Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-06-25

t" technical discussion Of many
other Elaring faults aud absurditics
disclosed under the wool schcdutc
''ut your attention is particularly
called Ia tho fact that the bic bur
dens are mad. Ia fall apun the uuu",
the average citizens Of our ruuntry,
Under su-galied suerinH dutIea II
ia possible fur these who ratirn AT
the expense uf an mntnowine, apathe-
tie public, To WAN richer, under as
ihonstrous perfersipn IF our right Is
ne haa ever been conceived. Under All
valurnm duties there exists no oppor-
iunitN Ia obtain Dur money Under
falls" rretensc, none tho less wicked
because ih!ulund Ia under color uf
law,
And why do make such charges
against rron"nehin NJ tho wool
sUhodulrH
unfortunately tho men We send
10 Congress arc NJ, Eenprally versed
in the intrlCacira az wool ami it's
historical tariffs. The schedules
during the period front 1861 to 1927
hav" been framed hy wool men. al
roctS Interested IA tho business
h"naated' In III" nbs"uCc Of Con
grossncn vcrsct In the same. the
inhors .: rompiltuu rates OF duty
hHv" hccn lcft Ia Hn'Vallod experts
tho paid agents. not pf tn" people
but Of parties IN !nisrrs, whose CON
sciences wer" swayod by their
bosses, tho mon dreut,y Interested.
THE fact 81 notorious and has scan
d"l'r"d tho country by tho cupidity
demonstrated aud tho EhRmcicssncs.
-; our supposed representatives.
u quote from bulletin Of the
Fair TariT League, containing the
following figures;
Tho domcetic clip of wool IN
1921 was nppro Nlrnntely 275.OUO.00O
pounds.
Total mill requirements In 1891.
approximately 65O.0oO.0O pounds
Excess. which must DO Imported
approximately 37o.oOo.o0o pounds.
Average shrinknEc OF !mporta-
tons. as shown by tariff board
report during period OF Payne
Aldrich bill--+0 per cent.
The clean cOntont OF all impor-
tations therefore, 225UO0 Don
pounds,
Tho domestic shrinkage approx
inatcly 80 per cent.
The clean content therefore OF
all domestic wool, lsI5o0.O00
pounds.
The total domestic and imported
wool on clean content basis
362O0OOUU. Al 81 cents duty per
secured pound. approximately si2J.-
100000 duty.
Assuming that domestic wool
wlll sell slightly under the price
~ which similar wool can be inn
ported. We stlll have added
through m. placing Of S3-cent
duty on wool from Ill0.0O0.G00 to
sll500O00O Ia the cost OF the wool
that we consume. OF which the do
nestle grower VIII get only st5,-
uO0.G0 10 &50,00O.O0O
Wool, In going through the va
r!ous processes OF manufacture.
pyramids 3.lt times the amount of
the original cost OF the wool. be-
fore 1t reaches the consumer This
IS illustrated by the following
table;
/; takes four pounds Of
clean wool TO make All all
wool suit OF clothes. me
dunn weight. -FOUR pounds
o; secured wool at 81
cents ............. ......tl.31
Wool grower sells 1t 10 com
mission house OF woo
merchant. WHO averages
40 per cent markup on his
selling price TO cover
proht and overhead when
H~ sells it 10 the spin
u"r This makes - 49,,
The spinner sells /; 20 the
Cloth manufacturer at Il
fEarEUp 70 cover his man
IiactHring overhead. and
Iroht OF 10 per cent.
winch makee .,..-....... ia
I'M" cloth manufacturer
sells i 70 lh" clothing
manufacturer who to
cover ms distribution
costs. overhead ana profit.
adds 90 per cent markup.
which makes cI5
Tie clothing manufacturer
sells u - the retailer who
sells IT ~ retail and adds
~ per cent marknp.
9nIch makcs ,,
b i b" retailer sells u to IN.
, consumer and adds a>is
per cent to his selling
price which bring. tn.
cost 20 tho consumer ON
sni, or clothes OF a az
z cents cl.an content dury
"s proposed IN M" Senate
The Original cos. or "a. ann r.,
'hat wool! El.3?, therefore. divld,I
iNi" Sild shows mat through
'he pyra hiding process IN. dr,y
D. has Increased ".li times ana when
Z We multiply th" SIl5 o"o. 900 cost Of
. ~" Wool dnty hy @lf ~ get
>3rlr'o 900 as the total cor, "a IA.
o. American people Of the nropos"d
q "rtF ~ - ucr cent pnrind 10
e" project AM Industry tho Who'll.
q" value If wh"sc output i'm 1927 ros
only NG6.hrJ ooU and which wiIl SO,
RI "n.F s'".e00"db ~ III. tasI 600 100
=" aadconal price for ~. com
n wpdi',
Tae wool grower ,nust t.yo
u some protection. bul 60 per ce,,
nh 'hc N1iu" ~ his clip Is behaved
Hf uluur 10 bo nuDulN I, ,,,,,I