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" 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... "
The American Protectionist's Manual - Page 51
by Giles Badger Stebbins - 1883 - 192 pages
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Pocket Cyclopedia of Protection: Containing Facts and Figures on Every Phase ...

John Ford (of New York) - 1892 - 152 pages
...afforded, and, accordingly, seldom or never fails to be sold cheaper, in process of time, than was the foreign article for which it is a substitute....with the reason of the thing and with experience. Whence it follows that it is the interest of the community, with a view to eventual and permanent economy,...
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State Papers and Speeches on the Tariff: With an Introduction by F.W. Taussig

Frank William Taussig - 1892 - 420 pages
...foreign article for which it is a substitute. The internal competition which takes place soon does away everything like monopoly, and by degrees reduces the...with the reason of the thing and with experience. Whence it follows that it is the interest of a community, with a view to eventual and permanent economy,...
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State Papers and Speeches on the Tariff

Frank William Taussig - 1893 - 408 pages
...foreign article for which it is a substitute. The internal competition which takes place soon does away everything like monopoly, and by degrees reduces the...with the reason of the thing and with experience. Whence it follows that it is the interest of a community, with a view to eventual and permanent economy,...
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American Tariff Controversies in the Nineteenth Century, Volume 1

Edward Stanwood - 1903 - 440 pages
...be afforded, and accordingly seldom or never fails to be sold, cheaper in process of time than was the foreign article for which it is a substitute....with the reason of the thing and with experience. ... In a national view a temporary enhancement of price must always be well compensated by a permanent...
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The Industrial History of the United States

Katharine Coman - 1905 - 474 pages
...be afforded, and accordingly seldom or never fails to be sold cheaper, in process of time, than was the foreign article for which it is a substitute....with the reason of the thing and with experience." According to Hamilton the United States could not afford to remain an agricultural community dependent...
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The Industrial History of the U.S.

Katharine Coman - 1907 - 466 pages
...be afforded, and accordingly seldom or never fails to be sold cheaper, in process of time, than was the foreign article for which it is a substitute....with the reason of the thing and with experience." According to Hamilton the United States could not afford to remain an agricultural community dependent...
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The Library of Original Sources, Volume 8

Oliver Joseph Thatcher - 1907 - 618 pages
...foreign article for which it is a substitute. The internal competition which takes place, soon does away everything like monopoly, and by degrees reduces the...with the reason of the thing, and with experience. Whence it follows that it is the interest of a community, with a view to eventual and permanent economy,...
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Modern Tariff History: Germany - United States - France: By Percy Ashley, M.a

Percy Ashley - 1910 - 486 pages
...engaged in the prosecution of it a competent number of persons, it invariably becomes cheaper. . . . The internal competition which takes place soon does...minimum of a reasonable profit on the capital employed. ... In a national view, a temporary enhancement of price mnst always be compensated by a permanent...
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A Curb to Predatory Wealth

William Vickroy Marshall - 1912 - 152 pages
...than was the foreign article for which it was a substitute. The internal competition which takes place does away with everything like monopoly, and by degrees...reasonable profit on the capital employed. This accords both with reason and with experience." Hamilton expected competition at home instead of monopoly, and...
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Report on Manufactures

United States. Dept. of the Treasury - 1913 - 68 pages
...foreign article for which it is a substitute. The internal competition which takes place, soon does away everything like monopoly, and by degrees reduces the...with the reason of the thing and with experience. Whence it follows, that it is the interest of a community, with a view to eventual and permanent economy,...
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