Speech of John Davis of Massachusetts Upon the Bill to Reduce Duties And for O
Speech of John Davis of Massachusetts Upon the Bill to Reduce Duties And for O
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No one can deny that, if our mills should stop and our hands should cease to work, the price of goods would immediately advance, and the price of cotton fall. The effect of our operations, therefore, is to keep down the price of goods and to keep up the price of cotton. But, in prov- ing the blighting influences of taxation, it is convenient to overlook all this, although it is as applicable to all other branches of manufacturing as to cotton .
Now, sir, while I do not stand here to deny that a... duty may increase the price of an article imported, as that depends upon the facts and circum- stances which surround it, I may, nevertheless, be permitted to assert, that when our competition with foreign production becomes great, and in the struggle which necessarily ensues for the market prices are carried down more than the amount of the duty, the country not only ceases to be taxed, but American labor becomes a benefactor to all who profit by the reduction; and, sir, I must beg of the Secretary of the Treasury?
What to read after Speech of John Davis of Massachusetts Upon the Bill to Reduce Duties And for O?
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To quickly assess the difficulty of the text, read a short excerpt:
No one can deny that, if our mills should stop and our hands should cease to work, the price of goods would immediately advance, and the price of cotton fall. The effect of our operations, therefore, is to keep down the price of goods and to keep up the price of cotton. But, in prov- ing the blighting influences of taxation, it is convenient to overlook all this, although it is as applicable to all other branches of manufacturing as to cotton .
Now, sir, while I do not stand here to deny that a... duty may increase the price of an article imported, as that depends upon the facts and circum- stances which surround it, I may, nevertheless, be permitted to assert, that when our competition with foreign production becomes great, and in the struggle which necessarily ensues for the market prices are carried down more than the amount of the duty, the country not only ceases to be taxed, but American labor becomes a benefactor to all who profit by the reduction; and, sir, I must beg of the Secretary of the Treasury?
What to read after Speech of John Davis of Massachusetts Upon the Bill to Reduce Duties And for O?
You can find similar books in the "Read Also" column, or choose other free books by John Davis to read onlineMoreLess
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