Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1901-03-02
ECONOMIC PROFESSORS ON THE SUB
SlDY SCHEME.
An Effort of the Subsidy Press Bu-
reRu to Develop support Proves n
nOomerang

An Effort of the Subsidy Press Bu-
reRu to Develop Support Proves n
Boomerang.
The press bureau maintained by the
subsidy bill lobby and their senatorial
confreres has been doing. heroic service
of late. For some time Mr.. Alexander
r. Smith, one of the well known whoop-
ers-up Of the ship subsidy propaganda,
has been the director general of this
bureau. Recently Mr.. George w. Rou-
ger, formerly the head of the Washing
and later the press representative of
the Republican national committee, has
been given high position on the staf.
His acquaintance with Washington
newspaper men as well as with repre-
sentatives and senators makes his serv-
ices very valuable He Is "a high priced
man, but this is high priced bill
This press bureau in branching out
for new means to influence the public
and thereby the senate has lately sent
out letters TO a number of college pres
idents and political economists asking
for expressions concerning the subsidy
bill. A number of replies have come in,
but they have not been printed. Their
conclusions were on the wrong side Of
the question.
For instance, Professor f. VI. Gid
dings of Columbia university in writ
ing of the bill said: "This bill believe
to be thoroughly rotten piece of NOR.
al and political depravity. 1t is per-
fectly well known that the United
States can build steel ships better and
cheaper than any other nation. There.
fore it is difficult for even an unsophis-
ticated mind to escape the inference
that the subsidy bill is steal, known
and intended to be steal"
Professor Mayo-Smith of the chair of
political economy, Columbia university
said, There is no certainty that the
necessary facilities for export trade to
countries Offering the most desirable
markets for the United States will be
secured"
Said Professor S. NJ. MacVane of the
chair of economics and history, Har-
ward university, IF the Republican
party wants to commit suicide, the
passage of this ship subsidy bill would
be all that would be necessary"
Professor II. n. Carver of Harvard
university said, owing to the develop
ment of the steel industry, this would
be the worst occasion for placing a
bounty on shipbuildlng and the one
time in our history when it is least
needed"
Professor Charles IL. Hull of the
chair of economics, Cornell university,
said: "Such congressional dctaton
may be In some cases for the public In
terest, but the presumption is strongly
| against its being so. In this particular
case have seen no argument of public
interest that seems to me strong enough
TO overcome the adverse presumption.
What forces of private interests are al
work the mere economist has no means
of knowing"
Said Professor Daniel of the chair Of
political economy, Princeton, "In gen
eral, subsidies such as those proposed
are, in my opinion, indefensible."
Professor James w. Crook of Am.
herst said, "Our experience is against
the efficacy of such system"
Professor +. Il. Jones of Union col
lege said mot one sound economic ar.
gument can be urged in support of the
ship subsidy bill. The principle involy,
ed is a species of paternalism, having
none of the redeemng features of the
protection theory and all of 1t falla
ces."
These are but samples of a large
number of adverse opinions expressed
by college professors and political econ
omists. They are men who have nc
ships 10 sell and no exports to ship an6
whose views are entirely unbiased
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