Albuquerque evening citizen. [volume] (Albuquerque, N.M.) 1905-1907, 1906-08-16
GREAT SPEECH IS DELIVERED BY SPEAKER CANNON


more than 10 per cent, and the total
wages paid, 1874 per cent: in the
middle Atlantic states the increases
were: wage earners is per cent, total
wages, 25.S per cent; suothern states.
wage earners % per cent, total wages.
49.4 per cent; central states. wage
earners. 1871 per cent. wages, SO per
cent; western states. wage earners,
29 per cent. wages, SO per cent.
More than this, the wonderful de.
velopment of manufacturing Industry
In the south and west has already
moved the Industrial center of the
country nearer to its geographical
center, and Il is safe to say that to-
day fully one-h half of the capital. wage
earners' wages paid, and output from
our manufactures is In the central,
southern and western states. The
industrial census of 1905 shows this
and demonstrates that under the eco
nomc policy of the republican party,
with its steady and prosperous devel-
opment. our manufacturing has stead
lily advanced into the great agricul-
tural sections, placing the factory be-
side the farm. to make the exchange
between the two great bodies of pro-
ducers the more direct and equitable
and make them more dependent upon
each other.
Farmers Have Participated.
Not alone in manufacturing has
there been this doubling up process
in prosperity under republican admin
istration. The farmers have doubled
their crops and the money they have
received in exchange. The farm
value of those three A4great staple
crops of the west, corn, wheat and
oats, in 1896, amounted to s9S4,000,-
GOO, and last year It agEregateed ST.
912,000,000. or more than double the
value in the last year of democratic
administration The value of farm
animals also doubled in the same
period, increasing from SLIPS, ,0Ou, ,UU0
in 1896, to $3,675,0O0, 900 in 1906.
This prosperity of the farmer was
not confined to the corn and wheat
belt of the country. Like the rain
which falls on the just and unjust
alike. it descended upon our friends
in the south, who still refuse to be-
lieve that prosperity can exist under
republican policies. The value of the
cotton crop went from $3l9,000,00 in
/ 1896, to more than $500 100000 in
1904, the last year for which we have
statistics. The miners doubled their
output of coal and iron, and in every
line of industrial development the last
ten years have been in harmony with
Foreign Trade Growth.
blades of grass grow where one grew
before.
Our foreign trade has been along
the same double track lines, our I'M
ports increasing from ffo9 900, 600 in
1896 TO $1,227 900 900 in 1906, and our
exports from $SS3000,0 900 in 1896 to
sl,744,000, 900 in 1906. The total vol
ume of our foreign trade in 1896
amounted to 81 ,662 100000 and in
1906 TO $2,970, 900. Add to that our
trade with Porto Rico, Hawaii and the
Philippines, which amounted to $75,-
100000, and We have in the last year
a grand total of S3O45 600 900 as the
amount of business done between the
people of the United States and the
rest of the world This Is greater than
the foreign commerce OF any other
nation, Great Britain alone excepted,
and that because that nation imports
her food products, her imports being
almost double her exports, while our
exports exceed our imports by half
a billion dollars.
Result Of Protection.
Under the policy OF protection the
United States produces one third of
the manufactured and agricultural
products of the civilized world. Our
/ labor receives double the compensa.
ton that labor receives in Great Brit
ain, and three times the compensation
paid to labor on the continent of
Europe. Ninety-three per cent of this
product is consumed by our own peo-
pie, and the comparatively small sur
/ plus that goes abroad makes us the
greatest exporting nation on the
earth.
In the rapid development of the
country, we not only live better than
any other people, but from the savings
of production we have become the
wealthiest nation on earth.
While the unprecedented prosperity
has come in less than a decade of re-
publican administration, and the
Dingley tariff law has demonstrated
that it Is revenue producer both for
the people and the government, we
occasionally hear the old wall that
the tariff is the mother of truts and
the shelter of monopoly. The tariff
revisionists are, however, answering
their own complaints / find in the
New York Times, one of the ablesr
and most uncomprOmising organs of
tariff revision, an editorial, showing
that the giant steel trust is no longer
looked upon by the free traders as a
monopoly and that Il has steadily de-
clined in its proportion of the steel
production since its organization. The
Times says:
"steeeI Trade"
The widest interest in the Steel
corporation report attaches to what
is least discussed-that is, the con-
ditions in the trade reelected by the
first hand facts now available. 1t is
true thas the Steel corporation is not
the steel trade. Big as it is, it Is
neither the majority interest, nor
even the controlling interest. In fact,
its proportion 10 the trade is relatively
declining, while COncurrently ii is
breaking its own records of produc-
tiOn and earnings. Its production Of
pig has fluCtuated since its organiza-
tion within a narrow range and with
out decided trend, standing now at A
per cent of the country's total It's
production of open hearth and Bess-
emer castings has fallen by about 8
per cent 10 AZ per cent. It's domin-
ance is greatest in the wire nail pro-
duct, which, although declining, re-
mains az per cent In short, the
trust is not by any means monopoly