The Tariff in Our TimesTarbell, Ida M. (Ida Minerva)
History
The Tariff in Our Times
Tarbell, Ida M. (Ida Minerva)
Tariff -- United States -- History
This same quality of argument is used in regard to the trust. There are
several causes, therefore the tariff is not a cause. The tariff
contributed nothing to the foundation of the Standard Oil Company,
therefore it has had nothing to do with the foundation of any other
trust. Frequently the stand-patter is so unfamiliar with his own
formula, or so indifferent to it that he will insist that the trust is
an industrial surprise—a species of highwaymen of whose presence on the
road he had no warning and for whose ravages he consequently cannot be
held accountable. If he knew his own formula, or, knowing, was willing
to regard it, he would be ashamed of this sort of pleading. No evil
concealed in the doctrine of protection was ever more thoroughly
advertised than monopoly. At every stage, since Hamilton’s time, we have
been warned that it waited us just around the turn. For the last
twenty-five years, especially, we have seen it pour down upon us,—an
army whose ranks yearly grew thicker, stronger, and more cruel. This is
the very army which we have been cautioned for decades to be waiting in
ambush. There was a counter force provided, of course, for this waiting
enemy—domestic competition. Now, we know what has happened to domestic
competition in the last thirty years in this country. Freed from foreign
competition—something which the doctrine never intended should
happen—the home manufacturers have by a succession of guerilla
campaigns, often as ruthless and lawless as those of wild Indians or
Spanish freebooters, coralled industry after industry so completely that
they could control its output, and at once cheapen the quality and
increase the price.
Public-domain text, read in full here on John Shaqi.
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