Omaha daily bee., 1901-02-05
DOMINATING WORLD POWER.
American Development In stntecrsft,
Commerce and Finance.


The exports of merchandise from the
United states for the calendar year 100
Including silver. reached the imposing total
Of 81 300 0co 800. IN increase OF $500 900 900
over the figures for 1899. and by far the
greatest years exports on record. Few
persons have an adequate realization Of the
enormous growth OF American foreign trade
in recent years. The exports of nerchan-
disc have grown from is24. 900 90 2 1875 to
81 90 900 IN 1900 n increase of almost
81 per cent In Eve years. Every one Of
these years has shown a substantial in
crease over the year preceding. so there
has been nothing spasmodic or OF a tenn
pUrary character iu the growth
i has been due 20 several causes the
most important of which. q course Is the
tremendous producing capacity Of the
American people. which has yielded such
q large surplus OF many commodities that
Il became necessary 20 seek enlarged mar
kets outside Of the country. u would have
tesn impossible 10 have found buyers
sbrc sd for this surplus II there had not teen
an Increasing foreign demand for the arti.
cies which America has for sale. In some
cases. especially with manufa rtured arti-
cles. Americans have found foreign markets
b. displacing the products OF the Industries
of foreign countries. hut In the case o.
most natural products the enlarged exports
we're attributable 10 the fact tha, in other
parts ot the world the capabilities TO-
production are not equal to the demands
and therefore foreign consumers have been
compelled 20 come 70 the great storehouse
Of Lature, in America, 20 supply their
warts.
In every great class OF products there was
an increased expectation last year The
gains were as follows: Agriculture. si2z 400.
600: manufacture. ssl 900 900: mines s. 900.
OCO: forest, g. 900 900: fisheries. s.. 800 600;
miscellaneous. 81 800 900.
These increases in expectation have oc-
CURED In the year Of the greatest consump.
tion on record Of all products al home. and
on that account the growth Of exports is all
the more significant Of the enormous e1-
pansion Of industry in all directions in the
United States.
Not only is the world dependent on this
country for such great quantities Of nat.
ural and manufactured products but Amer.
lea is al the present time the worlds larg.
est producer OF gold. and while this country
is putting Europe In debt for food. fabrics
and manufactures. the old world must also
have some gold from this continent. To
settle these great yearly balances Of trade
after dcducting the amounts due FOR freight
| hauled by foreign vessels and the amounts
| spent annually In Europe by American ;rsr.
I elers, the foreigners find it necessary to re.
/ turn American securities held abroad art
10 send here the bonds OF European govern.
ments. AS an indication Of the amount Of
foreign securities held in this country It
may be noted that a single New York HE
insurance company owns s25 900 900 worth o.
beads issued by nineteen different foreign
governments
/ These facts show even more clearly thar
/ the records OF diplomatic successes how
rapid is the development OF the United
/ States a the dominating world power 20
/ only in ststecraft, but in commerce anC
/ finance.