Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1890-08-30

government vas organized. Happily, the
great majority Of Ger peo5ls, without
strics regard TO party iiass. believe that the
resaits 70 the American people from the
protective policy have been inezieslsbiy
aeteeat,--sg greg4tinz in quarter Of a
century aatioaal and Individual wealth
| beyoad anything eTer dreamed of before in
the history Of he world.
l DO not meat.on protection because in
tend To speak in its defeaee before this
a9tisree. Tha, vosA b. needless, il
not al imp .rtiaent esorG. / merely wish
- proclaim it, Victories Without progee-
ton the United Sr4tss would have been
poor, iniee9. after the ravAges of the "a.
from 1851 70 lsg5. With protection every
ssctien his f0giishsd AMI prospered.
grosn and gained. Even where
revenue duties have teea laid.
with no expectation Of developing
| Industries. there have in many in
Stances been great auaneiai ani industrial
results The heavy duty on silk was levi
ed primarily, net for protection, bu. simply
% secure large reyvnae from one of the
luxurles of the rich. Bat a. L consequences
Of the dasy the silk industry has increased
so rapidly that IL constitutes one OF the
leading fabrics Of New Jersey one Of the
largest manufacturing States n the Union.
| / eouH readily adiace Other Illustrations
to the same effect.
As have realy sGtima'ed. am here
70 speak of an expansion of our foreign
trade not By any n0Tel process, NOT BY any
mode that will shock or disturb home ia
dustries. not by any mode that will inTi'e
our peop,e to rash experiments or that will
/ izH p a. IN tfrtFffuf 4ni La in
vestments. What | mean 10 spcak OF
briefly is a system of reciprocity, not in
conflict with protective tariff. but
supplementary thereto aud presenting a
| fell Of enterprise that will richly repay the
effor: and energy of the American people.
We find it instructive and valuable to er-
anime into the sources ot our imports. the
| destination of our ex 2orss, a-d ID str ke a
balance between the two. Take the list
year, 1889. In that year our whole exports
TO all the counties 10 the three continents Of
Europe, Asa aaa Africa, and 10 A ls,ralia
| Canada and Hawai-, amounted in round
numbers u COS mill 5ns Of dollars, aud our
! imports from all those countries amounted
in round numbers to 52g millions, showing
that from that vast trade, we hal a balance
of 1923 millions of dollars in our favor,
1 equivalent T. that amount of goli among
our people. But when sll the ace AIMS
were closed, ins'ei1 OF having l29 millions
OF dollars ia our favor We hal
a balance Of IS millions against
|
N n.'. 'o'' ~ an,'
',, ,,,V';' % - s " ,h y, 1.,,ioh
- a.,
n''e 'ei,ii'". ""eie N'A'i ~
ma ,,l Won We lost fo,tv.cns milton,
| in ruhs from which our i,nnorts were ~
milan, ami IN which our exnarts wsr.
only eleven million. Forsv.one miliian,
/, n nrettv L,r,a sum tn l,se in one i,lau
| in a sinpia vasr In the Rannhiic of Rr.zu
We lost ai,v.one millions. our inpor,s
| from Brszl yer, s;xtv millions. our OK.
nort. Ia R,szl wore nine millions. In
Mexico We lost ten mi,tionS. on- imn,rt,
from Na.;cn w,.re tu,ntv-,,. millions on,
exrorfs to Mexir, woe eleven millions.
n, sum it all un. opr imro-ts
ftom the n,r,tries S,ti,h Of ns both
insul,r and eo1tinental. on thi, hami,pbpre
wore 9Ie millions. our exnorts m then
were seventv-f four million, The hal
a,cc ag,ios. n. in our trad, with
those copntries was therefore lt2I
millions-excee1i~te our ga-ns frsn all tb,,
re,r Of the world by thirteen millions of
l,ll,rs Nv no Hon-e of sns,ch can W.
n,tts- ou,stlves ;n.n the heliaf that onr
trn1e with our American rcighhor. ia IN a
prn.nerous eonditilu.
How can this state of affsirs be r,medied?
You have he,rIa great deal said within
the past ten wears by our democratie
friends about the iniuuity of the r,publi:ao
party keepirg up the war tariff As al