Jasper County Democrat, Volume 12, Number 93, Rensselaer, Jasper County, 5 March 1910 — TARIFF AND EXPORTS. [ARTICLE]

TARIFF AND EXPORTS.

Protected Trusts Able to Meet Competition In the Foreign Markets. It is always pertinent to note the success with which some of the “infant industries’’ of this country compete with foreign industries in foreign markets, in spite of the fact that they demand a big tariff handicap to compete with foreign products in the domestic market. Some of the export figures for the year 1907 are instructive. For Instance: The oil trust, which then enjoyed a countervailing duty ranging from 7 to more than 100 per cent, exported products to the value of more than $78,000,000, paying foreign tariffs, marine freight and other added costs and yet competing successfully with competitors that were barred from competing with the trust in this country. The steel trust, which then had from 3 to 65 per cent protection, exported products to the value of more than $29,000,000. The woolen trust, protected by tariffs ranging from 55 to 144 per cent, could not supply the domestic demand, but sold its product at the highest prices possible in competition with the excessive cost of imports aggregating more than $307,000,000. The glucose trust, protected to the extent of 46 to 69 per cent, exported products to the value of $4,000,000. The meat trust, protected from 10 to 23 per cent, exported products to the value of more than $195,000,000. The leather trust, heavily protected, exported to the extent of $32,000,000. In each instance these trusts claimed that they needed protection in the home market against the products of cheap labor abroad, yet were able to pay foreign tariffs and marine freights and make these enormous exportations in competition with foreign products tn their own field.—Kansas City Times.