Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1900-08-16

WdSHluetOll, aug. Oil time VI
peace prepare for war is an axiom nc
less essential for the well being of u
nation than another: In time of pros
perity prepare for adversely. Times are
prosperous now. Never before in our
history has such an immense and prof.
table volume of business been handled.
II cannot be expected that all years
will be like this year. Crops will fail.
Speculation induced by prosperity may
lead to unsafe investments and conse-
quent hard times. But the wise adj
ministrators of the Nation must ami
direct and diversity the Industries of
the Nation that good degree of pros
perity may be expected under all nor
NAL conditions. AS people we grow
more than we can eat. We dig from
our mines more than we can consume
We spin, weave, forge, shape and make
more than we can use Field, forest.
furnace and factory all produce more
than enough to supply any possible do
nestle demand. This is condition,
not a theory, which can be met In bu.
one of two ways. Reduce the output
or increase the purchasers. The for
mer is contraction. The latter Is ex-
pansion. It is impossible to stand still
We must go forward or backward. The
channels of the worlds commerce are
never stagnant. The struggle OF the
twentieth century will be for the mar
kets. Business knows no sentiment.
The purchaser. whether Turk. Japan
ese, English or Yankee, will buy where
he can buy the cheapest. The Nation
that can undersell the rest of the world
will control the commerce of the world.
II is the settled policy of the Republic
can party to protect our industries. eli
courage manufacturing, and thus create
constant demand for labor. This,
however is only half of the problem.
The nation or the individual that in
creases production, without charging
the demand and increasing consump
ton, will come to grief. Goods stacked
up In warehouses represent dead CAPT.
tai paid out both In material and labor.
Mckinley, not content with opening the
factory, opened the markets to absorb
the output of loom, spindle, pick and
plow.
The result Is almost beyond belief.
The exports of the United States for
the fiscal year 1900 amounted to the
enormous sum of 1894. 479,21i. This
is divided among all classes of indus
tries, and the Increase over the fiscal
year of 1899. the best the country had
ever before known under any admin.
istration. was as follows:
FISHERIES ........... - 1,0Vv,U00
Mining ............. E. 1O,00O.000
roiestiS ........ ...... lU,VOU,VOU
Agriculture 800. 80. 10000, 900
Manufacturing .... -. 100000, 900
Now to keep up this record and pro-
vide for normal growth is the pur-
pose OF the Republican party. It has
recently perfected reciprocity treaty
with Germany. and another with Italy
In order to increase the sales of Anne, J.
can products in those lands, a policy
inaugurated by that matchless Ameri-
can statesman, James G. Blaine.
The administration secured ian open
door policy" in the Orient so that
when the Chinese troubles are over.
without the necessity OF taking a foot
OF land or keeping a single soldier in
China, our products shall have every
advantage enjoyed by those OF the most
favored nations interested In the East.
The importance of this diplomatic
triumph may be to some extent real!z-
ed when II Is remembered that one
third of the products Of all the looms
of the Southern States finds a market
In the Orient.
1t is the pronounced policy OF the
Republican party to stimulate trade
the world over. 1t advocates a ship
subsidy bill, so that vessels may float
the American flag, transport American
goods, carry American mails, and open
new markets for American products.
American banking institutions are es-
tablished In both the. East and West
Indies in order that exchange of money
may be effected without our business
having to pass through London, pay
Ing toll to British financiers.
The Republican party advocates the
laying OF Pacific cable with landing
places on American territory. Hawaii
Guam and the Philippines. The lack
OF such a cable is felt more and more
every day, and its operation would
have simplified very much the Chinese
situation, Close mail and telegraphic
communication are better than armies
to keep nations at peace with each 9TH
er
The Republican party stands pledged