Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1900-12-20
NEW RECORDS MADE.
Wherein 1900 SURPRISES In Prosperit
All Previous Years.


best. From an Industrial and CONNER
cial standpoint the year 1900 In the
United States surpasses any previous
year IN our history. In population. In
wealth, in production, in manufacture,
in export, in domestic trade, In fact in
almost every field of industry and COM
merce we not only lead the world, but
have broken our own unparalleled rec
ords.
The question arises, why?
1t is but a few years since we were
In the throes of bankruptcy and ruin.
Since those dark days of Democratic
free trade industrial disaster we have
most successfully prosecuted foreign
war, have freed millions of human be-
ings, and gone right on growing richer
and stronger.
And the question arises, why?
Inc 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 thoroughly pro-
tective tariff. This assertion has been
proved too often to need much discus
sion now. Only five years ago we we're
borrowing, timid, idle people; our
mills were closed our capital was
locked up, our expenditures exceeded
our receipts, our balance of trade hard
~ worth noting. To-day every condi-
ton Is reversed.
And the question arises, Why?
Because protective tariff secures a
home market; home market means a
demand far greater than all the world S
markets combined. This demand en-
tees capital, and every mill is busy
and every laborer employed. We are
producing and consuming, consuming
and producing. And our fame has
gone abroad, so that the world is want
ing our better made wares, with the
result that 1900 breaks the record in
exports of merchandise, and especially
in exports of manufactures 1890 was
record breaker. But 1900 will make
still another and greater record. Each
month shows gain over the correspond
y
the preceding months for this year The
exports for October, 1900, amounted
to $163, O93. 597, just double what they
were in 1894. During the nine months
ending Sept. 80, 1900, the exports of
iron and steel amounted to $97, 313, O60,
as compared with $24, So, 628 for the
same period of 1896. Exports of agr-
cultural implements for the nine
months Of 1900 were $14,396, 7S7,
against $4,762, 800 for the same pc. iod
of 1895. And so on through the list.
The Dingley law has given a wonder
full impetus to every industry. Our
wool imports have fallen off two-thirds,
with the result that our own sheep
raisers have increased their flocks and
find ready market at good prices for
their wool. So it Is with every indus
try. We are producing at home and
increasing our wealth and says7gg
enormously. We are to-day the wealth
lest and busiest and consequently the
happiest people on earth.
Merchants and manufacturers have
confidence in the government They
know that our protective tariff will be
in force four more years, anyway,
without even the threat of change.
New projects 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 in
creasing markets for the products of
the farm as we'll as the factory Prices
will remain on 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 goods, and records
seem likely to be broken year after
year for some time to come.
While free trade England is on the
verge of mighty CONFUSION in indus
trial circles, protected America is
climbing higher and higher to the pin
nacle of wealth and strength. No Won
der. then that the people so emphat-
ically emphasized their confidence Nov.
6 In the administration of William Nc
Kinley and protection and sound
money party. The great error of 1892
was not repeated. 1t was terrible
lesson we had to learn, most costly
experience; but who will say that it
has not been for the best? Added to
the other qualities possessed by the
people of the United States, that Of
good sense can now be added. Happy
and proud we may well be who can
see the end of the nineteenth and the
dawn of the twentieth century. The
year 1901 is destined to bring to the |
America people advantages not |
dreamed of five years ago. But with |
protective tariff law in force, an
honest dollar and a stable currency,
President and Congress who command I