Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1913-05-16
BRITISH FEAR LOSS
OF TRADE BECAUSE
OF NEW LOW TARIFF
Afraid Letting Down of Bars
Means Disaster to Manufac-
turers' Supremacy.
AMERICAN TRADE TO GROW.
Artificial Barrier on American Ex-
porter Removed-Means
Much Expansion.

Much Expansion.
How will the reduced tariff affect
Americas trade?
Will it mean the flooding of Ameri-
can markets with foreign-made goods:
Or will 1t mean a wonderful expan-
sion of Americas export trade?
Republicans who opposed any re-
duction in the tariff have been loud in
their shouts of how all industries In
the United States will be injured or
ruined and foreign manufacturers will
get the trade of the United States. But
the Literary Digest, one Of the most
conservative and responsible papers
published today, and one which makes
q speciality of investigating conditions
and sentiment in all parts of the world,
takes an opposite view from that taken
by the Republican calamity howlers.
The Literary Digest quotes freely from
English newspapers and trade journals
to show that England fears disaster to
English manufacturers supremacy be-
cause of the new tariff laws. The Lit
erary Digest says:
mo such Joy 10 apparent In the Eng.
lish press a. critics Of the new tariff
bill have led us to look for. Predic-
tions that our factories will emigrate
to England would make strong arti-
Gle, but the English papers are not
making any such forecasts. Instead.
we find the expectation voiced by some
that lower tariffs will turn America
into a great exporting country. threat.
ening Britan's place in the worlds
trade. One Of the most eminent econ
omists in England Is Mr.. L. G. Chiozza
Money. M. p, who has had much influ-
ence in reforming the board Of trade
returns and is a prolific writer on eco
nomics. He contributes an article to
the London Daily News In which he
bids the free traders to moderate their
transports over the Underwood bill.
Thus we read:
"'I am sorry so many people are
hastily jumping to the conclusion that
Americas move toward free trade is
magnificent thing for British exporters.
It is q conclusion of very crude char
acter. and those who have arrived at 1t
show that they do not understand the
respective parts which British free
trade and American high pro-
lection have played In building
up British exports. The truth
of the matter is well under
stood and expressed by Mr.. Underwood.
chairman of the ways and means CON-
mittee Of Congress. in his statement
which accompanied the new Demo.
cratic tariff. 1.-THE future growth OF
our (American) great industries lies
beyond the seas" said Mr.. Underwood.
and he argues that the reformed tariff
will fit the American manufacturer to
capture the worlds markets.
England has heretofore exported
twice as much as America. and why?
he asks. Protection has created 'arti-
fcially high prices In raw materials
and manufactured articles, so that
America is handicapped in competing
with European manufacturers The
consequences of the Underwood bill are
thus outlined in their effect on Eng
lish industries
"If the new Democratic tariff be-
comes law, the handicap of the Amer
lean exporters will be partly removed.
Many important materials will be put
on the free list, and the duty on others
Will be greatly reduced. That will
make a world Of difference to Ameri-
can competition, and 1t will not make
II easier, but in some cases more diff
cult, for the British manufacturer to
enter the American market. 1t Is per-
1ectly true that in certain cases our ex.
porters will find an actual advantage,
out let no one imagine that In the long
run the breaking down of the Ameri-
can tariff barrier, II 1t eventually
proves to be that, will help to expand
the British trade. On the contrary. re-
garding the markets of the world as q
whole, the American exporter will be
assisted to larger share of 1t, and we
VIII lose part of what we should have
nad II American high protection had
remained
CONTINUED on page fve.)