The Denison review. [volume] (Denison, Iowa) 1867-current, 1911-07-26
benefit, for 1 am just as firm be.

benefit, for l am just as firm a be-
lever in the policy OF saving our mar
kets as one who may live in New Eng
land, New York or California; we are
benefited because protection creates
a great prosperous multitude of men
and women and children in America
who buy our products, who are able
to buy them, and who are able to pay
for them"
Mr.. President permit me to offer
another authority to sustain my con-
tention that any article produced in
this country in excess of the home de-
mand is not affected in price by the
duty on the article.
knute Nelson's Former Opinion.
On the 10th dayof May, 1909, the
senior senator from Minnesota (Mr.
Nelson), in reply, / think, to an inter-
rogatory from the junior senator from
Idaho (Mr. Borah) said:
81 do not recall the millions of bush
els produced in the state OF Minnesota,
but l desire to tell the senator that
the tariff on wheat which is on the
statute books has not done US par
ticle of good. 1t would be like tariff
on cotton, because up to this time we
have been exporting from 150,0OO,OO0
to 25O,OOO,OO0 bushels of wheat a year.
The price OF our wheat is fixed by the
Liverpool price-the export price
and no duty up to this time has helped
u.s.
Even Mr.. 6ristow Also.
On the second day of August, 1909,
the junior senator from Kansas (Mr.
Bristow), just before the roll was
called on the Payne-Aldrich bill, testi-
fed as follows:
Schedule G-Relating to ayricul-
tural products-has been increased
about per cent. There should have
been reductions in this schedule. They
could have been made without the
slightest injury to American agricul-
ture. High duties are placed on semi
tropical fruits, such as lemons and
raisins, and on pineapples and rice, and
on -four biscuits made by the cracker
trust, for the benefit of few indi-
viduals in limited sections of the
country; and a high duty is placed on
corn and wheat to make the great
mass of farmers believe that they
are being favored. But it is an in
suit to the intelligence of the Ameri-
can farmer to place protective tar
if on corn when we are producing
more corn than all the other nations
combined. We sell our wheat and
corn and the products thereof in the
markets of the world and no duty
which might be imposed can affect the
price which the farmer receives for
them. We raise far more wheat, corn,
cattle and hogs than we consume, and
the result is that the farmer cannot
be protected by tariff because the
price of his produce is fixed by the
world market"
1t occurs to me, Mr.. President, that
it is not necessary for me to read any
additional authority on the subject.
These distinguished statesmen were
right two years ago when they planted
their feet upon the doctrine that the
price of agricultural products in this
country was not fixed by the duty on
the products, and that whatever bene-
fit the agricultural class received
from protection was an indirect bene-
fit. In other words, that the duties
on manufactured goods which were
of direct benefit to the manufacturers
and to the laboring men We're an in
direct benefit to the farmer because
the manufacturing classes became
purchasers of the products of the
farmer. And again assert that it is a
new and novel doctrine in this coun-
try that duty on any article pro-
|duced in excess of home demand and
which must find market in Europe
has anything to do with the price of
the article. The wheat grower of Ne
braska is in competition with the
wheat grower of Canada and Russia
now. The wheat grower of Nebras-
ka is in competition also with the
wheat grower of Kansas. There is no
less competition with one than with
the other. All three-Canada, Ne
braska and Kansas-must meet in the
markets of the world and must &C
cept the price fixed at that point. The
mere fact that for local reasons, trans
portation, facilities for handling, de-
mand for manufacturing, warehouse
capacity or other cause, the price of
grains differ on the two sides of the
Canadian line does not prove that the
tariff duty has anything to do with the
different prices, because the price of