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4 THE ST. PAUL GLOBE SATURDAY, JANUARY 28, 1599. Associated Press News. CITY SUBSCRIPTIONS. Hy (.ar-ier T.TTr.ri mo I 6 "">» I** mo * Dally~on-y 40 o *2.--|*-.0- Da.ll-. cad S-.n_.iT. ..60c -.75 G.d. Sunday 15. . -5| !.«_ COUNTRY SUBSCRIPTIONS. By Hall | 1 mo | _ Daiiy only" ...77....1. » § e~7l 1 . 6 0 II S . • t Dally and Sunday..!. 86 o 2.00 4.09 6unday .76 -.-• Weekly |... | .7»I1 .*» Kntered at Postoffice at St. Paul. Minn., aa Second-Class Matter. Address all communl t-MoLi and make all Remittances payable t» THE GLOBE CO.. 6t Paul, Minnesota.— .anonymous communications uot noticed. Re jected manuscripts will not be returned ma le.« -C.ompanled by postage. BRANCH OFFICES. Stir York 10 Bpruee St Cblcatro Room 609. No. S7 Washington St SATURDAYS WEATHER. Threatening. By the United States Weather Bureau. M I N'NESOTA— Threatening weather; variable winds. lOWA— Threatening weather; warmer In eastern portion: south to southwest winds. Mo.YT.x \ Threatening weather with light txtam in pastern oortlon; variable wind's. sot Til DAKOTA— Threatening weather with snow in extreme western portion; variable winds. NORTH I IAKOTA — Threatening weather and snow: probably colder in ex treme northwestern portion; northerly winds. WlSCONSlN— Threatening weather; warmer; fresh west to southwest winds. YESTERDAY'S TEMPE-KATfRES — St. Paul. 1'): Duluth, _; Huron. _.: Bismarck, 8; Williston, J: Havre, 20; Helena. X; Bat tleford. —12; Prime Albert. —20; Swift Cur ivnt. ti: Qu'Appelle, -IS; Mlnnedosa, —12; Winnipeg. —12. Buffalo, 10-i0: Chicago, 10-12: Cincinnati. Is-_<>; Montreal, 10-6; Pittsburg, lti-16. SiT. TAIL BUR3SAU— The following taken at 6:48 p. m. local time (8 o'clock Washing ton time) is a r. ihtive statement of the local conditions for the twenty-four hours which ended when the observations were taken: Barometer, 30.16; mean temperature. —4; rel ative humidity. 2.; wind at S p. m.. south weet; weather, partly cloudy: maximum tem 'future. 12: minimum temperature, — 21; u-iiy range, 33; amount of precipitation (rain and taeUti 1 sn< w) in last twenty-four hours, trace. Note -Barometer corrected for temperature and elevation. — P. F. Lyons. Observer. The Convention of Hanufacturers. The fourth annual convention of the National Association of Manufacturers has been in session 'luring the past work In Cincinnati. Naturally much pride is manifested by them as the re suit of the national record of exports of manufactured articles during the current year just closed. Tn referring to this point President Search says: "While many factories have contributed to this great extension of our foreign trade, probably no influence has been more noted than the efforts ef the manufacturers of the I'nited State-. Individually and by united action they have worked persistently in the development of their foreign trade, and have pushed tie it- products into many markets where heretofore they have b:eu unknown. By their untiring energy, persistence and honest dealings the manufacturers of the United States have acquired a position in the world's markets trom which they cannot be dislodged. With the start that has been mad.', our foreign trade Is bound to grow and no opposition from our strongest com petitors can bar our progress." This statement is gratifying, and at the same time it affords a promise that, the entering wedge having been intro duced among foreign nations, it will *iot he permitted to he withdrawn, but that our products will be forced with the consciousness that the capacities of tip- present are even capable of im provement in the future. The time for the holding of this con vention is unusually propitious. It is in th.' middle of the first month of a new year, an.i in the flush of the great ■score, not only of the year that has just closed, hut of that of the closing month of that year and tb.- first two weeks of the new year, which reveal the fact that the movement is not spasmodic, but thoroughly well sustained, as evidenced by the uniformity of the gradual in crease. The convention, furthermore, is participated in by men of all shades of political opinion and without regard to sectional lines. The growing South Is proudly revealing its native strength, but till are operating in harmony with a view to a generally increasing de veloping of the resources of the coun try. The protectionist and the free trailer are standing on common ground, and tlv,' interchange of opinions nat urally resulting from a serious conven tion of this sort must inevitably lead to clearer views as to how far the one idea of political economy may advance without ■ ntrenching upon the fruit bearing elements of the other. It is by sttil; conventions, composed of repre sentative practical men of -affairs, that lhe title sentiment of every community is revealed, and it is from the deduc tions drawn from such interchange t'nat more perfect laws may be formu lated. The lowa Oratorical Prodigy. An oratorical scrimmage occurred in the house of representatives at Wash ton tlv .ther day between Mr. Johnson, of Indiana, and Mr. Dolliver, at lowa, which, in some respects, was unusually interesting. Both are Re publicans and among the younger members. Mr. Johnson was not re elected last fall, for the reason that he did not seek a renomination. Dol liver, t.n the other hand, is there to stay as long as his constituency will consent to keep him th?re. He has a mouth end lungs and an inexhausti ble fund of conceit. At school, when a boy, he was doubtless of that band of declamatory nuisances for whom great futures are always predicted by tbeir admiring spell-bound friends. It is presumed that he many times re cited that threadbare "piece," "My Name Is Xorval." It may be he was the original of that incident which occurred in a country school house about the time he was an aspiring youth, and which is related as fol lows: Jonathan was assigned to de claim "On ;h e Grampian Hills." He began : "By da be is Dorbal. Od the Gram piad hiils by father feeds his flocks." Just at that point one of his rivals remarked: "Well, Dorbal, plow your dose." Whereupon Jonathan replied: "HI tid plow it, put it won't stay plowed !" Mr. Johnson, in the debate referred to, inveighed strongly against the ad ministration on account of the part It had taken in connection with the re tention of the Philippines by the Unit ed States, and demanded Information as to what was really the policy of the president respecting the final dis position of the islands. Mr. Dolliver undertook, In his reply, to stir up the enthusiasm of the administration fol lowers by one of his natural "bursts of eloquence." But Mr. Johnson prod ded him for a direct reply, and the young lowan retired from the field vanquished. This recalls another incident In the liftr at .Mr. Dolliver which occurred in 1884, when a bell rope was pulled on one of his early speeches as a prodigy in oratory which he was delivering from the rear platform of a car. In the cam paign of that year 'Mr. Blame, the Re publican candidate for the presidency, went from New York to Philadelphia on a special train, making the trip in the early evening. Mr. Dolliver had been introduced to the Republican na tional committee as a remarkable young man possessed of the oratorical habit. He was pushed into his initial service on the trip referred to. Mr. Blame spoke at Newark, Elizabeth and Rahway. and at Trenton he made a more extended address on the tariff to the operatives in the pottery fac tories there. When he concluded, Dol liver was put forward, whereupon he immediately began by sailing in and abusing the Democratic party. There were, of course, many representatives of that party in the great crowd of listeners. Mr. Blame listened nervous ly to the young speaker and' at last said to a by-stander: "For pity's sake stop that man." In obedience to the suggestion Senator Sewell, of New Jersey, who was in charge of the spe cial train, pulled Dolliver" s coat tail and the bell rope at the same time. When the orator entered the car the Maine statesman remarked: "Young man, you have something to learn ln campaigning. We never want to abuse our political enemies, but to make friends of them." Mr. Dolliver's gushing previousness seems not to have abated in any ap preciable degree since he has come to be a congressman. It was a rather crushing exhibition which Mr. John son, of Indiana, precipitated upon his colleague, who, after the effusive flood of words of which he emptied himself, was compelled to reveal the fact that he really did not know what he had been talking about when the founda tions for his statements were subject to exploration. As to the Paper Trust. The paper trust Is reported as being confident that there are six votes in the United States senate against any Canadian reciprocity treaty which may interfere with the duty on paper. The trust is further reported as declaring that the demand for free paper and for the preservation of American for ests is not serious; that it does not rep resent the sentiment of American newspaper publishers. The trust may be correctly informed as to the number of votes it has cap tured in the senate. It ought to know. It has lobbied long and persistently against the insertion of any clause In the treaty that will admit free wood pulp and paper from Canada. It has money to spend galore, and doubtless a statement of its "direct," "advance" nnd "contingent" payments would show that Washington was a favored center for the transaction of its pecul iar legislative business. But upon the other proposition, that publishers are not serious in their de mand for this treaty privilege, the trust is not qualified to speak. Whatever reduces the expenses of making news papers is beneficial to the reading pub lic. Logically and legitimately the case of the publishers against the pa per trust is the case of the people and should prevail. We are confident that Minnesota's representatives will be found on the publishers' side in this contention. Tom Piatt talked more language than ideas. People were cutting ice yesterday who were not proud of the fact. As usual the big boom in wheat started Just after the farmer had sold the last bushel he had to spare. J. Edward Addicks is a sort of 13-14 --15 puzzle. When he doesn't get 15 votes for United States senator, he gets 13 or 14. The thermometer is distinctly Par isian in its methods. It hugs zero ln broad daylight and doesn't care who knows it. Is Illinois getting a sort of French scare? Freeport is offering a substan tial prize for the largest family put on exhibition there. The Chicago Inter Ocean says a huge ice company has been planned. And. by i the way, Minnesota is just the place j to get your "huge" ice. As we understand it, the Montana j I grand jury found that there was a ! | plethora of $I,ooo' bills around the j legislature, but their source appeared j to be at least dual. Mr. Aguinaido. if you will state un der oath that you are a "bad" man, we will fight you with your own weapons | hy sending a regiment of Oklahoma | cowboys to the Philippines. Not all the news of this old world j flies on the wings of electricity. A j prominent Philadelphian was drowned j in the Northwest territories Aug. 24, : and the news of the sad accident came | in yesterday, over five months later. They haven't much law, but a good j deal of justice up in the Klondike coun j try. A woman at Circle City applied | for a divorce on the ground that her husband beat her. A committee of j sixty miners deliberated upon the case, j granted the divorce and gave the wife the dog and sewing machine as ali i mony. TAXING LIFE IXSIRAXCE. | Jnut What It Men ns aud Why It Should Sot b« Done. Xo good has ever yet resulted from legis lative attempts at harrying life i-isuiance. Measures to that effect, whether introduced In ignorant good faith, or with the deliberate intention c_ harassing, have had one usual result. They have either been allowed ta accumulate the dust of the committee rooms, or. if Hnally brought into open ..__lon and pushed toward enactment, have aroused the ire and protests of policy holders to such an extent as to ensure the defeat of the bill, and the discomfiture nf their projectors. Many a legislator has owed his ultimate and permanent disappearance from public view to the fact that he has essayed the unneces sary and vexatious "regulation" of .ife in surance It has generally been a case of aidn t know it was loaded," but the fatality has ensued just the same. ** Life insurance is already under th- suner vision of nearly as many different * de_art nients as there are states in the Union and new laws for its hindrance, or even its me sumed betterment, are not needed They il ways result in mulcting the policy' 'l.JJldw jnd he not only doesn't like it but hi. learned to resent it. ' u[ cna All of this has a special bearing upon the idea of seeking to tax life insurance a form of tribute wnioh if put i n ; 0 operation results solely in compelling the insured to pay more for their indemnity, it ig not company managers, or supposed over-wealthy officials, who pay this sort of a tax, ;_ ut tll g members alone. If Minnesota _a>:ea life insurance it merely means that policy holders here wJfcgTiave tj pay Just the amount of _lr__t t_.v.''._rnd the cost of its collection, more, tfca.n. .jfej-h-v lived iv more liberal and enlightened states. \ THE ST. PAUD GLOBt. 3ATUHDAY JANUARY 28. 18^9. THE HANNA-PAYNE BILL In Rep t y to Some Observations of the Minneapolis Jour nal's Willie Waggles. It Is proper that the Minneapolis Journal should propound to Its readers various questions concerning features of the Hanna_-Payne trade-shipping bill of which it may itself be ln ignorance. As a constant reader of .hat estimable publication may we not meekly volunteer to illumine the dark ness In which its Willie Waggles wanders? He asks: Is it necessary to adopt this complicated system of subsidies to build up our merchant marine when foreign governments have been keeping our leading ship yards busy for a few years past constructing steel and Iron warships and our manufacturers of plates for ships are actually selling quantities of them to British ship builders? - • * In the first place the system Is by no means "complicated," as may readily be seen upon a careful examination of the foundation upon which It is constructed. It takes cognizance of the vefy serious fact that there has been a gradual disappearance of American' shipping from the ocean, and that there is absolute necessity for its reappearance if the farmers and manufacturers of the United States are to profit -by our constantly In creasing export trade. The unpleasant truth has been forced upon us that, clever as we are with our tools and keen as to our wits, we are unable to do two things — first, build ocean steamships as cheaply as can England; second, operate them as cheap ly as England can. We can build many things more cheaply, as, for In stance, locomotives. The reason for this ls clear. Our tremendous stretch of country and the necessity for transporting passengers and freight from one point to another with rapidity and cheapness have reduced railroading to a science in America and necessarily cheapened enormously the price of roll ing stock. England, on the other hand, being eternally under the necessity of transacting her entire business with the rest of the world in vessels, has obtained an experience, an expertness and a knowledge of economies in the process of ship construction that give her the same pre-eminence In that field that is possessed by the United States in the railroad field. » « • We shall "get there" some time undoubtedly, but we are not there yet. It is one of the purposes of this bill now before congress to hasten the day when we can not only build ships to carry our enormous agricultural and manufactured products abroad, but bring back such products of other nations as we need ourselves. The more we export the busier will be our farmers and manufacturers; the busier they are the better off will citizens of the republic generally be— two elementary truths that require no discussion w hatever. Now it is a" fact, established by certain persons called statisticians, that the only means of intercourse which the people of the United States have with 90 per cent of the rest of the people of the world Is shipping. Hence, if our export trade must grow, there must be a growth of the shipping which carries it. Why, then— and this is one for Willie Waggles, who may, pos- . sibly, not be of American birth or extraction— should not that shipping be of American construction, of American ownership and of American manage ment? • * * There are several reasons why it should, and these are contemplated by the bill. One of these is that the producers of the United States pay annual ly to foreign ship owners for carrying our bundles of merchandise to and fro, something like $200,000,000. There is a handsome profit in this little sum which ought to be reaped by Americans and spent in America. There never was a time in our history when so much American money was lying idle waiting for investment in good things as now, and the shipping Industry offers a most promising field for its utilization to the advantage of the largest numbers of American mechanics and workmen, skilled and unskilled. • • . We are gratified to learn from Waggles that foreign governments have been keeping our leading ship yards busy In the construction of warships. They are not exactly busy, either, although it is a fact that Russia and Japan have placed a limited number of orders for warships with our builders. But this argues nothing as related to commercial shipping that we can see. It means that we build first-class warships: that we are reaping the benefits of the advertising given us at Manila and Santiago. It is a fact also that we charge for them first-class prices, which, of course, is entirely proper. But, as for ocean commerce carriers, it is a fact that there is not at the present mo ment any steamship in process of construction in the United States that ls de signed for transoceanic mercantile navigation. Indeed,; the. treasury statistics show that "during the fiscal year ended June 30, 1897, only seven Iron or steel merchant steamships built in the United States during the past twenty years crossed the Atlantic or Pacific ocean." • * • Now as to Waggles' other point that* our manufacturers are selling plates to British shipbuilders. That is true, but what of it? That fact won't help to build up American exports and slipping, will It? These plates, our same treasury statistics show, constitute only about 14 per cent of the cost of the vessel in the ship yard. Our plates cost 15 per cent less than English plates. This means an advantage of only 2 per cent in on. Item of the cost of the vessel. Here are some Treasury figures showing the difference in cost of an eleven-knot steel steamship of 4,000 gross tons, built in an American and a British ship yard: i _ Hull— American. British. Labor .. . . .*|12..000 $74,080 Plates, angles, beams, rivets., etc ; ..- 57 000 6S 000 Anchors, rigging, cement, paint, sails, chains and general outfit ..... 35^000 32000 Machinery — Labor .- 41,000 25,000 Material 40,000 33,000 Total $297,000 $238,000 Here is another table compiled by the treasury department, showing marked differences in the cost of opsrating steamships. It shows the monthly pay roll of a steamship such as is commonly employed in the trans- Atlantic trade at American, British, German and French rates of wages: Crew. American. British. German. French. First mate $f*s 00 ' "^3 46 ' $397. $__"__ Sscond mate 55 00 38 88 26 62 TO* TMrd mate 40 00 29 16 22 22 *>2 0- Boa .swain 27 50 24 30 16 89 21 23 Carpenter 33 50 29 16 19 00 15 44 Four quartermasters 160 00 82 62 57 12 53 00 Ten able seamen 200 00 109 35 119 00 115 80 First engineer 110 OO 77 76 79 31 77 20 Sec-md engineer 70 00 60 75 50 10 35 80 Third and fourth engineers 110 00 77 76 46 80 58 00 Fifteen firemen and trimmers 525 00 23160 195 00 210 00 Five stewards, etc Five miscellaneous !.""!! !!!!!"!.".!! Monthly $1.396 00 $874 80 $671 S2 $680 09 It being clear that we are at a disadvantage with English shipbuilders, In construction and operation both, how best can we equalize the conditions so that we may compete on terms of comparative equality, at least, with our great commercial rival? By giving a certain amount of government assist ance to our own shipping. Instead of giving it in the form of a subsidy to a few favored steamship- companies, as England, Germany, France and most European nations do, this bill proposes to distribute a moderate sum annually among the American steamships and sailing vessels that carry American exports. The bill will increase the cargo-carrying capacity of American ships of the future. Therein will the American producers be helped. * * « Again inquires Waggles: Wouldn't it be a Rood idea to let this sea po&tape inducement stand and develop our merchant marine in that way. or. at least. Provide that Roods imported in our Vmerican vessels shall be given a rebate on all dutiable Roods, sufficient to give an inducement to shippers to use American vessels? This "sea postage inducement" has "stood" some little time, and if its effects have been markedly great the fact has escaped the attention of the public, and especially of the ship owners. Clement A. Griscom, of Philadel phia, president of the International Navigation company, or the American line, as it is called — the line which built the St. Paul and the St. Louis testi fied in Washington less than two weeks ago, in these words: "No man, or organization of men, can run ships under the American flag In competition with ships run under the British or German flag. I do not say that the American ship owner may not live under such competition, but he will never be able to expand and grow under these adverse conditions. The sum of the debits to this account against our four mail boats for one year's work is $861,540, while on the credit side is only the $757,000 which the government gave us for carrying the mails, and we are out of pocket $104, --.40 per annum because we elected to be under the American rather than re main under the British flag for this service." * * * Finally there are some commercial treaties standing in the way of Wag gles' last suggestion. Weeks, months, years of diplomatic sparring would be " necessary to get us out of the tangle Into which our forefathers got in the early part of the century, when they were compelled to take mighty little and be thankful for that in dealing with other and older powers. Here are threa specimen clauses of some of those old treaties, which, in Minneapolis vernacu lar, would be styled "butes:" And the same duties shall be paid and the same bounties allowed on the exportation of any articles, the growth, produce, or manufacture of the TJnited States, to his Britannic majesty's territories in Europe, whether such expor tation shall be in British vessels or in vessels of the United States fTreatv „f 1815 with Great Britain, Article II.) , v l ' OI And the same bounties, duties, and drawbacks shall be allowed and col lected, whether such exportation or re-exportation be L made in vessels of one party or of the other. (Treaty of 1827 -with the republics and free Hanseatic cities of Lubeck, Bremen, and Hamburg, Article I.) The bounties, drawbacks and other privileges of this nature which may be granted in the states of either of the contraetlng^pafties, on goods im ported or exported in national vessels, shall also and in like manner be granted on goods Imported or exported in vessels ofc> the other country (Treaty of 1815 with the Netherlands. Article I.) . i " -my. Doings of the Churches. The executive committee of the Ladies' Social society, of the Park Congregational church, gave a silver tea frcm 2 to a yester day afternoon in the church parlors. There was a short programme of music and read ings. Mr?. Louis Dyer and Mrs. W. Dickson sung, and Mrs. Dougan and Mrs. J. D. Bond gave readings. The programme was in charge cf Mrs. .1. D. Bond. A reception followed the programme. Mrs. Powers presiding over the daintily appoiuted lea table. Tell With Rothsehlld and Wall Street Too. The St. Paul Globe now undertakes to make h traitorous disturbance tecaus> Charles. A. Town, was supported 'or the sen ate by ihe union reform forces in the led*. lature, and glvSs _. "premonition of its lp tention to enact -he. fharacter of :.„ ,aii to its party aa it «id to T the . 96 c to Spmney, its n_a,i_,g. r t w ho was sent by r'-pr sentatives of ihe.Rodschlld money monl.y from New y urk * (o &., ate to paxty of Minnesota -and to steer ft v. the lr.te.ests of Wall street, has evident," re! ce,ved his orders aaa\ thus The G 1 o be has begun its contortions. But its master ls too well known; its animus ia too generally understood and so the response of the Demo cratic party and of all the reform fcrceT..' llmueso-a wlil be: Tell with Wall stre.? and The St. Paul G1 o b c. its cap. icioul and irn'dLr^, appendage! - Freeborn T °™Z John Morley'n Big; Fee. I^NlX**} Jan. 27.-The Academy says John Morley has been paid the sum of £10.000 (JSo . OOfi) for writ-np _ biography of the late Wlli tuui E. Gladstone, under whom Mr. Morley served twice aa ciua. aecretary at Ireland. OUTLOOK IS BRIGHT BRADSTREET. SUMMING UP OF RECENT WAVE OK SPECULA TIVE DEALING STAPLES MAY COME NEXT Thought That the Ruaiaru Increase of th* Past 'Week Will Be Ex tended to AU Line* of Trade Prices Being- Well Maintained Coal Miner. Wage Agreement a Favorable Sign. NEW YORK, Jan. 27.— Bradstreet's tomorrow will say: The apparently steady rise in the tide of general busi ness has been diversified this week by an outburst of speculative interest in a number of staples, notably cotton and wheat, which heretofore have register ed steady gains on actual consumptive demand, rather than on the develop ment of marked bullish speculation. Large transactions and buoyant prices have been features in these staples, and signs are not wanting that sympathetic though smaller movements in a num ber of other lines are either under way or contemplated. Exceptional indus trial activity, particularly In the iron and steel trades, ls another feature of note and here, too, price advances are all but general, reflecting, so far as can be seen, chiefly the urgency of con sumers' requirements, the claim, in fact being made that speculation has not as yet entered Into the buying in this branch of industry. The same claim, however, can hardly be made as regards a number of movements to ward consolidation in this and other industries, where, in fact, the move ment toward combination is desired as approaching a virtual craze. In the regular channels of distributive trade, conditions continue in the main satis factory, the volume of spring orders at most markets being unprecedented compared with any preceding year at this time. While it is hardly possible to fix the entire responsibility for the bullishness ln wheat and cotton upon the move ment which so far has proved so suc cessful in stocks, the claim is freely made that considerable profits realized in the stock market have sought expression in the channels of stape food and textile distribu tion. Color is given to this claim by the fact that the situation in actual wheat shows but little changs from recent weeks. It is true that the tendency to pare down alleged official estimates of Russian crops and some weather reports from the West have been more encouraging to the holders of actual wheat, but the magnitude- of the outburst of new buying, shared in by former persistent shorts in wheat, alone hardly explain the activity in this market, which has resulted ln the high est prices reached since the collapse of the Leiter deal. Activity in demand for nearly all classes of iron and steel is reflected in advances for nearly every class of pig Iron and In steel billets, rails, wire and plates. Announcements of a large number of consolidations and com binations projected or under way are also a feature. In the domain of other metals, notably copper and tin, specu lation and heavy demand alike make for higher prices. Wool, although firm, is slow of sale, ard finished products, with the possi ble exception of dress woolens, do not move as freely as hoped for, a feature this week, in fact, being the very low prices announced by som manufac turers. General industry is reported active, notably soft coal mining and ship building. Wheat, including flour, shipments for the week, aggregate 4, .97,552 bush els, against 5,198,671 bushels last week; 5,026,014 bushels in the corresponding week of 1898; 5,215,408 bushels in 1897; 2.550,206 bushels in 1896, and 2,483,858 bushels in 1895. Since July 1, this sea son, the exports of wheat aggregate 144,322,291 bushels, against 146,494,889 bushels last year. Corn exports for the week aggregate 3,695,733 bushels, against 2,928,191 bushels last week, 4, 962,559 bushels in this week a year ago; 3,011,602 bushels In 1897; 3,197,086 bushels in 1596, and 942,461 bushels in 1895. Since July 1, this season, corn exports aggregate 95,715,923 bushels, during the same period a year ago. Business failures are fewer in num ber aggregating 246, against 262 last week, 288 in this week a year ago, 326 in 1897, 393 in 1896, and 312 In 1895. Busi ness failures for the Dominion of Can ada for the week number 32, against 30 last week, 49 in this week a year ago 56 in 1897, 63 in 1896, and 56 in 1895. MONEY IS ~EASY. One Benson Why Recent Stock Bulge Was Xot Panicky. NEW YORK, Jan. 27.— Bradstreet's financial review tomorrow will say: "One of those speculative outbreaks which occur at irregular intervals in the history of commercial countries Is now in full prog ress lh the United States, with Wall street as the scene for Its principal manifestations. The present week haa witnessed further ad vances of the kind, which only occur when the public comes Into the market almost en masse and purchases eagerly, and even reck lessly. This has caused the transactions in etccks to assume dimensions never before seen ln this market. The dealings have been excited, especially on Monday morning, when tho rush of buying orders "at the market" were such as to cause wild advances in soma stocks and not a little temporary confusion. The mechanism of the exchange and of tho street at large have, however, worked well, the stcck clearing system being in no smali degree responsible for this fact. •'Money continues to be exceptionally easy, there being no symptoms whatever of the hardening of interest rates which usually ap peared on former occasions when extremely active speculation has developed. This ex ceptional state of affairs is due no doubt to the circumstance that our market, ln con trast to its position in 18.S0, or in the other booms of the past, is not now borrowing money abroad with which to carry on the current speculation, but is actually lending to London and the continental cities. It ! may be noted that while London follows the ' proceedings here with great interest, and h;is j even shown a sympathetic tendency toward j Increased speculative activity on its own ac- I count, it has been on the whole, a seller of j our securities; or to put the case In another way prices here have advanced so much and rapidly that London has not kept pace with us and arbitrage operations. Involving the buying of American stocks in London and their re-eale here has resulted in the ship ment of considerable amounts of securities from Europe to New York. "The controlling factor In the market haa, however, been the continued increase of speculative purchasing orders in the public, not only ln New York, but throughout the country. Wall street commission houses have ____ an Influx of such business to an extent hitherto unknown, and in many cases their facilities have been almost overwhelmed by the detail work which It involved. It is, howe-ver, a notable circumstance that ns a rule firms of this class, which naturally profit by the wholesale entrance of the public into the market have generally been recommend ing conservatism and profit taking to their customers, ln fact, the strength has ap peared to be somewhat backward, while the public presents such decided evidences of speculative confidence. There has. of course, been heavy realizing from time to tim., ana not a little shifting of the public's buying from one part of the list to another." STRONGER THAN EVER. I'nblic Confidence in the BnNinesa of the Country Made Evident. NEW YORK. Jan. 27.— Dun & Co.'s weekly review of trade will say: The country is ln a stronger position than a week ago. Re markable strength in its industries is an im portant, but not the chief element. Public confidence, in the business of the couutry and in the .ecurities has been expressed by the rise ia stocks and consequent rise ln bonds. Confidence ln value of wheat, corn and cotton has been shown by the markets and at rising prices the wor'.d buys, because it ha* to buy. The vaet supply of unem ployed capital has been shown impressively, •Jul th. n.w aad startling Independent.. <at foreign markets Hx.es attention. The lumber movement Is unusually large for the season, with prices ot low grades .harply advancing. Railroad earnings and tonnage have shown surprising gains. Treasury receipts are gain ing and a vote on the peace treaty haa been fixed for Feb. 6. The weak points tn the situation may first be considered. Wool grows weaker because forced by speculation a year ago to prices which the market for goods cou'.d not «u_ tain, and has been much embarrassed ln try. lng to sustain ever since. Western bankers begin to advl « speculative holders to sell. Goods are In much greater demand, because prices, fairly proportioned to .the reduction of about 10 per cent In wool since a year ago, have been made Iv important opeulngs. The sales of wool are sitlll small, manutac turera buying at Philadelphia, where prions are yielding, rather than at Boston, where great efforts are made to .iu»tain them, but the goods movement for heavy weights Is still disappointing and comparatively slow. I_arger orders for light weights keep many work, employed. Sales for the week have oeen 6,403,500 pounds, and for four weeks 22 899, 200 against 30,421,070 last year, and 2«,__7,500 two years affo. Cotton Is higher, Vie, and goods are strong. BeMef that damaged cotton will cut down the yield helps Increased demands for goods to raise prices for both. The receipts" are light, cotton growers having seen a rise of over lc per pound from the lowest point to tempt them. Goodi. have risen on many grades, about 4-10 per cent on reported qual ities, aglanst 5 per cent on raw cotton, and the consuming demand ls strong. Pig Iron ha* risen at Chicago becau;ie of higher freights from the South, and at Pitts burg a shade for Bessemer and grey forge, because of gtowlng demand, but for the mo ment the rise of 2 per cent in pig is ex ceeded by the rise of 2 per cent in products. The pressor, for many products l_s such that the works are able to make their own quota tions, and rails and bars at Pittsburg and wire nails have slightly advanced. The de mand ls heavy In all lines, covering 30.001 tons rails ln one contract for a Southwest ern road and many of smaller quantities; 20, --000 tons bars and many for a less quantity, covering 5,000 steel cars for the Baltimore & Ohio, with other ship, car and mlscellan'.ous contracts; numerous bridge contracts, with one pending--_or Canada and others from 2.11 parta of the world; 10,000 tons sheets at Pittsburg, with heavy business elsewhere, and a general demand never surpassed. Rails are advanced by the combination; pipe works are crowded and negotiations progress for their con-.-lidatlon, as a!so ln bridge build ing. Failures for the week have been 224 ln the United States, against 342 last year, and 33 in Canada, against 34 last year. SCAMLISDEVELOPED ( on linii.-il From First Page. state veterinarian, and fixing salaries of county attorneys were killed. These bills were passed: To require assignees and trustees of insolvent foreign cor porations to give bonds; for a nine hour day on public works; for court of conciliation, and regulating the amount of assessment work required on a min ing claim. The nine-hour day bill was amended in several particulars by the farmer members to be sure it would not ln any way apply to farm laborers. Dr. Mead, superintendent of the in sane hospital. Is here to appear before the appropriation committees of the legislature in the interest of appropria tions necessary for the hospital for the next two years. J. S. France and R. Groat, of Spring field, are here to work up an appro priation for the normal school at that place. PRISON TWINE PLANT. Favorable Report Will Be Made to the Dakota Legislature. BISMARCK, N. D., Jan. 27.—Power ful efforts will be made by the business interests of Fargo and Grand Forks to defeat the La Moure divorce bill. The opposition will be on the quiet, as far as possible, but none the less effective. The committee which has investigat ed the Minnesota prison twine plant will recommend the establishment of a similar plant at the Bismarck peniten tiary, with a capacity of about 1,000 pounds dally. This, it is estimated, can be established for $25,000. A temperance commissioner bill has been introduced by Senator Arnold, similar to the measure Introduced by the late Gov. Briggs. A primary election law proposed by Senator Luke does away with county and district conventions for the pur pose of nominating county officers or delegates to the state convention. STILL IN DOUBT. Question as to Who Will Get the Wisconsin Senator-shin. MADISON, Wis., Jan. 27.— Though ninety ballots have been taken in the Republican legislative caucus for the selection of a United States senator to succeed John I. Mitchell the question of whom that successor will be ls tonight as far from being solved as ever. Joseph V. Quarles is still ln the lead with forty votes, Stephenson and Cook 20 each; Babcock 16 and Webb 10. Early in the day three of Stephen son's supporters swung over to Cook, causing not a little excitement. This was done, it is said, to keep the Cook men in line, some of whom were re ported to be on the verge of going to Quarles. A report was current today that in the event of any one of the Republican candidates getting fifty votes in the joint assembly the Demo crats would quickly settle the con troversy by throwing their entire strength — seventeen votes— to that can didate, thus giving him the necessary sixty-seven votes or enough to elect. A joint ballot will be taken tomorrow. REWARD OFFERED. Pennsylvania Business Men After AlleKed Bribers. PHILADELPHIA, Jan. 27. — The Business Mens' league today offered rewards aggregating 125,000 for infor mation leading to the discovery or purchase or attempt to purchase the vote or influence of members of the Pennsylvania legislature in the inter est of any legislation and the convic tion of the perpetrators. HARRISBURG, Pa., Jan. 27. — The result of the ninth ballot In joint ses sion for United States senator follows: Quay, 73; Jenks, 55; Dalzell, 13; Stone, 7; Stewart, 5; Huff, 6; Irvin, 3; Tuhbs, 1; Rice, 1; Grow, 1; Widener, 2; Riter, 2. Paired, 80. Bimetallists Elect Officers. DENVER. 001., Jan. 27.— The United States Monetary league, organized to promote the cause of bimetallism, ha 3 elected the follow ing officers: Preeldent, W. N. Byers; vice presidents. William Knapp, Alva A. .Adams. A. D. Robinson, W. T. Cornwall. T. S. Mc- Mtirray, Mrs. Ellen E. Mattesen aud Mrs. Elmlra Hud .on; secretary, Henry E. Res_r; treasurer, Frank Hall. Clark Holds His Own. HELENA, Mont.. Jan. 27.— The v>te for senator today was: Clark. 40; Conrad, 29; Maglnnis, 6; Fox, 3; Charles R. Leonard (Rep.), 16. The only change was when Rep resentative John R. Toole, leader of the Daly forces, who deserted Conrad and voted for Dr. Fox. The Increased Republican vote was due to the seating ot Senator Geiger ln placa of Senator Whiteside. DEATHS OF A DAY. HARRIS.BURG, Pa., Jan. 27.—Representa tive Harry Manning, of Cumberland county, died today of pneumonia. Representative ■Manning was a Democrat, and supported Jenks for United States senator. He was paired with Senator Brown, ot Westmoreland county. LONDON, Jan. 27— Mrs. Parker, the wife of the Rev. Dr. Parker, minister of the City Temple, is dead. AITKIN, Minn.. Jan. 27.— (Special.)— Mrs W. H. Harrison died very suddenly of hear' failure. She leaves a husband and two sons The body will be taken to Lancaster, Wis." for interment. BBNTON HARBOR. Mich., Jan. 27 —Old S____*. Pokas-on. the last chief of the Potta wattamie Indians, died at his residence a few miles north of here today, aged nearly eighty rears. PRESIDENT TO YIELD will nam to the sbnatk the PAPERS Itf PARIS PEA< E Mi- C-OTIATIOXS SENATOR FRYE SO EXPLAINS Occupies Three llnum In an Kuileav or «<il Enlitrhten Senators on lhe Policy of the _-d_-.f_.__ttr_t._o_l With Reference to tlie I'lilli puine Island* Retailed the I'roeee.l injff" of the < om in i^* lon. WASHINGTON, Jan. 27.— The senate con tinued the consideration of the peace treaty in executive session today, the doors being closed for almost three hours. Senator Fry., a member of the Paris peace commission, and naturally a strong friend of the treaty, held the attention of the senate during the greater part of this time. Constructively he occupied the floor during the entire session, but he was frequently Interrupted by other senators. -Most of these Interruptions came in the way of questions, but acme of them took the form of speeches. This was notably the case wltU Senator Berry's interruptions. He spoke for some time, and in doing so denounced the treaty in severe teims. Senators Manon nnd Caffery asked many questions. Senator Frye devoted himself largely to an explanation of the proceedings of the com mission, reading liberally from the record as already printed, but stopping as he proceeded to explain the quotations which he made. He had not proceeded a great way in his exposi tion of the subject when he was asked if the president had not originally instructed the commission to only Insist upon securing a coaling station In the Philippine group. To this Mr. Frye replied that he did not feel at liberty to give his Interpretation of the president's instructions, but It was unneces sary that he should do so, as the. president, he said, had determined to comply partlallv, at least, with the senate's request for the documents on file bearing upon the negotia tion of the treaty, and Mr. Frye said he felt Justified ln assuring the senate that the pa pers would be received not later than Monday. Mr. Frye devoted the greater part of his speech to an explanation why the Philippine archipelago was included ln the cession to the United States. He was asked the question why these islands were not placed in tha same class as Cuba, the sovereignty over this Island being merely relinquished, while in the case of the Philippines It had been made over to the United States, and replied that because ln the case of Cuba the commission was act ing upon instructions from congress. He was reminded that the Filipinos professed to be fighting for freedom Just as the Cubans were doing, and they were still contending for their own Independence. RESPONSIBILITY FOR WAR. One senator reminded him of the repre sentations of Aguinaldo's American agent, Agoneillo, and asked If he meant to force the Filipino people to actual hostilities, to which Mr. Frye retorted that it was the opposition that was forcing a continuance of the state of war and which would be responsible for hostilities If they should occur. As for him self, however, he did not know the Filipinos In the transaction. The treaty should have been ratified ten days ago, and if it had been all danger of war with the people of the Phil ippine islands would have been averted. Senator Mason put the question whether the commissioners did not know when they made the treaty and whether he did not know now that the natives of those islands were then as now, demanding their independence. In response Mr. Frye repeated that the commission had dealt with Spain regarding the Filipinos as subjects of that country. Spain had lost in the conflict of war. and hence the United States had a perfect right, according to the law of nations, to acquire any part of her possessions or people In ad justing the balances after the war was over. Senator Berry, in his speech, declared that the acquisition of the islands was merely a speculative scheme, containing more of the element of land-grabbing than of patriotism or philanthropy. PENSION BILL PASSED. Ita Consideration Preceded hy an Expansion Speech hy Mr. Piatt. WASHINGTON. Jan. 27.— Particular interest was manifested ln the senate today in a brief speech delivered by Senator T. C. Piatt, New York, on the general subject of expansion., Mr. Piatt took for his text the antl-expanslon resolution offered by Mr, Vest (Mo.), but ln the course of his speech merely touched upon the constitutional ques tion involved in the proposed declara tion. He spoke In a clear, resonant voice, and not only because this was the first speech he has delivered in the senate since his return to the body, but also because the address was a thoughtful and well considered state ment, he was accorded the undivided attention of his colleagues on the floor and a large audience in the galleries. A pleasing, though quiet vein of humor ran through the speech, sharply point ing his statements. He took strong ground for the ratification of the pend ing treaty of peace. A resolution waS offered by Mr. Sul livan (Miss.) declaring that the rati fication of the treaty should not com mit the government to a colonial pol icy. The pension appropriation bill, the second of the general appropriation measures, was passed after some de bate. Late in the afternoon eulogies wera pronounced on the late Representative Cook, of Illinois, addresses being made by Senators Cullom, Allison. Welling ton and Mason. PLOT TO KILL THE SULTAN ATTEMPT AGAINST THE LIFE OF ABDI'L IIAMII- niSCOVEKEU AND ARRESTS MADE. Police Acted Precipitately, and Thereby Permitted the _D_H___pc of Several of the t'«im»plrntor*— . Plot Wan Denounced. CONST.'-N'TINOPLE, Jan. 27.—Sul tan Abdul Hamid made his annual visit to Stamboul by water today to kiss the mantle of the prophet. The usual elaborate ceremonies were ob served. Throughout the week the po lice have been taking extraordinary precautions to secure his majesty's safety and many arrests have been made. Yesterday they visited all the drug stores and hermetically sealed all the deposits of chlorate of potash. This was done to alleviate the sultan's fear of being attacked by explosives. LONDON, Jan. 28.— The Constanti nople correspondent of the Times says: "A plot to assassinate the sultan has been denounced by a conspirator, but the police, by too precipitately arrest ing four of the plotters, enabled sev eral others to escape." EARLY BATTLE - EXPECTED. Stand Made hy the Shattered Forces of the Khalifa. CAIRO. Jan. 27.— A part of the force of the Khalifa Abdullah, who. after the defeat of Sept. 2 and the fall of Omdur man, fled Into Kordofan, has surrend ered to the British cavalry sent in pur suit. The khalifa's main force remains at Sherkeila. east of El Obeid. There, probably, he will make a stand, and an early battle Is looKed for. Friendly Arabs have occupied the town of Bara. north of El Obeid, and in eastern Darfur the Inhabitants of Shekka have submitted. GILLETT "COMPROMISES. KANSAS CITY, Mo., Jan. 27.— Grant G. Gillett, the Kansas City trader who recently failed with liabilities aggre gating over $1,000,000, has turned all his property over to his creditors, and It IS stated that the latter have prom ised that no criminal action shall be Instituted against him if he will re turn from Mexico.