The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-10-17

therefore WIS $50, 304, 504, or two-ffths OF
the product. You see then, that, deduc-
ting the one-half of the home consump-
ton which is made by the farmers (more
exactly 323 per cent. of the whole product)
our farmers really sell more wheat LOT
foreign market than for home market.
Now, when farmer takes his wheat, say 900
bushels, 10 the grain dealer, which does he
getthe most per bushel for, the 2O0bushels
that 60 abroad or the 800 that remainin this
country? Just the same; does he notE
He cannot tell whether all or any part OF
his wheat will go abroad. He knows that
two-ffths of all the wheat raised IN
the country goes abroad, and that
whoever sells it gets the same prlce
as the man who sells the wheat that stays
here. The price here depends on Chicago
or New York quotations. and the quota
tons there depend on London or Liver
pool quotations, unless some Spectator
has corner" on wheat, and that makes
only temporary huctuation in the price.
Exactly the same thing Is true OF every
other staple farm product OF the country.
IT. instead of selling his grain, the farmer
feeds it 10 cattle or hogs and sells them,
the result is the same. For example, we
have in the city OF Indianapolis the estab-
lishment of Kingan & Co., who slaughter
about five hundred thousand hogs annu-
ally, and export about one-halt OF their
product If you take a drove OF hogs to
them TO sell, you will find that the
only distinction made by them in the
price of the hogs they export and
those sold in the home market is an excess
of 5, 10, or sometimes 20 cents per hun
dred weight on those exported. This
would seem to make the foreign market
hot ha haT no home
market. but it cannot be fairly so consid-
cred because this distinction is due TO the
grade of the animals. The English mar
ket calls for leaner pork than the home
market, and therefore the full-fatted AMI
mails are consumed at home, while the
lighter animals, commonly called export
hogs" or English hogs" are sold abroad.
Follow the list of staple farm products TO
| their destinations and you will find that
not one of them brings more to the far
mer because it is partly consumed at
home-nOt one of them is increased one
cent in price by the home market. Their
price is invariably fixed by the foreign
market, when they are sold in cOmpeti-
ton with the product OF the serfs OF
Russia, the fellahin of Egypt, and the
ryots and coolies of India.
Now, where is the fallacy? 1t is in the
the country are not sold to consumers but
to middle-men. The farmer has nothing to
do with transportation. He sells to the
London market, the New York market,
and the Indianapolis market, ali at one
time, at one place and at one price. But
he does not think of this, and the willy
protectionist argues TO him that he is sell
ing everything in home market. The
| protectionist also conceals the fact that his
| system, by destroying our merchant
marine, has given England control of our
foreign market; and that the majority OF
our exports are shipped to English ports,
and thence in English ships to their various
destinations. Ii we had the shipping that
we had under a low tariff, and could trade
direct with all foreign ports in our own
/ ships, we would have a dozen bidders for
our farm products instead of one, as we
have now. This, like any other competi-
ton, would raise the price of the farmers
wares both abroad and at home. Our
| grain quotations would no longer be at
the mercy of English dealers or domestic
spectators, but would be regulated by
the open competition OF the world.
| J. p DUNK. Jr'