Free Trade Versus Fair Trade

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. . After the war, stimulus the United was found in railroad building, and in extravagant ex- States, jienditures induced by superabundant currency, and the time has now come when the manufacturing industry of the United States is in dire distress from plethora of manufacturing goods.
" Some manufacturing companies have been forced into Ijankrujitcy ; others have closed their mills to escape it ; ti \v mills are running on full time, and, as a consequence, a very large number of operatives are
...either dej^rived of emiiloyment or are working for wages hardly sufficient to enable them to live comfortably, or even decently. * * From the British Trade Joiirtuil oi ist March, 1886, p. 148, we le. Irn that the cotton manufacturers of Massachusetts are still having a very bad time. Out of 37 mil's mentioned, 24 paid no dividt nd in 1885, and 6 more only i pt r cent.
262 FREE TRADE V. FAIR TRADE.
Depression in the United States.
" The all-important question that presses itself upon the public attention is : How shall the country be relieved from the plethora of manufactured goods, and how shall plethora hereafter be prevented ?


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