Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1896-08-06

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 to say. in 1889 and
lS9l-.was the outward movement large
enough to attract attention. In 1888
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
nux OF gold in payment. In 1891 the ex.
traordinary outflow arose largely because
OF the barring failure, which caught in
It's 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.
Ihese explanations are ample TO account
for the exceptional exports which char
acterized " of the years of the Harri-
son administration, when the revenues of
basis. Adding imports together and com.
paring results for the fifteen years in
question we find that the aggregate i'm
ports OF gold exceeded the aggregate OK.
ports to the amount of SOL, 56S.31O.
Dur'ng this period the national debt was
reduced from 2349, 567 .232.O4 in 1879 to
ton of $7S5, 954, 1854.
Now let us turn to the years from 1SN3
boards: D'o 'He
!S93. Exports SGT 5oe Aea
1a0s E~PS..s ''....'....:.... 4,52S, 94l
ISgNs Expo.H '''......... 3O,9S4. AS
Ao"o' 'HAports ................. 74.5l1. go
ELEVEN months ended MAY 81.
Here we have a total loss of gold DIR.
ing the short era of Democratic "tsriff
reform" of $197 .531 log. or n mot ,oss ~
four years of $95 ,962, 976 over the not
gain accumulated during the precedinv
fifteen years. During these same disas.
trous four years of Wilson-GOrman tar.
i'll reform. the national debt has been in
interest yet to be paid almost $3.50. 600
600, or over 100000, 600 in ain. Hod
the voters of the United States not heed.
ed the false arguments of Democracy in
!6VZ the national debt, instead; of beine
increased in principal and interest over
nalf a billion dollars in the intervening
our years, would. at the same rate Of
IN. have been lowered to the extent Of
$224.55S.5O7. 80. and instead of a loss Of
$!l97 531,1O6 through gold exports We
should; at the ratio of the preceding ff-
teen Republican years, have had a net
cam through ismgorts amounting in the
ing these losses. and not saying anything
OF the tremendous personal losses inl,ct.
ca Dy the tariff reform" experiment
upon all classes of American citizens
Tor these in the aggregate are obviously
,ncalcuia bie-we find that the Change of
lSss2, from Mckinley protection to viii.
son-rolman tree trade has cost the gov
eminent of the United States directly. in
It's finances, not less than x040.i14-
t20.32, a conclusion reached ma follows.
Loss OF geld through actual
Loss Of gold through what
would have been Imported
had the Republican ratio
from 1878 to 1892 obtained
from 1892 to 1896 ....,,..... q ne, 01o m
Loss through Increase in ma.
ti0nal debt ............. 50O ON onn M
Loss through what would
have been the reduction OF
debt had the Republican ra-
ito Of debt reduction which
prevailed from 1879 to 1892
prevailed also from 1892 to
1895 224.55 .5O7 80
u -------
Total loss. .$949. ia, 6oo5. 81