We think our strongest competition in cordage will come from China. If -so. the labor that we would pay here. under protection with free trade. will be transferred to China. This west coast will be helpless without a protective tariff. because our volume of trade is so very limited (to say nothing of higher expenses) that our cost of manufacture must necessarily be at the maximum until there Is a more plentiful supply of labor and increased consumption by increase of immigration. Our European competition. under free trade. would come mostly from England. and there we must contend against interest. insurance. and labor. probably 50 per cent less than the averagein the United StateS. but there 1. another item that we think is not given due consideration. and that is thd marine transportation from the Philippine Islands and Yucatan to the factories and thence to the general markets of the world. England for the past century has fostered her marine until now she has a direct line of sailing vessels to all the good markets of the world.
Keywords matched
immigration