The Wilmington daily Republican., 1895-08-14
How the Tar,nis Operating.

Increased imports appear to be matter
OF great qualification to the Adminletra-
ton ana Its supporters. The Treasury
Department has issued advance sheete OF
tue declared exports of various countries
Tor the fret quarter IN 1898 to show the
increase over the corresponding period
last year. The result lie interesting. Coun-
tries which have bought very much less
from the United States are able to show a
great increase In their sales TO tllis coun-
try. That 10 the onc.slued business
which has transformed a favorable bat-
ance of tiade into All unfavorable one. IL
ID simply history repeating itself.
Under the Walker tariff millions OF gold
were exported every year to pay Tor the
balance OF trade against us-in other
words. TO pay for goods made aoroad
which might better have been made ut
home. There were only two years from
1916 to 1861 when the Imports did not
largely exceed the exports. The adverse
balance Increased gradually until 1t wos
about $40. 600 600 in the fiscnl year oil 1851.
All that time. we were exporting gold TO
make up the difference In trade. and any
one acquainted with the history OF tile
country duling that lime me knows the re,
grew worse and worse until money was
| borrowed at ten and twelve per cent In
| tefest, and that before the war. No man
can continually pay out more than he re.
ceives without becoming practically
| in that respect from an Individual.
| Not until tho present Administration
came into power and the country was as,
cured OF another Democratic tariff was
there the necessity Of borrowing money
| Mt such extortionate rates az were paid
under the Walker tarifl. The contract
which the Cleveland Administration made
| with the bond syndicnte Involved the pay.
ment OF even higher rates than Buchanan
| paid when the market price OF the bonds
! Is taken into consideration.
Under Republican administrations and
a protective tariff from the year 1875
there has always been a large balance OF
lrade In our favor. Under hr. Oieveland's
ilrst administration after he beRar his
al tuck on the tnIiff In 1857 there was q
change and the balance against US for the
flscal year OF 1888 was 2S.0O2 607.
But when Mr.. Cleveland and his tariff.
smashing policy was repudiated ~ the
pollB he balance turned again and ran
up to S20s. s75 CSC In our favor In, 1899.
With the success OF the tariff-smaehlnR
policy in 1892 there was turn again., and
now the Imports once more exceed The
exports.
For the three months covered by the
Treasury document under consideration
the excess OF imports over exports was
nearly slU. 900, QUO. This brlngs the coun,
try back to the days OF the Walker tariff,
and gold will continue to go out to pay
for tkis adverse balance OF trade, or else
the national debt must be regularly In
creased by tho sale OF bonds to the
Rothschilds or some other foreign syndi'
cate.
The statistics show that the Increase In
fmports under the free list OF ARTICLES OF
voluntary use. luxuries, etc" was nearly
$40 per cent. for the three months. tha az
gregate reaching nearly $1,000 900. Under
the same head. on the dutilble list, $50,
U3S, ,S26 were imported In the three months,
an increase OF l6,0O0O00 over the corre
spending period in 1894. That was the
fleet OF tho now tariff.
Belgium has put duties on -four and Q
number Of our agricultural products and
has shut out our cattle. but In the three
months Belgium increased her sales &C
the United States TO the extent Of nearly
a million dollars. Austria protited to The
sume extent. while Germany sold us about
o., ,OOQ, 900 more In that short tline than i1
the corresponding period Of the previous
year.
And yet Germany has taken the lead II
shutting meat and other OF our agricul
turul produbts out from the Continent y
Europe. That 10 the way the new tariff II
working. II not repealed or properly
amended In Time the result Will be mucl
the came as under the Walker tnrifr whel
the Government borrowed mo ney q
twelve per cent to pay its curIent ex
CDree.