The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1891-09-11
American. TO Own Amsrica.

All, the tune is changing. John Bull
Is not quite so complacently self-conf-
dent as he was. When the Mckinley
bill was pending John Bull beloved
about it as il no nation on earth had
right to defend its own industries
against British aggression. At the
same time he pompously repeated his
theory that any defence OF its industries
by another nation would inevitably in
lure that nation only, and Great Britain
not at all. John Bulls believing did
not fit John Bulls theory, aud the
world was inclined to laugh.
The new tariff has been in force for
some months as to most products, though
only for one month as to tin plates. The
tone of the British journals has been
growing more melancholy month by
month. American defence does its in
tended work. But British theories hold
water no better than sieve. John
Bull begins to have only faint whisper
for his hopes, but tells OF present losses
with loud groans. 1.-THE st. James
Gazette" says:
III 'r'nr - - rrturns issued by the board
Of Trade, d. tI11'H W h1f Already
reached the end of good til ; - g-ri5 d.
cline in the exports from Great Britain is w.
doubtedly due to the ops alton OF the McIxln-
ley law In the United States. We have beer
told that act would eventually prove a real mis-
| fortune to the United States, but Its immediate
object was to hit foreign manufacturers, especi-
ally those of Great Britain, and IL Is plainly
dent that this objec. has been attained.
Worry makes "The st. James Ga
zette" careless about the facts. The OBJ
iect of the new tariff was not to hit for
eign manufacturers, but to defend and
build up home industries, and it is graf
flying to Americans to find in British
jeremiads ample evidence that the OBJ
iect has been attained. The harm to
British industries, the prostration to
German industries so fully described in
dispatches to-day, give no pleasure ex-
cept as it is made clear that the new
tariff works for the benefit OF Ameri-
cans The London Times" comment
ing on the July reports of British COM
merce, does not indeed reiterate its no.
ton that America will suffer in the end,
but admits that Great Britain is suffer-
ing now. 1t says:
The decline in exports is distributed over
the whole list The Mckinley law has been the
great cause Of the disturbance, The prospect
of the law last yeIr Swelled exports to the
Un'ted States, while those marke $ were still
open. English merchants and manufacturers
awaited themselves OF the outlet, and were met
with equal eagerneSs on e part Of America to
buy at lower rates. The Mckinley law now in
| force has had the effect expected and intend
ed.
Americans have reason to note with
especial interest this admission blythe
London Times" that the act has the ef-
| feet expected and intended. 1t does in
fact check British exports to this coun-
try of those goods which this country
can produce for itself, and therefore
builds up industries here as surely as
| it lessons our dependence upon foreign
producers 1t is this independence
which Americans desire. and which
| lie lds them to look upon the new tariff
with satisfaction. They know that
American industrial independence
means more demand now for Americas
labor, and an ever-growing and limit
less demand for such labor in times
| that are coming.
The British theory is that products
must be purchased from other countries
| or they will not be able to purchase our
products. This theory would have
more truth in it if the people OF one
country never owned titles to or mort
cages upon property in another. Eng
| land taxes the whole world to pay in
terest and dividends every year, be-
cause English investors have put vast
sums into bonds of various nations and
cities, into mines. manufactures, mills,
ranches and breWeries in various cOun-
tries. When England cannot send us
anything else for the bread English
consumers must have it can send us
back stocks OF railroads and industrial
companies and bonds by the hundred
millions for few years. That will not
harm Americans. The chances are
that we shall see few Of these eviden-
ces OF ownership return to this country
for wheat and cotton before the snow
flies. and tariff which enables Ameri-
cans to own America is not on that &C
count bad thing.-New York Tri-
bune.