Milford chronicle., 1919-10-17
IN AlIERIcA FIRsT MEAsURE

The Smoot bin eyying prohibtive tariffs foreign
merchandise dumped" in the United States is step in
the right direction.
Senator smoot a Republican who knows how to put
a walop in legislation. There is no qubbng or lodging
issues academic wrst-slappng about his Any
competing nation which attempts crooked merchandising
in the markets OF the United States goes up against
tariff that viii put sleep in the round And
dumping is crooked merchandising when is practced
il has been in the past by European govern
ments particularly Germany.
There is a wide distinction between dumping and mar
keting in foreign countries surplus prices less than
those eXacted for commodities in the country their
origin Take shoes, for example whose styles chang
ing from year year The manufacturers find that they
have overesumated the domestic market and surplus
remains hand which they must dispose Of they
market them abroad at what they get usually prices
below those secured in the home market But the home
people hurt by that. Or a surplus Of hosiery
may De marketed abroad at reduced prices with view
10 establishing trade in that market Or if the
acurers deliberately produce surplus for foreign trade
the home-olk injured but the contrary they
are benefited, for this means the operation of the mills
at maximum capacity which nsures minimum unit cost
more jobs for the workmen consumption of raw
materials Lower unit cost under system OF fair dealing
Of course means decrease in the price to the home con
sumer
But the German system dumping" which has also
been pracced considerably by the British in the
manufacture for the express purpose Of sitting infant
industries IN foreign countries in the cradle For exam
rle when industries started years ago
the Manchester manufacturers inauguraed campaign OF
price cutting in the United calculated kill the
industry here They raised huge Of money for
that purpose They sold cloths prices far under those
demanded by English buyers at home and, more than
that the by this campaign recouped
by adding the home prices of the English consumers
And the Germans have done the thing in chemicals
and machinery A year so before the American
sewing machines finding a foothold in Latn-Amer-
countries which greatly perurbed the German makers
They sent their statesmen those countries with
structons to give away if necessary the German
chimes until the American machines driven out OF
he field The expenses of that campaign were recovered
ly increasing the home prices and when the American
business had been driven of the LanAmerican coun
res. the price the German machines raised .
POINT which would all past losses This crooked
against economic law. Those
Who engaged in have standing equity and not
ntitled sympathy when they find themselves barred
rom market 10y a prohbitive tariff.
1t is be hoped that Senator smoots bill will receive
he support Of the entire Republican majority in Congress
ut that it will receive the approval of Mr. Wilson
remely doubtful he remains trader despite the n
sssons taught by the When both the Administration G
nd the Congress Republican protection American
Industries viii be assured. and until then.