The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1916-07-29

whole world during the 1916 period
exceeded those Of the 1915 period by
$436, 100000, and the 1913 normal ger
lod. under Republican law, by $27O,-
100000.
During the 1913 period, a trade with
North America totaling 1893, 100000
ncttcd lis favorable trade balance Of
$237 100000. Our North American
trade dropped to 1863, 100000 during
1914, aud the favorable balance de-
clined 10 $l03,OOO.OOO In 1915 the bal
ance fell to $7,OOOO0O. In 1916, with
total trade with this continent Of
81, ISL, 100000 our favorable balance
was Sl3jOOO,OOO, or $lO2,OOO,OOO less
than during the 1913 period. During
the 1916 period Canada bought extern
Siyely OF MS for supplying its terri
tOrials on the firing line and for Great
Britain. Eliminating our trade with
Canada from the calculation for this
period and there would have been a
balance Of trade against us with the
remainder Of North America Of $780,
100000
The balance OF trade has always
been against us in our trade with
South America, and it viii continue
to be so long as we purchase their
raw materials, coffee, meats, grains,
etc, while they buy the bulk Of their
manufactured goods from Europe and
discriminate against our products. The
Democratic tariff law gives them n
free American market, while we have
TO pay to enter theirs. The depart
mcnt Of commerce has been doing a
lot Of tall Dragging about our trade
with that continent, and Secretary
McAdoo was sent down there on a war
ship to cement more firmly our trade
relations with the Latin Americas.
But the administration has small rea-
son for clatiOn. With a total trade
with that continent OF $343, 100000 dur
ing 1913 period. the balance Of trade
was hut S73,OOOOO0 against us. Dur
ing the 1913 period the total trade was
1871 100000 and the balance of trade
was $li0,OOO,OOO against us. and for
the 1916 period the total trade was
S5O9 100000 with balance OF trade
against us Of $18g,OOO,OOO. What has
Mr.. Rcdhcld to say to that?
Our trade with Asia has made n
somewhat better showing. recording
a balance against us for the 1916 per-
iod of $IiG.OOOOOO. compared with
$50. 100000 in 1913. But we imported
$3.50 100000 worth Of goods from Asia
during the 1916 period, compared with
S25G 100000 during the 1913 period.
Here, again, war orders played an
important role in our trade With a
normal expectation Of $l.25OO0O worth
Of our products 10 Russia-in-Asia, the
totals rose to $l9,5OO0OO in 1915. and
$IOG. 600 for the 1916 period. These
goods went over the trans-Siberian
railroad to the Russian troops Elimi-
mating the Russia-in-Asi trade for the
1916 period. from the computation, the
SlO5. 100000 increase in exports being
wholly due to the war, and the balance
against us in our trade with the rest
of Asia was $25l 100000.
Our favorable balance Of trade with
Occania fell from $S7.OOO,OOO during the
1913 period to $l,5O0,OOO for the 1916
period.
We Just about broke even in our
trade with Africa during 1913, but the
balance against us during the 1916
period was $22,OOO,OOO.
Considered from every angle the
conclusion is unacceptable that the
wonderful favorable trade balances
which we have been making during
the last two years have been due
wholly to our trade with Europe and
the stupcndous demand of the belljg-
cnts for war materials. The increases
in exports which have been recorded
are due largely to the fact that neutral
countries have no European source Of
supply on which to rely, There is no
reason why the Democratic admins
tration should plume itself on this
showing.