, 1875-02-02
A CONFESSION FROM PENNSYLVANIA.

"Ant- Crisis 1.eaguo " Of Philadelphia. Very
noteworthy things they aro. The A.-C.
League declares TINT our foreign debt, owed
by the nation, the States, corporations, etc.,
is somewhere between $1,000, 600, 900 and
$4,000, 900, 600, The interest on this debt is
alleged to be'from $72,o0o,0oo to s12o,ooo,-
00D. We must, therefore, export this amount
Of specie cw,ry year to pay interest nlone.
Nor is this MI. We havo thought, annually,
during tho last eleven years, on fill average,
100000, 900 worth morn merchandise than
We sold" Tliis surplus must bo pnid for with
gold. "Thero is necessary demand snys
the Anti-Cris;s circular, "ior from s172,-
100000 to 8220,0D0, ,o0D, witt. m annual
production of only about $G0, 900 Of coin
and bullion
Our annual product of specie is somewhat
greater thaa the figures given, but the differ
ence does not affect tho substantial accuracy
Of tho nrgunsont. Tho "Anti~ Crisis League !"
is quite right. During eleven years, TINT is,
during the time since high tariff rot into
full operation, wo have been steadily piling up
our foreign debt, until now onr Interestingly
inents to Europe for exceed our annual product
Of specie- Pennsylvania has had tho thrill
raised nesnly dozen times sinco 1861. Her
boasted '!l,eory Of ~ Protection has had
fair and /, long trial. Now comes tho confess
sion from Philadelphia the headquarters Of
Protection" that while the tariff, which
WIS to Make us rich end independent
Of all other nations, has been in
existence, Our dependence on foreign nations
has constantly increased! What, indeed,
Las tho high thrift dono Tor Pennsylvania !?
Her furnaces arc blown out, her factories aro
idle, her mines aro abandoned; Ton ScoTr
leclnres, in his printed ploa for n subsidy,
that ho had ordered iron from number Of
Pennsylvania works simply to give them n
clauca to employ their men; and the whole
State groans and walls over the depression
Of her business and prnys the National Gov
ornmant for holp. Let the condition Of
things in Pennsylvania today answer tho
question, ''Docs Projection protect y
Tic Anti-Crisis Hague, seeing that NO
cannest pay for our imports and our interest
on foreign debts in agricultural products md
gold, remarks with great foroe "We must
havesanothcr wey to pay our interest; ns
mist pay It aeitA merchandise. Precisely 30.
We must export moro. TITO product oi
tho plow and tho hoe must be roin,
forced by those Of tho loom anG
Tho anvil. At present we export littlt
except tho surplus crops Of our farmers
Oar exports, therefore, contain comparatively
small value in great weight and bulk, and
therefore the cost to the value Of sending
them to foreign markets is excessively great
end leaves but small profits. One-half Of OIL
population lire OH farnls the other half il
towns. 1t il not possible that tho 10000, ,0ot
Of farmora should export enough grain ami
meats to pay for MI tho foreign articles con
au1ucd by 100000 people and defray th'
interest on our foreign dobt besides. II.
must set the other 10000, Don OF townspeopl
to exporting their surplus products. Womus
send abroad articles upon which much labo
haa boon expended, and which, therefore
. have great value in small space and weight
Every hour Hpent by an American meohani
on an exported article helps to pay for Oh
imports ind defray our debts abroad. It add
value purchasing to the commodity
1t is absolutely necessary, if VIC aro to homo
Our paper held In Europe, that VIC should pm,
. our interest with the aid OF steam-power,-
otlor WORDS with merchandise. Wo mus
then export more merchandise.
So far the Anti-Crisis League Ia quite right
TuE TRIBUNE agrees with it In its unwillin
, declaration that Protection" has put th
country, including Pennsylvania, into pitt
able plight, and in ita suggestion, that th
J | way to get out Of our troubles Is !" to expos
more merchandise" wo ore in perfect agroe
: ment.
4 How does tho Loaguo propose to carry Il
, suggestion into effect? The rcRson that "
t do not now export our manufactures Ii bt
I cause high duties on raw materials and 0
articles Of universal consumption mako th
manufacturer lny more tlan his foreign rive
does for the material which he works up, fo
, tho wagca Of tho labor llo employs, for tn
t machinery be uses, and for the transport c
] Ills products from tho p1aca Of manufactur
o to the seaboard. Ho cannot, therefore, con
J. peto with lis rival in the markets Of tn
X worll. This Is what the high tariff docs fc
t tho manufacturer. It gives him Bomewha
z higher profits in the limited homo market
u but it shuts his gooda out Of all othe
t markets in tho world. Since, then, our gres
d need is to increase our exports, aud sincs
t high tarH prevents expectation Of essrythin
i. except unprotected farm products, the plai
b remedy is to reduce ths taria, which operate
. exactly Is psohibitory export tax. Then g!
!. ports will increase and the eud sought vi
= be attained.
|. Thia, however, Is not the remedy propose
n by the Anti.Csisis League. But what do o,