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A Statesman's View

A Statesman's View image
Parent Issue
Day
2
Month
November
Year
1892
Copyright
Public Domain
OCR Text

ISpecial Correspondence.] Washington, - Secretary Boster, of the treasury department, found a pleasant surprise awaiting him when he returned f rom Ohio. The chief of the bureau of statistics, although the weather has been very hot, had been rattling around among his figures while Secretary Foster was away, and was able to give him some interesting inf ormation about the effects of the McKinley tariff which even surpassed the expeetations which Secretary Foster had formed as to the wonderful success of that measure and tlie reinarkable prosperity of the country under it. "It is a wonderful showing," said Mr. Foster reflectively, as he leaned back in his office chair and looked again at the totals and comparisons which Mr. Broek had laid bef ore him. "I wonder what the tariff reformers can say to this. It is worth more than volumes of assertions based on theories. It shows that the last congress, when it revised the tariff, did its work intelligently." "What years are taken for purposes of comparison?" asked the correspondent. "The fiscal years ended June 30, 1890, and June 30, 1892. During the entire year ended June 30, 1890, the tariff of 1883 was in operation, and during the entire year ended June 30, 1892, the tariff of 1S90 was operativo. " "Can y ou give me a suminary of the results of the comparison?" "Yes, here it is: REYENtTE INCREASED. "First - The revenue has been increased $51,367,650. "Second - There has been an increase in the total value of our foreign commerce of $310,540,510, as compared with 1890, and an increase of $400,357,384 over the annual average of the ten years prior to 1891. INCREASED EXPORTS. "Third- In 1892 the exports for the first time in our history exceeded a billion dollars, being $1,030,278,030, whrch was $172,449,346 more than in 1890, and $265,142,533 in excess of the average annual value of exports for ten years prior to 1891. "Fourth - The increase in exports of cottonover 1890 was $7,492,449, and $36,772,912 over the annual average for ten years. "Fifth- The exports of breadstuffs of 1892 exceeded the value of the saine exports in 1890 by the sum of $144,437,190, and exceeded the average annual value for the ten years prior to 1891 by the sum of $131,206,224. "Sixth - The value of the exports of provisions in 1892 exceeded the value of like exports in 1890 $4,097,653, and the average annual value for the ten years prior to 1891 by the sum of $27,703,432. "Seventh - The exports of cattle, sheep and hogs in 1892 exceeded the value of like iinports during 1890 by the sum of $3,211,031, and extíeeded the average annual value of the saine exports for the ten years prior to 1891 by the sum of $20,283,071. GOOD FOR THE FARMERS. "Eighth - The combined value of exports of cotton, breadstuffs, provisions, cattle, sheep and hogs, all classed as agrieultural producís, of 1892 exceeded these exports of 1890 by the sum of $159,238,323, and exceeded the average annual value of the ten years mentioned by the sum of $215,965,639. "Ninth - The exports of all other products in 1892 exceeded those of 1890 by the sum of $11,199,860, and exceeded the average annual value of such exports for the ten years prior to 1891 by the sum of $49,420,063. "Tenth- The exports of manufactures in 1892 were $8,884,357 in excess of light exports in 1890 and $39,906,294 in excess of the annual average value of the ten years prior to 1891. BALANCE OF TRADK FAVORABLE. "Eleventh - The valué of our imports in 1892 exceeded tlie valué of the saine in 1890 by the sum of $38,091,164 and the average annual valué of the ten years prior to 1891 by the sum of $135,215,052. "Twelfth - The valuó of free importa in 1892 exceeded the valué of like imports in 1890 by the sum of $192,332,143, and there was a decrease of dutiable imports amounting to $154,240,979. INCREASED FREE LIST. "Thirteenth- The valué of the free imports and also the percentage ef the same in 1892 were the largest in the history of our commerce, so that trade is freer than ever before, and largely of such articles as are not produced in this country and which enter into the daily consumption of the people. REDUCED TAXES. "Fourteenth - The duty collected per capita of the population in 1892 was $2.67, which was less than for any year since 1863 and 95% cents less than the annual average for the ten years mentioned. "Fifteenth - There was a decrease in the imports of the manufactures of wool of $21,016,553, of $13,255,613 in imports of manufactures of iron and steel; in manufactures of silk of $7,513,430; in manufactures of flax and hemp, etc., $2,136,062; in manufactures of cotton, $1,594,330; in tobáceo, $1,176,411- a total decrease of $46,692.454, tlms giving increased employment to persons engaged in these manufactures in this country and retaining ínany millions of dollars at home. THE FARMERS' INCREASED HOME MARKETS. "Sixteenth - By virtue of the new tariff the importations of horses, sheep, cattle, barley, oats, oatmeal, rye, eggs, vegetables, hops, flaxseed and tobáceo during the year 13Í?? v.-ere $20,041,495 less than in 1890, and that ïnuch more home market was given to onr farmers. "Seventeenth - The value of our ports of domestic and f oreign merchandise exceeded the value of the imports in 1892 by the large sum of $202,876,457. "Eighteenth- The reciprocity of the new tariff act has opened new foreign markets, and our exporte to the countries with which reciprooity relations have bwn established have increased by the sum of $10,286,881. ' 'N ineteenth - Established industries have been stimulated and new industries started, which are giving employnient to hundreds of thousands of men, so that great prosperity exists in all lines of trade, while in nearly every other country there is more or less depression. " Twentieth - There has been asteady decline in prices of the necessaries of life, as compared with prices prior to the adoption of the tariff act of 1890. "Twenty-first - There has been an advance in wages. "Twenty-second - The prices of farm producís have increased since the passage of the tariff act of 1890 by 18.67 per cent."

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Subjects
Old News
Ann Arbor Courier