Reciprocity Under the Tariff Act of 1890
Reciprocity Under the Tariff Act of 1890
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In 1893 from the three countries cov- ered by the President's proclamation, we imported 22, 216, 000 pounds of coffee as compared with the 73, 000, 000 pounds in 1892, leaving 50, 000, 000 pounds to be obtained from other 22 countries, or about 8 per cent, of our total consumption. More than this: a surplus of 50, 000, 000 pounds of cofifee is thrown upon the world's market, where it must lead to a fall in price, and so favor the purchasers of coffee in countries other than the United States. I...n the case of sugar the difference is not so large, but in the face of a deficient crop it would easily prove serious. In every event we have taken an advantage from these countries of South America, with which it is plain our commerce would naturally be, and handed it over to other nations, commer- cially and industrially our rivals. The figures of trade, so far as obtained, show that we have hardly affected the imports of English, French and German cottons into these countries. But the same returns show that we have produced a disturb- ance in the old channels of trade, always more or less a costly matter.
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To quickly assess the difficulty of the text, read a short excerpt:
In 1893 from the three countries cov- ered by the President's proclamation, we imported 22, 216, 000 pounds of coffee as compared with the 73, 000, 000 pounds in 1892, leaving 50, 000, 000 pounds to be obtained from other 22 countries, or about 8 per cent, of our total consumption. More than this: a surplus of 50, 000, 000 pounds of cofifee is thrown upon the world's market, where it must lead to a fall in price, and so favor the purchasers of coffee in countries other than the United States. I...n the case of sugar the difference is not so large, but in the face of a deficient crop it would easily prove serious. In every event we have taken an advantage from these countries of South America, with which it is plain our commerce would naturally be, and handed it over to other nations, commer- cially and industrially our rivals. The figures of trade, so far as obtained, show that we have hardly affected the imports of English, French and German cottons into these countries. But the same returns show that we have produced a disturb- ance in the old channels of trade, always more or less a costly matter.
What to read after Reciprocity Under the Tariff Act of 1890?
You can find similar books in the "Read Also" column, or choose other free books by Worthington Chauncey Ford to read onlineMoreLess
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