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

All Europe Concerned in the Giant str,,,,a
which America Il Making Toward
solzing the Lions Shnre in tho Trade
"f tho NEUTRALITY-SUSPICIOUS. Statistics.
The New York correspondent Of tho
Sheffield Telegraph is greatly i'm
pressed with the evidences that abound
of entire confidence in tho fiscal policy
OF the administration of President NIc.
Ilnlcy and in the ultimate stability of
tho conditions of revived PROSPERITY
Writing under date of December II tho
correspondent informs his English
aue OF tho extraordinary progress
maze III the internal and foreign traue
OF the United States under tho Protect
tlvo system. Twenty years E our;
exports Of manufactured commoditios,
amounted to only about 500, 600, 600.
and i'll 1889, just prior to tho cnac.-'
ment of tho Mckinley tariff, these ey-l
ports had increased less than $40. OOO. :.
Ooo, the total being then S13S, CTS, $40.
IN the ilscnt year Of 1897 the figures.
had increased to 1927, 2SS, 391, being;
nearly 20 per cent. of our total export /.
If to this we should add the product of.
our mines, forests, and tisl,eries-in-;
Guiding canned goods--all of which,
employ i'll their production more or,
less skilled American labor, VIC should;
nave an aggregate prolmb'y EXCEEDING
one-tiiird of our total exports.
The free trade readers Of tho Shof-,
held newspaper arc further informed
thHt "thc world ia only beginning to
nave evidence of tho enormous produa-
tive power OF the United States" The
correspondent then quotes Mr.. Null
hall, the English sta%tistician, us fol-
lows:
There is a decided tendency in the
trade of the United States to opcn up
new channels i'll other parts OF tho
world than Europe. There is IN cx-
coption us regards Germany, with
which country commercial relations
have made striking progress in ten
years, tho ratio Of increase Of trade
being Is per cent. The increase Of
trade with Europe has been ONLY 1e
per cent, while with other parts of
the world i hns been % Der emf.
~" i"c'lrin. 30 Of trade with Great
N'iM" - ~ remarkable. tn
80 - re \" i" '"untry stood for
ID per cent. of Il" II trade Of Tie
United States, bat ,!l&.., i fell to 10
per cent. in 1926. d.. , 35 per
cent in lS32-2G. VIII, oar in
mind the free trade poli"y : ga!
Britain, and the similarity @, i,-,o. ~.
and race Of The two countries, TO-
elmo Of trade is phenomenal, g. .nn
that it is cocval with an increase Of
dealings with Germany. All tho
American Republics have opened
mp SO many new channels Of trade
within the last ten years between tin
northern and southern portions of
"T.:'r.'2 '.''} mt ~""Le.~.a IA
Co. - = ~" cvnt.'1n their deal
ings with, the United States, while the
trade between Great Britain and
South America has risen only 20 per
cent. in the same time. Ten years
ago British trnde exceeded that of the
United States n South America by 10
per cent; at present the the excess is
only II per cent, which shows that
before long the bulk of South Ameri-
= trade will he carried on with the
United States"
Attention is called to tho euually
surprising showing for tho internal
trade OF the United States. Tt Ia nine
lines rs great rs the amount OF Inter
change with foreign countries. It
rose }crtS-n!nc i'c- cent. in the inter
val o. fourteen Years; from 1880 to
13lt, the inrreasr OF population hay
ing been tlli:ty-siS per cent. The de- !
vclnpmclit o: national IS !!
still more striking. 'If we count the
working years." says Mr.. Mulhall,
Gas three hundred day; tic internal
trade will be found to average forty
eight million dollars daily, while OK
tcrnal commerce. is little over five !
millions. Moreover, internal trade
progresses much faster, having riSca !
forty-ninc per cent. since 1880, !
whereas foreign trade is hardly ten
per cent. higher"
1t interests ShcGic!d 10 know that
our exports Of iron and steel manu- |
features have more than doubled in
value since 1890, in spite Of the de-
crease i'll the unit Of value. The same
IS true OF our exports Of leather goods, !
which III the year ending June so,
1897, reached II value of so, GOO, 600.
The valne Of bicycles jumped from !
$l,S3S,Ol III 1896 to s., 0O5. 1923 in
1897.
All this must be extremely interest
ii not altogether gratifying, to the ,
great iron and steel and machinery i'll
tercsts Of Sheffield, and the fact that !
Of this character is eagerly
and conspicuously displayed
by the British newspapers shows with
keen wa.chfulncss tho unparal-.
JnlnI i,lI1cfrin nn,1 &r,Io 1o,Io~ !