Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-11-25

more food, shelter. clothing and other
necessities and comforts With his
wages. salary OF fees than at any time
since the civil war Today tho man OF
moderate means can buy less with his
Income than IN 1895 IN his cusc.
economic progress has simply turned
backward, and he r. deeply dissatisfied.
No doubt he would wreak political
vengeance upon whatever or whoever
is responsible. but the cause seems ar
ncult 10 locate.
The London Statlst points out that
In 1908 We sent abroad. ON balance.
merchandise exports OF s2f5. 600 o0o, and
silver and gold worth si25.O0o 900 IN
nine months OF 1909 the balance exports
of merchandise and of bullion We're
500 100000 and i,5,Ooo0oo respectively
u is reckoned that this country must
send abroad nearly $500 100000 year az
interest on debts and dovries, Tor tour
ist expenses aud in immigrants remit
tances. So there was shortage last
wear of about s225. 900 600 and Of $3.50 00O,-
ooo in nine months this year by fresh
borrowing the Interest payment has
thus increased In two years by some
s2s 100000
our great exports we're M l905-S Cot
tor. Sis3. 900 600. brendstuffs, ti9S 900 200.
meat and dairy products, 500 ,0oo.-
o00 steel products $4,000 900; oils and
oii-cal,c. $4,000. ooo Of gold and silver
we sold sls0.ooO,0oo a desperate set
OF gamblers are trying their best 60
ruin the cotton trade and TO compel
Britain and Germany TO develop co.
louial cotton" says a high authority.
Wheat and meat we need At home while
our manufactures are not increasing In
foreign sales SO much as formerly. The
American consul az Birmingham, Eng
land. in report just published. notes
that American shoes have failed TO
meet expectations about capturing
much Of the British trade. and their
sale in England r. either stationary or
declining Chiefly because our manu-
facturers cannot secure good or long
tanned leather for soles. the English
makers are now turning the tables on
them.
The New York World has estimated
that TO pay interest upon the dowries
OF six American women. 20.o0O.0oo
pounds of cotton must cross the ses
this year To paw the rentals OF one
absentee landlord OF New York viii
take 5000, 600 bushels OF wheat Tour
lists and health-seckers' trips help the
country by promoting trade abroad
aud bringing back Information; but
when TO the growth Of extravaganza
and to the waste Of an artificielly
heightened cost Of living Is added the
burden Of supporting American colo
MES" IN European capitals the balance
Of trade IL affected with no correspond
ing advantage.
In the last four years Cuba, Porto
Rico. Hawaii and the Philippines cost
us 1885 OOO0 900 IN trade balances. In
the first eight months Of 1903 the ad-
verse balance was SSs,OOOOO0. Cuba is
negotiating a more favorable trade
treaty with Spain. High tariffs and the
lack of steamship lines hamper US in
| trade with Latin America Farm prod
| uce We cannot much longer export, uu-
less We do better farming and bott
France and Germany are expected Z,
meet the Payne bill with reprisals.
The Chicago Inter-Oceau thinks that
IL Is really a good thing for a country Il
have few Intelligent and authoritative
| pessimists on hand: not an undue pro-
| portion OF them, hut just enough t.
leaven the lump OF thoughtlessness
reclSlessness and bumptiousness which
| prosperity generates.
"The optimistic mutations Of CONNER
cial credit are beautiful while they
last" says that paper. but just below
the top OF the wave Is often the yawn.
ing gulf into which the crest is sure {,
sink" II adds.
The pledging Of government credli
to all sorts of expensive schemes IN,
squanderng of public funds as q
they came from some fountain tina
could never be- lowered or run dry. is
delightful diversion in which all hn,
excitement and many profit But IN,
end thereof is most unpleasant"
IL is evident that the geat problem o
paying the bills is now before the ma
ton Up 10 oct. 1 We sent abroad thi
year 25.76S, 9Ol bushels Of wheat. agans
6S.17S.a35 last year; of flour 6,2SS,2S
barrels. against 9seS.27. In breadstui
exports the five-year period Is 40 pc
cent behind the previous half decade.
The usual course OF commerce Is TO
the exports 20 pay FOR the imports-fo
goods 10 be- exchanged for goods. Whel
this natural balance between export
and imports Is thrown out Of operation
financial crises may occur from the ef
forts az Liquidation by means OF bond
securities and the money metals. Bu
since the supply OF these commodltie
cannot be increased az viii like mau
ulactures and farm products any sud
den and great demand for them iron
abroad may result la financial stringeu