The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1911-12-23

The long talked Of report OF the tariff
board on the wool tariff or schedule X
OF the Payne Aldrica bill, mas been
made and IL shows Is was expected,
that the schedules Of the Payne tariff
bin are too high ana ought 20 be low
cred The WOODEN schedule has caused
more contention than any other sche-
dule. unless it ID the cotton schedule.
from the fact that Ii covers articles Of
clothing that must be purchased by
every man. woman aud child IN the
nation 20 "A greater or less extent
The report of the board is interest
ing fl is the first statement Of facts
that has been put ont in which the
American people can have utter con
fidence For that reason, IL none
other. the tariff boari is worth every
cent IL costs and ITS abolition would
simply pnt us back into the old guess
ing nut ana place us at the mercy OF
every politician in the country.
But to return to the report. That
portion contained in the report Of cost
of woolens from "back TO back mean
ing from the wool on the back of a
sheep to the suit of clothes on the back
of man is mighty interesting.
For purposes OF computation. the
board takee "A suit OF clothes retailing
at $23 and wholesaleing at Sl6.50.
This Is said TO represent fairly the
suit of clothes worn by the average
American
: The farmer receives for the wool In
such a suit So 23 and his profit is 50
cents the manufacturer OF cloth re-
ceives for his product 81 70 and his
profit is 90 cents the wholesale cloth
Ing dealer receives for his product
Si6. so and his profit is 50. is; the re-
taller receives $23 and his profit is
s6 go The figures are aggregate.
1t may be seen by the above that the
profits to the farmer and to the manu-
facturer of the cloth is not what tar
In agitators would lead as to believe IL
is
However, to get to the difference be-
tween the foreign made fabric and the
American made fabric and compare
The duty paid price with the retailing
price is an important feature of the ro-
port and it shows that the duty levied
IL prohibitory in that the price of duty
paid on imported fabrics in many in
stances il nearly twice the selling
price of the same home made fabric.
The report SAYS;
This is largely due to that part of
ha duty which is levied ostensibly TO
,om lensate the manufacturer for the
cost OF his raw material due
% the duty on wool As matter of
iact, this compensatory duty. for nu
classes Of goods, is much in
excess of the amount needed Tor strict
"On the other hand the findings
show that the duties which run TO
,uch high ad valorem equivalents are
prom DitOry, NluCe tnb ROouS hIo HOt
imported. but that the prices of domes-
tic fabrics are not raised by the full
amount OF duty. On set OF one-yard
samples OF sixteen English fabrics,
which are completely excluded by the
present tariff rates, il was found that
he total foreign value was S4l.S4 the
iuties which would.have been assessed
had these fabrics been imported SO. 80
he foreign value plus the amount of
the duty $llS.74 or "A nominal duty OF
1873 per cent In fact however. prac-
tically idential fabrics OF domestic
make sold at the same time at 500. 10
an enhanced price over the
foreign market value of but 81 per
cent.
On the strength OF the showing made
by the board the President advocates
the reduction of duty on the items in
this schedule to basis which will
simply protect the American manufac
turer against the lower manufacturing
costs OF the foreigners