The Tariff in Our TimesTarbell, Ida M. (Ida Minerva)
History
The Tariff in Our Times
Tarbell, Ida M. (Ida Minerva)
Tariff -- United States -- History
It was not until March (1878) that Mr. Wood brought in his bill. He
tabulated interestingly his objections to the tariff in operation. They
were: Too many articles mentioned (2172); compound duties; ambiguity;
the articles for the rich less highly taxed than those of the poor;
encouragement of fraud; prohibitory duties, causing loss of revenue and
enhanced prices to consumers; cumbersome machinery of operation;
expensive collections. He confessed that the bill he presented did not
deal with these demerits as they deserved, that he would cut the duties
50 per cent, if he could, instead of 15 per cent, as he had, but he had
done the best he could.
The features of the Wood Bill were novel and interesting. It had but one
list—the dutiable; any article not mentioned there was supposed to be
free. It reduced the number of dutiable articles from 1524 to 575. It
put duties on many raw materials. It imposed but _one_ kind of duty on
an article—ad valorem or specific as seemed to him best. It levied a
retaliatory duty of 10 per cent on goods coming from countries which
discriminated against the United States. It allowed a drawback on all
exported goods containing foreign materials. It allowed the purchase of
foreign-built ships by Americans and the free importation of
ship-building materials. The general object of the bill Mr. Wood said
was to revive commerce without materially affecting manufacturing
interests whose right to protection for a still longer time Mr. Wood
recognized. He considered his bill merely a beginning of a new policy in
tariffs, looking toward the final complete withdrawal of the system of
taxing consumers for the good of private individuals.
From the first the Wood Bill was cursed by the indifference of a large
number of his own party,—men like S. S. Cox and Morrison, who did not
speak at all on it,—by the open opposition of the moderate Republican
tariff men like Garfield and Kasson, and by the bitter condemnation of
the Industrial League, which called it “blundering,” “ignorant,” “an
attempt to overthrow the industrial system of the country.” Naturally,
under these circumstances the debate upon it languished. Indeed, the
only personal incident in the debate which is interesting from this
range is that at this time William McKinley of Ohio made his first
speech in support of protection of American industry. It was a strictly
orthodox speech calculated to give comfort to Mr. Kelley, and it was
used as an opportunity for presenting a petition which the Democrats had
been trying to keep out signed by over 100,000 laboring men of seventeen
different States, praying for a 10 per cent _increase_ of duties.
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.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account