Evening journal., 1918-08-10
SATURDAY, AUGUST 10, 1918.
PEACE AND PROTECTION.

vN HAT protection is policy Of and essential TO
the economic welfare OF country is asserted by
Jonathan Bourne Jr president Of the Republican Pub
iicity Association in statement issued by him in
Washington.
well known financial operator. in interview given
20 the New York Journal Of Commerce. recently, said
"The relation Of exports to imports will unquestion-
ably be affected by the relative rate of that will
be paid after the in the various countries at
war is reasonable TO assume that the laboring man
America will, heretofore, fare better than the
laborng man in European countries. This may mean
for time very large decrease in exports Of
chandse and very large increase in the importation Of
merchandise. IT, in order TO avoid trade rvares that
have heretofore been believed TO be Of war; pro-
tectve tariffs should largely be done away WITH the
United States would probably end It dlncult than
other countries to readust the scale Of money
IN this country. We ought at such time TO have the
power to protect ourselves against the nconvenient ex
port Of gold"
Commenting upon that Mr. Bourne says that the
man who believes that protective tariff Is a Of
is without facts logic for his theory yet this
argument is being used extensively by free traders
press their point. The American Fair Trade League
attempts to apply it frequently II there is anything
more calculated to breed spirit Of bellgerency and
hatred OF foreign countries 1t is to the products
those foreign countries closing down domestic industries
they always do under the free trade policy Tariff
questions questions Of the domestic policy Of ma
tion pure and simple It the sovereign right Of every
nation say how much OF how little competition IL viii
tolerate from abroad To dsafrm to deny that right
"Nor is there discoverable in the protective policy
any just provocaon OF hoslities" ne adds Certainly
nations first duty is toward its own citizens and II
they reduced TO penury because OF the excessive
competition Of foreign goods then the administration
which is responsible for that condition OF affairs
either incompetent dsloyal to ts chizenry for the
whole purpose OF government that the interests Of
the governed may conserved II one nation says
10 the others, willing permit your products
70 enter markets. but inasmuch you pay your
aborers less than pay ours; nasmuch the stand
ards which we demand for workers excel those set
for yours, have decreed that your products must
pay, before entering ports tariffs measured by the
difference in production and production
coss-how could the others deny that right? Such a
decree does not prohibit imports simply strives to
prevent underselng disruption Of domestic industry
and resultant foreign monopoly Of the home market
II there is any nation who would ind in this policy
cause for picking quarrel that nation should in
dicated while this general cleanup is in progress
With regard TO protecting the 'incon-
venient export Of gold st is to remembered that the
country which sells than buys will always re-
ssp credit balance, minus relatively inconsequentla
sum spent by its tourists abroad We had an example
showing the other condition just before the European
war broke out Under the free trade policy of the
Democrats we began to buy than we could SELL |
Later the progressed competition from Japan
became so pronounced and her gold credits here so
large that when she to call us for payment gold
left in such as to move the Secretary ~ the e
ury to prohibit It's further export
Protection promotes peace it conserves the pold |
supply, and it insures domestic prosperity The free
traders cannot rebut twenty years experience along
that line the publicity committee president pernent
asserts