2
CAMERON COUNTY PRESS.
H. H. MULLIN, Editor.
Published Kvory Thursday.
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JOB PRINTING.
The Job department of the PKESS is complete
and affords facilities for doing the best class of
•work. pAßTll'll.Alt ATTtSIIUS PAIKTo I.AW
PIUNTING.
No paper will b? discontinued until arrear
ages are paid, except at the option of the pub
lisher.
Papers sent out of the county must be paid
for in advance.
Honor to Whom Honor Is Due.
A brief but exceedingly impressive
memorial .service was that which
stopped every wheel on every Chica
go, Burlington & Quincy locomotive
and car for five minutes, during the
funeral of Charles E. Perkins, a for
mer president of the road. Precisely
at three o'clock nil trains, no matter
where they were, came to a standstill,
and remained motionless until five
minutes past three. Work of every
fcind was also suspended in every of
fice of the company. The man thus
honored, in a way which he would
probably have appreciated more than
any other, was a rich man who had
worked his way up from the lowest
round of the ladder by means which
disarmed enemies and made friends,
and his honor was more to him than
his money. When a bank in which he
was a shareholder and director was in
trouble —a trouble known to him. but
not to the depoistors—he came to the
rescue with his whole fortune. Al
though his legal liability was only
520,000. he poured i;i a million, and
suffered heavy losses for the sake of
saving small depositors, who, before
he died, never even knew what they
had been saved. Such a man, says
Youth's Companion, deserves well of
his country. It. is fitting that the
wheels should stop for a little space
when he goes out.
High school fraternities are treated
with scant, courtesy when they make
an appeal to the courts. The latest
instance of judicial condemnation oc
curred in Chicago, when the appellate
court, last month, declined to issue an
injunction restraining the school hoard
from enforcing a rule excluding all
members of secret fraternities from
participation in literary or athletic
contests, and from using the names of
the high schools in connection with
the fraternities. The injunction was
sought through the father of a mem
ber of one of the fraternities on the
ground iliat the rule interfered with
the natural rights of the pupils. The
court decides that the rule against
tlie fraternities does not interfere with
the rights of the young people to join
any fraternities they choose, and that
it docs not trespass upon parental au
thority. The school contests from
which members of the fraternities are
barred do not form part of the regular
curriculum, anil are subject to such
regulations as the school authorities
choose to make in the exercise of
their legal discretion.
To older graduates of American col
leges, and to most adults who have
not been to college, the solemnity of
the undergraduate youngster is naive
ly funny. One college paper, in such
bitter style as might be appropriate to
some mighty moral or political issue,
chastises the entire undergraduate
body for not turning out to cheer the
loot hall team at practice. All other
practice, say at penmanship ur the
piano, can be carried on by the prac
-ticers with the requisite tools. Foot
ball, apparently, cannot ibe learned ex
cept in presence of .a mdb. Another
reallege paper gravely protests Hguin-at
the freshmen's increasing liabw of
walking on tl>» prohibited side of a
•certain street, .and .declaims college
customs to a sacred .tradition, to be
reverently observed iby .each jwmng
batch of collegians.
Japan is preparing to impose re
strictions upon the emigration of the
people of that country, and this step
js likely to bring about an end to at!
ithe controversy that lias recently
aisen. particularly thai which came
Xroni the anti-Japanese demonstrations
in Canada, if the Japanese govern
ment stops emigration obviously there
wiW be mo immigration from tiiat
quarter to object to.
Even in tin&<e of sorrow and anxiety
ithe Uitj'y with the bank account affords
merriment. During a recent ruu on a
Sew York bank a fair depositor, after
waiting 14 hour* in line, found that
she had overdrawn her account.
A miner in Pittsburg has complained
to the police that a widow held him
iil>. That, has happened to scores of
other men. but, as a rule, they kept
the fact to themselves and submitted
iu the widows and fate.
THE MORE HE TRIES TO SCRUB THE BLACK OFF THE MAP THE
MORE HE SPREADS IT AROUND.
NATION'S ONE HOPE
IMPORTANCE OP A NATIONAL
TRADE BALANCE.
One of the Functions of a Protective
Tariff Is So to Restrict Imports as
to Enable the Country to Pay It 3
Obligations and Have Something
Left.
"If it had not boon for this balance
of trade in our favor, constantly liqui
dating our .obligations, our debts
would have become insupportable long
before now."
This remark by the New York
Press is of weighty importance, and
should receive from our financiers far
more attention than they habitually
give to the question of favorable trade
balances. The fact is that our mon
eyed magnates are for the most part
either ignorant of or indifferent to
the part played by the trade balance
in maintaining our supply of money
and money metals. It must be that
1 hey are ignorant, for if they were in
formed they could not ho indifferent.
They ought to realize the part played
by a protective tariff in so restricting
competitive inports as to insure an
excess of exports, and therefore a
trade balance—money coming to us
faster than it goes away from us. Yet
if you should scratch the back of an
eminent financier it is ten to one you
would tickle either a free trader or
a man who knows little and cares less
about tlie tariff question.
The habit of depreciating the eon
sequence of favorable trade balances
is quite common among the "superior
thinkers" turned loose by our free
trade institutions of learning. They
point at Great Britain, a free trade na
tion, with an average excess of im
ports over exports amounting to about
$800,000,000 a year, as a shining ex
ample of how a country can grow
richer in spite of adverse trade bal
ances. This contention is well an-
Bwered in the I J ress as follows:
"England is a creditor nation. The
British adverse irarle balance does not
represent what England owes at the
end or each year. It represents the
payments on account by the debtor
nations that owe interest and princi
pal to England, creditor of the world.
England's adverse trade balance is
the same as the pawnbroker's. The
lender whose trademark is the three
gilded balls over the door of his
money shop advances his capital to
the borrower, who must pay oVer to
the pawnbroker a share of the debtor's
product as long as the debt stands
uncanceled. The debtor exports to
the pawnbroker incessantly; he im
ports from the pawnshop nothing—
but receipts. I'nless the debt is liqui
dated that sort of adverse balance of
trade against the pawnbroker leaves
him with all the money in the end.
So long as Canada or any other coun
try remains a debtor nation an ad
verse balance of trade piles up a
growing debt each year more difficult
to discharge, since more of the re
sources of the debtor are required to
pay the mere interest."
One of the most important func
tions of a protective tariff is to bar
the door against competitive imports.
Not only does this wise policy enable
the United States to cancel its debits
for goods and materials purchased
abroad and have something left with
which to make good for some heavy
outgoing amounts of American money
not visible in the record of exports,
but it has in the past 11 years actual
ly added some billions of dollars to
the supply of money and money met
als. Still more Important, it has pro
vided work and wages for millions of
Americans. Great Britain has kept
solvent because of income derived
from money loaned and invested in
other countries and from the earnings
of her merchant marine. But for these
sources of income there is no need to
say what would happen to a country
which bought $500,000,000 a year more
than it sold. The United States has
neither an oversea carrying trade nor
any income from money inves.ed
abroad. To a country so situated a
CAMERON COUNTY PRBSS, THURSDAY, JANUARY 30, 1908.
large favorable trade balance becomes
an absolute financial necessity if na
tional bankruptcy is to be avoided.
Such a surplus of income over outgo
can only be obtained by the restriction
of imports. This is why our eminent
financiers should give more attention
to the protective tariff.
NO DEFICIT IN TREASURY.
Disturbing and Misleading Assertion
Made by Contemporary.
The loose statements which very in
telligent contemporaries permit them
selves to make concerning matters of
which exact information is readily ac
cessible have an illustration in the edi
torial assertion of the Philadelphia
North American that "the United
Slates treasury also begins the year
with a deficit."
Such a disturbing and misleading
assertion is the result of failing to
make the necessary distinction be
tween a deficiency in the revenue and
a deficit in the treasury, it is ac
curate to say that the revenue for the.
last six months of 1907 shows a de
ficiency. the receipts having fallen
$9,000,000 in round numbers short of
meeting the expenditures.
lint that is a very different thing
from "a deficit in the treasury."
Strictly that, would mean that there is
less cash on hand than the accounts
call for, implying diversion of funds or
embezzlement. Hut in the looser and
general use, that there is less money
on hand than is needed to meet de
mand liabilities, it is still wider of
the mark. The treasury has such a
surplus on hand after providing for all
reserve liabilities that it not. only does
not feel the deficiency in revenue for
the past six months, but it could pay
such a deficiency in revenue for near
ly 15 years longer before creating a
deficiency in the treasury.
Moreover, if the swollen surplus
were thus drawn down to about one
quarter of its present bulk, if. would
really be more salutary for the gen
eral fiscal situation.
Unalterably Opposed.
Now, here is an alarming revelation
in the ranks of tlje Democratic party,
and in the state that gives its presi
dential nominees the largest majori
ties. The facts are set forth in the
following telegram:
San Antonio, Tex., Nov. 2i. —Rock-
ribbed Democrats of Texas, composing
the Texas Sheep and Goat Raisers'
association, in convention here, adopt
ed a stand pat policy in the matter of
tariff revision as to wools and hides
in the following resolution:
Be It Resolved, That the? Texas
Sheep and Goat Raisers' association
hereby goes on record as unalterably
opposed to any reduction in the tariff
on wool, mohair and hides; and that
its secretary is directed to so notify
the Texas congressmen.
Mr. Bryan complains the Republic
ans have stolen some of his political
doctrines. Are his followers resorting
to retaliation in kind? Democrats
"unalterably opposed to any reduc
tion in the tariff," etc.! Now let. the
Georgia statesman again rise and
shout: "Where am I at?"— Burlington
Hawk-Eye.
Will Adopt Beneficent Policy.
The obvious conclusion is that the
government of the Fnited States has
admirably discharged its responsibili
ties toward the islands that fell into
its possession as a fortuitous incident
of war and may be relied upon to de
velop a beneficent policy io>.«<ing to
ultimate independence, n inc islanders
want it, as rapidly as circumstances
will warrant and permit.—Rochester
Democrat and Chronicle.
A Democratic club in New York
will shortly give a dinner, at which
the question. "Why Is the Democratic
Party Divided?" will be discussed.
Even a slight inspection of the promi
nent members of the Democratic party
will fully answer that query.
Mr. Bryan, while in Texas, virtually
confessed that he is a candidate, lr
time it is expected that a complete ad
mission of his guilt can be wrunr
from him.
DISBANDS UN COURT'S ORDER I
DECREE IS ENTERED IN FIGHT OF
GLASS WORKERS.
The Amalgamated Window Glass
Workers of America Is Declared
to Be an Illegal Trust in Re
straint of Trade.
Cleveland, O. —A final decree was
entered 011 Friday in the suit of the
cutters and flatteners against the
Amalgamated Window Glass Workers
of America by Judge George L. Phil
lips, in common phias court.
The decision dissolves the associa
tion of window glass workers, which
was composed of the various workers
employed in the glass trade, including
the cutters and flatteners. The com
plete amalgamation of all the workers
into one association was completed
about six months ago.
The cutters and flatteners insisted
upon being allowed to use machinery
in their work. This was forbidden by
the by-laws of the association. .Ma
chines are used extensively by the
so-called glass trust, where the bulk
of the glass workers are employed.
The use of machinery, it is said, was
punished by expulsion from the un
ion. To be non-members of the union
meant practically no work. For this
reason the cutters and flatteners en
deavored to have this feature of the
bv-laiys changed.
A long fight between the two ele
ments in the iinion ensued which re
sulted in the cutters and flatteners
bringing suit to dissolve (he associa
tion, xn apportionment ot thu funds of
the union and an injunction to restrain
the union from interfering with the
use of machinery and to restrain the
union from prohibiting the withdrawal
of the cutters and flatteners from the
union and forming a separate organ
ization.
While Judge Phillips scored the as
sociation as being an illegal organiza
tion in restraint of employment, in
fact a labor trust, and that its con
tracts with the other organizations
absorbed by it and its by-laws were
illegal, yet the court was very partic
ular to explain that he referred to the
glass workers alone and not to labor
organizations in general. He said la
bor organizations generally were a ne
cessity and that the intent of the law
is to foster such organizations.
The funds of the association, while
reported to be near 1100.000, are, in
fact, not, more than SIO,OOO. The court
suggested that they be left in the
hands of the treasurer of the associa
tion, who should become a trustee for
the court; that all debts be paid and
that any balance should be distributed
among those who contributed toward
the fund, and not as members of the
union. Notice of appeal was given.
Following the announcement of
Judge Phillips' decision, officers and
members of the Amalgamated Window
Glass Workers held a meeting and 01-
ganized a new association, to be
known as the National Window Glass
Workers, its membership to include
practical window glass blowers, gath
erers, flatteners and cutters.
THE NATIONAL LAWMAKERS.
Proceedings of the Senate and House
of Representatives.
Washington.—The house on the 21st
adopted an amendment to the penal
code which makes it a criminal of
fense for any employe of the govern
ment to give out advance information
regarding any crop statistics that are
authorized by law. The senate's pro
ceedings were devoid of interest.
Washington.—ln the senate on the
22d .Mr. Hansbrough, of North Dako
ta, made a speech in which he de
clared that the harvester trust is at
tempting to control the selection of
delegates to the national republican
convention. The criminal code bill
was considered for two hours. The
house devoted the day to considera
tion of the bill to codify the criminal
laws.
Washington.—During consideration
of the urgent deficiency bill in the
house on the 23d .Mr. Tawney, chair
man of the appropriations committee,
declared that there would be a treas
ury deficit of $100,000,000 unless the
appropriations for the next fiscal year
were cut. down. The senate devoted
most of its session to debate of the
bill to revise the criminal code and
then adjourned until the 27th.
Washington. The session of the
house on the 24th was devoted to a
political debate, at. the conclusion of
wrtich the house adjourned until the
27th. The senate was not in session.
REVIEW OF TRADE.
Business Feels the Weakened Purchas
ing Power of Thousands of
Unemployed.
New York City.— R. G. Dun &
Co.'s Weekly Review of Trade says:
More manufacturing plants have re
sumed and money is abundant at easy
terms, but business feels the weak
ened purchasing power of the thou
sands still unemployed. Buyers have
arrived in large numbers in the local
jobbing dry goods market, placing fair
orders at the lowest prices named on
some descriptions, and this forward
business was also liberal at other
large centers. .Mercantile collections
improve, all hough still backward at
many points.
Industrial news is slightly more en
couraging on the whole, but there is
much idle machinery, and the coal out
put has been curtailed on that ac
count. together with the tardiness of
winter.
Bank Cashier Suicided.
1011i iiwood, Kan. Leo Bockemohle,
the cashier of the suspended Bank
of Kllinwood, Kan., under bond for
making false statement or the bank's
condition, shot and killed himself last
night at his home just after his bonds
men had informed him that tlx \ Had
surrendered him to the sheriff.
Killed Her Son With Poison.
Burlington. Wis.— After giving' a
fatal dose of laudanum to her
young son, Mrs. George Stetson on
Friday drank of the poison in an at
tempt at suicide. The boy is dead and
the mother will probably die.
Capital and Invention.
Capitalist—Huh! Want, capital to
develop a patent, eh? Well, you've
come to the wrong place. 1 haven't
any money to risk on patents.
Business Man —But in this case
there is no risk at all. The invention,
though wonderfully attractive? to the
average mind, is absolutely impracti
cable. It won't work.
"What? You know it won't work,
and yet you come to me for capital
to—"
"Calm yourself, my dear sir. You
see, if we knew at the start that the
thing won't work we shall expect no
results from it, and need run no risk.
We simply form a big company, sell
all the stock, pocket the pro
ceeds, and let the stockholders do the
developing. See?"
"I see. You shall have all the cap
ital you want." —New York Weekly.
Superior Knowledge.
Teacher —Johnny, what causes the
water of the sea to be salty?
Johnny—The salt that's in it.
Teacher—Next; Waldo, what causes
the water of the sea to be salty?
Waldo —The salty quality of sea wa
ter, ma'am, is due to the admixture of
a sufficient quantity of chloride of
sodium to impart to the aqueous fluid
with which it commingles a saline
flavor which is readily recognized by
the organs of taste.
Teacher—Correct. Go up head,
Waldo,—Chicago Tribune.
His Guess.
Mrj. Crimsonbeak—l see a ton u? oil
has been obtained from the tongue of
a single whale.
Mr. Crimsonbeak—T'll'll bet it >vas a
gentleman whale. I never knew a fe
male's tongue to need oil. —Yonkers
Statesman.
LIKE MOST OF THEM.
ipt
iPst
ir^
fiik
"Yes, my son is very brilliant. He
lias a poet's dream."
"Ah, yes, 1 see. Dreams he is a
poet."
Art at a Discount.
Mr. Highart—Yes, 1 believe in the.
cultivation of art among the masses.
Artistic taste, no matter where found
or in what walk of life, is of incal
culable value to the possessor.
Mr. Humdrum —Well, I differ with
you. My wife spent SBO last year
taking art lessons, and then, on my
birthday, she gave me five boxes of
cigars—selected by the pictures on
the cover.—New York Weekly.
Literary Calamity.
Borus (struggling author) —You
book reviewers were unnecessarily
severe on that last novel of mine.
Naggus—Why, you ungrateful hound,
with one accord we pronounced it one
of the cleanest and most uplifting
works of fiction that had appeared this
season.
Borus —That's what I mean. I
haven't sold a single copy.—Chicago
Tribune.
Rare Good Luck.
Fond Mamma—Why, what have you
in your apron?
Little Daughter (breathlessly)—Oh,
mamma! Such good luck! Dotty
Dimple's cat had six kittens, and her
mamma would not let her keep hut
one, so she gave me the other five. —
New York Weekly.
Side Lights on History.
George Washington had iost the hat
tie of Brandywine.
"The Prohibitionists are carrying
everything before them in Kentucky
and Georgia, too!" he groaned.
Climbing hastily on the nearest wa
ter wagon, he gave the order for re
treat.—Chicago Tribune.
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