Foss, Hon. Eugene N.
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The future relations of the United States and Canada and the effect upon the British Empire. An outline of the speaker's thoughts concerning the grave and delicate subject of these future relations. The speaker's outlook that of a business man upon the commercial and business interests of the two countries. The relations of the two countries in the past in most respects commendable. The great disappointment in the United States over the memorable decision which gave Canada the great valley of the Columbia River and her outlet to the pacific. Canada's disappointment in the award of the Alaskan Boundary Tribunal. The treatment received at Washington by Canadian representative in the past in their endeavours to improve the trade relations of the two countries. A review of the historical development of the U.S. national trade policy, in order to better understand the industrial situation in the U.S. and its bearing upon future relations with Canada and with other countries. The policy of "Protection," as originally conceived and defined by Alexander Hamilton, its founder. The tendency of tariff revision to increase, not to lower, the duties. Consequences of such a policy. Asking what is the reasonable and true idea of protection and how it can be justified. What protection is not. The only defence for protection. The danger of protection. Some descriptions of this system of protection as it exists today in the U.S. True protection. Industries which have justification for advancing the claim that they need support at the public expense. Other industries which have demonstrated their ability to become independent. The practical and difficult question in the U.S. which concerns such the industries as enjoy a greater degree of differential advantage than is needed. Ways in which the conditions that exist have been an obstacle to the relations which Canada desires with the U.S., and which Americans are now becoming wise enough to desire with Canadians. What the U.S. proposes to do. An explanation from the speaker as to what the U.S. does propose to do. The U.S. reaching the limit of such protection. The result of the recent National election in the U.S. as an endorsement of the protective policy, but not of its abuses. The birth of a new spirit among Americans which promises a wider and more liberal view of men and things the world over. The attitude of Canada toward the U.S. and what it will be. The overwhelming fact of a natural community of interest which exists between Canada and the U.S. The comparative failure of preference to Great Britain. Common interests and loyalties in ties to Great Britain. The speaker's belief that a commercial union between Canada and the U.S. would be only the first step in a compact with Great Britain, which would insure not only the industrial but the political peace of the world.