The Tariff in Our TimesTarbell, Ida M. (Ida Minerva)
History
The Tariff in Our Times
Tarbell, Ida M. (Ida Minerva)
Tariff -- United States -- History
To start with, it was evident that one claim of the high protectionists
was a humbug—that is, given protection you had prosperity. Mr. Kelley,
as we have seen, had become a high protectionist in 1859, because low
tariff—he called it free trade—had not prevented a panic in 1857. But
neither had a high tariff prevented the panic of 1873. “Where,”
exclaimed the Parsee merchant, “was the Baal of protection all this
time? Why did he not come to the relief of this distress? Alas, he was
as lame, as impotent, and as false as the Baal in the Bible. The one was
unable to strike a lucifer match in the plains of Judea three thousand
years ago, and the other could not light a blast furnace in
Pennsylvania.”
The census showed, too, that the general growth between 1850 and 1860
was _greater_ than between 1870 and 1880. Capital had increased in the
first decade about 90 per cent, in the second but 32 per cent; hands
employed 37 per cent in the first, 33 per cent in the second; wages 60
per cent in the first, 22 per cent in the second; materials used 86 per
cent in the first, 36 per cent in the second; products of manufacture 85
per cent in the first, 27 per cent in the second. The increase of the
second decade over the first had been amazing in certain specific cases,
as in iron and steel. In 1860 the iron production had been but 821,223
tons; in 1880 it was 3,835,191. In 1860 it was 60 pounds per capita; in
1880, 171 pounds. It was protection that had done this, said the Iron
and Steel Association, but why had it not done as much for wool? As we
have seen, the wool interests had secured the passage of a special bill
in 1867 giving them the highest protection they had ever had, but in
spite of it the industry had lagged. Evidently protection was not
infallible. There were other elements in the problem of prosperity—what
were they? Again, what about the prosperity it claimed to produce—that
of iron and steel, for instance—was that prosperity equally divided? Was
a high tariff as good a distributor as it was a generator?
All of these questions had to be answered, but how was it to be done?
Not by a Congress in which “tariff for revenue only” Democrats and
“revenue-reform” Republicans were at large, decided the Industrial
League. Their notion of revision was to have it done by their own
representatives, and at once they began an active campaign for a
commission, such as was hinted at in the petitions of 1877 and in Mr.
Wharton’s Pittsburg speech in 1879, quoted above. In November, 1881, a
great tariff convention was called in New York by the manufacturers, and
this body committed itself to the idea of a Tariff Commission.
Public-domain text, read in full here on John Shaqi.
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