Word: tariff
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Dates: during 1880-1889
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Prof. Thompson took as the subject of his third lecture on Protection last evening. The relation of the tariff to the working men's interests. Educated men lack sympathy with the laboring classes. Trades Unions and strikes are unconditionally condemned by them. But we should not forget that the social classes owe something to each other. Protection is the expression of national interest in the laborer. The condition of this class did not begin to improve until Protection became our policy, contrary to general belief. Farm laborers received at the most $5 per month, boys $1. The farmers could...
...large audience which listened last evening to Prof. Thompson's lecture on Protection was amply repaid by the eloquent and convincing discourse which they heard. It was a presentation of historical evidence which seems to indicate the wisdom of our present tariff policy. There is no better way of arriving at the truth of a theory than by studying its workings in the past, it has given use to the Historical School of Economists. England, the champion of industrial economics, first demands our attention. She was for a long time, in the very early stages of development, a free trade...
...hands, starvation was the result. The absence of alternative occupation is the true cause of the poverty of Ireland. A country which is without some alternative occupations cannot create them in the face of open competition. Protection, she must have. The lecture then closed, after a rapid glance at tariff legislation in the United States...
...first of the four lectures to be delivered on Protective Tariffs by Prof. Robt. E. Thompson of the University of Pennsylvania was very fully attended. The lecture was a statement of certain preliminary matters on the subject of the tariff. The subsequent lectures will be devoted to a general discussion of protection, its effect upon labor, and a refutation of arguments commonly advanced against a protective tariff. The lecturer began by stating certain principles to which all economists agreed, love of our country before all others, the least interference of government consistent with our general welfare, and the need...
Many free trade countries levy duties for revenue only. There is much natural protection, articles of bulk cannot be imported on account of the freightage. Farmers derive great benefit from protection by a market being furnished for their produce. They, not the manufacturers, first demand a tariff. We have manufactures because we have a tariff...