The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1891-07-09
PROVIDENCE te. ~ AND ITS lssson
The True Erect That Free-Trade w~~Ea
Have on Crest Industries.

The True Effect That Free-Trade w~~E4
Have on Crest Industries.
In the course of an address of wssynse
to a convention Of mechanical epainxrss
the mayor of Providence said:
"The state of Rhode Island has III s<st,-
ton mills, in which it employs sks.iAfs
600 per year. 1t has invested in cSsue
mills $40, 100000, uses about @14gfSs5N
worth of raw material and prglzggS
about $3O, 900, 900 worth of cotton grstzs
The woolen mills of Rhode Island npsz-,
ber eighty-fve. They employ neariFyk,-
600 persons, pay over SO ,000, 900 in vzgsa-
use nearly $50, ,000,0 900 worth of raw W7,-
terial, produce over $35, ,000, 900 worth az
goods and have over $50, ,000, 900 iBrsspsE
These two industries alone pay on s9sz4s
000, 600 per annum in wages, nearly Al
of which is used in exchange, direcfly Sx
indirectly, for goods, and thereforecr1rrs
commerce and makes, with the S33g gStE1si
900 for raw materials bought an& the
$65, 200, 900 of manufactured cloth sssA.
an annual commercial transacti2E OF
$117, 100000.
Large as these figures are they 9 o ucS
form one-half of the business of the Sfxztsa
of Rhode Island. Providence alcrt tHzs
over 200 jewelry and silverware snxx7s
featuring establishments, which euS5sy
over 5000 persons, and over $l5. 1855 tssea
are invested in them. When we ccnsS3ex
the enormous works for the prodneTsHzo& o&
screws, tools, stationary and textiss rza;
chinery, steam engines, electrical 5FErE
ratus and the other important indussz
the exchange of labor for moncy, tAs.
money for necessaries, the purchssg ds
raw material and the sale of the pzzS7z.
ton the total must amount to tlss aSzza
of no less than $500, 900, 900 per anpzl7a-T =
From which it seems that abouk siH.
900 persons must be directly empleEas IN
manufacturing in and about ProriGeaGx..
Free-traders say that a robber 1Cg-TT l.
responsible for all this manufacturing
and the consequent employment Taey
would have all of this industry iranss
ferred to England, Germany and Ersscr-.
and though the price of many kiHEa on
cotton cloth is less than the duty esz tx
| importation. they assure farmers fl.sa llls
duty is in all cases added to the c@Ez af
the cotton cloth they buy. An6 "a tha
farmers who raise the $50, ,000, ,00S Ss7rtfz
of VOC! consumed in those mills tinsg pus.
fess sorrow for the increased cost 69 fasTs
clothing and blankets.
While they are saying these thlxsz To
the farmers they go among the sJ.ssrE-
tives in the mills and tell them thas tAs,
duty on wool, wheat and other sasra-nL-
tural products is taken out Of snsE,r
pockets, although they are all the GEas
prating about "the inexorable laz4 OF
supply and demand" and they smsy
that dnty on any commodity aadgsfn
enough to be protective at ODE in
creases the supply; SO that the my
greatly decides whether the employa0Gnt
and profits of production shall be ir czQso
country or the other In its first eEa-s.
and eventually leads to the reduction lk
price in all countries. 1t is be.szlss
Protection invariably reduces the GEE ezf
manufactured products and inczHsnez
the cost Of raw materials and lahax aaszs
the English and their friends hEe a& Ssz
Objectionable. They wish their zca11
factured products to sell at high ,azies
while they obtain raw materiG1 .4al7
labor at its lowest cost, and they alw1Ss;
prefer cutting down wages to putting x
new machinery.