Free Trade And Foreign Markets

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Free Trade And Foreign Markets
Hazard Stevens
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The Boston Herald of February 10 gives another instance. It says that two great steel companies, the Illinois Steel Company of Chicago and the Lorain Steel Company of Cleveland, have just sold 17, 400 tons of steel rails to be delivered in Melbourne, Australia, for $28. 65 per ton. The price in the United States is, and has been for some time, $26 at the milL Deducting the cost of transporta- tion to Melbourne, not less than $10 a ton, and the price at which these companies sold their steel rai
...ls in Australia is only $18 or $19 a ton, which is $7 or $8 a ton less than the price they exact from American railroads. Does the "protection" on steel rails of $7. 84 a ton work no harm, which enables these great steel companies to grant such advantages to foreign customers, while denying them to American ? This tariff-trust policy of high prices artificially main- tained at home, and selling goods abroad at low prices, will make America pay tribute to the world at large, and convert her foreign trade from a benefit into a grievous burden.

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