Telegram-herald., 1890-07-13
RaIANcK - -.


tFat.On. tue balance. between our ex-
ports and imports, MAS over S544 go /
Go Ia our favor, 2nc II the l4st wear
OF that administration tue annual bal- 4
ance was sl64 .0oo, 600. Tnls was the 1
coalition OF our export and import 4
trade at the time Mr.. Cleveland Was 4
placed az the head Of sffaiTs 10 this 4
Government. Daring MS admiustEz-
ton Il had fallen from those amounts,
until, al the close OF MS administration, /
or az the last annual balance or /
the same, the balance OF trade /
against the United States was s2s ,o00,- /
GO. This turning Of the balance sheet
occurred when the Democrats had only
the executive, and the Lower House of
Congress, and while no actual change
OF our tariff law had been made. What
would have been the showing of the
balance sheet II the Democrats had had
the executive and bOta branches OF
Congress, SO as 10 have put their tanf
theories into full execution, we are un-
able 20 say. But business - very sensi-
tive, and any threatened, or possible
change IN It's basis, Immediately has an
effect thereon. Mr.. Cleveland had de-
nouneed the tariff law as "inequitable,
Illogical and pernicious," and Mr.. Man
ming, his Secretary OF the Treasury, had
recommended in his first report to Con-
gress, that 1t put on the free list as
many articles as possible. Reduce
duties on every dutiable article 10 the
lowest point possible" This character
.zing OF the revenue law, and the
recommendation of the Secretary of
| the Treasury, followed, as they were.
| by the efforts of the Democrats in Con-
| gress TO change the same, meant, in the
| judgment OF the business world, virtual
/ free trade, If successful, and the posi-
blhty that It might be SO had the effect
/ stated. In connection with the sltua-
ton of our export and import trade, as
| hereinbefore mentioned, and out OF the
same, arise two main ideas. The first
is, that the Democratic claim that our
revenue law stands in the way of sue
cessful export and import trade TO the
United States is unsound, for such
claim is refuted not only by logical
theory, but by actual demonstration, as
evidenced by the foregoing statement
of our balance sheets. The second
idea is not like the first, al
though arising out of the same
connection, but is paramount thereto,
and of greater Importance to us all. 1t
Is this, that when the balance of trade
was against us TO the amount of $685.
100000 1t meant that we had to pay
that amount for foreign labor and ma
terial, which that amOuntrepresente in
imports, and by just so much were our
own material and labor displaced, for
every time a foreign article is pur-
chased for use by us, domestic arti-
Gle is either displaced, or is production
stopped, and the material and labor
which did enter, or would have entered,
into its production lie dormant.
How, let us ask, are the people, or
the country, to be permanently bet
tered by having labor and material
within the country lying dormant?
Whenever an article can be produced
from our own material and labor, it is
suicidal for us to purchase 1t abroad to
be used at home. The great objection
to Co bdenite free trade is that it is a
continual depletion, without any ade-
quate supplying source. How long
could we continue TO send our money,
or unwrought material abroad, in ex-
change for foreign manufactured pro-
ducts to be used by US, and prosperity
remain with the people, and the bal
try2
Many channels of thought lie along
this line, which will appear to a think
ing reader, but here it must be suffi-
Gent to remark, that as water Is puri-
fed by lts continual action, so IN the
continued energies of our people, right
ly directed, and IN the development of
OF our country's wealth and resources,
lies the true hope of the permancy OF
It's institutions.
THE Democrat arises to remark that
Speaker Reed has supreme contempt
for precedent, law and propriety." 1t
might have added, "and for skulking
Democrats, also" And a Democrat,
who IS simply q creature of precedent,
whose "dOughfaceism" to precedent
obviates bis ever learning anything new,
Is certainly worthy of contempt only.
And the Democrat IS q Democrat of the
, / Democrats.
y Is 1870 there we're about 200. 900 com
q / mercial travellers in the United States.
I The number IL now about 400, 600. Com
. mercial travellers are an intelligent,
. vide awake class Of men and are Re
+ publicaus by a large majority. May
/ their shadow never grow less.
. Ms. Hu.E has visited Indianapolis IL
the capaoity Of = political fence builder
Now Mr.. Cleveland is gong there in tht
7, same capacity. Keep i up, gentlemen
I but the Republicans VIII foreclose then