The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1898-10-21


| president had to borrow money 70
meet expenses by selling bonds, an
| extra session OF congress was called
! to meet March Is. and on July "a fol.
lowing tariff bill. protecting Amert-
can industries. became law. Consid.
| ering that the senate was not Repub-
Iican. this was one OF the greatest
achievements In history. No tariff biz
since the days Of Washington was ever
passed In 80 short q time, and none
has ever produced better results.
What splendid procession OF re-
suits In finance, Agriculture, business
trade. mining and manufacturing has
followed the election OF Republican
president and the passage Of a proper
Protection to American industries
has been restored, and while protect
ing our home markets from the CHEAP
labor OF foreign countries we have in.
yaded the markets Of the world. and
during the last year sold $500. 900. 00G
does this mean? It means that we
have 5000, 100000 more money from
other countries added to our wealth
It means that we have had the labor
and employment at home for our own
people necessary to manufacture and
countries paid us this 100000. 900 In
gold.
A sound currency has been secured
to the people, good the world over and
equal 10 the best money In the world
because the faith Of the government
had been pledged to make all our cur
rency, paper and silver alike, equal to
and as good as gold; and the Repub-
lican party has kept this pledge. Am
pie revenue has been provided to pay
the current expenses OF the govern
ment; the sale of government bonds
and Increasing the interest bearing
debt OF the government to pay ex-
penses has been stopped.
Our Foreign Trade.
Foreign trade has increased until
II Is now the largest ever known in
our history. Last year 1t reached the
enormous sum of $1,000. 100000. Elk.
ports being about 81 100000 and
Imports about $500. 100000 for the year.
August was the largest month ever
known In our foreign trade. Imports
are constantly decreasing, while ex-
ports are increasing: in other words,
we are buying less and selling more.
thereby making our country richer
every dry. Imports this year Will not
exceed $500, 100000. showing decrease
OF $15O.OO0. 900 over last year.
Cotton and provision exports have
increased. Last year we exported 800.-
100000 pounds OF ham as against $685.
100000 pounds for the previous year;
650,000,0O0 pounds Of lard against $685.
O00,0 In 1897. Exports OF cheese have
increased about $4,000. 900: The export
OF cattle over imports shows gain
of 30 900 head. Our export Of corn was
300,000,000 bushels in 1898 as against
177,000.00O in 1897.
Agricultural products have increased
in price, while the price Of nearly
every manufactured article the farmer
buys has fallen. Under the Dingley
bill exports increased the first IL
months S157, 100000 and Imports de-
creased $116,000,0OO.
Export of Manufactures.
The export OF manufactured articles
has increased until they now consti-
tute about SO per cent of our total ex-
ports The present year Will show. an
increase of about $60.000,0OO over last
articles while our imports have fallen
of $l5O000,0OO. The decrease in the
import of manufactured articles was
81 per cent in 1897, and will be Al per
cent in 1898.
During last year the manufacture OF
iron and steel made wonderful strides.
while the advance in the price of both
has Increased. and the iron and steel
mills are unable to fill their orders.
In 1880 we imported Of iron and steel
products 81, 900. 1000. and exported S14,-
100000. In 1890 our imports Of these
articles were Sal, 100000, and exports
had Increased to $25,000.0OO For the
fiscal year ending June. 1898. the inn
exports amounted to $4,000 900. In
1850 we imported five times as much
iron and steel products as we export
ed. In 1898, IS years after, we export
ed five and one-half times as much as
we imported.
Today TIE state OF Alabama fixes
the price OF pig iron In the leading
GUS result for a southern state. Penn
sylvania sends steel billets and plates
to England. and American rails and
other steel products go to Australia,
Japan and Russia.
Importations Of foreign wool have
been reduced, and the price OF wool
cents, sheep from $3.50 to $3.50 per
head. Under the Dingley bill wool
has gained IA to Is cents, and sheep
risen in price from $1.50 to SO. so, and
in some localities IS per head.
The gold reserve In the treasury has
constantly increased until 1t is now
$240,00O0OO. The lowest point reached
was under Cleyeland's second admin
istration, in January. 1895, when it
was $44000,000.
Tin Plate Industry.
The tin plate industry has increased
rapidly 1t is now giving employment
to 35 900 men, whose wages amount to
100000 per day and consumes about
$S.0O0OO0 worth of raw products an
nually. 1t will be remembered that n
few years ago the making OF tin plate
in this coltltry by putting duty on
that imported was laughed at and rid
iculed as impossible by Democratic
orators and the Democratic press. We
are now exporting the plate. thereby
saving at home the immense sums for
merly paid to foreign countries for
tin plate. besides giving employment
to our peopie for ali we manufacture.
Our lumber interests have become
prosperous; mills are running on full
time and new ones being built. The
value Of spruce and pine lands has in
creased at least S. per acre, while the
markets that were given to Canada
under the Wilson free trade bill have
been restored to American lumber.
Under two years of Republican adj
ministration a whole pyramid of mort
cages on farms in Kansas and Nebras-
ka has been paid on. and Is new on
exhibition ct the Omaha exposition.
Selling Bonds to Pay War Expenses.
To pay the expenses Of the war
5000 100000 of 3 per cent bonds have
been sold. after public notice. to 300
600 subscribers, at par. This is in
striking contrast with the sale of
bonds made by Democratic president
under private contract and without
notice to syndicate to pay current
aypnnenc pf tho poVprO mont in fip1p