Reasons for Abandoning the Theory of Free Trade And Adopting the Principle of Pr

Cover Reasons for Abandoning the Theory of Free Trade And Adopting the Principle of Pr
Reasons for Abandoning the Theory of Free Trade And Adopting the Principle of Pr
William D William Darrah Kelley
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* Thus reinforced, we are producing such a proportion of our own wares and fabrics, including those consumed by the cotton planters and tobacco growers of the South, that we can afford to receive in luxu ries, or such necessaries as we need in excess of our capacity to produce, part of the proceeds of those special agricultural supplies which Europe takes from us because they cannot be obtained elsewhere. This must be the solution of the para dox, for while augmenting our imports so largely, wb... are producing not only vastly more iron, steel, lead, copper, zinc, and the infinite variety of utilities into which they may be converted ; of cotton, woollen, silk, and flax goods ; of chemicals, clocks, watches, jewelry, and works of art, than ever before; but of "dwelling-houses, cooking- stoves, furnaces, pumps, carriages, harnesses, tin-ware, agricultural tools, books, hats, clothing, wheat, flour, cheese, steamboats, cars, locomotives, bricks, coal oil, fire engines, furniture, marble-work, mattresses, printing-presses, wooden- ware, newspapers, " and a thousand other things, which, it is falsely said, " cannot be imported to any great extent, under any circumstances, " and the production of which gives "to the farmer by far the largest market for his produce.

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