The Dalles daily chronicle. [volume] (The Dalles, Or.) 1890-1948, 1895-11-21
THURSDAY, NOVEMBER 21. 1895
ENGLAND PRoSPERLNG AT OUR
EXPENSE.

The English newspapers are furnish
ing good campaign arguments for the re-
publicans. In noting the great revival
in the manufacturing industries of Great
Britain they offer marked contrast to
the situation in the United States.
Since the "tariff reform" legislation has
been enacted English mills have been
pushed to their full capacity while there
is disastrous diminution in the output
of American factories. England has
been built up at the expense OF the
workingmen of this country. The
English laboring classes are enjoying
the fruits of democratic legislation and
the only unpleasant feature in the situa-
tion is the fear that the United States
will repent of its folly and restore pro-
tective tariff at the earliest opportunity.
The following from the London Financial
News shows how England Is profting
by the Wilson bill:
''The great prosperity of the wool
trades has, fortunately, more than Offset
the retrogression in cotton, though that
reflection brings small consolation to
LdnCdcnlICs 4hO LOGdl SSih 4OL Vic AilhO
months under yarns and textiles is $l6,-
2S9, 1875, and as the value of wooden It's
sues taken by the United States has
been about 81, ,75O, ,O0O and of worsted tis-
sues nearly $15, ,Oo0. 900 greater than in
1894, no further search for the origin of
the improvement in the trade returns
need be made. The lowering of the
1, ,1,,S,k 49,,
and it cannot be said that we have
shown much reciprocity; for, instead of
taking the increased value of our ship
ments across the Atlantic in kind, we
seem to have bought less American pro-
duce. 1t is needless to go beyond our
own board of trade returns to find an ex-
planation of good deal of the monetary
trouble in the United States.
practically every penny that was
subscribed here toward the recent
American loan has been got back through
the recent expansion in the exports OF
woolens and worsteds; but the United
States has not confined her Increased
purchases to those articles. Last month
che bought less raw wool than in Sept
ember, 1894, but had to pay more for it.
She took more cotton pieces, more iron,
more alkali, and more of sundry articles
which need not be specified. In some
instances the rapid growth of the pre-
ceding months resulted in slight check
in September, but in all these cases the
figures of the nine months show a big
advance in 1894. On the other hand, We
have paid good deal less for American
wheat, -four, bacon, hams, cheese,
tallow and cotton, to mention only those
articles in which the contraction is most
apparent.
''The fact that the Argentine Republic
heads the United States in respect Of
maize is not without significance. Thus
the trade balance between the states
and this country is moving rapidly
against the former. and it would require
a large and regular transference of secur-
tiles from New York to London to re-
dress this tendency and restore the
former position. And with India, Ar
gentina and Australia keeping up and
even improving their position as pur-
veyors of wheat to this country, with
Argentina sending more as the United
States sends less tallow, it will not be
easy for the Americans to regain their
old footing in our market"