Rensselaer Republican, Volume 25, Number 3, Rensselaer, Jasper County, 15 September 1892 — A STATESMAN’S VIEW [ARTICLE]

A STATESMAN’S VIEW

OF WHAT THE . M’KINLEY LAW HAJJ DONE FOR US. New Markets Opened, Prices Advanced, Business Quickened —The Farmer, the MauufWiiaer and the Workman-Bene-_,flted. [Special Correspondence.] ' Washington, Sept. 5. Secretary Foster, of the treasury department, found a pleasant surprise awaiting him when be returned from Ohio. The chief of the bureau of statistics, although the weather has been very hot, had been rattling around among his figures whileSecretary Foster was away,- and was , able to give him some interesting in- ' formation about the effects of the Me- j Kinley-tariff which even surpassed the 1 expectations which Secretary Foster had formed as to the wonderful success of that and the remarkable prosperity of th© country under it. “It is a wonderful showing,” said Mr... Foster reflectively, as he leaned back in his office chair and looked, again at the totals and comp'arisons which Mr. Brock had laid before him. “I wonder what the tariff reformers can say to this. It is worth more than volumes of assertions based on theories. It shows that the last congress, when it revised the tariff, did its work “What years are taken for purposes of comparison?” asked the correspondent. “The fiscal years ended June 303890, and June 89, 1893. During the entire year ended June,3o, 1890, the tariff of 1883 was in operation, and during the entire year ended June 30, 1892, the tariff of 1890 was operative.” “Can you give me a summary of the results of the comparison?” “Yes, here it is: , REVENUE INCREASED. “First—The revenue has been increased $51,307,650. “Second—There has been an increase in the total value oft our foreign commerce of $210,540,510, as compared with 1890, and an increase of §400,357,384 over the annual average of the ten years prior to 1891. INCREASED EXPpRTS. “Third—in 1892 the exports for the first time.in our history exceeded a billion dollars, being, $1,030,278,030, which whs $172,449,340 more than in 1890, and in excess of the average annual value of exports for ten years prior to 1891. “Fourth—The. .increase in exports of cotton over 1890 was §7,492,449, and $36,7*72,912 over the annual average for ten years. “Fifth—The exports of breads tuffs of 1892 exceeded the value ot the same exports in 1890 by the sum of §144,437,190, and exceeded the average annual value for the ten years prior to 1891 by the sum of $131,206,224. “Sixth—The value of the exports of provisions in 1892 exceeded the value of like exports in 1890 $4,097,653, and the average annual value for the ten years prior to 1891 by the sum of $27,703,432. “Seventh—The exports of cattle, sheep and hogs in 1892 exceeded the value of like iniports during 1890 by the sum of $3,211,031, and excFSded the liV6tag» nual Vaitie of the same ex[>orts for the ten years prior to 1891 by the sum of $20,283,071. GOOD FOR THE FARMERS. “Eighth—The combined value of exports of cotton, broadsiuffs, provisions, cattle, chand hogsrnH clewed as agricultural products, of 1892 exceeded these exports of 1890 by the sum of $159,238,323, and exceeded the average annual value of the ten years mentioned by the sum of $215,965,639. ‘ products in 1802 exceeded those of 1890 by the sum of $11,199,860, and exceeded tlio average annual value of such exports for the ten years prior to 1891 by the sum of $49,420,063. “Tenth—The exports of manufactures in 1892 were $8,38-1,357 in excess of light exports in 1890 and $30,906,294 in excess of the annual average value of the ten years prior to I’B9l. BALANCE OF TRADE FAVORABLE. “Eleventh—The value of our imports in 1892 exceeded the value of the same 'T*"™?*"' l ■ 1 I . T 1 • l—imi irniii ’ . - _ _

in 1890 by the sum of $38,091,164 and the average annual value of the ten years prior to 1891 by the sum of $135,215,052. “Twelfth—The value of free imports in 1892 exceeded the value of like imports in 1890 by the sum of $192,332,145, and there was a decrease of dutiable imports amounting to sls-1,240,979. INCREASED FREE LIST. ‘’Thirteenth—The value of the free imports and also the percentage es the same in 1802 were the largest in* the history of our commerce, so that trade is freer than ever before, and largely of such articles as aro not produced in this country and which enter into the daily consumption of the people. , REDUCED TAXES. “Fourteenth—The duty collected per capita of the population in 1892 was $2.67, which was less than for any year since ISG3 and VSJJTfcnta Jess than the anuual average for the ten years mentioned. “Fifteenth—There was a decrease in the imports of tbe manufactures of wool of $21,016,553, of $13,255,613 in imports of manufactures of iron nndjrteel; in manufactures of silk of $7,513,430; in manufactures of flax and heinp, etc., $2,136,062; in manufactures of cotton, $1,594,330; in tobacco, sl,l76,4ll—atotal decrease of $16)692,454, thus giving increased employment 'to persons engaged in these munufactures in this country and retaining. many millions of dollars at home. THETARMKKS’ INCREASED HOMS MARKETS. ‘^Sixteenth—By virtue Jf the new tariff the imjEirtutions of horses, sheep, cattle, barley, oats, nutmeal, ryo, eggs, vegetables, hops, flaxseed and tobacco during.tbe »year loss than In IH9O. nj<l that mnnh wmre heme market was given tuuur farmers. “Seventeenth—The value -ot ou ex-

ports of domestic and foreign merchandise exceeded the value of the imports In 1892 by the large sum of $202,876,457. “Eighteenth—The reciprocity of the new tariff act has opened new foreign markets, and our exports to the countries with which reciprocity relations have been established have increased by the sum of $10,286,881. “Nineteenth—Established industries have been stimulated and new industries started, which are giving employment to hundreds of thousands of men, so that great prosperity exists in all lines of trade, while in nearly every other country there is morapr less depression. “ Twentieth—There has been asteady decline in prices of the necessaries of life, as compared with prices prior to the adoption of the tariff act ®f 1890. | “Twenty-first—There has been an ad- ; vance in wages. | “Twenty-second—The prices of farm products have increased. since the passage of the tariff act of 1890 by 18.67 per cent.^-r—A-