The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1894-10-31
SAVES MILLIONS.

SAVES MILLIONS.
WHAT IS GAINED BY CONSUMERS OF
WooLEN MANUFACTURES.
Great Saving by Glasses In oil Walks OF
Life by the New Tar,R-chesper Cloth
ing and Furnishings for the house
holder.
To set before the people the saving
that will be Effected to the consumer
of woolen manufactures by the new
tariff law passed under the present
Democratic administration, Jacob
Scheenhof, the well known writer on
tariff, wsges and economics generally,
was yesterday interviewed by report
er for the New York Times:
AS there are No means Of obtaining
the figures for a period later than the
governmental fiscal year of 1892 be
was asked to accept the Governments
figures on the imports for that year,
and show what the saving to consum-
ers Of woolen manufactures would
have been during that period if,instead
Of the Mckinley tariff the Democratic
law had been IN effect. He replied:
The sum OF SI63, 534 go would have
been saved to the consumers OF goods
made wholly or in part OF 700! during
the governmental fiscal year Of 1928
had the present tariff Law, passed under
Democratic administration, been in
effect during that year, instead OF the
Mckinley tariff.
take that year for the purpose Of
showing the foreign importations, be-
cause It Is the last years report from
which I can obtain the necessary fscts
and for the same reason 7 take the cen
sus Of 1S3o-90 to show the value OF
domestic manufactures made wholly
or in part Of wool.
Taking the year 1889 80 in one in
stance, and the year 1892 -93 in the ott-
er our deductions are not strictly accu-
rate, as the consumption of wooden
goods was greater in 1892 -93 than it
was In 1888 80, and, therefore, the say.
ing would show much larger amount
In our favor, If I could obtain the fig.
ures for domestic manufactures during
the fiscal year Of 1928.
We will have to do the best that we
can, however. even though 1t reduces
our figures many millions Of dollars in
showing the saving that the Democrat
ic tariff effects.
During the fiscal year 1928, the
imports of manufactures Of wool aE-
gregated $50 $4,000 in value when
landed In this country. Upon these
duties amounting TO S36. .44S,000 were
paid. giving the imports value Of
S7S,A4lOO (the total OF the two above
smounrs) il the importers's hands,
ready for distribution through the va.
rious middlemen to reach the consul
ner.
BY comparing the $50, ,ses, COO, the net
invoice price Of the goods to the i'm.
porter, and the SsS .As0 900 duty paid
By the importer, which last sum en-
hanced the goods Just that much, it
Will be seen that the duties were. on
the average, practically at the rate Of
100 per cent.
The value of domestic goods manu-
7actured wholly or In part Of wool, the
same class of goods as those referred to
above as imports, according to the
census Of 1S89-90. figured at the man
ufscsurers' prices st the mills or places
Of manufacture, was SS20.S70,OO.
These goods were woolen goods, ,wors-
ted goods, hosiery and knit goods Of
weol, carpets, wool hats, etc, felt goods,
braids and miscellaneous.
By adding the value Of imported
goods while In the importers hands,
S7S,441,0 900, and the value OF domestic
manufactures st the manufacturers
prices while at the mills, $500, $40 900,
We haYe the total value of manufac-
tures Of wool In the country during
thss year, and find it to be 1894 81, 900.
Now, the importer must make q
profit on his goods the same as the
commission merchant acting for the
domestic manufacturer, and must dis
tribute them through the various mid
dlemen Gobbers and retailers) that they
may reach the consumer. The cost OF
doing this, at the most conservs' i've
estimate, is equal to at least 50 per
cent. Of the value Of the goods when IN
tie importers and mill owners hands.
We therefore add S197, ,155, 600, 80 per
cent. of 1884. 81, ,0O6, to the mill owners
and importers first price, and have
SS91, ,4S6,O 900, the value Of the goods st
the point where they are ready for dis
tribution to the consumer. under the
operation OF the Mckinley tagif.
Bearing in mind that the duty on
manufactures Of wool affecting impor.
tstions has been reduced, by Democrat
ie action, from an average duty Of 100
per cent. to an syeaage duty Of 45 per
cent, we proceed to discover what the
saving to the consumer Of the before
mentioned goods would have been II
the Democratic tariff law of 1894 had
been in effect instead Of the Mckinley
tariff.
The imports valued at $50, ,993, 900
that we found paid $S. .448,0W duty
under the Mckinley tariff, would have
had to pay but S16665,OO under the
dus1es imposed by the Democratic tariff
Of 1894.
Here We find an immediate benefit
Of SIS, $4,000 to the consumer before
distribution to the mIddlemen, as their
SSa!00 III S1O awHO SCIo ueAOo WOU1A OS
that much less under the Democratic
tariff than it would under the Mckinley
tariff.
The value of the imported goods we
6nd in the same manner as before, by
adding the invoices price and the duty,
and find it to be S53,65S. 900, and the
goods still in the hands of importer.
This is the net foreign value, plus the
duty but the shipping charges OF e1-
penses accruing from the time the
goods leave the hands of the foreign
shipper.
The domestic manufacturers at the
mills, that we have already seen were
valued by the manufacturer st $780,
$4,000 under the Mckinley tariff, as
given in the census Of 1Sss.0, reduced
from an average rate Of 100 per cent.
to an sveage rate of Is per cent. as q
result Of freeWool, would be valued by
the manufacturer at S232,1a0,000.
To obtain the total value of manu-
fact1res CT wool under the Democratic
tariff, We add the values Of the imports
snry fho domestic rnQ0nfaet0rae Uboo