Santa Fe daily New Mexican., 1897-09-27

LONDON SHOPkEEPERS LOSE AMERI-
CAN CUSTOMERS.

The Fad of Purchasing Clothing Made In
Europe Checked by the New Tariff Bill.
Other Ways In Which British Trades.
men Will Suffer-United States Benefited.
Since the Dingley tariff was signed
the English papers have been largely
occupied in criticising that measure, of
course predicting disaster for the United
States and muttering forebodings as to
the deplorable condition in which the
American wage Garner will soon find
himself since the opportunity to earn
any wages has been restored to him.
Extracts from some of these articles are
reproduced and commented upon this
week. A few of the English papers
bluntly acknowledge that our protective
tariff must iniure them, and from
among such opinions we quote the fol-
lowing from the Sussex News of July
20:
Tradesmen in this country have had their
last flip in American customers in the au-
tumn for some years to come. Next year
there will be less money expended in buying
clothes and undergarments, and all articles
likely to be assessed ON their full value on
reaching an American port In other direc-
tions the new tariff is going to do large
amount of real mischief. 1t will check our
exports. 1t will affect our freights. 1t will
reduce the number Of ships engaged in the
Anglo-American carrying trade.
1t is very true that British Grades
men" must suffer under our tariff for
protection. Inversely the American
''tradesmen" must gain, and it is quite
time that there should be a "fillip' in
our retail trade, which has been sorely
taxed under the Democratic free trade
tariff Of 1894. We need not wait till
"next year" for the expenditure of less
American money Sin buying clothes
and undergarments" of British brand.
The expenditure of this money abroad
has already been checked, we are glad
to say, and the fall trade in American
retail stores promises to gain proper
tionately. The purchase of European
"clothes and undergarments" is very
largely fad, and those who choose to
indulge therein can very properly afford
to pay, as they should do, the Ameri-
can tariff duties which will be assessed
on their full value
But this is not the sole direction in
which British "tradesmen" will suffer.
As the Sussex News says, there are
"other directions. 1t will check their
exports of purchases made by wholesale
as we'll as at retail. 1t will check the
output of their mills which make goods
for export It will curtail the employ
ment of their labor, thus lessening the
demand for the products Of those mills
which supply their home demand. 1t
will tend to contraction Of the earn
ings of British corporations, with cor
responding decrease in dividends. These
are some of the "other directions" in
which English and other European
traders will suffer through the estab-
lishment of the American policy Of pro-
lection.
But still there are others. "It will
affect our freights, says the Sussex
News. True. There will be less foreign
freight to carry to American shores, and
this Twill reduce the number of ships
engaged in the Anglo-American carry
ing trade" This will hurt the marine
insurance Business of British companies.
1t will iniure the business of their ship
yards, lessen the demand for new ships,
reduce the cost of repairs, throw men
out of employment in their shipyards,
still further curtail the consumption of
the products Of their home mills Not
only will there be less American money
expended in buying clothes and un-
dergarments" from the British Grades
men," but there will also be decidedly
less British money available for circu-
lation among the British "tradesmen. "
Take it all in all, our 'new tariff is 60
ing to do large amount of real mis-
chief not only in England, but also
on continental Europe. On the other
hand, it will "do large amount of
real" good in the United States