The Tariff in Our TimesTarbell, Ida M. (Ida Minerva)
History
The Tariff in Our Times
Tarbell, Ida M. (Ida Minerva)
Tariff -- United States -- History
Now, as said above, all of the wool imported must pay a duty of eleven
or twelve cents a pound when it is “in the grease.” The American
wool-grower in normal and prosperous times can charge more for his wool
because of this duty. He may not be able to add the full amount to his
price—in fact, it is probable that he rarely does, but he certainly gets
considerably more than he could if he were not protected.
The way the duty works is clearly illustrated by a personal experience
in wool-buying related by Robert Bleakie, of Boston, a manufacturer who
has been making woollen goods in this country _continuously_ since 1848.
Mr. Bleakie’s account is of a purchase of wool he made in 1897 just
before the Dingley Bill went into effect, that is, when we had free
wool. He had bought in Africa 223,684 pounds of wool at 9-9/10 cents a
pound. By the time he got it to Boston it cost him 13-2/10 cents a pound
($29,565.83 for the lot). Now, let us suppose Mr. Bleakie’s wool had not
reached Boston until _after_ the Dingley Bill had gone into effect, that
is, until after the eleven cents a pound had been placed on grease wool.
To get his wool out of the custom-house Mr. Bleakie would have had to
pay the tidy sum of $24,605.22; _i.e._ eleven cents on each pound. This
would have made the wool cost him, instead of twenty-nine thousand
dollars, over fifty-four thousand dollars. But it was fine wool,
shrinking heavily in cleaning. As a matter of fact, he got out of the
223,684 pounds he imported only 85,000 pounds which he could use. But
note that he would have had to pay duty on the _entire_ lot, that is, to
pay it on 138,684 pounds of grease and dirt as well as on the 85,000
pounds of clean wool! Of course the duty simply shut him off from
importing heavy-shrinking wool, and at the same time made domestic wool
of this kind too dear to buy.
Now, there are two classes of wool manufacturers, known as carded
woollen and worsted. The former, to which class Mr. Bleakie belongs,
finds a large proportion of the wool they need to be heavy-shrinking—the
latter use mainly the light-shrinking wool. It is the carded woollen
manufacturer who makes our heavy woollen clothes—flannels and blankets,
the warm and durable “all wool” goods of the poor man. Mr. Bleakie’s
experience just quoted shows what the eleven-cent duty on grease wool
does to his business. It takes the raw material away from it—“starves”
it, as the manufacturers say. At the same time it gives his
competitor—the worsted maker—a decisive advantage, for he uses mainly
light-shrinking wool. It is obvious that if two manufacturers each
import one hundred pounds of wool in the grease, and each pay $11.00
duty on his lot, the one which gets the larger number of pounds of clean
wool will have the other at a disadvantage. Yet each will pay the same
duty, $11.00 on a hundred-pound lot.
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