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Every one ought to wish, for his own sake and for that of the community, that the productions of the country should be protected against foreign competition, whenever the latter may be able to undersell the former." This argument is constantly recurring in all writings of the protectionist school.
He tried to undersell the state in the land market, and undoubtedly his offers had been among the main causes that induced Robertson and his associates to go to the Cumberland when they did.
The low rates of profit, owing to the miscalculation of competitors who establish too many factories and glut the market; the waste of energy in the work of competition; the adulteration of goods induced by the desire to undersell; the enormous royalties which must be paid to a competitor who has secured some new invention these and other causes necessitate some common action.
"The store is a side issue and is to be conducted merely to permit those who take advantage of my school to obtain the necessities of life at a fair and reasonable price." "Your words were well chosen, Miss Elliston. For if you begin to undersell the H.B.C., and more especially the independents, every Indian in the North will proceed to 'take advantage' of your school and of you also."
'They will make a combination with other mill-owners and undersell him; and paying less wages they can afford to do it, for a time. And a certain time will settle Rollo's business. 'I think he has lost his wits, Prudentia repeated, for the third or fourth utterance. 'Then another thing he has done But really, Arthur, my dear, we must go. 'O tell us some more! said Miss Kennedy.
This simple circumstance effectually provides for the dispersion of the human race, and the check of an undue growth in particular communities. The old state can always undersell the young one in manufactures, but it is everlastingly undersold by them in agriculture.
This illustration operated so powerfully upon the conviction and resentment of the whole college, that revenge was universally denounced against those who had aggrieved the plaintiff; and, after some debate, it was agreed, that he should make a new translation of some other saleable book, in opposition to a former version belonging to the delinquents, and print it in such a small size as would enable him to undersell their property; and that this new translation should be recommended and introduced into the world with the whole art and influence of the society.
Why did this essentially democratic Company in which all were subject to rules for the general good, and none should undersell his brother, and the rate of wages and the hours of labour were regulated so completely fail?
Let us suppose, what was indeed far from being the case, that Georgia so far advanced in improvement as to rival Carolina in raw materials, and exchangeable commodities, and to undersell her at the markets in Europe: This advantage could only arise from the superior quality of her lands, the cheapness of her labour, or her landed men being contented with smaller profits.
It is the boast of our manufacturers and such a marvel may well afford a subject for exultation that with cotton which grew on the banks of the Ganges, they can, by the aid of British capital, machinery, and enterprise, undersell, in the production of muslin and cotton goods, the native Indian manufacturers, who work up their fabrics in the close vicinity of the original cotton-fields.
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