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Show ShnuM our mill owners be able to supply all th6 maun arturrrs of South A runt-Ira, receiving receiv-ing in i menk tbo products of th.it continent, the mill cwner would rob the, lartncr of tliel home nun kct ulso. for South America wll pay In aw Inultuiul products, many or them the same, ai tides as our farms produce, for li luiiimfacl uri'd goods. South America sends a!uost a bdliou dollars' worth of agrl-cultural agrl-cultural ii o is yearly to Furope In payment lor European manufactures. If these were nt tot bp United Bums, our farmers would l. drlveni fr.uii their present home market. This i.H I hf meaning of republican re 'Ipro; Ity, Surely thf farmers will be universally favor-ahle favor-ahle " to tfie scheme. Jf these are tho only grounds upon which "republican reciprocity" can be attacked, we are afraid it will have to stand us one of the great triumphs of modern legislation. Let us take a look at this last proposition. If manufacturers manufac-turers sell goods in South America, the South Americans will pay for them in ngriitultural products. Since the I'nited Slates is now taking a hundred millions or more of South American products, it would bo a long time before be-fore the balance of trade could be turned; no the farmer has nothing to fear from that source. With tho exception ex-ception of hides and a few other articles arti-cles the .South American sends nothing here thai can come in competition with American agriculture, while, under "republican reciprocity" the farmers of the l liiteil Slates can and will find a market nr millions of dollars worth of ineir products every year in rvum Americai Our agriculturists will derive de-rive a double benotit. Their home market ill lie widened by the stimulation stimu-lation of manufacturing and a new foreign for-eign matkot will be opened to them. Reciprocity, "republican reciprocity," if you pi 3o, is all right and the Herald Her-ald is very much a'one in nttacking it. HtXII'KOCITY. Tne Herald believes that extension of trade in manufactured products would be injurious to the American farmer. Its argument is that the Jl'OO, 000, 01)0 excess of exports to over imports from Europe is rendered possible because Europe monopolizes trade with the Latin-American republics. It says: "The balance of pay for these surplus farm products was fSU0.OHi.Uli0 worth of mostly South Amerlcsin tropical products, which were bought by the merchants of Europe and lout to America." That is not a strictly accurate statement. state-ment. The purchases from South America for American consumption are made very largely by Americau houses. The bill of exchange issued iu payment is cleared in London and then made to ettle for English goods purchased by Diir southern neighbors. Kurope does not purchase our w heat and pork bo-cause bo-cause of this condition, and she would purchase no less if it did not exist. The idea that people purchase only from those to w hom they can sell is absurd. It is oi'teu drugged tip in the tariff liseuesions, but no one has ever been utile to point to any foundation for it iieyoud the old tendency of tho ship-siing ship-siing intci ests to encourage interchange .if trade. An American merchaut pur-?ii;is(s pur-?ii;is(s a bill of goods from an Kuglish .iiiuofaetiu'er, while an Kuglish mer-?haut mer-?haut takes a cargo of grain from in American elevator. The two :ran-actions have no connection; ;h(v are not dependent upon each other tul can not be coupled together. The L'uited States has annually purchased ;etis of millions of dollars worth of roods from Hra.il iu excess of sales to lhat country, and we would have taken just as much if we had sold nothing. This being true of direot tradu, it stands to reason that the proposition that tho farmer's European market is dependeut upon any indirect trade is . j still more ridiculous. Continuing, the Herald says: If reciprocity will enable our mill owners to lupply South America with the manufactures aow supplied from Europe through our tarm I'.irplus, then the market of the farmer Is gain Invaded and taken by the manufacturer, |