Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1880-09-24
Our Immense Foreign Trade.

1
me,cc oi the United States has only
begun to grow 20 what it ought to be.
INT it has at least made lustv begin
ring. The encouraging report which
we had recently T. make IN regard to
the ceLc.ai business condition and out
look is now tittingiy supplemented by
the official statement OF our imports
sid exports for the fiscal year ending
Jane 3Oth. This statement discloses
,apiI and most gratifying development
If orr foreign trade. TIE value Of the
imports ant Exports last year was 81
sos 90, iS9, this being 81 per cent
greater than their value Ia 1870, and
ll9 per cent greater than their value III
1850. No. only was the value Of the
foreign trade last year larger than dur
ing any previous year N our history,
hit il exceeded the value of that trade
in the year immed atcly preceding by
the notable sum Of S}i1 ,0d0, 900, or an
increase of 80 per cent. This is GER
..inly satisfactory and promising
growth, and the more so in that it
stands for legitimate building up
and extension OF trade, and was not the
result Of adventurous circumstances.
Il WAS not a speculative and uncertain,
5at steady and healthy growth.
Looking into the details a little fur
Tier, we find tina. the exports from this
country during the last fiscal year ex-
ceeded those of 1870 by 20 per cent,
while the increase of the imports WAS
but So per cent This speaks strongly
for the development of our home in
iustries, which have both SO we'll kept
pace with the lncreacing demands of
The people here, and made In addition
constantly enlarging place for their
products in foreign markets, where
they meet the competition of the world.
In 1860, again, the exports of domestic
PRODUCTS were less than the Imports by
some SO, 900, 600, and in 1870 10y 81.
900, 600, leaving the balance OF trade
steadily against rs, and draining this
country Of large quantities OF gold
which it sorely needed to keep at home.
This last year our exports exceeded
the imports by SlG1 sos $50, making
very comfortable balance in our favor,
though not SO large by nearly $780,
900, 600 as i'll 1919, owing to the fact
that, having more money to spend i'll
luxuries, our people have spent so
much more of it abroad. Tho balance
Of trade III our favor was less than So
90, 900 in 1874 the irst year since 1862
in which it was not against us; in 1877
i sprang up to Sljl 1o2 ,O94 and in
1878 to $50 .el4 ,234. The growth has
not been one sided, moreover. While
.he increase of our exports since 1850
has been $50 per cent or more than
double the increase in population, the
increase of imports has been 50 per
cent, also greater than that of the pop
ulation. We are Iot committing what
the political economists call the fatal
error of selling without buying again.
but the demand III Elrope for the re-
sources in food AID merchandise which
are practically lnexhaustible in this
country, has of late years turned the
tide of trade to this side of the sea.
The exports of coin and bullion dur
ing the last year were about 81 5000
less than during the preceding year,
and the imports we're So 700, GOO great
er. This 10 not less significant than the
figures relating to merchandise. For
.he first time since 1861 the imports Of
coin and bullion exceeded the exports,
and by the handsome sum of S75, $751;
J9l. In 1860 the balance was against
rs by So 800. 104, ard in 1870 by &3l,-
73G. ASH, while in 1871 it reached ST.
III ,9G4. Taose facts show a material
advance full of promise. But COM
pared with the alrost boundless posi-
bilities of production, the foreign trade
Of this country is in its infancy. For
the development of our resources
new markets must be made outside of
those in Europe. They are at hand in
the great South American countries,
and to them our merchants must soon
look for an outlet for our surplus
products--a Surplus which, to quote
the languageof shrewd business man,
in comparison with what America will
produce fifty years hence, is but the
chickenfeed of the country. Now, in
the extension of the foreign trade, let
but the ocean be once more dotted with
American ships bearing American car
goes to the peoples OF the earth in
whatever quarter, and this country will
be advancing on sure basis to u per
nanent prosperity. ". Y. Examiner
md Chronicle.
A large monument has Deeu or ected
at Kahoka, NO.. with the following in
scription "The Spencer Family
We are all here. murdered with an AK,
night of Aug. 3, 1877, at their home.
Their bodies lie beneath this tomb,
their virtues about it," 1t marks the
spot where the five members OF tho
Spencer family were slain, and its
dedication. with elaborate ceremonies,
drew together 10000 persons, so great
lad been tho excitement over the crime.
The deed was palpably committed by
one man, who killed his victims one af-
ter another as he came upon them; but
who lie was has never been ascer!ained
Bill Young was hanged by Il mob, but
jGry had acquitted him, and there
was nothing at ali proven against him
except his bad character. His las.
words were : 81 am as innocent OF
this thing as the angels but the lead
ers of the lyAchcrs replied Ioa'rt
good man to hang, anyhow Ills
wife has now sued the county for SO
300 damages
A DOG STORY WORTH THE TELLING