The Press., 1888-08-09
[For The Press.) THE TWO MARKETS,
No. g.

l
 We have said that there are circum- stances i'll a foreign market which make ii necessary to the commercial prosperity of that market that the market of another country be invaded and made subservient to it.
 Let England be that foreign market and the United States the home market, or the market of another country. Now let Eng land produce more than she can possibly sell at home. Soon there will be glut in the vicinage market, and the result will be to cheapen the goods or curtail the power of production. When goods have to be put on the market at actual, or less than, cost of production their manufacture must cease. A business to be profitable must yield more than running expenses. A business that does not do that must come to standstill. A farmer who can make nothing above the cost of his seed, and the labor involved ill his crop, must give up wheat raising, or his farm. A glutted market means the curtailment of the pow CT of production, and that means business depression. When mills have to stop be- cause there is no market for the goods, op- and operatives out of employment earn no wage, and where there is no wage earned there is nothing to buy with whether goods are cheap or dear.
 To on af must be relieved, aud in way to help the wage-earner. This can be done by put ting the surplus goods into some other market
 Now here Is a circumstance which justi- fies the foreign market in invading the markets of another country but it does not follow that that other country, the United States, for instance, should allow her markets to be thus invaded. While it may be a good thing for the foreign mark ct, and we admit, without hesitation, that, for the time being, it is, it cannot be for the market invaded, unless the products thrown upon it are such as are not, and cannot be produced in it. If those pro- ducts are such as are grown in the invaded market, and by being put upon it reduce the price below their cost to the producer, 1t would be an evil, as it would tend to destroy those industries. When there Is no money to the farmer in the products of the farm agriculture will perish. If, un- der free trade, potatoes can be grown in Canada and put into the New York market cheaper than New York can grow them, then New York will lose her potato indus Itry. If Manatoba can supply Minneapolis with wheat cheaper than Dakota then Da- fkota will suffer in her wheat industry.
 So with manufacturing if those arti- cles which the mill and factory turn out are put on the invaded market at a less price than they can be made there the re- suit will be disastrous to those industries. Our own history shows that sooner or later they must perish. Put now young and undeveloped country. like the United States, at the mercy of an old and develop ed country, like England, and the result will be disaster to the new country, Nc matter what her natural resources, if com petition is such she is unable to develop them, she is weak.
 A country liable to be invaded by the over production of another country, to the crippling of her farms or mills, IS amply justified ill taking measures to protect her self. When we consider the age of Eng. land free trade, as policy, is a very recent affair. Her commercial prosperity is built upon strong protective tariff. Free trade may be good for one land, but that would not prove it to be for all lands. We doubt whether absolute free trade is an unmixed good to any great power.
 Washington said in his farewell address that "our commercial policy should holc an equal and impartial hand neither seek ing nor granting exclusive favors or prefer ences. There can be no greater error thar to expect, or calculate upon real, favor from nation to nation. It is an illusion
 which experience must cure, which a jus pride ought to discard"
 These wise words may we'll be ponderet in connection with the present discussion
 England's persistency to make this fre'
 trade country does not grow out of lov, for this country, but from her own self interest. o.P. 0.