Semi-weekly herald., 1914-06-25

these workmsn $4,000 every two
weeks. The rest Of this payroll,
s1s0,o09 every two weeks has bssn
taken from them and given TO the
foreigner. More than three thousand
men that worked for this company
are out of employment wondering
how they are going to earn thsir
daily bread.
Only few dayr ago, the National
Tube company Of McKsesport, Pa.
closed throwing out of employment
$500 men. Their work and their
wages have been taken from them
and given to the foreigner.
During the first three months Of
1914 under Democratic tariff law
our sale of cotton goods to the for
eigner decreased l,2O0. 900. Our pur-
chases during the same period in
creased $2,l00,000 or balance In IA
vor of the foreigner Of $4,000, 900.
During the first three months of
lsld, our imports Of wooden and wor-
sted goods were s7,6e4.s7o under
Democratic law. During the first
three months of 1918 they were $2,-
254,Ol0 under Republican tariff, or
u balance of s5,410,360 in favor Of
the foreigner in three months.
In three months after the Under
wood law went upon the statute books
Bradford, the great wooden and wor-
sted center of England, increased its
sale Of these goods to the United
States 2s0 per cent
Comparing this year with last year,
during the month of March the
amount we sold abroad at the port
of New York alone decreased S11,-
000,000.
During the month Of April at the
same port it decreased 100000 or
loss in our foreign markets o $685.
900 in two months at this one port.
Imports increased or the same two
months in the port New York alone
over s26,o00,O00. In other words, dur
ing March and April of this year un-
der this Democratic tariff law that
was to give us the markets Of the
world the balance in favor of the for
eigner at the port Of New York alone
was $46,000,000, or to put 1t in an
other way, the Democratic tariff law
now upon the statute books we arc
losing our foreign markets at the rate
of $276,000,ooo per year through this
one port. Our tremendous loss Of
trade is shown more strikingly still
when you remember that our imports
of material used in manufacturing
has decreased in the first six months
under the Underwood law more than
s4S,000,000 Each month since the
figures show still greater loss Of
foreign trade.
During April ,1914, the last month,
for which figures are available, as
compared with April, 1913, we bought
from the foreigner $38,0O0,O 900 more
and sold him $37,O00,00O less, or .
balance in favor of the foreigner in q
single month under the Democratic
law that was to give US the markets
of the world of $4,000, 900.
During the first six montks Of the
Underwood law our foreign trade de-
sreased more than 100000, 900 ~
compared with the first six months
under the Payne law. Our imports
since the Underwood law has gone
upon the statute books in six months
has decreased 81 per cent. Our ex-
ports durifg the same six months un-
der the Underwood law have decress-
I'd 81 per cent. This shows how we
are capturing the markets Of the
world under the new freedom" This
shows the result Of sharpening our
wits in competition with the cheap Ia
Dor of foreign nations.
During the first six months Of the
new tariff law as compared with the
old tariff law our revenue has de-
creased $25,0O0,Oo0 during the sams
period. The excess Of expenditures
over receipts has been S37, ,OO0, 900.
During the same period last year un-
der Republican tariff the excess Of
receipts over expenditures was ST.
100000, or balance in favor Of .
Republican tariff law in six months
Of $44,500,000.
Every day this Democratic congress
Is expending more money than the
nation is receiving. predict that
it will be but few months more
until we will have to again issue
bonds to raise money to pay the run
ming expenses of government, a thing
that has not been done since the last
Democratic administration under Gro
YER Cleveland. A Democratic admin
istration and empty treasury! What
memories Of the past those words rs-
call.
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