The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-06-20
CITY OFFICIAL PAPE1-
SEATrLE, TCESDAY, JCNG -
4 SEW roLITICAL ECOxsnasT.

4 NEW POLITICAL ECO1ouaoT.
The full report Of the testimony given
by President Havensyer. Of the sugar
trust before the Industrial commission.
- published In yesterdays Post-Intellt-
esucer. viii ts read with much interest.
hut Mn NOT add - the sugar kings
Iaursls q . political economist. II must
be borne n mind that MT. Hayemeyef
= ! dysd-in- the wool Democrat, firmly
attached TO the principles Of his party.
and IN asdene ballevss n, II not m adj
vocate Of. free trade. This may possibly
account for his apparent inability to un-
derstand the tarin policy ef the Repub-
lican party.
According to Mr. Havsn6syeT. the sose
object Of : protective tariff 10 to enable
the manufactures 10 make more than =
legitimate pro0I Re therefore asserts
that . 10 per csnt nd vAloren taria 10
SUFFICIENT projection for amp manufac-
turss. nttsriy regardless Of the fact that
In the case Of many articles the differ
ence in the price Of labor entering into
their product paid by the American
manufacturer ID much more than 10 per
cent. I'D valorem. II labor Is to receive
any protection At all. which Mr.. Have
meyer evidently does not concsde. the
duty must be greater than the maxi
mum sugxestsd b. him.
The theory Of the Rspublicaa party
has been and 10 that TO enable the home
manufacture 10 compete with the large
plants ard cheap labor OF Europe, s.n
adequate protective tariff 10 necessary.
and that such protection should be con-
tinued until such time a. the industries
thus fostercd have become thoroughly
established and able TO compete In the
world9 market with their rivals. The
tima has come when the tarifs on many
articles Of manafacture can and should
b reduced 10 the lowest point consist
ent with revenue purposes On other
articles the protective feature of the
tari6 should be retained. Mr.. Have
meyer II welded 20 the Democratic
fetch Of an ad vaiorcm duty for reve-
nne purposes only. of course with ample
protection for sugar. which, he says. 70
not protected in the right way. He OBJ
3ects to protecting the American grow
sEs by duty on raw sugar. but wants
Eood-sised duty levied on refined
sugar
OF course. Mr. Havcmayer defends the
trusts and makes great many sound
observations concerning them. hu, his
rather startling assertion tina, seorpor.
seions are under no obligation what
ever Ia any ~ the states for their ex-
istence: quite the reverse~the sta,es
are under obligations to them" vii. NOT
Be consented Ia by many. He Is correct
In derrecasing III advised and hestie
legislation against capital.
Mr.. Havemeyer's emphatic assertion
that a high protective tariff In the
mother Of trusts will he seized anon nv
the Democratic free traders a. choice
rnersei Of wisdom and the other fessur =
cf his rather noteworthy testimony ig-
norea By them His view Of protection
" disssncsivels Democratic ard r,txAt
have been written by tire author Of tn.
famous Wilson htil The valsse and ef-
frctiyenesS ~ protective tariff "a me
country has SGT heyeni the arxxs-
rensasire stage wlsh the reorse. WHO
look 20 results mere than 80 theories
and what MI HaSenexer shinks or saws
ni>on the sahiert vii! have u.st~ ssr 20
weight With them