Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1903-09-21
FAVORS CHANGE
BALFOUR ON GREAT BRITAlN'S
FISCAL POLICY.
Prelude to Speech Which He Will
Make at Sheffield October T..
Saws Free Trade Policy Cannot
Succeed in World of PrOtec-
tiOnists.

Succeed in World OF PrOtec-
| tionists.
London. Sept. 16.-Premier Balfour
has issued the advance sheets OF pam
phlet on the subject of ''Insular Free
Trade" in which he presents at length
arguments in favor OF q change in
Great Britain's fiscal policy. In intro
i ducing the pamphlet Mr.. Balfour says
his purpose in issuing it is that it
would be impossible to put all the i'm
portant points in question within the
limits of a single speech, and therefore
he says the pamphlet may be a fitting
preliminary to the speech which he
will shortly make. This undoubtedly
refers to the speech Mr.. Balfour will
make at Sheffield October l.
Mr.. Baltour Gays he approaches the
subject from the standpoint of free
trader as far as contemporary circum-
stances will permit. He continues:
Il am free trader, but not of the
pattern which holds that the doctrine
Of free trade is 81 universal in its ap-
plication and SO capable of an exact ex-
preston that every conclusion to which
it logically leads must be accepted
without hesitation and without re-
serve
| The arguments throughout the pam
pbelt vary little from those already
enunciated, but the premier points out
that as a result of England's policy OF
retaining fiscal policy made for free
trade country in a world ot free traders,
not for free trade country in world
OF protectionists, the rate of her export
trade has not increased. and, in fact,
has seriously diminished.
symptoms Of Decay.
Compared with past years, some de-
partments show no increase, while 9TH
ers show symptoms OF decay. The pre-.
mier asserts that there is no reason to
expect an improvement. Meanwhile
Germany, America, France. Russia,
and even Great Britain selt-governing
colonies, continue TO build up pro-
tected interest whiting their borders.
Mr.. Balfour says the mistakes made
by the free traders half century age
have left Great Britain bearing all
the burdens and enjoying only half the
advantages which should attach 10 the
empire. He devotes much space to tbs
effect of protection upon combination:
in countries in which protection exists
This, the premier points out. is 70 the
disadvantage OF the British mauufac-
turer. who is unable 10 compete with
the Manufacturer who is able TO sell
abroad AT s. price lower than be
charges for the same article at home
. He gives an instance OF the German
steel in this particular, saying that i
is selling cheaper in England than the
English manufacturer can possibly pro
duce il.
Mr.. Baliou- declares that the optim
lists who advocate a continuance OF the
free trade policy in spite Of the injury
worked by protection on Great Britain
interests are foolish. and their argu
ments little short Of reckless. The on.
Il possible hope O.; a mitigation Of th,
evil is through negotiation, which. ht
says, can only appeal to self interest il
foreign projected countries. and in tie
case al the colonies TO self interest cou-
pied with sentiment Mr.. Baliour con
Guides:
Should Remove Bonds.
Were I proved to be wrong. n!
opinion on the fundamental question
. would remain unchanged. Where TX
. fail others may succeed. l. cannot X
right Tor 3 country with :reA trade
Ideals 70 enter into competition with
pro,ec:ionis: rivals, sel:-deprived o: n,
only instrument whereby heir policy
can conceiyahly te uodifed. TIE mos
essential object Of our national effort.
should ne 10 get rid a the bonds ii
which We have gra:uitoulsy entauelel
ourselves. Tie precise manner N whi11
We should rse ctr regsineG liberty j:
important. yet after a. only s second
ary issue.
Nj. Bal!ours pamphle, Is reprint
a notes which were c;rCu.2ie! aUcrs
his CO. eagu-s ). The cabinet meeting
early In August. and are published. Z,
explains. because he thinks they II ;ct'
obtain a larger circcr.A-ion than that
:or watch hey acre originally written
Inc publication O. tie pan phlei In
ueiia:eIy after The mouertocs cabinet
council, held yesterday ana today i1d.-
c,aas tha. !: cn bo.iies : sts.en,el, a
policy accepted. -, rather. Aosr;es,ei
. II oy tie nla.. ori;y 81 .he cabinet. 1
this ass1n- p.iol !: correct. then i
means Al at2r3o1 went O: the :3ea q
preferred tariffs with colonies ari iht
taxation c: tooi in iayor o.! = system OF
-e:A.ia.o-v duties Even his, howeve-
i tentative.
Nj. Ba,:.r-. II lis speech oc:oos-
expects = elaborate ani *; ain Ii:
caae. ani then :he csbiae; vi. to-e :
watch Is reception r. tie conservative
delegates.
Pay Sacks stolen.
Ni,.o-ia. +. {. sep. Mine thon-