The Canon City record with which is consolidated the Canon City cannon., 1920-07-15
Coming Events

No nation engaged in the great war
has exhibited such astonishing reclup-
erative powers as has Great Britain,
and instance of it is shown in the mar
velous growth of her export trade
since, the armistice was signed. Dur
The first five months of 1913. with the
world at peace, Great Britain's eN
ports totaled f214 100000 in value
For the first five months of the cur
rent year they totaled e521, 200, 900,
or an increase of 144 per cent. This
was due largely TO the fact that all
Britishers were pulling together. Com
menting on this astonishing CONNER
cial comeback. The Americas, a publ
cation issued by the National City
Bank of New York. says:
"One nations exports must become
another nations imports and the huge
debt owned by England to the United
States can only be paid with goods.
As a number of other publ
cations are beginning to point out the
large increase in American imports is
arousing the old hish-protectiouis-
group to remonst.ance. This is Of
course "a most unfortunate develop
ment. Other nations can not settle
their lebts to us unless We take their
goods. There isn't enough gold in
the world to balance present interna-
tional Indebtedness. and the cnited
States would be no better off If gold
were 20 be offered to US tomorrow for
every dollar owed US b. other nations
British business men under
stand that importing is just as neces-
sary and logical to the prosperity Of
their country as exporting"
OF course, the protectionist idea is
not absolutely to prohibit, but rather
TO regulate. imports. Prior to the
war our imports from Great Britain
ran something under S30U,000.OO0 an
aually. which excited no particular
complaint on the part of industrial
America Now, in the second fiscal
year following the most devastating
war in all history, we are importing
goods from Great Britain at a rate in
excess of $500. 900, 600 annually, and it
is but natural that American indus
| tries should feel somewhat alarmed.
! for in the main those British imports
consist of products which compete
with home products, while our ex-
ports 10 England are chiefly those
products out of which manufactured
goods are made. If Great Britain's
| lebt to us is to be paid in manufac-
tured goods, then many American IN
dustries must be seriously crippled.
1t will. hardly console them to be told
that they must put up with this com
petition and expand their export
market in other directions, for even
! there they will encounter British and
European competition of the most
despeate character. 1t would be
deadly arrangement to permit Europe
to pay debts to America by the sale of
goods in this country on a scale that
would paralyze our own industries.
Better the debts were never paid than
that such a policy were adopted. Yet
such an arrangement is included in
the Democratic tariff policy, to which
| the San Francisco platform swear
fealty.
The war has enriched England ter
ritoriaily far more than all the other
| participants combined. Her oppor-
! tunities for trade expansion are larger
within her own realm than are those
OF any other nation in the rest of the
world Let her develop those fields
while we protect what is rightfully
ours. the home market. To permit. as
the Democratic tariff policy does. the
unlimited flow Of European and ASH
attic goods into this country, means
the loss of great amount of port
revenues, the paralyzing of American
industries, and the hurying up of in
come taGes as result of that pa
ralysis. The Republican party will
never countenance such program.