The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1892-08-21

EnRiIsu eau says ne, tney loee. IL ID not
permanent wealth. eh! Well, Mr. Re-
publican editor, just you try to get along q
few Days without it and you will discover
whether 1t isn't permanent wealth.
Continuing the Republican argument, and
you Ill see that America lost all the cloth
we got from England last year, because
Americans wore it-wore it Quit IS not
permanent wealth.
Here, then, is the Republican theory:
/. The nation that gives what costs its peo-
pie one days labor, and gets for 1t an arti-
Gle that would have cost two days. labor ii
made at home. loses the value OF one days
LABOR by the exchanged In other words,
some one OF its people has received two
days wages for one days labor, and has
thus been robbed of one days work.
2. The man who wears the fine clothes,
eats the choice foods, regaies himself with
costly vIanus, and lives in pal
ace on broad estate. is the
man to be pitied. He looses the clothes,
because he wears them; the food. because
he eats 1t, the palace because ne lives in II,
t etc. This is Repu blican doctrine as ex-
pounded BY The paper quoted above.
When Magellan sailed around the world
he found he had lost a day-that 1t was
Friday on shore but only Thursday Oh the
ships log; but as the chronicler sagely re-
remarked, Meyer was day SO gioriously
lost" And it seems to me this Republican
method OF ssiosing'' anything is most de-
licious LOST a good deal of ice cream and
soda water In thai way at the expense OF
certain friend OF mine. OF course, she Is not
SO smart as O Republican eultor, and
don't appear to care now much she '.loses'
in that way. If my friend fails to capture
her, he will never suppose that she lost
and he pained the candies he sent her. 1t
takes Republican editor 10 see that.
Once more this exponent of Repu blican-
ism proceeds to expound:
Again ne says:
With how little wisdom the English are
governed. The balance Of trade against Eng
land exceeds each year almost cur total aver
age exports or Imports IN seventeen years
the bannce Of trade, IN our favor ana against
England. between the two countries has been
sc 0O0 0U0 COO. y
our trade balance with England is invested
there then we now own the enormous sum OF
$500, 600 OF England's wealth.
That is, every man, woman and Oh Id OF
America owns on an average s100 worth of
highlands wealth. If present trade relations
keep on for o few years longer at that tate we
VIII own al Engand, body and breaches, and
besides that own the wealth of projected
America which is the gre atest OF any nation on
the globe and If the rule holds good with ether
nations we will soon have every civilized
country yielding a servile Obedience to the
wealth power Of America, just as Britain by her
money power holds sway over her colonies.
We have sent $4,000, 900, 600 more to
England than that country has sent us,
and had not three-fourths Of this balance
been paid to US by England in the products
of other nations, 1t would mean that every
man, woman and child in America had sent
500 to England. AS 1t is, our loss has been
only about one-fourth that amount, or
81 $50, 600, 900.
We do not own that much of England's
wealth, but we have transferred that much
of our wealth into English or other foreign
enterprises. II we were to keep on trans
ferring our wealth TO England, would
America own England or would England
own America The Republican editors say
if we transfer our wealth to other nations
those nsbions will lose and we shall gain it,
Ii we should strip our houses Of their fur
nitnre and send IL to England, would not
the English tax 1t? If we invest in English
enterprises, does not that give employment
to English laborl If we should dump all
the gold and silver we have on British
shores, they would welcome it. Yet this
Republican editor, and all Republican ed
it0rs. argue that 1t 10 bad thing to have
foreign capital pour into country.
Yes. protection has driven out of this
country S26 for '.eyery man, woman and
child In America, We do not own that
much of the wealth of other countries.
They control, protect and tax that much of
our wealth. That much American wealth
is building railroads or mills or working
farms in other countries, and giving en-
ployment to foreign labor abroad. If we
should transfer all our wealth to Britain
we should own England ''body and
breeches' writes the Republican editorial
Ounce. If all the wealth of Provo were to
be transferred to Logan, would that help
Provo or Loganl The Republican says it
would bankrupt Logan and helm ProyO I
say it would bankrupt Provo and help
Logan. M evtsss.,ss s
Protection says that any town, territory.
state or nation into which outside capital
is brought and invested loses that capital
and the country from which it is trans
ferred gains 1t. Protection is idiocy.
PERIcLKs.