Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-07-30
D0OLEY'S DIAGNOSIS.
lie Believes That He Has Found the
Cause Of This Crisis.
LETTER FsON HIN TO CLEVELAND.
Our Troubles Prscipsssted by the Free
Trade Features Of ths NO
Kiniey B:ii.
RimxoSp, Va. July rs. 1893.

RrcsNoxp, Va, July rs. 1893.
20 Ms Eroelency. Grocer Cleveland, PTes'oen'
n Of De United Safes
You are to-day tho foremost figure IN
American politics. No nvine man can
rival you IN the faith and love OF sh'
masses Of the people Of the United Sta'es'
You occupy the position which you MI IN
their hearts because they believe thst
under all circumstances and temptations
Won have preferred truth. right ana the
,,ublic GOOD to your Own personal success.
Won have been a second time nominated
and A second time elected TO the presi-
sanoy Of this great nation despite the
imposition OF local bosses and the con-
lrollers OF political machines because,
Although multitudes of US we're not IN &C
.ord with one or another of your political
doctrines. we recognized in you man
whose great qualities, whose contempt Tor
noli,ical tr!ckery and falsebood marked
him as tho one individual of this gehera-
lion 81, to lead us against tho hosts that
tvsre threatening on the one side to sab
he,t popular rights, and on the other 70
apheaye tine foundations OF society and
government.
A lifelong Democrat, I have been one
Of those who under all circumstances have
,npported not your claims TO the presi-
dcncy but the claims OF the people TO have
your services in that exalted position.
Alta time like this, when tho country has
been thrown INTO commissions OF fright ty
bad legislation, / feel that it IS right for
me 10 say to you respectfully what know
10 be the sentiment Of very great num-
her Of mechanics, Manufacturers, and
husiness.men in every walk OF lite, VINO
(orn a large aud influential body OF
Democrats without whose votes your cleo
ton would have been impossible. III was
not on tho part of the great body OF your
supporters desire for free trade that
raused tbs dethronement OF the kepuo1-.
ran party aud your elevation TO the chlet
mseiytracy Of the republic.
Three elements combined 10 produce
that result. They were opposition to the
force blil. opposition TO the Mckinley bill,
and opposition TO the corruption on poll
tics. which Of late years has been the con-
tpicuous and shameless means OF hepuDl-
can success.
CAUSE OF TIE CRISIS.
Whist | wish most respectfully, but most
Earnestly. 10 bring 10 your attention AZ
TINS critical moment in the affairs OF our
country Is that, while you may be rlght ia
attribuung the financial crisls with Whlch
ve arc smuggling 10 the operations OF the
gberfnsn law. il has been fastened and
prpciuitsted upOn us at this time by the
fcciurocity treaties and the enormous ID
crease Of lmportation Of foreign goods
free OF duty under the operations OF the
HcKnley laW.
| am writing for no partisan purpose.
When our country is IN danger 1t Is time
TO act and sperk truth. it IS the tree-
trade features. and not the INTERPRETATION
feature OF tho Mckinley law, which have
orecip,tatet and aggravated the financial
crisis Our political leaders have been
teaching u for years that low tarlh OF
no tariG will. by increasing our trade with
'oTeign countries. enable US TO largely
Iugm0nt our exports of food, cotton,
manufactures. &C.. and thus bring US
yfcatIy enhanced wealth and prosperity.
The doctrine Of the :ree-traders Is that by
takIny tho taxes off imports from foreign
countries. and thereby enabling them 10
sell ua more goods. we VIII IN CORE
spondino degree enable them 10 purchase
more goods from us. aud will proportion
ately. or IN o still greater degree, augment
our exports to those countries.
The theory IS familiar and plausible. but
deceptire. The Republican party, while
giving tie bighost possible protection TO
favored N anufactures by the Mckinley law,
inaueu-gttd free trade under the name OF
Reciprocity with certain countries and ad-
Ipitted free a duty from oil countries
large classes Of goods which had thereto
fore been highly taxed. They have there
by enabled US 10 Judge OF the effects upon
or foreign trade and finances OF admit
M have
three years of trade under the Mckinley
law aud our experience proves the very
reverse OF what we are taught by the tree
traders. Instead of our exports to those
countries with which we have free trade
increasing in proportion TO our imports
from those countries, our imports have
enormously increased. while our exports
have increased but little in proportion.
TWO CLASSES.
The foreign countries with which we
trade may be divided into two represen-
tativo classes-viZ, those with which we
have reciprocity treaties. or practically
free trade. and those upon whose goods
The Mckinley law imposed the highest
laria The latter class may be best repre-
seutsd By Europe. as we have reciprocity
with only two European nations, and with
those two our treaties are very limited In
their scope.
Those With which we have substantial
free trade under the Mckinley recipro-
city treaties are Brazil. Cuba, Central
American States, and others, enumerated
on page rs, Anoual Report OF Chief OF
bureau for year ending June SO, 1892. from
which report my figures are taken.
These figures clearly demonstrate that
our exports to foreign country do not
increase in proportion as our imports from
that country increase. nor diminish as
they diminish.
use the report for 1892 because the de-
tailed figures for 1898 are not yet pu bllsh-
I'd. They make the following striking ex-
hibit:
Eor year end'r June 80. 1890, our
imports FROM Europe valued at..S4f9,eS7,206
FIR rear end'S Juno 80, 1890, our
exports to Europe valued at. o17.2o4'Soo
~~--------
The balance Of trade In our favor
For year end's June 80, 1892, our
Imports from Europe valued at. 3D1, r2S, 46o
For year end'g June 80, lsS2, our
exports % Europe valued at.,.. s42,6S7,92S
teo balance Of trade In our favor
Wae....- ............ .......--. .esoO,fDs,4od
The results show precisely the reverse
of the teachings Of free trade. The i'm
ports fell of S5s, 900 900, owing TO the
almost prohibitory tariff imposed by the
Mckinley law on Europe's manufactured
goods. Instead of our exports decreasing
ia proportion. they increased in value by
the proiigious sum of S164. 900, 600. and the
balance OF trade in our favor rose from
e227. ,0sS In 1890 to s450, ass, 45s in 1892.
THE REVERSE.
II we turn now TO the countries with
which we have reciprocity treaties. the
picture is reversed. The report Of tho
bureau Of Statistics Qs92, pages 10 aud I'D
gives the result of our trade with the
fecproci.y countries since the treaties
vent into effect compared with CORE
spending prior periods omit Germany
and Austria Hungary, because our treaties
with them embrace only few articles,
sad did not take effect until February,
i5s2.
For thu periods ending 1891
Dur impoIts fronI the reciprocity
countries valued et.............. 1890 713
Dur exports 70 the reciprocity
countries valued at............. 44,l6o.2S5
-
Showing q balance OF trade
against us Of. ..............si51,9l ass
For the periods ending in 1892;
al-..