The Iola register., 1891-10-02

the foreign manufacturer, and not take
them, amounting to, let US say, 100000
yards per year. But the foreign manu-
facturers at once sent these goods to
this country, and instead Of their usual
shipments OF 100000 yards, We
then had $500, 900 yards per year in
these years. Well, you say: "That
must have helped the farmers who
finally bought them" Not much. The
quantity of these goods that our two
supposed factories made per year, and
the cost OF making goods to them, fixed
our market price in this country, and
therefore the foreign manufacturers
only underbid that price as little as
possible-say cent per yard, to the
wholesale merchants TO whom they sold
their surplus goods in Boston. New
York, Philadelphia, etc., and thus they
supplanted SO much of the goods from
our two mills in onr market before they
were made. But the wholesale mer-
chants put this cent yard discount
in their pockets. and hurried the sale
of the goods to the jobbers and retail
dealers at the same price as before. All
this having been done, the two Ameri-
can mills found, month or so after.
that the market was gIutted, and the :
had to shut down to three-quarters
time until the 'glut was over, which in
creased the cost of each yard Of goods
made by at least 20 per cent. well, "
you say, ''what of this? Did not the
consumer, the farmer. get his
goods at the same price as before? Per-
hapS he did, but how about the price
before? What made it 81 per yard for
these goods? Let us look into this
These two American mills. having
found out long before this that they
were liable to haye this uncertain mar
ket by having more OF these foreign
goods thrown on to it in some years
than in others, as | have described,
were obliged to charge higher profits
on each yard of goods they made in
good wears to recOup themselves against
that prospective loss, and so they
charge 10 Der cent of the price for reg
ular profits and 10 per cent extra to re-
coup themselves against the loss to
them of having their market raided or
at these uncertain intervals. and this
extra charge went to make up the 81
per yard as the established price.
Then when the foreign manufacturers
sent their goods over here IN good years
for trade, they got all the price they
could. OF course. and so they sold their
goods for 81 per yard also.
Thus it is easy to see that the uncer-
tain market, created by uncertain for
eign impurtations to excess. according
As the Australian market was good or
bad. cost our farmers who consumed
them 10 cents a yard extra price on all
the goods they bought of both domestic
and foreign make. or say S400, 900 per
year, year in and year out, under this
low or free trade tariff.
Now let Us suppose that the McKin-
ley bill raises the duty on these partic-
ular goods 20 per cent, so as to give the
American manufacturers the first
chance 10 make and sell the 1900. 600
yards consumed in our market. What
happens? Neither of the two manufac-
tories in this country dares to raise the
price, because if it did not only would
its customers go TO the other one, but
new competing mills would spring up
III few months. Besides. if the price
was raised people would cease to use 50
many yards of the goods.
On the contrary. the first thing our
do is to hurry in addi-
tiOnal machinery, so as to make all the
goods themselves and so get larger
profits on larger production. Each is
anxious to get all the customers before
supplied by the foreign manufacturers
that it can and keep all its own. There
fore, neither of these mills attempts t.
commit commercial suicide by raising
prices. So far from il are they, be-
cause they now have sure home mar
ket, that can no longer be raided ON
and made uncertain by the foreign man.
lfacturers even when Australia goes
back on them, that our manufacturers
1t once begin to take off the 10 per cent
extra profits they had formerly been
obliged to charge to cover their pros
Dective losses on that account. and the
price of the goods falls accordingly.
This soon effects saving to the farm
RS and others who consume the goods |
II S4OO, 600 per year in the price paid by |
hem for the goods. Besides this, each
American mill now makes twice as
many goods per year, or 1000. 600 yards |
instead of 1.000, 900 yards. This enables
t to make the goods ut least l5 per
ent cheaper per yard, which is saw
ng of 5000, 900 more per year on the
'oods consumed in this country, be-
ause it is the economic law, as before
hown, that the greater quantity OF
oOds made in the same establishment,
he cheaper they can be made.
What becomes of this additional saw
1g? Why, our American manufacture
RS take off 10 per cent of it from the
rice of the goods and pay the other )
er cent of it as added wages to the
killed labor they employ. In the
lean time they make 10 per cent net
n s., 900, 900 worth of goods to each
lctOry, instead OF on only 81 1000, 900. as {
efore. All this comes from insuring {
lie certain American market to the {
OF American producers. 5
ct us recapitulate who saved by this
opposed Mckinley increase on the
tariff, and how much, viz: ;
SAVING EFFECTED TO CONSUMERS. :
It. By enabling manufacture II
ers to take off 10 per cent of
prices previously charged to I
recoup themselves against "
loss because of uncertainty of I
free trade tariff market. pro-
lection rendering market 8
more certain: ..,............S .SiOO, COO {
d. BY enabling home manu- I
facturers, using steam and II
machinery, to make larger
amount of goods in same es- v
to supply in Il
creased protection market, in q
stead of goods being made 7
abroad. as under free trade 7
tariff, and to take off 10 per 7
cent OF economy effected. -. 400. 900 i
Total saving in Price to con-
sumer, 20 per cent. ...... 800 900 p
,DED WAGES OF AMERICAN LABOR. L
!. Increase paid out of saw il
ing, as per second item above,
.hara annnrtinned To Labor I,