The daily palladium. [volume] (Richmond, Ind.) 1904-1905, 1904-10-26

1t Prevents Depression and keeps
Our Working men Employed.

Democratic writers and speakers fire.
quentiy try to make political capital by
claiming that the protective tariff is re-
sponsible for the fact that our exportars
in some cases sell their merchandise at
less than prices charged in the home
market.
1t is the very root OF success i'm all
commercial ventures to hold what Won
have and gain what you can, and this
is the same in all highly advanced COM
mercial nations, including England, where
free trade prevails. Whenever a manu-
facturer has produced more goods than
he can dispose OF in the home market.
without disastrously affecting prices, il
Is always good business policy for him to
! try TO get rid OF his surplus abroad rath-
err than TO reduce his output and incl
dentally the number OF men he emrlays
and the wages he pays them. This
dumping" policy. as the Democrats call
, 1t. has again and again served to pre-
Vent depression in our home markets and
has saved millions OF dollars in wages
To American workingmen. Ii is infinite
ly better that the foreigner should ocs.a-
sionally get goods cheaper than they
can be bought at home rather than not
have such surplus sold at all. and Ameri-
| can mills be forced into idleness and
| in wages.
How British manufacturers pursue
this dumping policy just the same as
American manufacturers will do when
the necessity arises, is shown in recent
consular reports. (See circular No. oo6T.
! Department of Commerce and Lahorl
| Samuel NJ. Taylor, u. s Consul ut Glas-
| gov, Scotland, says:
| Manufactured steal fnr oxp,r, a.. saIs o.
| TO 10 per cent less than for domestic use
| ana even at greater reduction. In other
words, the cost OF transportation to foreign
countries where competition Is brisk In
| largely assumed by the British exporter or
MANUFACTURER 10y means of this reduction.
| Even England Is treated as foreign by the
! Scotch manufacturer and gets reductions
| accordingly. The Scotch manufacturer
| neither expects nor receives the same profit
on his exports to foreign countries that he
| obtains at home. In Scotland combina
| ton of prices exists which fixes the prices
OF steel plate for the whole of Scotland, and
power to sell In other districts than Scot
land, at whatever prices they cheese I
| may mention In this connection that an
American sewing machine company. which,
In addition to having large works TN the
United States, has works I'm Scotland sun
| Client to supply the European trade. makes
British consumers pay more for machines
manufactured I'm Great Britain than Amer
| lean consumers pay for those manufactures
| In the United States
L II ".
burgh, Scotland, says:
| 1t is the policy of British manufacturers
l to maintain prices I'm the home market at
| the highest possible level and to make whit
1 ever concessions may be necessary In for
/ general trade conditions at home and abroad
are excellent IT is the rule in British In
/ dustry. to quote lower prices to foreign buy
ers than to the average domestic trader.
| The difference I'm favor Of the foreigner or
exporter. ranges from To q per cent.
have seen invoices of British firm Of steel
wire manufactures to German buyers In
which the prices were fully 2013 per cent
lower than the prices quoted to, home Gus
toners. This reduction was not due to an
extra ordinary surplus, but principally to
determination to put certain line OF goods
into competitive markets. In most trades
prices to British customers until forced to
do SO.
A prominent brewer, an ex-member OF
| Parliament, said:
| have been dumping ale and beer on for
| efgn markets all my life. whenever have
| turer I'm this country sells his goods abroad
for the best price they will bring, when
home in a reasonable time. without break
| ing the market.
James Boyle, u. s. Consul at Liver
pool. England, says:
The NEST interesting instance of dumping
| In this Consular district OF which I have
knowledge, WAS that OF Drummer, Mond q
| Co., chemical manufacturers OF Northwteh,
| Cheshire. The products involved were soda
| ash and bicarbonate Of soda. 1t WINS dis
tinct policy of THIS firm to sell their prod
ucts Oh the American market at rate
| which not only undercut the American
| product. but was less than the prize I'm Eng
| lish markets. This went on for some time
| until the Arm effected an 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 I'm chemical factories In Syra-
| cuse, n. Y, and In Michigan believe Il
/ Is true. even now, that occasionally certain
chemicals, and particularly bfcarbonate OF
| soda, produced I'm this neighborhood, are
| sold cheaper In the United States than In
| this market. / am Informed that certain
other manufacturers. like the well-known
| firm Of Nettlefolds Uimited) Of Birming-
| ham. which makes iron and brass and
| wooden screws, often sell abroad cheaper
than at home.
| II. Clay Evans. Consul General Mt
London, England says: Il find that man.
ufacturers here endeavor to maintain
home markets, but when they can find
a foreign market, they will bid for it.
get it If they can without too great .
loss, and thus increase the demand for
their output and reduce the cost Of pro-
duction without demoralzing home
| prices"