But the nominal free- trader finds it very difficult to unite the largest revenue from any article with "incidental protection" to the competing product at home.

If the duty be so arranged as to produce the greatest amount of revenue, it must be placed at that point where the foreign article is able to undersell the domestic article and thus command the market to the exclusion of competition.

This result goes beyond what the so-called American free-trader intends in practice, but not beyond what he implies in theory.
The American protectionist does not seek to evade the legitimate results of his theory.

He starts with the proposition that whatever is manufactured at home gives work and wages to our own people, and that if they duty is even put so high as to prohibit the import of the foreign article, the competition of home producers will, according to the doctrine of Mr.Hamilton, rapidly reduce the price to the consumer.

He gives numerous illustrations of articles which under the influence of home competition have fallen in price below the point at which the foreign article was furnished when there was no protection.