Review of Professor Sumner's Speech Before the Tariff Commission

Cover Review of Professor Sumner's Speech Before the Tariff Commission
Review of Professor Sumner's Speech Before the Tariff Commission
George Basil Dixwell
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Sumner's microscopic vision sees only the present. He as- sumes that if our farmers had to sell nineteen hundred millions abroad instead of seven hundred, they would get the same price.
With the seven hundred millions of raw products, we now buy abroad say three hundred and fifty millions, which we could not produce, of tropical products, and a like quantity of the finer manufactures which we cannot yet produce under existing duties.
If we did not produce finished products for ourselves, we sho
...uld have to buy not only what we now buy, but many times that quantity. Mr. Sumner assumes that under such circumstances the price of imports would be the same as now! Or, leaving out the reference to price, he assumes that whereas now we exchange three hundred and fifty million dollars worth of raw products Digitized by VjOOQ IC 22 TARIFF COMMISSION.
for the like amount of finished commodities, we could exchange at the same advantage, if we were under the necessity of selling and buying abroad, four times as much!


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