The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-08-08

During nine OF these fifteen years the
trend of the gold movement was in our
favor. and during only two OF the remain
ing six years-that Is 10 say, in 1889 and
1S9i-was the outward movement large
enough to attract attention. In 1889
there were large importations under the
tariff Of 1883 for the purpose of antici-
pating the increased duties of the Nc
kinley bill, and this caused an outward
fiuX of gold In payment. In 1891 the cx-
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 10 return some of those
securities 10 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 inn
ports of gold exceeded the aggregate ex-
ports TO the amount of $40, 56S, 80
During this period the national debt was
reduced from $2,340, 567 ,232.O 4 in 1870 TO
81, 563. GU. 1853 i'm 1892, a total reduc-
ton of $IS5.954. 1854.
Now let us turn 60 the years from 1893
TO ls0G, when tariff reform" held the
boards:
. &C
1911 'ENports ................... 4.J2S.of2
1893. Exports .................. 3O.0S4, 440
1870" Exports .................. 14.5l1, 2J2
'Elevcn months ended May 81.
Here we have n total loss Of gold dur
ing the short era of Democratic tariff
reform" of S191 ,531 ,1O0. or n net loss in
four years of S0o,062,916 over the net
gain accumulated during the preceding
fifteen years During these same disas-
trous four years of Wilson German tar
in reform, the national debt has been in
creased in principal $500, 454, $50, and in
interest yet TO be paid almost $3.50, 00O,-
600 or over S500OOO. 900 In all Had
the voters of the United States not heed.
ed the false arguments of Democracy i'm
1872 the national debt, instead of being
increased in principal and interest over
half n billion dollars in the intervening
four years, would, at the same rate of
decrease which prevailed from 1879 Ca
1872, have been lowered TO the extent of
S224. 50S,5O 30. and instead Of loss of
Sl01 OBJ Jog through gold exports we
should, at the ratio of the preceding fif-
teen Republican years, have had net
gain through imports amounting in the
four years TO 27,OS5,012. Recapitulat.
ing these losses, and not saying anything
of the tremendous personal losses infiict.
cd by the tariff reform" experiment
upon all classes of American citizens
for these in the aggregate are obviously
incalculable-wc find that the "chnnge OF
1897" from Mckinley protection 10 VII
son-Gorman free trade has cost the gov
eminent Of the United States directly, In
its finances, not less than 500 ia, :
625.32, n conclusion reached as follows.
Loss Of gold through actual
export ..................,. S1g7, 53I, lOG. OC
Loss OF gold through what
would have been Imported
had the Republican ratio
from 1873 10 1892 obtained
from 1872 70 1895. 27.Os5.oi2.o OK
Loss through Increase In ma
| tional debt .............. 800 900, 600. 90
Loss through what would
have been the reduction OF
debt had the Republican ra-
ito OF debt reduction which
prevailed from 1879 90 1892
prevailed also from 1892 TO
lSDO .....-.......ss.sss.. --fsooc,oVf -.
Total loss. .............S 0Io, ia .025 3.
This loss has nothing 60 do with the
question whether gold or silver
standard IL the better. IL Is n dircc
| fruit of the Democracys unwise agita
ton against protection: a palpable dem
onstration that the tariff is cmphatically
an issue In this cumpaign.-Scrantor
paD Tribune.