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able abroad agriculture American amount asked assertion average benefit better Britain British bushel capital carry cents cheap cheaper Chicago classes cloth competition condition consumer cost cotton crops dollars duty earnings employed England English equal Europe exports factories facts farm farmer favor five follows foreign France free trade gain give half hands higher home market houses hundred imports increase industry interest iron keep labor land laws leading less living lower manufactures material means Michigan miles millions mills needed operatives paid persons poor population pound present profit prosperity protective tariff raised rates reached reduced savings says sell shillings ships skill sold statement steel thousand tion true United wages wealth West Western whole wool woolen worth yard yearly York
Page 11 - A protecting duty, continued for a reasonable time, will sometimes be the least inconvenient mode in which the nation can tax itself for the support of such an experiment.
Page 11 - The superiority of one country over another in a branch of production often arises only from having begun it sooner. There may be no inherent advantage on one part or disadvantage on the other, but only a present superiority of acquired skill and experience.
Page 154 - Whereas it is necessary for the support of government, for the discharge of the debts of the United States, and the encouragement and protection of manufactures, that duties be laid on goods, wares, and merchandises imported: Be it enacted, etc.
Page 156 - If the term of seven years were to be selected of the greatest prosperity which this people have enjoyed since the establishment of their present constitution, it would be exactly that period of seven years which immediately followed the passage of the tariff of 1824.
Page 180 - Continent renders very unlikely; and because it was well worth while to incur a loss upon the first exportation, in order, by the glut, to stifle in the cradle those rising manufactures in the United States, which the war had forced into existence, contrary to the natural course of things...
Page 154 - To cultivate peace and maintain commerce and navigation in all their lawful enterprises ; to foster our fisheries and nurseries of navigation and for the nurture of man, and protect the manufactures adapted to our circumstances...
Page 155 - The power to impose duties on imports originally belonged to the several States. The right to adjust those duties with a view to the encouragement of domestic branches of industry is so completely incidental to that power that it is difficult to suppose the existence of the one without the other.
Page 51 - The internal competition which takes place, soon does away with everything like monopoly, and by degrees reduces the price of the article to the minimum of a reasonable profit on the capital employed. This accords with the reason of the thing, and with experience.
Page 155 - ... that power, that it is difficult to suppose the existence of the one without the other. The States have delegated their whole authority over imports, to the General Government, without limitation or restriction, saving the very inconsiderable reservation relating to their inspection Laws. This authority having thus entirely passed from the States, the right to exercise it for the purpose of protection does not exist in them; and consequently, if it be not possessed by the General Government,...