If, however, in the absence of such combination, a healthy and free
competition reduces the price of any particular dutiable article of home
production below the limit which it might otherwise reach under our
tariff laws, and if with such reduced price its manufacture continues to
thrive, it is entirely evident that one thing has been discovered which
should be carefully scrutinized in an effort to reduce taxation.
The necessity of combination to maintain the price of any commodity to
the tariff point furnishes proof that someone is willing to accept lower
prices for such commodity and that such prices are remunerative; and
lower prices produced by competition prove the same thing. Thus where
either of these conditions exists a case would seem to be presented for
an easy reduction of taxation.
The considerations which have been presented touching our tariff laws
are intended only to enforce an earnest recommendation that the surplus
revenues of the Government be prevented by the reduction of our customs
duties, and at the same time to emphasize a suggestion that in
accomplishing this purpose we may discharge a double duty to our people
by granting to them a measure of relief from tariff taxation in quarters
where it is most needed and from sources where it can be most fairly and
justly accorded.
Nor can the presentation made of such considerations be with any
degree of fairness regarded as evidence of unfriendliness toward our
manufacturing interests or of any lack of appreciation of their value
and importance.
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