The Revolt of Protectionists in the United States Against Their Tariff
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" The average ad valorem rate of duty upon the cotton schedule under the Dingley Bill of 1897 was 44. 84 per cent. This was increased by the Aldrich Act to 50. 62 per cent. , an increase of 5. 78 per cent. This increase affected fifty-eight different rates, the duties being raised upon hosiery, mercerised goods, and many others in amounts from 25 per cent, to 96 per cent. Duties on certain kinds of cheap dress goods, selling from twelve to twenty-five cents per yard, were advanced by the Aldric...h Bill from 27 per cent, to 121 per cent. The labour cost per operative in cotton manufactories is the lowest of any of our industries, amounting to only 21 per cent, of the value of the entire product, while the ad valorem rate of duties, as we have seen, is over 50 per cent.
According to computations recently prepared by Mr. H. E. Miles, formerly Chairman of the Tariff Commitfee of the National Association of Manufactures, the Glucose Company — a Rockefeller trust — receives protection on its product of 55 per cent.
What to read after The Revolt of Protectionists in the United States Against Their Tariff?
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To quickly assess the difficulty of the text, read a short excerpt:
" The average ad valorem rate of duty upon the cotton schedule under the Dingley Bill of 1897 was 44. 84 per cent. This was increased by the Aldrich Act to 50. 62 per cent. , an increase of 5. 78 per cent. This increase affected fifty-eight different rates, the duties being raised upon hosiery, mercerised goods, and many others in amounts from 25 per cent, to 96 per cent. Duties on certain kinds of cheap dress goods, selling from twelve to twenty-five cents per yard, were advanced by the Aldric...h Bill from 27 per cent, to 121 per cent. The labour cost per operative in cotton manufactories is the lowest of any of our industries, amounting to only 21 per cent, of the value of the entire product, while the ad valorem rate of duties, as we have seen, is over 50 per cent.
According to computations recently prepared by Mr. H. E. Miles, formerly Chairman of the Tariff Commitfee of the National Association of Manufactures, the Glucose Company — a Rockefeller trust — receives protection on its product of 55 per cent.
What to read after The Revolt of Protectionists in the United States Against Their Tariff?
You can find similar books in the "Read Also" column, or choose other free books by Pierce Franklin to read onlineMoreLess
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