There is no compensation in low prices to the producer when he has nothing with which to buy. Take the manufacturers of the East. Protection will do them no good while the West and the producing sections are impoverished by low prices. made low by the contraction of the currency and by competition with the Asiatics. You can not get relief in that direction. Pile up your tariff and it will do no good. A tariff on manufactured articles will not protect us against Asia. You may have a tariff on raw material and everything else. and you may pile it up. and you can not keep out Asiatic products with the present rate of exchange. As long as the difference in exchange gives them 50 cents advantage you have got to build a Chinese wall around the country to keep them out. But a tariff on manufactured articles is unfair under those circumstances. because the farmers have been impoverished by this competition. and you can not raise the price of manufactured articles artificially. because the farmer can not pay it unless you will allow him to prosper.
Keywords matched
Asiatics Asiatic