New-York tribune., 1911-01-30
TARIFF REVISION
English Trade Returns Uphold
Mr.. Taft's Views. Z.
London. January "A

"""' "' "o"'s 10 scientlHc revision 40
individual schedules. ss the necessi,v o..
it becomes apparent from the s,at,.,,..
Of trade. He considered the woou.-
schedule the most vulnerable one IN ,h.
Payne-Aldrich tariff. and profoundly re-,
gretted the failure Of Congress to mat.
material reductions In IT, Practical nnp.
ticians East and West have agreed ,h..
four-fifths Of the criticism 70 which ~.
measure was exposed would have bee,
avoided II there had been reasona,,.
concessions in that schedule 10 the In,
terests OF consumers.
The consular returns for the las, YEA.
reinforce this conclusion. The export,
from the Bradford district. where traA.
has been demoralized by fall in price,
reveal decline Of fl .120. $50 from l9Na
The aggregate. f30S9316 for twelv.
months. is one OF the lowest in ths re-.
cent history OF the consulate. WhiIs
/ Bradford does not compete with Hud.
dersield in the higher priced classes os
worsteds. it supplies the markets Of III.
world with dress goods, Innings and coa,.
ings. and meets the requirements OF
ready made clothiers. It's trade With
America is declining.
II there were satisfactory evidence of
the enlargement Of woollen nnanufact. 81
ures i'm America the shrinkaee ot Brit.
ish exports would not be without COM
pensation. In 1909 there seemed 10 be
indications Of II in the shipments o,
!eers and other mechanism for making
higher grades OF worsteds and woollens.
and in an increase Of more than 1000
| 900 in the export Of wool from the Brad.
ford district Consul Ingram's figures
now show a decline in the export Of ma
chinery and yarns. and shrinkagc 81
| Fl 100, sos in the shipments OF wool.
Consul General Griffiths annual exhibit
of exports from London confirms this
result. The shipments OF wool have
fallen from So,31S,51O 10 S3,7e0 ,93s. and
there has been a slight reduction in the
exports Of woollens and worsteds This
is prina facie evidence that the combi-
! ndIlOn OF NOOl 6iONFAs ~ NAAV 'NoN anu
woollen manufacturers in the East over
reached itself in resisting any altera.
tions In the schedule. Foreign goods are
virtually shut out and the home manu-
facturers are not increasing the pro-
ductiveness and removing the grievances
Of consumers. AS President Taft frank
" admitted. this was the glaring defect
of the revised tariff.
The tariff. however. has proved an ex- ,
pansive revenue producer. and by en-
,areine the free list has increased the
volume Of trade. The aggregate exports
from London to America are Sll2I3i-
567 for 1910 This exceeds the large
total Of the previous year. which was
considerably higher than the aggregate
for 1903. when business interests were
depressed " is proof Of the TREMENDOUS
purchasing power OF the American mar
ket under normal conditions and Of the
increased prosperity Of all classes Inc
exports of diamonds and other precious
stores ran down to S1,39jCoo IN nara
times hut there was a rebound TO Vs.
223. 600 In 1909 and an additional In
crease to $9.131 600 last year. How riA
and prosperous America must re When
diamonds are purchased on tnls SUI.
pendous scale The exports ~ works o'
arr have been over Ss.37s,ooo. or virtu-
ally as much as during the previous
year. but each aggregate has been m
creased az least seven times nv the ID
clusion Of old pictures and antiques N
the free list Foreign motor cars may
also be considered a luxury for the ricn'
The American industry controls tle
home market and sets prices which defy
competition abroad but rich men IKE 70
have British. French or German vehicles
in their garages. The export Of motor
cars from London 10 America mas III.
creased from $4,000 10 $4,000 during
the last year
The consul generals records serve 70
explain the rubber boom, which was
phenomenal feature of last years stock
market The expert Of crude ruoper eA'
ceeded Sl1 800 600. an increase Of neariy
S5OO0.O 900 over the previous year ana o'
more than 50. 100000 over 1908. The re-
markable rise in price Of the raw ma
terial accounted for a cons!deraole Po''
tion OF this amazing increment nut '"s
bulk of II was an enormous increase "
demand for motor cars. rubber hooi'"s
and other purposes in America, an"
or DICQAC-
tior in the East Indies were required io'
supply. The mania for buying ruopei
shares and floating new companies ho"
seems rational enough, in view OF '"'S'
shipments 10 America, and II can 10
readily understood how the market "a'
been steadied without rubber princes
SUPPORT il, even when new enteipl'S'
were multiplied with reckless p'ou''
eality.
There were large cuts in the metai
schedules Of the revised tariff. and the
interest, of the American industries navy
not been sacrificed. The manufactures
OF iron. steel and other metals eSpol.ea
from London 10 America IN low
amounted 10 So sol .52S. and the to'a'
was S2.526 422 last year. Each ass'
gate was three times as great as u Na'
before the revision OF the schedule. Ihe
exports OF copper shrank one-nal' ou'
those Of tin reverted from SlS@oo 4oI 70
$1S.654.S74. the level occupied IN I"e'
The reduction ot duties on tin plate n''
not seriously damaged the American ID,
dustry. while II has materially inereasea
shipments from swansea and Liverpool
A considerable portion Of the steel oa.'
used in the manufacture Of tin pla'e W
~ 49,. Arosrica IS