The Wellington enterprise. [volume] (Wellington, Ohio) 1899-1900, 1899-09-27

| tures amounted to S1,0lS, ,l4O, 76l.ob
There was an excess of expenses over
receipts Of $l27, 1868, ,s0e.27. In this outgo
there we're more than 2SO,0oOOOO on
account of the war with Spain. With
out this war there would have been no
reed for war taxes, no necessity for
borrowing money, and the pledge of the
: Republican party to provide money
enough Ito meet the expenses of the
government and pay its interest would
have been kept, and $50,oOO0OO applied
to the reduction Of the public debt.
benefits to American Manufacturers.
The new tariff law has been beneh-
cial to American manufacturers. This
is shown by the fact that during the
last two years the Importation Of for
eign manufactured articles have
amounted to the sum Of $206, 100000,
while in the two years preceding they
were worth 279,6OOO0O. The law has
operated to exclude manufactured ar
ticles TO the amount Of nearly $75,OO0,-
00O and thus enlarged for ourselves
tine home market to this extent.
1t was claimed against the new tariff
law that it would exclude from this
country the crude articles necessary for
use by American manufacturers, and
for the Wilson tariff, with its free
raw material theory. that 1t would ia
| cilitate the Introduction of these arti-
exploded this theory, as they have so
many others Of Democratic origin. Dur
ing the first two years of the Wilson
law, the value Of these articles amount
ed to only s4OO,OO0,O 900. Under the new
tariff law they were Of the value Of
s423 900, 900.
1t was claimed as an argument
against the new tariff law, that its en-
actment would damage American trade
abroad, and would result in a reduc-
tion in purchases by other countries
from US. 1t Is wonderful how little
actual experience has destroyed this
cherished Democratic theory. During
the first two years, Of the Wilson law,
the value Of American products sold to
foreign nations was $1,69O, ,00O,0 900. Dur
ing the two years ending on June SO
last, 1t was .S,459, 600, ,oOO an increase Of
As per cent, or $769, 1000, 900. The value
of manufactured articles sold to other
countries In the two years first referred
to, was about $412,OOO.OOO, and in the
last two years It was $629, 900, 900.
Benefits to Ohio Industries.
Among the great industries In which
Ohio producers are especially inter-
ested, are wool and the manufacture
OF iron and steel.
Under Democratic free trade, the an
nual value Of imported wool rose to
the vast sum of $50, ,O0O, 900. These i'm
portations fell in 1898 to SIG, ,7OO, 900, and
in 1899 to sS,2OOoOO. In 1897 the Inn
portations Of woolen goods amounted in
value to $40. .1OO,O 900. but in 1898 they fell
in value to s14,SOO.oOO. and in 1893 to
S1S, 800, 900.
Under the influence Of the Wilson
tariff, the sheep in Ohio decreased from
S,SS7,OOO in 1892 to 2.122. 1000 in 1897. With
the new tariff law the focks began to
increase, and now number more than
2,5Oo.OOO. The price OF Xxx Merino
washed Ohio wool, was In June, 1895,
171k cents per pound; now 1t is "a cents.
The exports Of iron and steel from
this country in 1895 and 1896 amounted
In value to about s7s,oOO,OOO, but during
the last two years they were Of the
value of s164.OO0.O0o. Under the Wilson
law the lmportations Of iron and steel
in two years were of the value of $4S,-
10000. In the last two years, they were
Of the value of only s24,OOo,OO0. Thus
the market for our iron and steel man.
ufactures has been increased at home
and abroad. What wonder is 1t that
cur furnaces are ablaze both night and
day, and that the men are over-worked?
sound Money Again the Issue.
The Republican party in national con-
vention at St. Louis in 1896, declared
itself to be unreservedly for sound mon
ey, and unalterably opposed to every
measure calculated TO debase our cur
rency or impair the credit of our coun-
try. Upon the other hand, the Demo-
cratic party at Chicago demanded the
free and unrestricted coinage of silver
and gold at the ratio Of 16 to l. From
the time this issue was Joined, until
the victory was won in November, 's6,
the adherents of the Republican party
carried on an unrelenting warfare in
behalf Of sound currency. From that
day to this. 1t has successfully resisted
all efforts to debase our currency, or
impair the credit Of the country. All
our silver and paper currency has been
maintained at parity with gold. The
faith pledged at st. Louis has been
kept.
Time Proves FalsIty OF Democratic Logic.
The lapse of time has shown the
falsity of all the reasoningpresentedb
the representatives Of the Democratic
party in 1895. They told us that the
United States did not have sufficient
currency. and that the currency would
not be large enough without free coin.
age at the favorite ratio. We have not
had free coinage, but the amount OF
currency has been Increased. July /.
1896 It amounted 70 r.sOe. isi.9ss. Juiy
J. 1899. Il wau li.sss. t,t.ssa. Tia pss