The Second Year Reviewed

The seeond year of the Gorman Tariff began, as far as comparison by statisties can be shown, in September laat Thi.s point sbould be remberéd Üècause we note that some Free-Tradepapers have eompared our Septeuib and October foreign trade returnsor tliis year with the figures for the,,iorresponding months a year ago; Their object is to show that we are not importing mueh more foreign stuff than last year, trusting that their readers will Eorget that the Gorman law was also in foree during the saine months of 1894. ïo institute a fair comparison we must go further back - to 1893 - and we give our importe for that and the two subsequent years in the September and October months : IMPORTS OF FOREIGN GOODS. September. October. Total. 1893 46,80S,500 Í5I,769.28J ÍÜS.iT'-'.vJl IS!)4 50,647 SUS 80019,98(1 110,667,684 1895 -. 66,284,989 75,058.818 140,391,301 The year 1893 is the one that FreeTrade papers adopted as their standard. They used to say it was nut fair to make comparisons with 1894. They wanted 1893. Let them have it. Ia September, 1894, our imports of foreign goods were f4,344,000 larger than in 1893. This vear, in September, they were nearly !15, 000,000 greater than last year and alinost $19,000,000 greater than in 1893. In October the increase in imports vas still greater. In 1SÍJ4 we bought over $8,250,000 worth more foreign stuff han in 1893, and this year $15,000,000 nore than in 1894, and $23,250,000 more han in 1893. The gradual increase in he figures of the above table, in each column, indicates how we are buying more and more foreign stuffs the longer the Gorman Tariff is in force. For the ;wo months of 1S94 we bought over $12,500,000 more thau in 1893 ; for the two months of this year we bought from abroad nearly $30,000,000 worth more than a year ago and $42,300,000 worth wore than under the McKinley Tariff in 893. Now, let us study our exports : EXPORTS OF AMERICAN GOODS. September. October. Total. 893 870,014.413 S85-915.677 $156,980,090 1894 57.820.7i7 82,482,4 140.803,159 1895 57,062,472 85,092.383 143,154,865 Here, for the month of September, we ind a gradual decrease in our exports, the shipments being almost $13,000,000 less this year than in 1S93. For the October month there was but little variation, the loss this year being $823,000, as eompared with 1893. For two inonths the decrease in 1S94 was $15,600,900, as eompared with 1893, and this year tbe decrease was almost $13,SO0,OOO. Deducting the imports of the two months in eacli year from the exports, we get the balance of trade m our favor : EXCESS OP EX1ORTS, SEPT. AND OCT. 1893 ?57,S57,2fi6 1894 29 685.476 1S95 1 ,763 561 Where the balance of trade for the two mouths of 1893 was $57,857,206 iu our favor, it was only $29,035,-175 in our favor in 1894, a loss that year of $28,220,000 in two months. This year the balance of trade in our favor was only $1,793,564, nearly $28,000,000 less than in lS'.i-l anl $56,000.000 less, for the Iwo nmntlis, tlian onder the McKinley Tariff. The second year of the Gorman Tariff is, therefore, infiniteiy worse for American prosperity than its first year.