Abstract

"My Dear Senator"

This article presents the author's views on the trend of the world towards a protective tariff and the movement in England regarding tariff. There would have to be a gradual approach-first, in the direction of tariffs for revenue only with the protective principle eliminated. There could be no such transition without working some hardship upon government-pap-fed industries, and those which are kept alive in defiance of economic law and in spite of the absence of any economic necessity for them. But, as has been pointed out so often, this fact that there might be very considerable readjustments need deter no one from accepting the sound principle of complete freedom of trade, for the fact is that radical and far-reaching readjustments are the order of the day in many lines of industry.