Show I 1 HOW IT WO 1 the mckinley law v cassed Das D abea sed in in order to prevent imbor 14 foreign goods and to sports ports of nc n american products 1 nine nille months ago s t ling ing boo boa fore five hundred peo d in tho ier opera house i lr his city tile the ite republican publican can candidori candid didor pr alvor or con coil gross giess declared the na mi al 11 ti nley aey law WAR accomplishing this thia ui at alt and that this country was I 1 IT M 1 ving the ili balanco balance in gold W c in answer to an all As asser ser 10 1 i by THE JOURNAL that when we t c CL i t 1 rt more I 1 than we import wo we do 3 S necessarily alim receive this balan balandi bala nii it if f trade in in gold lie il a bold 11 tone with a sweet smilee with a captivating gesture k la 11 but under law 0 I 1 iv I 1 r export more roods goods than we ip id jart rt I 1 and we ue u e do receive the lie lal iii I 1 kold gon here are arc the facts arora athe latest report cf f the tile the treasury ellei ril I 1 J v year favorable balance avo adorable avorn rable ble kf 1889 a 03 1890 1892 aw 1803 rc 1 I 1 1 total i il bet et balance in our favor aiji 12 c lol 10 lo that is our exports of 1101 lit 1 rehan ilse disc durin during 0 the last gouryk four yli rs have b b been een one quarter of a bill bijil on dollars in excess of our imbor i this u exe excess es s is what wh t tile the rop crepy alicina bli cina claimed was being paid in J old during these four years ur net loss of gold has been and the drain shows no igns of ceasing on the contrary t 4 losses of gold 0 old under tile the opera to of the mckinley McKin lcy bill have been ii greater each year vear than ihan in an any 0 ol 01 er 3 car in our ou r whole history exe 1864 when the war debt greatly d k our finances IS if the history of men reefa root ds any gigantic fraud the mcki mckie cy law is such a record passed t V accumulate I 1 emulate gold in this countr it will this year drive over in gold out of the country ara it has I 1 been doino doing tills for over three years t the whole theory ot a favorable faro rable balance of trade is a fiction n which at first lodges in every mans m ns mind but w which aich after investigation rests only in in weak w eak intellects the trade balance t veto un r diffie difference rence between bet ex exports arts a and imports of merchandise it takes no account of the enormous N volume I 1 of paper securities stocks tile the like in which in our age age 0 of tasy communication the traffic between men of different nations is is D continual it is i therefore an all untrustworthy index at every step during the whole fifty years covered by the official statistics we have exported more of gold than we have imported although the trade balances during 0 that time have been in our dav favor or by tile the trade balance theory should have given us in this time tim a net gain of the last named amount in gold As aa we have made a loss instead of t the result is out or 01 harmony with tile the theory by no less than GO 0 U 11 G |