, 1922-08-31
HUGE PROFITS
FROM EXPORTS


OBSERVATION-DISCLOSURES Documenl
entitled Imported Merchandise and
Retail Prices" 9th Congress, End
Session. has been made public. II
you have not possessed yourself Of q
COPY ask your Senator or Member. for
one. 1t is a revelation on the subject
Of importers profits. It explains as
WIN the importers combination has
nothing else ran the prime reason
been spending money like water to
defeat the Republican protective
To quote from the letter Of the
Secretary of the Treasury, submitting
the data from which the document
was prepared:
This data vas prepared in the Of
flee of the appraiser nj merchandise
at the port of New York from in
voices and entries on file in the GUS
toms office at that port. Each sheet
submitted bears an Identification let
ter and number corresponding to the
letter and number appearing ON that
particular article to which the sheet
relates, the articles representing
identical items of merchandise, or
duplicates thereof, covered by the
invoice and entry from which the
data was secured"
The data in question give country
of origin. foreign cost, charges, duty
(rate and amount), and total landed
cost Of one hundred and twenty-five
exhibits = imported articles coming
into New York, where Is per cent Of
our imports are received. These
articles embrace things found in the
kitchen, the dining room, the parlor.
the bric-a-brac on the w%hat-not,
things used for the toilet and for per-
sonal adornment. lingerie, hats,
pipes, canes. and many other classes
which enter into the life of the Amer
lean citizen. There are 60 illustra-
lions Of various exhibits accompanied
by tha-sales slips showing the prices
paid by the firms from which pur-
chased.
Here you will find importers prof.
its - the difference between the
landed cost Of the article in question
and the price at which disposed Of
to the purchaser at retail - rang
ing from 1877 per cent in the case of
a hand painted, gold medallion China
vase. to 1870 per cent in the case Of
a German wooden clock. "These
articles were manufactured in
than a score Of different countries"
declares the preface to the document,
"including China. Japan, England,
France. Italy, Germany. Czechoslo-
vakia. Ju%goslavia, Hungary, Belgium,
Spain. Holland. Denmark and Switx-
erland, where the cost of production
and Of labor are far below similar
costs in the United State,. due to
a variety of conditions, from de-
preciated money to lower standards
of living and sanitation, longer hours
of work and child labor"
In submitting the report to the
Senate. the Finance COMMITTEES calls
attention to several facts, among
them being that the duty collected
and the duty proposed in the pending
tariff bill should not increase the
price of this merchandise to the con-
sumner, that the duty proposed by the
pending bill will in no instance stop
Importation" and that 1.-The importer
can easily pay the tariff duties with
out increasing the retail selling
price. In other words. the spread
between the foreign purchase price
and the selling price by the importer
is sufficient to absorb the tariff duty
many times ove without any increase
Of the selling price of any of these
imported products" AS a smashing
retort to the vicious free trade
propaganda of the importers COM
bination this document hands that
combination the count.