Forum Volume 16

Forum Volume 16

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1893 edition. Excerpt: ...the manufacture of goods. Schedule B---To be composed of articles which, on account of their nature, should not pay a duty exceeding 10 per cent--mainly partially manufactured materials. Schedule C--To be composed of articles, principally wine, spirits, tobacco, cigars, cigarettes, upon which a duty must be charged sufficient at least to compensate manufacturers, who pay a tax under our internal revenue laws. Also, of a few well-defined articles of luxury, which will bear a. rate of at least 40 per cent ad valorem. Schedule D--To be known as the schedule for the equalization of labor cost, including machinery, which shall be made up from time to time in the manner specified. The cost of a manufactured article is made up of two principal items, namely, the raw material, and labor with the use of machinery. Under this plan the material would cost our manufac turers no more than it does their foreign competitors. The other item, labor, with the use of machinery, costs I am sure less here than abroad notwithstanding our higher standard of wages; but should that supposition be incorrect, and should it be found that there exists a greater difference than is covered by the estimated duty, it is made safe by the provisions of schedule D. Is it not reasonable to suppose that, if it were understood that the new tarifl' would conform to these suggestions, manufacturers would feel safe in resuming operations without waiting for completed legislation, and would not their refusal to accept such a plan be construed into an admission that their object is not so much protection against foreign competitors as against their neighbors, the consumers? Chairman Wilson of the Ways and Means Committee in his recent reply to remarks made by Mr. Reed alluded...
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Product details

  • Paperback | 356 pages
  • 189 x 246 x 19mm | 635g
  • United States
  • English
  • black & white illustrations
  • 1236940245
  • 9781236940247