Front Page Titles (by Subject) CHAPTER VII: CONCLUSIONS - The Comedy of Protection
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CHAPTER VII: CONCLUSIONS - Yves Guyot, The Comedy of Protection 
The Comedy of Protection, trans. M.A. Hamilton (London: Hodder and Stoughton, 1906).
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1.High wages are not due to Protection, but to the scarcity of skilled labour; of the emigrants few are skilled artisans, the majority being casuals or agricultural labourers, the best of whom become farmers.
2. Americans are too modest in attributing their success to Protection. In their case, as in that of every other nation, it is due to great natural resources in pasturage, forests, and mines, and to the energy, mechanical genius, and capacity for organisation shown by their people. When they replace their protective by a revenue tariff they will advance by leaps and bounds.
GERMAN NATIONAL ECONOMY