Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1888-11-23
HOW WE HAVE PROSPERED UN-
DER A PROTECTIVE TARIFF.
From tho Tariff League Bulletin.

epOCll IN 1901 tnefc was not ooVi-
0O0, 900 specie in the United States,
although the mines OF the United
States had up to that time, yielded
of gold and silver nearly 500,
900, 900. The bureau of statistics
estimated the quantity Of gold and
silver IN the United States in 1887
at 81 ,0O7, 900, 900.
The production of gold in the
United States between the year
1913 and 1857 vas over $685. O0,.
600, yet the tree traders say the
panic of 1851 was due to scarcity
of specie. Where did all the gold
go to? 1t went to England to pay
for goods which should have been
made at home.
The chief of the bureau of sta
tistics estimated the internal trade
Of the United States in 1886 to be
at least $32, S74,0 24, $50, or more
than double the value of the foreign
commerce o. the whole world.
The exchanges of the New York
clearing house in 1860 were 81 ,23i,-
1896; 1887 they had increased
to S3l,S72, S48,7SG.
The population of the United
States has Increased $4,000, 900
since 1860; during the same period
that of Great Britain increased
only 100000. The 25,O00,OO0 of
population gained by the United
States in excess Of England's
gain stands for a trade four times
as great as the whole of England's
foreign trade.
The production OF wool increased
steadily, under protection, in the
United States, until 1888, when
reduction in the tariff was made.
Since then falling off has been
noted. We now produce over
800, 100000 pounds; but free wool
would probably cut down the pro-
duct so that the manufacturer
would be at the mercy of the
foreign grower.
In 1862 the people of the United
States could only afford to con.
sumo OIL of pound per capita of
tea, and 346 pounds Of coffee. In
1887 the consumption of tea had
increased to 1.46pOunds per capita,
and of coffee to $50 pounds per
capita.
The expenditure for the mainte.
nance of the public school system
Of the United States in 1886 was
S1ll, 52l, 542. OF this amount $751;
932,06S was paid in salaries to
1876, 275 teachers. No other nation
in the world can make such a
showing as this.
In 1866 the cotton factories of
the United States only consumed
39G,323,llJ pounds of the total
prodnct; in 1856 the consumption
had increased to LIPS, 063, 5SS
pounds, or nearly four fold
In 1866 there were 1856 miles
OF telegraph wire in the United
States; IN 1887 there we're 524,Gi1
miles. The number of messages
sent in the first named year was
5.S19, 2o2 in 1887 there were Al
39l $50 messages. Another evidence
of the development of the country
under protection laws.
The total value of the mineral
productions of the United States ia
1887 was $685., O5G,3l a far greater
production than was ever attained
by any nation in a single year.
We raised 457 900, 400 bushels of
wheat in 1887, and exported 80 per
cent. OF the quantity. In 1879 we
exported 40 per cent. of our wheat
product. This means that our
home market is gradually becOm.
ing large enough to absorb our
total wheat production, and that
we shall soon retire from the bust.
ness Of raising a surplus that the
foreigner may profit.
In 1886 we raised $6l0,31l, 900
worth of corn, Sl3,l $50 of rye,
1856, 1890 of oats, S3l, SlO,S4O of
barley, S6,4G5, l20 OF buckwheat,
$7S,4i1,9i0 of potatoes, $685..
49, 500 of hay-a fatal of 81, 1850,
100000, all but about one per cent.
of which was sold in the home
market.
In 1910 the product OF pig iron
in the u nited States was
81 900 TONS; under the stimulus
OF the tariff OF 1912 it increased, in
1916, to 10000 tons; in 1850, after
four years of free trade, it decreas-
ed to 564, 755 tons, and 1860 it bad
advanced feebly to COZ, 900 TONS
In 1887, after twenty-five years of
protection, the product was G,417,.
liS tons. In the free trade era the
progress was backward under pro.
lection production increased oyer |
ten.fOld.
Tie annual value of the manu-.
features of the United States, ac-
cording to the English statistician,
Mulhall, exceeded those OF Great
Britain, in 1880, by $6l0,OOO. In
1890, If Our present rate of progress |
is not disturbed by suicidal legis.
latiOn, the manufactures of the
United States will exceed those of
Great Britain by at least $1,000.
100000.
The manufactures of the United |
States increased in value by 81.
030, 000,0 900 between 1870 and 1880;
those of Great Britain only IN.
crease $500, 100000 during the
same period. The disparity in the
ratio Of increase has been much
greater during the present decade,
and the census of 1890 will probably
show our product TO be nearly W
per cent. greater than Britain $
entire product.
In 1861 the wooden factories Of the
United States consumed lS5, 274,.
9l2 pounds of wool in 1885 the
consumption had increased to 424,.
i0i, 1909 pounds, and the output this
year will exceed that Of any pre-.
vious year.
In 1885 there were outstanding
S2GS, l09,5QO Of three per cent.
bonds, redeemable ut the option OF
the Government. in the same
year the cash IN the treasury
to S4SS, 0l2, 429j IN 1886
there was l92,0l7,171; III 1887
there was 1882, 433,9l7.2l. Yet
a. nrI raN,Hl, aoopu,u