Both Sides of the Tariff Question By the Worlds Leading Men With Portraits An
Both Sides of the Tariff Question By the Worlds Leading Men With Portraits An
W E William Ewart Gladstone
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In the former case all the profit goes to ourselves Americans ; and in the latter case our people and our country receive only half the profit. The one transaction is as clearly commerce as the other : commodities are exchanged. When Mr. Mills would measure the wealth and prosperity of his country, he must seek causes much more potent than its foreign commerce. The manufacturing development of the South, for instance, is a much greater factor in the creation of national wealth, which now reache...s about $2, 000, 000, 000 per annum. The exchange of commodities with the foreigner, which we dignify by the name of foreign commerce, and which does not to-day amount to 4 per cent, of our total products, is much too small a tail to wag so big a dog. Figures are such strange things ! When Colonel Breckinridge says (page 521, NORTH AMERICAN REVIEW) that ''from January 1, 1884, to January 1, 1890, we exported of domestic products the enormous sum of $4, 304, 086, 830, " it no doubt seemed to him he had said something most impressive.
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