Speech #570018765

Second. It is evident to every unprejudiced mind that it is no longer necessary to continue this excessive tariff taxation for the purpose of protecting and maintaining against foreign competition. Whenever it is admitted that American industries can carry their products across the seas and sell them in foreign lands in successful competition with the home product. manufactured by the socalled pauper labor of such foreign countries. the admission goes with it that the American industries can sell their products profitably to the American people at the same price and that an artificial stimulus and support are no longer needed for their maintenance. As before stated. the amount of manufactured products sold abroad in the year 1900 was more than $483.850.000. The statisticians and writers upon commercial geography place the ratio of domestic and foreign commerce which goes into utilization or consumption at a proportion of from 12 to 1 to as high as 20 to 1.