The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-03-26
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WHEELING. MARCH go, 1898.


Tho National Buying and Selling.
RI The Pittsburgh Post makes some
continents on our foreign trade which
arc well worth reproducing because thoy
set forth very ably the FREQ trado doc.
trines on the subject Tho FREQ trader
who roads what the Post says here can
not compton, that his cause suffers by
4 reason OF boinr badly championed.
Says our Pittsburgh cotemporary:
With growing confidence. Increasing business
4 ana good times nearing the Republican press IL
endeayorinS to WORK IN a scare. because OF the
increase OF foreign Imports. This Il n sure indt.
cation OF more prosperous conditions. When
we buy more 1t means We arc selling more. In.
$ ternational trade Is an exchange Of the commo-
dities OF ono country. not for cou. bnt for the
& commodities OF another country. Because we
arc buying little more In England than In
4 panicEy times the Republican organs arc groan.
ing In simulated anxiety over the future OF
American trade. Do they not know that Eng.
a land Is the best customer We have on the face OF
the globe. and that We sell 1t more OF American
products than we sell TO all other nations com.
biued? \ marked featura Of the late panic was
the great falling or III our foreign trade. That
this tradc isiucrrasing shows that we are on the
return !!de 10 prosperity That Is The CONNER.
ptcsS Is finding fault with improving business
conditions. They ara awiuily afraid there will
DO business and industrial boom before the
one. and twill be owing to the wise policy OF
the substitution OF reform tariff for exploded
dishOuosed and deiunct Mckinlcyism.
"When we buy more it means that
( we are selling more" Let Us see. We
are buying very much more from Great
Britain under the Commanded Wilson
act than We bought under the Mckinley
act. We are selling very much less.
The increase in our imports aud the de.
crease in our exports are both very
( marked.
This state OF affairs is not seen now
for'the first time. Whoever will con.
suit the recordf from the beginning to date
will End tina. Great Britain always buys
OF US without any regard to what We
buy from her. She has bought more
from US when we bought less from her,
and vice versa. She buys from US what
she can buy to tho best advantage in
:his country: never any more and never
for any other reason. Since the time OF
the corn law agitation ale has endeav-
ored to MAKE us accept the doctrine so
well set forth by the Post. That is tho
song OF the siren. For us there is
nothing in it but delusion.
international traie is an exchange
OF the comm ODDITIES of ono country, not
for coin. but for the commoditie, OF
4 another country" This would be to
restrict all international trade to barter,
the exchange OF commodities. The in
ternational trade Of these days is con-
duc:ed "a trade ia conducted between
communities OF common country and
between individuals in one community.
Balances are settled with money.
Ii Great Britain were to buy from us
. mpre than sio sells TO us she would pay
the difference in money or i,s equivalent
III marketable secu rites. Since We are
buying FROM Grea, Britain moro than
We arc selling 10 her we must settle tho
balance with money. This is the kind
oil exchange that Is going on between
these two countries.
THAT this foreign trade i. increasing
shows that We are on tho return tide 10 i
J. prosperity" This is What free traders
inaist on. It shows that NO are gs,,in.
Great Britain's manufactured commodi.
ties and sho is getting our money. 1t
shows that her labor is earning tho
money that should 90 to our own peo-
ple. Itshows that our country is being
impoverished by that much.
III wo buy British goods We have tho
goods and Great Britain Inns tho monov.
& II we buy American goods We havo the
goods and the money. This lnakoa
difference in tho wealth OF II nation.
1t makes n difference in the employ
/, ment OF our warc.oarncrs. The con.
! tcntion OF protectionists is that i. is
good for our own country to have these
differences in its favor.
From partisan point OF view Rcpub.
Leans Gro not afraid that their party
will DO hurt by any boom based OH in
creased imports and an excess OF NOR
chandise bought abroad over nerchan.
disc sold abroad. by all the signs tho
Republican cause is not in need OF any
thi.ig to strengthen it with tho people.
lit were this would do it more certain
lN,iian anything elso.
Tho pooplo Of this country want en-.
.ployment. They arc not waiting for
anybody to toll Thorn that tlloy will not
: bp employed in tho protection OF com.
modties which We buy in Great Britain.
ARTIST WHISTLER protcnds to DO IN.
happy because no can't 20. n duel Por.
hapS Mr.. Whistler is whistling to keep
hia courage up.
EF# THERE Inns lang been n nntio, that