The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1898-11-26
POWER OF APPETITE.
Unaer American Policy, Great Brffaiu
Must settle Ms Adverse Trade
balance In Cash.

into the United States have fallen on
greatly in the past year. while Amer
lean exports to Great Britain have
greatly increased. has been announced
from time to time during the year.
but the full years figures, just pre-
scented by the treasury bureau of sta
| tistss, brings to the surface some in
| teresting details not heretofore pub
lished. These show that while the ex-
ports from the United States to tho
United Kingdom have increased IL
per cent. the imports from the United
Kingdom have fallen OF, IS per cent
The marked disparity between the
amounts of our sales TO and our pur-
chases from Great Britain tends to
unsettie the long-cheri.hed theory of
| the Cobdenite school of doctrinaires
that all trade must be equalized; that
where you do not buy you cannot sell
The fallacy OF this proposition oughS
by this time to be very generally recog-
nized. II never did and never could
hold good In n country possessing the
rare and exceptional advantages of o.
| surplus alike of breadstuffs and OF
manufactured products. Such a eoun-
try, under n sound system by which tho
home market Is defended against In
| furious foreign competition, must In
| evitably become the richest among all
nations, for II can supply at home the
greater portion OF it's wants in the
| line OF manufactures, while having o
vast excess OF food TO sell to the out
side world.
That is the enviable fortune Of the
United States. The world wants our
agricultural products, and will pay for
them in cash IL they can be paid for in
no other way. No country will go
hungry for fear OF an adverse trade
balance. 1t will first buy food, and
then figure how TO economic In some
other direction. and the country hav-
ing the food to sell will always be
the gamer. provided II does not fritz
ter away this splendid advantage by
neglecting the development Of DIVERSE
fled home industries.
The exports from the United States
TO the United Kingdom during the past
year were in round numbers five times
as much asthe imports from the United
Kingdom. the figures OF the bureau OF
4
United Kingdom. s109, 1875, 365; exports
to the United Kingdom, $5to,s6o,152.
| The details OF the reduction In our inn
| ports and increase In exports in our
commerce with the United Kingdom
are shown in some figures reproduced
| by the treasury bureau of statistics
from the "0fficial Reports OF Trade
and Navigation Of the United King
| DOM" which show the exports Of prin-
cipal articles from the United King
dom TO the United States, and her inn
ports Of principal articles from tho
United States in the year ending juno
30, 1903, compared with those Of 1907
and 1896.
Among the heaviest shrinkages in
our purchases from Great Britain IL
the item Of wool, which we bought in
1898 TO the value Of & 566,705, against
955,4o5 In 1897 and 4 46S,174 In 1895.
Cotton piece goods fell from 6 1884,
$50 in 1897 to C I,15o,507 In 1898; linen
manufa ctures, from & 900 in 1897
TO G1,423,s12 In 1898; jute manufac-
lures, from & 1,441,T72 TO 975i,4 06;
wooden tissues, from ,4o7,o66 In 1895
and e 1,226,7s1 in 1897 to G217.s6t in
1898; worsted tissues, from c 3,071 300
In 1896 and e2,75O,9s2 in 1897 TO C $780,
$40 in 1895; hardware and cutlery. from
1872, 743 In 1896 and 1886, 16i In 1897 to
s4,3s7 in 1898.
| In 1896 we bought OF Great Britain
| tin plates and sheets OF the value OF
G1,99l.527; In 1897, & 1863. 1874, and In
1893, TS7,134. Textile machinery fell
from C 504, $50 In 1895 to G 264,075 two
years later; alkali, from g653. S23 In
1890 to G 23s, 396 the past year; earthen-
ware and china, from 6 s93,13 In 1896
and G742,47l in 1897 10 G 613, 563 In 1898.
All this time the British appe lite has
vlsibly and steadily increased In mon
ner calculated TO disturb the eternal
rest OF John Stuart MIL and Richard
| Golden, and the balance Of trade has In
consequence simply gone TO the dogs.
Measured in pounds avoirdupois tho
United Kingdoms purchases OF tho
United States OF -four has In two years.
gone from 5,623 ,6l0 to 1901. $40; wheat,
s,2s3,179 10 1895, 1877; oats, 404, 064 to-
2,4e6,1S6 Indian corn, 4,632,7os to
7,730,2 20; and so on down the list Of
bacon, fresh beef, hams, cheese, lard,
copper, raw cotton, tallow, stearine,
wood and timber, leather and horses.
In every item there has been q heavy
Increase, so that In the year ending
June 30. 1898, our credit merchandise
balance In the account with Great Brit
ain was In round numbers s43o,ooo 900.
Our British brethren would greatly
prefer to pay this balance In various
sorts OF manufactured articles. but arc
not permitted TO do so because Of the
American tariff policy. SO the big bal
ance must be paid In gold, OF its equiv
alent, and the United States Is made
just so much the richer and more pros
porous by the operation. There need
be no fear that the loser In this UNI
equal business transaction will stop
trading with us. not so long IA the Brit