FREE BOOKS

Author's List




PREV.   NEXT  
|<   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41  
42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   >>   >|  
lf-levelling power of industry, prevent fusion of interests, neutralize the counterpoise, and fence in each nation within its own peculiar advantages and disadvantages. 3. _Even were the labor of one country crushed by the competition of more favored climates (which is denied), protective duties cannot equalize the facilities of production._ To say that by a protective law the conditions of production are equalized, is to disguise an error under false terms. It is not true that an import duty equalizes the conditions of production. These remain after the imposition of the duty just as they were before. The most that law can do is to equalize the _conditions of sale_. If it should be said that I am playing upon words, I retort the accusation upon my adversaries. It is for them to prove that _production_ and _sale_ are synonymous terms, which if they cannot do, I have a right to accuse them, if not of playing upon words, at least of confounding them. Let me be permitted to exemplify my idea. Suppose that several New York speculators should determine to devote themselves to the production of oranges. They know that the oranges of Portugal can be sold in New York at one cent each, whilst on account of the boxes, hot-houses, &c., which are necessary to ward against the severity of our climate, it is impossible to raise them at less than a dollar apiece. They accordingly demand a duty of ninety-nine cents upon Portugal oranges. With the help of this duty, say they, the _conditions of production_ will be equalized. Congress, yielding as usual to this argument, imposes a duty of ninety-nine cents on each foreign orange. Now I say that the _relative conditions of production_ are in no wise changed. The law can take nothing from the heat of the sun in Lisbon, nor from the severity of the frosts in New York. Oranges continuing to mature themselves _naturally_ on the banks of the Tagus, and artificially upon those of the Hudson, must continue to require for their production much more labor on the latter than the former. The law can only equalize the _conditions of sale_. It is evident that while the Portuguese sell their oranges here at a dollar apiece, the ninety-nine cents which go to pay the tax are taken from the American consumer. Now look at the whimsicality of the result. Upon each Portuguese orange, the country loses nothing; for the ninety-nine cents which the consumer pays to satisfy the impost tax, enter into th
PREV.   NEXT  
|<   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41  
42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   >>   >|  



Top keywords:
production
 

conditions

 

oranges

 

ninety

 

equalize

 

playing

 
severity
 

orange

 

equalized

 

Portuguese


country

 

dollar

 

apiece

 

consumer

 
Portugal
 

protective

 

changed

 

Congress

 

climate

 

impossible


imposes
 

relative

 

foreign

 
argument
 
yielding
 

demand

 

American

 

evident

 

whimsicality

 

result


impost

 

satisfy

 

Oranges

 

continuing

 

mature

 

frosts

 

Lisbon

 
naturally
 

require

 

continue


artificially

 

Hudson

 
duties
 
facilities
 

denied

 

climates

 
crushed
 

competition

 
favored
 

disguise