Pine Bluff daily graphic., 1897-04-29
Why trse Trust Can Dictate Such Out.
 rageoasly High Duties.

an average Of about 35 per cent under the Mckinley bill, began to hustle for Mckinley. He is said to have raised a large sum of money by passing the hat among the 20 or 25 cutlery manufaetur- CTS. Just how the money was spent is not known. 1t is probable, however, that several Mckinley delegates to St. Louis owed their presence there to this fund. The hat passer himself was one of the very few delegates from New York who was for Mckinley first, last and all the time. He was one of Han mas most trusted lieutenants. One of the two favors which he is said to have asked as compensation for his valuable schedule. This privilege, being an ordi- nary aud expected one under the protec- tion system, was readily granted by the power behind the throne. This is prob ably the whole story. It explains fully why the duties are there and why they will stay there.
 Below is given in detail some of the effects of the proposed duties as applied to importations for the last fiscal year Of course but few knives will be in- ported under such exorbitant duties.
 PROPOSED SCHEDULE. First.-All pocket knives not costing more than 40 cents dozen, 35 per cent ad valorem. Seeond.-Costing more than 4o cents dozen, blade, 20 per cent ad valorem and 60 cents q dozen.
 Third.-Costing more than 49 cents a dozen. 3 blade, 20 per cent ad valorem and $I dozen tIf pearl or shell, 50 cents dozen extra.) Fourth.-Costing more than 49 cents dozen blade. 20 per cent ad yalorem and sl50 a dozen.
 Fifth.-Costing more than 70 cents Il dozen i blades or more, 20 per cent ad velorem and g dozen.
 (1f pearl or she'll 75 cents a dozen extra on 6
 and blades.l
 Calculation showing result based on importa- tions for fiscal year 1896: All knives costing At cents per dozen and less:
 296,0O0 dozen, average price, 26 cents; value, S76,9o0; 8 per cent.
 Knives costing over 40 cents per dozen: 48,000 dozen, blade, average price, 60 cents value, S2s,e00; at 70 per cent and 50 cents 8 dozen; duty, S29, 760.
 392, 900 dozen, blade, average price, SI03; value, $403,7 at 20 per cent and sI a dozen; | duty, $472, 752.
 277 600 dozen, blade. average price, sI.27; value, S351, 790; at 20 per cent and $l.50 dozen duty, $485, ,858. | I value, $4S9, 420; at 20 per cent and s2 per dozen duty, $595, 1884.
 Total value. .e223 re; total duty, sI 5s4 o54; | 12912 per cent. | Estimated that of ?, 3 and blade 25 per cent are of pearl or shell, adding duty as follows 1 98, GOO dozen, , blade, at 50c. s49,000 69. .250 dozen, blade, at 75c. 59,438 63, 800 dozen. blade, at 75c. 47,625
 sl.740, 317-142113 p. C.
 RESULT. Knives to the value of per cent of importa- tions, duty would be S5 per cent.
 Knives to the value of 94 per cent of impor tations, duty would be 14212 per cent. The duty pocket cutlery for some years prior to 1860 was 24 per cent ad valorem. From 1860 to 1890 it was 50 per cent ad va- lorem, with the exceptions of short time during that period when it was 45 per cent ad yalorem.
 The Mckinley tariff averaged about 9l per cent ad valorem.
 The Wilson tariff averaged about 51 per cent ad valorem
 The proposed Dingley tariff will average, based on the importations of 1896, l421a per cent ad valorem on 94 per cent of all knives imported during that year
 The equivalent ad yalorem duties on the fol- lowing popular description cf knives under the Mckinley bill, Wilson bill and proposed Dingley bill, are as follows:
 McKin Wilson Ding
 ley bill. bill. ley bill.
 P. c. P. O. P. O. blade jackkDives that re-
 tail at 9 cents. ........... 1t9 . lE5 2 blade pearl ladies' knives
 that retail at 9 cents. . fl2 . is5 blade pearl ladies' knives
 that retail at 50 cents. G3 51 20 blade penknives, not pearl
 or shell, that retail at 30
 cents ....................... g J 20 blade penlsnives, pearl or
 shell, that retail at 30 cents S8 5i 170 blade penlnives. not pearl
 shell, that retail at 5J
 cents cents ......-,.. 8 S lo blade penlknives, pearl
 shell, that retail at 50 cents s 5i 203