign demand
Tor our surplus NJ cereals The worlds
reserve stocks N wheat have fallen TO
an unprecedented relatively low condlI
ton Argentina, Australia and Indin,-
usually important contributors to tbs
European consumptlOn,-nre threatened
with crops 80 deficient az 10 ncccssitate
their becoming Importers OF wheat or
Hour during the next few months.
These arc facts having n most Import.
ant bearing upon the future price Of
wheat; the moro 30 az the present ylsl-
Ole supply Of that grain IL now "a, 1000. 00g
bushels less than ycnr aeo, The price
NJ wheat Mt New York has ranged
about @ls ccnta during this week,
against GlH cents a year nEO. and yet II
would seem that considerably higher
hHufc1 may be reached az the season
progresses. These facts are Of the ut.
most value to the prosperity Of the az.
rcultural sections Of the country dur
WIG the next twelve months ana thCre.
tpfr to the business NJ the railroads;
ana, coming concurrcntly with tho stim-
ulaling effects NJ the new tariff they
assure measure Of commercial nctIy.
NY Hnrh nH we have not experienced
since 1892
Ihc largo volume of exports nRHurod
Wy th'Ec agricultural prospects. To.
Nstner WIN falling m In importa con-
lplu.nl on the advanced tnrin duties,
y,n hntdly fail 10 turn tho foreign OK.
unlnEcs IN our favor during tho fan
nlonths ana would not be- surprising
mould we witness extraordinary liza.
OTIS OF gold between now and next
, heretofore Europe has wnntr1 moro
WV anything cl0o olir gold, md tnkon
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