Hearings on Metal Schedule, H.R. 18642, Nos. 1 to 14, Inclusive, 1912; With Index. Committee on Finance, United States Senate

Hearings on Metal Schedule, H.R. 18642, Nos. 1 to 14, Inclusive, 1912; With Index. Committee on Finance, United States Senate

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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. 1912 edition. Excerpt: ...from a rate of $2.50 per gross ton to a rate of about 15 per cent ad valorem, which, at the existing European market, would make the duty about $5.50 per gross ton. There is but one manufacturer of ferromanganese in this country, namely, the United States Steel Corporation, which manufactures it for its own consumption, and is not a seller. It would hardly seem fair to increase the cost of steel manufacture to all the independent companies, thereby giving an advantage to the United States Steel Corporation, and I trust that you will give this question your attention and try to make the duty on ferromanganese no higher than under the existing tariff. Yours, respectfully, . E. A. S. CLARKE, President. I My DEAR Sm: Your favor of the 27th instant was received this morning. As you are probably aware when the Payne bill was introduced in the House of Representatives the ferro alloys were taxed in a separate paragraph from ordinary pig iron for the first time in the history of Schedule K. As there is no real connection between pig iron and ferroalloys, it seems to me that this classification was very proper. The tax on ferrosilicon was placed at 20 per cent in the Payne bill and the other ferro alloys at 25 per cent. When the bill reached the Senate ferromanganese was dropped out of the ferro-alloys paragraph; there was no reason in my judgment for this being done. as all the ferro alloys ought to be classed on the same basis. I recognize that we have raised the rate of duty on ferromanganese by putting it back in the ferro-alloys class, but at the same time we have reduced the tax on ferrosilicon from 20 per cent to 15 per cent and on all other ferro alloys used in the manufacture of steel from 25 per cent to 15 per cent, so that although the..show more

Product details

  • Paperback | 506 pages
  • 189 x 246 x 26mm | 894g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236804864
  • 9781236804860