The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1904-09-02
AG ton THEORY

FAUlS4A11II'U1N 1 aa.Ll4s w
n ERiE=:iFuTATloN 9 s Mr.. sRY-
@sss ANS PRoPHEclEsy
sIExtracts from remarks of Hon.. w.
Babbcock, Of Wisconsin. in daily Com
gressional Record, Jrne Z, 1901
Ar#the Il Of the third year ofsPres-5
identsGleYeland's last term the money
circulation was, in round numbers,
s$ag billionaand a half of dollars. At the
ana President McKinley,s third
ri II was billion. InSthe third
$gear$ofCIeveIand h circulation of
nan was s2I.53 = capita Of the
population: IN the third year OF Nc
kfalev II is s2G.l2aper capita. This
does 8 look like making money
scarce. At.theSend5o President Cleve-
lands third year gold circulation
Was%# a90,00O,Odp but at the end of
Observation-Disclosures third year it
eiSWas.Ss77S6,eOo,O0O, an increase ot near
Iy@three#hundred millions
s 4 ird Of the increase Of circu-
lafion hassbeen in gold, the metal hat
MSA1T-@EBryan said would make money
-scarceSand throw the country INTO pov-
ertysand decay. To complete ther efu-
tation q Mr.. Bryan's prophecies.
there was nearly seventy-five millions
mo- Of silver in circulation at the end
sofE President Mckinley's third year
III at the end of President CIeve-
lands third year Of his second term.
s@4Let us now turn to Mr.. Bryan's pre-
of the stagnation of industry
5if his sixteen to ne" policy was not
accepted by h people. The figures
f our domestic Industry as a whole
a~&aTe#not accessible. They are not nee
essary,a as every intelligent man knows
whether$or not labor is plenty, wages
and agricultural prices away
abovea2the quotations OF three years
as$
xsSFor our foreign trade we have the
figures. During the first three years
Cleveland,s second administration
IMPORTS amounted to s2,S9S,Ooo,-
dOs&during the first three years of
McKinIey's administration our imports
to $~2,296;O00.Ooo, or under
ithe%pingley tariff act, during prosper
austin1es and great activity, our i'm
ports#were $500, 100000 less than dur
the same period of the Cleveland
administration, when the country was
filled with distress and want.
Sglancefo a moment at our ex-
ports. During the first three years of
n t~he#zsecond Cleveland administration
ourgexportssamounted to S3.57S.0 900, 900
and during%the first three years OF the
Mckinley administration our xports
amounted TO s3,S28,ooo,ooo, a differ
eircssof S25o,0oosooO in our favor in
and a difference OF sG02 .0ooc-
100 incur favor in imports, which.
added fogether, make a grand total OF
< ss52yyoe0,Qoo in our favor during the
three Of Republican rule.
During the first three years OF the
secsnd Cleveland administration our
zee g fexports over imports was
s79saa0s00O; during the first three
years Of the Mckinley administration
Huurexcess Of exports over imports
MASS 531 ,oo0,000; showing the same
8resnlts. Or a ne gain of $4,000, 900.
This condition is the result OF a wise
tariH&iaW and the pronounced position
of the Republican party on the money
question, which has given confidence
ali# Of our great manufacturing en-
terprises. !
sBf1f \ have not yet told the brightest |
p~art&ofsthe story. ThatEpart consists
Instha@sfsures concerning our export
Of raanitfactures. Manyufacturinc i'm
plies skilled labor, skilled labor means
high wages, and high wages mean a
good demand for all the products Of
agriculture. In the three years OF
President Cleveland to which | have
SO often referred, our port OF man
ufactures amounted to S5GS.oOo,000,
but iii the three years of President
mckinley they amounted to s99S, 00o,-
900. an average gain of Sl43.000. coo
per ear.
gratifying fact in the increase OF
u importations is. that nearly one
s%flalf now consists of materials for use
Ei n our domestic manufactures. These
n crude materials do not compete with
our own product; but. on the contrary,
give increased employment to labor
II engaged in producing for the home