Griggs courier. (Cooperstown, Griggs Co., Dak. [N.D.]) 1885-1902, 1893-10-20
EDITORIAL NOTES.
: And Other Matters Of Interest
to the Readers of the
Courier.
) Including Clippings From Our
Exchanges and Miscellane-
Gus Matters. =.
PRofECTION.

PROJECTION.
What is projection? The tunda-
mental idea is this: The productive
and manufacturing industries of the
country should, as far as facts show
it to be, necessary. be protected
against uniriendiy and injurious COM
petition in our own markets by SINH
lar industries in other lands. Is
protection. necessary? We think it
Is, and for this reason: The econ
vmic history of this country. from
The earliest period, shows that when
our manufacturing, agricultural and
commercial industries have not been
protected they have declined; and
when protection has been restored to
them they have prospered. The
question is one of fact and not Of
theory, and is to be determined by
actual experience. "From 1888 to
1880 the trade of the thirteen old
states was perfectly free to the
whole world. The result was that
Great Britain filled every section of
our county with her manufactures OF
wool, cotton, linen, leather, iron,
glass, and all other articles used here;
and in four years she swept from the
country every dollar and every piece
Of gold. ."-Bolle's Financial History
of U. s. Vol. 2, P. 437.
This experience in free trade led to
<he adoption of our first national
sariff in 1890. From that time to
sae present protection and free trade
have alternated, as one party or
another has been in power, but the
advantage has always been with pro-
lection.
Is protection a monopoly? No.
Il eonfers no exclusive privileges, to
manufacture and sell certain articles,
on any one class. The article pro-
tseted may be manufactured or PRO-
duced in some other way, by anyone
who has the means and skill reauis-
ise. There may be monopoly in pro-
sscted articles as there are in free
trade articles such as anthracite coal
and petroleum.
Does not protection make mon
opoly in prices? No. A protected
business is tree to all. If it is found
~ be very remunerative to those en-
gagged in it other capital will be.
drawn towards it and the supply will
be increased up to, and, perhaps, be-
yond the demand. Producers COM
Pesing with each other will tend to
keep the prices down,
Producers must be sellers, and will
all have to 60 on the market together
and must sell for what they can get.
The law of supply and demand will
regulate the price as with articles un-
der free trade system.
Does not protection increase the
price Of the foreign article in this
market? And i. not that tax on
the poor man? We say "yes" to
both parts OF this question; but it
would not be fair to stop with it.
The price of the imported pro-
sected article is increased to the cost
of the domestic article SO that both
20 on the market at the same price;
but this increase in the price of the
foreign article amounts to the in
creased cost of the production of the
same goods here. The price of the
imported article must be made equal
to the cost of producing the same ar
kicle here, or else we must give up
The attempt to produce it here; but
that would bean evil to the country
which agriculture and commerce
would both feel.
We regulate our own market as it
Il but right we snouli. The tax on
&he imported article is paid first by
<ae importer; he adds it to the price