New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-11-02
PROTECTION Vel. FREE TRADE.

last evening the question, (Which will best
nroect home industry Protection or Free Trader
again discussed before the Sociological Section OF the
Association the Advancement OF Science aud Art a
Cooper Institute. The discussion was opened by John
Williams editor OF The Iron Age. in advocacy OF proee
ton He reviewed at great length the arguments 81
Franklin Madison Jefferson aud other political ec0no
uiss in favor OF protection, giving c0p0us extracts
from their speeches and writings He further cited Col
worth Napoleon l., John Stuart Mil, Napoleon ILL., Henry
c. Carey, Thaddeus Stevens, and others He ayerred
that the recorded utteances Of nearly all tho dstn
guished statesmen OF this country ana the utterances OF
the wsest ministers and Statesmen OF foreign hanons
well as the admissions Of many OF the more prominent OF
the apostles OF Free Trade, fortified nm IN the position
res on the relations Of the individual 10 thc stare ana
the specific nature Of natural ana S
some agricultural, some maIufacturng ana some agIl
one system could be made to apply 10 tnis uveIS JeL
ferson had said "The duties we Jay prevents
u.s. IN time maG Tsp E a7cras protectic"
declared the golden nge OF free trade had not ar
rived, an" tSat 10 manufactnres must be protected Tho
speaker believed that tariffs must ploect mem, Mne9
he he ereatest In Massachusetts, In 1851 the production
er cGpa was $780, In North Carolina IL was W 49, In
yaIeS ana under low tariff business had been de-
pressed. Diyersded Industry he Affirmed, was ilie
tber 1Sat Industrial independence was essential TO Po
cal independence. John Serrel reP1cd lie quoted rat
ter had said dCopmerce should Re 9s free as the air We
breathe" Plenty always produces eneapnes ana scsry
trade or nearly free and affirmed that English Working
men lad hot Suffered from rec traGe' I pds %
coSeerng the Gorkngen of England and Of Belgium
NJ + Kerry spoke In favor OF protection The policy
Of England toward her colonies, and especially her
Xmarican colonies was reviewed He himself had seen
he effect Of free trade BY that his own salary had been
reduced 80 per cent. John Randops Tor ifee
eSe in slo was that God had placed ifon ETC., IN the
nils Of England and had made this an agricultural conn
ry He invoked tho spirit Of John Randolph to view our
resources now mines Of iron copper ana other met
als. ,ons tariffs OF this country, and offered eta
nsiics TO prove that high tariffs had always given
rest nrosuery and low tariffs had only brought dsi
sser MT A. Nash made speech, affirming that any
d theory either free trade or protection, was faa-
eious Adam smith had said Buy where you can buy
he cheapestD This was fallacy The speakers own
to ,,o vas Buy where you pay the cheapest" In
upport OF protection he details OF the
mt he asked ProteetiOniss what they would do
tax Of 10 cents per pound should be imposed upon
,ayy cotton The whole question he affirmed, was one OF
expedency and circumstance, the world over MT Chas
Sron In favor OF free trade, closed the discussion he
irmed that protection must be falaey, because the
rise in one article followed by rise In others FRO
tection was simply falacy based on mistaken opinion
~, he functions OF money. The discussion was adjourned
| 10 Friday evening of next week. When MI emVu 1ieip
| will omen In favor VI free trade,