The true northerner., 1896-04-22

dents.
Paradoxical as it may seem TO those
imbued with the false mercantile theory,
there can be no real prosperity in any
nations foreign commerce except in
years when the imports exceed in value
or productiver~ss the exports e..
when there is an adverse balance Of
trade" ESQ called }. New York Herald
OF course this is one of James Gordon
Benefits attacks upon 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 Of the "undisputed fact
In the first place. England is not 1.-THE
wealthiest nation on the globe. " Ac-
cording TO Mulhall, "the United States
occupies the first place" with el2, 824, :
900, 900 of wealth against only so, 400, :
900, 900 for the United Kingdom But
Bennett perhaps knows more than Null
hall He should give to the world 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 edition of
the New York Herald was so brief
Forewarned is forearmed. Englishmen
are not fools as race, whatever else
they may be. But they made fool Of
Wilson just as surely as Paris is pro-
crossing in the same direction with
Bennett.
If an excess Of imports makes a coun-
try wealthy, why is 1t 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 decrease in their i'm
ports of raw cotton, they say that "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 that
"the entire burden fell upon the United
States. " Why? Because we sold less.
Again, the British papers refer to the
excellent increase Of e10, 345, 900 in
their exports TO all countries during
1895, showing that 60, 1919, 900 Of the
amount was due TO the low Democratic
tariff that we now have in the United
States. Over 90 per cent of their Ell
larged shipments were made TO this
country, and they are glad of it. They
are not clamoring for more imports.
When they decline, the entire burden"
falls upon the United States. They
don't transact business on theory, but
ON hardpan, bedrock, pounds, shil-
lings and pence basis. Were it otherwise
the English papers would not say that
the United Kingdom has "at last en-
tered upon period Of fresh activity in
trade" and that 1.-The entire burden"
of its smaller imports falls upon the
United States.
Bennett should open a school for
economies. 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 a 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 trader is getting when he
imports more than he exports. At least
don't do it when he is rejoicing because
his trade is directly the opposite. Wait
little till he has got over his early en-
thusiasm and has stopped saying that
"the entire burden" of his lighter i'm
ports, falls upon the United States. ="
England is not cackling and Growing
because she is losing 1.-The golden eggs"
of trade. Not much, 'paradoxical as it
may seem" England is wise, and Ben
nett's paper-well, otherwise.