The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1909-12-24

| much smaller than it WAS in the
recent chamber. If SO, the drift
toward socialism will be checked,
but tns Commons will have aAdls-
puted controll of the purse. 10
the meantime, the borrowings by
The British Government to bridge
over the gap between nsY and the
passage of the new budget promise
20 be smaller than were threatened
when the crisis came a few weeks
ago.
In New York the usual hardening
If money rates in the closing days
Of the year is taking place. The
railways and the great Serpo,stioas
are collecting cash to make, In tbs
nrst week of January, the heaviest
disbursements of dividends and
interest in all their hist ry. This
will mean tight money for the next
ten or twelve days, asd then the
rates are expected to drop. Washing
ton hewevsr, NO longer disturbs the
tnanciers. Fer the next two weeks
Cosgrs,s will be out of the way,
and no peril can come from that
quarter, even If any were threatened.
Congress and president are in
harmony, and each will dislike to
see the present prosperity disturbed.
There is good reason fer believing
that neither has any policy to which
legitimate trade can offer any
objeetion. Even the most bearlsb
of the Wall street houses 40 longer
make gloomy forecasts of coming
events in Washington. Paris tells
us that the attempt to list Steel
stocks On the bourse In that center
has been abandoned, but that
report has no influence on the mar
ket here. The listing of Steel, if it
had taken place, would have
sentimental effect only, and that
feet would be momentary. 1t
wosld add little to the prestige of
that stock, but the increase in the
volume of the sales which would
come through that source would be
imPerceptible. New York would,
as now, be the chief market for it,
and would set the price which the
world, if it purchased, would have
10 pay.
Nor do the strikes, or the
threatened strikes, sffer anything
which is calculated to materially
disturb the holiday spirit of the
community. The telegraphers'
strike On the Illinois Central, the
Yazoo and other roads has been
submitted to arbitration. This is
triumph for the government, as
chairman Knapp of the Interstate
Commerce Comm issien, and Labor
Commis sioner Neill induced the
parties to the dispute to make this
sort of an adjustment. The switch
aen's sttike in the Northwest is in
fair way toward amicable settle
| ment. No trouble between the
uainmen and the railways is
expected in the near future, although
day or tive ago the outlook was
squally. In the contest between
The American Federation of Labor
and the United States Steel
Corporation no change has taken
place since the federation, a few
days ago, declared war. As the
federation is attempting to abolish
.he open shop in the steel and iron
mills of that combination the result
can easily be foresesn. The
strickers will lose, as they lost In
their previous fights with the steel
men on that issue. Only in spots
is there any trouble in the labor
field and this is not sufficient to
hamper trade, except in the case of
the switchmen. St. Paul and
Minneapolis report that the roads
in their quarter fail to handle the
iraffic with sufficient celebrity to