What Is Free Trade? - An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American Reader by Frédéric Bastiat
page 75 of 142 (52%)
page 75 of 142 (52%)
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dollars? We would then have--
20 dollars--price at Montreal. 5 " duty. 10 " transportation on the common road. -- 35 dollars--total, or market price at New York. And this arrangement would have saved us the $2,000,000 spent upon the railway, besides the expense saved in custom-house surveillance, which would of course diminish in proportion as the temptation to smuggling would become less. But it is answered: The duty is necessary to protect New York industry. So be it; but do not then destroy the effect of it by your railway. For if you persist in your determination to keep the Canadian article on a par with the New York one at forty dollars, you must raise the duty to fifteen dollars, in order to have:-- 20 dollars--price at Montreal. 15 " protective duty. 5 " transportation by railway. -- 40 dollars--total, at equalized prices. And I now ask, of what benefit, under these circumstances, is the railway? Frankly, is it not humiliating to the nineteenth century, that it should be destined to transmit to future ages the example of such |
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