The Owosso times. (Owosso, Mich.) 1897-1926, 1900-08-10
Washington Letter.


Washington, August Special Cor
respondence time of peace pre-
pare for war is an axiom no less essen
tial for the we'll being of nation than
another: In time of prosperity pre-
pare for adversely.
Times are prosperous now. Never be-
fore in our history has such an immense
and profitable volume of business been
handled. 1t cannot be expected that
all years will be like this year. Crops
will fail. Speculation induced by pros
perity may lead to unsafe investments
and consequent hard times. But the
wise administrators of the nation must
and will provide as far as possible to
so 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 domestic de-
mand. This is condition, not a
theory, which can be met in but one
or two ways. Reduce the output or
increase the purchasers. The former
is contraction. The latter is expansion.
1t 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 markets. Business knows
no sentiment The purchaser, whether
Turk, Japanese. English or Yankee,
will buy where he can buy the cheap
est. The nation that can undersell the
rest of the world will control the COM
merce of the world. 1t is the settled
policy of the republican party to pro-
tect our industries, encourage manu-
featuring, and thus create a 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 for material and la
Dor. Mckinley not content with open
ing the factory, opened the markets to
absorb the output of loom, spindle,
pick and pillow
The result is almost beyond belief.
The exports of the United States for
the fiscal year 1900 amounted to the
enormous sum of 81, 1914, 479,214. 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 admins.
tration, was as follows:
rlsnerleS. ..........S LOU, OOO
Mining. ........ 100000
Forestry. .......... 10000, 900
Agriculture. ...... 50,000,00
Manufacturing. -. 100, 000,0 900
Now to keep up this record and pro-
vide for a normal growth is the pur-
pose of the republican party. 1t has
recently perfected reciprocity treaty
with Germany, and another with Italy
n order to increase the sales of Ameri-
can products in those lands, policy
by that matchless Ameri-
ian 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 foot
Of land or keeping 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 tri-
lmph may be to some extent realized
when 1t is remembered that one third
IF the products of all looms of the
southern States fiud a market in the
Orient.
1t is the pronounced policy of the
republican party to stimulate trade the
world over. 1t advocates a ship SUBJ
,idy 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 estab-
ished in both the East and West Indies
n order that exchange of money may
20 effected without our business hav-
ng to pass through London, paying a
oil to British financiers.
The republican party advocates the
aging of Pacific cable with landing
places on American territory, Hawaii,
Guam and the Philippines. The lack
If such cable is felt more and more
very day, and its operation would
lave simplified very much the Chinese
situation. Close mail and telegraphic
OBSERVATION-DISCLOSURES
CnD0E6ss n