Milford chronicle., 1904-10-28
TIE DUMPING" POLICY
II Prevents Depression and K
Our WorkinRmen Emp,o,os -

winters and speakers r..
quently try to make political canit., ~ y
claiming that the protective tariT "a a y
sponsible for the fact that our ev,as.I' Sc "
IN some cases sell their mercbond,n. 'e'a
less than prices charged in tho 'fs a
market. Tue nome
1t Is the very root Of succsss -
Commercial! ventures to hold wbot aa
nave and gain what you can .nS ~. gVl
is the same in all highly advance euiS
mereial nations, including England I'm Joiu'
free trade prevails. Whenevar a ..' Iele
factnrer has produced more goods ,S0t
he can dispose of in the home m,rIs. Ian
without disastrously affecting nrico.
is always good business policy Tor bin, .
try to get rid of his surplus abnoo5 -
er than to reduce his output and ~
dentally the number of men ha o1,,,l-l
ana the wages he pays them Tb;.
dumping policy, as the Democrats AN
IT, has again and again served ,o ~.
vent depression in our home markets "a
has saved millions Of dollars in - ~l1
TO American wOrkngmen. 1t is in6p,,a
y better that the foreigner should occs.
sionally get goods cheaper than tho.
can be bought at home rather than ~,
have such surplus sold al all. and A.ne,;'
can mills he forced into idleness ana
American workingmen into seriouS osa
in wages. SA'
How British manufacturers Dnrsn.
this dumping policy Just the same ny
American manufactures will do who,
the necessity arises. is shown in rsoont
consular reports (See circular No 9Oe7
Department of Commerce and Tabort
Samuel NJ. Taylor, L. S. CoDsul at Ga,
gov, Scotland says:
Manufactured steel for export is so,5 .,.
70 10 per cent less than for domestir5usa
ana even NJ greater reduction I'm .+he.
words the cost Of transportation 10 forsirn
countries where c0murtitigu ie brist -
largely assumed ly the British eyporter ~.
mahufacturer hy means Of this reduciion
ts ENeh England Is treated as foreign by the
scotch manufacturer and gets redurtions
accordingly. The Scotch m8prfocturer
neither expects nor receives the same nro8t
on his exports to foreign countries thar be
obtains at home. In Scotland c0mbma
u0n OF prices exists which fixes the prices
OF steel piare for the Whole Of Scotland onf
gives the m2mUers of Inc cOlubiuofion
power to sell IN other districts than Scot.
land, at whatever prices they choose
mag meI tion III this connection thar an
~.
il addition 10 having large works IN the
United States, mas works in Scotland sufn.
cient to supply he European Trade makes
British consumers ray more for machines
manufactured in Great Britain than Amer
lean Consumers pay for those MANUFACTURED
In the United States
Rufus Fleming L. S. Consul at Elin.
burgh Scotland, says:
1t is the policy OF British manufacturers
a Hn HHH HHef ~ HHH.r. 81
the highest possible level and to make what
ever concessions may be necessary IN for
eign markets. Al all times. even when
general trade conditions NJ home and abroad
are excellent, ii is the rule. IN British IN
duStry to quote lower prices to foreign buy
crs than TO the average domestic trader
The difference in favor Of the foreigner or
exporter ranges from ! 10 per cent
have seen invoices Of British firm Of steel
wire manufactures 10 German buyers 10
which the prices We're fully 2oiA per cent
lower than The prices quoted TO home cus
toners. This reduction was not due to an
extraordinary surplus. but princlp2AE 10 y
determination Ia put a certain line Of goods
into competitive markets. In most trades
the one fixed purpose IS not to reduce
prices to British customers until forced 10
do SO.
\ prominent brewer, an ex-memhei u
Parliament. said:
have been dumping ale and beer on for-
eign markets all my life. whenever ] have
had 4 surplus. Practically every mgHufac-
turer in this country sells his goods abroad
for the best price they will bring. when
his stock is too heavy to he unloGded at
home in reasonable time, without break
ing the market.
James Boyle, [. 5. Consul at Liver
pool, England, says:
The mosi interesting instance Of dumping
ssa r..-. -asfrF ..0 tr-fU- U-.h HHT
knowledge. was that Of Brrnuer. Acm
CO.. chemicai manufacturers Of Nofi1Nch
Cheshire. The products involved were stu2
ash and hicarhuHate OF soda. lt was @ uis-
tinct policy Of This firm to sell theF Peg,
nets on the American market at falt
which not only UIdercut the American
product. hut was less than the price rn Eng
fish markets. This went on for sume lH1s
Gntil the firm effected an arrangement VIII
parties both American and foreign, lhiei-
cstcd I'm the safe of chemicals in the United
States and then, as J am informed Decams
part owners i'm chemical factories ln oyie
cuse. y. y. ard in Michigan. beleft
is true. even now, that occasl9ualiy etl'"9t
chemicals and particularly 9lcaroOh4le "a
soda produced iu this nelghb0rl0od' aie
sold cieauer i'm the United States tlan 10
this market. ann Informed tnat It,sg.n r,ta'1
other manufacturers ike the Wei,huIu-
hrm of Ncttlei"iuS (i-iui-eul VI tr3es ana
ham. which makes iron ana bfass NV
wooden screws, often sell abroad cleapi
than at home.
II. Clay Evans, Consul General at
London. England says: Il find that nial,
ufacturers here endcayor to MAINTAIN
home markets. but when they can mo
a foreign market. they will bid for IL
yet il If thew can without too great
loss. and thus increase the demand ~
their output and reduce the cost oi p-y
luction without demoralizins a'n'
prices"
SHAMEFUL CARTOONS