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the benefit of capital and labor engaged in say that this legislation is for these industries. We say that such legislation is to enable Americans to be fed and clothed by Americans, to enable American labor to live under conditions different from and_ better than those which prevail in other coun- tries. It is to make our country self- sustaining in every necessity and al- most every luxury; it is to promote and encourage the skill of our arti- sans and the active employment of our capital that we may successfully with other countries. compete industrial rivals and Now having subsi- dized railroads to go over the moun- tains to connect the Pacific and Atlan- tic coasts,*having spent hundreds of millions to improve rivers and water- ways for our internal trade and har- bors for our foreign commerce, we balk at the same policy that we may reach under equal conditions. competi- tive markets outside of our own coun- try. Senator Depew pointed to the fact: that the ocean mail bill contemplates no diversion of funds from the public treasury. The ocean mail service at present pays an annual ed service under the new bill would not exceed that sum. PIG IRON SITUATION. The awarding of contracts by the national governmient, as well as mu- Nicipalities, and the buying of wire, tin plate and other products moze or less directly affecting the farming . community, continue to support largely the iron and steel market. cision of the Chicago, Milwaukee & St. Paul railroad to begin building 2,500 stock cars and 70 locomotives at its Milwaukee shops is one of the en- couraging signs of increased railroad activity. A surprising number of small orders in finished lines, especially struc- tural material and malleable castings, has developed of late. The Steel Cor- poration shows slightly increased ac- tivity, and the large independent in- térests report orders for March amounting to 10 per cent more than for February. The Corporation is con- tinuing the new construction ordered last year. The American Sheet & Tin Plate Co. expects to operate next week within 5 per cent of the. capacity in prohit of $3,600,000 and the cost of the extend- © The de-° "TAE Marine Review Operation one year ago, the demand from canners being especially heavy. The pig iron market! continues dulk Southern iron has been sold on a $12 Birmingham basis, but sales have also been made at a higher figure. The new price schedule is being generally adhered to in the central west. The coke market is weak. The fear of a strike of coal miners has had little effect upon it, and coke prices remain irregular. GREAT LAKES TOWING.' At a meeting of the directors of the Great Lakes Towing Co. held this 'week Edward Smith was re-elected president 'and Mr. treasurer. Since 23 Chairman of the board, General George A. Garretson; president and 'treasurer, Edward Smith; secretary, M. H. Wardwell; executive commit- tee, General Gages A. Garretson, Robert R. Rhodes, H. G. Dalton, A. B. Wolvin, Capt. James Davidson, Capt. "D-. Sullivan, I Bowers, C. E. Grover and Edward Smith. The steamer Eugene Zimmerman has been held to be entirely at fault in the collision with the steamer Saxona in St. Mary's river in April, 1906. This conclusion has just been reached by a board consisting of W. B. Cady, of Detroit, and Harvey D. Goulder and Hermon A. Kelley, of Cleveland. PRESIDENT EDWARD SMITH OF THE GREAT LAKES TOWING €O. Smith took hold of the affairs of this company it has been placed upon a sound basis, both physically and financially. He has consistently fol- lowed the policy of steadily improyv-~ ing its physical property even an- ticipating its needs in this particular with the result that the company is well equipped to promptly perform all the functions of its varied business. Naturally its earning power has been developed to the highest point. Officers were re-elected as follows: It will be recalled that the Zimmer-. man was on her maiden trip with coal when the collision occurred. Her stem was crushed in practically to the screen bulkhead and her cargo hold filling with water she sank almost im- mediately. What with the work of salvage and repairs she was out of commission a fair part of the whole season, entailing severe losses. van, of Toledo, and the Saxona by G, A. Tomlinson, of Duluth, The» - Zimmerman is owned by L. S. Sulli-