The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1888-08-02

coneumer 99.7 cents, saying ol
90 cents to the consumer, while
it afforded precisely the same
amount of protection 10 the Anne,
rican manufacturer
This is the fact.
Is not this the Mills bill?
| Undoubtedly it is.
Does this illustration hold good
as to all Impressions on which a
tariff tax is levied and collected?
1t does. The amonnt Of tax var.
les Oh different articles but whatev-
er it is, great or small, it Is added
to the cost ana must be collected in
the end from the conss mer.
Then tho higher the tax the
greater the cost, and the more the
consumer has tc pay?
There is no gainsaying that.
If the rates of the tariff tax
Is reduced, it reduces proper
tlonately the cost of the article TO
the consumers
OF course.
On what articles is the tariff tax
tao highest ?
On the necessarles of life, such as
the cheaper and coarscr grades of
clothing, sugar, salt, and the like,
and On lumber, iron and steel, tin
and all articles necessary in build
ing houses, making improvements
and carrying on tho great agricult-
ural industries which make up the
bulk of our foreign exports.
On what articles is the tariff tax
the lowest?
On articles of luxury and person.
al adornment' consumed almost ex-
clusively by the rich, such as dia-
monds, precious stones, fine jeweiry
and costly fabrics for dress and op
u!ent display.
Then the rich consumers pay in
fiuitcly less than the poor and mid
die classes of consumere?
You will find this to be true upon
inves igation of the tariff schedules
and Treasury receipts.
How many kinds of tariff have
we9
There is but che IN reality, but
it goes by two designations-ad va
lorem and specific.
What is ad valorem tariff
A tax according to the value of
the thing imported and taxed. As
for instance, an ad valorem tax or
duty of fifty cents on the dollar
For each dollars worth of importa-
ton fifty cents tax IS collected, in
creaslng its cost to the cons umer
one half.
What is specific tariff?
A tax leviod upon a specific ar
ticle or upon q specific unit OF some
article. A certain class or grade of
shawls OR any other specific arti
Gle may be subjected to a tax of 81
each !; Or a certain cloth may be
subjected to Il tax of SO much per
square yard, and SO on.
Are both forms of tag ever laid
on the same article?
frequently: cloth, for instance.
may be subjected to a specific tax
of 45 cents per square yard and On
ad valorem tax of so per cent. Let
us suppose that such cloth was
valued at the place of manufacture
at so cents per square yard Add
45 cents for the specific and %
cents for the ad valorem ANA we
have so plus 45 plus 25 equal l.2O
and to this add the importers and
retailers profit ETC., of 5, 10 and
25 per cent respectively, and we
have so plus IS plus 25 equal $1.20,
plus 6 plus - equal s1.SS, plus
s4A equal $1.724, the final cost of
SO cents worth of cloth to the con
sumer.
Will not placing wool on the free
list destroy the wool growing indus
try?
Why should 1T destroy it, and
how?
By lowering the price of wool.
Do you know what the price Of
wool was in 1865, Two years before
the wool tariff of 1867 was enacted!
| No.
Merino wool-Ohio XXX-found
q ready sale ut so cents in curren-
cy, equivalent to 81 3 ccnts IN coin
Do you know what it brought il
1869, two years alter the tariff was
enacted?
| No.
1t sold for 59.5 cents in currency
equivalent to 1872 cents in coin.-
Do you know what 1t sold for in
1877, ten years after the wool tax
was enacted
! No.
1t brought 51.2 cents in currency
equivalent to 4l.6 cents in coin,
decline of 10 cents a pound under
the tariff. These figures and Others
equally interesting, will be found il
) the Treasury reports by John Sher
man. Do you know how man.
sheep there were in OHIO in 1867
when the wool tariff Of that yea
; was enacted?
No.
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