The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1894-10-31
SAVES MILLIONS.


WHAT IS GAINED BY CONSUMERS oI
WooLEN MANUFACTURES
Great Saving by Glasses In oil Walks O
Life by the New Tsr,R-ohe sper Ole tn
ing and Furnishlngs for the House
holder.
To set before the people the savinf
that will be effected to the consumes
of wooden manufactures by the new
tariff law passed under the present
Democratic administration, Jacol
Scheenhof, the well known writer OF
tariff, wages and economics generally
was yesterday interviewed by report
er for the New York Tiues
AS there are no means of obtaining
the figures for q period later than tb'
governmental fiscal year Of 1928. ht
was asked to accept the Goyernment's
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 S163, ,534 600 would have
been saved to the consumers OF goods
made wholly or In part of wool during
the governmental fiscal year of 1892 g;
had the present tariff Law, passed under
q Democratic administration, been In
effect during that year, instead OF the
Mckinley tariff.
I take that year for the purpose OF
showing the foreign importations. be-
cause It Is the last years report from
which can obtain the necessary facts
and for the same reason take the Cen
sus of 1889-9O 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
or our deductions are not strictly accu'
rate, as the consumption Of wooden
goods was greater In 1928 than II
was In 1889-9O, and, therefore, the saw.
ing would show much larger amount
in our favor, If could obtain the iig'
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 ag-
gregsted $50, 6,993,0O0 in value when
landed In this country. Upon these
duties amounting to $36. .448,000 were
paid. giving the imports value. of
S78. AL 600 (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 $50, ,448. 600 duty paid
by the importer, which last sum en-.
hauced the goods just that much, 1t
will be seen that the duties were. on
the average. practically at the rate of
100 per cent.
The value of domestic goods manu-.
factured wholly or In part of wool, the
same class Of goods as those referred to
above as imports, according to the
census of 1889 figured at the man.
ufacturers' prices at the mills or places
of manufacture, was 1920, $4,000.
These goods were wooden goods, ,w0rs.
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 ths importers hands,
$73.441 600, and the value OF do nestle
manufactures at the manufacturers
prices while at the mills, 1890, SIC. 600,
we haYe the total value Of manufac-
lures Of wool in the country during
that year, and find 1t to be 1894 81 900.
Now, the importer must make q
pre6t 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 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 $197, ,155 600, so per
cent. Of 1894 ,311 ,OO6, to the mill owners
and importers first price, and have
1851, ,466 600, the value of the goods at
the point where they are ready for dis
trtbutiOn to the consumer, under the
operation Of the Mckinley tagiff.
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 sveaage 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
been In effect instead Of the Mckinley
tariff.
The imports valued at $36, 1893, 900
that We found paid $40. 49, 900 duty
under the Mckinley tariff, would have
had to pay but S16,665,OOO under the
duties imposed by the Democratic tariff
Of 1894.
Here we find an immediate benefit
Of S19, ,783, 900 to the consumer before
distribution to the middlemen, as their
value 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
hnd In the same manner as before, by
adding the invoice price and the duty,
and find 1t to be $53.658.0 900, 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 fore,gn
shipper.
The domestic manufacturers at the
mills, that We have already seen were