Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-08-12
UNDER THE WILSON Law.

The Manufacturing Exports for 1890
Were the Largest In the Country's HIS
toFy-The Result of international Trade,
Encouraged by Low Import Duties at
United States Ports.
Z ST. Louis, Aug. 5.-A Washington
special to the Republic says:
The complete record of manufacture
ing exports for the fiscal year ended
June so 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 S25, $751;
204, and for the entire year they
amounted to s376, 357, SOL.
The record for June has been sur
passed only twice in the commercial
history of the country-in March last,
when the figures were S25, s74. 469, and
in May, when the figures were $40. 457, =
Az. Under the last year of the demo
cratic tariff the record for the fiscal
year is S4S, 600, 900 higher than any pre-
vious record, representing an increase
OF nearly so per cent. over the manu-
featuring exports of S1S3, 595, 743 in the
fiscal year 1925, and more than 20 per
cent over the manufacturing exports
of S22s, 81, It's for the fiscal year 1896.
The total for the calendar year 1896
was S25S, 6SS, 527, but the fiscal year
1897 surpa sses even this total by SEA-
900, 600, 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, 900. The
actual increase during six months has
| been about S23, 600, 900.
The details of those increases have
not yet been complied fully by the bu-
reau of statistics, but they probably
will show, like the similar figures up
to the end of May, 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
+ Sc, 600, 600 over those for June, 1895, or
more than so per cent, and show an
! increase of 1000, 900 over June, 1896,
or nearly 30 per cent. The record by
fiscal years shows manufacturing ex-
ports of S15S. $40, 937 in 1892, S15S, 023, 11S
| in 1898, SfS3, 72S, S3S IN 1894, S193> 595, Z AZ
in 1895, 1928, ST, IT'S in 1896, S276, 357, SCI
in 1897.
The protectionists, no doubt, will
seek to explain away this growing ex-
port trade on the ground of low prices
and need of a foreign market for the
surplus of American production, even
| at some sacrifice. But that ''eXplana-
ton" is not at all satisfactory. As
stated above, large part of these ex-
ports have been on bicycles, which
maintained a standard market price in
the home market until July l. There
has been no stagnation of the bicycle
trade in the American market, and, as
everyone knows, the price of the wheel
has not been so low in this country as
to compel the manufacturer to sell his
product abroad at loss. On the con-
trary, the manufacture of bicycles has
been extended under the democratic
tariff until there are many makers do
ing large business in nearly every
state.
The increased export trade is due,
unquestionably, to the lower rates of
import duties imposed in the Will
son act. As was stated in these
dispatches yesterday, the exports of
southern pine already are begin
ming to decrease, owing to the 81 tariff
on lumber in the Dingley bill. The
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 in
the foreign markets. And this rule
will be found to apply to the export of
articles in general on which higher
duties are fixed by the new tariff. The
enormous export trade of the last fOtit
years undoubtedly will show marked
falling off under the high Dihgley tar
iff, and the export figures given above
afford, if proof is necessary, ample evil
dence of the wisdom of a low tariff for
the building up of our foreign trade.
ANYTHING tn uJIN