New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1890-10-15
FRUITS OF PROTECTION.

FRUITS OF PROTECTION.
Figures Showing our Advance
in q Quarter Of Century,.
Cur Wealth Nearly QuaGrnpsea--
Many New Industries Created
Eaig:a Standard of Wages raasrs-
Iainei--iMcrease In the Peoples.
savings.
The wealth Of the United States. in
1850 was sixteen ti,o,s.nd million dbl
lars, one-half Of whlcn was destroyed
during the civil war. In June, 1887, our
wealth touched the imperial figures Of
sixty thousand millions, earning seven
millions each days In 1860 the wealth
of the United States was $$415 per capita;
in 1887, 81 600 per capita. In these years
of Protection the United States has
earned over one half of the sum added
to the worlds wealth during that time.
We nearly equal Great Britain in pro-
duction of iron, and excel her in the
production of steel. In 1860 manufact-
ures in the United States amounted to
81, 800, 600, 600; in 1887, to 81, 900, 600, :
GOO. Our total industries now amount
to $11, 900, 900, 900.
The Western States manufactured
nearly as much in 1887 as the whole
country in 1860. The Southern States
alone now make 10 per cent. more pig
iron than was made in the United States
in 1860. The annual product of the
United States exceeds that of England
by more than one half, and our trade is
double that of England. England has
increased her commerce less than six
times since 1860; the United States has
increased her commerce more than six
times. While England has increased
her export trade four times; the exports
of the United States have increased
eight times In these years, from the
third producing power, we have risen to
The first. Up to 1850 the entire exports
Of the United States were $4,000, 0O0,-
900; since then they have amounted to
s14, 900, 600, 900.
Protection has practically created many
great industries since 1S60-crockery
sllk, steel rails, &C., employing countless
laborers and distributing thousands Of
millions of money among our people.
From no steel rails produced in 1867 we
have risen to 2, 1O1, 904 tons produced in
1887, cheapening the cost of rails. en-
abling us to increase our railroads from
80, 900 miles to 161, 900, and reducing
cost of transportation to less than half
what it is in England. We have now
more miles of railroad than all Europe,
with rolling stock worth nine times the
merchant marine of England, and our
inland trade is twenty times greater than
her foreign commerce.
Protection, by creating home markets,
has increased the value of our farms from
6,645, 046, 007 in 1850 to $40, 1872, OO6,-
776 in 1880. It has in the same time in
creased our farm products from 81, G75,-
724, 972 to So, 726. 321 1922 OF this vast
increase less than one tenth has been ex-
ported; more than nine tenins has been
consumed at home The want of au
adequate home market for our wheat has
put our wheat growers at the mercy Of
half civilized India The only remedy
is to diminish production or increase the
home market.
Protection has maintained the high
standard of wages in the United States,
which is double that of England If the
American laborer Nould live as English
laborers do he could save 81 per cent. OF
bis wages. They save only 2 per cent.
OF their wages. American people should
not, and will not, submit to the low
standard of wages prevailing in other
countries. They decrease the purchasing
power and the consuming power of the
people. Free-Tr in England meant
cheap bread and has ruined her farmers.
FreeTrade in this country means cheap
labor, diminished power to consume,
low prices for farm products, and in the
end ruin for our farmers.
Protection has increased the savings OF
our people, There is deposited in the
savings banks of the State of New York
alone $500, 600, GOO, which is $500, 900, O0o
more than the entire accumulations in
the savings banks of England in four
centuries.
Protection has diversified as well as
created industries, It has opened new
and fruitful fields for the cnlpioymen1 o.
women. 1t has enriched and educated
our people and qualified them for the
duties Of freemen. High wages have made
happy homes and good citizens. There
never was on this earth a people SO free,
SO prosperous and with such splendid
possibilities as the 10000, 600 that dwell
in this republic. Shall the Protective
policy which has accomplished this be
overthrown9
Protection Docs Not Enhance
Prices.