| Show HILL IS NOT A PROPHET james J hill Is losing standing as a prophet in the business world two years ago ho predicted that the country would experience a panic then ap now ho Is as pessimistic as ever the los angeles quotes bihn of the peace in the far east he took a dark and gloomy vew seemingly holding to the opinion that tho normal condition of man Is warfare and that peace is altogether abnormal K not impracticable of our foreign trade in general and of our trade tho orient in particular ti mr saoko in a vein 0 extreme pessimism it one may judge from his quoted rc maiks mr hill be that our foreign trade Is a grievous injury to our interests ag a nation that 11 is foolish tor us to send ships abroad to the worlds markets ladau with merchandise which we expect to sell or to permit ships to enter our harbors bent upon similar missions what business Is there with china asks mr hilll in a burst of enthusiastic pessimism aej then ho answers this poser with tere and conclusive triumph under existing condl tiona ho says there can be no business the cost of manufacturing is too high what goods do we sell abroad agricultural machinery electrical machinery well germany outsells out sells us in the latter and we have no trade at all with canada mr hills conclusions are hardly warranted by facts our total exports of merchandise tor the twelve months ending alth june 1903 amounted to tho tidy sum of our total imports tor tho same period aggregated gre gated thua our total foreign trade for tho last fiscal year amounted to what business Is there with china well wo did some business wile china last year but not nearly so much as we propose to do next year and in succeeding years in a constantly ln creasing ratio our exports to the chinese empire in 1905 aggregated and our imports amounted to or an agg regato trade 0 quito a sum tor a country with which according to mr james J hill there can be no business we have no biado at all with can ada let us ace I nt T wo sold to tha dominion of canada products aggregating in value and bought from canada products to tho value ot a total trade of quite a sum for a country with alch as mr hill sees things through his jaundiced eyes we have no trade at all mr hill ought to know it ho docs not that our agricultural machinery Is in great demand all over the civil iced world and that our electrical machinery and other kinds of machinery find also a ready market though germany may outsell us in some particular lines of manufacture the recent action of russia in removing discriminating duties on our products will greatly help american trade in the russian empire and will no doubt assist us to oven up with germany to some extent |
