The aggregate of trade balances in the eighteen years since 1890 produced in favor of the United States by farm products amounts to $6.500.000.000. while the trade in other commodities during those eighteen years resulted in a grand adverse balance of $456.000.000. Let me quote a little further from the Yearbook: A great stream of wealth has consequently been sent from farms to foreign countries to offset the adverse balance of trade in commodities other than agricultural. to pay the oceanfreight costs on imports conveyed in foreignowned ships. and to pay the interest. dividends. and principal on investments in the United States by foreigners. It is the farmer who has sent credit to expatriated Americans. it is he who has provided the immigrant with millions to send every year to the loved ones In the old countries. and If there is still any credit to dispose of. the farmer has provided the American traveler in foreign countries with his pocket money. The miner can not restore the mineral to the mine. With the farmer it is different.
Keywords matched
immigrant