The advocate., 1892-03-23
TIE WAY OUT.
We Must Have Low Established Rate Of In
Anrost with Erna Trade.

profits, as stated by George c. Ward In
his article In your former Issue, by es-
tabllshiug lower rate Of interest we es'
tablish a lower rate of expense for the
wage worker, thereby enabling him to
accept the low wages he is obliged to, In
a way wish to show you. Under the
present system his wages continue to 90
lower, in consequence OF foreign labor
imported to compete with him, while the
high rate of interest obtains the same for
protected monopolists. England having
q lower established rate, the cost of liv.
ing and also the cost of production Is
cheaper. In this country, where high
rates obtain, the laborlng mans expense
Is higher, therefore, his wages ought to
be higher, but they have constantly been
going lower, until (ss statistics from the
labor department. show the average In
come of the head of q family in this
country is barely equal to, or less than
his average expenses. And, again, the
manufacturer must be protected (pro-
tectionists will have you und1rstsnd), so
he can produce his products at q high
rate and sell them at higher rate to the
consumer. And the labOriDg man, the
real producer, is not protected, for the
reason that he pays for high rate Of
living, while his wages are constantly
lowering by the constant influx OF for.
eign labor and the continued decrease OF
the demand for work, as | have before
stated. Again, the American producer
that must fad foreign market for his
surplus finds himself handicapped, for
the reason that he cannot compete in a
country where low rates obtain,
while he produces under a high rate in
this country. As In the case of the
wheat producer, or the cotton grower OF
the South. Does not the price of the
surplus that Is shipped abroad, and sold
there, tend to regulate the price OF that
which Is on the market here at home?
II so, why not allow those producers to
produce their products under a lower
rate of expense or interest by establish
Ing q good system of cheaper money
and a lower established rate of interest?
Or shall we let the present system of
affairs 20 on, and when we have the
necessary amount for home consump
ton stop the productionF Must the cot
ton grower Of the south and the wheat
grower ct the north and other surplus
producers curtail their productions be-
cause they produce in high rate coun-
try and sell their surplus in low rate
country, and thereby affect the price OF
that on the market here at home, even TO
below the cost of production? 1t Is said
we must have protection for the Ameri-
can manufacturer Chat produces under q
high rate system) to enable him to sell
his productions even at home, let alone
the thought Of competing in for
elgn mart, and by that protection drive
away England from trade relations with
this country, and cause her to turn TO-
ward India and encourage that country
to supply her with wheat and cotton,
because we will have none of her and she
will, naturally, have no more of US than
she can help. Suppose the time would
come land the trend of the facts seems
to point not far diStanO that England
would say: We are not dependent upon
you; we will place an embargo or high