Bulletin of the National Association of Wool Manufacturers Volume . 43

Bulletin of the National Association of Wool Manufacturers Volume . 43

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1913 edition. Excerpt: ...rate on partly and wholly manufactured woolen products, a fundamental mistake has been made. This flat rate is wrong from every point of view. It is wrong because of the greater cost of manufacture of fine fabrics, fully explained in my brief to the Ways and Means Committee. It is wrong from a fiscal point of view, because it needlessly sacrifices revenue. Fine goods have been imported annually with a foreign value of about $10,000,000, or $20,000,000 domestic value, at a duty averaging 100 per cent. To reduce that duty to 35 per cent is absurd and reckless, sacrificing $7,000,000 revenue. To say that the reduction of duty will increase importations sufficiently to bring iD greater revenue than at present is farcical, for importations of these fine goods would have to be increased threefold to bring in as much revenue as at present and any one with the least knowledge of trade conditions knows that there is not enough demand for fine goods to call for such an increase of importations. All that a flat rate of 35 per cent can do is to displace to a considerable extent the finer American woolen products and at the same time cause great loss of revenue to the Government. With regard to fine goods not a single argument can be applied of all those which have been brought forward by the advocates of extreme tariff revision. The reduction of the duty on fine goods to the extent proposed will not make clothing cheaper for the masses, for the masses do not wear clothing made from such fabrics. It will not improve the quality of the American product. It will not bring any more revenue, but rather less, to the Government. One thing it will do, and that is to increase foreign importations, correspondingly curtailing thqproduction of American fine goods and...show more

Product details

  • Paperback | 120 pages
  • 189 x 246 x 6mm | 227g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236580060
  • 9781236580061