The New Freedom; a Call for the Emancipation of the Generous Energies of a People

Cover The New Freedom; a Call for the Emancipation of the Generous Energies of a People
The New Freedom; a Call for the Emancipation of the Generous Energies of a People
Hale, William Bayard, 1869-1912
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I am one of those who have the utmost confidence that Mr. McKinley would not have sanctioned the later develop- ments of the policy with which his name stands identified.
What is the present tariff policy of the pro- tectionists? It is not the ancient protective policy to which I would give all due credit, but an entirely new doctrine. I ask anybody who is interested in the history of high "protective" tariffs to compare the latest platforms of the 148 THE NEW FREEDOM two " protective '* tarifl
...f parties with the old doctrine. Men have been struck, students of this matter, by an entirely new departure. The new doctrine of the protectionist is that the tariflF should represent the xliflf erence between the \ cost of production in America and the cost of J production in other countries, j>lus a reasonable j)rofit to those who are engaged in industry.
This is the new part of the protective doctrine: ''pltts a reasonable profit.'* It openly guaran- tees profit to the men who come and ask favors I' of Congress.


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