The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-10-02

country to another to bring back on
return voyage. or within a reasonable
time, a cargo OF its products Of equal
value free of import duty, such meas.
ures would greatly enlarge and even
force foreign market for our export
able products Of agriculture and
manufacture, principally for wheat
and cotton. Export tax on money
would require legislative enactment,
either or both of which could posi- bly
be obtained only after years Of delay.
| An export tax on gold would lead
to the expectation OF products, prin-
cipally wheat and cotton, instead of
the gold itself, by any one wishing to
send gold to foreign country, for ,cho
,could pay an export tao on gold achen he
could sore that tao by enportiaq products Of
agriculture or manufacture OF equal volue?
10 get some idea of the extent to
which such tax would increase ex-
portation OF products, one need but
enumerate few OF the present items
Of gold expectation, namely, exporta-
tiOn to pay principal and interest on a
foreign indebtedness of between five
and six billions Of dollars; to pay divi-
dend and profits upon foreign ca pital
| invested in railroad stocks. land, in
surance, mining, manufacturing,
banking, ETC.; to pay for Imports; to
pay legacies and requests to foreign
heirs; to defray expenses Of citizens
Of this country travelling or residing
abroad, to support or make contribu-
| tions to foreign church missionary
bodies; to make foreign charitable do
nation; and to represent the earnings
OF those who, as do Cinnamon, emf
crate with their boarded wealth from
| this country not expecting to return.
| Such continued outflow Of gold, not
outstanding an extremely favorable
! balance sheet on the exchange of
commodities between this and other
| countries, makes it necessary that a
check of some kind be adopted and
enforced to save this country from
ruin. An export tax of twenty per
| cent on these several items would
either afford an annual revenue of
about 100000, 900; or else would
| diminish the expectation of gold to
the amount of something like about
$4OO, O0O 900 year. Since the exporta-
| tions Of gold are principally to coun-
tries consuming products of this and
to countries which must be sent the
| principal and interest on the enor-
nous foreign Indebtedness Of the
United States and her people, it is
| clear that an export tax OF twenty per
cent on gold will diminish it's expor-
tation and assist the products of agri-
| culture and manufacture by giving
them preference to that extent in
the settlement of foreign accounts
over gold, and the right to do this is
as clear as the right to place an en-
barge on foreign goods. II such an
export tax would have any influence
in
United States, this would be prefer
able to trading under such conditions
as at present, and unless the United
States can then produce from her
mines and obtain through exporta-
ton Of products, enough gold for her
own use, the quicker she adopts some
standard other than gold for regulat-
| ing values the better will it be.
The reciprocal trade here sugges ted
would have more influence In forcing
| foreign countries to buy Of this most
| of the wheat and cotton that they
consume than would the export tax
on gold, for it would require that ex-
porta ton from this country must pre-
cede importation in order that high
| import duty be avoided. ALI coun-
| tries that now send their products to
| this would then be compelled to pur-
| chase directly in this country the
| articles that they now import, such as
! wheat, cotton. ETC., or else cease to
| have this country as a market for
much that they produce and export.
In order to not lose this country as a
consumer of her products, England
would be compelled, under reciprocal
trade, to purchase from this country
| her importatiOnS of wheat, cotton,
wool, fruit, and some other articles
rather than from Russia, India, the
Argentine Republic, Australia and
| other countries whose inha bi tants are
| poor consumers OF her products Of ex-
portation. For the same reason
would France, Germany and other
| European countries purchase direct
~ in this country wheat, cotton, wool
and some other articles rather than
in Liverpool. Also, for the same rea-
son would the sugar, rice, coffee, tea,
| spice and tobacco-producing countries
| purchase in this country their articles
| for importation.
| BY combination alone the wheat
and cotton-raisers of the United
| States can regulate the supply and fix
the price Of wheat and cotton to be
sold in this country both for home
consumption and expectation. BY
combination, together with an export
| tax on gold and reciprocal trade, they
can fix the price and compel foreign
countries to purchase all of the sur
| plus Of their prod cotton
| and breadstuffs-for expectation.
To meet the deficit or shrinkage in
| revenue caused by reciprocal trade,
and for the purpose Of giving bounty
on production in the few industries,
| like the sugar industry, that would
| need such protection against foreign
| competition, direct tax could be
easily borne, since the amount of this
tax would be many times compensa-
| ted by increased values and profits
under stimulated conditions of trade
The present import duty, which would
then prevail on all articles not i'm
ported under reciprocal trade, the 9TH
er means for obtaining revenue at the
| present time, together with the ex-
port tax on gold, would leave but a
small deficit to be borne by direct tax,
although this together with what
would be necessary for protection in
the form of bounty, would, in conse-
quence of stimulated trade condi-
tionS, scarcely be felt in the increased
indus tries of this country
G. E. FARNUM, M. d.
DEAFNESS CAN NOT BE CURED
BY local applications, as they cannot
III, 80 ho