Salt Lake Herald-Republican | 1913-08-27 | Page 14 | Income and Outgo

INCOME AND OUTGO i 0 emanates from national go government NO source report with as great as ns that rehearsing the X with t trade compared n as Its increase in our export the import For years scars YC such report apart has been the pride t of ovary every Secretary of tho Treasury and unel now that of Commerce his pleasure in it itis itis itis there is a u Secretary is as great grent as ns was that of his h s predecessors Mr Vil Vilson's sons sons son's Secretary of Commerce has been no exception to the rule ruler his bis monthly bulletins of the increasing increasing balance of trade in our favor or are arc issued with a n complacency complacency com com- but unexplained that argues his instinctive e belief that ho he and his department have ha something to todo todo todo do dovith with it The 7 joy with which these e reports are issued and received lies in the fact that thoy they prove pro we wo are aro selling sell sell- lag ing more than we wo buy that tho the money we send abroad is much less lees than we le receive from the tho foreign consumer con con- sumer and that we are thus adding to American wealth The Tho individual whoso whose hose income is greater than his outgo is fortunate and tho the nation which con- con experiences the some same pleasurable sensation is is no loss less happily placed The circumstance that creates I and maintains this condition would seem therefore to II deserve o 1 well ell of the tho American people And this thi circumstance is tho the Republican protective tire tie tariff The tariff f wall has hM operated to minimize the import importation tion of foreign goods it has hns encouraged I American in industry and stimulated production until wo we manufacture and otherwise produce more than we consume consumo While Whilo a n beneficent tariff has clogged tho the stream of foreign goods into America we have haye been increasing our exports We have been hourly growing richer at the expense of the tho remainder of the tho world and that is the artificial stimulation of prosperity concerning which Mr Wilson has complained and isnow isnow is isnow now in the throes of removing That balance of trade in our favor or adding to our national wraith w will not long continue Mr Ir Wilson is taking down do 1 tho the tariff bars bar Even en if this blow did not cripple American industry and curtail American production as It inevitably will vill and our output continued continued con con- we could not keep Pace poco with the tho foreign products products prod prod- nets that will stream like a n. flood ti tide e through our custom houses And our wealth will begin to leave e