Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1902-10-30
NEW YORK CONGRESSMAN
ON IMPORTANT QUESTIONS

:. VI oNCl SaDUIlS
Kept rolling up until in 1870 it amount
ed to over $200,000,000. The obliga-
llon was met in various ways. The
foreign countries held oura United
- es, state and municipal bonds, our
Dad bonds and stocks. The con-
nnual drain added to the deficit in the
country Added to that we were pay
Ing freight to the foreign owners of
the vessels which carried our exports
TO the European countries.
Now.
But since 1870, under the republi--
can objective tariff, the balance OF
trade has changed to our favor. More
than S5,O00,000,0OO now represents
the excess of the exports over the i'm
ports. This has changed the face of
things and has allowed us to pay off
and foreign debts and to buy back our
ponds. We are now the creditor ma
tlon instead OF the debtor nation OF the
world. Foreign nations now, whenever
they want money with which to carry
through some deal of international i'm
portance and do not possess the mon
sy, come to New York, or to Chicago.
IN this country, and borrow it.
Progress in All Lines.
Our agriculture has kept pace with
the development in other directions
since 1870. In 1870 the value of the
products in this particular amounted
to $2,450, 100000, and last wear TO
"a, 49, 200 ,O00-more than any other
nation on the globe. We raise four
times as much cotton as all the other
nations combined We raise more
corn than all the other nations. We
are marching forward and Iowa is in
the front OF the procession and has
been for the past thirty years. The
mines have Increased their output and
some minerals are produced in guam
Titles 800 per cent larger than in 1870
We produce the bulk of many metals.
and during the past few days we have
again been able to say that we pro.
duce more coal than all the other ma
tons of the world
The manufacturing has kept pace
with the other branches of industry
since 1870. Then we employed 2.OOO,-
600 workers in the factories of the
country; now there are five and one
half millions. Then the wages amount
ed $I75,OOO,OOO annually; now it is
s2,45O,OO0,000. Then the capital was
two billions; now it is ten. Then the
value of the output was four and one
half billions: now it is thirteen. Then
Great Britain, France and Germany
led us in the amount of exports; now
we lead all the countries of the globe.
In Spite of All.
And still we have had four years
OF Grover Cleveland and democratic
congress. No man is here but remem-
bers 1S93-1S97. During those four
years millions of men. ready, willing,
to work for almost anything,
were out of employment. Then was
the time of Coxey's armies, soup
houses, etc, and Samuel Gompers, ma
tional president of the Federation of
Labor, says that in those four years
over three millions of American peo-
pie who wanted work could not find
it, Suppose we take this at the aver
age rate of wages at that time, 81. and
this will show loss of 100000 per
day to the laboring people of the Unit
ed States, and when this amount is
for every day in four years
you can see what an awful, enormous
loss was sustained by the laboring
public of the United States during the
four years of democratic tariff for
revenue only. Notice the difference
Last spring President Gompers again
made an address, not political one,
either, in which he is quoted as saying
that now there is not single work
man in the United States, who if
ready, willing, anxious to work for a
fair wage, but can find employment
Wilson Dreamer.
LOOK at the difference in the reve--
nue. under the democratic and under
the republican tariff rules. Their idea
is to have tariff for revenue only.
They tried this in 1894 in the Wilson
a personal friend of mine. He is schol-
arly, a great student, but alas he is not
a practical man. He is a dreamer and
he dreamt of the beauties of free
trade. used to say to him, Wilson,
if you stood with your back to an
American factory. whose rattle and
roar could be heard half mile away.
you wouldn't hear the busy noises nor
see the industry but you would be look
ing clear across the water and seeing
the poorly paid foreign laborers max
ing goods cheaper than they can be
made in America
Effect of Wilson Bill.
$50 Wilson made his bill and the re-
suit was that men were turned out of
work and other men had their time
shortened and were laid off. They had
no more than enough to obtain the
bare necessities Of life. They couldn't
purchase what they needed to support
life. The price OF produce was reduc-
ed and the farmers We're poor. Even
Byran recognized this in 1896 when he
preached that the fifty-cent dollar was
the only salvation of the country. The
people couldn't buy anything and there
was no revenue because there was no
Present Prosperity.
''And SO it was that in times of
peace the country was forced to sell
bonds for $262,0O0,000 to meet the de-
hciency in the revenues of the govern
ment. And then We came into power
and passed the Dingley bill for protec-
ton as we'll as revenue. You see how
l. Il