The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-08-08
world, according to the report of the di-
rector OF the mint, is as follows:

Peru....................... 62,0S5 s199S3
Portugal ....-..........- 1O,OO0OOO 1o,OOO,OOO
Russia ......- los, 100000 100000
opaln--..-. l3U,VUO,OOO WiVOOiuUO
Sweden .................. -. 100000 3,120,000
Switzerland................ 60,00O,OO0 34,700,OO0
Total............ s. 87e, s4O,975 s1,O91, ,9Os
united States......-.-... 413,SZI,ofS 50Z,ooo,o4S
Brazil has no coin, but we sent her last
year SS,06l ,653 worth of products. If
Colombia had paid for her S5,97S,965 in
coin, where would the coin have come
from? Would Great Britain have sent us
1868, 1911 Where would Canada have
got the S33, 49,, 403 with which to pay for
what she bought? Any purchase in coin
would bring on monetary crisis IN the
country using it. Imports must pay for
exports; exports must pay for imports
All commerce must in the end be barter.
This is the iron-bound law of trade. The
republican leaders know this. Their pro-
posal to check imports and reduce them
to what cannot be produced in this coun-
try means that they propose to cut down
our exports to less than Sl00,000,O00. 1t
is our exports against which war has been
declared. Imports are merely our pay
Tor exports. We cannot export If we can
not receive payment. Ii we cannot ex-
port We must stop making a surplus.
WHO MAKE OUR EXPORTS.
Last year "A per cent. of our exports
were agricultural products-the surplus
left above home consumption. In 1879
the total value of all agricultural products
was 3, 213, 402, 5S4-S546, 476, 703 of which
was exported and 81 $3.50, 925,S61 kept to
supply the home market. There were
$3.50, 493 persons engaged in making it
5,773,00 in supplying the home market,
and l ,S97, 4S5 in supplying the surplus for
export. Taking it as fair proportionately,
that the same amount of labor is required
then as now to raise 81 worth of grain-it
takes little more, as there has been fall
in price-it required the labor of 1875, 534
farmers to produce the 1923, 073, 79S sur
plus exported last year and exchanged for
part of our impc5Ss. If the other products
mines, forests. petroleum and other in
dustries-were in the same proportion,
and the difference one way or the other
can only be very slight, then ?, 49, ,927 per-
sons we're employed to make the whole
surplus exported.
To destroy our imports is to deprive
every one of the 2, 49,, 1927 workmen of his
present employment.
To check our imports is to deprive
them of their employment in the exact
ratio of the check. A 'check" of 10 per
cent means that 10 per cent of these work
men, or 243,79 shall be deprived OF
living A "check" of 40 per cent. means
that $40, les persons shall be discharged
from work. A ''check" of about so per
cent.-the least that the most liberal read
ing of the republican platform can as
sume-means the discharge OF 1885,
persons now engaged in profitable and un-
protected employment.
WHY SHOULD OUR EXPORTS BE DESTROYED
There are :, 49,, 927 of our bread-winners
engaged in profitable employments, and
the republican party in convention as
sembled solemnly declares that they
shall no longer be permitted to
continue in their present labor;
that their work must cease! Why?
What motive or explanation can be given
for such an absurd and preposterous de-
mand?
Go back to the table showing the pay
ment they receive for their products.
The republican platform admits all that
are not manufactured and excludes all
that are. Manufactures is the key to this
extraordinary proposition.
Last year our 2,437, 1927 bread-winners
who made the surplus exported received
payment for it mainly in manufactured
foreign goods. This payment when re-
ceived by the producers entered into d.
rect and open competition with the
American manufacturers OF the same kind
of goods, The total value of the foreign
manufactured goods thus entering into
competition was S412,279,077. A large
part of the remaining S2S0,040,691 was
partly mountaineering for example.
The doctrine laid down by the republic
can party is that it is crime for one
American workman TO enter into compe-
tition with another American workman, il
he can beat him.
The American workmen engaged in
making here products that can be made
cheaper in Europe are acting correctly
and wisely when they enter into COMPETE
ton with these agricultural surplus-mak-
ers, because they cannot beat them and
must have protection" in order to live
say the republicans.
The unprotected 2,437,9 American
surpus-makers can produce American
grain and meat, send it to Europe, receive
payment in European manufactured
goods, paw a fine on them averaging 81
per cent, and even then unde rsell at a
profit the protected" American manufac-
turer engaged in the protected American
industries.
This is wicked, the republican doctrine
saws, because 1.-THE longer and harder a
man has to work for dollar the better
the man is Off"
OUR PROTECTED INDUSTRIES.
In all the United States there are, ac-
cording to the highest official estimate,
905, 5S5 protected" workers in about A.
500 protected mills, whose products enter
into competition with foreign labor. Over
so per cent. are in fifteen industries
Here is the list:
Industry. No. WortreS. Wages. Product
Carnats rQ5 % al ec e25 ofs col zo2 500