Under the present rate of 21 cents per pound the importations exceed the domestic production. whereas from 1867 until 1887 the domestic production exceeded the importations. Why is it that the importations of this article exceed the domestic production? We all know that the Suez Canal changed the order of the universe commercially. and that our competitors are Asiatics and East Indians on the other side of the world. Their production. instead of coming around the Cape in light sailing vessels. comes now in steamvessels through the Suez Canal. and while in old times this product was sold on bills at six months. now bills at thirty days and sixty days serve the purpose. The element of labor is one that can never be disregarded in the discussion of a tariff question.
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Asiatics