Rensselaer Semi-Weekly Republican, Volume 19, Number 91, Rensselaer, Jasper County, 22 July 1898 — CONDITIONS ARE FAVORABLE. [ARTICLE]

CONDITIONS ARE FAVORABLE.

The Country Is Feeling Pretty Comfortable After One Year of Me- - Kinley’s Administration. The first full fiscal year of President McKinley’s administration closed with the beginning of July. The country finds itsedf in the midst of a war which is being indorsed by every political convention, democratic as well as republican. This is a new experience! for |the American people. For the first time in its history the nation is a unit in approving and vigorously, prosecuting the war in which it has become involved. Always before there has been, in time of war, as well as in advance of it, a peace-at-any-price party. Now that sentiment is confined to collegiate senility. Herein President McKinley has behind him the whole people as none of his predecessors ever had. We must wait a few days longer for the statistics of the old fiscal year. But enough is known to warrant the assertion that it will make a most encouraging showing, especially as compared with the previous fiscal year. The only basis of comparison now is the first 11 months of last year and the year before- Our imports exceeded our exports in those months of 1897 to the amount of $14,487,753, but in 1898 the exports exceeded the imports, $208,003,917, a difference in favor of 1898 of over $222,000,000. This enormous balance of trade in our favor has had the effect of greatly increasing the country’s stock of gold, the imports of which during the 11 months exceeded the exports to the amount of $102,026,985. This gold has gone into the circulation of the country, and added that much to the actual currency of the people. The total receipts of the treasury for the first ten months of the three tariffs of this decade have been published and serve as a powerful statistical indorsement of the present administration. The Dingley tariff has now been in operation ten months. The receipts of the treasury for that time, exclusive of Pacific railroad sales, were $265,559,706. The receipts for the first ten months of the Wilson tariff were $234,336,431; for the first ten months of the McKinley tariff, $312,062,508. The results under the Dingley tariff were substantially as predicted by Mr. Dinglej' in his speech in support of the bill in its final form. The republican party does not indulge in random guesses on matters susceptible of close estimates, and its calculations, like its promises, can be relied upon.—Chicago Inter Ocean.