Palladium-Item from Richmond, Indiana (2024)

November 24, 1900

Publication:

Palladium-Itemi

Location:

Richmond, Indiana

Issue Date:

Saturday, November 24, 1900

Page:

10

Extracted Article Text (OCR)

The Husband Now Pavs Lower reight Rates and Gets More Money for His Live Clinching Arguments Against the Abandonment of Repub man licari Policies Which Cannot Be acts and igures That Are Profoundly Impressive THE TARI ABD REVENUE VALUE THE GOLD STANDARD Money to 25 cents and dressed A CLINCHING ARGUMENT Ad 31 THE BALANCE TRADE 1899 is thus import brings 5 1S00 1 Value 3 or three crops ale Tears MARCH IE97 MARCH 1900 the Adr ni Uhi J4 31 It bat i 12000 iOOQ arm Hom 4 ree trrde result in giving oar money our manufactures and our markets to other nations protection keeps money markets and manufac tures at home Maj McKinley at Beatrice Neb August 2 1892 lltwacs Mules 'OWN 1 hxwfi Knttpr Lheeae Live HarrisonS Administration Cleveland's Administration product' nrn No 2 Mhtmt No3 You may try the system of pro tection by any test you willj I care not what it is and it meets every emergency it answers every demand More than that it has not been against the Government either in peace or in war Maj McKinley at Niles August 22 1891 IWHHOCO I641000u Harrison's administration EXPORTS OVER IMPORTS Corn Ueta arna price 3331 TxS4r 24 91 aHaciqns Belief That the Democrats Would Not Change the inancial Policy Sfeeep January 1 IxM Hoga January 1 1167 4 13 Words will not paint the The American people hold the financial honor of our Government as sacred as our flag and can be relied upon to guard it with the same sleep less vigilance rMaj McKinley to the Notification Committee 1896 A DAM ni strati orZ 895 896 1897 1898 699 Government disbursed JS1T71J66 M'htlg holders of such bonds were given until December Ji last to present them for redemption offerings to the Treasury ceased substantially about December 5 the price of the bonds having advanced in the market to a point one and one half per cent nlgher than the price of feted by the Government EXCESS OYER 1 1 I I790 to MARCH 1897 How It Has Contributed to the Prosperity of the Country The ree Circulation of tb 1 luvvr Wed lotion Word HkiOiu corn Hops 6t Mlfli seed The tremendous balance of trade in favor of the United States during the administration of iPresident McKinley di rects special attention to! the necessity of building an American merchant marine efficient to carry put the goods for which other countries are waiting and the possibilities for trade with half civilized portions of lite globe Into which the American soldier and tollowing him the American merchant have entered ac centuates the importance of early de velopment At the present) time thdre is paid to foreign shipowners the enormous aggre gate of between $17500000 and J2ouoiA (100 for carrying 92 per cent of the na tion's Imports and Only 8 per cent of the foreign carrying trade is in American bottoms Our foreign com merce employs 'nearly tons of shipping about 850000 tonfcf of which is tipder the American flag apd of tills five elgtitns is sailing shipping' ive hun dred millions oft dollars would be re quired to replace with American the for eign ships now engaged in utir foreign trade The building of new ships and the repair ol old ones would Involve an annual additional expendititfle of J50OW) I I 1SS 7 Bushel Tfi2fHn60a 798958 WV trntR rrtctly A Tfao abore are Chicago market otatlnoa New York Quotatluua I i pacity Such foreign built vessels as were owned by American citizens prior to January 1 1900 are to be granted American registry for ten years and to receive one half as much compensation as Is paid to American vessels if their owners build and put into operation American tonnage equal to that ad mitted American vessels built subse quentp January 1 19u0 jare to receive compensation twenty year con tracts as are such vessels as were prior to January 1 1100 being built abroad for American citizens provided equal tonnage to that so built shall be built in the United States by i their owners The act remains In force for ten years Payments are not to exceed nine million dollars a year Should the amount due the vessels exceed nine million dollars then the act provides for prorating the amount to be paid to each vessel so as to keep the payment within the maxi mum sum provided This provision places no limit upon the number lof vessels that may be built in the United States and share in the compensation It only limits the total sum to beannually paid Nor does it admit nnv foreign built ves sel to American registry subsequent to its passage its purpose Is to secure the construction of all the ships Hereafter re quired for our foreign carrying in the United States The rates of compensa tion arc uniform for all vessels sail and steam under twelve knots speed and are fixed at 14 cents per gross ton per loo nautical miles sailed outward and I Inward for the first 1500 miles on a for eign voyage and 1 cent per gruss ton per loo nautical miles sailed thereafter or vessels over twelve knots speed extra compensation based upon extra cost of operation is provided All ves sels are to carry the malls free of charge One fourth the crews nsustbe American citizens and for each 1000 gross tons of shipping one American boy is to be carried and educated In seamanship and navigation Small bounties are pro vided for deep sea fishing vessels and their American crews The bill provides that the vessels receiving compensation shall be available for charter or pur chase by therUnlted States whenever needed and no such vessel can be sold to foreigners without the consent Of the Secretary of the Treasury Call the roll of nations which are for Protection At least 430 million people are in favor of protection and 38 million Britona aare gainst it to whom must be added those Americans whose num bers are not known who while living under our flag seems to fol low Maj McKinley at Toledo eb 12 1891 to any unprejudiced mind that In cae of a Bryan victory this ar the United States Senate could not belisafely de pended on to prevent the reversal of the existing financial law before the end of the Bryan administration 'And there would indeed be serious I danger of such a reversal In tho or second year of that administration The value ot the gold standard to the country sis shown iri the effects of the new currency law passed bv the two congresses since McKinley's election It has done for our currency! what the Dingley act did for our Industries and given stability Ilcontldence activity and prosperity Already there have been nearly applications for permission to establish national banks with capital of less than JfAOOO each showing that many communities where nu national banks existed will now be given the advantages of this service and the Increase in national bank currency already amounts to many millions of dol lars il 000 Three times as much more would be annually disbursed by these American shipowners for the maintenance and operation of theiri vessels ully 250 0W additional workmen (supporting a million people) would find employment If we built and operated the ships employ ed in our foreign commerce There are several reasons why Ameri can owners do not build and operate ships In our foreign trade namely: 1 It 'costs 25 P'er cent more to build ships in the United States than it does abroadThis is due to the irregularity and un certainty of employment and to the higher wages paid in our shipyards as compared with those abroad With a steady and permanent demand for ships we should through economies that would be Introduced and efficiencv attained soon be able to build as cheaply as abroad maintaining the American standard of wages 2 It costs from 30 to 40 per cent more tn wages paid and tood provided on American ships than it costs on for eign ships 3 oreign governments) pay more than J2o000000 a year in mail sub sidies subventions construct Ion and nav igation bounties naval reserve retainers and other aids to their merchant ships Great Brital 1 paid last year In this way J5851187 Germany paid JI 894 620 and has greatlv increased the amount this year rance paid $7832242: Italy paid $2185 26H: Russia paid $1371187 Austria Hun gary paid $1724249: Spain paid $1629927 and Japan paid $3492107 It must be obvious that iunalded American ships cannot successfully compete with foreign ships possessing the triple advantages of cheaper construction cheaper opera tion and government aids To meet the necessities of the case the Republican party has persistently striven to secure the passage of ti meas ure destined to build np American ship ping for the foreign trade and to that end has supported the Tavne shipping till which embodies the views of the friends nfi the American merchant ma rine in and the recommenda tions of IJresldenti McKinley and which has the Indorsem*nt of nearly three hun dred of the most representative com mercial and agricultural associations in the country This measure is now pend ing and the result of the election will Sshe under consideration In Tl'Ji5444XXI i lai a In the discussion of political Issues and the possibilities of a change in ad ministration some lukewarm Republi cans are occasionally disposed to regard the financial question as practically set tled and that there little possibility of the Democratic party being able to make radical 'changes in the financial policy of the government This belief is fortunately confined to only a few peo ple but it is pernicious one and cannot be too soon abandoned The Oold Standard 1 A writer on this subject speaking ot a possible change of bthe gold standard says: Tot Insure the safety of I the finan cial legislation of lust Winter Mr Bryan must lie defeated in November His elec tion would be an unerring I Indication that the control of the United States Senate would pass into theil hands ofthe foes of sound money on March 4 1903 half way through a Bryan admin istration and it would also indicate withJeSs certainty such a disaster! on March 4 1901 at the beginning of tht Congress to be chosen lids year Moreover the election of Mr Bryan would also be the election uf a House of Representatives a majority of whose members would lie pledged to the repetal of the gold standardi act and to the: enactment of a free coinage law In view of these facts it must appear rvi Yr 1 of the increasitrl piirtatiim ot foreign wools and tlpe in uric the number and value ol nsl 1100 J67iU41nOO Tusl'oor I 24VI2500O 25511100il from $47000000 in is'Xi: cotton from $24JOOOfiOO in 1896 jfiaOUOWX) tn while in all these Into vouru I PROSPERITY! THE AMERICAN ARMER I 4 I I i 31' fl" 1 I I 4 His Markets BetterThan Ever Before and Prices for arpi Products Largely Increased as Well as His Crops Wheat Consumption at Normal igure kliins it exceeded that figure being ill 1883 und 1885 more than six and one half IJush vis per capita and seldom falling below live undone half bushels In the yem 1893 however during the depression which immediately followed the eiegtli pn of a Democratic President and ajlftee trade Congress the per capita consumption fell to 485 bushels iqjTUl to 341 bushels and In 1897 was butfh tls Immediately following ths rnfpuul of the Wilson tariff there was a mitrlthd Increase in the per capita eonsumpihin and in 1899 it had again about reqetji Its normal figure being tor that ytii 595 bushels per capita jz SHEW AND WOOL VAUUEBy ft Is not necessary to multiply illjp trutlouB to show the reduced cunsumuug power ot our people under tho which accompanied low tariffsbut ftffurt'A prepared by the Depart nientt Arfrieulture showing the value ot ertfp and of farm unlma'j indicate somethrpK of the tremendous losses to the farmer wldeh accompanied and were the irAt? fruit of the low turlff vih rpont ot iWS IMT I Thkc "the pintle item of wool Thei WB on law as Is well known gave thoconn tv in the Item of wool an exampleof the effect of genuine Simon Pure lenio ratio free trade It was to the tree trde irdud I ho one iv leemlnx feature of tat net whoHo feeble attempt at 1 etainjn a shadow of protection was denounet dus an of pcrikly and Under that act linportathmstuf wool which had never butg qaiiee reached so much as L'kXKXiO pikukrds ven in its very Hrst jvar morejf than pounds ami in us closing ar exceeded pound As a oucnet wool tell nearly 30 per 'CekttA In vi uc the October price ot smashed iiig 10 Her ce wool meHum draping from 33 cent per pound in 1S92 Hop U'nU but inct easing to cehtlu l71niiuellaiely following the ueeiive lariit unuer uu: and to 333 cents ip th1 BusheU 2o7473iXM vx butt 140 Ovo Grade quoted No 2 in utore Nu 3 Spring No 3 in Bture 2 In store air to Kxd malrlpg boli'p Burbank fro just completed Its annual live stork census and takes pleasure In submitting ine result or its invesurattnn because shows not only further substantial in provement during the past year but th highest aggregate vahmtjnh of farln liv stock ever reported Not only has th the Orange Judu armer whftjh has 21'373 kHKi Arv unfailing indication of the prosperity of a country i is its balance of trade As exports exceed business flourishes and foreign trade EXPANSION Democrats Desired More Slave Ter rltory Republicans ootholds for Commerce The Republican view of expansion dif fers widely from that which controlled the Democrats in their ambitions for adding territory and especially tropical territory What they desired especially1 in the case of Cuba was additional slave territory and additional pow er in Con gress through Increased number of slave States The Republican view of expan i sion is to secure footholds by which our i commerce will be protected and extended The territory which has come under thf i I I mi lil npither will they add to the matenai evidence or rural prosperity presented above "Or ange Judd congratulates the American husbindman upon hts dv served prosperity and equally congratu lates those who de business with hint Generous in his prosperity he will share it with alLl Our protective system was never in rebelion against the States it has always been for i the Union and against its enemies whether at home or abroad it ihas always sustained the flag ofth Hen McKinley: at Woonsocket Conn July 4 1891 1 i JL date It is an argument against1 the abandonment ot the Republican policies which cannot be met The following table shows the current market price of different staple crops on Jurteil 1896) find June i iuuu: lereal crops in 1898 and determine whether it is to become a law or whether the present conditions are to be allowed to continue or possibly grow worse The Philippines! are first in the con sideration of an expanded market for American manufacturers They can first of all supply a large part of the $350000 000 Iworth of tropical and subtropical product which this country annually im ports Hawaii and Porto Rico assisting and they will immediately supply a mar ket I for from $30000000 to $50000000 an nually The fact that our own exports to the Hawaiian' Islands have grown from $5907155 in 1898 Ito $13509148 in 1900 indicates the growth in the Importations which may also! be expected in the Will j' Increase1 Opportunities for Trade Ninety twb Per Cent of Vessels Jfow in Export Trade Are of I oreign Register 597 3N7OuO fKG4 UNU 2t13u7XiO MORE AMERICAN SIliPS NEEDED Effect of Low' Tariff The same writer speaking of exports and the tariff says: 1 i The DemocMitic claim ithat a pro tective tariff is disadvantageous to our export trade and that a low tariff would increase our sales abroad dsi worth ex amining This is one of I me standing arguments of the Democrats when the tariff is considered that 1 protective tariff works disadvantageous! to our ex port trade "If you do not buy of a country you cannot sell to it" is their constant assertion: and hence they argue that a protective tariff which has a ten dency to reduce markets injures our for eign markets During the lixlstence of the Wilson low tariff they pointed with especial pride to the Increase lnthe ex ports of manufactures though they were silent with reference ilto the re duction of exports in other lines During Cleveland's first term although by reason of Republican control in Con gress a low tariff could not be en acted exports of agricultural products fell from $319269449 in 1883 and $530172 966 In ISS'i to $181974695 In 186 the first fiscal yearof hist Presidency while in the first year of his successor President Harrison they reached $629829808 and $798328 232 dropptur again in I Cleveland's second term to $553213026 In 3895 and $369879297 in 1816 and increasing to 5853 683530 tn tho first fiscal year' under President McKinley after the repeal of iho Wilson low i tariff act I The years 1878 1899 and 190U following the repeal of low tariff act show In each case a large increase over any year under the Wilson act the fiscal year 1900 bringing the exports of manufactures! beyond the $4'UOOWK line or more than double the average exports of manufactures duringthe existence of the Cleveland low tariff 1894 1897 Money in Circulation The close ot the fiscal year 1899 mark ed an important change in the course of the public finances' The national Treas ury had begun at last to feel the Influ ence of the revival of commerce and the industries under the revenue legislation of lheiifty lttth Congress dnd with the closing month of the last fiscal year the Govtrrment receipts showed a marked tendency 'toward improvement The wider actlvltses we have beert enjoying have been reflected mdnthl by month since the opening of Ute current fiscal year by increasing receipts both from customs and Internal revenue Six months of the current fiscal year have now elapsed for the half year end ing December 31 1899 there was an ex cess of reci over expenditures aggre gating JfRttSSTw This absorption of mon ey from an active use in trade and com merce into the Treasury where it could serve no present useful purpose was the source of apprehension toi the pubil end of anxiety to the i department To get this money In circulation Secretarv Gge offeree to buy fdr the slaking fund any part all of of those Issues ot Goremswnt bonds' first matur I the 5s of 1X4 rund the 4a of 7 the total outstanding 1 ues of which amounted to WAtZO4iX) The price et which th GovemmenU would bur these bonds re fixed at the current rrarkit trice ot thr day preceding the Ennoun men' i aue ion kept open until December 23 1839 cmy $19 3x) ot the bonds were rent's! for sale in response to the partment's offer lb the purchase of this amount PRODUCTION GOLD Enormous! Increase In the Permanent Stock of This Ac cepted Money Metal The production lot gold Increases each ydr and inasmuch as it is not destroy ed or consumed like many other com modules the additions from the mines annually Increase the world stock of xh vmaSa! avzwinHtiif thrt AmAll tllV lllVIlVTi UlCiai rovspi proportion which Is used up in the arts the proportion thus saved averaging 7 i perhaps 20 per cent of the world prod uct Keeping this in mind it will be seen that the result of the last halt century of gold production In the total amount mined is more than twice as great as that in 350 years preceding and has so enormurjsly increased the perms nent stock' of this accepted money metal that It seams of itself to offer an flnipor i tant if not a complete explanation ot the fact that during that half century in which the product has so greatly tn creased practically aTl the nations ot the world have abandoned the double stand ard and adopted this rapidly increasing and accepted measure ot value The arguments made In 189J that them cculd be no sufficient addition to the cur rency of the United States without the fret coinage ot sliver and the assertion of Mr Bryan that the Republican party had made no provision for the neeessary syj awful shrinkage tn this form of! farm wealth between 1892 and 1896 been en tirely recovered but the aggregate now passes any previous record Tol show the previous high water majlk the low water mark and the present advanced shore line the accompanying table pre sents tn detail the aggregate valuation reported tor em elas of stoekon Janu ary 1 1S5 and isss maooo I The country is altogether too busy with active industry and thriving i commerce to listen any longer to the prophet of eviL President McKin ley at Superior Wis Oct 13 1899 for tnree erops aio ic he has1 a neat little surplus of $66 4 17 Ufa) He hasiabout bushels mon potatoes than he tn ed in 1898 and his whole eiiop is bringing him 10 to 15 cents per (nishvl more In Illinois mid out in Kmi'uis whee broom corn comes from the (honest Slower swaps his bau ot ozusn ior an equally large bale of greenbacks a mat ter of $l5u a ton for crop that a few years ago he sold for $40 and this too for a crop the largest for: some years So it runs Ini butter cheese pmiltrr hav small grain nl up in price with liitreas I i re Jinf ih STOCK IN 1896 AND 1900 I As a uoncluding' argument fori consideration we quote THE RISE AND ALL POVERTY The diagram shovs the aggregate numbers of admissions to Lodges byydars and the second the total applications for retpf at the 'district other of the Philadelphia Society for Organizing Charity In both charities the number of aided grew rapidly during Cleveland low tariff adininisiration and declined rapidly in President prosperity administration I i i No (t Crwauier)' first ull rivam ubotac Heavy packing liutcbor steers Westerns Prlma contract ft Mhhdliu: nplaiMls Tub washed 8 Self working fair Uo wood State cbolq Gennnn irsts snlctly A isw JH222 52NS0 oitO 2O4iU2UUO i 'n nrw One more argument is needed t6 fuhv illustrate the present position of the stock owner i It shows the average price per head at the lowest point of the JHTheiU pliCl percemage of the Herses January 1 ISS7 JUS US Myles January 1 fsS'8 34 4Ut Cows January 1 21 4 increase of $42000000 of currency per an num which he said Secretary Sherman had asserted would be necessary to cor respond with the increasing population have been more than answered by the events since that time When Mr Bryan was making these assertions the amount of gold and gold certificates in circula tion in the United States was J49844924i (July 1 1896) and on July 1 1900 was $815474461 the bta1 mhney in circulation on July 1 1896 was $1509725200 and on Julv 1 19o0 $2062425496: and the money in Circulation per capita July 1 1896 1 $2115 July 1 114X1 $2650 Thus the pr capita of money in circulation In ths United States has Increased 35 per cent the total money In circulation 3 per cent and the gold In circulation 62 per cent since the supporters of the silver theory were telling the country tho nnlv bnsthort of th AaS currency of the country and bringing about prosperity was by the free and un limited coinage of silver at the ratio of 16 to 1 The increase In currency Instead of being the $42000000 for which he said no provision had been made has been $125000 000 per anntrn and nearly all of it under the laws which existed at that time: 1 tM'Tnp'tnylmr reduction nearly ouff hslt: in price the number and value of ntlicep on farms wac sratly reducedThetlnum her of sheep on farms in 1833 was 117273 533 and their value $125909264 Bit 183'1 i liiinr had fallen to and tlic fiiltie tn $63167735 the actuaHvaiuv having thus been reduced about 004 1151 meaning a In sheep alqne of ivnrly jt'o OCA000 to the farmer while th! am nttll loss in his wool clip during that time vns eo: I'espondlngly great The vajuq of 'the foreign wool Imported to 1S93 htW Jiot lor munv tears reached much ty t'OOxi but In 18 tt had cxeetde K5 In 1896 exceeded $32i'4'A' io ivu hist vear of the existence of she Wilsbn law was nhlle imports nr yiooien eoods which In 1892 antotlhl to 8351x 41 000 Were In 1896 $5SlW0 tend in the iHeal year 1897 4: 300000 A'AIUE OTHER ANIMAsji It" i not 'in sheep alone that the tyaiue of farm animals was affected bn Lhe low tariff and the depression whwyi AYmpanted it The value of viirtpus classes of farm sinlmals are report(Mfjby uhe IVpartment nt Agriculture intieheh vyear from 1825 to 1900 Horses farms fen from more than 'iamiarv 1 1893 tn Qid on January 1 1S97 a Iqisifjot fcxwAXVtxx nis one item uunng five teats under consideration In tnHJiio lai IM fell from JlTSftxXOlX) in iSSSS' J92txW000 In 1897: swine from jeilAXlXX' til 1892 tn $166000000 in 1897 and 0fWtll farm animals the value fell from on January 1 1802 to $165514 on January 1 IS97 a loss of white the figures for January 1 1900 sliftnv that the two biUion dollar line has again leen crossed by the restoration ot values accompanying Dingley protective tariff and the prosperity which it brought the farmer by increased home epn sumption as well as increased fArejign markets The a well known publication in a teemt number says that the live stock of pho country in 19X is worth JTWMOW Imltre than it was during the years of depjs sion under the low tariff acty' ARXt CROPS Much of the value of farm errips Is due to the home demand and this hfne demand is determined by the eannt'cs and consequent purchasing power of if tli viduals and their earnings and purclfAs Ing power are in turn dependent upon'yie prosperity and activity of manufactures and business generally Tho value ot corn produced in Jiie nited States under the low tariffs'll from i842uuutxX' tn 18SJ to M9liXxiiXXa In 1896 although the quality of the tn 1SP6 was greater than in 1832 thatjof wheat from $51XuOOOOO in 1891 to SW in 1844 and E37t4MMl in 1895 retxgu ing to $4280UUX)0 in 1897: oats fell in vcue from $2WUOOUM) in 1832 to JIXLWOOOOS in7(896 rye from JlaW 00t in 1893 to than S16flftJftK tn 1896 barley from $45 I MlflOO in 1S91 to $22tM)W0 in 1896 tobaqpo ItriS to JNOOOOTO 1V I $3260t0(X0 in 1 1832 lX Iand potatoes from to $72CX' in UA) se I ho figures' for later years show a marked increase in values over those under the Wilson act 1 I 1 LOWKR REIGHT RATES One of the important facts luf interest to farmers Is that freight raUts have fallen with greater rapidity than prices of farm production The average ratg by all rail in 10 was 333 cetit* per burirel and in 19 111 cents a fall of 6i 2 3 per cent while the rate troin Buffalo to New York bv cabal fell from 112 cents per bushel In 1870 to 3 cents per btlrehel in 1899 a reduction ot 73 per cent fetgnt rates from the acllic Co tat toiw York show a reduction of $0 percept reight rates on live cuttlej from Chi cago to New York fell from 55 dents per loo pounds in I08O to 25 cents in 18l9 hogs from 43' cents to 25 cents sheep from 65 cents to 25 cents and dressed beef from 88 to 40 cents while refrigerator ear rates on dressed 1 hogs fell from 59 cents in 1837 to 4' cents in 1899 reight rates on wheat from i New York to Europe also show a marked reduction 8 IL AN TH A The Democratic party in 1896 made an assault upon our financial integrity that laid a heavy hand upon the already sorely afflicted farmer The domestic market for farm crops was given uqilnal blow 6 through the cassation of all business enterprise and prices of Ifarm products fell lo it point where produc tion was not only unprofitable but! at a loss American history fails to show a mote distressing condition of the Ameri can farmer than was presented when the Republican party met In (convention in June 1896 Business was I paralyzed labor was idle capital retired farm Philippines whenl a permanent and lib era! form of government shall have been established there and the consuming power increased through a development of the producing and exporting capacity of lands It is fair therefore to assirjne that the! market which these fslahjs will afforil will soon reach 150 annually and maty be doubled as tbeli producing capacity develops Ncm least in importance is the fact assure an open door to the commerce of '4he i Orient the imports of thei iountricH commercially adjacent to the islands being about $1200000000 an nuaAy Tbn hill was drawn to meet every re quirement of the case Conditional upon thei bull Ung and putting into operationf new tonnage equal to 25 per cent of that which compensation js sought owners of existing American vessels are to obtain a contract from the Secretary of the Treasury entitling them lo a fixed amount of compensation for ten years so long as their vessels a rec in operation for the foreign trade and carrying ex port) cargoes equal to one half their ca control of the Government In the Gul of Mexico is of supreme Importance Iri guarding that approach to the mouth of the Mississippi River and a great lath mlan canal which the Republican party Js pledged to bring into existence and a bill for which haa already passed tho House of Representatives The' Ha waiian and Samoan Islands are of equal importance In relation to the commerce of that great Pacific Ocean which la ate tracting bo much attention The Ha waiian Islands form the only way station and satisfactory harbors in the central Pacific while tho harbor of Tutuila in the Samoan group which has recently become a part of the United States recognized as the finest In the southern Pacific and probably the finest in the entire Pacific Ocean With these two islands as way stations 3 for coaling watering repairing and re eelving telegraphic orders vessels: can satisfactorily engage In commerce be tween the L'nited States and the Orient and by making the Philippine Islands a great entrepot for American products can command the trade of the Orient as Great Britain commanded it In former years and much more successfully than she does now by reason of greater prox imity and greater facilities for pro ductng articles which the pedple of that country desire The countries lying with in easy reach ot Marllaiaa a point ot Japan Asiatic Rus sla rench Indo China Siam India and Australasia contain half the population of the earth and have an annual cotn f' merce of more than $2OuOOWXiO Thelf purchases alone amount to nearly annually or an average of about $100 ftxjOCo per month and at ths present time the United States sup plies but 6 per cent ot their purchases Yet their want Include all the articles which we have to sell Not only is this the cgse but they are rapidly coming to recognize the fact that ey can oh tain more satisfactorily from the United States the articles they desire than irotn uvs any other part of the world American flour provisions tobacco cotton and cot ton goods and manufactures of all kinds are rapidly making their way Into the Orient and are as rapidly excluding those which the European countries have Leda supr'ying them Our exports to Japan have increased from $5273501 In 1WS to $29087642 tn ths fiscal year 1900: to China from $3 254 934 In 1889 to In 19J0 to Hongkong from X3t64224 In 1889 to $84155 In to Britlxh Australasia from $7576336 in 139J to $26725702 in I960 and to all Asia from J2L534847 in 1833 to $645)12 in 1900 and to all Oceanlea from $1S 081021 in 1839 to $4X390927 in 1900 Even with thia rate of increase we are as already Indicated supplying but about 4 per centof the' total purchases of that enormous population grouped around Manila a an entrepot and point ot dis tribution for our merchants and mams facturers To the Islands with which we have come tn closer relations during the last two year cw export show a rapid growth i To Porto Rico the exports ot tiro were $4640431 against tl9afiM4 in to Cuba In 1M0 J265U6U against J7J966U in 1336 to the Hawaiian Islands in 1SW 35O912R in MWL and to the Philippine Islands JX9W 443 tn 19X) against $69459 tn 1837 an In crease of nearly 260 per cent in the to tai to the four island divisions This opportunity for expansion affects I eveTr prcri' icer every individual engaged in form of agriculture' In mining in manufacturing in transportation and tn commerce The people of the Orient de mand ficur meats and dairy producta cotton and cotton goods and all kinds ot manufactured i articles and tn recent years they have shown a preference to product of the United State values his foreclosed mortgage sales thel onlyi active man in rural communities (That convention itself squarely up on the side of national honor nominated a man whose whole life work was sum nicd up in his trenchant declaration American mills to American wiiAmen' With Mr Bryan's nomina tion the issue was squarely joined' be tween trecl silver and the gold standard and presented to the American farmer tor settlement one candidate offering a debased currency a cheap dollar the other standing for sound money! pro tection to American Industries and full employment tor labor at American wages The vote of the great farming States of the West elected McKinley and the results prove that rural pros per iy followed WHY THE ARMER SMI LES igures are proverbially dry but some times they: tell a more eloquent tale than silver tongues or gold pens I Just now they relate an amazing stopy of rural prosperity "Orange Judd an eminent authority through lts crop reporting bureau makes a tew figures and is willing they should speak for themselves The tlnattelal result to the American farmer of ills three principal com Vfi' 'J' 4 No class of citizens Is more deepl In tree ted In the continuation of lhe5 Re publican administration than thq Agncr ican farmer It is a mttter of(hletory that rural prosperity and Pcpubican rule are coincident is equally a ter "of record that agricultural de preskloH mortgage foreclosures and low prices for farm produets accompanyDemocratic administration of national affair The prosperity of the farmer depends upon the piosperity ot all other industrial element ot our population 'When the industrial classes are em ployed at American wages their 6n suniptlon of farm products la on atUlb erai scale and they are able and wijllng to pay good prices for the necessltlcand luxuries ot life Under such conditions there a good market for all the farmer has for sale When the Is true and workmen are Idle or working: scant time nt cut wages they are forced to practise winch ing economy and the farmer necysarjty loses part of his market The American farmer is prosperous when Ael1 Pd workmen are carrying weil flUcd dln4r pails a condition which has accompanied Republican supremacy since the birth the Idle men tramps and oM bOUKcs familiar sights under Democrajlc rule furnish but poor markets for farm produce During the last four years the? farmer lias shared with the business man the manufacturer and bls workmen the rail ways and tliefr employees and the va rious classes of our citizens the gen ral prosperity following 'the return 4to protection His markets have increased both utl home and abroad and with this increase have come advanced prices for what he sells and advanced value of which he retains On ail farm products the rate of duty was reduced by th Wilson tariff and tn most cases that pthe McKinley tariff was restored by the Dingley This Increase has hari (Js fleet 'In checking the importation spf 'manufactured articles of farm prudiu' tlon and thus hast saved to the farmhi 8 a share ot the home market tv px THE WHEAT CONSUMPTION I Prior to the election of 1892 and the depression which Immediately followed I It the amount of wheat retained forco4 i sumption In the United States was about LdV bushels capita On wne tjeca I old into the country A very striking example of the growth of our export trade' under protective tariff is found in the fact that the excess of exports imports in the first thre years of President Me term from March 1 1897 to I I March 1 1900 was nearly four times as much as I i I the entire excess of exports over imports from 1790 to the date of his inauguration ThCibest sl'nwtng of the change it the vonilltlon of tlie farmer between (lumlnatluu of Mr McKinley and hl rr nominntloti is a simple statement of the prkes ruling for farm staples at pafen admin iSTzyri on iniStp avion I89O I89l I89Z 1893 189'4 ifl5 13961897 1898 1899 Protection has vindicated itself It cannot be helped by eulogy or hurt by defamation has worked its own demonstration and I presents in the right of the whole world its matchless trophies Maj I McKin ley at Beatrice Neb August 2 1892 iJ 'C'jLL 12 yw a 1 1' LL vLL Lf I I 1 7 March 4 Lt ffi lllmaii A 'W 'X71' 1 a zlsi I WX iA VLLwyCAR kekcESs 71 nil mJ 1 I I' 1 Ik 1 I Xi Bl A Jx i iy ll I I Il AVk $1483 Il 4 1 a wb I P'M' LJ 1 IAK I 1 PQ I 0S Jrp 1 iSUJ sOBtef ft I i I I i I 4 I a LJ 'L i' 1 1 A IL '1 1 'j I ti 'di 1 ii 1 a i So 3 OOO 7 y1 i 'S3 1O00 30000 1 2800 o' i '6 30 I idooo JI 24 OOO "1 I 2 2OOO I 7 12 (SV 1 I f000 1 1 ja'000 1 ilhOOO I I i iMjOoO z63( 1 11 1 i 1 i I Li 55fiO56 53422 356 3000 28185 June I lt96 Juue1i00 jn rcf Busb 2 1 $0 3 1 1 LBnshi 57 13 1 Hutthl 17 21 I 23 1 Bnsbl 33 53 ll Cl 1 Biiflbl 28 140 I 43 Bunhi 28 40 i 43 Ion 0 25 11 5 i 24 Buslil b2 110 lab I 1 1 I MS 2(5 Lb 2r i JOO lb 3 25 5'12 I 5 1X lb 3 56 8 32bi I 22 i 1W lb 8 25 4 53 1(M Itk 7 40 7 50 I 1 i lb 7 5 (H I 20 4 Lb 16 29 I 75 I Too 32 50 180'00 454 I I b' 7 12 72 inoib 8n T2O i 50 Dnz 9 8 ept In case nt cotton and Ihius which I shrunken and Sheriff il with.

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