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Editorial
May 7, 1872
The Bloomfield Times
New Bloomfield, Perry County, Pennsylvania
What is this article about?
This editorial uses examples of value added to iron by manufacturing to argue that protective tariffs are essential to support American labor and prevent benefiting European millionaires at the expense of local workers.
Clipping
OCR Quality
98%
Excellent
Full Text
A bar of iron which is worth but $5, when manufactured into horse shoes is worth $10, that same bar of iron manufactured into nails is worth $55, and manufactured into pen-knife blades it is worth $29,840, and when manufactured into watch springs, it is increased in value to the enormous sum of $250,000, and all this increase in value is the result of labor alone. If you want this work done in America, protect the labor by a tariff. If you desire to starve your own laborers for the benefit of the European millionaires, not the laborers, for they do not pay their laborers, abolish protection.
What sub-type of article is it?
Economic Policy
Labor
Trade Or Commerce
What keywords are associated?
Tariffs
Protectionism
Labor Value
American Manufacturing
European Competition
What entities or persons were involved?
American Laborers
European Millionaires
Editorial Details
Primary Topic
Protective Tariffs For American Manufacturing Labor
Stance / Tone
Strong Advocacy For Tariff Protection
Key Figures
American Laborers
European Millionaires
Key Arguments
Labor Alone Increases The Value Of Raw Iron From $5 To Up To $250,000 Through Manufacturing
Protective Tariffs Ensure Manufacturing Work Is Done In America
Abolishing Protection Starves American Laborers To Benefit European Millionaires