The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1908-02-06


The phrase capture the markets
ofthe world" sounds magnificent
and Il admirably adapted to the
capacity Of the embryo Hills and
HAfrimans who PLACE their little IS
bs1s on Wall street and are then
ppqpaIed to give authentic opinions
. 10 whether or not President
Roosevelt ID a menace to business.
eifted to the core it would appear
that the foreign trade is to be en-
p9nded enormously and the mar
kS4gof the world are to be captured
hNthesimple process 81 lowering our
own customs duties and, with all
this delightful prospect in view, the
little fact 10 overlooked that by the
lowering Of our own customA duties
ths people Of tho United States will
b forced into that position in which
It will be necessary for them to buy
moro Of the product Of cheap foreign
labor thereby lessening the demand
for our own and curtailing the de-
mand Tor labor with } logical future
reduction Of wages all round.
The whole thing is bunkum.
Men like Bryan and johnson are
not satisfied with the expansion Of
our trade. They say they want more
foreign goods to come in as the only
possible way in which this can be
accomplished is to lower the duties
q point that will overcome the
difference IN wages Of labor in this
country and in Europe.
Lower tariff rates increase inn
ports and reduce the balance Of trade
against the United States.
We have seen how this works un-
daE, the operation Of the Cuban rec
ipeocity treaty. The balance Of trade
against US and in favor Of Cuba ID
o66, 900, 600 and steadily increasing.
II the democrats who are dissat-
isAed with our foreign trade and
deaire to inform themselves will
study the figures showing the ex-
tent Of our foreign trade under the
operation Of the low democratic
tariff period when Grover Cleveland
Was president with those publiShed
recently showing the trade Of last
year under the operation Of the
Dinghy tariff laws they will have
something to ponder over and if
they do not reach the conclusion
that It 10 sometimes = good thing |
TO let well enough alone, it is be-
cause they are 20 prejudiced that
nothing but q repetition Of exper-
fence with the disastrous policies Of
democracy will satisfy them.
In 1896. the last year Of Clev-
slsnd's administration. the exports
from the United States amounted
in value TO eS82, COS, 928, and the
imports were @779, 724,874, having
dropped nom 1892, the last year Of
President Harrison's republican
protective tariff administration
when the value Of exports was
Il ,O9O. 278.14S and the value Of
imports was 1927, 400 1852. In
ether words the democratic low
tariff which caused the panic not
only cut down our foreign trade
but psralyzed every industry but
that Of sheriff in the land and filed
The streets with idle and hungry
millions.
Under the operation Of the
MCKinley tariff Immediately follow
ipei biz induction to office March
q it j found by official Stats
W. our export trade jumped in
leo8 10 81, 231, 1882, $3.50, and the
|nports declined to 1915, O49, 654,
moving that under tariff laws
shich eve employment TO Ameri-
~ labor We consumed less foreign
pod.
And thu trade Of the United
49, In 1907, despite the fact that
y. I'm. have bean let down with /,