Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1894-09-21
The Only Wise Policy of Trade;

articles could be suspended. This is
The Only Wise Policy of Trade;e
Not to give things away, but to barter
one advantage for another. The time
was too short for this policy to work
out its best results, and the period dur
ing which it was in force was one Of
general and increasing commercial de-
preston. It proved, nevertheless, to be
Of the highest benefit to the United
States. It made this country the IA
vored market for purchasing by those
who produced sugar, tea, coffee and
hides; it turned the eyes Of all the
South American people to the United
States as the country with which it was
not only natural, but profitable to
conclude the closest trade rela-
tions. Soon after the Mckinley bill
becameta law, reciprocity agreements
were concluded that gave encourage
ment and a new impulse to our exports.
factories there was a new demand. and
expansion of our foreign commerce
under the influence Of reciprocity was
Que of the Most Marked Features
of time of otherwise languishing
international trade. Under the McKin-
ley act commercial treaties were con-
cluded with Guatemala, Honduras, Sal
vador, Nicaragua, Costa RIGA, Santo
Domingo, Brazil, the Spanish colonies
Of Cuba and Porto Rico, the British
colonies of Jamaica, Trinidad, Barba-
does, Guiana and the Leeward and
Windward islands in America, and
Austro-HunCary and Germany in Eu-
rope. By these treaties the countries
named secured the free admission into
the United States for theire sugar, tea.
coffee, hides, rubber, and certain other
products; they in turn admitting free
from the United States, wheat flour,
corn and corn meal, rye and rye flour,
buckwheat and barley, butter and
cheese, lard, hay, oats, cottonseed oil,
picked and sailed pork and bacon, lum.
Der and manufactures of wood, agricul
tural implements, mining machinery,
and long list of other manufactured
products. They admitted at only half
their regular duties another list Of COM
modities, such as cutlery and other
hardware, earthenware, furniture, pre-
served and canned goods, and various
minor articles. They admitted at three
fourths of their regular duties still an
other list, somewhat shorter and less
important than the foregoing.
A Single and Striking Illustration
may stand for the whole: The export
of American flour to Cuba, prior to this
arrangement, was almost prohibited by
duty of over S. a barrel, or more than
the entire cost at the points Of ship
ment. Reciprocity decreased this duty
to about one-half, with corresponding
effect upon our exports. From 1875 to
1891 our imports from Cuba were great
or than our exports to Cuba by $780,
1852. For those IL years the average
exports to Cuba were $11, 793, 400, but
commencing in 1891, the year of oul
reciprocity agreement, there was an
enormous increase in all lines OF trade
In that year our exports were slightly
over $4,000. 900; in 1892 they rose to
nearly $4,000, 900, and in 1898 they
amounted to 1914, 157, 698, or more thar
double what they had been in any yea
under the old system. The effect OF
the new policy upon the whole trade is
shown by an export Of 49, barrels
in 1891, rising to $3.50, l75 in 1892, and to
GIG, 406 in 1898. This great body OF
trade
Has Been Destroyed at a Blow.