The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1892-10-11

so often as the President shall be satisfied
ducing and exporting sugar, moiasses,
coffee, tea and hides, raw and uncured,
or any OF such articles, imposes duties or
other eXactions upon the agricultural or
other products of the United States, which,
in view of the free Introduction of such
sugar, molaSSeS, tea and hides into the
United States. he may deem TO be recipro-
cally unequal and unreasonable, he shall
have the power and it shall be his duty
TO suspend, by proclamation TO that effect.
the provisions of this Act relating to the
free introduction of such sugar, molasses.
coffee, tea and hides, the production OF
such country, for such time as he shall
deem just, and in such cases and during
such suspension duties shall be Levied.
collected and paid upon sugar, molasses,
tea and hides as fOllOWS.b Then
follows the schedule on such articles.
We were proposing free sugar to Ger
many, for example, and at the same time
Germany was keeping out our pork.
We were admitting coffee from Brazil
and proposed to admit sugar from Cuba
free of duty and getting nothing IN return.
| By reciprocity the President was au-
thorlzed to make treaties securing to us
some reciprocal advantages for these con-
| cessions on our part.
HOW RECIPROCITY HAS WORKED.
| The result of this movement has more
| than proved its wisdom. 1t is q complete
vindication OF the Republican policy Of
reciprocity.
Our treaty with Brazil took effect April
| l, 1881, and to June so, 1892, had been in
effect fifteen months. In that time our
export trade had increased over like
! period just before the treaty 1854 per
cent. Over 100000 of the trade was
| breadstutfs-nearly all flour.
For the ten months ending June 80,
1892, our exports to Cuba exceeded eX-
ports for like period i'll 1891 the sum OF
$5,702, 1877.
The total value of exports to the coun-
| tries south of us, with which treaties
have been concluded, during the exist
ence OF the treaties up to June 80, 1872,
has exceeded exports for corresponding
period before by 23.7S per cent.
Any man at all familiar with trade, and
the difficulties i'll the way of extending II
to new fields, will say this is substantial
progress.
Our Democratic friends grow hysterical
because we do not open up reciprocal re-
lations with Canada. Why should we be
anxious TO do this? 1t might help the
manufacturer, but how about the farmer?
Canada produces much the same neces-
saries of life that we grow, and what
would prevent her sending them across
the line to compete with our farmers i
we had free trade with Canada? Why
should Democrats want to push oul
manufactured goods over the line at the
sacrifice OF our agriculture?
SAVINGS OF THE PEOPLE.
One Of the most convincing tests Of thu
prosperity of the people is the condition
of the savings banks. Let me read yor
some facts:
TABLE I.
In 1880 629 savings banks
naQ III resources. 1851, % ~ ,oOt
In 1890 921 banks had......... ZAP, 617, go
Gain in ten years.................. SS60,940,25-
, Our population increased........... 20 per cent
Our savings increased over.........1OO per cent
, TABLE II.
In 1850 cash deposits were. SS19,106,9 81;
In 1890 cash deposits We're. i,550,O23,95
Gain in ten years.................. S74o,916,9S
TABLE III.
In1SS5 there were depositors. ........3 &, OF ,49
In 1880 there were depositorS.........4,25 S, 90
, cain !, five 1,aors 11s61o
, TABLE ".
In 1889 average each deposition 1854 IL
/ In 1890 average each depoSitor........ 35S o.
BRITISH BALANCE OF TRADE.