, 1879-01-01

Net proceeds due manufacturer. -. II, 400. B5
At cosIent rate. 81. III. nt franca
per dollsf. would make. francs. 81, 0d4. Is
Deduct insctces and charges w1ieh h1ye
been tem1tsed ..... .s.....-....... 49, 20
Balance, francs........ ...... ..... 1s. aa1 rs
This balance Is remttted TO tho manufacturer
without duty being assessed thereon. The
amount received br the manufacturer II tauivA-
lent to 81 tTnnrs net per tlozen.
THE FIRST HTArEMENT REPRESENTS
m Invoice Of one thousand dozeu iwu.button
kid gloves At - francs D. dozen. and tic e1-
pehss oi laudIpk the same. Tue second state
ment Is 40 account of sa'cs Of the
for tbs same. and all expenses eonntcted
Herewith. The last statement, as Will be seen,
ts made up from current prices, and shows tile
net amount received for the EloTes 10 be $lG.-
9so, and the actual expenses or cost Of the ssne,
iurludinE dutS, commissions OF aEeut, .etc-, 10
be 81, 5,5l9. Is, which, deducted from the amount
received. leaves S1l.4Oo. u Tor the manufacturer.
Tna converted !rto 70 francs, At the current rates,
ducttnR tuvutce vaIuu aud charges, s3,774.EO
iranps, already substantially drawn for sud p9td
By tue agent Ut beng the amount on which tile
duties were estlmatedl leaves 1s,2n!7s francs
value. on which no duty was paid. The United
States Is consequently dcfraudcd OF 20 per cent
Of that amount. equivalent To 50 per ccut IN
*A5l8 Or $1.759 Ia guild 10 one transaction. Tho
5I0N.2 francs being the amount actually re-
ceivrd BY the manufacturer for Inc 1000 dozen
gloves, be tn fact realizes fraction oyer 81 francs
net per dozen. being 7.89 francs {about ii per
ccns) more than ths assumed real market value
pa,s Elm t.: rs E.! s .eea 5:s ;fss s d
selling the goods through an s4ent Ia America,
iDsiead Of At his own door.
TuK MOST a5s1uLAn FACT NEvEALxD
by. nj. Investigations is, the uniform selling
eluatvelY tbaE Tue entered invoice value OF "a
francs, costing $12g0 gold net per dozen 10 land,
aud selling At $ls, less Q per cent, or At slG.13
net, currency. realizes = very large profit, eu-
| ume Of sales Of these Roujs u considered. :.
T. such : q prYtt really Injured to The trans
action, and II ~ franco was the real foreign
market value, then. without, doubt. one At
!east Of these importers would be wiling TO
do the business for ; much lower margin Of
profit, or some other maker would put bis goods
on tue market through Al agent anu be eon.
sell his products in large quantities. A. tic
matter stands now, plenty Of merchants could
be fouLd who would take tue invoices tust a.
they arrive, par = profit Of 10 per cent upon
them, aod ee content With the additional mar
It il Absurd On its face TO suppose that slx OF
ten competing houseA In the sans goods would
| sustain uniform price, adosting . pToat OF 30
per cont for any length Of time, II auci, \ price
was not necessary to enable them to return to
the manufacturer real market value that much
higher than tho assumed one. Even II they tad
aetually eonblned to sustain ono uniform ertre
| 11IuluihK 4uCu pFuHts HQISQ LUG character Of
the parties and tue periodical chan0c4 of agents
would sesln to fcudet impropable, still the tutnp-
tatlot t!las trmpts ths ksoekbrokef 10 break \
"corncrn aud
| sxLt OUT BEFORE n1s CoHPRpkHArEs ARE
| .. READY
or, In other worlst "sealI&e a. about high
tide would always present lt8elf. and tho
selling price, from these repeated breaches ot
faiih, must eventually drop 10 figure affosdluK
. margin Of from ~ 10 10 per ceut On ~ lranrs.
Besides, It II sRA1nst tho interest Of the com
mission merchant or agent to maintain too high
su!atlVe prico hef1 u the foreRu-m ket yalup,
~ his remuneration II baked on bis sales, aud
the amount Ut these would increase or tlecreAsu
In an exact ratio to tha cheRpuess or dcar,ess ot
tho article IN the market. Ills retnuucratiyq
commission IL not esrned Until sale Is effected,
and he can be depended on to work for his own
lhtercGt first and tho proht Of the manufactures
afterwards, II lio did put anythng like an
actual ~ per cent profit tfn whcl, tis cosumaao
was 1ncludcu, which il profit only under another
eloscs, he would vorY soon and hls customer,
seeking other sources OF supply. Hls manufac
tllrers might act toward him 10 perfect good
faith, s1l rcilsa to oil any orders coming from
Ametlca. but tho keeu-scsntcd buyer would
very soon bo sending his orders through Lontloc
Eem for 81 per cent.
THO trst statement shows that the Govern
uiriat received $dh per dozrn dutr upon ths
gloves. TAo following statement shows that
II tic 100 dozen "tse sold at the aalnc price,
he., $l8 per dozen, less q per ecnt,-and 4 spe
eioc dutT ot e5 was collected BY the 0ogurn
,nent, and 4 they wefs !nEolcsa " their tsu'
IL thla country could Import, and after pay,n1
for the gloves, aad the duty and all other e1
psnsts, rea!ize $50 per Cunt commissions, tu
stead Of IN, u nun alsoded hin - agent: