On the record
It is especially dangerous when it is promoted by rates of duty on imported goods higher than are necessary to cover the difference in the cost of labor here and abroad.
Source
gutenberg.orgJohn Sherman: “It is especially dangerous when it is promoted by rates of duty on imported goods higher than are necessary to cover the…”
Editor's note · Context
Sherman warns that excessive duties on imports can lead to dangerous monopolistic practices.
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More from John Sherman
If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.
What I have written is no doubt clouded with partisanship, but I would not be honest if I did not express my attachment to my party.
Canada and Mexico as independent republics will be more valuable to the United States than if carved into additional states.
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
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