The Tariff in Our TimesTarbell, Ida M. (Ida Minerva)
History
The Tariff in Our Times
Tarbell, Ida M. (Ida Minerva)
Tariff -- United States -- History
When the Finance Committee had believed the House rates extreme, Mr.
Aldrich said that they had lowered them. A comparison of the bills shows
that this was the fact in the case of the chemical, the earthen ware,
and the glass and metal schedules. There were also reductions on certain
parts of the wool schedule. While the Senate amendments, on the whole,
aimed at lowering rates, they also aimed, like the House bill, to
protect everything which asked protection. The sugar schedule had
undergone material changes and mysterious ones. The rates on all but the
lowest raw sugars were higher than they were in the Dingley Bill, and
there was a gap between sugars of 87° and 88° polariscope test much
wider than between any other two grades. This exceptional differential
was effected by such indirection that there was an immediate cry that
Mr. Aldrich was trying to play into the hands of the sugar trust. The
schedule was twice changed in the Senate, but when the bill came into
conference Mr. Dingley succeeded in having the House rates restored.
The political make-up in the Senate in 1897 was such that it created for
the Republicans a situation not unlike that of the Democrats in 1894.
Their Republican majority was considerable, but there was a group of
this majority interested in free silver and not in the tariff, and it
could not be counted on. If they supported the bill, it would be in
return for concessions which they might ask. Almost at once it developed
that this group was going to use its power to raise the duties on all
grades of wool higher than the House or Senate had proposed to do. Wool
had been free under the Wilson Bill. To cut a duty on an important
product like wool 11 and 12 cents a pound without giving time for
adjustment, of course causes a severe strain on a business even in
prosperous times; to do it at a moment when all business is depressed
and when the particular product, as in the case of wool in 1894, has
been suffering ups and downs for many years, is to increase the strain
dangerously near the breaking point. Free wool did intensify an existing
distress but that the sheep growers would not have rallied from it and
adjusted themselves in a very few years, no disinterested person can for
a moment believe. If they had been willing to do this, there is no doubt
that the business of wool-growing would be on a more solid basis to-day
than it has ever been in this country. It would be conducted according
to those laws of supply and demand which govern trade, and not be
subjected, as it is now, to periodical excitations and depressions as
public opinion forces duties up or down. The wool-growers had no
thought, however, of accepting the situation as long as they had
political power. Judge William Lawrence, the president of the National
Wool-Growers Association, kept up a clamor throughout the campaign, and
when the new bill was under consideration, demanded rates higher than
wool had ever received.
Public-domain text, read in full here on John Shaqi.
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