The Honolulu republican. [volume] (Honolulu, T.H.) 1900-1902, 1900-07-25
RESULTS Or tPUBLI-
GIN ADMINISTRATION.
Commercial andFinan-
cial Conditions Have
Improved.
ADVANCE IN WAGES SINCE 1856.
BEST PRICES FOR FARM PRO-
DUCTS KNOWN IN
YEARS.
Exports of American Articles for
Month of May Were Three
and one-Half Millions
q Day.

WASHINGTON, July 6.-The Re
publican party has good cause to ash
the voters of the country to continue
it in control OF the Government and &c
re-eIect President Mckinley. The re-
suits which have followed the appliea-
ton of Republican principles to the
administration OF the United States
have not been accidental Aside from
the conditions arising from the war
with Spain, no one will dispute that the
nations affairs are far better than they
we're under the Democratic administra-
ton which preceded the election of Nc
Kinley. All financial and commercial
conditions have improved. The riots
incident 10 the strikes during the
Cleveland administration were the acts,
not of the strikers, but of starving and
unemployed mea.
Within two years after President
Mckinley was inaugurate6, all OF the
idle of 1896 were at work, so much so
that in the strikes of 1900 il is not pos
sible for employers OF labor to I'LL the
places of men going out on strikes.
Never before have strikers had so
many victories over employers, and
never before have employers been so
able TO meet the demands of strikers.
In every line of employmnt OF labor
tire has been an advance in the cost
there has been an advance in wages
more than equal TO the advance in the
cost of living products. 1t is seen that
production has run beyond the Limits
OF demand in many lines, and this viii
adjust itself by lower prices in 1901
than in 1900. The adjustment has been
going on for three months, and now
prices in all lines of iron materials are
lower than in 1889. One year ago the
trusts and large manufacturers adj
yanceo ,nrices, and when they got them
beyond REASONABLE limits the con-
ceased and values mao 10 faIl.
Manufacturers have thus learned that
they cannot maintain unreasonable
prices by stopping production. They
have also learned that they can run
their plants to full capacity if the
prices of their commodities are reason
able.
The tariff for protection excludes the
products of cheaper labor in other
The gold basis of our none
tary system enables the purchaser to |
buy the raw materials at the lowest |
prices in any market in the world. The |
American mechanic is to-day without |
a superior on earth. He does cnethird |
more work in day of eight hours than |
the men of his trade in any part of Eu-
rope, and he does it better He is, there /
fore. entitled to one-third higher wages |
than are paid in European countries
which would like to compete with us |
for our home market. An increase of |
wages to American employees does not |
mean an increase beyond reasonable !
limits in prices charged the consumer. |
The rule is coming 20 be understood |
that wages and prices must be reason |
able il the products are to be sold, and |
his rule is being gradually applied and |
adjusted between employers and en-
ployes. In no period of our history mas
It's march been so rapid or so marked |
IS under the administration of McKin-
ey. Why?
No man who ever filed the Presi- /
iential office has had so broad an ex-
Derience in the economic questions of |
abor and its products as had Mr. Nc |
rlinley. For thirty-fye years he has
and studied these questions, |
ind, as President, ne has shaped, as far |
Is he could, all results TO the ends of |
Justice between employe, employer and |
consumer of manufactured products.
Years ago he saw that we were grad
tally changing from an agricultural to
/ manufacturing people. He saw that
We must adjust our legislation to meet
he coming change, and that such |
,hanges must be gradual, so that there
would be no violent shock TO any in
crest.
President Mckinley has announced q
commercial agreement entered into be-
ween the United States and Portugal.
This enables us to export TO Portugal, |
he Azores and Madeira Islands al rates
u duty as low as those accorded TO any /
1ther country. except Spain and Bra
Ill. the following American products:
Flour of cereals, except wheat: corn,
wheat, lard. grease, mineral oils and /
-HCig piONuSt>r ICapsAS. Lu0NtuS anu i
hreshing machines: machines for COM
pressing hay and straw; steam plows
ind parts of such machinery; instru-
nents, implements and tools for the
lrts. for factories. agriculture and gar
iening.
Exports of American products and
in May amounted TO
us. sos 600. an increase OF SO 1000, 600
,ver the exports in May OF last year
Fhe first eleven months of this fiscal
Tear our total exports amounted 10
u ,eS6. a14.5S increase of sl55. 5S5. 459
,ver the exports in the corresponding
ieven months of 1899
Our movements OF gold TO and from
oreign countries has been practically
he same during the eleven months OF
his fiscal year ending with May. both
he imports and exports of gold each
exceeded sse, 0p0. 600.
The Indications are that our total
oreign trade for the fiscal year. end
ng with this month. viii exceed two
md one-Quarter billions Of dollars. For
ne eleven months ending with May il
amounted to s2.0s5 .o0e. eco Adding the
,yeraye for the month OF June. then
his fiscal years import and export