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=WILLIAM BEVERLEY HARISON=
3 and 5 West 18th Street, New York City

* * * * *

[Illustration: THE GREAT ROUND
WORLD
AND WHAT IS GOING ON IN IT.]

VOL. 1 AUGUST 26, 1897. NO. 42


The most important news of the past week is the step which Great Britain
has taken in breaking off the commercial treaties with Germany and
Belgium, which have been in effect since 1865.

By the terms of these treaties, Great Britain gave her word that no
articles manufactured in either of these countries should be charged
higher tariff duties in her colonies than similar articles of British
manufacture.

For instance, on German and Belgian cloth, exactly the same duty is
charged in Canada and Australia and the colonies generally as on the
English cloth. You would have supposed that England, being the mother
country, would have been charged a lower tariff than foreign countries,
but according to the treaties this was impossible.

By breaking these treaties it has, however, become possible for Great