Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1896-04-29
ARE NEW WORKERS FOOL So
Terrible Rot and Rubbish Published nv
Their Democratic Paperx

Their Democratic Papers.
ParadoXical as II may seem to those imbuea
with the false mercantile theory there car
be no real prosperity I'm any nations Tor
eign commerce except in years when the
Imports exceed In value or productiyeness
the exports e. when there is an ..ad
Herald.
OF course this is one of James Gordon
Bennett's attacksupon American labor
and industries. No other newspaper ON
earth would publish any such stufF
much less refer to England, NOW the
wealthiest nation on the globe" in cor
roboration CT the ''undisputed fact"
In the first place, England is not "the
wealthiest nation on the globe" Ac-
cording to Mulhall, 1.-THE United States
occupies the first place" with s12.s24.
100000 of wealth against only eg.4OO.-
100000 for the United Kingdom. But
Bennett, perhaps, knows more than
Mulhali. He should give to the world a
new dictionary of statistics. Then we
could make the country ring with
them"
If Bennett started any such trade
theories in England, it is no wonder that
the life of the London editor of the
New York Herald was so brief. Fore
warned is forcarmed. Englishmen are
not fools, as race, whatever else they
may be. But they made a fool of Will
son, just as surely as Paris is progress
ing in the same direction with Bennett.
If an excess of Imports makes coun-
try wealthy, why is it that British pa
pers, especially the London Economist,
are congratulating the English people
because last January's exports from the
United Kingdom were 10 per cent. larger
than in January, 1895? Why is it that.
in speaking of n decrease in their i'm
ports of raw cotton, they say that 1.-The
entire burden fell upon the United
States?" If Benefits theory were the
correct one-that 1.-The import is really
the goose that lays the golden eggs"
then England is to be pitied for losing
, some of 1.-THE golden eggs" But Eng
land pities us, the exporter, saying thai
the entire burden fell upon the United
States" Why? Because we sold less.
Again, the British papers refer to the
excellent increase of c 10, 345 900 in
their exports to all countries during
1895, showing that e9,199,0OO of the
amount was due to the low democratic,
tariff that we now have in the United
States. Over 90 per cent. of their en-
larged shipments were made to this
country, and they are glad of it. They
are not clamoring for more imports.
When they decline 1.-THE entire burden"
falls upon the United States. They
don't transact business on theory, but
or hard pan, bedrock, pounds, shill-
ings and pence basis. Were it other
wise, the English papers would not say
that the United Kingdom has "at last
entered upon period of fresh activity
in trade" and that the entire burden"
of it's smaller imports falls upon the
United States.
Bennett should open n school for eco
nomics. We doubt, though, whether it
would be as successful as his school for
scandal. He is anxious to teach the
theories of economies, and says there
should be n campaign of education on
this exceedingly important matter
Go ahead with the Campaign" 1t is
amusing. But don't tell us how rich
the British trade is getting when he i'm
ports more than he exports. At least
don't do it when he is rejoicing because
| his trade is directly the opposite
Wait Il little, till he has got over his
early enthusiasm and has stopped say
ing that 1.-THE entire burden" of his
lighter imports, falls upon the United
States" England is not caclling and
growing because she is losing "the
golden eggs" of trade. Not much,
/ ''paradoXical as it may seem" Eng
land is wise. And BENEFITS paper
well, otherwise