The Tariff History of the United States by F.W. Taussig

Author:F.W. Taussig [Taussig, F.W.]
Language: eng
Format: epub
ISBN: 978-1-61016-132-9
Publisher: Ludwig von Mises Institute
Published: 2011-11-06T16:00:00+00:00

Deduct twenty-five per cent. for loss in manufacture

10 lbs.

Leaves

30 lbs. of cloth,

or 1 lb. of cloth for 4 lbs. of wool.

If the loss in scouring 100 lbs. of wool is sixty-five per cent, there remain

35 lbs. scoured wool.

Deduct twenty-five per cent, for loss in manufacture

8¾ lbs.

Leaves

26¼ lbs. of cloth,

or 1 lb. cloth for not quite 4 lbs. of wool.

12 See the instances given by Mr. Hayes in Wool Manufacturers’ Bulletin, vol. xii., pp. 4–9. These all refer to Australian wool, which, as Mr. Hayes says elsewhere (ibid., p. 107), is imported in comparatively small quantities for exceptional purposes.

13 Under the reciprocity treaty with Canada (1854–1866) wool from that country had been admitted free, and considerable quantities of combing wool had been imported. The loss of this opportunity was one ground why the manufacturers in 1867 were desirous of securing washed wool of this kind without double duty. In 1867–72, there were very heavy imports of combing wool, partly from Canada, mainly from England. In later years, the imports of wool of this class have been small, and the proviso here under discussion has been of minor consequence. Though opposed by the wool-growers, the admission of washed combing wool at the same rate as unwashed was maintained in all the tariff acts from 1867 to 1897.

14 See an instructive article, by a manufacturer, in “Bulletin Nat. Assoc. Wool Mf.,” vol. III., p. 354 (1872). “There is one thing that all who are interested in the manufacture will agree to, that for the last five years (from 1867 to 1872) the business in the aggregate has been depressed, that the profits made during the war have been exhausted mainly, and that it has been extremely difficult during all this time to buy wool and manufacture it into goods and get a new dollar for an old one.”—Cf. Mr. Harris’ pamphlets, cited above.

15 See above, p. 127.

16 There is a voluminous literature on the wool and woollens duties. The original scheme was discussed in Mr. Wells’s “Report for 1866–67,” pp. 50, 60. Further attacks on the scheme will be found in Mr. Wells’s “Report for 1869–70,” pp. xcii-cv; Wells, “Wool and the Tariff” (1873); Harris, “Memorial to Committee on Ways and Means” (1872); Schoenhof, “Wool and Woollens” (1883). On the other side a steady advocacy of the compound system will be found in the Bulletin of the Association of Wool Manufacturers, to which reference will be frequently made in the following pages. Mr. Wells’s remarks in 1870 are criticised in the Bulletin, vol. Ii., pp. 19–34; the changes made in the compound system in 1883 are defended in vol. xiii., pp. 1–13, 89–128; and the changes of 1890, in vol. xx. Compare also the “Examination of the Statements in the Report of the Revenue Commissioner,” House Rep., 41st Cong., 2d session, Report No. 72; the “Tariff Commission Report of 1882,” pp. 2240–2247, 2411–2440; and the references given on p. 296, note, in this volume. Statistics are collected in the Wool Book (1893), published

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