The Tariff in Our TimesTarbell, Ida M. (Ida Minerva)
History
The Tariff in Our Times
Tarbell, Ida M. (Ida Minerva)
Tariff -- United States -- History
manufacturer for such a prospective enhancement of the price of his raw
material, it was agreed that, in consideration of the fact that _four_
pounds of the cheapest imported wool (mestiza), paying an aggregate duty
of forty-six cents, were _sometimes_ employed in the fabrication of a
pound of finished cloth, the duty on cloth should be fifty cents per
pound, and on other fabrics of wool of varying weight a duty in like
proportion. In order, next, to give the manufacturer protection against
his foreign competitors, 25 per cent ad valorem was added; and in order
to further compensate for the payment of an internal revenue tax of 6
per cent, _which tax was repealed in the succeeding year_, 10 per cent
more was added, thus making the aggregate duty on shawls, cloths, and
woollen goods generally, fifty cents per pound and thirty-five per cent
ad valorem. It will thus be seen that if the manufacturers, as is often
alleged, did not enter into the arrangement for an increase in duty
through their own seeking, they nevertheless managed to secure full
compensation for all that was granted to the wool-growers; and in
addition to that, through force of subsequent circumstances, an
additional protection in excess of what, according to their showing,
they considered necessary.”
This was the basis of the wool schedule which had been embodied in Mr.
Morrill’s bill and also of the bill which Mr. Sherman had sprung on the
Senate. That the Senate did not like the wool bill was evident. On all
sides there was strenuous opposition to protecting one industry and not
another, and yet the bill went through. It is worth nothing in view of
the support of the scandalous wool schedule of 1909 by both the Senators
from Massachusetts, that both Senators Summer and Wilson of
Massachusetts voted against the wool bill of 1867 and that Senators
Morrill and Fessenden absented themselves. A few hours before the end of
the session the wool bill was received by the House and passed. But its
fate was by no means decided. It still must have the President’s
signature, and the President was Andrew Johnson. Johnson was in poor
temper to favor any measure sanctioned by “Thad Stevens and his gang.”
He had just vetoed one of Stevens’s pet measures, and it was very likely
he would veto any bill favoring a special interest, for his traditions
and sympathies were all with a liberal commercial policy. Mr. Hayes knew
this, and he and his friends collected outside the door of the Capitol
chamber, where, as the custom is, the President signs bills on the last
night of a session. Late in the evening it was rumored that the bill
would be vetoed. Hayes hurriedly summoned aid,—Bingham of Ohio, the
framer of the bill, the Secretary of the Treasury, and the
Attorney-General. What pressure this force brought to bear on Mr.
Johnson is unknown, but at a minute before twelve, according to Mr.
Hayes’s story, the President put his name to the wool bill. It was a
great triumph for Mr. Hayes.
Public-domain text, read in full here on John Shaqi.
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