The Elbert County tribune. [volume] (Elbert, Elbert County, Colo.) 18??-1920, 1904-10-27
TIE DUMPING" POLICY.


Il Preveuts Depression and keepe
Our working men kmplcyeA.
Democratic writers and speakers fire.
quentIy try to make political capital by
claiming that the protective farin - re-
sponsible for the fact that our exporfers
in some cases sell their merchandise at
less than prices charged in the heme'
market.
Lit is the very root Of success IN all
commercial ventures to hold what you
have and gain what you can, md thss
is the same in all highly advaOced com
mercial nations, including England, where
free trade prevails. Whenever H~Du-
facturer has produced more goofs 'han
he can dispose OF in the home market,
without disastrously affecting prices. "
is always good business policy for him TO
try to get rid of his surplus abroad rath-
er than to reduce his output and Incl
dentally the number of men he employs
and the wages he pays them. This
dumping policy. as the Democrats call
it, has again and again served 70 pre-
vent depression in our home markets and
has saved millions of dollars In wages
to American workingmen. 1t Is infinite
| ly better that the foreigner should scca-
sionally get goods cheaper than they
can be bought Mt home, rather than not
have snch surplus sold at all, and Ameri-
can mills be forced into idieness and
American workingmen into serious loss
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. 2067.
Department of Commerce and Labor.l
Samuel NJ. Taylor. U. S. Consul Mt Gas
gov, Scotland says:
Manufactured steel for expert is sold for
to 10 per cent less than for domestic use.
and even at a greater reduction. In other
words the cost Of transportation to foreign
countries where competition Is brisk Is
| largely assumed by the British exporter or
manufacturer by means Of this reduction.
Even England is treated 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
gives the members of the combination
power to sell In other districts than Scot
land, at whatever prices they choose.
American sewing machine company. which.
in addition to having large works In the
United States. has works In Scotland sufff-
cient to supply the European trade, makes
British consumers pay more for machines
manufactured In Great Britain than Amer
lean consumers pay for those manufactured
in the United States.
Rufus Fleming, U. S. Consul at Edin-
burgh, Scotland, says:
1t is the policy Of British manufacturers
to 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 trade conditions at home and abroad
are excellent. II Is the rule, in British In
dustry, to quote lower prices to foreign buy
ers than to the average domestic trader.
The difference In favor of the foreigner or
n FOR npag From A IN <.xsnt
have seen invoices of British firm of steel
wire manufactures to German buyers In
lower than the prices quoted to home Gus
TONERS. This reduction was not due to an
extraordinary surplus but principally to
determination to put a certain line Of goods
into competitive markets. In most trades
the one fixed purpose Ii not to reduce
prices to British customers untn forced to
do
A prominent brewer, an ex-member OF
Parliament, said:
/ have been dumping ale and beer on for
eign markets all my life, whenever ! have
had a surplus Practically every manufac-
for the best price they will bring. when
his stock Is too heavy to be unloaded at
home in reasonable time. without break
Ing the market.
James Boyle, u. S. Consul at Liver
pool, England, says:
The most interesting Instance Of dumping
In this Consular district of which I have
knowledge. was that OF Brunner Mond &
Co., chemical manufacturers of Northwich.
Cheshire. The products involved were soda
ash and bicarbonate OF soda. 1t was n dis
tinct policy of this firm to sell their prod
ucts on the American market at rate
which not only undercut the American
product. but was less than the price in Eng
lish markets. This went on for some time
until the firm effected arrangement with
parties, both American and foreign, inter
ested in the sale of chemicals in the United
States. and then, as l am Informed, became
part owners In chemical factories In SYRIA
cuse, N. Y, and In Michigan. believe 1t
Is true. even now. that occasionally certnin
chemicals. and particularly bicarbonate of
soda, produced In 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 Nettlefods Q.imited) Of Birming-
ham, which makes Iron and brass and
wooden screws often sell abroad cheaper
than ut home.
H. Clay Evans. Consul General at
London, England says: Il find that man
ufacturers here endeavor to maintain
home markets. but when they can find
foreign market, they will bid for it,
get it IL they can without too great a
loss. and thus increase the demand for
their output and reduce the cost of pro-
duction without demorahzing tio1ns
DriceS