The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1891-03-27

AZ Two Protection Trade Pa
.'.-. r,,. mckinley Law Has Raised
price. aud HAS degraded the Quality %
Goods.
rrotectionist papers deny with much
an ,empcr and with liberal use 81
harsh cpithcts. the fact that the Nc.
E;nlev law has Increased tho price ~
goods. Anybody who has the hardi-
hood 70 assert that prices have been nd
yanced by Mckinley is ut once bounced
upon and berated AS an enemy 70
American industries and as free trade
liar.
mt the fact that many prices have
becn mvsteriously advanced Is one that
ANYBODY can verify for himself ~ y
seen from the market reports 81 almost
any trade journal; and most q these
Journals. too, are ia favor Of protection.
such journal is ''Wade's Fiber and
| Fabric. which is published AZ Boston,
| Mass In recent number Of this paper
| is Philadelphia correspondent points
! ont what seems to him the satisfactory
| Effect Of the Mckinley law. "Worsteu
manufacturers have protted mo thus
| FAR" saws the correspondent. lowing 70
readjustment Of duties in their FAVOR
which has caused an advance IN prices
OF worstcd yarns varying from i've %
twenty-five cents per pound, according
to numbers"
The correspondent thinks that this re-
adjustment Of price ought 70 have taker
place several years ago, and fewer fail
ures would have been the result ''Ihi'
assertion" he goes on. "can not receive
any better Endorsement than that dan,
received from the worstcd manufactur
ing centcrs Of England, through CABLE
dispatches to our daily papers, report
ing the closing down Of large factore
owing 70 loss of trade in the Unite
States, caused by the imposition Q
higher duties on yarn, cloth. etc.
In other words the measure OF harm
which we do To England in closing u
the factories is the measure Of good y
do 10 ourselves in raising prices 70 tn
consumer.
But there Is another very significar
side TO this matter Of raising prices
Some prices which were at first raise
by the Mckinley law have sine
dropped again TO the former leve
How does this come about? j. II yer
fcation Of the wisdom of the Mckinle
measure and tho promises 50 profusel
made that il would develop competiti'
! and so reduce prices?
This question can he answered !
quoting few sentences from the n.
. Dry Goods Economist, which Is anoth
| protectionist trade paper. In its late
4 Az. SayG. ssIlp efip
Of the new tariff has been to bring IN
\ the market several novelties VIM
!, rive the effect Of value without cost
a the manufacture. So in import
o hosiery we still have what is known
a the trade as the '25-ccnt stocking b
) IN quality and workmanship It Is sligl
n II inferior. 1t has been adroitly chea
ened. The customer gets the article
the old price. but it is not as good, 2
no advertising lies can make II as goot
:. The Economist says il predict
is some months ago that manufacture
4 would skilfully cheaper their goods
e. as seemingly not to increase prices; q
this. IL claims, has been done in va
: many eases. And il says: I'VE a
- have maintained that on very ma
u articles the prices would necessarily
a increased by the tariff. This also !
- occurred. and II is utter nonsense
: the partisan press TO deny IT.
- But the partisan press does den,
u, and is quick to cover with abuse q
i. paper which prints the facts alb
= higher prices. The question for
90 high tariff organs 70 answer =. W
was the purpose Of the Mckinley
~ II X has not raised prices? Was y
IL passed for fun: fired off like biz
tie cartridge?