New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-07-28
FORETGN TRADE-A CONTRAST

The exports from this country Tor the nscal
year ending June 30, $780, exceed by 100 per
cent those for the fiscal year ending June 30,
1870. During the same time the increase In
the imports has been only 50 per cent Look
ing back to the last year of Democratic rule,
we find that the exports Of domestic products
exceed those of 1860 by $50 per cent, while
the imports for 1880 exceed those OF 1850 by
80 per cent.
These figures arc based upon the official
report from the Treasury Department for the
fiscal year 1880. In 1860 exports of domestic
products fell short of imports by $37 100000
and in 1870 by $59, 600, 600, but in 1880 the
excess of exports of domestic products over i'm
ports was $156, 100000. The policy OF tine
Republican party certainly has not diminished
exports, for the increase since the last year
of Democratic rule has been $50 per cent,
while the increase in population has been less
than One-half as great. On the other hand,
the policy of the Republican party has not sup
pressed imports of foreign goods, as some III
informed orators and writers suppose. On the
contrary, the increase of imports, 80 per cent,
has also been much greater than that OF pOpu-
lation. What the Republican policy has done
is to prevent an excessive and dangerous in
crease of imports, beyond the power of The
country to meet by its shipments of domestic
products. In 1860. the country was sending
abroad, of all goods, foreign and domestic,
$2O,OOO,00 less than it imported. This was
the result of foui teen years of uninterrupted
and peculiarly prosperous traffic under Demo
cratic government, and then, il ever the Dem-
0cratic policy appeared at It's best But the
net result of the latest year OF Republican rule
Is an excess of exports over Imports Oh
$167 COS, 359. In other words, the country
ran into debt at the rate of $20,0OOOOO a
year at the end of long period of Democratic
government, while it accumulates wealth at
the rate of $167,000,000 year at the end of
twenty years of Republican rule.
The official report as to the oyement Of
specie calls attention TO the same remarkable
change in the condition of foreign trade. In
1860, the latest year of Democratic govern
ment, as in either of many years preceding, the
country sent abroad nearly all its specie pro-
duced from the mines This happened also,
not less, during the period of gTa dual recovery
from the effects of a Democratic rebellion,
and at a later day, when the restoration of
specie payments was resisted and delayed by
Democratic influence. But in the fiscal year
1850, the first after resumption had been ac-
cOmplshed by the wisdom and firmness of Re-
publican statesmen, the excess OF imports
over exports of specie was $75,S91 ,391.
Against this vast sum, added to the wealth of
the Nation by importation during the latest
fiscal year of Republican rule, the DEMOCRATS
can show nothing better than the net loss of
b. Il tha lof of
cratic rule.
1t is not surprising that, in the opinion of
some Democratic politicians, the Bureau of
Statistics ought TO be abolished. 1t does gall
them exceedingly to have the most effective
campaign documents for the Republican party
issued by official authority from those bureaus
of the Government which are created to
record, and which do record nothing
but naked facts. The growth of the
country, of its commerce, and especially of the
foreign market for It's products has been per-
fectly marvellous. The change in the public
credit, as another document recently issued
most completely proves, has been wonderful
If the Bureau of Statistics would show in
another report, the increase in production of
wheat, corn, cotton, petroleum, iron. coal,
packed meats, and other principal products,
since the latest year of Democratic govern
ment in these United States, the contrast would
be singuarly effective In order to WIN, the
Democratic party needs to abolish facts. What
that party needs in its own opinion-is to
substitute campaign SANDERS respecting some
of the purest and best men of the Republican
party, for official records showing the marvel
lous development and prosperity which the
country has attained under Republican ad-
Every record of facts is an argu-
ment against the party which stubbornly Iesists
the growth, prosperity, and advancement of
the Nation.