The independent. [volume] (Lincoln, Neb.) 1902-1907, 1903-08-13

tie news regarding affairs of this kind
is sent to the United States" The
North China Daily News of June IL,
which has just reached this country,
seems to be able to get the news, al
though our great dailies can't. 1t says
that the city of Manila is in the depths
OF financial distress, business is stag
rated and there is no better outlook
for the future. OF the $4,000 Ameri-
cans in Manila a year ago, over 5000
Rave returned to the United States.
Several local concerns have gone into
bankruptcy The Oldest weekly paper
has suspended. Branch houses with
their heads in foreign countries are
losing money The article concludes
with this sentence: prevalent cOndi
tons are indeed dismaying and the
most optimistic lose all courage" The
sum of it is that the $500, 100000 the
imperialists forced this country to in
vest in the Philippines, $20,00O,000 in
buying the people at 81 per head and
the remainder in killing enough OF
them to make the rest submit, is to-
tai loss. Beverage should make an
other speech and tell something more
about finding nugget of gold in a
Philippine creek.
The republicans declare that all our
prosperity is the result of the Ding
| ley tariff, but Wall street begins to
suspect that there is something wrong
with it for failures continue to in
crease and the price of stocks to fall
and that, too, when the Iowa idea"
has been abandoned and nobody has
| touched the tariff.
Last Saturday when the sleepy Phil
| adelphians tried to balance up their
looks they found that they had lost
| 6,754.230 by the slump in stocks.
This liquidation is not confined to
Wall street by any means and it is
bound to have an affect on the general
| business of the country.
Again has the interstate commerce
commission conceded more time to
certain railroads for completing the
| equipment of their cars with safety
appliances as long ago required by act
OF congress. 1t is matter of compul-
sion with the commission. 1t can do
nothing else. The delinquent roads
have not met the requirements of the
law, after repeated extensions of time,
and when this extension expires they
will ask another, and get it. That is
the way the railroads are controlled"
in this country.
/ Some of the western bankers are
progressing finely. In opposing the
asset currency advocated by little
Ecllles and Congressman Fowler, they
declare it "a Wall street scheme and
Use the same phrases that made the
| farmers alliance and the populists
famous.
Seven millions of the 10000 900 SPIN
dies in New England are idle on ac-
count of the corner in cotton and some
of the dailies in the east are beginning
to talk pop talk about laws to prevent
speculative deals in stable products
When the populists said those things
a few years ago, these same editors de-
iclared that they were anarchists and
socialists all in enc.
The trade with the Philippines has
. greatly fallen off during the last year
, Our exports to those islands last year
| amounted to only S4.0sS,677, while the
year before it was $5,O2S,677. The i'm
, perialistic plan does not seem to work
out according to the program. They
said trade follows the flag" The
whole archipelago is buying about
, $36,OO0,0O0 worth of goods a year, of
which we supply very small part
| and that almost wholly consumed by
our own people. That is a great way
to work up foreign trade! Those same
Americans who have gone to the Phil
ippines and purchased our goods there
: would have bought more goods if they
had stayed at home The .iea that
trade could be shot into a people was
one of the sublime follies of the i'm
perialists. The bulletins sent out by
,, the bureau of statistics cover I'D the
failure of Imperialism as far as II
is possible. That institution is simply
an annex of the literary bureau of the
republican party.
A little while ago the dailies wer,
holding up Schwab as a model to Thu
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