Griggs courier., 1893-10-06
EDITORIAL NOTES.
And Other Matters of Interest
to the Readers of the
Courier.
Including Clippings From Our
Exchanges and Miscellane-
Gus Matters.
A DOUBLE MARKET

n DOUBLE MARKET.
We have said that there are cir
cumstances in foreign market which
make it necessary to the commercial
prosperity of that market that the
market OF another country be invad-
ed and made subservient to it. TO
illustrate: Let England be that tor
eign and the United States the home
market, or the market OF another
country. Now let England produce
more than she can possibly, sell at
home. Soon there will be glut in
the vicinage market, and the result
will be to cheaper the goods, or
curtail the power of production.
When goods have to be put on the
market at actual, or less than cost Of
production their manufacture must
cease.
A business to be profitable must
yield more than running expenses.
A business that does not do that
must come to standstill. A farmer
who can make nothing above the
cost Of his seed, and the labor in
volved in the crop, must give up
wheat raising, or his farm. A glutted
market means the curtalment of the
power of production, and that means
business depression. When mills
have to stop because there is no
market for the goods, operatives are
thrown out Of employment; and
operatives out of work earn no wage;
and where there is no wage there is
nothing to buy with whether goods
are cheap or dear. To avoid all
this the glutted market must be re.
l'eved and in a way to help the wage
Garner. This can be done by put
ting the surplus goods into some
other market.
Now here IS circumstance which
justifies the foreign market in invad-
Ing another country; but it does not
follow that that country, the United
States for instance, should allow her
markets to be invaded. While it
may be good thing for the foreign
market, and we admit, without hesi-
tation, that, for the time being, it is,
1t cannot be for the market invaded,
unless the products thrown upon it
are such as are not, and cannot be
produced in it. If those products
are such as are grown in the invaded
market, and by being put upon it re-
duce tn price below their cost to the
producer, it would be an evil as it
would tend to destroy those indus
tries. When there is no money to
the farmer in the products of the
the farm agriculture will perish. II
Under tree trade, potatoes can be
xfown in Canada and put into the
New York market cheaper than New
York can grow them then New York
will lose her potato industry. If
Manitoba can supply Minneapolis
with wheat cheaper than Dakota then
Dakota will suffer in her wheat in
dustry.
So with manufacturing; if those
articles which the mill and factory
turn out are put on the invaded
market at less price than can be
made then the result will be disas-
trous to those industries. Our own
history shows that sooner or later
they must perish.
Put now young and undeveloped
country, like the United States, at
the mercy of an old and developed
country, like England, and the result
will be disaster to the new country.
No mntter what the natural resources
If competition is such she is unable
70 develop them, she is weak.
A country haYle to be invaded by
the over production of a mother
country, to the Gripping of her farms