The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-08-13
UNDER THE WILSON LAW.


The Manufacturing Exports for 1900
Were the Largest in the Country's His
tory-Ths Result ~ international Trade
Enco Jagged by Low Import Duties ~
Unttas states Ports.
. ST.. Louis. Aug. 5.-A Washington
special To the Republic says:
The complete record Of manufactur-
ing exports for the fiscal year ended
June 80 shows that un der the demo-
cratic tariff, the Wilson law, that class
of exports has been the largest In the
history of the country. The manufac-
turing exports for June were 25,s7s.-
204. and for the entire year they
amounted to s270, 357, SCI.
The record for June las been sur
passed only twice in the commercial
history of the co~untry-in March last,
when the figures were S25. STA, 46p, and
in May. when the figures were S26, 457,-
Az. Under the last year of the demo-
cratic tariff the record for the fiscal
year is SIS, 900, 600 higher Than any pre-
vious record, representing an increase
of nearly so per cent. over the manu-
featuring exports of slss. 5s5, 74s in the
fiscal year 1898, and more than 30 per
cen over the manufacturing exports
of s22s, 571, In for the fiscal year 1896.
The total for the calendar year 1896
was $3.50. ess. 527, but the fiscal year
1877 surpa sses even this total by sea-
900. 900. and the rate Of increase indi-
Gated for the first six months of 1897
over 1896 would afford a total for the
present calendar year of $3.50, 600. The
actual increase during six months has
been about s23, 900, 600.
The details Of those increases have
not yet been compiled fully by the bu-
reau Of statistics, but they probably
will show. like the similar figures up
to the end of May, a large increase in
: American exports of bicycles, electric
al apparatus, machinery and like arti-
cles.
The growth Of manufacturing ex-
ports has been uninterrupted during
the last four years. The figures for
June. 1897, show an increase of about
50, 900, 900 over those for June, 1895, or
more than so per cent, aud show an
increase of 81. 900, 900 over June, 1896.
or nearly 20 per cent. The record by
fiscal years shows manufacturing ex-
ports of sl5S.51 931 in 1892. S15s. 023, lis
in 1898, S1ss. TBS, sos in 1894. S193, 1875, 743
in 1895. S22s, 571, IFS in 1896, S276, 357, SOL
in 1897.
The p~rotectionists, no doubt, will
seek to explain away this growing ex-
port trade On the ground of low prices
and need Of n foreign market for the
surplus of American production, even
ut some sacrifice. But that ''explana'
ton" is not at all satisfactory. As
stated above, "A large part of these ex-
ports nave been on bicycles, which
maintained a standard market price in
the home market until July /. There
has been no ~stognation of the bicycle
trade in the American market. and, a.
everyone knows, the price of the wheel
has not been SO low in this country a.
to compel the manufacturer to sell his
product abroad at a loss. On the con
trary, the manufacture of bicycles has
been extended under the democratic
tariff until there are many makers do
ing a large business in nearly every
state.
The increased export trade IL due
unquestionably, to the lower rates o
import duties imposed in the vii
son act. As was stated in thes
dispatches yesterday, the exports o.
southern pine already are begin
ming to decrease, owing TO the 81 tariff
on lumber in the Dingley bill. Tn,
reason for this is that the Canadian
pine. being excluded from the Ameri
can market, is thrown into sharp com
petition with the southern product il
the foreign markets. And this rule
will be found to apply to the export o.
articles in general on which higher
duties are fixed by the new tariff. The
enormous export trade Of the last foul
years undoubtedly will show a marked
falling off under the high Dingley tar
i'll. and the export figures given above
afford, If proof is necessary, ample evi.
dence of the wisdom of a low tariff for
tho hrtlliur mn ~ nnr fcrasrp trala