The Tariffs of the United States in Relation to Free Trade
The Tariffs of the United States in Relation to Free Trade
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Looking at last year's bankruptcies, I observe that seventy-two woollen mills failed, with more than two millions sterling of liabilities. So that the tax upon wool for the benefit of the farmers, and the tax ori woollen goods for the benefit of the mill- owners, have benefited neither. Mills under protection often complain that they have to compete with cheap woollens mixed with shoddy. Protected mills are not genuine mills of economic manufacture, for they com- bine with their goods about one... hundred per cent, of taxation, and sell this fictitious product as cheap fabrics to the working classes. Our English farmers have had no monopoly of bad times in recent years. The complaints of the American farmers are far more bitter. They grow increasing crops, but get much less income. In 1880 they produced 2, 622 1 6 THE TARIFFS OF THE UNITED STATES million bushels of cereals, and in 1889 the produce had increased to 3, 355 million bushels. But what was their money value ? In the first year the lesser quantity was worth 237 millions sterling, and in the second the larger quantity only produced 198^ millions.
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To quickly assess the difficulty of the text, read a short excerpt:
Looking at last year's bankruptcies, I observe that seventy-two woollen mills failed, with more than two millions sterling of liabilities. So that the tax upon wool for the benefit of the farmers, and the tax ori woollen goods for the benefit of the mill- owners, have benefited neither. Mills under protection often complain that they have to compete with cheap woollens mixed with shoddy. Protected mills are not genuine mills of economic manufacture, for they com- bine with their goods about one... hundred per cent, of taxation, and sell this fictitious product as cheap fabrics to the working classes. Our English farmers have had no monopoly of bad times in recent years. The complaints of the American farmers are far more bitter. They grow increasing crops, but get much less income. In 1880 they produced 2, 622 1 6 THE TARIFFS OF THE UNITED STATES million bushels of cereals, and in 1889 the produce had increased to 3, 355 million bushels. But what was their money value ? In the first year the lesser quantity was worth 237 millions sterling, and in the second the larger quantity only produced 198^ millions.
What to read after The Tariffs of the United States in Relation to Free Trade?
You can find similar books in the "Read Also" column, or choose other free books by Lyon Playfair Playfair to read onlineMoreLess
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