The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1895-11-22
A Change Wanted.

"A Shoh8O w ohSOas
In recent issue, the Detroit Free
Press says:
"The shipments of gold this week
aggregated SO, 267,600. Treasury Off
Gals admit that present indications
point to further exports from week to
week. They expect that the amount of
gold to go out will be comparatively
light until after the Christmas holt
days. What will happen afterward
they do not care to discuss. The
uncertainty as to the outcome has di-
rected all attention to the condition of
the foreign exchanges, and inquiry is
again excited as to the cause of the
gold exports. Without dwelling up
on the interchange of railway securi-
ties incidental to the crisis in Afri-
can mining shares, the gist of the
matter is very simple. The Ameri.
can people owe money to Europe.
On account of these debts, our ex-
ports of merchandise are duly credit
ed. If, however, these exports are
insufficient in value to meet the re-
quirements, gold must be sent in set
Element of the balance. The Octo-
Der statement Of our foreign trade,
published to-day, shows that while
our exports increased to a small eX
tent, our imports of merchandise were
greatly swelled. For the ten months
ending Oct. 81, 1895, the excess of
imports over exports was S31, l19,749
as compared with an excess of ex-
ports over imports in the correspond
ing period in 1894 of $96,66l, 1863. 1t
is, therefore, not surprising that gold
goes out"
This is correct statement OF the
cause of the outflow of gold from
this country. 1t will be noticed
from the figures given by the Free
Press that for the ten months speci-
fed there was change of from $780,
66l, 1863 of foreign trade in our favor
to S31, l19,149 against us, or an alb
solute adverse change of *127,7S1,.
11S!
These figures are the result of
the much Wanted democrat tariff
and ought to be sufficient to satisfy
every unprejudiced person that the
present policy of the government is
disastrous one to American inter-
ests and American prosperity.
All indications point to another
issue of bonds at an early date, un-
less congress can interpose to pre-
vent it, and this seems almost hope
less with President Cleveland at the
helm ready to interpose his veto in
the interest of his pet policy which
is rapidly running the country.
1t is not free silver thae will cure
our financial ills; it is not the with
drawal of the greenbacks that will
bring the desired prosperity; it is not
the establishment of state banks that
will prove panacea for our present
unfortunate condition, but it is a
tariff that will restore the balance of
trade in our favor and at the same
time furnish ample revenue to run
the government; that will enable us
to diminish the public debt instead
of forcing a constant increase.
In nutshell, the present disastrous
condition of national affairs is wholly
owing to the fact that under the
present tariff we buy of Great Britain
and other foreign nations many mill
lions of dollars more of their pro-
ducts than we sell to them of our
own manufactures, and the balance
has to be paid for in gold.
The majority of the American peo-
pie were never so anxious for a
change as at the present time, and if
the recent elections may be taken as
pointer, they are going to have it
just as soon as they can express their
desires by their ballots.