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DEBATE OF MARCH 6, 1890."Resolved, That there should be complete commercial reciprocity between the United States and Canada."
Brief for the Affirmative.E. S. Griffing, '90, and G. O. Swasey, '90.
I. Increased trade would greatly benefit the United States because foreign trade takes place only when there is an advantage gained. (a) Our markets are glutted with surplus products Durrell's Relation of Tariff to Wages; Bradstreet's Journal, passim. (b) Cheaper raw materials would greatly benefit our manufacturers.
II. A reciprocity treaty with Canada will furnish us with the trade that we need. (a) It will give us a Iarge and convenient market for our surplus manufactures-American Magazine, XII; Commercial Relations, 1885 6, yol. 1. (b) It will open to us very accessible stores of coal, iron, timber and metals-Stat, Record of Canada, 1887; Forum, VI., p. 241: V. 7, p. 1; North American Review, CXXXIX., p. 44; Harpers, LXXVIII., p. 520.
III. The reciprocity treaty of 1854 trebled trade between Canada and the United States, and the trade fell off at the abrogation of the treaty-Hunt's Merch. Mag., XXXIV.
IV. A reciprocity treaty would settle the vexed fisheries question-Hunt's Merch. Mag., V. 44, p. 160.
Brief for the Negative.C. W. S encer, '90, and W. Scott, Sp.
Best general references: Congressional Globe, 2d session, 38th congress, part I.; Report of Canadian Minister Finance on Reciprocity Treaty, 1862; Report special committee in Canadian Monthly, vol. XVIII., p. 1.
I. Complete reciprocity is partioularly undesirable and unpractical. (a) Conflicting commercial policies of Great Britain and the United States-Report of A. T. Galt, Canadian minister of finance; Larned's Report of 1870; House ex. Doc., VIII., p. 19; (b) Tendency to check the movement towards annexation-Congressional Record, 50th congress, 1st session. (c) prevented by our treaty obligations with other nations-U. S. Treaties and Conventions.
II. Complete reciprocity is commercially detrimental. (a) Loss of revenue to both countries-Foreign and Domestic Commerce, 1864, p. 93; Forum, Nov. 1888. (b) Destruction to the internal revenue system of the United States-Congressional Globe, January 11, 1864-5.
III. Complete reciprocity is economically disastrous. (a) Loss by competition in stable products-Stebbins Manual; Pennsylvania Monthly, vol. V., p. 529. (b) Loss to the United States by emigration to Canada-Congressional Globe, vol. 67, p. 230. (c) Extension of our protective tariff without adequate return-Taussig's Tariff History.
IV. Commercial reciprocity is historically injurious-Abrogation of treaty of 1854; Debates in congress, Congressional Globe December 21, 1864, January 11, 12, 1865.
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