The Words of James G. Blaine On the Issues of the Day
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But so long as we repel Spanish Amer- ica', so long as we leave her to cultivate intimate relations with Europe alone, so long our trade relations will remain unsatisfactory and even embarrassing. Those countries sell to us very heavily. They buy from us very lightly. And the amount they bring us in debt each year is larger than the heaviest aggregate balance of trade we ever have against us in the worst of times. The average balance against us for the whole world in the five most adverse years... we ever experi- enced was about one hundred millions of dollars. This plainly shows that in our European exchanges there is always a bal- ance in our favor, and that our chief deficiency arises from our maladjusted commercial relations with Spanish America.
It follows that if our Spanish-American trade were placed on a better and more equitable foundation, it would be almost impossible, even in years most unfavorable to us, to bring us in debt to the world.
With such heavy purchases as we are compelled to make from Spanish America, it could hardly be expected that we should be able to adjust the entire account by exports.
What to read after The Words of James G. Blaine On the Issues of the Day?
You can find similar books in the "Read Also" column, or choose other free books by Blaine, James Gillespie, 1830-1893 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
But so long as we repel Spanish Amer- ica', so long as we leave her to cultivate intimate relations with Europe alone, so long our trade relations will remain unsatisfactory and even embarrassing. Those countries sell to us very heavily. They buy from us very lightly. And the amount they bring us in debt each year is larger than the heaviest aggregate balance of trade we ever have against us in the worst of times. The average balance against us for the whole world in the five most adverse years... we ever experi- enced was about one hundred millions of dollars. This plainly shows that in our European exchanges there is always a bal- ance in our favor, and that our chief deficiency arises from our maladjusted commercial relations with Spanish America.
It follows that if our Spanish-American trade were placed on a better and more equitable foundation, it would be almost impossible, even in years most unfavorable to us, to bring us in debt to the world.
With such heavy purchases as we are compelled to make from Spanish America, it could hardly be expected that we should be able to adjust the entire account by exports.
What to read after The Words of James G. Blaine On the Issues of the Day?
You can find similar books in the "Read Also" column, or choose other free books by Blaine, James Gillespie, 1830-1893 to read onlineMoreLess
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