We DO need a Ship Subsidy—we Trusts.
We want to maintain our monopoly at home, and we will do it. We want to continue to undersell the foreigner in the market and we will do it. We want, furthermore, to rake into our own coffers the profits now reaped by the foreigner who controls ocean transportation.
We COULD do this by lowering the Tariff, but that would derange our entire Class-law fabric. That would endanger our monopoly of the home market.
Consequently, the only way for us to get what WE want, is to have the Government grant us a Subsidy which will make good to us THAT DIFFERENCE IN PRICE between home-made and foreign-made vessels WHICH OUR TRUST-CREATING TARIFF HAS CAUSED.
Thus we, the Privileged, will unload upon the Unprivileged BOTH LOADS,—that of the Trust, and that of OUR escape from THE ONE CONSEQUENCE of the trust WHICH HURTS US.
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There is only one incident to the Protective system which is a drawback to the Trusts.
That is THE IMPOSSIBILITY OF CONTROLLING OCEAN TRANSPORTATION.
Every OTHER incident to the Protective System HELPS THE TRUSTS AND HURTS THE PEOPLE.
The one incident which HURTS THE TRUSTS AND HELPS THE PEOPLE must be dealt with.