New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-15
IFrom The Tribune Bureau. ]

| [From The Tribune Bursau
Washington, June H.
THE FUR SEAL CONFERENCE.-THE
| indications tonight point TO satsia'.ois
| outcome OF the Fur Seal Conference "hl'i
has been in progress here FOR 'he iaS'
| month II is expected that at the rleetins
| scheduled for tomorrow the co'iie.
will reach a definite agreement ana ur""
up joint protocol or treaty WHEREBY tie
| pelagic sealers of Canada ana Japan VIII
| be compensated for their loss ana FIo-
| hihited from, further engaging in the taking
| OF seals on the high seas. CltZehs OF NUS
STA and of the United states are areauE
prohibited from engaging In TINS pracuVe'
II is nronoscd TO make the skins OF seals
which do not bear brand showing tha'
they have boen taken under the auspices OF
one or the other nations possessing sea-
rookeries contra brand and subject 10 CON
nscation The United States and RUSSIA
will contribute a material portion OF thel'
catches to Canada and Japan In compehsa
ton for the loss to which the Shippers Oh
those nations will he subjected by the pro-
hibition. one country which has not asreeu
to contribute anything TO the abolition Oh Pc
lagic sealing. but which VIII profit waterway
thereby. is Mexico. That country has smaii
rookeries on the Guadalupe Islands, not Tar
from the Bay Of San Sebastian. ana IL -
believed by naturalist5 that with peiasio
sealing abolished and proper federal super
vision over the rokeries, so that only super
fuous males viii be killed. the industry
will ultimately make handsome return 10
Mexico. Japan, too has small rooKerles
and will enjoy an opportunity to develop
the industry. although the rooNeries OF INC
United States are large than tho3s or any
other country
THE HUKUANG LOAN.-The signing by
the Chinese Minister OF the prospectus OF
the 10000 900 government loan when emma
is 10 make for the purpose of constructing
the Hukuang railway constitutes another
step in the direction Of the development Oh
China and another triumph for the dplo-
macy Of Secretary Knox. This loan, when
originally was to have been hoated ny the
bankers Of Great Britain, France ana Ger
many, will now he participated in oy
American bankers on equal terms-a result
which has been accomplished solely through
the foresight of Secretary Knox More
over. this country will share with the other
nations furnishing the funds for the con-
structiOn of the railway the trade IN sup
plies which niIl follow the negotiation OF
the loan American engineers Will also De
employed in proportion 10 those or the
other nations The participation or tNe
United States in this loan has been made
possible, too, by the generous attitude of
this country in welcoming the paruclpa-
ton Of all other powers in the SypooO,e"
which is to be employed TO reorganize the
Chinese 1scal system. In connection with
this IL is of interest that the United States
has no objection to Russia and Japan shar-
ing in that loan. although there appears to
lie some question as TO whether they actu-
ally desire TO do So The Hukuang loan Is
TO be issued at par and TO bear per cent
interest.
DEMOCRATIC TARIFF LEGISLATION.
The Democratic WOOL bill on inspection
reveals itself TO he another bungling piece
of legislation OF a piece with the Farm
ers' Free List bill. There are, it is real
lied, many defects in the wool schedule Of
the Payne tariff bill, a fact which will be
made manifest as soon as the report of the
Tariff Board on this subject becomes pub
lie. But the Payne schedule bears the evil
dence OF intelligent action based the
information gained at the hearings of the
Ways and Means Committee, inadequate
though that information was. The Demo-
cratic bill, in the words of a wool expert
who has carefully examined il, looks as
though il had been put together by a
| prentice carpenter" In effect, il makes
| reductions of the duty on wool varying all
| the way from one cent to five cents
| pound. and thus affords abundant evidence
I that those who framed il had no idea of
| what they were doing. The measure takes
the duty off products which can least stand
! the reduction and leaves il nearly intact
| on those which could best stand a reduc
| ton I'm fact the obvious blunders which
| have been made by the House committee
! are so numerous that il is, indeed. doubt
/ full if even those insurgent Senators who
voted against the wool schedule of the
! Payne tariff bill can bring themselves to
! accept the House measure. Senator La
| Follette's announcement that he will in
troduce a bill reducing the duty on woollen
! goods p per cent is taken 10 mean that
he will not accept the Democratic meas
ure. Despite the fact that the invcstiga-