The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1896-09-26
LIARS HILL FIGURE.

"Figures won't lie, but liars will fig
ure" is coarse of expression, but it
can well be applied just now to the
Oregonian. For months and months
it has been telling its readers that the
threat of the United States to open its
mints to the free coinage of silver was
flooding. and would continue to flood
the country with American securities
held abroad, but in recent issue, in
an editorial trying to account for the
present importation of gold, it said:
'For several years our exports have
exceeded our imports, but the excess
has been Offset by other international
dues, notably payment for securities
returned to this country. Now there
are signs in the movement of the New
York stock market that the return of
securities has stopped, SO as to cause
settlement of the excess in gold"
There never was time when the
threat that the United states would
adopt free coinage of silver was more
pronounced than at tie present, still
the Oregonian tells US that the return
of securities has stopped, so its figures
on this point must be bumcombe. And
from this it would seem that the foreign
holders of our securities are not
materially alarmed.
The Oregonian has also told its
readers that the repeal of the reci-
procityclause of the Mckinley tariff law
has ruined our foreign trade, but in
the article referred to it gives the fol-
lowing account of the increase in the
exports of American merchandise:
"For the seven months ending July
81, this country exported to Europe
nearly 500, ,000.000 more of merchandise
than we sent in the same months of
1895. We have imported also 43,0O0,-
900 less. The result is foreign credit
balance this year, on merchandise
trade alone. of;s9O, 1896 against an
actual debit balance last year of $2l,-
219,092. In July alone the excess of
our exported merchandise was S15,-
1877, ,169. In July, 1895, the excess of
imported over exported merchandise
was sl6, ,4S4,057. In other words, our
foreign obligations on merchandise
account were s32, ,271. .226 less in J uly of
1895 than in July of 1895. The year
1896 is remarkable in this respect, for
only in one other year since 1882 has
an excess of merchandise exports oc-
CURED in July. The average excess of
imports for July has been about So, S,00O,-
OOO.n
But this is not all. The Oregonian
for the past two years has never ceased
declaring that the enactment of the
present tariff law had annihilated our
manufacturing industries, and that it
had turned our manufacturing busi-
ness over to England, but in this ar
ticle it confesses that our exports of
articles is greater now
than ever before. Here is it's testi-
mony:
"Our exports OF manufactures are
the largest ever known. They reached
nearly 5000, 900 during July, and for
the calendar year Statistician Ford es-
Inmates that they'will go to s240, ,0OO,-
900. In 1895 they amounted to S228.-
1873, 1872, and in 1892, when our total
exports touched the high water mark
of 81, OILS, 732,011, manufactures aggre-
gated only Sl5S, S,5lG,937.
How can this be accounted for when
the ''Wilson tariff law has ruined the
industries of America"
How is it possible that under this law
we have been able to manufacture for
export s9l, 100000 more than under the
law in 1892? "when our ex-
ports touched the high-water mark"
The only conclusion that can be
reached is that liar has been figuring |
or the Oregoian.