.... For example, years ago moquette carpets brought $5 to $6 per yard, but under protection, and owing to a loom invented by an American, they are now sold at $1.50 per yard and sometimes for less. Bessemer steel rails in 1867 brought $166 per ton, but with a protective duty the price in 1885 was only $28.50 per ton, and $27.50 in 1888. From 1867 to 1888 there were made in the United States 15,803,011...