Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1885-03-31
DAILY posT-INTELLIGENcER
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a WEED AbotF WEE
The extent % which shs mau1fact0r
inc Industries Of the United states are
urosteatsd 10 1sost forcibly shown oy
statements Of tbs amounts paid to
waeexerkers dsrisg the past fsS years
In the single STATE Of Corne1tseos the
amoans 20 paid during the year lsS"
vas. In round nambsrs, forty million
dollars ; in 1854 it was hftesn naiilion
aellars. and from prsseui indisstioos II
viii NOT exceed ten million dsilaIs dur
inc lssS--thas Ia, the amount paid 70
waoexoFkers during The present year
will be about ospe-foursh Of the amount
which was paid twO years ago u u
suy wonder that ne are suAering ffon
q hard times" and is Il not unnecessary
10 look for the cause Of the bard times
further than 70 COR silent mills 70 our
factofies. In which the wheels do not
taYu and tie spindlss remain inataes-
ableY Tho truth Of tie whole foastsf
IL that we are suffering from an eneF
nous oysrproduction, and better times
cannot be expected until our sHrpsns
stook OF aar.ealtarsI and manufactured
products 10 materially reduced. TIE
snormoas bank reserves reported from
week TO week, large ~ they ara, repre-
ssns oi.ly small portion Of the capital
withdraxn from manufacturing. and ~
We read Of each increase in these re-
serves, we may rest assured that that
Increase represents more faSsoFiss shot
dovn-more workingmen without vork.
Il In not easy 70 foresee the enc.
whea the large stoek Of manufactured
goods now held in the United States IL
redaced sufficiently 70 need repsenish-
ING. the factories will be once more put
In operation when IL becomes prons-
able 10 rsinvest the capital Withdrawn
from manufacturing. 1t sill be done,
and Il will not be doEe before. The
necessary reduction IN the surplus stock
may be brought about In one of two
ways. II may be the result OF gradual
and normal consumption. In that case
n general revival OF business cannot be
expected for many months 20 come. On
shs other hand, a great foreign war
snch AZ IL threatened. would reduce our
surplus stock very quickly. and would
aid materially ia reviviDg our indus
tries. Not only would there be a direct
foreign demand fer our manufaet ured
goods, bot the unonsy pat In circulation
by foreign purchases Of proviSions
vould come into the hands of the far
mers ; and AZ a man who has good
deal Of money may be depended upon
To bay more Roo1s than man who II
short of funds, the home consumption
of manufactured articles would be ma
serially increased
"But,r IL may he asked. Suppose the
Htock Ii sufficiently reduced, and the
factories are onoe more put int opera
tion; will there not soon DO another
surplus a. great ~ that Of today r
That Ia one Of the most perplexinR OF
the questions that the near future will
have 10 answer. IL cannot be denied
thai there are facilities in the USited
States for turning ont a much larger
quantity Of manufactured articles than
the people. under ordinary conditions.
can consume. The normal supply ex-
eeeds the normal demand. There Is but
cue effective remedy for the Ills under
which we are nos suffering that is at
the same time preventive Of future
ills Of the same nature. Our foreign
commerce must b.s built up at any cost.
and all treaties made and subsidies
granted with this end 10 view
should received the warm appreciation
Of the people. II We cannot consume
our manufactured goods, aud Il the
people Of Peru. fer instance, want just
such goods. u Ia wise policy for ua 10
convince the people Of Peru that our
goods ara as chear and as desirable as
any others. II we cannot ourselves
consume eur manufactured products,
and II the people Of Peru are willing TO
help ~, We would sertainiv be following
tho dictates Of sound public policy in
permitting them ~ do 90.