New-York tribune., 1900-11-03
EXPORTS OF MANUFACTURES.
To- INCREASE THEM AND PROSPERITY A
STABLE STANDARD OF VALUE
Is NECESSARY

The firm OF Lee Hgginson Co, bankers and
dealers in industrial securities. Of Boston, Is the
oldest established firm in it's line of business in
that city the firm having been founded by John 9
Lee and George Higginson III the year 1s4s- The
firm has had large financial transactions with many
railway and other companies, and recapitulation
of the business dons by 1t would be to give large
part OF the financial history of Boston, The nrin
is now composed OF George c. Lee, Henry L. His-
ginson, Gardiner NJ Lane. James J. StorroW.
George L. eabody Henry h. White and George C.
Lee. jr.
1t Is understood that the members OF the firm do
not call themselves Republicans. although they are
ready to support that party whenever. in their
Judgment, the welfare OF the country demands It.
Their views expressed as follows:
Within the last four years the United States has
turned definite corner in the world OF finance and
has been due chiefly 10 three facts-frst good
crops; second enormous increase In exports OF non
afed goods. and third. the belief that this country
has definitely determined 10 maintain the gold
dollar the standard OF value.
Good crops We are likely 10 have under any sys-
and rule requires little credit. II our finances
are unsettled and chaotic condition the
and can still and market his crops The chief
reason for the periods Of pa5iG pan S Tnsn We tina haSs
caused intense suffering among the laooring classes
work but unable to md work has been the fact
that in dealings with the rest OF the world we
we have had good crops and have touched the
highest of prosperity. In other years haV0
had bad crops, and have sunk TO the lowest depths
of depression. This is an unfortunate condition Tor
any country IL is unfortunate for the capitalist.
but il Is even unfortunate Tor the iaDor1ng
man than for his employer. because IL inevitably
follows that in every period OF depression hundreds
OF thousands OF employees lose the means Of earning
The recent enormous increase in the export Of
manufactured products therefore. Is or the utmost
ImnOrtance TO the permanent and continuous pros
nsrIty OF the country IL a great export trade IN
manufactured articles can De bulk up this VIII
carry us over bad crop years viii prevent the
enormous army Of the unemployed whicn mas mere
tofore marked those periods factories all over thG
country will be turning out their products and mar
ketinR them all over the world
The feeleing that the Republican party Is deh-
.tsnSard OF value has made IL possible for
great manufacturing industries to obtain the credit
necessary to expand their business The fact that
among the chief manufacturing industries Of this
Inr their exports and looking all over the world
for fresh helds for their manufactured products IS
IN our opinion, only rendered possible by the fact
that A stable currency means stable credit which
OF capital for great manufacturing industries,
and upon this absolutely depends the ability &c
run the factories and seek for markets IN al
parts OF the world
tention to secure, II possible legislation which viii
completely upset our standard OF value which must
Inevitably immense contraction OF credit and
great disturbance in business, and In turn great
pendent for their daily wage the prosperity OF
manufacturing industries. The continued pros
perity OF the country has something behind IL "
significance than mere dollars and ceata II
ing among the working classes. more intelligence
more leisure, more recreation for the parents oi
American children and better education and q eea
ter start in life for every American eaild> y