The North American Review volume 146

Cover The North American Review volume 146
The North American Review volume 146
E a Welty
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adherents of the party with which the President is identified. All dispassionate thinkers, however, and the great majority of all political parties in the United States, the free-traders of England and the intelligent readers of all interested nations, agree that the message is a bold, candid and distinct free-trade paper.
Therefore, legislation on the line of Mr. Cleveland's message means the removal of the protective feature of our tariff laws, the enlargement of the free-list and the final o
...pening of the markets of the United States to foreign competition.
It can be clearly shown that, in all protected industries where labor is the chief element of cost, the entire duty paid by the im porter of the foreign article goes to the American work-people and not to the proprietors and capitalists. The effect, therefore, on the wages of workmen would be at first to reduce the amount. But, as it would be an undoubted impossibility to re-adjust at once all values upon the basis of foreign labor, the secondary result would be to deprive the wage-earner of employment in the industry under consideration.


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