Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1898-07-29

eleven months of the Dingley turin
period that 1t has compelled the Cob
:lenites to admit that we have estab-
ished a notable excepeion to their ia
corite rule.
But they qualify this admission by
:he claim that the credit balance of
$500, 100000 in favor of the United
States for the fiscal year is wholly due
to the exceptional conjuncture of an
almost universal crop shortage outside
of the United States, wherefrom has
sprung up u demand for our surplus
foodstuffs ut greatly advanced prices.
They tell us that this condition Is un-
usual and not likely to occur again in
many years, and that 1t in nowise dis
turbs the soundness of the Manchester
theory that Il protective tariff is wholly
incompatible with the expectation Of
manufactured products.
Ii this Avere true, our sale of manu-
featured commodities to foreign coun-
tries should show Il marked decrease in
the past ten months. But there has
been no decrease; on the contrary, Il
steady and important increase. Not
only has the outside world bought
largely than eve before of IL manu-
features since the Dingley tariff went
into operation, but 1t has broken the
record in another respect-that of buy
ing from us n larger quantity of manu-
featured goods than it has sold to us.
This is wholly unprecedented in the
history of the United States.
In the fiscal year 1897 the imports of
manufactured articles exceeded the
value of exports of manufactures by
the sun Of y 6 2217; in 1896 by $1O4,-
77559, 113SI. and in 1895 by S121, Ala, 7S3. In
detailed record the bureau Of statistics
has just completed, the exports of man.
ufactures exceed by over $I0,OO0,OO0
the value of the manufactures import
cd, and 1t is probable that for the full.
years record this excess will reach
$5O.0OO,0O0.
Coming to the details of this splendid
showing in favor of the American pol
icy, we find that nearly every branch
of industrial enterprise has shared in
this foreign trade extension. The ex-
ports of agricultural implements, which
in 1883 were about $22,GDO.OOO in value,
will in the year 1893 be in round num-
bers SG,OOO,OOO. Locomotive engines,
whose expectation in 1888 was less
than 100000 in value, will in 1898
reach probably $4,000,OO0, orders for
more than $50 engines having been
placed with the great manufacturing
establishments during the past two
months for S in China, Japan. Russia,
Egypt. Australasia and South America.
Bar iron, Of which we exported 1,5U0,-
GOO pounds in 1888, will amount to TO-
100000 pounds Of exports in 1888.
Builders hardware. the exports OF
which in 1855 We're valued Mt $1,442.-
Csc. were last fiscal year $4,1522,333G in
value. The exports Of cut nails. which
in 1883 amounted to II. 963 ,664 pounds,
will in 1898 amount to more than 3d.
100000 pounds, an increase OF 200 per
cent. while wire nails have increased
over 1000 per cent, the exports OF wire,
wrought and horseshoe nails in 1883
being 1.547,07S pounds, while those of
1898 will reach nearly, If moi quite, 3D.
100000.
Exports Of iron plates and sheets,
which in 1889 We're less than 100000
pounds. will. in the year Which ends
with this month, amount to nearly
S,0G0,UGO pounds. while those of steel
plates and sheets. which were but no.
40 pounds in 1888. will exceed 100000
GOO pounds in 1898.
The total value of the exports of man.
ufactures OF iron and steel. which In
1888 amounted to s17.7G ,0ss4. vii! in
1878 exceed 5000 600. The exports
Of leather and manufactures in the
same period have increased by $4,000
Geo. Exports Of illuminating oils in
creased by 3A,O0O.OOO gallons a year.
Manufactures Of cotton show an in
crease Of so per cent. in the value of
their exports during the past ten years;
exports Of chemicals have also In
creased 80 per cent. in value during the
same time. Manufactures of copper in
1883 were $3,S12. 79S. and last year $751;
Go1, 1875.
In most other manufactured articles
there have been similar gains, nearly
the entire list having shared in a great
er or less degree in the growth of the
export trade during the past decade.
The total expectation OF manufactures
In 1883 amounted to $3.50. 300. 1859. and
in lSs9 see::.s likely to reac, nearly or
quite $20O.tSN.tdM
No more conclusive demonstration of
the practical wisdom Of the American
policy than that given in our foreign
trade statistics could possibly be fur
nished. The history Of nations contains
no parallel to the record already made
under the first eleven months Of re.
stored protection.
Talking Throuxh Their Hat..
These papers which insist OH assert
ing that the Sugar Trust haa worked
for tho annexation O! Hawai-: seem not