Jasper County Democrat, Volume 12, Number 100, Rensselaer, Jasper County, 30 March 1910 — “Protection" and “Retaliation.” [ARTICLE]

“Protection" and “Retaliation.”

[As understood by Benjamin Franklin.] “Supposing a country. X. with three manufactures, as cloth, silk. Iron, supplying three other countries, A, B, C, but is desirous of increasing the vent and raising the price of cloth in favor of her own clothiers. “In order to do this X forbids the importation of foreign cloth from A. “A. in return, forbids silks from X. Then the silk workers of X complain of decay of trade. “And X, to content them, forbids silks from B.

"B, in return, forbids ironware from X. Then the Ironworkers of X complain of decay. "And. X forbids the Importation of iron from C. z "O Id return forbids cloth from X. "What Is got by all these prohibitions? "Answer—All four find their common stock of the enjoyments and conveniences of life diminished." And doubtless when they come to this point X would revise its tariff upward and set the whole train of obstruction in motion again, and so on Indefinitely.