The Meeker herald., 1888-01-07
rr.s..,,.. ~ v,.- Trade.

Under the ainvs hs4iins. q. Harvey
writes the following Communication Ia
the Denver Arbitrator. and the conc!n'
s.ons reached are tina; iir former pro.
t-c,s the manufnrtn;sr IN license. bu;
cnslav~s the laloser. lie says:
Il r~ai the other IL That ~c might
fc~i pIvud and Gotta satIIAtr ourr..i,~.
on having n surpius h ona hundred
million .:lars III the treasury at Wash.
ington: and on tise s,i~,ts In Denver I
h-ari two men In convc>ra,ion. one II
whom WAS Dragging To tie other how
drunk he l,lui becn ih' night before:
and somehow tho bragtng dtunkard
irrcsisisi'iy recalled the newspaper par
agraph which congratulated us on III.
fact that money which is worth Ia us
anywhere from 10 Ia u IT, per cent I-r
annim Is unnecessarily iGkrn from us
To rcI"sc In such Rcsi coapany in the
treasury.
count mus, the ,ariff i- l,sscn.i or We
shall L. ii1.icd with the Ituiuc,s Of the
paurcr labor Of Europe: nd ~ We con-
time Ia bury money ~ vaults rather
than liz overwhelmed b, such dire
calamity.
II Is u significant fac, ;,,t the pro,cc.
tionist press are very f-a'ful of expos
ing the American lahore To comir'i'
ton with EUROPEAN gvpi,. but do not
hesitate Ia let him cpiip-te with the
Estv.Vs,t... l ~ ill.,,
ory that the tariff 10y Increasing the
price Of domestic manufactures Raises
and maintains the higher wages paid Ia
American wotkmcn. sprays from the
delusion that the higher the profits
made by our manufacturers the higher
the wages they will pay; whereas any
one who has eyes can see that employ
ers pay, not what they can. but what
they must. aud that the real competi.
tion which fixes the price Of labor, Is
the competition Of one iaborer with an.
other for employment. AMI that nothing
can raise wages that does not lessen
that competition. For instance. the
Pennsylvania coal land owners are pro.
tccted from foreign competition by n
tax on all coal impoF'e. which raises
the value Of their land and enables
them to charge more for their coal. bu,
the miners working ut from G5 cents TO
$l.lO per day do not seem to be bene-
lifted. at least not enough to make them
objects Of cnvy.-"Commcrce." accord
ing To Adam Smith. lis the interchange
Of commodity for comm0lity.n That
Is. IL Is barter cr.-ProtectiOnisis tell VA
that the more wealth we send ont of u
country and the less we get back the
better We are oil, or as they phrase
Our exports should exceed our i'm
ports. and then the balance of trade
will he In our favor II we look nj the
poorest countries We see this peculiar
balance OF trade is always IL their favor
FOR, not to multiply instances. Ireland
and India are continually SO blessed.
The reason these countries export more
than they import is because their eS-
porting Is tribute. not exchange. This
tribute Is. In the case Of Ireland. the
agricultural produce sent abroad TO pay
rent. and IN India an excess of exports.
the home charges. etc. OF the English
government. As soon rs the land
owned by aliens in the United States
becomes valuable We shall be able TO
point with pride. on protectionist prin-
ciples. to the large excess of exports
over imports. for we shall have to ex-
port enough more TO pay these gentry,
their rents; and should we stop import
ing tomorrow. We should still have to
export TO pay the tribute or rent to for
eigners who own American land, and 10