Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1914-06-22
"PsychoIoaicaI Conditions"

4
day we give another chapter of the
same address. This has to do with
Capturing the Markets of the
World"
Under the Underwood Tariff law that
| brought 10 use the benign blessings of
| the New freedom" we are to go forth
| and capture the markets of the world.
! We have had our wits sharpened by COM
petition with the rest of mankind. Ii
would appear TO be the part of wisdom
| to stop and see how the Democratic
| tariff law has worked.
| In my own state the new Democratic
! tariff law Immediately closed more than
| 500 of our single mills, threw 5000 men
out of employment, and these mills are
| closed today. 1t Immediately opened the
mills of British Columbia that for
been running ever since and $50 of their
output is sold in the United States. The
price of shingles has not been reduced to
the consumer. We now pay the same
price for foreign shingles that we paid
! for those produced In this country.
| More than 50, 900. 900 in wages is now be-
! ing taken from the American workman
in this country and given to the emma
man, the Japanese ana the hinuu III
/ British Columbia.
| During the first six months of the pres
ent Democratic tariff law 100000 pounds
of tin plate valued at sl,334,0O0 was i'm
much as was brought into this country
during the last six months OF the Repuo-
lican tariff law.
thousands of tons of foreign steel
manufactured by foreign cheap ianor Is
going into San Francisco and Seattle.
Thousands of tons Of pigirop is coming
into these ports from China produced by
| labor paid from &C. to Sc. per day
Thous nto the e' p sSqs Of
| Orleans. Savannah to be used py the
Southern cotton planter. whit
1 DurSng the last month of the RepuoH-
can tariff law the Pfttsourgn S'e etas aId
! r. its vorkmen $4,000 every two "ee e ooo
/ Now II PAYS TO these workmen sl4,VuV
a,erv two weeks. The rest or TINS pay
roll, $4,000 every two weeks - h tbe FOR
eigner More than 5000 men tnat WoL het
! For This company are out or empty me ne ~
nordering how they are going 10 eai Il
their daily bread.
ONLY a few days ago, the Na'ion''
Tube Company Of Mckeesport' a.,
closed throwing out OF eInplosiiieiN
osno mon Their work and their wages
have been taken from them ana given
to the foreigner.
During the first three months ol
1914 under a Democratic tarin law oui
cole IF cotton goods to the foreigner
d.orea sed 81, ,000 Our purchases
during the same period Increased w.
Inn ooo or a balance in favor OF the
foreigner of $3,3o0,0oo.
During the first three months Oh
1914 our imports of wooden and Wors-
tod goods were s7,664.370 under a Dem
ocratic law. During the first three
r,onths of 1918 they were S2,254,olo uh-
aer a Republican tariff, or balance
of sb41o.360 in favor Of the foreigner
| In three months.
Tn three months after the Under
wood law went upon the statute DOORS
bradford. the great wooden and Wors-
| ted center of England, Increased us
| sale of these goods TO 'iie ot'''e
| States $50 per cent.
Comparing this year with iast year
! during the month of March the am
cunt we sold abroad at the port Oh
! New York alone decreased $ll,Voo,ooo.
During the month of April at the
same port it decreased sl2,ooo,oop, OF
a loss in our foreign markets or go,
! ooo 600 in two months at this one port
Imports increased for the same two
months in the port of New iorh dioiie
over s26,000,000. In other WORDS oui
ing March and April of this year I'M
der this Democratic tariff law that
was to give us the markets OF the
world the balance in favor OF the
foreigner at the port of New holh
alone was $46,000,000, or TO put 1t IN
another way, the Democratic tarin
law now upon the statute DOCKS we
are losing our foreign markets at the
rate of s276, 000,0o0 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 mas
decreased in the first six months IN
der the Underwood law more than
SAG 600 900. Each month since the ig-
ures show a 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 s36000,W0 more and
sold him $37,00 600 less, or balance
in favor of the foreigner in a single
month under the Democratic law that
was to give us the markets OF the
world of s73.O00.ooO.
During the first six months of the
| Underwood law our foreign trade de-
creased more than s100,000,000, as com
! pared 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 de-
! creased 81 per cent. Our exports dur
| ing the same six months under the
! Underwood law have decreased 81 per-
cent. This shows how we are cap
| turing the markets of the world un-
1 der the new freedom" This shows
the result of sharpening our wits In
competition with the cheap labor 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 $25000,000. During the same
period The excess of expenditures
over receipts has been $37o0o,o00. Dur
| ing the same period last year under
! a Republican tariff the excess of re-
ceipts over expenditures was $7,500,000,
or a balance in favor of a Republican
| tariff law in six months of s44,500,0o0.
/ II