The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-12-18
able if we received prices for our ex-
ports equivalent to those ruling in

able if we received prices for our ex-
ports equivalent to those ruling IN
1873.
The comparison of the returns that
our foreign trade of 1894 would have
brought us. if we had received 1913
prices for our enormously Increased
imports. with the results actually
achieved, is appalling.
The figures given in the following
tables are not mere estimates, but are
based on actual calculations of the
comparative prices OF sixteen com
modities, representing over two-thirds
of our exports, and twenty-six articles
representing nearly One-half of our
imports The ratio found between
prices ruling in 1873 and in 1894 and
1895, as ascertained on sixteen of our
chief articles Of export, being taken
for the balance Of our exports, and
the ratio of prices as ascerJained by
comparing the comparative prices OF
twenty-SiX articles Of import, being
taken as basis for estimating the
balance of our imports.
FISCAL YEAR ENDING JUNE 3Oth,
1894.
At prices equivalent to those
received in 1878 our exports
Of domestic pro iuce amount
ing to 1869, ,204,937, would
have been worth. 81 ,5SS, ,4o4, ,6oS
Re-exports amounting to $22,-
935,635 would have been
worth at prices equivalent to
those paid for imports in
1873. ........ ....... 31,94s.193
Our gross exports which were
have brought 81, ,62O, 4O2,S3
The same quantity of imports
which we imported at a val
uation of 1854, 1894 ,622 would
have cost at prices equiva-
lent to those paid in 1S73.... .S14
Leaving a total merchandise
balance in our favor off,. $7OS,02S.017
Add net gold exports 4,52s,942
Add net silver export of coin
and DulI1On..... oi,1O4, ilo
Making the total balance that
the same amount of effort
that we expended in 1894 on
our foreign trade would
have put to our credit in 1873 S749,12l ,6I2
Balance actually due on our
foreign trade ................ 27S,S39,6O5
Loss on our foreign trade for
1894 directly due to the fall
in prices caused by the de-
monetization of silver....... $40, ,067
If we had received the same recon-
pense for our labor and energy eX-
pended in our foreign trade in 1894 as
we did in 1873. the same sacrifice Of
our produce that VIC made in 1894
would have enabled US to meet our
foreign charges, such as interest on
our foreign debt, etc, and pay off
n 4 n nn,lr In iplI
ducing the interest charges for 1895
by nearly $1S,vOO,OOO. But impover-
ished as we have been by the appreci-
ating gold standard we we're con-
strained to increase our debt for 1884
by probab bly, $3O,0O0,o0O.
Our losses on our foreign trade for
the fiscal year ending June Both last.
caused by the fall in prices since 1873
were still greater.
At 1873 prices our trade balance for
the year would have been something
like this: af
1895
At prices equivalent to those
received in 1873 our exports
of domestic produce amount
ing to s793392 500 would
have been worth. -. 81, LAG. .1SS, ,6S3
Re-exports amounting to $14.-.
1885 at prices equivalent
to those paid for imports IN
1873 would have been worth. 22.242. .901
Our gross exports which were
valued at $S07 ,538 1865 would
have brought -: 81 ,769 O61 ,5S4
The same quantity of imports
which we imported at val
uation of S731. 1863 ,965 would +
have cost at prices equiva-
lent to those paid in 1S73... 1.152, 523,S0S
Leaving a total merchandise
balance in our favor off,. 616,5SS276
Add net gold exports. ........ 81 1884, ,449
Add net silver exports of coin
and bullion ......... $37,674, 1871
Less imports of silver ore..... 1886 S96
27,037, ,9o1
Making the total balance that
the same amount of effort
that we expended on our for
eign trade in 1895 would have
put to our credit in 1878. $675, $50, ,626
Ra1onpo actually dl1e IN orr