Evening journal., 1919-01-17
sssi,ooo,ooo TRADE DISPLACEMENT.

IMPORTS up si29OOOOOO exports down s762 900 600.
That is the record for the eleven months Of the cur
year. compared with The period of 1917. In
two groups of foreign trade, manufactures for fur
ther In manufacturing and manufactures ready for
consumption shown by the official trade figures for
November.
Surely that OF what 10 expect by continuing
under the Democratic tariff policy writes In advance
Justification for The Republican party which will con-
troll the legslatiyes branch after March revising
the upward 10 plane which will protect American
industries from European and Oriental competition
that the war is at an end.
Here we find loss to American industry by dsplace-
OF products and by falling on In sales abroad of
ssoi 100000 n eleven months two groups alone and
these groups the which the greatest Of
labor Is expended In their production. a monthly loss
at the rate Of ssiOoO0o which viii increase rather than
decrease until the protective balance Is achieved
II anyone thinks Allies are acuated by purely al
trstic motives their campaign TO pay OF Indebted
with goods instead Of god they have but
the accounts Of what Great Britain doing with respect
to cutting rates on ocean transportation with view TO
capturing the carrying trade Just we nnd ourselves
with large merchant marine while France and Italy
less determined to extend their market In free
trade America.
We can't blame them for this as II Is common sense
business proposition But blame tariff policy
which opens market the unrestricted trade OF the
world at time when the wage diferental between this
country and those of Europe and the Orient wider
than before Prior 10 the the wage rate here
and In England, for example. was ratio OF about
two TO one.
Assuming hundred per cent Increase In both
countries since the began and II VIII be found that
for every two dollars In wages paid this country in
1914 pay four dollars. while for every one dollar
paid In wages In England they pay two. so that
whereas the derential In 1914 between the two
tries dollar today II is two dollars. And the
disparity today will be found stll more marked when
comparing present wage scale with that Of contl-
mental Europe
But we still labor under a tarir law drafted by near
freetrade Democrats 10 meet 1914 conditions
who ask II the Republican party Is still calling the
old shbboleih Of protection viii find that II has
been most effectively materazed and very properly
The argument that should keep down the pro-
tectve bars and seek profits in foreign fields not
sound In the FIRST place. under the favorable
conditions arising from which gave us almost free
swing export trade at time exceeded s60O0O00O0
annually which Is about One-seventh the consumption
capacity Of the United States today
How could we be expected 10 expand our foreign
markets to si00000O0O00 meeting abroad those same
competitors TO whom The Democratic party would
the home market7 Even at this critical
Secretary Redneld and the War Trade Board request
interfere with the foreign trade expansion Of our
Allies while at the time favorIng policies which
will permit them 10 have unrestricted entry 10 the
American market.
But is not high time the economic interests of this
country censidered7
Due to the world food shortage agricultural produc-
ton the United States is In prosperous shape but that
Will continue at present only until European agricul-
ture be re-estabshed. We already Witnessing |
the drop In the price OF wheat abroad and the pr,
here is kept up by purely artificial means.
The agricultural interests OF this country should |
know from experience that when manufacturing indus
tries paralyzed by foreign competition the market
for farm produce goes TO pieces.
The Republican party can take up the business Of
tariff revision confident OF the country's support
The people want protection and they should have H.