11/32 _Even were the labor of one country crushed by the competition of more favored climates (which is denied), protective duties cannot equalize the facilities of production._ To say that by a protective law the conditions of production are equalized, is to disguise an error under false terms. It is not true that an import duty equalizes the conditions of production. These remain after the imposition of the duty just as they were before. The most that law can do is to equalize the _conditions of sale_. If it should be said that I am playing upon words, I retort the accusation upon my adversaries. |