, 1877-08-18

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pied f"r many ycnrs previous.
\ reason for tho ron.pro1uc.ion Of manu-
fncturcs in this country At n cost admitting
their expectation in, that, wlila protected by
tho high tariff, they wcro also subjected to
lis penalties. They wcro excessively taxed
on countless rnw materials. They were conf
poElcd to pay tribute as price Of receiving
sotno tribute back. result was TINT they
wero placed ut great disadvantage In COM
petition with foreign rivn1s. In England tho
manufacturers are not thus oppressed. The
world is open 10 them to get their raw mn
terief. Every article or material. Of what
ever description, needed in any branch OF
manufactures ia admitted free Of tax, 80 that
the manufacturer, having everything he
needs al tho lowest cost, can produce his
goods Mt the lowest possible price. Tho trade
Of The world depends on tho price OF The
thing sold. Whoever can produce at the
least cost can secure tho trade. It has bcon
stated TINT tho difference OF half q
cent In tho cost OF producing square
yard Of cotton cloth will decide tbs
possession Of the worlds trado In cotton
eooo'' cuA eossot''ii'"onA"e'"EolS Als ta1eos
iof protection purposes, heavily and orpres-
aisely on long list Of articles needed in
their business. So with tho wooden tratlo. At
rccont mooting Of the woolon-manufactur-
ers in this city there was presented protest
from perhaps dozen American manufacturing
chemists against any reduction Of tho dntics
on dyes and other chemicals, though 1t is
%1-t4 At~& L..
notorious shat' II these heavy taxes on raw
"'a'cf'm were fepeaied' American Toolen
sools conla 90 produced and exported at "
Pfonss !nhteaa OK pfoaacln8 Tor tho home
'nhtses a0ae a.a WORKING on hsn timos the
mseainefy and the labor might be employed
con,'auoaalS. INC surplus hnd'ne the foreign
n'otaet, "s does me surplus corn, whe"t'
pofk' Cheese ana other products OF the farm.
"e wi'Aneiy admit that protective tat1d
see"lett 1oF .''ne 10 neiP our manufacturing
interests, 80 long as tho horne market wa8
mol oVe1aone' pnt the enormous bonnsies
one1ca W Inc n1ga tar1f1' the temptations 1t
oherea to capital to engage In the protected
inaus'fy' so s''n'''ateo production TINT capi-
tol aaa '"opf were invested far beyond tue
want 'of consumpion' Ahofe was no lot"
e'9u m"rAet 1oF tne s"3Flas' ena tue manu-
'ao'.lt'ts oeeatne compet'tofs' anu tue oVcf-
a'ock was e'theF sola A. loss OF deprecated
III 'ho ""Eenonse' IL ola NOT take long Tor
1ae cary profits 10 10 "as1ea, hnti, "hcro
'nefe were tAteo mus at work "hero ono was
e9oa1 70 supply the consumption capital hn&l
~ Pfoats: anu 4Aoof Was moro or Less uneme
p'oyeo "a'l Tue utne' -....-....
Tho manufacturers OF tho United States
enjoy many advantages denied to other
countries. Wo have liberal supply Of all
Tho metals; OF iron, our stock is inoxhausti-
bio anu OF unequaled quality for many pur-
poses. We are supplied with coal in abund-
ance. we haVo The bulk OF tho raw materials
Tor oil lines OF manufactures. Wo havo un.
equaea means OF transportation. We have
tho LABOR, tho skill, and tho machinery.
Above and moro important than NIL, wo have
cheap food. We stand midway between
Europe and tho groat Empires beyond the
fac'nc' we arc IN the centFo Of our own
continent. Why should American laboE md
capital ignore tho great markets OF tho globe,
and produce only Tor our own comparatively
small fan1lys As we'll might The steel-mills
at Joliet refuse to mako steel to bo sont ont
OF tho stato Of lhinois, ns for tho manu-
i"cture's OF tho United states to rofuso to
mako goods TO DO cold to the roat Of mnn-
ksna. IL the homo market can DO supplied
by tue present labor anu machinery, working
on ono'thistl ttme' and that labor and ma
cMaors can po etop!oyou on tull time, work
ing day and night forccss to produce for tho