Middletown transcript., 1897-07-17
POLITICAL POINTS.

The gold Democrats are already in
dicating determination t, stand in
line with the Republicans against free
silver even though the new tariff bill
has not been framed on Democratic
lines.
1.-THE evidence / have obtained from
all sections of the country, from the
press, from callers, and from personal
correspondence, all points in one di-
rection, all actual improvement in
trade and manufactures. ."-Secretary
Gage.
American butler, under the recent
efforts of Secretary Wilson to make a
new market for it abroad, is finding a
ready sale in London. A single firm
in that city has just placed an order
with the Iowa State Agricultural Col
lege for all its butter, which amounts
to about 800 pounds daily.
The fact that Republicans do not
control the Senate is not reducing ac-
tivity of the administration in shaping
up its proposition for currency-re-
form measure. A message will proba-
bly, be sent 10 Congress asking that the
President be given authority to ap-
point commission to take up the mat
ter at once and recommend. plan of
action.
While the presence of several months
supply of bonded goods in the ware
houses of the country will largely re-
duce the earnings of the new tariff law
for the first few months of its existence,
Chairman Dingley and other tariff ex-
perts in Washington express the be-
lief that the new law will supply ample
revenue after this stock of "anticipa-
tory imports" is disposed of.
The wheat crop of the United States
is in most sections good and the pros
poets are for much better prices than
those realized last year. This will
make the calamity campaign which the
Democrats are proposing to wage
somewhat difficult, especially in Ohio,
Indiana, aud Kentucky, whose farmers
will realize probably S5,000,000 more
for their wheat than they did last year.
The fact that the antitrust PROPOSE
tion was not Incorporated in the tariff
bill does not mean that the Republi-
cans are going to omit its active sup
port. On the contrary, it will be
pushed as an independent measure at
once, the only reason for the failure to
place it in the tar # bill being because
of the delay in that measure which the
discussion of this proposition would
be sure to cause.
1--WE are able t. announce that En-
glands reply TO the United States mon
etary commission will be that the gov
ernment is willing to reopen lndia's
mints and make a further substantial
contribution to the rehabilitation of
silver by extending its use in England,
by increasing the legal tender of silver,
making silver the basis of notes, en-
powering the Bank, of England to use
its silver reserve, and that material
assistance and strong moral support
will be given to the object which the
United States and France have in
view. From London National Re-
view of July, 1897.
The stock exchanges of New York,
Chicago and other great cities are in
quite furry over the fact that the
Republicans inserted clause in the
new tariff bill proposing to levy tax
of Q cents per share on all purchases of
stock of q parvalue of 500 or less, and
also stamp tax upon all stocks is ued,
except by building associations and or
CARNATIONS of similar character. This
proposition, it is believed, will add an
average of million collars month
to the income of the Government and
is destined to be an extremely popular
and satisfactory addition TO the tariff
bill.
If the statement recently made by.
Editor Klett of the Argentine Repub-
lie in his speech in the Cincinnati
Chamber OF Commerce is sample of
the arguments upon which foreign
countries base their protests against
the tariff bill now pending, these pro-
tests will be of little avail. Mr.. Klett's
statements have been analyzed by some
experts in Washington and found to
be grossly inaccurate. His statement
indicating that Argentine wools were
being for the first time placed on the
the dutiabls list is found to be mac
curate and untrue, while the figures
which he quotes with reference to the
balance of trade between the United
States and the Argentine are entirely
dissimilar from those of our Treasury
Department. An examination of the
Argentine tariff shows also that his
statements with reference to the ad-
mission Of our products into his country
free of duty are inaccurate and mis-
leading.
Farmers who are feeling great in
terest in The production of sugar in the
United States will not be enamored Of