The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-07-14

purchased ought TO pay duty There u
"" rc's"u why purchases uT any and
Nv travellers should bc exempted IrC'u
nuiy any NOR" than similar purchases al
nom" lhus' who sp"nd pur earnings IA
foreign lands should not rs"dps taxation
more Than thp-T who stay home
hcS" h"t'y items oi eNpendti'IT- are
! "nIy IGti ~ Il very E,rg" sum. which ~
ciul'S heavy uC"tn freight LIllS which
according ~ thDt 'uugr,ssi pnal committees
"rtln8t" amount To NOR" than t2uO,
HD,UD "A year. which goes To- foreign ship.
""her-, protected. backed up and encour.
ag"l 10y their Governments while our
political p"hcv a. that r.spcCt - CON
lrpil"I hv political partisSInship and a
journalism that mas created pubic scnti-
ir"nt destructive ~ our shipping interests.
W. additional item ~ very large size
- tn" interest and dIvlisuals on stocks
aud bonds hch 10 Europc. ia" batter
amounting now To NOR. than 81. US. OOO. I'D,
90 which W. an" paying not less than
Tor '"nt IA "A discounted face value Ot
ih"s'' securities which probably brings
~" interest CluSer - q per cent Al j
this interest would make over t2UJ uOD O0
Nlili another ii"m 81 considerable size
- IN" drainage made by Ih" drafts ar
in1n"y S"nt Ia Europe by immigrants.
representing more than 80 co.. 90 "A year
IN excess "a the money brought hero hy
Immigrants
And there ~ vet another item. repre-
7"nting gc'at many million dollars. the
purchas" ~ foreign titles Tor go many
~ our wsalthlest young women, who TO
s,Ich hrg" extent ally themselves with
dlscredited noblemen. resulting in after
times ia taking still larger amounts Of
accumulated American wealth tugforeiRn
countries
Putting these items together It makes
an aggregate III more than 81 on. 700 on
mat We are running behind annually in
9ur dealings with foreign countries
] ne Consequences 81 this in the course oi
Few years will he more complete pros
trition aud decentralization 10 indilst ries
trade and commerce than has been expert
check
he Industrial history of the last hun
dreI years shows conclusively that Low
tartns have always brought lslnics and Ion &
l"nods OF hard times. lasting until rene
dled by greatly increased tarih rates.
through which our indust ries have been
rebuilt. and morc prosperous conditions
established and maintained until forget
iuinesa and the species IT statestna nship
That builds up popular prejudice against
IN" men and measures that underlie on
prusperity cause a return To low tariffs
I with "a resultant destruction Of our indus
trIe. and pAnic
tn" peuuais Of lowest tarif rates In
"ur history. ISIS. 1887. 1851. 1873 and ls93
all measure the lowest condition 81 Our
prosperity ana 1912 runs a chance al
marking the must complete prOstTatiun
81 all During th" intervening times
O.tNeen these panIr-. prosperity has
always come through a more complete
protection. At the end Of each seventeen
years the INA jority IL voters are different
from the ma onty 81 seventeen years
before They forget or are deceived Ivy
the soCialistic type of stsItesmansnip
that d"vUt.- Ii- energies to- srraigning
pat lac prrltIdiCe agaInst these who are
/ str"nuo4-ly dcNutIng their time. energy
and capital to the task IT producing and
distributing the national wealth and
promoting ia" confort and prosperity
- tn" people This sort uf statssmR nship
that teaches that purchasing increased
quantities 81 gods ia foreign countries
At lower pric.z than our conditions ~
higher wages and greater cost can com
l-''" With viii by reducing prices on
C"tuSiIuIil" go,sts -nable rh- People to
purchas" ~ lower priC.a- entirely ignores
the fact that hv IN. destruction II our
iudus'rIal system. which would inevitably
follow their wDuli b" no income from
c,uital or employment e labor whereby
either foreign or domestic supplies could
u" purru sod even at the lowest prices
Times have changed since Lincoln
made his famous observation about
fpolInR the paople. for n would eeen
nov that tho trouble breeders can deceive
50 many - the people u the sine the I
unless their il so'' o Che"k the destruction
q our Prosperity II incvtall"