Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1867-04-18
The Wool Tariff---How is it?

! Our correspondent Wool Grow
err Of Armstrong; Mills, asks thu
above question, on the second page
Of this paper, and goes into a cal
culation which shows rather unfa
vorably for the wool growers under
the new tariff. We are perfectly
satisfied that "WOol Grower" IN
tended to make fai" statement o.
the case, but we will cipher upon it
and let our readers Judge whose
arithmetic is nearest right.
The duty on imported woods un.
der the tariff was 3 cents per lb. on
woods costing 2 cents or less per
b. in the port whence exported, Get
/ per lb. on woods costing more than
Il cents and less than "A cents per
lb and 10 cents per h. and 10 per
cent. ad yalorem on woods costing
more than "a cents, and less than
- cents.pe pound OF $4,000, 900
lbs imported in 1866, only about
100000, or less than l.300th part,
cost over "a cents per lb. in the
port whence exported therefore,
nearly all the wool imported last
year paid but 3 to 6 cents per Ib.
duty. Mestiza, all fine South Amer
ican woods, imported in 1866, cost
in BuenOs Ayres 10 cents per b.,
and paid duty Of 3 cents per lb.--
Woods from the Cape Of Good
Hope cost about IA cents per h.,
and s cents per b. duty; these two
classes comprising nearly : Of all
the wool imported. The old tariff,
fixing the duty at 10 cents per lb.
and 10 per cent. dd roiorem on
woods costing "A to 32 cents per lb.
was a dead letter, cause no woods,
or next to none, were imported
that cost over "a cents per lb.
The new tariff clasities all woods
imported into three distinct classes,
indicating by name, in the first and
second classes, all woods that come
at all in competition with ours, and
fixing the duty at 10 cents per lb.
and II per cent. al calorem on all
woods costing 80 cents per h., or
less mot "a cents per lb. or more,
as under the old tariff 50 that if
woods included in the frs. and sec
ond classes cost but cents, orany
sum less than 32 cents b., they pay
a duty under the new tariff of 10
cents per b., and in addition there
to, IL per cent. ad oalorem: and
ninety-nine one hundreths Of all
the woods imported are included in
classes No. l and 2. 1t is only the
coarse native South American
wools, and woods of like grade from
other countries, that are included
in the third. class, and come in at ,
to 6 cents perlb. duty. But those
woods do not compete with ours.
To reCapitulate: Buenos Ayres,
Mestiza, and all fine South Ameri-
can woods, cost to import, last year,
10 cents per h., and 3 cents per lb.
duty in gold. With gold at 1876,
the duty on a pound Of wool was
4 cents in greenbacks, Take the
same wool under the present tariff
ii pound costs in Buenos Ayres
10 cents and 10 cents per pound du-
ty, and in addition thereto, II per
cent ad valorem, and the duty on
lb. Of wool is II cents in gold or
ii cents in greehbacks, which is II
cents per pound more duty than
was paid in 1866. The Cape woods |
cost last year about IA cents per
pound, and paid about 6 cents per
pound duty; with gold at l35 it /,
would make the duty paid s cents
pound in greenbacks. The same
wool now pays 10 cents per lb. and
II per cent. ad valorem duty,which,
reduced to greenbacks, is 10 cents
per h., or leaving out fractions, 7
cents per pound more duty than
lndcr the old tariff.
Now when we consider that it
axes nearly 2 pounds of this for
,ign wool to equal l pound of ours,
'ou see there is a protection of
rom 25 to 30 cents per pound on
inc American fleece. Can't you
see it, through our spectacles,
riend Wool Grower ? ohio Farm
r..