Daily Kennebec journal., 1894-02-02
2o4 To,i<o.
TContiased from lst page.l

lsrge imporrstiona ia anticipation Of large
profits, sn'icipa.iess frustrated BY the Ba,
ring failure isnic, midc c,ea, cnarses in
the case. Many prices id not flsc at all,
and yc. manufacturers, knswsss that there
would te a certainty st'ssst that they could
not - oadly undersc!1 began work.
sIfoften haprens tat men will b,gin
manufacturing under taft hat does not
eaise prices, because fhsy know that such q
tariff will prevent them fYcm going down.
tbs not enough To have goti, IN the natu
raj market at prize which viii tfing q
profit. The manufacturer E.st know
that the industrial e.,epy Cannot force the
p,ice below the rssse Of profit. Then
without any ir..re1se lie may putu plant
This o.lesaii- n of a tariff which doe.
not raise Yoe price, is because industrial
warfare seme,imey assumes this shape. A
rival =. .aker may facrifce his goods IN order
~ sacrifice another mans factory, or 10
vncyent the establishment of a acoinpe,i!or.
II there be tariff, then which will not
rai.e psices but which viii maintain them,
then the native manufactures risk in build
fpg factory j. limited. He may be put
10 a hard struggle. but he cannot be aatr,
out If band. He will have a fghiins
cbS,4ce.
"'Tbere are, hoxever, 90 many iustauct S
where the foreigner pays the tax that there
is no wonder that the assertion has been
made broadcast TIE Burmuda vegetable
men af,ye Ied before this very committee E
TO urse this very fact. Canada, both under
Rire present law ard just after the repeal OF
1e reciprocity acr, is a multitudinous wit
ness all along our borders that the foreigner
pvs ~. 1,roreI nv NO az. nj lso0 has
ia sr :. 80, .,,t 80 o,r ,rsasurv into Cans.
~ N" " 80. - e..
..n.,;,, sI,r, .ho,r, ,hot evs, wha,.
,..;G , W n.;a bu ,,.o oearo;rner,nItbe
80 go nn, " r,;sea ,here NAV be some nrosec.
~ ~ H., -, CO. ,b., s,rost;on ,,bothor wbere
,nn 80 = srs;ssa arl de- consumar navs
..e WV. ,'s,o pisI 80 nar, of :, ,be-o ia INV
h'ne,t @ tI,o to nmr % " country @ III, ,rabv Does mo-,
sbc nublic suffer for The benefit of The few !?
No, for The beneit of the c,nitalst. for in
ybc long run your own polilical economy
,y;I, sbnw yop that nrotected Industries will
NOT obtain anv greater remur Grafton than
tho npnrotecteie The same is all they ask
for and more than thew often get.
,.Rnt ,ye need nat denend uron political
ecanom;sts for thev are alxavs unsafe
TIC rpn,leman from Massachusetts (Mr
DranerN in bis admirable speech has dom.
ops.rated that fuct In Nass,chnsetts th,y
have statistics so well collected that thev
mean something. and those statistics SHOW
tl,.t Massachusetts manufacturing stocks
rav 81 per cent. Boston bank stcck So
per cent ana in New England rsilroat
stocks / % per cent.
"Let me mt the assertion in another
form. If YOU will give me all that csnital
bas made en- railroads. an unnrotected in.
dustrv, will give Won all tbot can;tal has
made nm factoIies and agree 70 rsed tho
hungry crowds caused by the wilson hill
and not claim apy virtue for INV charity
..rha nublic sg,in do ,,nt s,fr.r f,c Tho
sake of tie emploSes ~ the nrotecfed in.
dustries far tbe,. on, ~ ,;,,h ,nae,ns u, ~
the unprntc ,,5i +, facf tha Increase
goes to .,co q. ,cucb "a n re other
g., h'tlt t,,a n,;lIs of Val R;vo,2
y,., ,noae ,ha r.acl;narvs Wbo fu,ni ,he1
the, ,rn,; ;o,s ard the ether ror.rmabl.
woa,ih vh;rh EslI River and ito mills de-
,.anas Tha ansn,ar n,,st ba tho wbola
IYni..,. s.ntss .nnt, sars nv onost;onsr
IL nc,, onIv d;.,r;hnt, ;h,s mnnsv wbirh
49,. w ou,s o'.o tos -, n,ra U n,;a, annnn
:. ou on";n ,rho u,;J i what - ,l,a good ),
If ,hat Voc au ,he-s was to II could an.
.,rsr th.t a. i,ast ,hsro was M lose Rut
hannn1 auast;nr III, svstan, ostahl;.hss
;n1,s,,;a, NohnIv c.r aouh,
,h,t n;rona;eaa i,,a,,s,,;os o.l ,s,, olJ ,ha
,,nrt ;rn ,orors of ,ho wor,5 Some mon
wv, s,,s, rs e.. ~ ,h;ms son,o Gov sno,bor
~ ~, .n,, ~ Eli, III 40 nnwors
80 -. ona, 10 a.;o, ;s hora
W oou o." III N INV III D. .h,s ,,aar.
'us'esa ~ "n.en ns es us y,nna az oa,, ha
,ne 1T 49,. ~
n.y. ,, 49, - ~ ~ nnd 80 ~ shny
l'o snp,o' 80 40, - s ,.n.,t,, n;rn,s;
" .he 'atSe sai"' e,eu ". 80;
!, ,cu ihuuSui.' eu.oa'. .ne psop'V III e
.9c''' pioatoi suaoa',Un % ~, .h"" ~ 49, I"n
sNe, "uo % neip' w" w pa WV 80
srea'.1 c'i .]a'lon ,:,;';s w '"as. - J.. -
sec" .'a' s.ea,ei eNnina .;n 'e'Is -, W ns
Ways 70 ste"Asr p'o!ue'' 'n Ia Ioun
'ry vi ,.isn Nsges 'l'ere atc s'eass. ,nuueo
menus ioi "en.ois' ~ ~ IaN -
py .'eu tu'enions, VIM" "'e '"e'eioi'
"'ots reauiiy "uoP.eu;
sum IL up /. .n,' pro'ec'ioa s,es u
money an" n'en, ana ou, .as' eou'"y
neeos oo.u' IL may sho" WY We na'e ."
won9erI"i,y PfosPei,u' - ~ uoes aui III
enhea 10 .n.nN 'na. 'ne way 10 nave two
J'o' "."e ~ ''" - W :. VI,