Rensselaer Republican, Volume 26, Number 52, Rensselaer, Jasper County, 23 August 1894 — WORLDS MARKETS [ARTICLE]

WORLDS MARKETS

OLD DEMOCRATIC ARGUMENT completely exposed. The .American Market Worth Over four Billion Dollars a Year More Than All Others Combined —Let Us Keep Our Own and Not Destroy It. - The renewal of the free trade party’s destructive free raw material war cry against American industries naturally calls to mind their old theory of the markets of the world, and how great a gain it will be if we can only secure them. Let us look into it. The total manufactures of the. United States in 1890, according to the last census returns, amounted in value to of which we exported to the value of $151,103, 376, leaving $8,903,332,961 worth of American manufactured goods consumed at home, as fellows: AMERICAN MANUFACTURES. Total United States manufactures, 1890............. .... ....*9,054,435,337 Total exported, 1890.............. 151,102,378 Total home consumption, 1890. .*8,903,332,961 In the same way we must deal with our farm products, the total value of which during 1889, consumed in 1890, was $2,400,107,454. We exported to the extent of $532,141,490, leaving American farm products worth $1,927,965,964 consumed by Americana Thus:

AMERICAN FARM PRODUCTS. Total farm products, 1889 *2, :6),197,454 Total exported,'lßß9; 632.141.43.

Total home consumption, 189)..*1,927,9(15,964

We see that the American people consumed American, manufactured goods and farm products in 1890 to the extent of $Ju, 831,298,925. To this we must add the value of the foreign goods entered for consumption through our customs department, Which amounted to $773,674,812 in 1890, thereby getting the following aggregate value the entire == AMERICAN CONSUMPTION-LV-1890. American manufactures.’.. ...*8,9W332,9 >1 American farm products. .. Foreign goods. ...................... 713,674 812 Total American c0n5umpti0n.*11,601,973,737

Against the aggregateconsumption of goods in the United States, worth $11,604,973,737 in the year 1890, or $178.82 for every man, woman and child of a population of 65,000; 000 persons, what are the great markets of the world that we may expect to secure 9

The markets of the world comprise only such goods as are imported by the different countries of the w r orld, because we can not claim to supply them with what they already manufacture or grow ip their own countries, unless they propose free trade, as the democratic party would have us do. They are not so foolish, however. Other countries prefer to retain what they already possess rather than throw away the substance for the shadow. We find from the American Almanac of 1888 that the total imports of all other countries in the world at the latest date for which complete returps are available, were as follows:

TOTAL FOREIGN IMPORTS. Europe, Asia, Africa, North and South America, Australia and the Islands of the Sea *7,569,000,000 This is less by over fopr billions of dollars thap the total copsumptiop of goods in the United States. Thus: Total United States Consumption 1890 '. $11,604,973,737 Total imports, all other countries, 1888 ' 7,559,000,000 United States market excess.. $4,035,973,737