The Globe-republican., 1894-03-02
THE HOME MARKET.
ex-Speaker Reeds Figures On the Tader
Situation.

s06 TUNE Market.
ex-speak~r Reeds Figures an the Tade,
Situation.
The democrats say that the Wilson
DILL will enable American manufacture
srs to compete successfully with othe,
manufacturing nations in foreign
markets. But that bill which is tC
stimulate the expectation of American
goods will by the admission of the
democrats themselves stimulate the
Importation of foreign goods. If it is
to produce the revenue which they saw
It will the importations of competi-
tive goods will be so increased that
millions of dollars worth of American
made products will no longer find a
market here. If one is to be found for
them 1t will have to be abroad The
American manufacturers whipped in
their own country will have to defeat
their victors in some neutral country.
In order to reconcile the people 20
this transfer of the home market from
Americans to foreigners, the democrats
seek to minimize its value They talk
of its limited power to consume. as
compared with that of the great out
side world. Is the American market
such petty one, then? Read what
ex-Speaker Reed had to say on the sub
ject:
been getting better wages than elsewhere is
the very reason why our market is the hest in
tne world and why all nations Of the world are
tfyinS 10 break into it We do not appreciate
Inc nature Of our market ourselves
I'VE are nomin ally 30, 100000 people That is
tor manufactures and choice foods We are po,en.
Tally 2o0.Oo0OOO as compared with the next best
nation on the globe Nor is this difficult to
prove Whenever an Englishman earns II an
American earns SL6l l speak within bounds
3oth can get the food that keeps body and soul
together and the shelter which the body must
nave for % cents. Take 81 cents from Il and
YOU have 40 cents left Take that same 80 cents
from Il ~ and you have 81 left, just two and 4
half times much.
That surplus can be spent in choice foods in
Rouse furnishings. in fine clothes and all the
comforts OF llfe-in . word in the products of
our manufactures That makes our popuIa.
tion as consumers Of products. as compared
with the English population 200 100000 Their
population Is Ss,OO0OI0 As consumers of prod
octs which one century ago were pure luxuries
while our population is equivalent to 200 OOoo 900
III this Is our comparison with England,
What Is the comparison with the rest of the
world, whose markets our committee are so
eager to have in exchange for our own? Null
nan gives certain statistics which will serve 10
make the comparison clear. On page 500 OF his
dictionary OF Statistics he says the total year
~ product of the manufactures Of the world
are 4,4si,Oop,OCO pounds, of which the United
states produces /, ,443,0OJ 900 pounds
I'VE produce one-third and the rest of the
world, England included, two-thirds The pop
ulation OF the world IS l,5OO, OOo OOO of which we
have 10000 900, which leaves 4So Ooo 900 for the
rest of mankind We use all our manufactures
or the equivalent Of them Hence we are equal
to one half the whole globe outside of ourselves
England included, and compared as a market
with the rest OF the world our population is
equal to lis, OOO,VOO
Il repeat as compared with England itself as
, market our people are equivalent to 200 OOJ-
E0 AS compared with the rest Of the world
England included, We are equal as market to
'lo,OOoOO0 These figures more than justify the
OF the Englishman. and the cold facts
Of mathematics surpass the spasms of rhetoric"
No democrat has ventured to dispute
the accuracy of Mr.. Reeds figures or
TO challenge the conclusions he draws
from them. All they do is to say stol-
idly that the American market does
not amount to much and that it will be
/ stroke of good business to neglect it
% reach out after Asia, Africa and the |
stands of the sea.
But the business man, with Mr.
Reeds figures before him, will see that
ommon sense dictates first and fore
aost the preservation of this great
I'm erican market for Americans While
is theirs they cannot suffer, whatev-
r happens If, retaining it. they can
'lso reach out and invade foreign mar
kets, so much the better. But the es-
entail point is to keep what we have
nd not to throw away the meat we have,
10 matter how attractive the shadow
nay be. Americans. if wise, will not
acrifice the custom of their own we'll
aid citizens to compete with the Eu-
opeans for the poor trade of orientals
nd Africans. Chicago Tribune