Legislative Protection to the Industry of the People Speech of Hon Alexander
Legislative Protection to the Industry of the People Speech of Hon Alexander
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This branch of industry is a3 yet only in its infancy in this country, although the consump- tion of woollen goods is enormously large. Among the reasons why it has not more nearly kept pace with the cotton manufacture, are, that it lias suffered for want of a sufficiency of raw ma- terial to expand upon ; and also, through a mis- taken policy on the part of the Government, it has been subjected to inconstant legislation and to ruinous competition with other nations which have their raw materia...l abundant and free from duty, or nearly so. That this deficiency may be more apparent, I refer to the fact that the pres- ent annual consumption of wool in the United States is estimated at one hundred million pounds ; and the domestic product amounts to only about sixty million pounds, leaving a defi- ciency in the supply of raw material of forty million pounds, at least ; or an amount equal to sixty-seven per cent, of the entire wool crop of the United States. This fact alone, Mr. Chair- man, ought to show conclusively, I think, that the raw material of native growth is sufficiently in demand not to need additional protection on this account.
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To quickly assess the difficulty of the text, read a short excerpt:
This branch of industry is a3 yet only in its infancy in this country, although the consump- tion of woollen goods is enormously large. Among the reasons why it has not more nearly kept pace with the cotton manufacture, are, that it lias suffered for want of a sufficiency of raw ma- terial to expand upon ; and also, through a mis- taken policy on the part of the Government, it has been subjected to inconstant legislation and to ruinous competition with other nations which have their raw materia...l abundant and free from duty, or nearly so. That this deficiency may be more apparent, I refer to the fact that the pres- ent annual consumption of wool in the United States is estimated at one hundred million pounds ; and the domestic product amounts to only about sixty million pounds, leaving a defi- ciency in the supply of raw material of forty million pounds, at least ; or an amount equal to sixty-seven per cent, of the entire wool crop of the United States. This fact alone, Mr. Chair- man, ought to show conclusively, I think, that the raw material of native growth is sufficiently in demand not to need additional protection on this account.
What to read after Legislative Protection to the Industry of the People Speech of Hon Alexander?
You can find similar books in the "Read Also" column, or choose other free books by Alexander Hamilton Rice to read onlineMoreLess
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