Word: protectionists
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...trade that has been made here for some time. The lecturer, Rev. John G. Brooks of Brockton, said that the argument that a high tariff raises wages is entirely untenable, and that private self-interest, not anxiety about the condition of the laborer, was the real motive of the protectionist. The general average of wages is entirely unaffected by protection, since the rate of wages depends only on the amount produced by the laborer. It is said that when wages are 35 cents a day in Germany and $1.50 here, without a tariff we should be undersold by pauper labor...
...money to get a foothold in our market, Mr. White said that in twenty-five years of close connection with tariff legislation he never knew of a shilling that was thus expended. Mr. Sherman also says that whoever favors lower duties opposes protection and favors foreigners, yet the strongly-protectionist First Congress thought average duties of eight per cent. sufficient in place of 47 per cent., and they certainly could not be accused of favoring foreigners. He himself said in a former speech that the duties were too high, and if not reduced would cause general dissatisfaction. Our present revenue...
...more to the benefit of the world than could have been done under any other policy; (c) a protective tariff secures a nation's markets for its own products and so develops diversified industries which promote the general welfare.- Ellis H. Roberts, New Princeton Review, May, 1887; Stebbins, Amer. Protectionist Manual, ch. 3; Fawcett's Free Trade and Protection...
...includes a revision of the tariff and a reduction of the surplus, together with protection to home industries, would promote the welfare of the country. References: John Sherman speech of Jan. 4, 1888, in Boston Herald of Jan. 5; the Forum for August and December, 1887; Stebbin's American Protectionist Manual; No. Am. Review...
...considered in the same true spirit. This commercial problem is yet very far from a final solution, and an unprejudiced examination by elementary students is most necessary. Professor Thompson's "Protection to Home Industry" - which book is to be used in the course - is a masterly exposition of the protectionist theory, and all who heard his lectures here a year ago must think that Professor Thompson has a sincere belief in his views...