The advocate., 1892-06-01

citizens of this country. Thirty years
ago the people OF Kansas received that
grand state fresh from the hands Of ma
ture. It ls psopled by the most indus
triOus class, say, in America, the mort
frugal, sober, and industrious, and yet
under present laws and present c0ndl-
tione, they have seen themselves Slnking
into debt from year to year, until now
they ara about to lose their homes and
surrender everything they have Vot to
the COrmOrAnts who have besieged legis-
latlon and passed laws in the interest OF
corporate powers.
| want to read now statement show
ing about how much our foreign Obliga-
tions are, and then / am going to quote
q little from my friend from MGssachu-
sets Mr.. Walker. The English income
tax returns, which are considerably be-
low the true mark instead Of over II, for
no man exaGgera es his Income for tax
ing purposes, show that In 1890 English
taxpayers admitted the receipts OF hun
dred and fifty millions from foreign gov
ernments and railroads, and hundred
millions more from other foreign invest
ments.
MIR. Wstson-If my friend will allow
me, will remind him that DE-. Norvin
Green, of the Western Union Telegraph
company, testified that We owed foreign
countries S2,0O00O0000 on which we
were paying about RS0,0O0O0O year.
Mr.. Simpson 10 what We pay
Great Britain. According to the tabl4
published In the Journal, One-fourth NJ
the foreign investments by English cap
itallsts Is made Ia the United States, and
1t follows that we pay to Great Britain
alone sixty millions as annual interest On
our large debt. This condition OF things
Is 80 far from sho wing any signs Of
change that It threatens to become per
m8nPnt.
The foreign investments Of English
capitaliss are reported to have Increased
so per cent. In volume since 1895. Rob
bert Giffen, EnglaDd's greatest statistical
authority, estimates them at five thOns
and million. The inference Ia that EDg-
land now has from fifteen 10 eighteen
hundred millions Ia American invest
ments, and that she actually l'vies to-
dsy a tax up m the incomes derived by
her citizens through American invest
ments more than ten times greater than
that other historic tax which she once at
tempted to impose upon the colonies.
Now, Mr.. Chairman, that shows where
the surplus of this country 10 going.
That shows where the stream OF wealth
that the laborers and producers OF this
country are creating 10 flowing 10. Eog
land has adopted this policy, that comes
by free trade. When she sends out q
shlpload Of goods TO any foreign country
che endeavors to trade it off for ship
load of goods that is worth more than
the one she sent out. She has based her
policy upon this principle, that a nation
gets richer aud gathers more wealth by
bringing goods int her territory instead
Of sending goods oat, and whrn she sends
out shlpload OF goods 1t is sent out on
the principle that she must grt another
shIpload OF goods that 10 worth more than
the one that she sent out.
Il ls by pursuing this policy that Fog
land has been able TO gather TO her
shores q great part of the wealth OF the
world, that she is trading all over the
world; her ships are found In every port
and she has become the mistrefs OF the
world because she has adopted this true
policy Of trade, while we who have adopt
ed the protective tariff and aUe sending
out more wealth than we bring In, are
laying up loss every year, and this viii