THE HOME MARKETS FURTHER CONSIDERED. 1 23 



of their extractive industries. The United States, with a 

 policy, one of the objects of which has been to create 

 home markets for the products of the farm, sent to other 

 nations (principally Great Britain) during the six years, 

 1875-1880, of the products of the farm $3,114,785,000, 

 and during the six following years, ending with 1886, 

 $3,453,323,000, or about 72 per cent, of the total exports 

 of the Republic. Under protective legislation there has 

 been no diminution of the volume of the substance of this 

 outflow, but, on the contrary, a vast increase. In i860 

 the proportion of United States exports other than manu- 

 factured goods was 83 per cent, of her total export ; in 

 1870, 87 percent., in 1880 it rose to 88 per cent., or a total 

 volume of $685,961,000 ; 73 per cent, of the total in 1888. 

 In the revenue-tariff period, or in the ten years between 

 1850 and i860, the growth of home manufacturing indus- 

 tries reached 88 per cent., while in the extremely high- 

 tariff period, i860 to 1880, or in 20 years, the increase 

 was only 139 per cent. The export of manufactured 

 goods increased, in the low-tariff period just mentioned, 

 to the extent of 171 per cent., while in the twenty years 

 which followed, the increase was only 90 per cent. 

 Farther than this, we are not aware that the yearly 

 export of manufactured goods from the United States 

 has ever risen above $130,000,000. These facts have 

 special significance to the farmer, for they go to prove 

 that, with all that has been done to build up the nation 

 through the manufacturing industries, these industries 

 have done nothing to bring wealth from abroad. The 

 whole burden put upon consumers through inflated prices 

 of manufactures, has been borne by one class for the 

 benefit of another. And we must know that the farmer 

 has had to carry a good part of the load at every turn. 



