The Century Illustrated Monthly Magazine (May 1913): Vol. LXXXVI. New Series: Vol. LXIV. May to October, 1913Various
History
The Century Illustrated Monthly Magazine (May 1913): Vol. LXXXVI. New Series: Vol. LXIV. May to October, 1913
Various
Periodicals
Yet all of these wools, when brought to the gates of the United States
custom-house, would have to pay the same duty of eleven cents per
pound. On fine English wool, which contains only ten per cent. of
grease and dirt, this is equivalent to a little over twelve cents a
pound of clean wool. On a wool shrinking in weight, in the course of
scouring, to only one fifth of its raw weight, the eleven-cents duty
is equivalent to fifty-five cents per pound of clean wool, a figure
which no manufacturer can afford to pay, and which, therefore, keeps
the wool out of this country. Taken in connection with the price of
wool, the discrimination against the coarse, heavy-shrinking wools used
primarily by the woolen industry appears even more striking. Thus, on
the finer grades of wool quoted in London at forty-seven cents per
pound, the duty of eleven cents would be equivalent to twenty-three
per cent. ad valorem; while on the lower-priced wools, the only kind
that is available for the poor man’s cloth, the eleven-cents duty would
be equivalent to the prohibitive figure of anywhere from one hundred
to five hundred and fifty per cent. The result is that the durable,
weather-proof, and health-protecting cheap woolen cloth which the
English and Continental working-man can afford to wear, must give way
to the short-lived but dressy cotton worsted, which leaves the American
workman, compelled to work outdoors in all sorts of weather, poorly
protected against its inclemencies.
THE DUTY ON CLOTH
So much for the raw wool, which does not concern the consumer directly,
but which he must consider in order to understand the conditions under
which the woolen manufacturer is laboring.
When we come to cloth, the discrimination against the woolen
manufacturer and the burden imposed upon the consumer is no less
striking.
On the theory that all wool in this country is enhanced in price to the
extent of the duty,--a theory, by the way, which every protectionist
stoutly combats when discussing the effect of the tariff on domestic
prices,--the manufacturer of cloth is allowed not only a protective
duty of from fifty to fifty-five per cent. of the value of the imported
cloth, but, in addition to that, a “compensatory” duty on account of
the duty on raw wool. This compensatory duty is fixed at forty-four
cents per pound of cloth on most of the cloths imported into this
country.
It is based on the assumption that it takes four pounds of raw wool
to make one pound of cloth. This compensatory duty adds to the
discrimination against the woolen manufacturer in favor of the worsted
manufacturer in several ways.
Public-domain text, read in full here on John Shaqi.
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