The people's recorder. [volume] (Columbia, S.C.) 1893-1925, 1898-03-19
ASTONISHED
ENORMOUS PRODUCTIVE POWER OF
THE UNITED STATES: !

] b. f -
All Europe Concerned in the Giunt Strides
which AhierieiL Is Making Toward
Selling the Lions Share in tho Tradc
or the "orld-T:emarkabIo Statistics.
The New York correspondent of tho
Sheffield Telegraph is greatly i'm
pressed with the evidences that abound
of entire confidence in the fiscal policy
OF the administration of President Nc
lAlnley and in tho ultimate stability of
lie conditions of revived prosperity.
Writing under date of December II tho
correspondent informs his English
renders of tho extraordinary progress
made in tho internal md FOREIGN trade
Of the United States under the Protec-
tive system. Twenty years ago our
exports of manufactured commodities
amounted to only about 800. 600. 600,
and III 1889, just prior to tho ennct-
ment OF the Mckinley tariff, these OK
ports had increased less than $40. OOO.-
600, the total being then S138, 675, $40.
In the fiscal year of 1897 the iguresI
had increased to 1927, 295, 391, beingI
nearly 2Oper cent. of our total exports.
If to this we should add the product of
our mines, forests, nnI fisLeries-in-
Guiding canned goods-all of which,
employ in their production moro or,
less skilled American labor, We shouldi
have nm aggregate probably excccdingi
one-third of our total exports. .;
The free trade readers of tho Shelf,
field newspaper aro further informed
tnnt tho world is only beginning to-
have evidence of the produr-
tive power Of the United States." The
correspondent then quotes Mr.. Null
hall, the English statistician, rs fol-
lows:
"There is q decided tendency in the
trade OF the United States to open up
new channels i'll other parts Of tho
world than Europe. There is IN en-
coptlon rs regards Germany, with
which country commercial relations
have mado striking progress in ten
years, tho ratio Of increase of trade
being 45 por cent. The increase of
trade with Europe has been onlv -
per cent, while with other parts of
the world il hns been % per cent
The declining: atio of trade with Great
~3::5ta'" haSl'aen cry remarkable. In
1SI- rs the Mp,i::!" 1'nuntry stood for
As per cent. of the -. = n trade Of the
United States, but Hl&.Eu'io fell to 40
per cent. in 1926. is. r, 35 per
cent IN 1So2-96. Whtn IS, 'aaF in
mind tho free trade policy e >;reat
Britain, md tho similarity OF lan,:u% 20
and race of'the two countries, tLG dc
cline OF trade is phenomenal, 8. ing
that it is coeval with an increase of
dealings with Germany. All the
American Republics havo opened
up SO many new channels of trade
within the last ten, years between
northern and southern portions of
AMERICAN c,,,ti"nn tE1&alDbIneA~1a OIL
x srA- p. Spv4r-ncse their deal
ings with the United States, while the
trade between Great T,ritain and
South America has risen only 90 per
cent. in the same time. Ten years
ago British trade exceeded that of the
United States in South America by 40
per cent. ); ct present the the excess is
only 81 per cent, which shows that
before long the bulk of South Ameri-
can trade will be carried on with the
United States"
Attention is called to the equally
surprising showing for tho internal
trade of tho United States. It Isl nine
times rs great as tho amount Of inter-
change with foreign countries. 1t |
rose fCrty-nine per cent. in the inter
OF fourteen years; from 1880 TO !!
1oat, the increase Of population hay |
ing been t~hirty-six per cent. The de-
Veiopment OF national Il IS
still more striking. eff we count the
working years." says Mr.. Mulhall,
"as three hundred days tho internal
tiade will be found to average forty ,
q. sht million dollars daily, while ex-
.srnal commerce is little over five |
millions. Moreover, internal trade |
progresses much faster, having risen
forty-nine per cent. since 1880,
whereas foreign trade is hardly ten
per cent. higher"
It interests Sheffield to know that |
our exports Of iron and steal manu-
features have more than doubled in
value since 1890, III spite of the de-
crease in tho unit of value. The Same
is true of our exports Of leather goods,
which in the year ending, Juno 80, !
1897, reached n value of $40, 900, 900. |
value Of bicycles jumped from
81. sos, 012 in 1886 to s zoos, 1928 in
1897.
All this must be extremely interest
ing, III not altogether gratifying, to the
great iron and steel and machinery in
terests of Sheffield, and the fact That
of this character is eagerly
sought and conspicuously displayed
by the British newspapers shows with
what keen watchfulness the u%nparal-
leled industrial md trade develop-