Speech #430104511

They even have the effect. by increasing the cost of production. to disable him from retaining his own home market. and foreign goods continue to come in however high the duties may be placed. it is evident that under this sort of tariff nursing we will never be able to stand alone. as was promised years ago we couh soon do if only protected for a season while manufactories were in their infancy. On the other hand. the farmer mnsttake for the produce he has to sell the prices of a foreign market. He is compalled to compete with the sotermed pauper labor so much talked of on this floor. and he is the only producer in this country who is compelled to compete with that labor. A large portion of what he has for sale must find a market abroad. and whether the products of the farmer are sold in Europe or in this country. the Liverpool prices control the prices lie must accept. Those prices determine the prices in low York. the latter those in Chicago. and finally the prices in the local markets in Iowa at which a farmer of that State makes his sales are gauged according to the Chicago market. and hence the farmer. while compelled to pay the manufacturer of this country. sheltered and protected by high duties. prices much in excess of what the same articles could be purchased for in the foreign market. must take for his products the prices of that foreign market. and lie can have no more than is paid for grain raised in Europe by what is called pauper labor. le is compolled under these hightariff duties to pay the manufacturers of this country a bonus above what he could purchase the same goods for in the European market that regulates the prices of what he sells. and moreover the cost of transportation is largely increased by the additional cost of railroads and of operating them caused by high tariirs. Manufacturers have debarred themselves of the power to export. There is exported no more of cotton goods. woolen goods. iron. anl manufactures of iron than was expirted ten years ago. and the amount exported of these articles is but a trifle in comparison to the exports of farm products.