Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1907-07-25

colonel, returning from a trip to. Eu
rope, reports that Roosevelt has hal
ted American business expansion. a,
adds that There is NO longer any fea
or even talk OF the once dreaded Amer
ican invasion. Impairment of Amer
can credit has thrortied American
enterprise so effectually as to give oal
competitors probably . score of year.
in which to recover ground that
seemed to have been forever lOst.''
The staggering blow Administered u
American railroad properties is be-
held with com mpla ceHcy amounting
almost to glee. 4s
\ Now ii happens that the official re-
ports of the department of commerce
and labor and of the treasury afford
better means of measuring the effect oi
the Roosevelt policies upon American
enterprise abroad than can be found by
q hurried trip through Europe. Those
reports show steady increase of Amer
ican exports in every successive year
of Rooseveit's administration. Seventy
per cent of those exports went to En-
rope. The total for the fiscal year end
ing June 80, 1907, is very nearly double
that for 1897. For the month of May
last they exceeded by S4 l6l, ,225 the ex-
ports for May, 1906, and by s44, S22, 6S7
she total for May, 1904. Even ia the
exports of meat and dairy products
where the obduracy OF some Of the
packers forced upon President Roose-
velt The necessity of making such ex
Dosures OF unwholesome methods as re-
suited in -lessened exports Tor a few
months the total for The eleven months
ending May 81 last was only s8,4l9 ATS
less than for the corresponding period
in 1906: and that this trade is rapidly
recovering under the influence of the
new government inspection laws origi-
mating with President Roosevelt is
shown by the fact that the exports for
May, 1907, exceeded those for May,
1906, by about $5l 900.
The truth probably is that the out
cry against the American INVASION
was in the nature OF a TEN porary panic,
fostered to some extent for political
purposes, as it was in Austria, for in
stance, and in Germany. This appre-
=.
hensiyeness has largely disappeared as
the result of experiences. which has
proved that the prosperity of European
Industries is not materially affected by
the importation of American goods
The fact, too, that side by side with
he expansion of Anne ican exports to
Europe has gone, an expansion of Amer
can imports from Europe has also
had quieting tendency. IL. Isl
As for ths railways, those alleged
staggering blows were struck, not by
President Roosevelt but by tine legisla-
lures Of various states. 1t is not the
to the interstate commerce
act or federal oversight of which the.
railroads complain, but of the indis-
eliminating passenger rate, freight
'ate and other hostile legislation by
The states. Moreover, thus far, even
'hese blows have not prevented the
always from reporting larger gross
earnings than ever before, or from pay
ng larger wages to- their employees,
,r from ,ex expendiDg unprecedented sums
"a improvements OF all sorts. Ifthis is
The effect of the president's staggering
blows railway investors aud railway
will pray the president to
hit 'em again. ha isa SUI
Possessed with seven lively and -four
shing devils OF Rooseveltophobia, each
worse than his brother devil, Col Har-a
vey must be exempt from all moral re-i
sponsibility for so glaring a disregard
3f the facts. The colonel's psychic irri.
'atiOn is obviously too acute. ST.
Paul Pioneer Press. Asi ssi,
i M q 3