The San Francisco call., 1895-07-16
LUB|N'S BOUNTY SCHEME,
New York Merchants Given an
Explanation of the PrOpo-
SitiOn.
Resolutions Passed by the Coast
Commercial Association Are
Adopted.

NEW YORK, N. Y, July 15.-At meet
ing of merchants to support the propo-
sition of David Lubin, dry-goods ner-
chant of Sacramento, Cal, who advocates
the payment of an export bounty on staple
agricultural products, was held this morn
ing in the arbitration committees rooms
of the Produce Exchange. There were
thirteen persons present. The meeting
was presided over by DR.. Smith, editor of
Seaboard. Addresses were made by Mr..
Lubin, Captain w. w. Bates, ex-Commis-
sioner of Navigation, and by A. J. Wedder.
burn of Fairfax County, Va. The Produce
Exchange management was not interested
in the meeting, the rooms having been
loaned to Mr.. Smith for the purpose of get
ting some shipping men together and con-
sidering Mr.. Lubin's ideas, and was pre-
hminary to q larger meeting, which will
be held in the Ch amber of Commerce, in
case that body decide to entertain these
ideas as worthy of con 81 deration.
Abraham S. Thier, dry-goods merchant
of this city, presented resolutions which
have been adopted by the Commercial
Association of the Pacific Coast. They
were adopte d. Mr.. Lubin was then intro
duced by the chairman and spoke in part
as follows:
I'm 1886 spent considerable time in in
venting an agricultural machine and went
to Europe, and incidentally took the model
with me. visited many of the agricul-
tural shops in Germany, Austria, France
and England. The last one visited was
the Eckert Actien -Gese,lschaft, q large
implement manufacturing concern in Ber-
lin, and l spoke to the proprietor, Mr..
Siedel. / asked him what he would do
with all those cheap machines. He SAID:
1--WE do not sell many of them in West
ern and Central Europe, as our farms are
too small, but We find a market for them
in European Russia and Arabic Russia,
North Africa, Australia and South Amer
ica, and especially in Argentina
II said, IF these machines are placed at
work and are operated by cheap labor, will
not the time come when you will suffer on
account of the very machines you sell SO
cheap?'
mo, he replied; because we have
tariff. We do not produce an exporting
surplus; we import, and consequently we
can fix a price for ourselves.
Mr.. Lubin then went on to say that he
investigated the subject upon his return to
America and found that in addition to the
cheap machinery sold by the European
manufacturers, the American manufac.
turer also sold cheap machinery to cheap
land and labor countries, resulting in the
great decline in the worlds price of agri-
cultural staples.
"Since the prices of staples have declined
about 30 per cent from their former rates,
and the required prices are not maintained
by protection, this tends to the eIimina-
tion of the American farmer and his re-
placement by a peasant tenantry,'' he
said. "To obviate this, my proposition
calls for an export bounty on the staples
of agriculture, in order that home prices
may be enhanced to compensate the indus
tries for the cost of protection by the man.
ufacturers We have got to have an unre-
stricted, absolute free trade, fair show
and no favors, or We have got to raise the