WASHINGTON, Oct. 6, 1915.

THE HOME MARKET.
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THE HOME MARKET.

 The advocates of pr0tectjUc tari6 are averse to a commercial treaty between lis country and England, because, say they, We should send more grain and meat to tha, country, and take of her far more clothes, wares Sc. in return. Commerce would, for a brief season, be stimulated, but our manu- lactres would be shaken and crippled, if not prostrted; and our agriculture, compelled to seek a market across the ocean for east sur plus product, would be doomed to subsist on low prices forever.' This argument is quite curiosity in logic. If t were said that ag- riculture, tied down to home market, by laws prohibiting free interchange of com modiles between different nations, would be doomed to subsist on low prices forever one could see something approaching com mon sence in 1t; but to say that the opening to us ol new market, where all tarm pro- ducts are much higher than here at home, must produce that effect, is refinement in polilico-economcal logic that would puzzle a Philadelphia lawyer, or any other erproblem- solver, to explain. If il is meant that the dimuntion of the northern and eastern man. ufactuIing markets would be so great as to outweigh the entire market of Great Britain, with her twenty-five millions of souls, then we can but marvel at the credulity presumed in the public It is doubtful whether, if the restrictions upon foreign trade were perma- nently reduced to the standard of the com promise act, one single pound of pork, or one bushel less of corn, would thereby be consumed in the eastern markets A Prohl- biiory or high protective tariff is, therefore, maintained at the direct cost of the agricul- tugal interest, to the exclusive benefit of the home manufacturer, when the currency is down to the minimum point, and to the pro- fit of the foreign manufacturer when the eur rency is so inflated as to nullify the effects oi protection, as it frequently has been.

 Philadelphia Ledger.