The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-17
POLITICAL POINTERS.

Inc pleasure OF Alr. BryanS Triumph
ant tour through Mexico will probably
be somewhat reduced By the news thai
wheat sold at Sl,O9 in Chicago last week,
The Cuban agitators have not been
successful In their effort 10 develop OPP
position or antagonlsm to President Me-
Kinleys Cuban policy as outlined In his
message, The Presidents calm, digni-
fled and intelligent presentation OF the
situation has been accepted and APP
proved by the public generally
Painful as the fact may be to the
croakers who are finding fault with the
operations of the Dingley law, there is
prospect that 1t viii produce surplus
during the present month, Its actual
earnings, emitting the sums received on
account Of the Pacific railroad sale,
We're, during the first half of the month,
just about equal to the expenditures,
and It Is probable that when the Decem-
her figures are made up they will bring
q New Years present of surplus for
the month Of December
Has anybody heard any complaints
from the hundreds OF thousands OF rail-
road men who voted for Mckinley and
sound money last year? The railroad
earnings, which have steadily increased
since the revival of prosperity immedI-
'htely following the election OF 1896, con-
tlnue to grow, the November earnings
OF lOi railroads showing an increase Of
twenty-onc per cent. over November of
the preceding year, being the largest
gain which any month OF the calendar
year has presented when compared with
the corresponding month Of the pTeced-
ing year.
Flnanciers who have worked them
selves Into a state of nervous excitement
over suggestion that compliance with
President McKlnley's recommendation
that national banks be required to re-
deem their notes In gold would cause
these banks TO make n run on the
treasury gold reserve, have probably not
noticed that the stock of gold held by
the banks Is now practically equal to
their outstanding circulating notes. The
October statement of the national banks
OF the country showed the outstanding
national bank currency to be $l9S 800 go,
while their gold coin, gold treasury GER
tihcates, and gold clearing house GER
tifcates amounted TO 95S9j,lO7.
The Mexican "financiers" who are
throwing up their sombreroa in honor OF
MIR. Bryan would probably be surprised
to know that the increase In money In
circulation In the United States since
Mr. Bryan's nomination. seventeen
months ago, Is double the entire amount
of money existing in the republic of
Mexico. The total money OF that coun-
try, whose financial system Mr.. Bryan
urges zig TO adopt. Is $lOG0O0,000, OF
which SgT, 100000 IL IN silver coin, $1,000, =
900 In gold, and $4,000 600 In uncovered
M ttrlNt1F tIl iDNTnu u nj tho
money Ia circulation IN the United
States since the beginning of the month
In which Mr. Bryan was nominated Is
$9l1, 359,33S.
Mr.. Bryan is doubtless enjoying the
attentions which he Is receiving from
the people of Mexico, and the evidences
of popularity which his advocacy of
their financial theories creates. But 1t
may occur to the people OF the United
States meantime that "lnancier" who
is welcomed with open arms by u people
whose system OF finance gives them
about one-ihMd the money per capita
that the United States has, and under
which the people are able to earn but
about one-third that which the work
men OF this country receive, may be a
somewhat unsafe adviser upon the at
fairs of nation so far In advance OF
that which heaps upon him such evil
dences of approval
The close and continuous study which
Bradstreet's Journal Is giving 10 prices
OF farm and manufactured products
shows continued growth In the price
of the products Of the American farmer.
Its statements have from month to
month shown steady advance in prices
OF farm products during the year. and
It's statement which covers the develop
ments of November shows an advance
in wool. oats, potatoes, peas. beans.
milk, corn, barrellCd beef. sheep. NUT
ton eggs, hops and other articles OF this
character, while there has been de-
crease In prices OF numbers OF articles
which the farmers must buy such az
print cloths, cotton sheetings. coffee,
and other articles OF this class,
Tho woot-growers OF the country. who
have sold their last years clip at large
increase over Wilson law prices, having
about exhausted their stock the wooden
mills are compelled TO look 10 the foreign
markets for an additional supply in
spite OF the fact that heavy importatlons
were made during the tendency OF the
Dingley tariff bill. Large contracts
have recently been placed abroad for
foreign wool, and II IL expected that
these importatlona viii begin early next
month and add materially to tho earn
inga Of the new inrlff low The manu.
raciurors OF wooden goods have been
running on full timo and over time since
the enactment OF the Dlnglcy law. and
this fact accounts both for the largely
increased price Of domestic woods and
the necessity for sending abroad for n
supply with which 70 meet The shortage
In domestic wools due TO the dcstruc-
tlon Of American 1ocls while the Will
Ron law WnB in opera tom