The times. [volume] (Richmond, Va.) 1890-1903, 1895-02-10
EXPORTS.

Cot. Fab n,,o.c
1874. 1903, 81 yds. go. 55,0liOoG -.
1Sst an, 49, 900 " .22.G 51,O5l ,40S us
1894. .5,Sl2 800 '20.3 5O,223Zn .l.6
W'n & wa Feb
1874 3Ol ,33l 500 " l8.5lI,S51 80"
1851. 500 &" 126 16G4S,962 10
1891. Isl, 1920 =" i2,5 ll,Zjilol 52i
1874. 19o,4O9.72 d" ~.. s,l7225 49,.
1856. $50 672. 100 POS 41f9, $50 l32.7
,S94. 152.OG97OO q" 1893 3.27S.4B I'll
Iron e Steel Nj
l87i.. 2,lS7,162 tons go. 81 ,22o,.SO ...'
1884,. 3.4g6952 " 800 244S7.G6 216
1891. 2,e5G,11 "a 1S,73l,ll0 25.5
IMPORTS.
Per- Per-
een@se centase
Cotton tty. or Dec. Val. or Dec.
1871. 1i062G75 cwts. 49,. $50 936,509 ...,
1851. 15.503Sj1 " 1902 44.1i3.52S l34
1S9i. 15,965326 % 32,3H,5i6 l25.4
Wool
1874. 58s,98.4 81 lbs. 80. 2o,S9,o55 49,.
1884. $500. 1913 " '533 26,114S32 '27.4
1885,. 6Q,5Oi,G72 " "3l6 2l79l,i6O 800
Wheat
1874 Al 40. 400 cwts zee. 2j,2Ol.O62 -.
ISL. 47,113.9SS " ZIG 19.S2504 2l3
1896. 7O134,$ $50 &" 1856 1S762,560 SO
Dead Meat
1871. 3192,226 g" 75ls,f3 80.
1885,. 5.s04232 a" 1918 1i,990.054 '994
1891 1074J,93S q" 'S51 22,72l,272 '5l.59
Unref. Sugar
1871. 14.2l672& .... 1@.e|io9s -.
1854 1862 2A " '3s.2 15.252.49 i.OS
1891. 14.3o6,7S9 " ~ S,5&lH i5.26
Ref Sugar
ISL, 426.6S9 d" '59.7 4.4a.753 'S7
1oa, - ole go " s996 II IN sol 2q5sIt2
1S74.. 1G sos no'lbs. .... 11672,032 go.
1857. Pr 212.11+ " s23.1G 1055i,352 $50
1894. 2H.274Gg5 " 'l3.5 9So,206 GSS
Increase. Decrease.
These figures show some most startling
results. IN the exports, for instance, Eng
land sent out 2205g9.O7i pounds Of cotton
yarns in 1874, which were worth about
N2.5o0.oM She sent out 23619S,5oo pounds
IN 1894 which were only worth about
si6.50O000. She increased her business in
This department Of export very little, bat
the value Of the export had declined near
ly one-half The exhibit in cotton fabrics
is stiU more suggestive She exported In
1874 3,e03, 3iS527 yards. that were worth
about S215,0)e0 900. while she exported in
1894 1912. 1880 yards. which were worth
only about SOL O0,C)O In other words,
having gone a long way towards doubling
her export she received for the immense
~ Increased quantity about $2400)0Oo less
than she received Cor the smaller quantity
Her imports, with the exception of dead
meats. show the same results. To what
are these immense reductions in value
due? Are they due. as free silver men
would have Us believe, to scarcity Of
money which the gold standard produces,
or are they due TO oyer-supply? To say
that the reductions are due TO scarcity Of
money is to our mind a refusal TO look
at the most obvious facts staring one in
the face. Look at the case of cotton
yarns. for instance. England has been
unable to make any material increase in
the quantity of these that she sold in
1874. Indeed, she made a considerable
increase in the quantity sold between 1874
and 1884, but she has steadily declined in
the sales of them between 1884 and 1891.
Is this because other nations had no
money with which to buy? The very next
item in the table shows that that theory
Will not do. for she increased the guam
tity Of cotton fabrics sold in 1874 from
3Cd8.3fS.527 yards TO am. 900 yards in
1884. and to 53l2. 900 yards IN 1924. II Is
perfectly plain that She has met with
competition in the manufacture of cotton
yarns that has prevented her from in
creasing her output Of these, while. for
one reason or another. she has been en-
abled to hold on TO her monopoly OF cotton
fabrics, and has been able 10 make an
immense increase in the quantity sold,
though at greatly reduced figures. The
lesson of these figures is perfectly plain,
and it is that improvements in the meth
DDS OF production are enormously reduc-
ing the cost of everything; and not only
so. but the spreading of intelligence and
information is constantly widening the
field of production, and this Is threatening
more and more seriously every day Eng
lands domination of the worlds com
MERGE only day before yesterday a Con-
SciNdllNe luti4UtI OF the AlOdSt VI 1gll4-
mons moved an amendent 10 the address
which reclted the alarming report Of dis
tress in the agricultural districts and the
prolonged stagnation in the great manu-
featuring centres, ayering that thousands
OF the working people were totally unem-
ployed. The world has no trouble about
money. 1t has more OF that than it can
prohtabiy use under the modern condi-
lions of quick transportation and quick
transmission of intelligence. The great
fall in the prices Of everything IS due to
the immense increase in the production of
everything which science. with its con-
slant advances, is making.
The figures for the whole amount OF
the exports and imports of Great Britain
in the years referred to contain equally
important lessons. They were as follows
Exports. Imports.
1874 ...............Sl.2OO 10000 sl,S5. OO0, 900
1884 ................ 1.l650O0.0O0 1850. 600 900
1894 ............... l,0SO00.OOO 2.i40, 900
Great Britains exports. therefore, are
steadily declining. while her imports are
steadily increasing, until they amounted
in the year 1894 to 81 800 100000 more than
her exports. How was this immense sum
pa!o? Plainly from returns from English
capital invested in other quarters OF the