The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1871-04-01

que care: ~. y. AbAVlTT.
From the Washingtor Chronicle.
Thiers On ProeeesiOn.
Will you give your readers op-
portunity Of seeing the opinions Of
NJ. Theirs on the policy Of protec-
tion2 They may be as convincing
% those of "Sir Oracle" OF the Ca
zette, OF even those of the "Morn-
ing Mereenary." A. B.
The following, from the memo
rable speech OF NJ. Theirs on tho
Goth Of January, ls7O, showing
how nonopolies are affected by
Protection, and the passages to
which our correspondent particu-
larly rcfers.-EED. CHRoHrclE.
It 10 urged that ah the protec-
ton accorded to industry, consti
tutes monopolies. and that, to on.
rich . few monopolists. We burden
the whole country. Il 10 true there
is monopoly; but it 10 not IA
France, it 10 abroad. desire to
say that this little monor oily. which
you accord to French industry, de.
stroys the monopoly Of foreign in.
dustry.
when Englhnd and France alone
worked up cotton, - yOs know.
what vas the price OF . kilogram
Of cotton yarn which 10 now worth
three francs2 It WAS worth TWEEN.
| ty-seven francs. + is true that
this Was at the period Of our wars.
and when the raw raw material
bore . high price; but after tho
peace the price WAS still IS high ~
fourteen, francs~
! It has gone down to three francs.
And here is the reason why: In
proportion - the French produc
ton was developed there was, in
spite Of prohibition, ssoEt Of pene.
tration between the two markets.-
We created q competition with En-
gland, and thus the cotton fell to
three francs.
What purpose, then, has the mo-
nopoly servsda It has compelled
the foreigner to lower his prices.
; Every time that you give . protec
49, a. = national ~roHuof ~,or,
cause the price Of the foreign pro-
duct to be lowered, and you pre-
vent monopoly t
!, Another example more recent.
When the linen industry was des-
h troved in France bv the English
. production by power, a akilogram oi
: thread was worth seven francs
: We protected the linen industy in
r France This protection permitted
: competitiou: and the French pro-
6 duct compelled the English manu-
4 facturers to lower their prices 4
three francs fifty centimes.
: r. then, there 10 anything evi-
= dent. it. is that this pretended mo
, nopoly, this sacrifice Of few cen
t times. produces general lower
e ing Of price; which 10 for the bene
e fit OF the, whole country. II yo'
{ are not willing that tho Frencl
; manufacturers should fabricate, be
i cause you have 70 pay 20 per cent
more than in England. it will en'
= in the English making you pay To-
o per cent. more. ktae z
i II England were the only eoun
d try to produce certain objects. .coul,
) you have them at the same prise
It Certainly not. It is competitor
= sustained BY . jnst protection
n which destroys foreign monopoly
: Those who speak Of universal, an
. restricted competition, do not com
}. preheud II. Do You know whs
9 true csmpetition is7 It 10 that n
It nation should suffer itself to max
s any surrender of its native indua
It tries. It is that no one should o.
= thxt It will 70 longer msunfactur
Y cotton. because Il cannot produc
: - cheaply - ansthsr; that No oo
d shall cay that r win no longer fab
. ricate cloths, besause il can No
. fabricats at - geed an aceoun
d - it, neighboF; that no one shoul
\ say that il viii not raise grain, %
u der the pretsxt that grain 10 pro
t duced more dsasly than in othe
E countries. The natfeA which shoul
+ reason thus would exhibit the rea,
> oning Of An idiot
- Do you know what 10 the tru
J. competition Of nation with natiol
> the universal compseitisn1 Il 10
g noble snbitfon o NE part OF eac
I'd reopls-&hs noSie emulation /.
+ producing everything, and eve
L that which b produces with lei
y advantage than oshsr people. Tn
+ conpetttfon hes, . iis result, q
% reduction of prices 70 the love
. attainabls standard. throughout q
entire world.
81 gsa &Tal fas ssasar sazo e
- .gsan5s ga14s n