The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-01-10

A
Oceanica . 22595, 119 55,741, 548
Africa .. 20,703 7,415
Totals ........... .$270, 913, 230 1928 1857, 1888
Balance against -. 35R9o4. 153
We put it as a balance against
us, for anything that deducts from
our money supply is against us.
So that 1t stands as follows: We
bought from South American countries
in that five years in excess of what we
sold them merchandise to the value Of
count with them was a stand-off, mere
ly nominal sum at that's, 100000. How
did we balance the account?
We bought from North American coua-
tries in excess Of what we sold them
goods to the value of $780, 1925, while we
took from them gold and silver-mostly
silver-to the amount of $60,000,0O0 more
than we paid them. So that with them
we had an account of $3.50 100000 to settle.
How did we pay it?
We bought Of Asiatic countries in ex-
cess of what we sold them goods to the
value of s2S4, 2S3, $50, while we sold to them
only $50,O0O 600 in silver and gold in ex-
cess of what we took from them. So
that here was a balance of 1924. 900 to
pay Asia. How did we pay 1t?
OF the islands of Oceanica we bought
in excess of what we sold goods to the
GO o IA OcS IA
5S5,11s in gold and silver, and we sold
them $50, III 54S in the same metals, leav-
ing US an account to settle with them of
S76,OOO,OOO. How did we pay them?
In the same five years % per cent Of
the vessels trading between our ports
and foreign ports were American vessels,
while the other II per cent were foreign
ships. So that we were paying the
freights on II per cent of the business We
of foreign vessels. The facts seem to
be that we were during those five years
selling as farmers to one market. buying
as farmers in another market and paying
the freights on three sides of triangle,
for it must be that we could only have
balanced those tremendous sums against
America by paying France, Germany
and England for their manufactured
goods sold to those countries with whom
we were short" In other words, France,
Germany and England sold manufactured
goods to Brazil, the West Indies and
Asia and Australasia and shipped them
sugar, coffee, tobacco. hemp and tropi-
cal fruits fer New York or New Orleans,
and we paid the freights At New York
or New Orleans or Baltimore they car
coed our wheat and flour and meats, and
we paid the freights to their home ports,
and our wheat and flour and meats paid
Brazil or Asiatic ports or the West In
dies. That is we paid the triangular bill
in gold.
Yet there are statesmen In both parties
WIN >lOudy OUJcCI W TIE sup Subsidy DillS
| before congress, when the treasury re-
| ports right under their noses show be-
yond question that upwards of $4,000, OOO
| registered vessel tonnage is engaged in
our foreign trade, carrying the bulkiest
of farm products, and that only from %
| to % per cent of that tonnage Is Ameri-
can. Not even the reciprocity commits
| sioner has discovered that it would be of
some advantage to effect treaties with
| the less advanced nations so that goods
| carried in the vessels and under the flag
| of either contracting party should enter
either country under special tariff rates.
If we must have tariff, let us have it
| so handled that we shall reach the from
tier or pioneer markets of the world
i where prices are highest, and not be seek.
/ ing the highly competitive markets of
Europe, where prices are lowest Africa,
| South America and Asia are the frontiers
of America, and our balances with them
| should be all in our favor
Emperor William is getting to be as
particular as a grand opera prima donna
bA 1,o1,