Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
History
Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
League of Nations; Treaty of Versailles (1919 June 28); World War, 1914-1918; World War, 1914-1918 -- Economic aspects; World War, 1914-1918 -- Finance
"America has a large tobacco industry at home. We import
tobacco in vast quantities from every producing land to satisfy
the whimsical and varying tastes of connoisseurs. Our own
tobacco is discouraged by those who smoke it under the name of
Turkish, Egyptian, Cuban, Dutch, Spanish, and other foreign
products, and pay a heavy price for the critical taste which
their vanity causes them to imagine they possess. Last year
these imports of leaf tobacco alone were valued at $26,000,000,
or $10,000,000 more than in 1915. The war tax is five cents a
pound added to eight cents paid under the internal revenue act,
or thirteen cents altogether. There is also a duty of $1.85 to
$2.50 a pound. To increase the tax would encourage the industry
in Kentucky, Virginia, Pennsylvania, Connecticut, and other
states, while saving our resources in ships and keeping our
money at home.
"In addition, America spent $7,000,000 for foreign-made cigars
and cigarettes last year. These purchases support foreign
factories, although our own factories use the same raw material
which they import. They have jumped nearly $3,000,000 in two
years. Until the war is ended, Americans should be satisfied
with cigars 'made in America.' The present war tax ranges from
one tenth of a cent to one cent on each cigar, according to
value, in addition to a duty of $4.50 a pound and 25 percent.
_ad valorem_. A higher tax would deprive the smoker of nothing
but a craving for the foreign label on his cigar box, unless he
chose to pay well for it. He can even get a Spanish name on his
American-made cigar.
DIAMONDS, LEATHER AND MILLINERY
"America spent $41,000,000 in 1917 to import diamonds, pearls,
and other precious stones and imitations, not set. They paid a
war tax of only 3 percent. when made into jewelry. America
could be content with beauty less adorned to keep this
$40,000,000 at home, or those who insist on sending their money
to African mine owners and Dutch cutters should pay a larger
tax.
Public-domain text, read in full here on John Shaqi.
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