Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1894-07-12

| tu 49, JULIUS ut IHirlV Sfn ptlnl
a. learn that, emitting all considerat;on af
n, tne wheat exports of Argentina ar VI
aaIleauy actually greater than those &c IL
United states. That is the fact bowavar
a. lne latest statistics on the snhiect 60
ciuslyeiy show. Thus i'm Febrnarv ion.
oof eAports were 1000, $3.50 bushels those
VIZ U Arsentlna 100000 bushels; in March
O Ioo hp"oanted o,o41,SlS bushels, Argentina
| 507S 333e' ~ Aprl American exports were
b,U1o,o4o bushels, Argentina $780,, 600
usheis Nor is the whole story told in
unese ngures. Not only has Argentina al.
lazy surpassed us as purveyors of wheat
70 EUROPE, but she has attained to bar
present superiority by strides which. ;f
hhePt up must presently leave us very far
The course of the export grain trade
Vi ,ne W countries is an interesting
study In comparisons. Our exnorts 81
wheat have been distressipglv faJl;n@ nf
aurlhg the very time when the Argentine
Hate Deen marvelously increasing. In
ieoruary, 1884, American exports were
leos Inan nall what they were in Febrn.
airy, 1898; in March the loss was about in
per cent, in April about % per cent. On
tne other hand, Argentine exports in Feb
rGary showed a gain of 16 per cent. in
siarGn they more thar doubled and in
hpin .ne gam was ST per cent. Plainly
G. tHN SIdlH lThup OF the
south American republic is nothing short
vi marvellous. The United Kingdom
aione, according to the recent statement
OF well-known English importer, is now
taking 100000 bushels o month from a
country which a year ago sent out only
f,foo,ooo bushels, and which q few years
ago sent abroad no wheat at all. When
10 lnese portentious facts it is added that,
Notwithstanding the large quantities al,
ready shipped, Argentina still has left Of
inns years crop at least 40, OOO, 900 bush.
eis Tor export, we begin to get some idea
OF the meaning, for our farmers and for
all OF US, Of this new competition.
we can begin to understand better.
700, why 1t is that the total wheat ex,
ports from this country for the ten months
ending with April were only 79.O732 |
bushels, against 97,165,0 47 bushels for
the corresponding ten months of the pre-
ceding year. We need not stop now to in
qulre Just why Argentina gets the better
OF us in this trade; the fact should be
1ully appreciated first. And the fact is
mat Argentine exports are likely to in,
crease still more in the near future. They
would increase, no doubt, under natural
conditions; but they will be specially
stimulated by the present peculiar situa-
ton In that country. The payment of in
terest on the foreign national debt and on
the English capital invested in private en-
terprises is taking $50, 900, 600 a year out
or Buenos Ayres, and the government is
at the same time continually issuing new
paper notes. The circulation, already ex-
c~essive, is thus becoming more valueless |
and the gold premium has risen to 800.
This decline in the purchasing power of
the currency tends, of course, both to
check imports and to increase the volume
OF exports. Paying the cost of production
IN upDrpClHtnI manor ot bnnNn onl callinn |
the product abroad for gold is always a
rather profitable operation, and the Ar
gentines are likely TO try to make the
most of the opportunity while it lasts.
No Improvement.
In an editorial printed by the New
York Tribune on what the country has
gained by the majority vote of 1892, it
says: In what respect has the t~ransfer
OF power TO q Democratic Congress
brought improvement in government?
Besides an extra session, we are now hav-
ing a regular session of morea than the
usual length. Yet it cannot be said that
any good thing has yet been done to COM
pensate for all this loss of time and effort
and expense. The purchasing clause of
the silver act has been repealed, but by
the votes of Republicans with a minority
of Democrats, and this would have been
done by a Republican Congress under the
leadership of Senator Sherman himself,
the act had sufficiently tested the
usefulness of such purchases. Not one
other change has been made which can
be regarded as a step toward improve
ment. The time has been wasted to an
amazing extent by the incapacity and alb
sence of members of the majority. and
the most necessary appropriation
bills have not yet been passed, though
the government will be left in two weeks
without any provision for its expenses.
nothing has been done to pro-
tect the treasury against the rapid ex-
haustiOn of its reserves for the redemp-
ton of circulating notes, nor to guard the
business community against depreciation
and distrust of the currency. The earnest
of Democratic statesmen and jour-
nails have not been able to awaken Con-
yress to the necessity of authorizing a
loan at a low rate of interest,
of borrowing under great disad-
v~antages on bonds of the kind authorized
twenty years 20.
Congress has not yet passed any tariff
but it has gone so far that thousands
If the most earnest and intelligent Dem
,crats declare it would be infinitely bet
.er to leave the Mckinley law in force
han to pass the shameless bill of sale
md surrender. The sugar bargain, with
Ill it's scandals, the grant of utterly in
y A"fOho " gu ONioho 0 l
the indecent bartering with other in
,erests for votes enough to give the Sugar
it's bribe of millions, have made
his revenue bill more offensive to the
people than any other measure of that
ever framed by Congress. Yet it
seems likely to pass, not because Demo
rats approve it or want il, but because
hey think it a partisan necessity to pass
tariff bill, and this Infamous sur
ender to the trusts and monopolies is be-
to be the only bill that party can
and pass"
Free Wool and Texas.
The business men of San Angelo, Tex,
,eld a meeting on the 18th of June to
protest against the Democratic scheme to
mt wool on the free list. The resolutions
which were unanimously adopted, are as
..Resolved, 1. That we, the business
nen, wool growers and citizens of West
i'm mass meeting assembled, ig-
loring party lines, solemnly protest
.gainst the action of our senators and
representatives in their unjust and un-
discrimination against the inter-
st of their districts; and be it further.
Resolved, that we pledge ourselves
lot to give our support TO any candidate
or Congress from our district who will
pledge himself to work and vote for
n adequate duty on wool so long as the
of other nations are receiving
l.-oE. - prntnatiun furiff. and hp