The sun., 1893-10-19
i down, and down It & going, Now
some Economlc TrntLa.

Ouf manufacturers, especially th03e
well shielded by tariff walls, form
trusts which exact the highest possible
price from the American consumer,
while they continue to sell their goods
at far lower prices to unprotected for
eigners. This Is true In regard TO
agricultural implements, cartridges,
sewing machines, type-writers, saws,
axes, and many other kinds of hard
ware and tools. 1t isplain that in such
cases the tariff becomes what the New
York Tribune calls IAN instrument of
extortion." The American Economist,
the chief priest of high protection
which swallows it's Bible whole, finds
sOphistry thin enough to Justify even
this high-handed proceeding Of the
tariff-fondled trusts. 1t has column
entitled Tariff Quiz" in which it ex-
pounds the great economic principles
underlying McKinleyism. We extract
the following clear and lucid explana-
tion OF this iniguitous tariff phenomena
from its issue of Sept 20:
PROTECTION AND FOREIGN MARKETS.
mo. 4.-If you manufacture goods in
this country and send them abroad and
undersell foreign manufactures in for
eign markets, what good, in such cases,
does Protection DOT. s. Owen, Cor
respondent American Protective Tar
III League, Lebanon, Ohio, September
8, 1893.
at has been claimed by the party of
Free Trade that Protection prevents
American manufacturers from shipping
American goods to foreign countries
and competing with foreign manufac-
turers in foreign markets, but this is
only theory, as our statistics of export
well show. Protection does increase
the price of goods, which is checked
by domestic competition, but the OBJ
ject of Protection is to enable our wage
earners to find good and constant en-
ployment at wages better than the
average rate paid for foreign labor.
Protection lin such cases as our cor
respondent refers to, enables us not
only to keep the foreign goods out of
our own markets, but also enables US
to enter the foreign markets and there
compete with foreign goods, while at
the same time atfording more work for
our wage earners at better rates of
wages than are paid to the foreign la
borers. Protection enables more in
dustries, thus creating more demand
for the products of each and enabling
factories to run on full time. which
Any sample wayfaring man who be-
lieves in Protection land such are usu-
ally simple enough to be caught on tin
hooks without bait) ought surely to
feel secure in his position after reading
and studying this explanation. Sup
pose he analyzes it to extract from it
as many simple truths as is possible:
Protection does increase the price of
goods.
1t also cheapens the cost of the prod.
uct.
1t increases prices that wages may
be higher.
1t cheapens cost to enable more in
dustries."
1t keeps foreign goods out of our
markets.
1t also enables us to enter foreign
markets and there compete with for
eign goods.
COROLLARIES TO ABOVE ARE:
Protection increases prices at home
to raise wages, but higher wages causes
cheaper cost of production and thus
it enables us to sell cheap in foreign
markets.
This cheapness causes more demand
for our products and enables factories
to run on full time. Therefore,
Protection not only protects our dear
labor from the cheap labor of Europe,
by preventing our markets from being
inundated with cheap foreign goods,
but
It enables dear-labor goods to under
sell cheap-labor goods in their own
markets. In time then,
Protection will deprive foreigners of
both our and their markets and leave
them with nothing to do but to pay our
tariff taxes and to consume our protec-
tion goods.
Verify protection of the Mckinley
NEUTRALITY-SUSPICIOUS. is the greatest
! economic discovery on record. 1t will
not only up-build the industries of the
nation that adopts it and bring high
wages, prosperity, exemption from tax
alton and good luck to all that abide
therein, but it will strike terror into
foreign industries and enemies and. at
| last, wipe them from off the face of the
earth.
O, thcu great and mighty Mckinley,
who hast discovered this law of the
economic universe whose application
brings peace and good will to alex
cept these unfortunates not under it's
protecting wings-to thee will we sing
songs of praise forever and ever.
B. w. H.