The Tariff What It is And What It Does

Cover The Tariff What It is And What It Does
The Tariff What It is And What It Does
Samuel Erasmus Moffett
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30. What became of the extra $5, 245, 548. 70? It mostly stayed in San Francisco. The owners of a large part of the Hawaiian sugar lived in this city, and when they sold their crops they spent 52 THE TARIFF.
the money here instead of sending it to the islands. The balance of trade that seemed so favorable to Hawaii was really all in favor of the United States.
The truth is that it is to the interest of every nation to get just as much as it can for what it has to sell, just as much as it is the
... interest of every private merchant to do the same. If we can get a ton of English coal for three bushels of American wheat we are making a better trade than we should be if the same amount of coal cost us four bushels of wheat. As long as our imports consist of useful things that come to us without making us mortgage the future we have no reason to be afraid of getting too much of them. The more the better. Of course if we buy luxuries we are unable to pay for we shall suffer for it when the time to settle comes round.

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