The Democratic Underwood Simmons Tariff Bill a Colossal Failure And Most Disast
The Democratic Underwood Simmons Tariff Bill a Colossal Failure And Most Disast
Frederic Ellsworth Kip
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20, 1870 May 1, 1872 June 6, 1872 Feb. 8, 1873 June 22, 1874 Mar. 3, 1875 July 1, 1879 July 14, 1880 May 6, 1882 Dec. 3, 1882 First of the war tariffs. Large in- crease in duties. Duties increased on sugar, tea and coffee. Went into effect Aug. 2, 1862, fur- ther increase of rates. Bills changing and generally increasing duties. Rates increased on wool and woolens, giving great bene- fit to those indus- tries. General changes — free list largely re- duced. Duty of $28 per ton on steel rails. Te...a and coffee made free. Went into effect Aug. 1, 1872. Re- duction of 10%. Increased free list. Revised statute with slight and un- important changes. Known as the "Little Tariff Bill. " General changes, Rates increased on sugar. Repeal of the 10% reduction Act of June 6, 1872. Quinine made free. A few unimportant changes. Repeals discrimin- ating duty. 25 Result on Industry, Agricul- ture and the people of the United States. The impetus given to industry and agriculture by these pro- tective rates of the Republi- can administrations from 1861 to 1894 was the means of building up the U.
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