The Tariff in Our TimesTarbell, Ida M. (Ida Minerva)
History
The Tariff in Our Times
Tarbell, Ida M. (Ida Minerva)
Tariff -- United States -- History
It fell to William McKinley of Ohio, who for the first time in the Great
Debate showed his skill in tariff matters, to answer Mr. Mills. “It is
an old story,” he said lightly. “It is found in Adam Smith, but it is
not true”; and to prove it was not true Mr. McKinley awakened the House
by dragging from his desk a full suit of ready-made clothes. Holding
them up triumphantly in one hand, he showed in the other a bill for
them. They cost just $10.00. “So you see,” went on Mr. McKinley, “the
poor fellow did not have to work 10 days more to get that suit of
clothes.” There was “great applause and laughter” on the Republican side
and there was talk of having the suit photographed to show in the
campaign.
Mr. Mills said nothing, but he began an investigation. He sent to the
shop where, according to the bill read by Mr. McKinley, and printed in
the Congressional Record, the suit had been bought, and secured one like
it. He then traced it to the manufacturer and from him secured an exact
analysis of its cost. The result pleased him and he decided to save it
for his speech closing the debate, but when the day came Mr. Mills was
so full of facts and figures that he was forgetting the suit. His son,
Mr. Charles H. Mills, was in the gallery, and realizing the situation
passed down a note reading, “Don’t forget McKinley’s suit of clothes.” A
smile passed over the Colonel’s face and taking a fresh start he
presented the result of his investigation. The gist of his entertaining
remarks was that the suit had actually cost to manufacture, tariff
aside, just $4.98. The labor cost was $1.65. The tariff on the wool used
in the suit was $1.70. Adding this to the $4.98, gave $6.68 and on this
sum the manufacturer was allowed a duty of 40 per cent to compensate for
the wool tax and also of 35 per cent to protect him against the imported
article. The whole cost, plus the three tariffs was $10.71. “Of course,”
said Mr. Mills, “the manufacturer had to undersell the foreign suit and
to do so he dropped under him 71 cents and sold his $4.98 suit for
$10.00 with the help of the tariffs.”
As for Mr. McKinley’s comment that the illustration came from Adam
Smith, Mr. Mills had a story to tell. It reminded him, he said, of the
small boy who was caught thieving and whose mother in chiding him, said,
“Don’t you know it is wrong to steal? Don’t you know what the Bible
says?” “Oh, now, mother,” the youngster replied, “that’s an old story.
Moses told it 4000 years ago.”
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account