Protection to American Industry Speech of Hon Benjamin F Junkin of Penn Del
Protection to American Industry Speech of Hon Benjamin F Junkin of Penn Del
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For example, sup- pose a manufacturer of carriages should, by reason either of a want of demand or from competition-, ' only succeed in sell- ing ten wagons per annum. Now, it is manifest that, in order to live, he must secure his profits out of these ten sales, by disposing of them at such rates as will produce that result ; whereas, if he could increase his sales to one hundred wagons, he could reduce his profits nine- tenths, and thereby furnish the same article at a greatly reduced rate. No...w, give the manufacturer the market, so as to increase his business nine-tenths, and it is clear that he will be remunerated at greatly less rates. This is all that the American manufacture* asks or needs — the market ; and you may safely trust to his skill and genius for the cheapness of the price. Besides, home competition will regulate all that. Now, sir, I submit that the consumer pays none the less because the article pur- chased is of foreign fabric.
Let me illustrate this. Suppose an importer buys a ton of iron in Liverpool at thirty-five dollars per ton, and the cost of transportation is five dollars, the duty five dollars, and the selling price here fifty dollars.
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To quickly assess the difficulty of the text, read a short excerpt:
For example, sup- pose a manufacturer of carriages should, by reason either of a want of demand or from competition-, ' only succeed in sell- ing ten wagons per annum. Now, it is manifest that, in order to live, he must secure his profits out of these ten sales, by disposing of them at such rates as will produce that result ; whereas, if he could increase his sales to one hundred wagons, he could reduce his profits nine- tenths, and thereby furnish the same article at a greatly reduced rate. No...w, give the manufacturer the market, so as to increase his business nine-tenths, and it is clear that he will be remunerated at greatly less rates. This is all that the American manufacture* asks or needs — the market ; and you may safely trust to his skill and genius for the cheapness of the price. Besides, home competition will regulate all that. Now, sir, I submit that the consumer pays none the less because the article pur- chased is of foreign fabric.
Let me illustrate this. Suppose an importer buys a ton of iron in Liverpool at thirty-five dollars per ton, and the cost of transportation is five dollars, the duty five dollars, and the selling price here fifty dollars.
What to read after Protection to American Industry Speech of Hon Benjamin F Junkin of Penn Del?
You can find similar books in the "Read Also" column, or choose other free books by Benjamin F Junkin to read onlineMoreLess
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