The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-06-09
A FAVORABLE SIGN.

The birmingham. Ala News calls at
tontion 10 decrease in the Imports into
the United States to the amount of nearly
800 900, 600 during ten months OF the fiscal
year ending April 30, 1898. The chief re-
duction seems TO have been in manufac
turod goods.
The incident may be construed as a IA
vorabIe sign OF a growing sentiment for
home products. and it will have an adj
vantageous effect upon the general wei
fare OF the country. There Is no reason
why the people of this country should send
50 much OF their money abroad for com
modltlcs that are equally as we'll produced
In their own midst and which are lust as
cheap. M things being equal, American
goods should be given the preference since
the patronage of home institutions reflects
tho bsneltts alike upon both the producer
and consumer. Tho best way TO build up
a country is to encourage its manufacture
ing enterprise. country that enjoys an
extensive commerce, either externa! or IN
ternai, can hardly fail Of prosperity I'M
less hampored In It's growth by vicious
Legislative policies.
There is likelihood of fostering the
spirit OF dangerous proyincialsm by
pushing the home industry idea TO Its ex-
tremo conclusion. but 1t Is Infinitely bet
ter for tho general welfare OF II people to
run IN tina; direction than toward the OPP
posito and greater evil OF extreme cos
mopoltnnism. The policies OF q wise and
far reaching mutualism are the secret of
National success. They foster the senti-
ments u fraternity, and by uniting peo-
ple With the bonds of a common CONNER
cial welfare they Intensity the love Of
country ana In every way contribute TO
tho permanent strength and prosperity OF
the Nation.
An unrestricted commerce between the
nations at large Is. perhaps, the course OF
wisdom In order to restrain certain monop-
clistic tendencies that are always fos-
tered by protective tariffs, but all things
being equal any unnecessary extension of
the import trade should be discouraged
American labor Ia rs skilled as any in the
world. and With the assistance OF Amori-
can machinery and favorable economic
conditions the American manufacturer can
compete With the world In every respect
somc OF our sodhus contemporaries are.
SAYS the Indianapolis Sentinel. felcitating
themselves on the ground that the present ex-
periencc OF Spain proves that "silver Is
cnwsrd' as well as gold In time of war The
fac,s do not justify ths conclusion. The
| cause Of worrlment In Spain at the present
| t!-e Is that the masses NJ the people have be-
core suspicious OF the paper money issued by
| the Rank Of Spain, and are exchanging IL for
| silver. Gold played the part Of tho coward
uoc disappeared from circulation long nEo.
Although Spain Is u gold standard country.
ana the bank notes are redeemable In gold.
| there Is 10 goli TO redeem them With iut
there In an abundance OF SILVER In the country.
though much OF II Is IA the form Of bullion.
| The Spanish mint is reported 10 be ccinipg
mililon rractas daily, AMI old silver coin--isa-
| bella doileif--whiek had tecn retired fran
circulation. Is being reissaed The pcorle have
no fear OF silver, but they prefer Il 60 paper
money redeenablc In god presumably be-
cause they have lost ccnfLcnvc IN tho hank.
silver Is becoming the circulating medium, Of
the people.