Show th the 6 felt velt manufacturer manufacturers after on one of professor george gun tons lec lectures on the economic philosophy of protection at the republican club of new york city mr dolge the felt manufacturer was called out and an 1 I speaking of the effect of the new tariff law bo lie said that after its enactment the felt importers asked him how much lie was going to raise the price he ile answered not at all and the importers reduced their price in this market 5 per cent As it was known that he lie increased the wages of his employees 20 per cent and had reduced their working time half an hour a day it did not seem as if the increased duty on woolens had helped him at all he ile however mentioned a collateral help ile had hall been ina making king felt for glass polishers and selling it for per pound but the mckinley McKin lcy bill eo so increased the tile consumption of polished eption glass in this country that lie felt justified in expending some in improved machinery for manufacturing sheet felt and he is now bolling the same quality at sixty cents per pound and making more money than when he lie sold it for the foreign manufacturers paid the iacre increased med duty and cut their prices here 5 per cent by reducing wages now if it they are going to compete in this onn try they must invest in improved machinery probably buying it in this bonu try ti y it I 1 is experiences such ae as this that rend mud importers to the sanc sanctum tums Hof of such papers as the times aud post demanding dilloff more frequent and violent ri denunciations of a law that every one sees ie to steadily increasing the prosperity of tho country by distributing a larger amount of money in wages for if this sort of thing continues they will not be able to keep up their advertisements advertise menta and senbei dies it is oven even possible that they transfer their works to this country and become robbers themselves paying american wages to workmen who will consume american products |