Mr. President. the balance of trade that was against us has been relieved by the contributions of agriculture to the commerce of the world. not by the contributions of manufactured goods or articles. We overcame that balance of trade because our agricultural interests were very greatly expanded by immigration. and by our homestead laws. and by the increased demand of the foreign nations of the earth for our food productions as well as for our textile productions. I can not conceive how the balance of trade has been turned in our favor by imposing upon imported goods higher duties than were formerly imposed. The balance of trade means the return for the productions of this country that were sent out abroad that the people in foreign countries are obliged to have. being indispensable elements of living.
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immigration