New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-24
that must be quickly answered. Inc cuoaA
leaders, or the Cuban people rising superior ~
their leaders, alone can answer II.
CREATING INDUSTRIES.

Some people have estimated that this country
owes to the outside world, in interest and dlvi-
dends. about S44.OOO.O0O a year. They study
the record Of movements for forty years ana
make allowance for stocks and bonds defaui'eu
and practically defunct. especially of some
Southern States. and arrive at the conclusion
above stated Now S44.000OOO a year is Dig
tax for a nation to pay to the outside world
for the privilege of existing But this same
country used to pay more than S1o,ooo'ooo
year for It's tinplates above what it pays now, SO
that a single clause in a tariff bill cut oil a
third OF the supposed Indebtedness. why shouio
not two other clauses in a later bill wipe OUT
the entire balance. and leave the Onited states
creditor Of the world?
Ii would not be cheering outlook FOR sundry
foreign bankers and manufacturers. but IS IL
quito beyond the range OF probability! we III
port many millions worth OF sugar and pay for
it much more than S4i.0OO,00O yearly. II inc
sugar can he produced in this country, why not:
Would II he a amentable thing for Americans
to find themselves every year creditors in the
worlds markets? So we have 10 import eacn
year many millions worth Of linens Would IL
be a hardship to Americans If these Millions
which they now pay 10 England ana ireland
were distributed among American workers 70
pay for products Of American farmers ana
mills:
The philosophy Of Protection has made con-
siderable advance within the last few years ana
that advance is one which marks new era IN
economic discussion. Not long ago all the talk
was OF protection for infant industries. and II
was supposed that an Industry must DC SHOWN
TO be on the one hand established. and on inc
other but recently established and in need, IN
order to deserve consideration. The idea that
n npn-exstcnt Industry should be protected was
In those days scented rs crazy. Yet the man
ufacture OF tnplates was non-existent in lSoo'
and It pays this country 4 great deal more than
$l00OO000 year as matters now stand. Inc
production Of sugar by beet culture was started
by the same Mckinley tariff OF 1870, ana may
yet pay the country several times as much
every year. The linen manufacture, never yet
deccntly protected because II was considered
non-exsten, springs into being with the Ding
10y bill. and II Is 10 he determined hereafter
how much It VIII save Americans.
The dismal and cowardly philosophy OF old
times was that any industry must first be estao-
lishcd here. although in an infant condition. be-
fore II could with prOprlety be encouraged by
the Government President Mckinley. when
leader Of the House Of Representatives. had the
honor OF sweeping away all that rubbish with
his tinplate schedule and his sugar bounty. The
only question FOR br'Ghteycd men who are able
10 soc to morrow IS whether n new industry can
bc transported to American soil. II so. all the
windy orltons about creating monopolles for
the benefit OF few possible investors in a new
Industry may bc lcfi for the waste-baskct No
where else does Protection demonstrate its wis
dom more completely than In the creation Of
industries which in tho estimation Of fanafcal
FREQ Traders. had no business TO ask protection
because they were non existent.