Word: trading
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Dates: during 1880-1889
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...Free Trade.-Mr. F. L. Godkin. Sever...
...Free Trade Lecture, E. L. Godkin.- Sever...
...herein is a very delicate proceeding, for it is in practice an interference of government with purely private affairs. Legislators are poor enough managers of their own affairs, and much poorer of the affairs of others. It must next be remembered that for political purposes the profitableness of foreign trade is conceded by a tariff; inasmuch as when a high tariff exists it implies a strong effective demand for foreign goods. The minority of the people at least wants a foreign trade, so that it is wrong to state absolutely that Americans are protectionists. This leads to a question...
Taxation for encouraging trade may be right, but is a tariff the best mode of imposing such taxation? Protective tariffs are to give certain profits to a certain class of producers, to compensate for certain losses. Now, as a rule, no tax is levied by Congress without giving the definite amount and purpose; but the matter of tariffs is an exception. Taxes levied for aiding manufacture are mixed up with other government expenses. Yet the people have a right to know all the particulars of taxation, "how much and what for." All national expenditures and taxes should be purely open...
...audience which assembled last evening in Sever 11 to hear Mr. E. L. Godkin's first lecture on Free Trade was suggestive only of the audiences which listened last fall to Prof. Thompson's lectures on Protection. The subject of Mr. Godkin's first lecture was "Reason why free trade has not made greater advances." In the United States, Russia and Germany, protection never flourished more than in the last twenty-five years. Americans are substantially protectionists to-day. Protection has grown. England's free trade policy was due to a search for cheaper food and a zealous attack against...