On the Collection of RevenueAmerican Free Trade League, 1869 - 36 էջ |
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accumulated aggregate amount artificial scarcity barrel of flour become bonds bounty branches of production British Free Trade capitalist cause cease cents Charles Moran Chas cheap civilized claim climate clothing COLLECTION OF REVENUE comfort commerce consumer cost debt demand of Pennsylvania desire duction EDWARD ATKINSON eighteen dollars England Englishman exchange expenses foreign commodities free-trader gold Government import imposed income of capital income tax increased intelligence iron and steel Kaffir labor or effort Let us suppose levied luxuries manufac manufactures Mass ment nations natural advantages natural laws number of persons Ohio farmer paid paper money pauper labor portion product of labor profit of capital Protectionists raise raw material relative share rendered rent result of labor revenue tariff shoes soil South Africa spade labor spindles spinning jenny surplus surplus product taxation textile Thomas Holland tion twenty days UNIVERSITY OF MICHIGAN wages Williams College wool grower
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Էջ 26 - I think Boston to-day affords a good illustration of the evils of protection. The conditions of soil, climate and coast, indicated maritime pursuits as the province of New England men ; and she engaged in them chiefly until the South forced a protective tariff upon the country. As this destroyed commerce, New England developed textile manufactures before their time, and then, becoming converted to the doctrine of protection, continued to foster them by the same process. The result is, that a...
Էջ 4 - In proportion to the increase of capital, the absolute share of the total product falling to the capitalist is augmented, %and his relative share is diminished ; while, on the contrary, the laborer's share is increased both absolutely and relatively.
Էջ 29 - The wool growers' claim has been admitted, and a protective duty has been placed upon foreign wool. This claim might have been presented in a much stronger manner than it has been. The wool growers might have said to the manufacturers, " You advocate protection to American labor, and insist that you are its representatives because you are manufacturers : your claim is well grounded. American labor should be protected, and, if this is to be secured by protection to manufactures, we are the real manufacturers....
Էջ 35 - No permanent trade is possible where the satisfaction or gain is ail on one side. The mutuality of services rendered, is essential to the continuance of mutual exchange or trade. We want more foreign luxuries and comforts than England, because the great mass of our people can afford them better, and we have more natural resources than England, in the shape of easily worked mines, a better climate for the breeding of sheep and the product of wool, almost a monopoly in ordinary times in the production...
Էջ 13 - E to become an employer, and to hire men iroui elsewhere to come in and use his ploughs, since no one will hire them and his market will still take all farm products at a uniform price — the inhabitants of the city having increased as fast as the farm products increased. I have defined capital to be the surplus result of labor, not consumed, but put into a form for further use. The bonds or evidences of debt of the country must not be confined with the capital of the nation ; they may represent...
Էջ 27 - Avhich the Pennsylvanian has been caused to give thirty days to iron, he has only the iron ; he has no tea ; the Government has no revenue, and must now take a part of his ton of iron. Free exchange of the results of labor, free trade, free commerce, gives to each nation the advantage of the different gifts of soil and climate which God has bestowed upon the several sections of the earth.
Էջ 27 - By free exchange, each can satisfy his desire with twenty days' labor, and each will thus have ten days to spare. Wanting tea, each will work upon some commodity to exchange for tea. We will say that the Pennsylvanian wants five pounds of tea, and with five days...
Էջ 10 - ... share of the product is maintained much longer at a high point; so that ultimately the labor will have paid the tax in the form of a higher rate of profit upon capital than it could otherwise have commanded. Capital is no use to the owner, when hoarded : it must be put into some form in which it can render a service to labor ; and, as wealth or capital accumulates in a geometrical ratio, while population or labor only increases in an arithmetical ratio, the rate of interest or profit which capital...
Էջ 35 - ... larger amount of the gratuity of nature with the smaller amount of labor. I can only see one answer to the question, how we shall compete with England in supplying the world with manufactured articles, and that is by adopting the same system of British free trade as soon as our need of revenue, and a cautious, slow and judicious method in making the change, will allow us to do it. Freedom of trade, leads to the free movement of the laborer, and he will surely seek that country where he can secure...