Evening journal., 1906-10-18

The face Ok the globe
~ great many are clamorlne about the
necessity and desirabnty for foreign
trade. do not docry tho belief in either.
but I do say that, no other nation in the
world can compete with us in the quality
ana wealth OF our great unequalied home
market, Ccheers). And the policy that pre-
serves that market by planting the farm
beside the factory Is the Republican policy
OF protection. tApplause)
Increase in Many Things
Here are some facts. We have more
money In circulation-an increase Of sixty
eight and three-quarters millions of dol
lars in the past five years. There is sl4-
1900 more invested IN national banks
than ever before There are Sl740OO.OO)
more savings IN the banks OF the country
and the total bank deposits of the country
have Increased during the Republican
administration to Si,250,OOOO 900.
Our national receipts exceed our ex-
penditures and we have in the treasury
of the United tSates to-day an available
cash balance OF S2l.OOO,OOO.
Contrast TO an Empty Treasury.
you know as do /. that during Cleve-
lands administration the treasury was
empty and the nation had TO issue S262,-
100000 worth of bonds at AZ per cent
we have just issued bonds TO build
the Panama Canal. There were fifteen
bidders for every bond The rate Of in
terost was 2 per cent and the bonds
brought 4 per cent. premium In the open
market, 80 great was the demand for
them. No other nation on the face Of the
globe can show such q credit as that
prolonged cheers)
Last year was the grandest year in
our history as prosperous nation.
Foreign Commerce Leads World.
"Then take our foreign commerce. In
imports and exports last year we did So
OOO, 100000 worth OF business. That was
1894 100000 better than the year before. our
balance OF trade showed that we were do
ing S5l70O0.OOO more exporting than we
were importing. During Cleveland's ad-
minstmtion we were importing sl9,OOOo.o
worth more than we were exporting.
"That is not so astounding as this fact.
that during the last ten years Of Repub-
lican administration we did ten times as
Iauch business as a nation as we have
done IN al the years Of our history from
George Washington to Theodore Roose-
Welt (cheers)
In agriculture we did si4sOoOOoO more
business than the year before.
1T has been the Republican party's poll
icy to nourish both the farmer and the
manufacturer and the figures prove the
success OF the policy
First Among the Nations.
we stand to-day the first OF an the
export nations Of the world. In 1sc5
Germany, France. Great Britain and the
United States were the four greatest ex-
port nations Great Britain was first
United States was last. In 1885 we were
third. In 1896 we were second but in 1908
we passed Great Britain and took our
place at the head Of the export nations of
the world. Ccheers) That was under a
Republican administration. (cheers)
THAT export trade has been growing
year by year. We are now sending our
products the world around. our rails and
locomotives and bridges are stretching
themselves across South America and
Russia, and China and our electrical ap-
prances are doing the motive work OF
England.
Growth in Manufactures.
Again take the growth in manufac-
lures. Not long ago we paid Great Britain
$50 per ton for steel rails and only man
ufaesured 5000 tons annually To-day We
can buy our own rails at s2s per ton and
are manufacturing 100000 tons annual
/ ly more than Great Britain.
Not long ago we used to send S2oOOo.0-C
each year to Wales Tor tinpate because
we would not put the American workman
into competition with the Welsh laborer
/ VINO got so per cent. less wages than the
American. BY the Republican policy of
protection we were able to pay out last
/ year slOoo.oOO in wages to the American
/ laborers in the tin plate industry
But 'these are only specific iliustra-
tions Some other figures are interesting
In 1890 there was s6.52oOOOOoO invested in
manufacturing enterprises in this coun.
try In 1905 there are sis,0oOOO0,OOO. one
hundred per cent. ircrease IN fifteen years
In 1890 our total output was worth 5000.
10000. To-day II is S5Ol0O10OoO In 1891
We paid IN wages N.S9ooOOOoO; last year
we paid Se66o,00o,O 900 There has been az
/ Increase of 10 per cent in the number EN-.
ployed but an increase OF 3l.2 per centun
In the amount of wages paid These facts
speak for themselves.
The Natural Resource Theory.
"But our Democratic friends say this 4.
due to our great natural resources. to the
skies. the sun, the fertility Of the soil and
The energy and ability Of the American
farmer and laborer. The Republican party
has nothing 10 do with these conditions
they say. Let me ask is it not a fact that
under the same skies in the Cleveland
administration we had anything but pros.
pcrity We must concede that present con.
ditons came in with the enactment OF
the Dingley Bill and that present condi.
tions and Republican policies co-exist
Under the Cleveland administration there
were soup houses, and hundreds Of thous.
ands were feed there;now the heavens arc
filed with the smoke Of prosperity; every
man who wants work can get il. wage.
are better and hours of work are shorter
/ our Democratic friends say the pro.
teetive traif is robbery. that It is the
: mother OF trusts, and set up a cry FOL
p free trade. The Peerless Leader leade,
of two defeats and getting ready for d
third is back from hob-nobbine with
= royalty and has taken up the Leadership