The Forrest City times., 1891-06-12
FOR AFOREIGN MARKET
kiEWs OF A LARGE EXPORTING 1 MERCHANT.

Emercs Ready to Contest the Foreign {1Garket-Protsction an ObstructiOn-Ex- fport Trade Hurt by the Tariff
 z Mr. Ulysses D. Eddy, member of one of the largest exporting firms of New York City, shows in The Forum that the prophecy of Richard Golden, the mer- chant statesman of England, is about to be fulfilled. Golden warned his coun- frymen more than fifty years ago that a Gation was growing up on the North American continent which, through the nnequaled natural resources of it's land hnd the intense energy of its people, would supplant England in the primacy of the worlds commerce..
 Ei Our exports of manufactured products are as yet far behind those of England. Last year our total exports amounted to nearly 900, ,000, GOO, of which only some- what over 15O, 0O0, 900 were manufac- lures On the other hand. the exports pf Great Britain amounted to more than D, 500, GOO, 900, of which more than 1,000,- boo, 900 were manufactured goods, the product of British factories.
 i There are signs, however, that our coun- try is awakening to the fact that there are possibilities of an enormous com- merce with the 1,3O0,0oo, 900 outside of their own boundaries. Americans are turning their attention to the markets of these vast populations, more than 1.0O0,O00 of whom are not actively en- gagged in manufacturing. There are 4igns that we are about to enter upon a Friendly warfare tor the possession of those vast markets, and there are ele- ments of strength in the American char acter that will make victory probable. !. The vividly energetic character of the people, educated in activity by com Imerce unobstructed over a continental area, gives promise of a momentum hard to resist. The American celerity of thought and tendency to prompt action, the spontaneous ingenuity in adapting means to ends, in seizing every new dis ,covery and elaborating it for the uses of man with bewildering swiftness, all make for continuous and rapid progress The present great development of our commerce and its extension in foreign countries are not looked upon by MT. Eddy as the outcome of protection. On the contrary, in stating the disadvan- tAges under which we have hitherto la- bored, he says:
 "For many years we have not only failed to fight for foreign trade, but we have defended ourselves behind tariff Qualifications against the attacks of other nations This view of shrewd, practical merchant, who has minutely studied the markets of the entire world and has sold goods in them for years, effectually disposes of the absurd pre- tension of Senator Aldrich that protec- don promotes foreign trade
 4 MT. Eddy indorses reciprocity, but only As 8 temporary step; "in beginning the campaign for the worlds trade, we first throw up outworks around neutral mar kets in the shape of reciprocity treaties , There will come, however, great ad- vance upon the timid policy of recip- rocity. After operating for time in the shelter of the reciprocity breast works, our people may discover that these breastworks hamper rather than help them in a further advance. They will learn how much the enemy fears them, and, gathering courage, will move Gut into the open field of the neutral markets. The struggle there will be a severe one, but it is difficult to see how, with our resources, we can fail of ulti- mate success"
 There are great and promising mar
  If we will but cast off our tariff shackles "The new commonwealth of Australia, the greatest consum- ing nation in the world in pro- portion to population, has always pre- ferred quality to cheapness, and is one of our best customers Whenever our people are ready to admit her wool duty free, we can rest assured that she will grant generous trade equiva- lent- British South Africa has long bought many goods from the United States, but asks free entry for her wool before she will grant us favors Her ports are the gateways to the great Afri- can gold fields and diamond mines Her railways are pushing for the heart of Africa, and already reach long distances from the coast
 Such are the views of a man who is sslling American manufactures all over the world, who knows the wants of those markets, and what Americans can sell in them.
 Hon. William J. Coombs, M. C., who ts the head of the great exporting firm of which Mir Eddy is member, has pointed out how our exporting trade is crippled by the tariff in making it diffi- CuA1 IOI SuipS WHICH tdk6 AWAY our manufactures and farm products to get return cargoes in foreign lands. In an address before the New York Reform Club, of which he is leading member, MT. Coombs said, nearly two years ago: "In order to run ships, either sail or steam, at profit, there arc two things that are certainly necessary, viz, out ward cargoes and return cargoes. \ The owner of vessel who charters ii for voyage to Buenos Ayres or the Cape colonies does so with no expectation of getting return cargo to this port, but calculates upon taking one from there to Europe. If he wishes to return to this country he must. except under unusual circumstances, come back in ballast. His rate of charter is fixed upon this basis. Our house has repeatedly within the present year chartered vessels in foreign ports tc come to this country in ballast in order to take away merchandise for which we had orders. At the present moment we have six such charters pending. Thi. not only involves long delays but enor mously increases cost, and for both req sons puts us at a great disadvantage ir comparison with our European rivals. }
 The Price of Beef
 Some extremely silly McKinleyites have pretended to see in the increased price O. beef another of the many "beneficiencies'