US Presidency
1912

Consideration of this fact and some reflection upon the necessary effects of a scientific tariff system and a foreign service alert and equipped to cooperate with the business men of America carry the conviction that the gratifying increase in the export trade of this country is, in substantial amount, due to our improved governmental methods of protecting and stimulating it. It is germane to these observations to remark that in the two years that have elapsed since the successful negotiation of our new treaty with Japan, which at the time seemed to present so many practical difficulties, our export trade to that country has increased at the rate of over $ 1,000,000 a month. Our exports to Japan for the year ended June 30, 1910, were $ 21,959,310, while for the year ended June 30, 1912, the exports were $ 53,478,046, a net increase in the sale of American products of nearly 150 per cent.