Protection

cent, trade, free and political

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The general movement of American indus try to better conditions under the protective policy is shown by some statistics of our national position at the beginning of our long est period of protection and the last national census, 1910.

1860 1910 Population 31,443,321 91,972,266 Wealth $14,183,000 000 8167,579,806,316 Share per capita $454 $1,822 Exports $333,576.057 $1,487,764,991 Imports $353,616,119 $823,172,165 Wages $378,878,966 $3,427,032,000 Wage earners 1,311,246 6.615,046 Average earnings .. $289 $518 Savings banks deposits$149,277,504 $4,070,486,247 Thus while population in that half-century increased 180 per cent, our wealth increased 1,815 per cent, and the individual share in it 301 per cent. The increase in our exports was 331 per cent, and that of our imports only 130 per cent, or less than the growth of population. While the number of wage earners increased 404 per cent, the wages paid increased nearly 800 per cent; and the savings hanks deposits nearly 2,702 per cent.

Bibliography.—Alison, Trade and a Fettered (1847) ; Bigelow, (The Tariff Question) (1862); Bowen, 'Political Economy Applied to the Conditions and In stitutions of the American People' (1864) •, Byles, 'The Sophisms of Free Trade and Popular Political Economy Examined) (1872) ; Carey, H. C., Harmony of Interests:

Manufacturing and Commercial) (1851) ; Col well, (Memorial of Iron Manufactures to Con gress) (1850) ; Carey, M., (1878) ; Hamilton, 'Report of the Secretary of the Treasury on Manufactures) (1791) ; Holland, 'The Fall of (1913); Hutchinson,

Roazwr Elias THOMPSON, Author of of Political

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