The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-05-30
SENATOR MONEYS SOUND VIEWS.

During the commencement season many
able speeches have been delivered, but
rot one contained more wisdom than the
not one contained more wisdom than
the one by Senator Money at
Davidson College, extracts from
which were printed in yesterdays
paper. Quite as excellent, and moro
pointed and timely, was Senator Moneys
address at the Manufacturers Club at
Chatlotte 1t was gsuch a speech as must
have convinced any man of the futility
OF expecting to extend trade By a colonial
policy.
Senator Money told the Charlotte peo-
pie that the recent manipulations for
reciprocity treaties put this country in
the attitude of desiring to sell every
thing for cash, buying nothing, and not
even permitting the customer to take
goods home in his own ship" He said
that this country could not "much longer
safely persist in selling everything to
Europe and buying nothing in return"
following extracts.
In six ports of China we have all
along been admitted on equal terms with
the whole world. You cotton manufac-
turers of the South sent your goods there
and found ready sale for them because
they were the best in the world for the
uses of the Chinese. For awhile British
manufactu forged your trademarks
Az
weight of their goods up to yours, but
the heather Chinese who is a very
shrewd trider soon detected the decep-
ton. Your goods won there and will win
everywhere solely by their superiority.
1t matters not under what flag the goods
foat the foreign trader is not inter-
ested in that phase of the question
''They talk about the retention of the
Philippines being necessary for our trade
in China. Why, Manila is no more of
an omen door to China than New York
81 San Francisco. In the United States
we have IN average population of 81 to
the square mile. In the Philippines the
average is 76. and the Filipinos have
more waste land than we.
"'When We think of all the conditions
that exist in the Philippines, We may.
we'll ask the question, What is the COM
pensation for Ill this? The answer is,
Nothing In those islands the white man
will b scomc degenerate in two genera
tionS and one year is as long as an
American soldier can remain there. We
should get rid of the islands quickly
as possible During the past five years
the expense of our army and navy has
increased mora than 800 900 900 each, and
this ratio will probably increase if we
persist in the policy of the present
4 don't know that we would exhaust
he markets of the world if we were to
lose China said the speaker. The people
of the Northern coast of Africa, and
there are great many of them, use the
kind of cotton goods manufactured in the
South. Those people could use all the cot
ton goods made in this section. at pres
ent they are supplied by Portugal. You
can sell the product of a cotton mill in
the South to a manufacturer cheaper than
he can produce the same grade of goods.
when l was In Cuba few days ago
I was told that the people of that new
born republic had practically no bust
- ness with the American manufacturers
who would not make the kind of goods
desired by the Cubans. For instance, a
merchant ordered bill of shoes from
i. was found that they did not comply
with the Cuban styles. In Peru the mer-
chants want small bolts of cotton cloth,
containing about IA yards each. But the
American manufacturer says he is not
making goods to be transported across
mountains by llamas and donkeys and will
not put up his bolts in less than 44-yard
lengths. The result is that we lose the
trade, which goes largely to the Germans.
who ask of the prospective customer,
What do you want and how do you want
it fixed?' However, some of our manu-
facturers do occasionally have lucid in
tervals. among them the manufacturers
of oleomargarine. Some of these are
sending oleomargarine of a crimson color
to the West Indies because the natives
want It.
MY opinion is that we don't need pos
sessions and military occupation to enable
us to lead the world in trade. All this
open door talk is a lot of rot and
doesn't mean a thing. 1t seems to be
our policy to build wall over which we
can climb, but which other people can't.
The protective tariff system only enables
YOU to support your rival in business.
The competition of the Southern cotton
mills is not in England, but in New Eng
land The competition of the iron regions
and the coal fields of the South is with
Carnegie's steel mills and the coal helds
of Pennsylvania and West Virginia, made
so bv the protective tariff. After
a while the advantages of the South as
manufacturing section will be more
manifest than they are today. The North
ern cotton mills will come down mere,
and then the small mills Will be forced
to either consolidate or go out or orsi-
ness. The mill with capital of slO0,Ooo
cannot then compete with the million-doi-
lar mill.
sThis country is now drunk with the
iolir:nnn nf little Successes. We must