Idaho Springs siftings., 1904-10-29
TIE DUMPING" POLICY.
II Prevents Dspressioa and Keep
Our Workinx mem EapaoyeA

II Prevents Depressioa and Keep
Our Working msn EopaoyeA
Democratic writers and speakers ire
cnenriy Try TO make political capaas By
claiming chat the protective tariR = ~
sJ,s.lsible for the fact that eur sxportars
in some cases sell their msrch1ndiDs It
less than prices charged In the home
market
IL is the very root OF soceess In all
commercial veutures To bold what you
have and gain what you csu. nd this
is the same in all highly aavssced com
mercial nations. including Eosissd. where
free trade prevails. Whenever q n~nu-
faeture- has produced more goojs han
he can dispose OF in the home market.
without disastrousiy affecting prices, II
Is always good business policy for him 20
try 20 get rid Of bis surplus abroad rath-
er than to reduce his output and Incl
de1tsily the number of men he employs
azd the wages ne pays them. This
dumping" policy. as the Democrats cali
r. has again aud again served to pre-
vent depression in our homo markets and
has saved millions of dollars tn wages
20 American workingr,en- IL is infinite
iy better that the foreigner should ocsa
siolaiiy get goods cheaper than they
can be bought ar home. rather than not
hsve such surplus sold at all. and AIneri-
can mills b. forced into saiencss and
American workinsmen into serious loss
in wages.
How British manufacturers pursue
this dumping policy just the same as
American manufactures win do when
the necessity arises. is shewn In recer,
consular reports. (See circular No. 20F.
Department OF Commerce and Labor,
Samuel NJ. Taylor q. S. Consul at Gas
cow, Scotland. says:
Manufactured steel for export is sold for
10 10 per cent iess than for domestk use.
And even at a greater reduction. m other
words the cosf Of transportation to foreign
countries where competition is bsssk ~
largely assumed by the British exporter
manufacturer by means of fhss reduction
Even England Is treated as foreign hy the
Scotch manufacturer and gets rpt,nctiops
accordingly. The Scotch manufacture
neither expects nor receives the sane profit
obtains at home. Ia Scotland q combIna-
ffnn Of prices exists which Exe~ the prices
of steel plate for the whole Of Scotland, and
gives the members of the combination
power to sell In other districts than Scot
land. at whatever prices they choose I
may mention in this connection that an
American sewing machine company. which.
In addition 10 having large works In the
United States, has works In Scotland sun
cient TO supply the European trade. make.
manufactured In Great Britain than Amer
lean consumers pay for those manufactured
In the United States.
Rufus Fleming. U. S. Consul at Edi.-
burgh. Scotland. says:
II IL the policy Of British ma nnfacturerp
70 maintain prices in the home market at
the highest possible level and to make what
ever concessions may be necessary In for
eign markets. At all times even when
general trsde conditions at home and abroad
are excellent, II is the rule. In British In
dastry. to quote lower prices to foreign buy
49, -
The difference In favor Of the foreigner or
exporter ranges from Z TO 6 per eeat- ]
have seen invoices OF a British nrm Of steel
wire manufactures to German buyers IN
which the prices were fully Oh per cent
lower than the prices quoted to home Gus
toners. This reduction was not due TO sn
extraordinary surplus. but principally to q
determination TO put certain line Of eoodr
into competitive markets. In most trades
prices to British customeSs until forced to
do
A prominent brewer. an ex-mznber OF
Parliament. said:
! have been dumping ale and beer ON for
eign markets all my life. whenever ! have
turer in this country sells his goods abroad
for the best price they will bring. when
his stock Is too heavy to be usicaded AZ
home In reasonable time. without break
ing the market.
James Boyle. U. s. Consul At Liver
pool. England. says:
The most Interesting instance Of dumpiBg
In this Consular district Of which I have
knowledge. that Of drummer MoDd 4
Co, chemical manufacturers of Northwich.
Cheshire. The products Involved were soda
ash and bicarbonste Of soda. II q dis
tinct policy Of this nrm to sell their prod
ucfs on the American market at q rate
which not only uudsrcut the American
product. but was less than the price In Eng
llsh markets. This went on for some time
until the trm effected arrangement with
parties. both American and foreign, inter
ested In the sale Of chemicals In the United
States. and then. as ] am Informed. became
part owners In chemical factories In Syra-
euse. n. Y. and In Michigan. ] believe IL
chemicals. and particularly bicarbonate of
sold cheaper In the United States than In
this market I am Informed that certain
other manufacturers. like the veiIknown
firm Of Nettlefolds dsmitedj Of Birming-
ham, which makes iron and brass and
wooden screws. often sell abroad cheaper
than ct home
ii. Clay Evans. Consul General at
London, England says: Il find that man
ufacturers here endeavor to maintain
home markets but when thes can fnd
q foreign market, they will bid for IL.
get IL if they can without too great q
loss. and thus increase the demand for
their output and reduce the cost Of pro-
duction without demoralizing home
nriceS