Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-12-25

DAVID J. HILL, ID D., LII. d., Preslient
University of Rochester, IN American
Economist.
Iams pro,ectionisi for the follo~ing
reasons:
First The policy OF protection enables
cur country to develop industries OF which
other Countries. il il were rot for protec-
tor, would epj'y practical monopoly.
Although not Pre- ii able 10 the United Ststea
unless protected, these industries are i'm
poriant to our rational Development and
Independence, and shl uld not be allowed to
become extinct.
Sec9nd.-A protective tariff unques-
tiousbly increases he rewards Of labor (aO
Big cresiiug 3 demsnd for skilled labor 90
By diversifying the kinds CT labor 10
country and thus difereniiating both de-
mand al i supply, and (c) by making Of
producers Of every kind home mafk-t
This irctesse OF the laborer's reward Is not
cot iiaet TO the protected industries, but
eleva,es wages IN every sphere, (a) by the
sympathetic tffect Of high wages generally.
ard b. by With irs%i7g from the nonpro-
.ected Industries and from agriculture
surplus OF wsge-esfuers, who would divide
and reduce wages i. they competed against
eEci other.
Third Although protective tariff il.
Grssses prices Immediately after its sdop.
lion, the resulting activity and the stua-
is4t home production gader protection
tend constantly 10 reduge the pfices of man
ufsc.ured articles IS industry becomes bet
yer organized As result the countsy be-
comes vesttbier, both absolutely snd rela-
.svely-- absolutely, because tie aggregate
Of home produced COMMODITIES Is vastly
increased; and relatively, because wsges
are kept above the European level by
high raiif barrier 10 foreiga competition
Under free trade, or tar q for revenue
only. we would have to serd our god cut
Of the country TO pay Tor Imputed goods
and to compeIe with the eatire world in dis
posing OF our own products at home, thus
IoReting cur wages to me level Of those
paid 10 he chesp labor Of Europe.
Fourth The tTdited States Il CONT
rentsl nation and shoud adopt continental
policy. free trade is sdsptsd only to
in.ulgr nations. ard no continental nation
has adopted Free trade policy. We are
The most continental of all the continental
peoples ard have the most diversified
products. A naturally specialized nation,
like Great Britain, Can always drive Us out
OF the market in that naion's specially
in the loTg run, because it must
Do so to msiDtsin its own existence. Ga
the one hand we should not plunge our PEG
pie into so desperate q competition with .
specialized comp .ti.or, for this could end
only in driving our people from the field
ard, on the other hand, we should no. per- |
NJ our country TO be itself specialized by |
b ing limited 10 those productions only 10
which il has natural superiority under |
existing cor di'ions. The only vsy Gu Of |
tie dilt NINA is to protect those industries
which it is necessary to foster in order to |!
cue diver sifed and LAT moniCuI rational |
vel pner..
Fith The d,epss! -oot Of my adherence |
to q protective policy is, however n moral |
o9e. | believe that we. as raiion, have |
sreat msteIi.i advantages for tie building |
up Of a freq, intelligent aad happy people |
such Sc tie world hiss rot yet seen l be.
lie We that the Sc advantages are surrendered |
If too widely shared We are divnely set |
As nation to work out tle p,ltticai problem
of mankind. As 8 patriot, l claim taa'.
hAvi1g manifest nx'iona! d,stiny to be
worked out By a historic process. we should \
not part With our birthright. As vel!
might father Of family, just
started ia a p:ospsrors business
9TH small capital. distribute his
little properly q1sly amo7g the o. OF
mis- neishhorhooa, deprivi"g himself If the
means OF providing for aud educating hi,
aa for this nation to shsre wish
tie Old World every Increment of power
srd superiority to be found in the ne~, az
saming its burdens Of men iicsucy ard debt,
and receiving the peasant as the peer Of the
American c.tzan. Tie greatest anomaly
in cur history i, th1 free reception accord
ed to ihose who have Genre to our shores to
cl i'm rights which they were uatitted
to exercise. Fee rraae secures to every
other csunty all ths advantages thst
that belong to ihis. AZ so)p 81 it is sdop'ed,
BY putting American lsbn- in open comae-
Ii ion with the labor OF E1rope and Asia.
Free Immigration at least obligss thu psr
sicipsnt ii American prospect y TO come 10
Ame,ies. Free trade w5uli send him the
fruit Of American industry without the
trouble of crossing the tc.su. Whether il
be against fofeigl goods, ideas or men,
xou rsise Protecting bs,Iisr thas would
secure this God gwen clrtinens to the pre-
ard development Of the inst.n
docs Of GU. fathers. The srticle 10 our
polidcsl creed that mast needs emphasis is
Amer.ct { r Americans"