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The Midwinter Fair, San Francisco, is op...

The Midwinter Fair, San Francisco, is op... image
Parent Issue
Day
19
Month
January
Year
1894
Copyright
Public Domain
OCR Text

The Midwinter Fair, San Francisco, is open Sunday as on other days. _ John Henry Gear was elected United States senator from Iowa on Tuesday, to succeed James F. Wilson, whose term expires March 4th, 1895. Governor Gear received 17 votes in the senate and 77 in the house. The democrats voted solidly for Horace Boies. The marriage licenses of Hillsdale county show a falling off nearly five times greater than the falling off in Washtenaw. The republicans raust have scared the young men out. Thus is the much vaulted republican protection to home industries shown to be only a delusion. The JvJssachusetts Institute of Technology has recently established a course of study in naval architecture extending over four years and leading to the degree of Bachelor of Science. The theory and methods of devising and constructing ships and the properties requisite for safety and good behavior at sea are subjects occupying prominent places in the course of study. Mr. Carnegie seems to be surprised that a measure as favorable to protection as the Wiison bilí could be secured from the democrats, and he advises the republicans in Congress to turn in and help pass it. He argües that as the bill is a democratie measure that party would be estopped from attacking it and the question would be taken out of politics for a number of years. He has evidently read the handwriting on the wall and believes that the era of extreme tariffs has passed. The Saturday Review, a leading John Buil publication, in a recent article alluded to the World's Columbian Exposition as a "local show" and a "fizzle," and individualized its promoters and managers as "the ignorant millionaire, the grain-man, the pig-man, the bust dude, the Irish politician, the anarchist. " Well, this is good, very good. Local show! But everything we suppose, beyond the confines of their puny island is local to these belated Druids. Evidently Byron's characterization of John Buil is still pat: " The H-orld is a biy load of hay: Mankind are the asses that pull; Baoh tuss in a different way- Hut the grearest of all is John Buil." Our protectionist friends are fond of saying that the present wool prices are on a free trade basis and pointing to the recent fall in prices of that comrnodity as an indication of what may be expected all along the line should a policy of tariff reform be adopted. It should not be forgotten, however, that the AlcKinley bill is still in operation, and that the reduction in wool prices, brought about through the combined efforts of the buyers to line their own pockets and the protectionist press and calamity howlers in general to embarass the new administration and thereby prevent, if possible, any reduction of the tariff, is not greater than that which followed from the time of the pas sage of the McKinley bilí until No vember, 1892. Was this cheapen ing of wool under the McKinley bilí also due to some remote an unforeseen prospect of free trade? The report from the bureau o statistics for December shows an enormous balance of trade in favor of the United States. The exports for the month in round numbers were ninety-three millions and the imports fifty millions. The exports for the vnonth were more than seven millions greater than during the corresponding month last year. and the imports were twenty-three tniliions less. During 1893 this country ex-1 ported seventy-nine millions of gold and imported seventy-two raillions. This shows an excess of exports of seven millions; but as it is estiraated that the production for the year was thirty-tive millions, and only ten millions were used in the arts, the supply of gold money was increased eighteen millions. Tn 1892, in spite of a production of thirty-three millions, the exports exceeded the imports by thirty-five millions. It will be seen from the foregoing that the tendency of business is now decidedly favorable to this country. The Senate, having finally rejected the nomination of Mr. Hornblower for the position of Associate Justice of the Supreme Court, the president is now said to be ' ing Senator Gray, of Deleware, for the place. Rumor also connects the name of Joen G. Carlisle, secretary of the treasury, with the justiceship. While he would add much to the strength of the bench, it is not thought possible for him to bq spared at present frora the important position which he now holds. Senator Gray is in every way thoroughly qualified for the exalted position, and his nomination would unquestionably go through the senate with a rush, as he is a very popular man on both sides of the chamber. Should Senator Gray be appointed to the supreme bench, it might result in replacing in the United States senate the able and scholarly Bayard, who is now ambassador to England. It is said that Mr. Bayard would not be averse to again entering the senate. Ithas long been a favorite He with the protectionist press to assert that the English public in general and the English manufacturers in particular, were being consumed with a burning desire for the establishment of "British free trade " in the United States. So ardent were they represented that the Cobden club and other organization were charged with putting a large amount of good British gold into our electoral contests for the purpose of influencing the result. Judging from a recent article in the London Engineer, however, their ardor has cooled, if it was ever hot. This article declares that the new American tariff will make our people the most formidable rivals the British manufacturers have ever had to meet in the markets of the world. This coming from the English technical press represents the real views; of the intelligent Englishmen as to the effects of the tariff reform policy of the United States. The English manufacturers are not fools and no one understands better than they that when the millstone about the neck of American industry is removed, they will have a red hot fight on their hands to retain the markets of the world which have previously fallen to them bydefault.

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Ann Arbor Argus
Old News