Show i LESSON XO NO 2 Dr By L. L A. A 4 Hollenbeck ck One ot of the declared objects or of n it tariff tax Is the protection and fostering fos- fos or of infant industries that thatIs Is new net ventures In business In agriculture agri- agri culture or manufacturing or other lines Late years we hear less about Infant infant Industries because the Infants In- In ants have generally become fall futI grown and still want protection for other reasons that will be e later ex cx Heretofore when a new enterprise enterprise en- en was being started It fl had to build up a business there was no market and It was Jas necessary arl to create create cre- cre ate a market for tor the goods goads at large expense raw for manufacture ture lead had to be e bought at regular rates because only small quantities could be used and hence the expense expense ex- ex I pense was so large In launching ll anew a i new business that it had bal to operate at a loss until it could build up a business that operated on a large scale and while it was thus building up It was known as Infant industry Therefore the promoters had to operate op op- crate erate at a loss for a considerable time or else the price of the manufactured manufactured manu manu- goods had to bo be raised ann ana the way they raised the price of the goods was by having congress passa pass a law placing a tariff tax on the same kind of goods coming in trout foreign and at the same time ena enabled led the infant Industry to raise the price ot of its product by adding the tariff to it fl and compelling the American public to pay the added price and the infant industry got the he added tariff price and atul the got no tax at all all except from some foreign goods goads that came in in In spite of the tarIff An infant industry confesses that it is running at a loss anti and wants to tax the American people so that it itcan itcan can run at a profit It says sas to the people I am running an unprofitable unprofitable able business and I want you the people collectively and Individually to reach down into your pockets and donate enough to me by taxation taxation taxa- taxa tion so that my unprofitable bus busi- floss noss will become profitable The people must make oa a success of their I own business and also guarantee the infant Industry the success ot of Its unsuccessful business And whenever when when- I ever it really happens that a bus busi- business ness is being operated at a loss and andis Is being helped out by a tariff tax It Itis I is also true that there is' is an actual loss to the producing wealth of the I world for tor It if It costs a dollar to produce a thing and anel that thing Is worth only fifty cents there is nn an actual loss to the worlds world's wealth of fifty ceJ cents s just the same as asif it a quantity quan- quan tit of wealth is destroyed b by fire |