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Emporium, Cameron County, Pennsylvania
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An old Dakota farmer on a train discusses U.S. economic prosperity from trade surplus with Europe and urges Congress to subsidize American shipping to reclaim freight profits from foreign carriers, signed by Eli Perkins.
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"Then again they say we ain't managing our commerce right. They say we don't own the ships that carry this stuff to Europe. They say European ships get $200,000,000 for carrying this stuff across the ocean. Now. why don't congress bolster up our ships a little, as it did our tin factories, glass factories and silk factories? Why. suppose congress should give our ships ten or twenty million dollars to help them start in? Call it a subsidy. What of it? By and by, when the ships get started, we'll save $200,000,000 a year from going to European ship owners. We bait a trap to catch a rat, don't we, but we don't have to feed him cheese after he is caught.
"We've farmers won't squeal if congress will spend twenty millions to save two hundred millions. England and Germany back up their ships and give them a bonus on the money they make for their country. They steal the carrying trade and take $200,000,000 out of our pockets every year. I say fight them with their own ammunition, as we fight the Russian thistle. By and by when we sell Europe a billion and a half dollars' worth of cotton. corn. meat and manufactured goods-and get paid for carrying it to them-why then we'll have the whole earth: You hear me!"
ELI PERKINS.
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Location
On A Train
Event Date
Last Year
Story Details
An old Dakota farmer explains to Eli the U.S. trade surplus with Europe, criticizes free silver and free trade, and advocates for subsidizing American ships to capture the carrying trade from European vessels, comparing it to protecting other industries.