Tariff and Wages

Tariff and Wages

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Excerpt from Tariff and Wages: Paul and His Father Have a Dialogue Discussion of These Vital Questions

Moulton, Wenborne & Co., Buffalo, N. Y., have just published "Tariff and Wages," by Geo. W. Elliott, of Rochester, N. Y. Mr. Elliott has had, as manager of advertising and publications of the immensely successful house of H. H. Warner & Co., who have branches all over the globe, unusual advantages in the study of international trade policies. He withdrew from active journalism ten years ago for the purpose of making a study of trade problems. He was originally a free trader, and is one now theoretically, but he believes, as an American, one must sustain a genuine protective tariff policy. He treats his theme in dialogue manner with his son Paul, and makes a book so simple that the perplexing problems of the tariff can be readily understood by the wage-worker. He holds that there is no such thing as a fixed wages fund apart from protection, which is the source of all wages. He shows that protection does foster production in many respects that would not obtain were we in open competition with free trade England, and hence protected production, by furnishing diversity of employments, maintains a better rate of wages than could prevail were varieties of employments less numerous and were more labor forced into agricultural pursuits.

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