The Tariff in Our TimesTarbell, Ida M. (Ida Minerva)
History
The Tariff in Our Times
Tarbell, Ida M. (Ida Minerva)
Tariff -- United States -- History
Of course, the McKinley rates on raw wool meant the McKinley rates on
woollen goods, that is, if the National Association could get them. In
principle, they were those of the compact of 1867, between the two wings
of the wool industry, which rates have already been explained. They
provided for compound duties; that is, one set of duties which made up
to the manufacturer for the tax he paid on his raw material—the aim
being, of course, to put him on the same basis as his foreign rival—and
a second set which was purely protective. In estimating the first class
of duties, the National Association demanded that four pounds of wool
should be reckoned to a pound of cloth. It had been shown again and
again that it was only “sometimes” that this amount of wool was required
for a pound of cloth, that the effect of the ratio was to make all of
the heavy-shrinking wools for which four or more pounds were needed too
dear to be imported, and at the same to give an entirely unnecessary
compensation to cloth goods made from wools which shrink but slightly.
When the point was made, the National Association raised a hue and cry,
and Congress was warned to respect its influence as it had been in 1890.
When it came to the duties for protection the Association which had
protested against the greed of the wool-growers in demanding high duties
showed themselves equally greedy and more successful; for the
wool-growers, except in the case of carpet wools, which we do not
produce, had to content themselves with the McKinley rates, while the
woollen manufacturers were able to raise the duty on the goods which are
chiefly imported to the highest point it had ever touched, 55 per cent.
It is interesting to note that in the compact of 1867, to which the
Association constantly appealed in the making of the Dingley Bill as it
had in earlier bills, 25 per cent was considered a proper protection for
the goods on which the Association now asked and received 55 per cent.
When the bill finally passed the Conference it carried the same puzzling
provision for a duty on wool tops as had been put into the McKinley Bill
on the suggestion of the then president of the National Association of
Wool Manufacturers, Mr. William Whitman. As we have seen, this was not a
clearly stated figure: tops were to carry the duty of the basket clause
of the schedule. Figured out, this amounted to a higher duty on tops
than the bill provided for yarn, which is the more advanced stage of
wool on its way to cloth. There was opposition to this duty and
grumblings of manipulation, but it was many years before the truth about
it became public property.
Public-domain text, read in full here on John Shaqi.
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