Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1894-11-08

ized ana oIISs;s % 81 S "a WITH the co3|
3tinuous breaking down 81 tarim WALL,
Mr. Wilson hhd earned his banquet.
Wilson's plan Would bring disaster.
Let us look at his statement in the cod
hard light q facts. England, France,
Germany, Italy, every one Of the leads
Ing European nations Is ofganised ipduss
aially, as. We are ourselves; for g
larger production than home consump,
Non tequirss! zach q thep9 j. ap aR.
EressiVe competitor for outside custom
for its manufacturing interests.
This is the race for which MI. Wilson
would have us strip and enter, and az
what cost What Is the price that we
hre to pay upon The. fraetrader's ewn as;
sumption, for this doubtful advantage
It is nothing less than the throwing
open Of our own home market to these
ravenous wolves Of the older world.
Not Much Business Sense In This.
In one Of his speeches, Mr.. Wilson
himself states that the productive
agencies Of the United States could sup.
ply all its home needs in six months.
If we could do that unaided; If our fac
tories supplying the. entire home de-
mand would be idle half the year, how
much Of the time will they be running
when, instead Of supplying the ehtir6
home demand, they are to divide if
wit Il h01f ~kIS~ a~kS -: s,in1f
on the basis Of the lowest paid labor in
The World. It is estimated that with
the largest share of foreign trace Of all
the nations, trade that it has taken
her centuries to build up, q trade fos-
tered and contributed to by her colo.
NAL dependencies in every quarter Of
The globe, the total exports Of Great
Britain amount to about &, 900, 0O0, 900 !
year. Our own run from D quarter to
half that amount now; but suppose this
tearing down the barriers could make
us at once the equal Of Great Britain in
our export trade. Grant that impossi.
BILE addition to our foreign business.
Now see what we would have to give
for. it.
There are no statistics at hand by
which we could measure the inestima.
BILE value to the American manufacturer
and the American workingmati of the
home market!
OF the great majority of commercial
transactions that take place between
individuals and corporal ons over our
vast area, there exists no record. For.
eign trade is measured at the ports of
entry and exit. Domestic trade is free
and uncalculated. The nearest approx.
innate measure of this vast business is
the amount of clearing exchanges in the
country per annum. It will be seen at
once that this probably falls vastly be.
low the actual total OF business done.
Only checks and drafts go through the
clearing house and this leaves out of all
account the enormous volume of cash
transactions. as well as that of credit
transactions, which are settled without
going through the banks. If we say
that that portion of the clearing house
returns which cover mere speculative
transactions is balanced by the real
business transactions which do not go
through the clearing house, it will be
moderate enough.
The clearings Of the United States
amount to from $50, 900, 900, 900 to $780,
coo, 900, 600 per year. The trade, then,
which we offer to other nations, Oh the
basis of Mr.. Wilson's proposition is the
exchange of $50, 900, 900, for ST, O0o,-
900 to 81, 500, 900 at the highest estimate.
It is no wonder that when you pro-
pose that kind of bargain to a set Of
men, they offer you banquet and tell
you how great and good you are. Part
of this performance has already been
gone through with. While this new
tariff bill was getting into shape, we
were losing business every day. This
home market of ours was practically
paralyzed and given over, if not this
time to John Bull, at least to the evil
genius of commercial depression. Let
us see what it cost US.
Incompetency Comes High.
From April, 1898, 10 January, 1894,
the first 10 months Of the administers
ton governed by Mr.. Wilson'S idea, the
clearings of the United States wcro
S41, $40, O5G, GIL. This was a loss, as
compared with the same period enc
year before, of $40, $50, 663, 1858. That is
to say, in the first 10 months when the
people began to realize that the barrier
breaking process was about to begin,
our home market suffered to the extent
of five times the total annual exports
Of Great Britain, OF five times the
amount that we could hope to do,
if Mr.. Wilson's glowing antici-
pat;ons were realized. This year
it has been worse. The cleacinss for
the first eight months of 1853 were
S3s. $40, 49,. !2l. For the first eigat
months of 1894 they Were 500. 346, 522, $50,
a loss in two-thirds Of q year, with Mr.
Wilson's scheme in full view, Of
50, 5S3, 2o4,2S2.
The condition of the treasury Of the
United States today and the condition
Of our domestic industries show the
same influences in full swing. We are
paying very dearly for the breach made,
under Mr.. Wilson's lead, in the &C.
fenses that surround our home market
That we have not wholly lost it, that
the wolves have not killed all the sheep
in the fold, is due to the fact that not
even the Democratic-P opulist combina-
ton for free trade was allowed to do its
worst. It says that it will do worse if
the opportunity is given 10 it. What
that worst will be we can only picture
rom what we have already endured.
The American people have mightier
interest at stake in this election than
ever before. If they do not order a
right about face and a return to the
Republican policy. by which we grew
great and prosperous, they will deserve
that opinion which Mr.. Wilson himself
uttered as part Of that most remark
able speech of his in London, and which
we commend to tho thoughtful consid-
GRAFTON of every true American patriot.