The Tariff in Our TimesTarbell, Ida M. (Ida Minerva)
History
The Tariff in Our Times
Tarbell, Ida M. (Ida Minerva)
Tariff -- United States -- History
In this time 604 witnesses were listened to, and many of them questioned
at length. They were of all shades of opinion, from the uncompromising
free trader, like Professor W. G. Sumner, to the equally uncompromising
higher protectionist, like the Iron and Steel Association. They were of
all shades of selfishness, from the petty selfishness of a man who
refused to consider what effect the duty he wanted would have on a
related industry on the ground that he “had no interest in that
business,” to the enlightened selfishness of the big iron man who
advised lower tariff on iron and steel in order to placate public
opinion and so save the system. A great number of witnesses wanted
_more_ protection. The chemists pleaded for a restoration of the duty on
quinine. Mr. Joseph Wharton pointed proudly to his great nickel and
steel works as proofs of what protection could do for infant industries,
and urged that it be applied next to tin plate. Mr. John Roach of
Chester, Pennsylvania, farmer, iron manufacturer, ship-builder and
ship-owner, employer of 3000 workingmen with a weekly pay roll of
$33,000, gave his experience as a proof that upon protection depended
the prosperity and the future of the country. In Mr. Roach’s judgment
all business irregularities came from a failure to carry out the
doctrine to its logical results, which logical results were prohibitive
tariffs for all raw and manufactured products possible to our country,
and subsidies for all industries which could not be reached by duties,
such as ship-building.
While praises of the results of protection and pleas for more of it were
in the majority, there was considerable complaint of its damages and
demands for freer trade. It is true, said the German silver makers in
answer to Mr. Wharton, that _you_ are making money, but how about us? We
have to pay so much for nickel that we cannot sell in foreign markets,
and it was pointed out that the Meriden Britannia Company had been
obliged to establish a factory in Canada in order to keep a foreign
market for its goods—a factory it still operates. What of that? said Mr.
Wharton. “There is no market in the world that is comparable to this
country as a market of manufactured goods.” All very well, retorted the
people who used nickel, if you have a nickel monopoly and the market
wants more than you can supply!
Public-domain text, read in full here on John Shaqi.
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