Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1898-10-29


I penses has been stopped.
our Foreign Trade.
Foreign trade has increased until
/ It is now the largest ever known in
our history. Last year 1t reached the
/ enormous sum Of $500 100000 EX-
/ ports being about ST $50 600 900 and
! imports about 5000 900 900 for the year
/ August was the largest month ever
1 known IN our foreign trade. Imports
4 are constantly decreasing. while en-
ports are increasing; i'm other words,
/ we are buying less and selling more,
/ thereby making our country richer
every day. Imports this year Will not
4 exceed $500 600 600 showing a decrease
/ Of $3.50 600 900 over last year.
Cotton and provision exports have
| increased. Last year we exported 500
I 600. 600 pounds Of ham as against $685.
| 100000 pounds for the previous year;
1 $50 10000 pounds Of lard against $685.
I 600 600 in 1897. Exports OF cheese have
/ increased about $4,000 900. The export
! Of cattle over imports shows a gain
/ Of 80 600 head Our export Of corn was
: 900. 600 900 bushels in 1898 as against
! III, 100000 in 1897
( Agricultural products have increased
I in price, while the price Of nearly
I every manufactured article the farmer
buys has fallen. Under the Dingley
/ bin exports increased the first II
months sl57 600 900 and imports de-
/ creased $4,000, 600.
Export of Manufactures.
| The export of manufactured articles
| has increased until they now cOnsu-
| tute about 36 per cent Of our total ex-
/ ports The present year viii show an
! Increase of about 100000 600 over last
/ year in the export of manufactured
| articles, while our imports have fallen
4 RI In hA.
import of manufactured articles was
! 81 per cent in 1897, and will be Al per
cent in 1898
During last year the manufacture Of
I 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.
1 In 1880 we imported of iron and steel
| products 81 600 600, and exported Sl4,-
/ 600, goo. In 1890 our imports OF these
1 articles were Sal 600, COO, and exports
had increased to $25000000, For the
! fiscal year ending June. 1898, the i'm
ports decreased to S12, 615 900, and the
exports amounted to $70,000,0 600. In
1880 we imported five times as much
iron and steel products as we export
ed In 1898 18 years after we export
ed five and one-half times as much as
we imported.
Today the state of Alabama fixes
the price of pig iron in the leading
markets of the world. What a glori
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
| and sheep has about doubled. Under
the Wilson bill wool declined IA to Is
cents, sheep from $3.50 to $1.50 per
head Under the Dingley bill wool
has gained IA to Is cents, and sheep
risen in price from $3.50 to $3.50, and
in some localities IS per head.
The gold reserve in the treasury has
( constantly increased until it is now
/ the highest ever known, reaching
| $40 600 000 The lowest point reached
was under Cleveland's second admir-
istration, in January, 1895, when it
was $44 100000.
Tin Plate Industry.
The tin plate industry has increased
rapidly. 1t is now giving employment
to $4,000 men, whose wages amount to
/ $500 per day and consumes about
! $8,000,000 worth of raw products an
nually. 1t will be remembered that a
| few years ago the making of tin plate
! in this country by putting a 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 people for all 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
| aouad nf lp1Ct e. while tho
/ markets that were given to Canada
under the Wilson free trade bill have
| been restored to American lumber
Under two years of Republican ad-
/ miuistratiOn q whole pyramid of mort
/ cages on farms in Kansas and Nebras-
| ka has been paid eff, and is now on
exhibition at the Omaha exposition.
Selling Bonds to Pay War Expenses.
To pay the expenses OF the war
. 5000 0000 600 OF per cent bonds have
been sold, after public notice, to 200
! 600 subscribers, at par. This is in
striking contrast with the sale of
bonds made by Democratic president
| under a private contract and without
! notice to a syndicate to pay current
expenses Of the government in time
! Of peace, the loss to the government
on the first $50,000000 being about So
| 600 COO Yet certain Democrats in
/ congress opposed the sale of bonds to
carry on the war.
While August shows the largest bus
mess in the history of our foreign
trade according to Dunn & Company
. business failures We're less than any
, August in the last five years. All
these beneficial results and others that
might be named in the business and
financial world that have come about
under Republican administration
are not accidental: they are the fruit
of Republican policies, wisely admin
istered.
Campaign Prophecies Of Democrats.
During the campaign Of 1896 Mr.
Bryan and other Democratic lead s
declared that the price Of wheat would
follow the price Of silver; that there
was some mysterious connection be
tween the price of silver and other
commodities; that if the price of silver
was low the price Of all other prod
ucts as a result would be cheap. This
was argued everywhere, on the STUMP
and i'm the press, by the Democratic
party Within the last two years
wheat has sold for a long time at 81
per Lushel. and the price of nearly al
farm nrgdupts has advanced while tbe