The evening herald. (Klamath Falls, Or.) 1906-1942, 1916-08-04
TRADE FOLLOWS THE LOAN.

IE oRECASTING a decided slump II
i our export trade after the Euro
pean war is over. William H. Doug
las. If Arkell 4 Douglas, New York
says: Germany has spent hundreds
Of millions and Great Britain has pro
badly invested two billions in Soutl
America. In this country we have no
properly appreciated the extent tt
which trade follows the loan"
The Industrial development of tn,
United States which has found iti
chief acceleration In the protective
tariff policy, and which has invariably
been arrested under the Democratic
tariff.fo.-revenue policy. up to the yeai
1900 confined the attention Of our pro
ducers mainly to the United States
Here vas wide and fallow field In
which to SOW fthe seeds Of commerce
before entering seriously into the cult
walton Of Latin American tracts
True. that, in 1898. the year prior te
the passage Of the Wilson-G German
tariff horror, we had exported nearly
$4,000 900 worth Of our products to
Mexico, Central America, South Ameri
ca, and the West Indies. True, also
that lese exports declined to S74.
100000 the year following the passage
OF that law. but it was not until 1900
that our producers began to take a
rapidly increasing interest in our trade
to the south.
The Dingley protective tariff law
was passed in 1897. There was not the
same increase of exports to Latin
America in 1898 that was observable
with respect to other countries, due to
the Spanish war and the consequent
Of our exports to Cuba. The
total was $74.000,000. In 1895. the
year alter the passage Of the Demo.
cratic law. our exports to all the world
dropped to Sso7.50o,o0o. or $223.ooO..
900 below the record for 1899 when
the Mckinley law was in operation.
It will be remembered that Cleveland
went in in 1893. and Democratic tariff
I.nkering continued until August ~.
1894. when the Wilson bill was passed
IN 1895. the year following the passage
II the Dingley protective tariff law,
odr exports to all the world toraled
3, ,281. 100000. In 1900 for the first
lime exports to Latin America ex-
,eeded $110.000.000. from which time
here was a steady increase in the
stream Of our products flowing to the
Latin Americas. up to 1913. when they
otaled $324.000.000. Our total exports
or that year were $2.500.0o0.00
Then came the Democratic devastation
II 1914. with the Underwood near-free.
rade tariff law In full swing. Our
otal exports to all the world fell Of
101, 100000 In nine months. and those |
o Latin America dropped $4,000. 900.
n 1916. although our total exports to |
II the world were $2,76s. 900. 900. on
ccount Of war orders. those to Latin
America fell to s251.O0o.0o or s73..
10000 below the 1913 record. Re.
emily our export trade to the South
as been picking up because the fac.
ories Of Europe are closed to their
eQuisitions. The official figures all
0 to prove that under the policy OF
rec trade. consequent depression
auses our export trade to dwindls.
Now. as for trade following the
'an: About the middle Of 1918 .
roposition was put up to the United
tates to subscribe to share Of the
lx-Power Loan to China American
ankers sought assurances from Pre-.
dent Wilson for Government pro.
'cton before subscribing to the loan.
i'd he turned them down hatly De.
luse Of ''the obligations It imposed
pom the government" Ii thsro any
'nnection between this fact and the
'ct that our export trade to China
II from $25.000. 100000 In 1914 to ;i6,-
10000 In 1915? II can hardly bs
tributed to lack IT freight carriers.
r our imports from China increased
1916. Now Wilson has changed hts
lut and the Administration u trying
stt American bankers to subscribe
a new loan to China. It has be.
me . matter Of good politics. Z
In addition to the past attitude Of
Administration respecting foreign
ms, is its absolute refusal to pro c
It American Life and property in for. n
~ countries, such as has been svi.
need In Mexico. Our export trade n
Latin America will not be On q q
althy increase as long - the Dsmo "
ito are IN power. Ii
sryl hurryi Before They Ar oensl pl
al