The Bottineau pioneer. (Bottineau, N.D.) 1885-1895, 1890-07-26

T6is greed OF the Pe~nnsylvanta manu-
lecturers recalls = witty passage In the
tariff speech Of the late Sunset Cox in
the house Of Representatives. May II.
1883:
1T Is said, sir. of the infant Hercules
that when he was sucked BY his mother
he pulled 80 hard that he spilled the lao
teal fluid and produced the milky wayi In
the heavens. Hercules ID Pen~nsylvania."
[Applause and laughtef.I
Philadelphia has number OF idle mills,
and others threaten to shut down sun-
less something is done" Instead Of PEI
titioning congress for free wool, which
many, to be sure, favor the movement
is for higher duties. Like . man rollick-
ing drunk, they must have another drink
and still another, il 1t lands them Ia the
gutter.
But the prohibitory duties Of the low
high tariff maker will have an effect
which will delight the soul Of Chief
Headsman Glarkson. This correspondent
Of The Dry Goods Economist says: lin
view Of the prohibitory duties which the
new act will impose, one or two foreign
manufacturers have visited this city and
are considering the question Of starting
up the empty mills. r. the Mckinley
bill becomes law there Is no doubt
there will be an immigration OF some
well known foreign manufacturers to
this locality"
lists, who parade themselves as the only
true defenders Of what they call Amer
lean interests" should take delight. like
Clarkson, in the fact that European man
ufacturers will be driven by the Mckinley
bill to establish manufactures here. It
is one Of the pet notions Of the Projections
lists that protection helps us to export
more than we import, and thus money
flows into the country" In this way the
innocent souls fancy that t'ths balance
Of trade is kept in u favor, and we are
growing rich"
But last year the balance Of trade"
was in our favor to the tune Of $56, 1885,
600; and this sum, according to the pro-
tectionist theory, ought to have Flowed
into the country" in money. But it did
not. On the contrary, we sent ont Of the
country in gold and silver coin and bull
ion the further SUM Of $e0,4Os, 900. This
makes a totalo OF Silt, $4,000 which went
out of the country with absolutely moth
ing coming in to take its place. The ex-
PLANTATION is that this sum-made up OF
money and commodities-went abroad to
pay interest to foreign bondholders, own
ers Of factories and other properties 10
this country. and the owners Of the
foreign ships for freight on our exports
and imports.
The British syndicates," which have
been the bngbear Of many ~protectionist
people for the past few years, have taken
away q large proportion Of this money,
and will take away more and more in the
future.
These facts and figures are stated here
in order to ask how protectionists can
be pleased to learn that foreigners will
| open factories in Philadelphia. Do moi
the simple souls see that If this notion
Of theirs be true about money flowing
into the country" when our exports are
more than our imports, that the plant.
ing Of foreign Industries will make the
money flow out Of the country faster
than ever instead Of the contrary result
which they so much desire? The for
eign owners Of these industries mus
collect ON the other side the money they
have made over here, and this must q
from here either in specie or in produce
But how about money flowing into
the country then? When the outward
stream has thus been augmented by tht
vary protectionist legislation which wa
to keep it flowing lin our favor" how
shall the righteous souls Of Mckinley
and his protectionist. cohorts preserve
their equanimity? Will it not be a STATE
Of things for them to view with alarm?