Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1914-11-07
TWELVE MONTHS OF FREE
TRADE.

unparalleled prosperity that existed
under protection, it disappointment as
a producer of revenue sufficient to
support the Government, its dismal
collapse as an expander of our ex-
ports to capture foreign markets, and
the havoc and depression generally
it has brought to the American farm
er, and to American business general
ly, is fully set forth in a review of the
first twelvemonths operation of that
law from October, 1913, to September,
1914, inclusive. This review has been
compiled from the official monthly
bulletins of the United States Depart
ment of Commerce.
Twelve months of free trade spell
increased imports of merchandise, in
creased exports of gold and increased
expenditures of the Government,
while decreases are shown in customs
receipts, exports of merchandise, our
balance OF trade, and our total trade
or international commerce, imports of
gold, and the treasury surplus.
Free imports have increased $lo9,-
5S2,729 as result of placing wool,
cattle, meats, eggs, potatoes, corn,
oats and various farm products on the
free list
Dutiable imports under protection
amounted to $82S,860,7SS, while un-
der free trade they amounted to $/Zl,-
837,129. or a falling off of $lO7,O23,
$50. This decrease is chilly in man
ufactured goods and indicates di-
minished consumption in this country
owing to the closing down of Ameri-
can mills and thereby throwing peo-
pie out OF employment and bringing
about a general curtailment of their
purchasing power
The total import trade shows an in
crease of So, $4,000
Our export trade amounted to W
5l66l Is 600 under protection, while un-
der free trade we sent abroad SZ,ZlS,-
49S,254, or a falling off of sos, H.
400 for the first year under the free
trade tariff of 1913.
The balance of trade Chat is, the
excess of exports over Imports under
protection amounted to $7O4,O52, 2ol.
Under free trade it amounted to S343,-
375,7S5, a disastrous falling off OF
$360,676,476 in one year of free trade
Our total or international trade
Imports and exports) amounted to
S432o,l7o,059 under protection. I'm
der free trade it amounted to $4,O92.-
620.723, or a falling off of S236,55S, $50.
Foreigners sent us $73,958,5& OF
gold under protection, while under
free trade they sent us $50, 457 900, or
$l6,5 00,S97 less than under protection.
We sent to foreigners $77,775,S47 of
gold under protection, while under
free trade we sent to them $780,
100, or an increase of $o7, 600, 262,
The excess of our exports of gold
over imports of the same precious
metal amounted TO $38l7,2oO under
protection and $1l7,9l8,4l9 under free
trade, or an increase of $ll4,lOl, l59.
AS a revnue producer the present
law is dismal failure For the first
twelve months of its existence Gus
toms receipts amounted to $500, 49,
218, or a falling off of ISL ,742, 265 from
the amount received for similar pc
Rod of protection, which was $3l7,-
SOL ,483.
Falling revenues alarmed the free
raiders so much that they have resort
ed to additional taxation of the peo-
pie by passing the so-called war tax
bill which they estimate will bring iii
about $90,O000O0 If this amount is
collected it will just about offset the
shortage in customs receipts, of $5Z,-
100000 and the income tax failure of
$35,000,000. The European war, which
began about August |, 1914, was
blamed by the Democrats for this
shortage in revnue, yet customs re-
ceipts for the first ten months from
October, 1913, to July, 1914, inclusive,
of the Underwood tariff showed 4
falling off of $30,660070, clearly prov
ing that the European war had moth
ing to do with this deficit facing our
treasury
The total ordinary revenues of the
Government for the twelve months
ending September 80, 1914, which was
under free trade, amounted to $751;
807,0SS. This amount includes $3,-
100000 surplus of postal revenues for
the fiscal year 1913 and $l2,535, 276
derived from the sale of the old bat
tleships Idaho and Mississippi, or a
total of $l6,335,276 which are extra
ordinary revenues and should be de
Quoted from 1871 ,S07 088, thereby Civ
ing $l547l,8l2 as the actual revenue
from from free trade legislation as
compared it'll $726,264, l47 for the pre-
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