The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1896-08-01


trend of the gold movement was in our
favor and during only two of the remain
ing six years-that is to say, in 1889 and
1S91-was the outward movement large
enough to attract attention. In 1889
there were large importations under the
tariff of 1883 for the purpose of antc-
pating the increased duties of the Nc
Kinley bill, and this caused an outward
fiux of gold in payment In 1891 the ex-
traordinary outflow arose largely because
of the Barring failure, which caught in
its crash many foreign holders of Ameri-
can securities. who, being pinched for
ready money. had to return some of those
securities to this country fror redemption.
These explanations are ample to account
for the exceptional exports which char
acterized two of the years of the Harri-
son administration, when the revenues of
the country were upon highly protective
basis. Adding imports together and COM
pairing results for the fifteen years in
question we find that the aggregate i'm
ports of gold exceeded the aggregate ex-
ports to the amount of $101. 56S,310.
During this period the national debt was
reduced from 2,349. SCI .232O4 in 1879 to
81, 563. 612. 1853 in 1892, a total reduc-
ton of $1S5, 954. 1854.
Now let us turn to the years from 1893
TO 1896, when tariff reform" held the
boards:
ls93. Exports .................s 1897 zoe. 463
1871 1871 Exports .................. 4,52S,9I2
!S93: Exports .................. 309S4. 449
iooo 'EAports .................. I4,611 d.
ELEVEN months ended May 81.
Here we have total loss of gold dur.
ing the short era of Democratic thrift
reform" of $191 ,531 ,106, or a net loss in
four years of $95,062.976 over the net
gain accumulated during the preceding
hfteen years. During these same disas-
trOus four years of Wilson-Gorman tar
i'll reform, the national debt has been in.
creased in principal $500, 454, $50. and in
interest yet to be paid almost $3.50. 600.
OoO, or over $500, 100000 in ALL Had
the voters of the United States not heed.
ca the false arguments of Democracy in
1877 the national debt, instead of being
Increased in principal and interest over
half billion dollars in the intervening
four years, would, at the same rate of
decrease which prevailed from 1879 to
l&2. have been lowered to the extent of
24.55S,Ol.32 and instead of loss of
Sl91 ;531 LOG through gold exports we
should. ut the ratio of the preceding IF.
teen Republican years, have had net
gain through imports amounting in the
four years to S27,OS5,O12. Recapitulat-
ing these losses, and not saying anything
of the tremendous personal losses infiict-
| ed by the tariff reform" experiment
upon all classes of American citizens
for these in the aggregateNare obviously
incalcua ble-we find that the "change of
1882 from Mckinley protection to VIII
son-Gorman free trade has cost the gov
eminent of the United States directly. in
it's finances, not less than S049. ia
62J.32, a conclusion reached as follows:
Loss OF gold through actual
export ...,.............. .x1g ,J31 JOG. 90
Loss of gold through what
would have been Imported
had the Republican ratio
from 1873 to 1892 obtained
from 1872 TO 1896. ....... 27OS5 O12 90
Loss through Increase In ma
tlonal debt. 80. .......... 500, 600, 600 90
Loss through what would
have been the reduction OF
debt had the Republican ra-
Ito Of debt reduction which
prevailed from 1870 to 1892
prevailed also from 1892 to
1896 .................... 224 ISIS, 5O7 70
Total loss. .................s 940, ia, 82532
This loss has nothing to do with the
question whether gold or silver
standard IL the better. 1t is a direct
fruit of the Democracy's unwise agita.
ton against protection; a palpable dem
onstration that the tariff is emphatically
nm issua m this emma m IN m