The Arena. Volume 4, No. 24, November, 1891. Various
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Malleable Iron Co., of Pittsburg, Pa. (Capital, $25,000.)
Beaver Tube Co., of Wheeling, W. Va. (Capital, $1,000,000.)
$1,000,000 stock company at Wheeling, W. Va., to develop coal and iron mines, etc.
New plant at Morristown, Tenn.
Iron furnace at Winston, N. C., by Washington and Philadelphia parties.
Buda Iron Works, of Buda, Ill. (Capital, $24,000. Railroad supplies and architectural iron work.)
Simonds Manufacturing Co., of Pennsylvania. (Iron and steel. Capital, $50,000.)
Iron City Milling Co., of Pittsburg, Pa. (Capital, $50,000.)
One hundred and twenty-five ton blast furnace, at Covington, Va.
Iron works at Jaspar, Tenn. (Capital, $30,000.)
Planing mill at Jaspar, Tenn. (Capital, $10,000.)
Peninsular Metal Works, of Detroit, Mich. (Capital, $100,000.)
Iron and brass foundry at Easton, Md.
Tinware factory at Petersburgh, Va.
Steel Edge Japanning & Tinning Co., at Medway, Mass. (Factory 800 x 60 feet.)
Horsch Aluminium Plating Co., of Chicago, Ill. (Capital, $5,000,000.)
Tin plate manufactory at Chicago, Ill.
Lynn Lasting Machine Co., at Saco, Me. (Capital, $50,000.)
Tin plate mill at Chattanooga, Tenn.
New plow factory at West Lynchburg, Va.
Machine works for Edison Electric Co., at Cohoes, N. H.
Haywood Foundry Co., at Portland, Me. (Capital, $150,000.)
Larrabee Machinery Co., at Bath, Me. (Capital, $250,000.)
Manufactory of mowers at Macon, Ga. (Capital, $50,000.)
Cooking stove manufactory at Blacksburg, S. C.
Nail, horse-shoe, and cotton tie factory at Iron Gate, Va.
Iron foundry and stove works at Ivanhoe, Va.
Wire fence factory at Bedford City, Va.
Nail mill and rolling mill with 28 puddling furnaces at Buena Vista, Va.
Car works by Boston capitalists at Beaumont, Texas. (Capital, $500,000.)
Car works plant at Goshen, Va.
Car works plant at Lynchburg, Va.
Nail mill at Morristown, Tenn.
Machine and iron works at Blacksburg, S. C. (Capital, $120,000.)
Eureka Safe & Lock Co. at Covington, Ky. (Capital, $50,000.)
Agricultural implements factory at Buchanan, Va. (Capital, $50,000.)
Tin can and pressed tinware factory at Canton, Md.
New hosiery factory at Charlotte, N. C.
$10,000 chair factory and $25,000 foundry and machine shop at Attalla, Ala.
Iron foundry and machine shops at Bristol, Tenn. (Capital, $25,000.)
Large skate factory at Nashua, N. H.
Stove Foundry & Machine Co. in Llano, Texas. (Cost, $100,000.)
Safety Package Co., at Baltimore, Md. (Capital, $1,000,000. To manufacture safes, locks, etc.)
Stove foundry at Salem, Va. (Cost $20,000. Capital, $60,000.)
Locomotive works plant at Chattanooga, Tenn. (Capital, $500,000.)
Fulton Machine Co., at Syracuse, N. Y. (Capital, $33,000.)
Chicago Machine Carving & Mfg. Co., at Chicago, Ill. (Capital, $50,000. To manufacture interior decorations, mouldings, etc.)
Standard Elevator Co., of Chicago, Ill. (Capital, $300,000.)
Wire nail mill at Salem, Va. (To employ over 100 men.)
The following firms are manufacturing tin-plate, or building new mills or additions to old ones for that purpose.
Demmler & Co., Philadelphia.
Coates & Co., Baltimore.
Fleming & Hamilton, Pittsburg.
Wallace, Banfield & Co., Irondale, Ohio.
Jennings Bros. & Co., Pittsburg.
Niedringhaus, St. Louis.
There is one other charge which was freely made against the tariff of 1890, that deserves a brief answer. It was said that the McKinley bill would stop trade with other countries, and that it raised duties “all along the line.”
A plain tale from the “Statement of Foreign Commerce and Immigration,” published by the Treasury Department for June, 1891, puts this accusation down very summarily.
BISMARCK IN THE GERMAN PARLIAMENT
I cannot pardon the historian Bancroft, loved and admired by all, for having one day, blinded by the splendors of a certain illustrious person’s career, compared an institution like the new German empire with such an institution as the secular American Republic. The impersonal character of the latter and the personal character of the former place the two governments in radical contrast. In America the nation is supreme—in Germany, the emperor. In the former the saviour of the negroes—redeemer and martyr—perished almost at the beginning of his labors. His death did not delay for one second the emancipation of the slave which had been decreed by the will of the nation, immovable in its determinations, through which its forms and personifications are moved and removed. In America the President in the full exercise of his functions is liable to indictment in a criminal court; he is nevertheless universally obeyed, not on account of his personality and still less on account of his personal prestige, but on account of his impersonal authority, which emanates from the Constitution and the laws. It little matters whether Cleveland favors economic reaction during his government, if the nation, in its assemblies, demands stability. The mechanism of the United States, like that of the universe, reposes on indefectible laws and uncontrollable forces. Germany is in every way the antithesis of America; it worships personal power. To this cause is due the commencement of its organization in Prussia, a country which was necessarily military since it had to defend itself against the Slavs and Danes in the north, and against the German Catholics in the south. Prussia was constituted in such a manner that its territory became an intrenched camp, and its people a nation in arms. Nations, even though they be republican, which find it necessary to organize themselves on a military model, ultimately relinquish their parliamentary institutions and adopt a Cæsarian character and aspect. Greece conquered the East under Alexander; Rome extended her empire throughout the world under Cæsar; France, after her victories over the united kings, and the expedition to Egypt under Bonaparte, forfeited her parliament and the republic to deliver herself over to the emperor and the empire. Consequently the terms emperor and commander-in-chief appear to be the synonyms in all languages. And by virtue of this synonymy of words the Emperor of Germany exercises over his subjects a power very analogous to that which a general exercises over his soldiers. Bismarck should have known this. And knowing this truth—intelligible to far less penetrating minds than his—Bismarck should in his colossal enterprise have given less prominence to the emperor and more to Germany. He did precisely the contrary of what he should have done. The Hohenzollern dynasty has distinguished itself beyond all other German dynasties by its moral nature and material temperament of pure and undisguised autocracy. The Prussian dynasty has become more absolute than the Catholic and imperial dynasties of Germany. A Catholic king always finds his authority limited by the Church, which depends completely on the Pope, whereas a Prussian monarch grounds his authority on two enormous powers, the dignity of head of the State, and that of head of the Church. The autocratic character native to the imperial dynasties of Austria is greatly limited by the diversity of races subjected to their dominion and to the