The Denison review. [volume] (Denison, Iowa) 1867-current, 1912-10-30

bill was in sight above the horizon on
the morning after the November cleo
ton of 1892 and capital and industry
began their start for the cellar, just
las, l fear, they will take to shelter
|again should the Baltimore platform
|of "A tariff for revenue only be ap-
proved by the American people on No.
vember 5th.
Mr.. Cleveland was undoubtedly
sincere in his belief that The alarm
ing and extraordinary business situa-
tion,' as he called it in his special
message of August s, 1898, was due to
the Sherman silver purchase act, but
the fact remains that, after the act
had been repealed, Nov. /, 1898, the
business situation became more and
more alarming and American energy
and enterprise We're PROSTATE through
out Mr.. Cleveland's term, being vivi-
fed again with the election of Mckin
ley and the consequent assurance that
the tariff reform experiment would
soon give way to protection.
Wages and Farm Values.
''The effect of the tariff reform of
194-7, which, as l have indicated was
actually felt from 1892 to 1897, is ap-
parent in the statistics of wages paid
in manufacturing industries in the de-
cade OF 1S90-190O, as compared with
the preceding and subsequent periods.
In 1890 wages paid had increased
nearly one thousand millions over 1890
from $947.975,795 to 1881, 22S, 321-
whereas in 1900, when the country
was recovering from the blight of four
crease of $2,O0S, 361 O00-that is, about
Sill, 100000 over 1890 In the subse-
quent decade of protection wages in
manufacturing industries increased to
$2,427 ,03SO00. The experience of the
farmers is equally impressive. Their
losses on the value of farm animals
alone during the Cleveland tariff re-
form amounted to about $SO0,OO0,O0O.
"In this connection it may be noted
that our democratic friends prefer to
discover cause for amusement in the
alleged claim of republicans of credit
for this years abundant crops. The
credits that republicans claim with
the experience of fifty years to sus-
tain them, is that the republican pol
icy of protection for American indus
try maintained the best market in the
world-the home market of the farm
er to sell his crops in, while foreign
markets have been invaded and gained
for both farmer and manufacturer to
a degree never even distantly ap-
preached under democratic admins
trations.
Foreign Trade Grows Rapidly.
'The growth of our foreign trade
during three fiscal years of my ad-
ministration has been set forth by
Secretary Knox in statement which
ought to be read by every American
who intends to cast his ballot in the
coming election. Mr.. Knox points out
that during the three years there has
been a gain of $541 ,311 ,O95 in our for
eign trade, the total value of exports
for the fiscal year ending June 80,
1912, being $2,2O4,322, 1893; the trade
balance for 1912 in favor of the Unit
ed States being 1851, O57 AIS. Under
the minimum tariff clause of the Payne
tariff law, practically the entire world
has received most favored nation
treatment. American exports to Ger
many alone have increased from $249,-
100000 in 1910 to 1906 100000 in 1912.
an increase of $57,OOO,00. During the
same period our trade with practically
all Europe has increased in exports
$2O5. 100000 and our exports to Canada
have grown from $215, 99O,O21 in 1910
to $329,257 1902 in 1912. AS Secretary
Knox says, this foreign market is a
vital consideration of our industrial
life, and wherever we may look We
find American products forging their
way into the great markets of the
world. To quote from leading news
paper: The figures are almost bewild
ering. They tell the story of pros
perity which should not be disturbed
"Then, why disturb it? l would not
suspect the democratic candidates for
the White House and for the capitol
of such falsity to their pledges that
they do not intend to disturb it. Their
speech is very much alike that which
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