The intelligencer. [volume] (Lexington, Mo.) 1887-1891, 1890-01-25

language, given above, and theh rs
paiustaking an examination OF what
Mr.. Gladstone really said ON the point,
as follows
II shall boldly contend that the
Whole at this uucIrIur-IHat capita
,lOuid be tcIupted iuto an area at dcaI
production for Tie sake or under thu
notion OF keeping il al home-is u tc!u-
lion from top to bottom. II says 10 thu
capitalist, invest (say) a mi'iion dol
AIRS ia mills or factories to produc,
yarn aud cloth which we could Ubtair
more cheapIy from Abr"ad-that Is, be
II remembered, which could be produc
ed abrosd and sent here at II smaller
cost of production, or, in other words,
with less waste; for all expenditure il
~,rnhuriion h"Vnnh the measure at
necessity-call 1t what we MAYS sim
DIV waste. 70 induce him 10 10 Ibis,
IA promise that nu shall receive AT.
~rIitIcial instead ot u natural price ;aIId,
u order that the foreigner may not
lrive him from the market, this arti.
icial price shall be saddled through the
operation of al import duty, upon the
competing foreign commodity; not III
order TO meet the wants OF the state,
which Is the sole jusiiiying purpose 0i
an import duty. but in order TO cover
the loss on wasteiul domestic prUduc
ton, and TO make it yield a profit Aud
ali this IN order. as Is said tina; the CAPT.
talist NAV be induced TO keep his capital
At home. But in America, beside the
jealously- palisaded field Of dear re
d%uclioD, there Is n vast open expahse
of cheap production, namely, IN he
whole mass 10 speak roughly OF the
agricultural products OF the country,
not TO mention such gifts of the earth
as its mineral OILS. In raising these, the
American capitalist will ttUd the do
mand of the world ~unexhausted, how
ever lie may increase the supply. Why,
then, IL he 10 carry his capital abroad
when there IL a prOStable employment
for 1t a. home III protection il necessary
to keep American capital III home, why
Is not The vast capital now sustaining
our domestic agriculture, and raising
commodities for sale at iree-irade
prices, exported To other countiiesr o.,
conversely, since vast capitals fluid an
unlimited field for employ Dept III
cheap domestic production without
protection, II is demonstrated that pro-
eciion il not required i'll order 10 keep
your capital at home.
And again:
Let me observe, first, that America
produces an enormous mass OF cotton,
CEREALS, meat, oils, aud other cominodi-
ties, which are sold in the unsheliercd
market u the world at such prices a.
II will yield. The producers are fined
tor the benefit vi The protected inter.
esls, and receive nothing in return; but
hey obtain iOi their country, az well ~
tor the world the whole advantage OF II
vast natural trade - that Is 10 say, u
.rade in which production Is carried on
at u minimum cost In capital and labor
AS compared with what the rest Of the
world can do.
MIR. Gladstone does not, as Mr..
Blaine says,'.see that the protective sys-
tenn steadily tends TO keep up the price
of cereals and cotton" but lie Sees
the very reverse, and says SO in the
quotation from him last above given,
aud Mr.. Gladstone nowhere asks that
manufactures In this country be abau-
doned, so that we may raise more
cereals and more cotton al low prices
He shows that we car produce cottons
aud cereals cbeaply, but he does not
ask, any where, by direction or iudi
rectiou, that we shall either give up
our manufactures or take low prices
for our farm products.
Mr.. Blaine lie q dishonorable antago.
mist, he grossly misquotes Mr.. Glad
stone, audaciously SO, when the two
articles appear In the same magazine,
and he must count largely upon igno
rance, carelessness and prejudice II LIE
thinks such treatment of a grave gues-
ton can go by without apprehension.
So lar from Mr.. Gladstone express.
ing q desire 10 see curtailed any
business or interest OF this country, his
article contains this grand result Of his
life time CT reflection on this subject: -
| thought, and each Of the rolling
years teaches me more u more hXedlS
to think, that In international tram
actions the British nation for the
present enjoys a commercial primacy;
that no country IN the world shows any
capacity to wrest II from us. except II
be America, that If America shall
frankly adopt and steadily maintain "
system of free trade, she will by dc
grees, perhaps not slow degrees, out
strip us in the race, aud will prObabl,
take the place which at present belongs
to US; but that she will not %injure u
by the operation. On the contrary shs
will do us good. Her freedom of trade
will add 10 our present commerce and
our present wealth, so that we shall be
better than we now are But while we
obtain this Increment, sho will obtain
another Increment, so much larger thar
purs that it will bob cover the minus
quantity which, as compared with Us,
she at present exhibits In international
transactions, aud also establish a posi-
tive excess, possibly a large excess IT,
her own favor.
Mr.. Ulaine's entire article, while IN
geuiousIy prepared, may be subjected
to the old lest:- FdlSuS IN nno, faIsus in
omnibus.
The state boat q Of health mel al JET