Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1916-11-05

come about, your rise WOulQ nave
landed down to the same old scale
the industrial and commercial, stag
nation that you were drawn into by
the same kind of law twenty years
prior to that date. And you recall
your conditions from SO to 81. Now,
let me verify that. ! will allow one
three months for commerce to adjust
itself under newNaw. We have nine
months for working of that law under
normal conditions. That is before the
war broke out. And I want to com.
pare these nine months on importa-
ton of farm products with nine
months under the previous law. And
they show this: Il will take three or
four items In the earlier nine months
with a little protection on our prod.
ucts, there was imported into the
United States about 100000 pounds
of fresh or refrigerator meats. The
next nine months without protection
there were imported 1S3,000,O0O
pounds, an increase of $500 per cent.
Under the first, there was imported
corn, with a little protection, about
100000 bushels. Under the second,
without protection, imports from Ar
gentina alone amounted to 100000
bushels OF corn, which travelled as far
as Indiana and was sold ip competi-
ton in corn raising state; an in
crease of 5000 per cent. Under the
first, there was importation OF barley,
With little protection, or good pro.
lection Of 3Oc per bushel, about $4,000
bushels; under the second, $4,000 bu-
Shells or an increase Of 5000 percent.
Oats An Example.
"Now one more. Under the first,
with a protection of SOC bushel on
oats, there was imported about $4,000
bushels Under the second, with that
protection taken away, about 22,0O0,-
900 bushels, an increase of $4,000 per
cent. Now is there any farmer or any
business man, who understands the
simple law of supply and demand;
that surplus sends your prices down
and a deficiency sends them up, who
fails to comprehend that when we
brought 22,000,0O0 bushels Of oats
from right over the line; brought them
down under their very eyes and sold
them in competition with yours, it
must have driven your prices down?
Now, deal on these four items alone,
and they will amount to $4S,000, 900.
Forty eight million gold, American
dollars that ought to have gone into
your pockets to buy your produce 80
sent out of the country and paid into
the pockets of other producers. Then,
we lost the $4S,00O,O00. Then there
was brought back into this country,
$48, 100000 worth of those foreign
farm products. They were placed
right under your nose and sold in COM
petition with the same products of
which you then had surplus. And
again, you fail to understand that this
must necessarily have decreased the
demand for your products by just $4S,-
0OO,O 900 worth. That it added to your
surplus, $4S,000, 900 worth. realize
it is always difficult to point out to
any people, an impending danger just
so long as they are reaping benefit
from a present abnormal condition.
r. Only Lasts So Long.
"a man drunken with liquor feels
right just so long as the intoxicaticn
lasts, and cannot be made to realize
that the dollars he is throwing away
should not be thrown away. So pee.
pie Intoxicated with wdr. prices are
slow to realize that tomorrow they
will awaken to new condition with
their foreign market practically ur-
harmed and their home market invad-
ed. Why, my friends, were We to
close tomorrow, you would see the
mightiest slump in all Of your market
prices that you have ever seen In all
your life. Why? Because, first, We
are all bought up entirely by world;
but the people of this world win re-
gain their lost trade. They will be
compelled to seize on them that
which will bring them in the quickest
return. Now, every agricultural prod.
uct can be matured in from six to six
teen months. Therefore, their first
efforts will be along agricultural prod
ucts. Second, Russia, the greatest OK
porter Of wheat and barley and oats
in the world, On account Of the clos.
ing of the Dardanelles, has been pill.
ing up three years of her mighty sur
plus and before this war closes, un-
doubtedly, fourth year. And she
will assume, as she must do, to unload
that mighty surplus on the markets Of
/ the world in comparatively few
months. Third, the great Central
Powers, which heretofore have been
taking hundreds of millions of dollars
I az our commerce annually, today are
, cuiltivating every inch Of Mother
Earth, right up to the railroad ties,
and in great central military author.