Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1913-05-07
NEW TARIFF BILL WILL END
DUMPING AMERlcAN MADE
GOODS ON FOREIGN
MARKETS.
By Clyde II. Tavner, Member OF Con.
y gress. I,.tls. IN

In his mastery speech in introduc
Ing the tariff bill in the house, Os
car Underwood, chairman Of the
Ways and Means committee, showed
the mposstbility Of the United States
ever becoming a great factor il
foreign trade so long as her indus
tries exist behind the artificial wal
Of q prohibitive tariff.
Foreign tfade is an essential i
prosperity Is to be- hande& down t
future generations. The indRiries o
this country have grown to, In ex
tent where the population 1tun gu,
as it is, can no longer c6sumf Stht
whole Sof their production. gs4treji.
a growing surplus which>6 u II sbt
sold in foreign countries Nftnl in
dustries are to exist. x.Ss
Statesmen OF both the {ead ding po
lttical parties recognize This :Efinda
mental economic fact, and the broad
est craftsmanship of both parties Is
directing its thought to the extension
OF American trade abroad.
The republican party while in pow
er, attempted a false stimulation Of
foreign trade---a forced, hot house
growth, based upon the coercive
methods of republican dollar diplo
macy *,
The Democratic Party believes in
q normal, healthy expansion of trade,
and Mr. Underwood showed how such
a growth Is impossible for industries
protected by "a prohibitive tariff.
A result of past methods Of extend
ing foreign trade is the CONNIE rcial
custom known as dumping This
consists in selling abroad surplus
products at prices lower than in the
home market. The manufacturer sells
to the American consumer at prices
so high that his surplus has virtual
consumer has paid enough for a
portion Of the product to balance the
cost of the entire output, and often
with profit besides.
The manufacturer then proceeds to
dump these goods in the foreign
markets. Whatever he can get for
them over and above ocean freight
charges and selling expense is clear
profit. This explains why the steel
trust sells steel rails in England for
less than the American price, and
why you can buy an American watch
at retail in London cheaper than a
New York dealer can buy it at the
factory. ,a s;
Under the Underwood tariff the
practice Of dumping will be abolish
ed, because the manufacturer can no
longer maintain the high prices he
has been mulcting the American CON
sumer.
However, it is chiefly by dump
ing "thatAmerican manufacturers are
now able to compete with their Brit
ish and German rivals in free trade
markets. Freed by foreign competi-
ton at home by protection, ineffici-
ency has crept into American factor
les. Obsolete methods are in use.
And as a result, the foreign manufac-
turers can outsell the American.
A low tariff will put our indus tries
IN their mettle to improve their ef-
,iciency. And this will be the healthy
basis on which our future trade ex-
oansion will be built.
Oscar Underwood struck high |
Joint in his speech when he exclaim-
ID: 1T Is this increased cost of pro-
luction that has chained American
Industries to our shores and prevent
ID them from going out among the
lations of the earth to spread the
foods and wares of American enter
rise in foreign markets and to Sc
;ure the fruits of American labor
md American enterprise to the peo-
lie OF our great country"