The Lexington dispatch. [volume] (Lexington, South Carolina) 1870-1917, 1894-10-31
SAVES MILLIONS.
WHAT IS GAINED BY CONSUMERS OF
WOODEN MANUFACTURES

WooLEN MANUFACTURES
Cheat Saving by Classes In sli Walks O
Life by the New TariG-ohsaper Cloth
ing and Furnishings for the Honss
holder.
To set before the people the saving
that will be Effected to the consumer
af woolen manufactures by the new
tariff law passed under the present
Democratic administration, Jacot
Scheenhof, the we'll known writer on
tariff, w@ges and economics generally
was yesterday interviewed by report
er for the New York Tiue e5:
AS there are No means Of obtaining
Il figures for period later than the
governmental fiscal year Of 1928. be
was asked to accept the Governments e
figures on the imports for that year
and show what the saving to consum.
ers Of wooden 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 $16S, ,5S4, ,00 would have
been saved to the consumers OF goods
made wholly or In part Of wool during
the governmental fiscal year Of 1928
had the present tariff Law, passed under
q 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.
f.Sf he o~1c
which can obtain the necessary facts
and for the same reason take the cen
sas Of 1S8S-90 to show the value OF
domestic manufactures made wholly
or In part of wool.
Taking the year 1SS9-9O In one in
stance, and the year 1892 -93 in the 9th.
er our deductions are not strictly accu.
rate, as the consumption of WOODEN
goods was greater In 1928 than 1t
was in 1889-90, and, therefore, the saw.
Ing would show much larger amount
In our favor, if ! could obtain the fig.
u-es for domestic manufactures during
the fiscal year of 1928.
We will have to do the best that We
can, however, even though it reduces
our figures many millions Of dollars in
showing the saving that the Democrat
10 tariff effects.
Daring the fiscal year 1928, the
imports of manufacsures OF wool ag-
gregsted $50. $4,000 in value when
landed in this country. Upon these
duties amounting to S36. .44S 600 were
paid, giving the imports value Of
S7S,441,O 900 (the total of the two above
amOunts) in the importers's hands,
ready for distribution through the va.
rious middlemen to reach the consul
mer.
By comparing the $50, ,993 COO, the net
invoice price Of the goods to the I'm.
porter, and the S35, AS. 600 duty paid
by the importer, which last sum en-.
hanced the goods just that much, 1t
vill be seen that the duties were. On
the average, practically at the rate OF
100 per cent.
The value of domestic goods manu-
fsctured wholly or in part of wool. the
same class Of goods as those referred to
above as imports, according to the
census of 1889 80, figured at the man
ufacturers' prices st the mills or places
of manufacture, was SS20,S70O00.
These goods were Roolen goods, ,wors-
ted goods, hosiery and knit goods Of
wool, carpets, wool hats, ETC.. felt goods,
braids and miscellaneous.
By adding the value Of imported
goods while IN the importers hands,
$73,44l, 900, and the value OF domestic
manufactures at the manufacturers
prices while at the mills, 1920, $40 600,
we haye the total value of manufac-
lures Of wool in the country during
that year, and find 1t to be 1894 .311 900.
Now, the importer must make -
prsft 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, st the most conservative
estimate, is equal to at least 30 per
cent. Of the value Of the goods when in
the importers and mill owners hands.
We therefore add Sl97, ,155, coo, so per
cent. of S394, 81, ,OO6,t to the mill owners
and importers first price, and have
$591, ,466 900, the value of the goods at
the point where they are ready for dis
trtbution 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
ic action, from an average duty Of 100
per cent. to an aYeaage duty of 45 per
cent, We proceed to discover what the
saving to the consumer Of the before
mentioned goods would have been If
the Democratic tariff law of 1894 had
heen In effect instead of the Mckinley
tariff.
The imports valued at 1886, ,993, 900
that we found paid $SG, ,448OO0 duty
under the Mckinley tariff, would have
had to pay but $16,665,OOO under the
duties imposed by the Democratic tariff
Of 1894.
Here We find an immediate benefit
of Si9, ,7S3, 900 to the consumer before
distribution to the middIemen. as their
Yalae in the importers hands would be
that much less under the Democratic
tariff than 1t would under the Mckinley
tariff.
The value of the imported goods We
ind in the same manner as before, by
adding the invoice price and the duty,
and find 1t to be $53,65S.0O0, and the
goods still in the hands Of importer.
This Is the net foreign value, plus the
duty but the shipping charges or ex-
penses accruing from the time the
goods leave the hands Of the foreign
shipper.
The domestic manufacturers at the
mills, thst We have already seen we're
valued by the manufacturer at $780,
$4,000 under tae Mckinley tsrif, as
given in the census Of 1S89-90, reduced
from an average rate Of 100 per cent.
toSn aYease rate Of Is psc cent. as
result of freewool, would be valued by
the manufacturer at 1922, 10000.
To obtain the total value Of manu-
factares of wool under the Democratic
tariff, we add the values of the imports
anu the domestic manufactures, when
Ia the importers and manufacturers
bands, and find a total value Of $685.
$4,000.
To this last amount We add 80 per
cent, as iu the other instance, to cover
importers profits, and all the expenses
and prn6ta of tho Tnid6lnmen and find