Page:The New Protectionism.djvu/75

This page has been proofread, but needs to be validated.
THE TANGLES OF A TARIFF
51

risks in time of war, while it would, by limiting the sources of supply in time of peace, cause grave fluctuations in supplies and prices. A tariff involving a withdrawal from our Allies of their hitherto free market in this country would operate, not as a cement, but as a dissolvent of friendship. Nor would the stiff taxation upon neutrals, necessary to furnish three lower scales of preference, conciliate the commercial or political friendship of these countries. Finally, considered as a weapon against Germany, a trade boycott, so far as it is not futile, has a recoil equal to the force of its discharge.

This article is issued from Wikisource. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.