Show I PAST 4 YEARS EXCEEDED one Fifty-one Months Months' Trade More i Than Since Constitution Constitution Constitution Con Con- Trade I Adopted It I Is stated that a a. 1 compilation by bythe bytho bytho tho the National City bank of New York shows excess of ot exports over Imports during tho the ono one months of ot the tho war aggregated while h hilo lo that from tho the adoption of ot the constitution constitution tion to tho the beginning of tho time ton war Iwas was but Prior to tho the war our ur excess of ex exports cx- cx ports over o Imports although larger larser than any other country never exceeded exceed exceed- ed cd in any single year In Inthe Inthe Inthe the five va war months of ot 1914 tho the excess cx- cx ce cess s of ot exports ever Imports was wa In tho the calendar year ear 1915 In 1916 In 1917 i. i 3 and In the ten tenI months of oC 1918 lS making tho the grand rand total Imports imports Im Im- im- im o of ot exports over o ports for tho the entire war period 10 0 1 while tho the ex excess of of ex exports cx- cx cx- cx ports from tho the beginning of ot 1790 to August 1 1911 was but From 1790 tho thio first year for which figures ot of ot Imports and exports are re recorded recorded ro- ro corded down to the tha beginning beginning- of ot 1876 Imports wore were almost constant constantly In ex excess cx- cx cess of exports On only seventeen occasions In five eighty years ears was there thero an in excess s of oC exports and even cven these were In most Instances extremely extreme extreme- ly lIP small smal while the excess of ot imports the tho fiscal wa was frequently large In year 1876 there was an nn excess of ot ex exports exports ex- ex ports of ot In ISiS 1878 It was In Gl and andIn andin In tho the fiscal year car 1908 the tIme high water mark marl in excess of exports over o Imports prior to tho the peculiar conditions conditions con con- of the tho war period In the fiscal year ar 19 1915 practically all aU of which fell fen within tho war period tho the excess of exports to Europe over tho the Imports from that continent amounted to in imi 1916 In 1917 and andIn andIn andin In the fiscal year ear 1918 1913 33 while tho the excess during the months of Jul July August September and October 1918 was as making making- tho the excess of exports to Europe Europa during tho entire war p period more than and even en e this docs does not tell tho the full ful stor story since over worth of merchandise for European Russia was sent during tho the war to her Asiatic ports orts and recorded h by our government sov- sov gov gov- figures as exports to Asia Asia I when In fact their final destination was Europe I I |