The herald-advance. (Milbank, S.D.) 1890-1922, 1904-10-28
IS PROTECTION A ROBBERY

1dCu Iudt our savings DankS-nOtn AGO08I
banks nor trust companies-hold more
than $4,000 100000 ON deposit, against
$1,74S,OOO.QO in 1894, an increase OF
$~l,o52,OOO,OW in ten years, of which
seven have been protective tariff years7
Is protection a robbery, in view of the
fact that the savings banks OF New
York and New England alone, the banks
OF the working people. have more money
on deposit than had all the savings banks
of our country in 1894?
Is protection a robbery, in view of the
fact that the 1903 figures showed 1906
. savings bank depositors, an increase
of 2,24O.0UO since 1896?
Is protection a robbery, in view Of the
fact that the total deposits exclusive Of
government bonds) in our banking insti-
tutions generally in 1903 amounted to
*. 100000, an increase of $4.757,-
100000 over 1896?
Is protection a robbery, in view Of the
fact that our export of domestic man
ufactures increased from $277 100000 in
1897 Oast low-tariff fiscal year,, to $452,-
OOO.UW in 1904 CAST complete protective
tariff fiscal year., an increase of $780,
QoO.00O?
Is protection a robbery, in view Of the
fact that our home consumption Of wheat
in 1904 fiscal year. was SIT 100000 bush
els. or 10000 900 bushels in excess of
1903 fiscal year, in spite of the fact that
cur 1904 wheat crop was $4,000, 600 BUSH
els short of that of 1908?
Is protection a robbery. in view of the
fact that oar production of pig iron in
creased from 100000 tons in 1894 to
1S.00o,0G0 tons in 1903?
is protection a robbery. in view Of the
fact that our coal production increased
from 152,OO0,O 900 tons in 1894 to 10000.
900 tons in 1903?
Is protection a robbery, in view Of the
fact that our cotton mills used up 1924
600 bales of raw cotton in 1903, an in
crease Of 2,945.OO0 bales over 1860, and
1,419,00O bales over 1896?
Is protection a robbery. in view of tho
fact that in 1903 the cotton mills of
North Carolina. South Carolina and
Georgia showed the following increase
over 1897, the last Nw-tariff fiscal year,
Mills -. 1888
Spindles .3,444,323
Bales consumed ............. 765, 462
Is protection a robbery, in view of the
fact that our public debt decreased from
1881, O0O,OO in 1860 to 1896. 600. 600 in
. a decrease of $1,436,O 100000?
Is protection a robbery, in view of the
fact that our manufacturing and wage
earning interests show the following in
creases in 1903 over 1896?
Factories 4. ........... 100000
Factory workers ......... 100000
Factory pay rolls, yearly s. 5000, 600, 600
Factory output, yearly. $ 5000, 600, 600
LIS protection a robbery, in view Of the
fact that our importation of tin plate
decreased from 3S5,OOO,OOO pounds in
1896 to 100000 pounds in 1903, while
our manufacture of tin plate increased
from 359,OOO,OOO to $40, 900 900 pounds.
an increase of 10000. 900 pounds, in
only six years of protection?
Is protection a robbery. in view Of the
fact that since Abraham Lincoln's frst
election, in 1860, we show the follow
ing increases?
Increased exports, 1904 ,127, OOO.O o
Increased imports, 1904. 63S, 900, 600
National wealth ........ "a, 0O0, 100 900
Money circulation ....... 2,OS6,O OO. 600
Farms and farm property II, 500, 600, 900
Farm products, increase
1904 ;. ............ 2,7OO,OOO,O GOO
Farm animals, excess
I3Uo >. ............. S,IOZ,OOO OOO
Government revenue, ex-
cess 1904 ............. 49,, 600, 900
Increased petroleum prod
ucts, gals. ........... 600
Increased copper produc-
ton, tons ............ 263,3S s
increased corn crop, BUSH
els ...... ........... 100000 900
Increased wheat crop,
bushels 49,. .......... 4e4.0OO,ooo
Increased gold and silver
production . ........ 101, OOO, 600
Increased cotton picked.
bales i. ............ 5,S66, 900
Increase steam railway
mileage -. ........... 10000
Newspapers, etc, increase. 16,434
Patents granted. increase. 26,821
Sault Ste. Marie tonnage,
yearly increase ........ p, 600
American shipping. domes-
tic, increase, tons -. 2,391,O 900
And all the foregoing is only part Of
what might be credited to the protective
tariff. WALTER ]. BALLARD.