History of the United States, Volume 6Andrews, Elisha Benjamin
History
History of the United States, Volume 6
Andrews, Elisha Benjamin
United States -- History
When the session closed Chairman Payne set on foot a series of
investigations ostensibly to gain information to be used in the coming
revision. It is possible that this was also an attempt to end the
criticism aimed at the leaders who had opposed the appointment of a
commission. Both the Democratic and Republican platforms of 1908
promised tariff revision, but of course in different ways. The
Republican leaders said the policy of the party would be to fix the
duties at a point which would not only offset the higher cost of
production in this country, but would also guarantee to the
manufacturers a fair profit. The election put the conservatives of the
Republican party in control of all branches of the government, and when
the principal committees of both houses of Congress fell under the
control of men fully committed to the dogma of protection, the chance
for a revision downward seemed slight. A special session was called soon
after President Taft's inauguration, and the Payne Bill, which it was
claimed aimed to decrease duties and increase the revenue, passed the
House by a vote of 217 to 161.
The Finance Committee of the Senate, to which the bill was referred when
it reached the Senate, instead of reporting it, reported a substitute
measure--the Aldrich Bill. This the House refused to accept and the
usual conference committee was organized, out of which committee came
the compromise Payne-Aldrich Bill, destined to become law through the
President's signature, August 5, 1909.
The debate in the Senate was a noteworthy one. The progressive senators
of the Middle West, led by Dolliver, of Iowa, and La Follette, of
Wisconsin, fought the measure sturdily, but with little success.
"Jokers" slipped in here and there, and more than one critic has charged
that the Senate was less solicitous for the rights of the consumers than
for the rights of the "interests."
Several schedules have come in for the most severe kind of criticism. In
the cotton schedule the increased rates laid upon certain classes of
cotton goods seem to have been imposed for the benefit of New England
manufacturers. These rates affect articles used by every person in the
United States. Most of these articles are manufactured from raw material
produced in America, and the cost of manufacturing the staple articles
is but slightly higher than in any of the important competing countries.
The average rate imposed by the Dingley Tariff, according to the Bureau
of Statistics, was 38 per cent on cotton cloth and similar rates on
other cotton goods. Since 1897 the "infant industries" have grown, and
some have in recent years declared dividends of 66 per cent per annum.
The Payne-Aldrich Bill increased the average rate on cotton goods from
44.84 per cent in the Dingley Tariff to 50.62 per cent. The increases
are not so much on the high-priced goods as on the cheaper grades.
Public-domain text, read in full here on John Shaqi.
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