The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1891-11-26
S3S,G32,l1
Decrease,
Per cent. Of loss, +.

IDDo, 'N1ot ,Joo,
1860, 31G,OOO, 900
1870, IA ,O2G,3G1
1880, 1,51O,S39 ,S39
1890, 3,4OO, 1000, 900
These figures are not imag mary. Be
tween 1850 and 1860, under the Free
Trade era" we were increasing our for
egn trade much faster than England. 1t
was our Free Trade that Protection Eng
land adopted in 1860. England's ex-
ports in 1880, with One-half our popula-
ton, were 81 1893 1875, 900, and the only
reason why ours We're not very much
greater was the adoption OF England's
discarded Protection rags in 1862, which
choked our foreign trade and made it de-
crease S3S 500 ,119 in the past nine
years, when Protection got in its fine
work. These facts are submitted for the
benefit of any North Carolina "farmer
labOrer or mechanic who may be ap-
proached by one of these bunco stcerers
or Protection thieves with reason No 2
Take the fourth lie Turn to page 931
Of the Compendium OF the Tenth Census
the latest official figures The capt. al i'll
vested i'll manufactures is given as follows: :
1880, S533 ,245 .351
1860, 1.OO9. S55,
1850, 2.S9O.272 COG
The same increase under Protection
that we had under Free-Trade would
have given us over 81 .OOO, 900, 900 The
capital invested doubled in ten years
! under Free-Trade and has only little
more than doubled under twenty years
OF Protection. In the cold search light
OF the census what becomes of any five
fld increase?
But some one may say that the value
OF the prOduut has increased:
1850, $1,O19, 1O6,6 1G
1860, 1885, S61 ,676
1870, 1922, 325 ,442
| 1880, $500, 579.191
Our manufactures nearly doubled in ten
Free Trade years before the war. They
more than doubled under the stimulus
OF the ten years of the Civil War, but
| since then, under the ten years OF full
! Protection, where is there any increase
that can compare with them, even max
ing an allowance of 30 per cent for the
| inflated values OF 1870?
Take the ninth lie. The actual num-
! Der OF establishments in the United
! States in 1870 was 252 ,14S. After ten
.''''i'' vi lhil i't'' tlplI iii 1'Po IHflt were
2o3 ,S52-an increase OfOnlv .6O4 shops
Take the ten Free Trade years In 1850
there were 123,O25 in 1860 there were
no, 433-an increase of II ,4OS shops.
What has Protection done for manu-
features i'll North Carolina? Here is the
record for the past four decades, takc1
from page 92S OF the Census
FREE TRADE ERA
1850. 1860.
Establishments, 2,663 3,GS!
Capital, S7,45G,S6o S9,G93, 20:
Workers, 12,6O1 14,211
Wages, So 1888 44G S2,GS9. Al
Value product, $9,111 $50 S16,67S sos
PROTECTION ERA.
Establishments. 3,G42 $50.
Capital, SS,14O,47:} S13 ,O45, G3!
Workers, 1862 1910!
Wages, S2,195,711 2,74O. 76S
Value product, so, O21 1927 S2O,095, 03I
This table will bear careful study
There has been u steady increase in th
capital invested, the value of produc
and the workers employed. but there ha
been no corresponding increase in wages
In 1860 the / PIT employees earned 81
$50 HI under Free Trade. and in 1885,
the Is, 100 earned only 81, 740. 76S. TIL
average yearly earnings in 1850 Wer
1872, and in 1880 only $151
Protection had reduced wages in Mort
Carolina over 20 per cent.
But study this table and see what Pro
lection has done for the protected Nortl
Carolina employer. In 1860 the employee
paid practically the same wages as i
| 1880, but the value OF his product ha
increased over 20 per cent, and thenum
Der of his workers has increased over y
per cent He has increased his working
force. nndinq employment for orsr 20 per cen
more people. by reducing wages over >
per cent, thus securing over 30 per cent
extra product without increasing tn
lObOr cost.
The bunco-S,eererS OF the North Care
lima Protective Tarlff League should bu
up all the copies OF the last census /
that State before beginning active WORK
4 copy of it accidentally in the posse:
sion OF Il man approached by the steere
might result iniuriously to the latter.
Take the last lie Protection can onl
, give work to one American by taking
: from another American-unless we are
nation OF thieves and pirates. stealth
What We import. Ii what We import
=. tue product OF American labor. foreig
wages paid Us for producing a farm SUI
; pius, then to compel us to make her
what our surplus farm labor produces
|" throw that surplus farm labor out {
. work To supply mill labor with it, TIL
D larln product Is 100 per cent. in til
pockets OF labor-it is all wages. ever
c cent OF it. Ii Protection pnts 90 ne
n cent III the pockets of mill labor il take
! LOO per cent. out OF the pockets of farI
+ labor to do it, and puts 10 per cent. i
II The pockets OF the mill owner. II roi
: one American to give to another.
II challenge any baaCO-ste erer il, Mort
5 carolina to defend any oIe OF the" seye,
II teen reasons for Protection, ana :
show by official facts and figures tbs
any one OF them is not q bunco-steer. Nc
: one will accept the challenge: for. know
d ing HIM to be u sCaud and a swindler !
never approaches with his bunco an
2, man who has or can obtain the exo,
lacts, or can test what he saws H. II
D. census or Treasury reports He worl
quietly, selecting for his victims the !,
Il norant, the vicious, and the depraye,
or their private eye he has forged tabl,