White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1914-05-31
RESULTS Of
LOW TARIFF
sMOOT QUOTES STATS
TICS SHOWING HOW INCREASE
OF IMPORTS Is EXPECTING
NATIONS INDUSTRIES.

Hon. Reed Smoot was before the
senate with statistics from the bu-
reau of foreign and domestic com
merce, disclosing the disastrous re-
suits of the Democratic tariff Jaw. In
his statement, he set forth these
facts:
1.-The tarin law has been In force
some six months, and it can now be
judged what its future effect on our
commerce will be.
81 believe 1t Is time to call atten-
tion to one of the great eason of the
unsettled state of business in this
country.
The exports for April aggregate
$162, 900 900. as compared with
$199. 900 600, for the corresponding
Month of last year. This Is a loss in
exports of $37, 900. 900 in a single
month.
THE imports in April of this year
were s172.000,O 900. as compared with
t146. O00. 900 - April last year, or a
gain in Imports for the month of
s25. 600. 900.
Together the exports and imports
show a total loss in money to the
commerce of the United States of
$4,000, 900 in one month. or at the
rate of 1855, 00O.00 annually.
This Mr.. President. is the prom
ised expansion of trade. But it must
be remembered We are Just beginning
to experience the real effect of the
Democratic law. The imports in
April exceeded the exports by $10,-
00o, 900.
IF the manufactured goods only
required so per cent of their value in
labor, there was a loss to the labor
ing men of this country of over s13,-
600. 900 from increased importations
alone.
THE total average increase in inn
ports of goods ready for consumption
during March of this year over March
Ct last year is 7l.9 per cent.
Then people wonder why so many
of our mills are closed. and are ask
ing why SO many of our laboring men
are out of employment.
These figures tell the story. In
stead of our laboring men making
our goods. they are made by foreign
ers and shipped into this country"
There will be ten thousand col
umns of Democratic replies to the
Utah senator's speech. but when all
is said. the stubborn facts and fig
ures will remain to perplex the de-
tenders of the administration. COM
ments the Ogden Standard.
In this connection. We note in the
last number of the Daily Consular Re-
ports. a publication of the govern
ment. this comment from our consul
ut Valencia. Spain:
Tie value of declared exports
from this district to the United States
In 1918 was s~2,214.7s0. OF nearly sc
per cent greater than in 1912 and 16
percent larger than the next highest
total In the last five years, Shippers
claim that the reduced customs du-
ties Ia the United States have not yet
greatly influenced direct trade from
fhfu diasFinf and thai tantco1
expansion is improbable until direct
communication with New York and
Boston is more frequent and rapid.
IL Is also said thai many of the more
important American produce impor-
ers prefer to draw supplies from Liv-
erpool. availing themselves of the
quicker transit and closer CONNER
cal relations; and since this business
is already important and embraces
Valencia oranges which are not now
shipped direct from here, 1t is a re-
sonable supposition that English bro
kers will absorb a large part of the
new business in local products result
ing from lower customs duties"
Now. II every foreign port Is swell
ing its exports to this country In like
proportion. no wonder the total OF
u imports is increasing at a start
ling rate. and that the displaced bust
ness In this country should be felt in
lack of employment.