Tariff Hearings Before the Committee On Ways And Means...1908-09.. 6, nos. 1908-1909
Tariff Hearings Before the Committee On Ways And Means...1908-09.. 6, nos. 1908-1909
United States. Congress. House. Committee On Ways And Means
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It costs the American manufacturer 70 cents to produce it, and all we ask is that you put us on an equal footing with the foreign product We ask tor a duty of 10 cents specific and 30 per cent ad valorem, which makes it cost 57.51 cents. We want to see if we can manufacture it here, and we are ready to commence the manufacture of it. Mr. Undbbwood. You say it costs you 70 cents to produce it, laid down in New York? Mr. Buck. Yes, sir; 70 cents a pound. Mr. Underwood. At what price can the New Y...ork importer lay it down? Mr. Buck. Fifty-seven cents. It costs at port of shipment 45 cents, and then they add the duty of 3 cents specific and 20 per cent ad valorem under the old clause. This is a new thing which has just come into vogue, and we are unable to compete with it. This paper with which we are to compete has heretofore been exempt. Sir. Underwood. The importer lays it down in the port of New York at a little over 65 cents, and the ad valorem rate of 30 per cent is added. Mr. Buck. It costs the foreign manufacturer at the port of ship- ment 45 cents, to which must be added the specific duty of 3 cents and an ad valorem of 30 per cent a pound, making 57 cents.
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