The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1910-03-27

ton, but tariff war at this time with
the United States will go a long way
toward making Canada Independent of
our markets.
The result of our refusal to be lib
eral to Canada in the Dingley law was
that there were established in Canada
during the succeeding ten years not
less than $50 important industries.
One7haf of the iron and steel industry
and one-ffth of the lumber and wood
working establishments of the entire
dominion were thus established In
Hamilton alone there were thirty-six
manufactured firms established, a part
or all of the capital of which came
from the United States. The Illinois
Manufacturers Association, in a re.
port, stated that 122 of the leading
manufacturing concerns of the United
States had established branch plants
and mills in Canad during that period
These facts are significant They
mean, on the one hand, that large
American manufacturing concerns have
found It cheaper to establish branch
plants in Canada than to manufacture
in the United States and paw the
tariff duties to get their goods into
Canada. Every time American con.
Germs build branch plant across the
line, they reduce the productivity of
American manufactures in proportion
to their product in Canada. and they
deprive the laborer of the United
States of just that much work, while
at the same time reducing the exports
of the country by like amount And
if the Dingley rates alone were suf-
H0Ir ~
manufacturing nation, will not an ad-
ditional 20 per cent ad valorem duty
come near making Canada wholly in
dependent of American manufac-
turers?
Tariff wars constitute one of the bad
features of protection. Every nation
which has ever figured in tariff war
has reported that it was beneficial to
neither producer nor consumer, and
that export trade lost during the war
was never afterward regained.
How Business is Done.
What would you think, Mr.. Business
Man, of a commercialNirm that made
a daily practice of spending all the
way from S150.000 to 81 zoo. 900 more
than it took in?
If you were stakeholder of a con-
Germ the books of which each night
showed a balance on the wrong side
of the ledger, would yea not desire to
sell your stock?
And if the practice of reserving
profits should be- kept up day after
day, week after week, month after
month, and year after year. you would
be most likely to demand a reorganiza.
ton of the business methods of the
concern, would you not?
On the day this article is penned,
Uncle Sans excess of all disburse-
ments over all receipts amounted to
s196,574.30. So far this fiscal year,
(Which began July /, 1909 the men
in charge of the government have
over-spent the receipts by s45,291.-
614.S7 Since the beginning of the
fiscal year 1908 the expenditures of the
government have exceeded the re-
cipts by s190,977.6 1924.
Where inquiries the layman, do
these amounts represented by the ex-
cess of disbursements over receipts.
come from? How does it come Uncle
Sam doesn't become financially en-
barrassed?
The government has but one source
OF revenue, and that is the people
The shortage represented by the diff
IEenCS III ulSUuIStiHeLllS ana receipts
is taken from what is known as the
general fund. At the beginning of the
fiscal year 1908 the amount in the gen
eral fund was 1922 ,061, 445.47. Today
the general fund has dwindled to $751;
OS3.S13.23.
Anticipating that the general fund
will need replenishing from time to
time. particularly if the Republican
N, chime is tn ha kent intact IN,