| Show A SANE PKOTECriONISP Tho Tribune has made another discovery It is that if a nation exports more than it importsgives more than it receives the nation will grow rich but if a nation receives re-ceives moro tian it gives it will grow poorWe called the attention of the great i financier to the fact that this theory of his i would bo all right if it wero reversed thus a nation will grow rich by receiving more than it sends away the excess of imports im-ports over exports shows the gain a nation makes by trade The Tribunes answer and its only answer an-swer to this is that THE HERALD is a lunatic an idiot has escaped from the asylum and so on Thus It is laughable to hear a lunatic day after flay reiterate that because ot the unfiirv discrimination discrimina-tion of our tariff Americans are investing large sums hundreds of millionsin foreign investments invest-ments It is still more laughable to hear a defeated de-feated editor explain that the more a nation sends away and the less it receives in return re-turn the richer it becomes Namecalling is not argument and all the names in the world cannot cover this little fact that in tho thirty years in which Republicans have had control of the government gov-ernment the exports from > this country have exceeded the imports to the country by over 3000000000 That much wealth has been driven out of the country by the policy of having exports exceed imports paying more than we receive In the last fifteen years we have paid to foreign countries over 1600000000 more than wo received from them The sane editor as he terms himself says this makes us richer that the more we lose the better off we are The sane editor four days ago explained ex-plained why our exports exceed our imports im-ports This country has been paying its debt at just about the rate that the balance of trade has been in its favor And he maintained the same time that it is a good thing to have the balance of trade in our favorto pay out more than we receive in other words itis a good way to get rich by always having debt to pay For according to his own statement f 1IIii Q r the balance of trade was in our favor because we were paying our debt Now as a matter of fact our highest debt ISOj was Sand S-and our present debt 18S9 is 1C175 419 The excess of exports over imports in that time was about 3000000000 enough to have paid the whole of the original orig-inal debt with the interest added if the editors theory were correct Besides much of this debt is owed to i ur own citizens citi-zens and nothing is exported to pay it in their case I The sane editor said this excessof exports ex-ports over imports is not inveted abroad and when we asked him what became of it then he said Someone must have gotten away from the Provo ayslum sure Wo leave our readers to judge who the escaped lunatic is The sane editor wrote a few days ago Our claim was that imports were so much that they drained our country of gold and silver to Jay the balances We then quoted the report of the secretary secre-tary of the treasury showing that since 1S7G our exports were greater than ou r imports to the extent of 1150000000 Here is the sane editors reply to the secretary of the treasury He says TUB HERALD man Jumps on his music box like a baldheaded monkey ana grimaces joyfully over his own brightness This is the only reference he makes to his statement about our imports being so great that the country is drained of its gold and silver to pay for them Convicted of lying ho refuses to argue and calls names brave fellow 1 The same editor declared that The balances instead of being met in money i have been met by returning to this country this countrys prcm aes to pay And he also maintained that by a favorable favor-able balance of trade we shall got the money not promises to pay merely of other nations The same editor says that In all Europe Asia and Africa there is not ten millions of American money invested And the statement of the secretary of tho treasury shows that for tho present fiscal year ending Juno 30 our exports of wealth have exceeded our imports of wealth by 65520304 Of course the owners do not invest this wealth says the very same editor they burn it up or throw it into the sea The lane editor maintains that if the halance of trade is against usif we receive re-ceive more than we send awaywe shall have to pay the difference with gold thus Our claim was that the imports were so murh that they drained our country of gold and silver to pay tho balance For example our exports in 1887 were 752150002 and our imports 753490500 the difference 309058 showing how much more we received than we sent out Of course says the sane editor we sentgold and silver topay this difference Just SOj our export of gold and silver for that year was 22710340 oirr import of gold and silver sil-ver lathe same year was 60170792 Thats the way our country was drained of gold and silver to pay the balanceby receiving 37OCO000 more gold and silver than was sent away Enough is a feast It is not necessary to cremate this alleged argument of a scatterbrained scatter-brained crank after we have kicked the life out of ril and dissected it and then buried it with f acts We merely state again a fundamental truth that drives the worried protectionist editor mad every time he hears of it Americans being efficient workers produce pro-duce a surplus that cannot be consumed here and it must be sent abroad or let go to waste The farmers for example produce each year over 500000000 worth of wheat beef pork etc that cannot be eaten here We send onlyjthis surplus abroad for we should be fools to send ovei the ocean what we could as well sell here To produce this surplus has given employment to 2000000 men in farming alone It must be sold or these men cannot get their pay We sell this surplus for the cheap goods of Europe receiving much for little but when we attempt to bring in the payment for the goods the government seizes one third of it hudj J this confiscation of the goods we have worked for is called protection protec-tion The pufchasb of these goods is effected ef-fected by biU exchange The goods imported im-ported are the pay for the goods exported ex-ported each amounting to about seven hundred million dollars a year as shown above It does not pay to bring back money for our goods as money will not buy so much in this country as abroad so men buy and bring back goods that are in demand de-mand But the government seizes one third of the goods at the custom house and this takes away the profit on importations So the merchant prefers to invest as much of his paymentr abroad as he can and buys shares in English ship or Russian railroads rail-roads Thus it happens that we send away more goods specie included than we bring back our exports exceed our imports In fifteen years we have sent abroad 1050000000 more than we have brought back This wealth is of course invested abroad and the editor of the Tribune maintains main-tains that this driving abroad of our wealth makes us richer He also pretends to bo sane |
