New-York tribune., 1901-07-28
SHARES FALL ON BOERSE.
ALARM CAUSED IN FINANCIAL CIRCLES
IN GERMANY OVER THE NEW
TARIFF BILL

Berlin, July 21.-The Boerse took a pessmistic
view OF the tariff bill and general fall in the
prices OF iron and coal shares resulted. The
"Boersen Zeitung." in its report, says
The view has prevailed on all sides that the new
bill would be fun OF danger for Germanys industry
and trade.
The "Lokal Anzeiger" says:
The Boersc no longer expects the commercial
treat ties will be concluded. and anticipates that the
export trade VIII be considerably hindered This
gether with the fact that duties the necessares
of life must cause higher prices precisely the
time when wage reductions are The order of the
day.
The "Lokal Anzeiger" further learns that the
members of the Bandesrath regard IT as certain
that the bill will pass that body in its present
form. and they expect considerable changes will
be made therein, especially Emperor William IL
desirous of new commercial treaties
All the morning papers devote much space TO the
Tariff bill The majority of the Conservative pa
pers give the provisions OF the bill with little dis
cussion thereof. the tone OF which is however that
the duties have only been moderately increased and
not so much so the agriculturists need but
that Count Won Bulow. the Imperial Chancellor
did his best. The 'Deutsche Tages Zeitung" con-
siders the increase in duties forth by the bin TO
be modest, and that foreign countries will breathe
more freely since its publication. Die POST
praises the wise moderation of the bill. which II
says. renders 1t acceptable abroad and at home
The Post inerprets the eighth paragraph as di-
rected against the United States. and says
1t gives the means to protect ourselves against
the high handed manner in which the Uni,ed States
mated against Under present conditions We were
matters because Caprlvi 1.-THE late former German n
Imperial ChancelorI literally threw away the
determination to insure ourselves place in the sun
In tariff matters, and we expect German manu-
facturCTs to agree thereto since many have suf-
tcred from the supercilous morality of Americans
in tariff treatment.
With regards TO the eighth paragraph OF the bill
being the best means for convincing foreign coun-
tries of the value of commercial treaties with
Germany. the Liberal papers emphasize the fact
that this Tariff bill comes at time when German
industries are already In the throes OF the severest
crisis and dat II can only cause new commissions
in the industrial life These papers express the
fear that the United States will adopt reprisals
upon German shipping. and they also point out that
Germany allies Austria and Italy. must lose a
large part of their German trade.
Even moderate papers like the National Eel
tung" confess that their worst fears about con-
cessions the Agrarans are not only confirmed
but exceeded. The National Zeitung" points out
that the Agrarans gained great advantages besides
those resulting from high duties through the abol-
tion of the present bonded warehouse privileges
grain and the abolition of the bill requiring cash
payment of duties. or per cent interest thereon
German Gazettes inspired statement to the efrecf
that the bill Is only tentative. and that the Reich
ing that the Government wishes moderation in
agricultural duties But information obtained by
Reichstag circles is that the Reichstag is more
bill ~ WIG
All signs indicate that heated agitation against
the b pewh With rbs rs ghy ra one answer to
papers point out the most recent evidence OF the
lions held in the Memel district in Which, tRs ceG
seryatlves lost about two thousand votes
about the same number In the Duisburg: :Rlhrort
aoed m the voa t6s benr aes July 2 ~ M o
IN the last three years