The Owosso times. (Owosso, Mich.) 1897-1926, 1903-08-07

Why be pessimistic when our exports
of merchandise in the fiscal year ended
June 80, 1908, were SLAB, 991, 900,
against $3.50. $685. ian increase Of
$53,, 3s4, e52) in 1896, the last demo
cratic year,
Why be pessimistic as to the protect
ing value of our protective tariff, when
Great Britain, after 81 years of free
trade, is now getting into line for an
adoption of the system of protection to
industries on which so many millions of
people depend for their daily bread2
Why by pessimistic when our favor
able balance of trade in the fiscal year
ended June 30, 1908, was 1894, 372, 1853,
against an unfavorable balance of $1S,
735, 72s in 1893, the first year of Mr..
Clevelands' second term?
Why be pessimistic when, between
March a. 1900, and June 30, 1903, our
national banks show the following in
creases:
Number OF banks ............. 1885
Authorized capital. 49,. ..$13S, 46S, 600
Bonds on deposit. ...........1 100, 135, 700
Circulation on bonds. 155, 920, 613
Why be pessimistic when, since the
organization of our national bank sys-
tenn and the starting of 6,S62 banks, only
392 have gone into the hands of re-
ceivers?
Why be pessimistic when the people
of the United States are providing for
the future by carrying over SIC, 900, 600
900 of life insurance.
Why be pessimistic when Uncle Sam s
cash account for the fiscal year ended
June 80, 1903, shows a surplus in
receipts over expenditures of $52, no
936, in spite of the abolished war taxes
and of increased expenditures of $34-
9S5, 1872?
Why be pessimistic when Uncle Sam 8
income is about 100000 for each
working day?
Why be pessimistic when, by the in
crease of our internal trade, in the fiscal
year ended June 80, 1903, Uncle Sans
cash shrinkage from abolished war taxes
was only Cal, 784, $50 instead of the $7O,-
100000 shrinkage fully expected?
Why be pessimistic when in the fiscal
year ended June &c. 1908, compared
with 1902, Uncle Sam sold over 81, 900, :
600 worth more public lands in the
West9
Why be pessimistic because in the
fiscal year ended June &c. 1908, Uncle
Sam paid out to the pensioned defend
ers of his honor and his flag-members
of his own family-the sum of $13S, 425, =
61S, as partial reward for their patriot
ic services?
Why be pessimistic when Uncle Sam
had in his safety vaults at the close of
the fiscal year June 30, 1908, $631, $780,, =
S9S in solid gold-more gold than the
Roman Empire possessed in its palmiest
days, and more than now possessed by
the British or any government upon
earth?
Why be pessimistic when Uncle Sam
also had at the close of the fiscal year
June 30, 1908, as much as 1921, $40, OLE,
an increase of $40, 357, 651 over June 30,
1902, in his petty cash drawer to meet
his daily needs?
Why be pessimistic, "anti-imperial-
istic" or "anti-expansionistic" when in
the fiscal year ended June 80, 1908, our
commerce with Porto Rico, Hawaii, the
Philippines and Alaska aggregated
fully 800, 900, QUO, against next to moth
ing before we began to expand beyond
the seas?
Why be pessimistic because there is a
drop on Wall Street, when the intrinsic
values of the properties remain the
same and dividends are being paid?
And the protective tariff is the basis
of it all. WALTER J. BALLARD.
Schenectady, n Y, July 81,