Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1901-05-16
Assiatant secretarH Of State HilI


reached Washington, and Conger
got on his dignity also his ear. 1t
is understood that he told Mr.. Hill
that he would not resign, and that
unless he was nominated for Gov
ernor of Iowa, by the republicans,
the administration would baye to
recall him. if it did not wish him
to return to China at the expiration
of his present leave of absence.
That it doesn't wish him to return
is certain.
Mr.. Edward Atkinson, of Boston,
and Mr.. Byron H. Holt, Secretary
of the Tariff Reform Club, OF n.
Y, talked tariff reform before the
Industrial Commission in a very
convincing way. Mr.. Atkinson
started off by saying that not more
than five percent of the people we're
benefited by Il protective tariff,
while the other ninety FIVE percent
had to pay the bills He said he
believed the time had come for
complete revision Of the tariff
system that we ought to have free
raw material OF all kinds, and es-
pecially free wool and free chemi-
Gals; that there was nothing just
IN protecting the 10000 persons
engaged in sheep raising at the ex-
pense of all the other people that
the experience Of the Spanish war
had shown that we could collec' all
the revenue needed from d, zen
articles that lfrifT policy on free
trade lines won 4 increase rather
han lower wag because it would
siden the Amer can markets. and
sat the present commercial success
Of the L. S., had been attained in
spite Of the protective tariff, and
not because of it, and was due to
our enormous natural resources
and the inventive genius OF our
people. Mr.. Holt began by saying
1.-THE tariff ties the hands Of the
American people, while the trusts
rifle their pockets. d" He expressed
the opinion that the tariff was re.
sponsible for much corruption in
politics and that 1t was not chance
that had landed so many million
aires in Congress. He closed by
saying that Of the $l,279, 900, 600
stock and bonds Of the U. S. Steel
corporation (The Morgan Steel
Trust about 1900, 600, 900 was
water, and that,it was SO, was, in
his opinion, largely due to the pro.
tectiye tariff Mr.. Schwab, presi-
dent OF the Steel Trust also ap.
( Pearca before the ludugiripl Com.
mission. He made his trust out 10
be a great blessing, threw a few
bricks at the labor organizations,
and made slightly yelled threat
to reduce wages II the tariff was
taken of steel products
Elk Representative McAloer, Of
Pa who is in Washington on bust
ness, said apropos Of the recent
Wall street furry "a good many
years ago, when the craze for buy.
ing oil lands was on, ] invested
$4,000 to get in, as supposed, on
the ground floor. / found later
that bad been badly fooled, and
out Of my Investment, think /
saved eventually only about 800.
But | was entirely satisfied with my
experience. 1t taught me to keep
out Of speculation. No man has
any business in the stock market,
as the recent crash has demonstrat-
ed, unless he is thoroughly familiar
with the market, and not then IN.
less he has abundant means, 80
that he can lose all be ventures
without feeling the loss. In reply
to questions on his own political
future, Mr.. McAleer said 81
wanted to be reelected last year,
but having been defeated by in
famous methods, care hardly a
five cent piece one way or the other
as to another nomination. We are
greatly interested in the fate Of the
ballot bill before the state legiala.
ture, but | am afraid that the
majority leaders in Pennsylvania
y,nI;t;oo aro tor nell ,ot;nGal ILL