Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-02-02

money, they work for moneys worth.
ssTo sum this all up, England. when she
became free trade, was workshop wherein
was manufactured the raw materisl of the
rest of the world.
s.OfYaw material she hers. If had none.
II. r coal and iron and the invention of the
steam engine had developed her manufac-
lures go out of proportion to the wages of
the workmen that che must have a larger
market. At that time the only idea of
larger market was one that had more con-
sumers. The notion that the market could
be enlarged by those who were already con-
sumers had not entered into the popular
though, yet ler workmen were clamofing
for more pay.
Tariff had readily ceased to be protee-
ton, except on corn, not on that in any
true protective sense. 1t was only tax
like that on sugar. 1t made food dear.
Repeal of the corn laws meant an increase
of real wages. Repeal of tariff oa manu-
factures meant nothing. The whole cru
SADIE of l. $40 was for free food, and Cob
den nowhere says any thing else. Protec-
ton, in our modern sense, 10 never men
toned in any one of his free trade speeches.
AFTER this review of the story Of Eng
lands change ~ill any man dare to cay that
he finds therein any justification for the
present deed of violence which is called the
Wilson bill.
1--WE are nominally 10000, 900 people.
That is what we are in mere numbers. But
as market for manufactures and choice
foods we are potentially 1000 900 a.
compared with the next best nation on the
globe. Nor is this difficult to prove.
Whenever an Englishman earns 81 an
American earns 81 60.
81 speak within bounds. Both can get
the food that keeps body and soul together
and the shelter which the body must have
for 60 cents. Take 60 cents from 81 and
you have 40 cents left. Take that sama GO
cents from 81. 60 and you have 81 left, just
two and one-half times as much. That
surplus can be tpeit in choice food', in
house furnishings, in fine clothes, and all
the comforts of life-in a word, in the pro-
ducts of our manufactures. That makes
our population as consumers of products as
compared with the English population 200,-
600 900. Their population is 81 ,0O0, 900 as
consumers of products which one century
ago were pure luxuIies, while our populs-
ton is equivalent to 200, ,000,0
''If this is our comparison with England,
what is the comparison with the rest of the
world, whose markets our committee are so
eager to have in exchange for our own.
Mulhall gives certain statistics which will
serve to make the comparison clear. On
page 365 of his Dictionary of Statistics"
he says the total yearly product of the man
ufactures Of the world are e4,47+ 900 900,
of which the United States produces fl,-
443 .000, 900. / do not vouch, nor can any
body vouch, for these figures, bu. the pro-
portion of one-third to two-thirds nobody
can dispute. We produce one-thiri and
the rest of the world, England included,
two-thirds.
"The population of the world is l.500,-
600, 900, of which we have 70,000,000,
which leaves ,43O 200, 900 for the rest of
mankind. We use all our manufactures,
or the equivalent of them. Hence we are
equal to one-half the whole globe outside
ourselves, England included, and, compared
as market with the rest of the world, our
population is equal to $1,000, 900.
II repeat, as compared with England
herself as market, our people are equiva-
lent to 20O, ,OOO, 900. As compared with the
rest of the world, England included, we
are equal as a market to 7l5,000, 900.
These figures more than justify the adjec-
tives of the EnRlisman, and the cod facts
of mathematics surpass the epasms Of
rhetoric.
son the question of constitutionslity of
tariff taxation shall spend no time. I have
not been here as long as l have without
on the other side of the cham
<hok.r
tleman on the other side, with swelling voice,
denounces the tariff as unconstitutional he
merely means that he does not like it. In
asmuch as nobody in a hundred years has
even asked the supreme court to pass on
that question, it seems hardly worth while
to discus it. If the father of the country
fresh from the convention, in signing the
first tariff tax bill, signed IN unconstitu-
tional act, the gentleman from Georgia
(Turner) and the whole Democratic party
are better than George Washington-a
thing not hitherto charged upon them.
"But do not the people pay the tariff
taxes, and do they not 60 into the pockets
of the monopolists? Do you believe the
consumer pays the tax or the foreigner!
Well am going to be perfectly frank
about that and answer, sometimes one and
sometimes the other, and sometimes both.
The first thing the foreigner does when .
tariff tax is laid 10 to see if he can get into
our market without paying anything. II 20
then he will reduce his prices. If he can
not he looks over his margin Of profit and
sees if he can, by absaing some part of the
profits, get his goods in. So far - be does
abate them he pays the tax. So far a. he
does not the the rest Of the tax is paid by
the consumer.
"If the foreigner pays all the tax, then
within the limit where his goods can circu-
late there may be protection or there may
not. If, after paying the whole tax, he
still has a margin of profit to sacrifice in
the industrial war, there will be no protec-
lion, or very limited protection. But If
there be only q slight margin, which he
cannot sacrifice without rendering the msr-
ket worthless, then there will be competi-
lion the same as il he manufactured here.
In the latter case he at least can not shut
up our factories.
SIN these cases the prices will not be
raised. But where the consumer pays any
part Of the tax by 20 much is the price
[Continued on I'd page.
Highest Of all in Leavening Pow