The Tariff in Our TimesTarbell, Ida M. (Ida Minerva)
History
The Tariff in Our Times
Tarbell, Ida M. (Ida Minerva)
Tariff -- United States -- History
But while there were cases where the tariff did not compensate for the
tax there were more where it had been forced far beyond it. If these
tariffs had increased the revenue, they might, under the circumstances,
have been justified, but they did not do that. They limited importation
and enabled the home manufacturer to put up his prices, and it was he,
not the government, who got the extra money. At the same time it cost
the government a great deal to collect the small sums realized on these
over-protected articles, often more than the sum itself.
If the government could get on with $85,000,000 less than it could
collect, it seemed obvious that it ought to begin cutting down those
internal taxes which were so much too high for the tariffs. It seemed
obvious, too, that unremunerative tariffs ought to be cut off. But no
sooner did the talk of reducing tariffs on any article begin than there
came a loud outburst from many manufacturing centres against any
reduction. The internal taxes must come off at once—that they demanded,
but no tariffs should be lowered. The cry to preserve the tariffs soon
turned in many mouths to one to raise them. Copper (in blocks), which
under the bill of 1864 had had a duty of 2½ cents a pound, now asked for
double that. Iron rails which already were carrying a duty of 70 cents a
hundred pounds and selling in New York for over $80 a ton, while they
cost only about $32 in Wales, asked a higher duty. The salt miners of
Michigan and New York, whose profits at the moment were enormous,
demanded still greater protection. As soon as the House Committee of
Ways and Means got to work on a tariff bill, which was early in 1866, an
army of determined tariff lobbyists poured into Washington, declaring
they must have more protection or they would perish.
Public-domain text, read in full here on John Shaqi.
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