The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1899-08-25
GRANDEST OF PROTECTION
YEARS

The fiscal year just ended, the
second year of restored Protection,
was a grand year for domestic in .,
dustries In the year ended june
80, 1899, American manufacturers
made their best export record.
Not only were their expectations
larger than in the preceding year,
but for The second time in the history
of our foreign commerce they eX-
ceeded the value of the imports of
manufactures. In the fiscal year
1903, for the first time in the history
of the manufacturing export trade,
the expectation Of manufactures ex-
ceeded the importation of manufac-
lures, the total value of exports of
manufactures being about IS per
cent. in excess of that of imports of
manufactures. In the fiscal year
1899, however, despite the increase
in imports of manufactures, the tot
al expectation of manufactures was
80 per cent. greater than the impor-
tation of manufactures, being $685.
667,794, again S259,57o,295 of i'm
ports of manufactures. Such
showing would be, as it always has
been, impossible in the absence of
an adequate and intelligent protec-
tive tariff system.
Prior to the fiscal year 1898 i'm
ports Of manufactures were always
greater than exports of nanufact-
ures. From 1883 to 1897 imports
of manufactures ranged about ST.
900, 900 day, with the single ex-
ception of 1894. During all that
time the expectation of manufactures
was steadily increasing, SO that in
1897 they amounted to S2S7, 900, 900
against $3.50, 900, 900 in 1889, hav-
ing thus more than doubled in that
period. In 1898 they were $780,
697,354 and in the year just ended,
as already indicated, 1898, 661794.
1t was not until 1898, after eleven
of the Dingley tariff law,
that through the combined reduct-
ion of imports and increase of ex-
ports the tide turned in favor of
manufacturers, and in that
year the total exports of manufact-
ures were, for the first time, greater
than the imports of manufactures,
being $500. 697354, against $780,
3o7,676. In the fiscal year 1898
the exports of manufactures exceed
ed the imports by S59,790,67S, and
in 1899 the exports of manufactures
exceed imports of manufactures by
s79, o915oI.
Imports of manufactures in 1899
we're nearly 100, 900, 900 less than
n 1890, while exports of manufact-
Tres were nearly $500, 900, 600 more
han in 1890. Is not this remark
able showing for the wise / o,icy of
protection intelligently applied?
Manufactures in 1899 formed
arger percentage of our total exports
han in any preceding year. During
he last half of the year this was es
oecially true, in some months the
Exports of manufactures being more
han 80 per cent. of the total exports,
While for the entire year they were
1913 per cent. of the total exports,
lgainst 6.87 per cent. in 1897, 23.-
"A per cent. in 1895, 2G.14 per cent.
n 1894, 1887 per cent. in 1891,
.S.99 per cent. in 1850. 1860 per
,ent. in 1888 and .48 per cent. In
$50. During the last half of the
iscal year 1899 exports Of manufac-
ures averaged fully $50, 900, 900 per
month, and during the entire year
Iveraged more than 81, 900, ooo for
ZACH business day.
The following table shows the i'm
,orts and exports of manufactures
n each year from 1890 to I8oo:
Imports of Exports of
ear. manufactures. manufactures.
500. m S356,65l,9 $40 $751;, 1O2 376
S91 ----- .......... 363, l5l,0SO I6s, 315