Rensselaer Semi-Weekly Republican, Volume 20, Number 76, Rensselaer, Jasper County, 26 May 1899 — Protection Times. [ARTICLE]

Protection Times.

The Supreme Court rendered a decision Tuesday, in which the validity of the Indiana Sunday base ball law was upheld. The law forbids games of base ball on Sundays at which an admission price is charged, and the court says the law is all right.

The Roach Shipyard at Chester, Pa., which was nearly ruined by the Free Trade and free-ship ideas dominant under the Cleveland rule is regaining its former prosperity and fame. It is now about to build two of the largest merchant ships ever constructed in an American yard, except the American liners ‘ St. Paul and St. Louis,” for the Hawaiian trade. Each of the new boats will carry 8,500 tons of freight between New York and Honolulu. There are manifold evidences of the earnest intention of the American people to regain the old prestige in shipping, and to carry American products in American ships and under the American flag.

The failures in April, 1899, according to “Dun’s Review,” were the smallest in any month since .records by months began, 38 per cent, smaller than in April of last year, not a third of the amount in 1897, and not half the amount in April of any previous year. Both in manufacturing and in trading they were the smallest every known in that month, and in trading the smallest every known in any month, as in manufacturing they were if the larger failures were omitted.' The ratio of defaulted liabilities to solvent payments through clearing houses was less than 70 cents per SI,OOO, against 90 cents in January and $1.19 in March, $7.89 in August and $8.02 in September, 1896. A great share of the risk in the business world has been eliminated. Truly these are good Protection times.