Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1907-02-20
juno 20

''V5 ........................ 5o56.jOS G5.N7. 81
In the eight years. 1892 TO 1899. in
clusivc-two of these years being pro-
tective tariff years aud six years coy
cring the free trade tariff period and
The recovery from the effects Of that
tariff--Amcrican money orders sent
abroad amounted TO SIP $3.50. SIS. be
ing an average OF S14. 072. O4S per year.
In the next ensuing seven years Of
the fun benefits of Dinglcy tariff pro-
lection. 1900 To 1906. inclusive. The
total of money orders sent abroad
was S249, l4S.0S2. the yearly average
being $35.572.7 S3.
These are purely postal figures. They
DO not include the amounts sent
abroad by express money ORDERS, by
registered letters. or 10y small drafts
purchased from American banks. 1t
would he safe to say that. all told, the
1906 rcmi'SGnccs by American wage
earners TO foreigners amounted TO full
~ 100000
Is not this a unique. an extraordiu-
ury showing?
Does it not reflect in striking form
the unparalleled position of American
tabor?
Does it not bear directly upon the
question whether the wage carriers
have or have not shared literally in
the great gains of American industry
In the past ten years of adequate pro
lection TO domestic labor?
Docs 1t not tend TO prove that the
increase alike in the rate of wages
paid and in the total sum Of wages
has far outrun the increase in Che cost
Of living?
Over S63.O00.o00 was sent abroad
through the post Office during the year
ending June 80. 1906. by prosperous
Americans of foreign birth or cxtrac-
ton TO their relatives in other lands
The figures of postal orders issued
in the United States for payment
abroad begin with 1892 That was
what may be termed a normal proteC-
ton year. The labor OF the Country
was we'll employed under the McKIn-
ley tariff Of 1890 At the end of June.
1893. the Wilson-Gorman bill had not
yet been enacted. Labor had not be
gun to feel the pinch of tighter times
So the amount sent abroad went VI To
1854 .S3S.
Now. note the next year. 1894. after
the force Of the panic OF 1898. a free
trade panic, became visible Thee
there was drop to S1S792 ASS The
next year. 1895. after the mills and
factories had closed their doors TO a
million work people. there was fur
Fhnr l..
low water mark Wage earncrs had
Jess TO spare TO send abroad.
In 1897 came the Dinglcy law.
Meanwhile the warehouses; and store
shelves had been filed with foreign
goods rushed to the United states al
tower tariff rates in anticipation Of The
higher tariff of 1897. wherefore the
real benefits of the Dinglcy tariff were
uot visible until these supplies were
exhausted. and 1T was not until 1900
that tho first big jump in foreign ro-
iittanccs occurred That year The
postal orders amounted to SICTt9.0Is
The sums sent 10 other countries by
wage carners in the United states fu
postal orders increased hy leans and
bounds from 1900 on in 1901. over
f2l.OOO.OGO in 1902, nearly t,S. 900
COO. in 1903. over ass 900 .Co1. u 1901
over s42.5oo0Oo. IN 1905. over 3i7..
100000 and in 1906. owes t6$.Ooo .O0O.
Whore did al This none, come
from Not from tho savings banks
for The savings deposit, OF &ITI7,
tGl2SO 10 1894 (frcc trade tariff ne.
tlDdl had wv 1908 bcru Increased To-
$3.26l2}6ff9. an increase oi aIm,al
800 per cent in the protection period
Not from tho building and l0ar asso.
ciatiou form Of savings for iocsc show
IN almost equivalent increase ip SOC
IS compared with 1894 Noi .g dfri.
tuition of what is known as INDUSTRIAL
VI wage carnors life insurance for
this line Of insurance ha. increased
enormously IN The past ten years
So the c. and odd millions of doi.Yrf
which went abroad last year ir pr aI
arde-s 20 foreign relatives must l...
resent clear savings after mreDue ,h.
decreased cost of living. after .w.I
mg the savings hank deposit ,. an
estimated total Of $1,000 100000 for
1906. and after investing norcy in
hdlding and loan associafiYs. aud In
hfc insurance.
There rs no escape from Oh. corclu-
sion that the wage carncrs %, fle
United states are accumulauro mon.
~ Of phenomenal rate in ,scse cora
. uro'ccuon prosperity