Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1901-06-28
WASHINGTON NEWS.

w 1AA@AAAA ~ CAA 49, ~
State Department officers are
feeling somewhat pessimistic over |
the fresh causes for trouble found /
in the recent retaliatory moves Of |
Russia for the imposition of the
countervailing duties on her sugar
and petroleum. 1t is feared, too, /
that vexation will arise over the
discovery that Italy also pays
bounty on sugar produced and
that it may be necessary to enforce
the countervailing rates against
her. The State Department real
ICES that the law in the case is
mandatory and that Secretary
Gage could do nothing but obey
it, but still regrets the possible
alienation of Russian friendship
on this account, especially at this
time when Europe is 50 FESTIVE un-
der American competition in all
lines of business. 1t is pointed
out that while it is i'll the highest
degree improbable that the con-
cert of Europe could ever get into
accord sufficiently to discriminate
uniformly against our goods, still
they are almost ripe for number
of individual tariff wars. in which
each county would hit the Aneri-
can product that it dreaded most.
It is said at the Treasury Depart
ment that the imposition of a duty
OH petroleum was not matter
within the discretion of the Secer-
tary of the Treasury, but was made
mandatory by the Dingley tariff
act, which directs the Secretary, i'll
case any foreign country imposes
a duty on petroleum imported from
that county. As Russia collects a
duty a on petroleum imported from
the United States, this government
in compliance with law, imposes Z
duty on Russian petroleum. II
no sense, it is said, can this duty
be regarded as an unjust discrimi
nation against Russian petroleum
as that county took the initiativ,
against the American article. HaC
Russia not taken this step, he
petroleum would have been ad
mitted to this country free of duty
under the terms of the tariff act
Senator Plat of New York ha,
announced that he will retire from
the Senateat the end of his presen
term and possibly before that date
Mr.. Platt is getting old and feeble
and does not feel equal to the strai1
of his present duties, despite tn
} fact that his intellect is as stronj
5 and his mind as unclouded as ever
His retirement opens up a numbe
of interesting gasetions III politics
He is said to have picked GOverno
Odell as his successor and it is be
lieved that his selection will G
| through. 1t is not believed tina
Mr.. Odell has the slightest idea c
> becoming President. Odell is a
modest as he is level headed, an
he is too good a practical political
I to believe he is in the PresidentiS
. class merely because he was cleo
: ed Governor at a Presidential elet
. ton. That Odell may be favorit
candidate, however, is believed to
we'll within the range of probabil
: ties. Plat, it is said, could nC
d afford to have Roosevelt in til
t White House at any price. II
: probably will insist on carrying ii
delegation to Odel., if it can
done, for the express purpose
I defeating Roosevelt. There is ais
a a story ahoat that if Odell become
e a candidate, Senator Plat will pla
II up Thomas B. Reed for the En-
pire State S choice for the Presidet
cy. The former Speaker has bee
$ a resident of New York for son
time now, his nomination won
be entirely acceptable to the lar.
IF business interests, and his name
/ still one to jugg1e with. Indee
. it is said that when Reed resign,
his seat in Congress- to practi
/ law i'll New York City Plat pr
20 missed him the delegation of Il
rs Empire State in 1904 if things we
l. favorable. Reed and Plat ha
always been on excellent tern
and with the assistance of Ou
y would make a strong combinatic
1e Mr.. Reeds friends say he is real
III out of politics, but he always low
,e politics, and it is believed he won
=, be strongly tempted to make t
- race for the Presidency once me
w if he could be assured of the seve
ty-eight votes of New York as
Sc starter for the next Republic
Il National Convention.
= The most wonderful fiscal We
3 in the history of the United Stat
E will end on the goth of this mon
v, During the last twelve months
is United States has enjoyed a f
of eign trade, counting both expo
- and imports, of about 81, 1885,
900. These tremendous fgur
III almost too vast to be broug
n within the consciousness, exec
by 500, the totals of t
,r- preceding year. In other wor
r. the foreign trade of the Unit
- States has during the past y,
ns gained $7,5oo,ooo a month oy
IS that Of the preceding year,
KS though that was generally 81
he posed to be near high water ma
.ra The exports for this year will
about 1900, ooo,o 900; an incre;
IL of 500, 900 900 over 1890. I
xt imports will be about S835, oc
ID. ooo, a loss of $40, 900, 900 or ST., oc
ad 600 from 1900. The final fgu
= for this year will show a bala1
of trade in favor of the Uni
ne States amounting to about SOC
a. ooo, 900, against balance OF. $54
to for the year ending June 80, 10
itv The greatest balance of trade