Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-07-24
FoaslaA 7 40

itv 9reane.
Nothing appears 10 give the calam-
iiy organs so much plin as tire vast in.
crease in the exports OF Americ;.q,
manufactures under the cxiStiux tariff.
In attempting to find a false exDiana-
ton OF this bcalthy phenomenon in
trade tho Boston Commercial iSu!lo.in,
c "amptnt orgNh of thrift rpoiiotioa,
says that IF the truth were known it
woald probably be found thut in many
ease the increase merely represents
She d';friinr OF surplus product on the
foreign market nj "A price To- get rid of
IL. This Is quite hypothetical SEN
tencc; but Commercial Bulletin ought
To have no gro0t difficulty IN ascertain
Ing the truth OF such "a nlntter There
is no DOUBT that there are instance, in
which surplus products have been
shipped abroad At II loss, merely 10 got
rid of them. 1t is onc of the curse, OF
the high tariff system that it uuua;ur-
hiiy stimulates production beyond tlc
demands of home eonsumption B--
hind the tariff wall the trusts have
sometimes cxtortcd suclI high prices
from american consumers TINT thew
could afford u loss on small foreign
shipments ease in point is the re-
cent transaction of the nail trust with
n:c OF lis cuGtomors, who bought naila
on foreign account, sent them nbron3
aDd brought them back, and sold tho
cargo t. n profit for less than the price
IN the home market. There is no evil
tencc, however, thnt the trust sold
these nails for export u: u loss.
But it would he grossly absurd to
predicate such exceptional conditions
OF n volume q! manufactured cXpor;s
which for this hscri year will amount
to iiitle less tnau S225. O10, 0GO in value
The official returns OF commerce bear
enple evidence TO those who can read
them that these uuprece iented exp )rts
of manufactures haze been made in the
course OF Il growing, hcn!thv aud prof
liable trade. Hundreds of mauui;lc-
Jurors -huvc testified that thcy sold
thoir goods in the forcrn market for
tho same prices which they obtained
at home. Some have testified that they
Obtained better prices abroad than Mt
home, because tho forci Ii competition
was not - keen rs Shat which they en-
c"UhtcfeG IN tho hcmo market. Manu-
fac:urers who should export arnualiv
any coasider"5le proportion of Sa9l,
tC1 COO of 200 10 at n loss would nave
toroeoup ;he mac!ves 10y enormous prot
It's from American consuuiors OF go
ont of business.
The boston Commercial Rnile,in re-
rcnts thc commonplace, which was so
familiar in The G,ontas of the British
rro'cctioni.;s = generation ago, that
'uf :'!i tnc IL ritr;a in ,pe world mono
is so pnoi as tha homo macltri." I.y-
eTybody ;Saows tiint IN tho poorest. as
trat IL
e'gn trade neur5 bat ~ SLIGHT orc,nr-
ton to the 5ui, of .ae d9u.stic ex-
enangcs. Nut the cxis.anee %. at. oul-
let for The surplus pro lia.s 90 an in
dustr;al nation. 10 ihcv greater %,
less m.'rns all the dilsrsnea a!wren
prosperity anl sta1ra, len. Whon this
outlet becomcs c'oiaa " = nigh thrift
i'll onstTr INC the -upp'y OF -a,v ,rp to-
rails of production, reaction IN dOnes-
tic trade is sure 10 follow at frequent
In pr.- sing its theory that the ex-
ports az American manufactures are
OF s'Hoii Importance the Commercial
bulle - s-y, thas the first shipments
% leather .erreaeu ted heavy losses un-
ii! the Earii-h taureries wers forced
To an oNt"n. ont "a; the market. The
the Leather traGe uutn hides we're ~.
on tae free list. nearly II quarter OF 70
century ago, wbeo The proiectionjsls
III congress wero nopentarily off ,hoir
guard. 10 great ha.. been this hoou 10
ATcrica1 tEnne. ies Chat the tariff.
rlon8ers have not sucoee.ied In restor-
ing tie duty on hidos. Whether the
annual exports OF leather 10 SO, OOO, coo
81 lee, Al.
surplus, and thus insure stability to
the whole trade. The tanners of the
United States are most fortunate in
having wat the Commercial Bulletin
Is pleased 20 ca!i "a dumping ground
for their surplus" The loss of this
dumping ground by revival of the
duty on hides would be severely felt
by every branch OF this great industry.
The Boston tariff organ is glad"
nevcrtholcss, to witness I'll reaching
out of American manufacturers for
markets beyond their borders;" and It
says that the thing now to do is To
hold what has been gained" There is
one absolute condition in holding this
gam and extending the field of achieve
nent, and that is i'll the maintenance
of the policy of free raw materials.
When the raw materials of production
are taxed the expectation of manu-
featured goods In competition with
foreign rivals whose materials are free
Is out of the question. With the clos
ing of the outlet for surplus products
under high tariff system stagnation
Id trade is sure 10 ensuc. Tie materi-
ais of the enormous volume of manu-
featured exports which are steadily
hcreasing under the present policy
are all free. Yet with variant cries of
''calamityr and "home murketr the
tariff spoilers, under the lead of Mic
Kinley, are rSshing once more to the
assault upsn this beneticent policy =
Philadelphia Record