The Principles of Free Trade As Shown By Gladstone Wells Perry Sumner And

Cover The Principles of Free Trade As Shown By Gladstone Wells Perry Sumner And
The Principles of Free Trade As Shown By Gladstone Wells Perry Sumner And
D D Kelly
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The same principle that protection resists improvement applies even more distinctlv to those improvements which are made in transportation. In spite of their theoriesmen rejoice in all the improved means of communication which bring nations nearer together. A new railroad or an improved steamship is re- garded as a step gained in civilization. Such improvements are realized in diminished freights and diminished prices of im- ported goods. No sooner is this realized, Iiowever, than '"foreign com...petition" is foimd to be worse than ever. An outcry goes up for ''more protection. " and a new t;. X is put on to-day to counteract what we rejoiced over vesterdav as an im- mense gain. We spend millions to dredge out our harbors. Ti> remove rocks and cut channels through sandbars, as if it were a gain to ha\e communication inward and outward as free as possible, and as soon as we experience the eftects in reduced cost of goods we lav a new tax. Like restoring the sandbars, in order to undo our work.

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