Show TARIFF XU ANI I New York Sun For whatever merI merit mer mer- it I there mo may be In the thc cause It Is la to be hoped that the lie arsenal from which John Sharp Williams draw raw his ammunition ammu ammu- contains better beter material for Cor reducIng re re- re the height of or tariff walls wals than Sophisms about cut prices on exported merchandise e To a a man up imp a tree It would appear that the thc tools needed for Cor tariff tari wall wal reduction arc are sledge hammers battering rams and heavy ordnance The Thc price cut argument Is Isan Isan isan an Implement of oC time the putty blower type Its Is effectiveness depends far Car less hess upon tIme the weight of ot the thc projectile than upon the he wind power of or the thc man who operates operates' it H. Mr Williams Williams' superior attainments In that lint direction ma may be admitted but It I must be recognized that he lie cannot lower louver the thc height of the thc wall vail wal without considerable help Few of those around him him are aro as able as ho in the use of the particular weapon ho has ha chosen I There is nothing new In cither the thear ar argument or the thc fact of cut prIces price eu on goods for 01 export That Is certain lines linos of American merchandise aro aro sold In iii foreign markets at lower prices I than those charged for Cor the thc same goods In the time home market We Ve are am told that because watches steel rails ris sew sew- ing lug machines and sundry other products pro pro- ducts of or American factories are sold more cheaply for to export than the they are for foi homo home use the tariff tari should be so revised as a to compel through h foreign competition a reduction of domestic prices The m argument Is specious but butI It I Is distinctly fallacious It I falls fals to the ground upon a presentation of the he limited extent of oC the lie evil and the tho reasons reasons rea rca sons for lOI the practice The value of the merchandise exported under such conditions Is difficult and perhaps impossible im Im- Irn- Irn possible 0 of ot exact determination It I has been heen estimated as approximating a a year That would represent represent rep rep- resent about 30 cents cants in every elY 00 of oC our exports and about 20 cents In er e every 1000 of or our total ion tion ton The rime process known as dumping Is Isa isa a common In lii man lanc lands ls anti It I Is by no 10 means confined l t to export i t trade ratIo An overloaded merchant re reduces reduces re- re duces his stock by a a special sale fule at cut cul prices TIme The retail dealer healer runs a bargain barg-aln counter A factory with a capacity of oC 1000 units unis a da lay day has a market for 0 only units units- unis Running on the thc basis of oC SOO the lie unit cost is kim kim- ni- ni il- il creased For reasons of economy in unit the thc factory Is run to Its Is full ful Capacity capacity ca ca- and units unis are exported at al cost or 01 at ft less les than cost and lowerIng lowering lower lower- Ing InS of oC unit cost offsets the thc loss los If such there be on the thc O units exported The proprietor secures a a lar larger er Irot profit on his investment In and amid employment ment Is furnished for fOl a greater greaten number of wa wage e earners The rue system and its Is principle of oC operation operation op op- op- op may not be 10 familiar lar fum In Iii the neighborhood of Mr Williams Williams' iJams cotton cotton cot cot- ton omi plantation but It I Is fully understood under tinnier stood In Iii manufacturing circles everywhere every every- where It I is a n common practice In InEn En England land as a. a it I is In Germany and the tIme United States It I is not to be regulated regu regu- hated controlled or 01 prohibited by hy re revision revision re- re vision of tariff Our schedules undoubtedly un un- need an ami o overhauling and amid revision re along business lines Jnes could be effected with wih general benefit to our economic welfare but hut the thc argument of price cutting for COl export trade on omi an insignificant percentage percenta e of our foreign foreign for for- cl eign n sales Is a feeble and probably a a futile Implement in reconstruction As an arm enterprise which gives gl promise prom prom- Iso ise of profitable results the lie exercise of oC tho the dumping argument bears hears stronger resemblance to the lie digging ing of angle Io worms than It docs does to corn cOIn pla planting mm tl ug |