The Ottawa free trader., 1882-11-25

| be an absolute necessity. Iu'S NiHS 'hO
case, remedy should re sought that
would accomplish the o0lect vi h the ieast
possible deirimelt to the ha,!ou prosper
| ity. To secure free competitive prices tne
irce traders advocate repeal oi Tue tariu
on manufactured goods, or such legislation
AS will bring the combinations OF nome
| manufacturers into competition with lor
sign manufacturers. Thai TINS Tree lrade
remedy would he iaIal 10 com blnatlons can
not be disputed, ana II this was the limlt
of It's effect would meet with general Ia
yur: but this is not The case, for Tree trace
would be equally fatal to the combinations,
and the Industries which they represent,
.ad IS The industrit icpres.nted give re-
munerative employ ment 20 large number
Of aDorcrs and operatives, 1t would be iatal
to them and indirectly damaging to the
whole people. To illustrate: take the SIN.
gle article of iron. To produce iron there
are four easentials-iron ore, coal, labor
and cspital-and the price that we should
pay for foreign iron would include profit
on each. Now, as proflt Is wealth, II Is
evident that the profit We should pay on
foreign iron would go to increase the
Neallh OF the foreign countries In which IL
WAS manufactured. Desides, each ton OF
lfJItigu iron that VT should purchase
would reDresent n ,roportionatc quantity
OF iron ore undislurbed IN our ore mines, a
proportonate quantity Of coal in the same
condition in our coal mines, a proportion
| uie mum her Of iatcrc,S aud mechanics un-
! ,.i. l",sd ,,i . ~ r''"nate amount II
| ca jlLai IA the saint Jnultiou. IL, a.S-
! ,.euIng he ton ui tuTe!gu iron 10 ne
millions of tons lnat ", should purchase II
| Tree trade was estabi she'd, il is easy to
comprehend that, while we were making
an immense quantity Of iron ore and coal
productive OF wealth IN foreign countries,
| ~ ,ould u, the same ume be making our
| own iron ore aud coal worthless. What ls
! 40 v. Ia. .usua.o.l,,. q Vi iron IS cOmpn-
ra'iccly true of ali our manufacturing IN
tdustrlcs. All the manufactured goods that
We should purchase ii y profit would less
! en- nc nations wealth in Il ratio proper
toned to such profit A protective tariff
| IS benefit to the extent that II enables US
| to add 10 the nations wealth the profit
that VIC should pay on foreign manutac.
tured goods, and "a detrlment to the extent
that it enables our home manufacturing
'-.s..g' tc furg ,hiUatlons to exact
from consumers greater profit than they
would charge III selling III competition
with themselves Or foreign manufacturers.
Evidently a protective tariff saves the
| wealth to the nation but tavors an undue
accumulation of it in the hands of a few,
and therein lies the great evil. The intel
| gent object, therefore, would be to cncour
age the former and ana prevent the latter.
Free trade is only remedy to prevent OBJ
sAuCilors to the natural law OF compet-
ton, and as the remedy would be detri-
mental 10 the nations prosperity, some
other means than free trade should be
s,ug.lt % secure the object. Clearly the
most certain remedy lies in such legisla-
uou as will make combinations for the
purpose Of obstructng the natural lsV -
e ulpentron cnrrriia: lee against the gen
a... ,.ir--. S'.nn y, intent falQni"g.
l. .. ...lD..-.',,, l-- "a Eri.tE, ."r go
| IL. :, tla