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Show v TAHII F INCREASES THE ' ni'YixG poivek Washington, Juno 25 Those who are perplexed by the apparant paradox para-dox presented by Increasing imports under a protective tariff will find a .satisfactory explanation In an ad-i ad-i dress delivered by Representative ! Addison T. Smith, of Idaho, during the closing days of the recent session of Congress. Briefly stated, the explanation ex-planation is that the protective tariff produces prosperity among the American Am-erican people andmakes them more liberal buyers by reason of which they are able to buy more extensively extensive-ly abroad. In the course" of his address, ad-dress, Representative Smith says: "I believe that anyone who is unprejudiced un-prejudiced must be convinced, in view of the actual proofs" which are so evident that the protective policy represented by the Fordney law not only gives steady employment to labor la-bor but inriches our country' by keeping keep-ing our money within our own boarders board-ers and at the same time brings ample am-ple revenues to the government, thus resulting In the reduction of Federal Feder-al taxes. "Through the protective tariff policy pol-icy we discriminate in favor of our own people. Free trade really means giving preference to those not our own, those not of our own house, but to aliens and strangers in foreign lands. By refusing to protect our own we in fact protect our rivals. We create cre-ate by our neglect, a preference for the goods of the people of other nations; na-tions; we In effect invite fiicm to occupy oc-cupy our market and to supply our needs to the exclusion of the products pro-ducts of our own people. This causes the closing down of industrial plants. Thus our own are thrown out of employment. "The more general the free trade, the more widespread our neglect of our own, the greater the distress and want due to unemployment. In the end free trade defeats Itself, because the diminished purchasing power of the people, many of whom are unemployed, unem-ployed, and others who are limited In their work only to part time, prevents pre-vents them from making purchases with their usual liberality, and the demand for the foreign products finally fin-ally becomes less than it would be under un-der adequate protection and with employment em-ployment general and at good wages. "In proof of this, I am told of a large importer who called upon high officials of our government some months after the existing prosperity tariff went into effect to tell them that he had ceased to be a free trader trad-er and wasi now an avowed and ardent ar-dent protectionist. This importer said that he had given both of his ; time and money to help defeat the : Fordney tariff bill in the belief that it was a menace to the people and j convinced that it would greatly re- strict his own business. "In both of these views this im- porter found he was mistaken. The enactment of the Fordney tariff not only proved to be a blessing to the people in that quickly it first stabil- ized. then stiffened wages and in a number of cases led to increases. It led to the employment of four or five million idle Americans; it greatlv stimulated home trade: it established general prosperity; and it enormously enormous-ly enhanced the purchasing power of the people. "The result of these changed conditions, con-ditions, this importer said, actually has substantially and profitably increased in-creased his own business. With an abundance of money with which to buy. he fpund that the American market was better for his Imports, the consumption of which increased greatly to his profit and his prosperity." |