The Tariff in Our TimesTarbell, Ida M. (Ida Minerva)
History
The Tariff in Our Times
Tarbell, Ida M. (Ida Minerva)
Tariff -- United States -- History
In addition to the compensatory duty of forty-four cents is the duty to
protect from difference in the cost of production, which is 50 or 55 per
cent of the value of the cloth. There is probably no doubt but this duty
is all out of proportion to the actual difference. Forty-four years ago,
when practically the same duties now in force on wool were wrested from
an unwilling Congress by a combination of wool-growers and woollen
manufacturers, all that the latter asked was 25 per cent to cover
difference in the cost of production. American labor has advanced, but
so has European labor—and still more has machinery increased the output.
Of course these high duties make imported cloth very expensive, and
enable American manufacturers to hold up their prices. As a matter of
fact, the duty makes the American consumer of woollen goods pay just
about double what his English cousin pays. In 1908 I was shown by a
gentleman who has for years been at the head of one of the best of the
wholesale cloth houses of New York, a bundle of matched samples of
woollen goods—American and English—with carefully worked out statements
of cost here and abroad. The goods had been matched by one of the
leading woollen experts of England. I was unable to detect any
difference in quality, and only the slightest in finish. There was
practically no choice, so slight was the difference. But note the price.
For an American serge costing $1.37½ a yard the price of the matched
English goods in Bradford was 67 cents. The English equivalent of an
American fabric costing $1.50 was 78.05 cents. Beautiful blue
light-weight serges, such as are used for men’s summer suits, cost in
America $1.80, in Bradford 81.2 cents. The mohair which is used so much
in this country for women’s summer travelling suits can be bought in
Bradford for 27¼ cents; here it is wholesaled at 70 cents and costs at
retail $1.00. This was the showing over a large range of goods. It
amounted to this, that the English price was only about half the
American.
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