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MANUFACTURES AND TRADE 



I 



DELEGATES to the first annual meeting 

 of the National Association of General 

 Manufacturers, just held in Chicago, re- 

 presented an invested capital of $2,000,- 

 000,000; while the delegates to the meet- 

 ing of the Textile Manufacturers' Asso- 

 ciation of the West and South represented 

 an invested capital of $40,000,000. The 

 latter includes both woolen and cotton in- 

 terests. These two great associations held 

 separate meetings, with one joint session. 

 The common aim of both is protection to 

 home industry and extension of American 

 trade to foreign nations, and the Textile 

 Association adopted ringing resolutions 

 for Congress on that subject. 



The general manufacturers' meeting 

 called the attention of Congress to the fact 

 that Japanese goods are flooding the Amer- 

 ican market, and called for a halt. The 

 report of the committee on resolutions, 

 which was adopted, asked for a uniform 

 classification of freight from the Interstate 

 Commerce Commission. It also advocated 

 the establishment of an industrial exposi- 

 tion in the City of Mexico; that a Depart- 

 ment of Manufactures be established under 

 a secretary of equal rank with the Secre- 

 tary of Agriculture; that the inequality of 

 traffic conditions in various States be in- 

 vestigated and righted if possible, and 

 that the Senate of the United States is ear- 

 nestly requested to pass promptly and 

 send to the President the revenue bill 

 lately adopted by the House of Represen- 

 tatives. The meeting was unanimous for 

 the completion of the Nicaragua canal. 

 Trade agencies in South America were de- 

 termined upon. 



The speech of Hon. Wharton Barker, of 

 Philadelphia, before the Textile manufac- 

 turers, was a great feature, and was closely 

 followed. He urged that protection and 

 bi-metallism must accompany one another. 



A DECISION of various points in the In- 

 terstate Commerce Act has just been made 

 by the United States District Court in 

 Chicago in ruling on the Santa F6 and 

 Nelson Morris indictments. The big pack- 

 er was freed from his troubles, the in- 

 dictments relating to him being quashed. 



00 



John A. Henley, traffic manager of the 

 Santa F, and ex-President Binehart of 

 the same road were adjudged to have 

 been properly indicted. The indictments 

 against Isaac Thompson, a Kansas City 

 shipper, and Manager Jenkins of the Ham- 

 mond Packing Company were quashed. 

 The court holds that a shipper cannot be 

 punished for accepting a rebate, but that 

 it is right and proper that carriers be held 

 for discriminating against the public. The 

 railroads of the country will take the gen- 

 eral issue of the law to the United States 

 Supreme Court. 



VENEZUELA has just taken her first step in 

 commercial warfare against England. 

 George Turnbull, of Boston, who claims 

 part ownership in the great iron mines in 

 the Imataca mountains, not far from the 

 mouth of the Orinoco, and within the 

 territory contested by England, started 

 from Great Britain with a ship load of 

 mining machines and material which were 

 consigned to a firm in Ciudad, Bolivar. 

 At that place, when he offered to pay the 

 duty on the machines, he was told that 

 he had violated the law in not going to 

 the point originally appearing in the 

 manifest. He was further informed that his 

 act was regarded as an invasion of Vene- 

 zuelan territory and that it was probable 

 that his machinery would be confiscated. 



THE concensus of opinion among well- 

 posted men is that prices of cattle and 

 hogs will show quite a gratifying advance 

 during the next sixty days. 



AN International American bank was 

 one of the recommendations of the Pan- 

 American Congress and was suggested by 

 the late James G. Blaine. A bill for such 

 an institution is now being considered in 

 Congress. 



WHILE general trade has not shown a 

 widespread tendency to revive from the 

 holiday depression, there are favorable 

 features in a revival in iron and steel 

 prices, and continued heavy cereal ex- 

 ports. 



" PATH ONI ZE home dealers" is the 

 motto being generally adopted in the 



