If as a permanent law it would benefit business. as a temporary measure it will disturb business. Why do you want to keep business unsettled by temporary expedients of this kind? But if you put on the tariff bill a freecoinage measure such as is reported by the committee to the pending bill. you will relieve us from Asiatic competition with a hundred per cent advantage in the difference of exchange. Then you do some good for the people. You may have as many tariff bills as you please. but while the difference in exchange remains where it is everything produced in this country that comes into competition with Asia will have to continue to go down. Under Asiatic competition your wheat and your cotton have gone down below the cost of production. Your wool has gone down in the same way. because the woolproducing countries are all on the silver standard. You may put on as many tariffs as you will. but the prices of all articles that are in competition with Asiatic productions will have to go down. It has come to a point where the prices of manufactured articles have to go down. They came last because it took some time to establish manufactories in the Orient. but they are being established now on a most gigantic scale. so much so that it makes a boom in all Europe to manufacture machinery for them. The Europeans have to manufacture only one machine of a given kind for one city. and after that the Asiatics can duplicate the machines without limit. Now I say that so far as the tariff bill is concerned it is simply maneuvering for an issue. So far as the pending bill is concerned. it is the same thing.
Identified stereotypes
Asiatics are presented as unfair competition due to differences in exchange rates.