Protection a Speech Delivered At the Annual Dinner of the Lockwood Press At T

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Protection a Speech Delivered At the Annual Dinner of the Lockwood Press At T
E H Ammidown
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I shall now show that manufactures are by no means parasitical, but that the Tariff, while it has developed the manfacturing industries, has, at the same time, stimulated both agriculture and commerce.
The advantages of the Tariff to American agriculture proceed from this that it has substituted a domestic for a foreign market. As a result of the Tariff the factory competes with the farm for laborers, and so attracts numbers from the soil. The factory removes those superfluous farmers labor cau
...ses a glut and results, not in wealth, but in waste. Thus the rivals of the fanner in production become his consumers. The factory, furthermore, has attracted labor from abroad, thus increasing the home market. Of immigrants the factory has received fifty per cent, more than the farm. * But this is not all. Under Protection the farmer exchanges his produce with the domestic instead of the foreign mechanic. This is manifestly to the farmer's advantage ; for the domestic mechanic consumes the- manufactures of other domestic mechanics, who in their turn consume the farmer's produce, and thus increase the home market.

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