Democratic Sentinel, Volume 19, Number 26, Rensselaer, Jasper County, 5 July 1895 — Coming to Their Senses. [ARTICLE]

Coming to Their Senses.

■'-Jjfoting tne faot th-it Germany is exporting iron ores from the mines near Lake Champlain for use in the basioFprocess of manufacturing iron wares, because they contain great quantities of phosphorous, the Indianapolis Journal says: The Champlain ores cannot be produced as cheaply as the Lake Superior, but so cheaply, it appears, that they can command a foreign m rket, as reports indicate that there will be a very 1 *rge demand for that class of ores, both ou the continent and in England. While it may ot be the most sat* isfactory condition to furnish Europe with raw material, yet when it is considered that it is due to the fact that our supply is exhausLess, and can be produced cheaper than those nearer homo the situation is anyth np but discouraging. It indicates that the United States have the control of the iron trade of tin world if the matter \u wisely m»n-

aged. If American ores can be shipped to Europe and made into the finished product and then transported to the markets of the world, it seems that American iron and steel may be profitably manufactured and sold direot. The country which has an exhaustless supply of the best iron in the world will always be a potent factor in the world’s affairs. Tbis sounds strange, coming as it does from the chief organ ot protection iniindiana. It is strong proof of what the low tariff advocates claim, viz: that the United States should lead the world in ths production of iron wares and that a high tariff is jt no be efit whatever to the iron industry unless the iron manufacturers are satisfied to confine their output of goods to the home market exclusively The Journal should note, too, that notwithstanding the great tariff reductions made in the iron schedule under the Wilson tariff, the activity in the iron industry was never greater than now.

It is now given out that Germany will call a meeting of the great commercial powers to consider the question of an international agreement concerning the use of silver. If an agreement could be reached whereby all the gr at commercial nations should use both gold and silver at a fixed ratio in business transactions, the world would be greatly oouvenienoed, toKsay the least. If by agreement a certain quantity of ooined gold orfsilver oould be made t pass .current among all tho nations entering into such an agreement, trade between nations would be greatly stimulated and there would be no fluctuation in money values. The caused of international bimetallism is unquestionably growingand will continue to grow aB the trade relations between governments become closer. If another internat’oual oonferenoe is held next Oc* tober,. something tangible may /row out of it. Germany and Franco are favorable to the adoption of a bimetallic standard. Tne sentiment iu favor of an interna* tio ial agreement is growing in In England, and the advocates of free coinage of silver in the United States look hopefully to an international agreeme.it for a solution of the silver problem.