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
illustration will suffice to explain why the rates quoted above for
various woolen products from the report of the Bureau of Statistics are
understatements of the duties imposed under Schedule K.
An invariable feature of this schedule is that the duties rise in
inverse ratio to the value of the commodities, so that the poor man’s
grades pay the highest rates, while those intended for people who can
best afford to pay the duties are subject to the lowest rates. In the
set of English samples collected by the board, the cheapest cloth
selling in England for twelve cents a yard would pay a duty in the
United States equal to two hundred per cent. ad valorem, while the
highest-priced fabric selling at $1.68 a yard would pay a duty of only
eighty-seven per cent.
Small wonder that under the fostering care of Schedule K imports have
been reduced to next to nothing. With a total domestic consumption
of women’s dress-goods valued at more than $105,000,000, we imported
six and one third million dollars’ worth of these goods in 1911. The
imports of woolen and worsted cloth were only two and one half per
cent. of the total domestic consumption. We imported blankets and
flannels in 1909 worth $125,000 as against a domestic production of
more than $10,500,000, making the imports only slightly more than one
per cent. of our total consumption; even in carpets, which are subject
to the lowest rates of duty imposed on manufactures under Schedule K,
our imports were only $195,000 worth against a domestic production of
$45,475,889, making the imports less than one half of one per cent. of
our own production.
THE STATE OF THE AMERICAN WOOL INDUSTRY
After enjoying for nearly half a century a protection averaging
forty-five per cent. and amounting to from one hundred to five hundred
and fifty per cent. on the cheaper grades of wool, the American
wool-grower is not able to satisfy as great a part of the national
demand for his product as he was at the time of the Civil War. During
the sixties we had to depend upon imports to the extent of little over
one fourth (26.8 per cent.) of our total consumption of wool. To-day
nearly one half of our needs have to be covered by foreign wools (about
forty-five per cent. in 1910). When wool was placed on the free list
under the Wilson Bill in 1894, it was charged that the abolition of the
duty was responsible for the increase in our imports. But our growing
dependence on imported wool despite the restoration of the duty under
the Dingley Act, in 1897, goes to show that the tariff is no remedy for
the shortage.
Public-domain text, read in full here on John Shaqi.
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