Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1901-02-08
ECONOMIC PROFESSORS ON THE SUB
SIOY SCHEME.


SIDY SCHEME.
An Effort of the Subsidy Press Eu-
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 we'll 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
ton bureau of the New York Herald
and later the press representative OF
the Republican national committee, has
been given high position on the staff.
His acquaintance with Washington
newspaper men as well as with repre-.
sentatives and senators makes his serv-
ices very valuable. He is 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 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. n. 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 Maro-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 T. N. Carver of Harvard
university said, Owing to the develop
ment Of the steel industry, this would
be the worst occasion for placing
bounty on shipbuilding and the one
time in our history when it is least
needed"
Professor Charles H. Hull Of the
chair of economics, Cornell university
said: "Such congressional dictation
may be in some cases for the public in.
terest, but the presumption is strongl,
against it's 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 at
work the mere economist has no means
Of Knowing
Said Professor Daniel Of the chair of
political economy, Princeton, I'm 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 F. r. Jones of Union COL
lege said, mot one sound economic ar
gument can be urged in support Of the
ship subsidy bill. The principle involv-
ed is species of paternalism, having
none of the redeeming features Of the
protection theory and all of it falla-
cies."
These are but samples of a large
number Of adverse opinions expressed
by college professors and political econ
omists. They are men who have n.
ships to sell and no exports to ship and
whose views are entirely unbiased.