The Denison review. [volume] (Denison, Iowa) 1867-current, 1900-12-07
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BREAKING THE RECORD,

CoiulleICldl STANDPOINT the yea!
. 1900 in the United States surpasse:
. any previous year in our history
In population, in wealth, in pro
. duction, in manufacture, in export,
in domestic trade, in fact in almos,
; every field of industry and com
merce we not only lead the world,
but have broken our own unparal-
leled record.
The question arises, why?
1t is but few years since we
were in the throes of bankruptcy
and ruin. Since those dark days
of Democratic Free Trade indus
trial disaster we have most sue
cessfully prosecuted foreign war,
have freed millions of human be-
ings, and gone right on growing
richer and stronger.
And the question arises, why?
! The answer can be given in two
words:
Protection and confidence.
The United States never did and
never can prosper under free trade
or any tariff that is not thorough
ly protective tariff This assertion
has been proved too often to need
much discussion now. Only five
years ago we were a borrowing,
timid, idle people; our mills were
closed, our capital was locked up,
our expenditures exceeded our re-
ceipts, our balance of trade hardly
worth noting. To-day every con-
dition is reversed.
And the question arises, why?
Because a protective tariff Sc
cures home market; home
market means a demand far great
er than all the worlds markets
combined. This demand entices
capital, and every mill is busy and
every laborer employed. We are
producing and consuming, con
Stunning and producing. And our
fame has gone abroad, so that the
world is wanting our better made
wares, with the result that 1900
breaks the record in exports of
merchandise. and especially in ex-
ports of manufactures 1899 was a
record breaker. But 1900 will
make still another and a greater
record. Each month shows gain,
over the corresponding month of
previous years, as we'll as the pre-
ceding months for this year. The
exports for October, 1900; amount
ed to s163, o93,597, just double
what they were in 1894. During
the nine months ending September
80, 1900, the exports of iron and
steel amounted to se7,3I3, 5000, as
compared with s24,852,62S for the
same period of 1895. Exports of
agricultural implements for the
nine months of 1900 were S14, $780,
1871, against s4,762, $50 for the
same period of 1895. And so on
through the list. The Dingley law
has given wonderful impetus to
every industry. Our wool imports
have fallen off two-t thirds, with the
result that our own sheep raisers
have increased their hocks and find
a ready market at good prices for
their wool. We are producing at
home and increasing our wealth
and savings enormously. We are
to-day the wealthiest and busiest
and consequently the happiest peo-
pie on earth.
Merchants and manufacturers
have confidence in the Govern
ment. They know that our pro-
tective tariff will be in force four
more years, anyway, without even
the threat of change. New pro-
jects are launched every day. New
mills are going up all over the
land, and more and more labor is
being employed every week. This
means increasing markets for the
products of the farm as we'll as the
factory. Prices will remain on a
profitable basis at both the farm
and the mill, and our surplus will
go to swell the already enormous
balance of trade in our favor. We
are thus enabled to loan our credit
abroad to the various nations and
are no longer drained to meet the
demands of foreign creditors. The
whole world now looks to the
United States for both money and