, 1924-12-04
REPUBLICAN TARIFF LAW
KEEPS ON WORKING

WASHINGTON, NOV. 29.-"The
Republican tariff month by month Is
proving its worth" declares the Re-
publican Publicity Association, thru
its President, Hon. Jonathan Bourne,
Jr. The average duty rate on all
imports is only about Is per cent and
the average rate on dutiable goods is
a trifle less than 1t was under the
Democratic law. But 1t is a we'll
balanced and scientifically adjusted
measure. with a flexible provision to
meet any untoward circumstances
which may arise.
Our foreign trade for September,
compared with September 1923,
shows an increase of 100000 in
imports and SAG 900, 900 in exports.
The total trade increased from
S635.OOO. 900 to SIG 100000. The
trade balance in our favor in Sep
tember. 1928, was S21 900, 900; and
in September of this year, $~39,5OO,-
900.
Taking the trade by groups, i'm
ports of crude materials increased
from s77. 900, 900 in September, 1923
tn 500, 900 in September, 1924,
Indicating greater factory consump-
ton of materials under that head.
which means larger production and
more labor employed. Imports OF
semi-finished goods increased from
$4,000, 900 to $50, 900 900. Exports
of crude materials decreased from
S13I,5OO, 900 to 1928 100000, which
would indicate that domestic mills
are absorbing a greater proportion
of domestic supply. Imports OF fin
ished manufactures increased from
$4,000. 900 to $50, 900. 900, which
shows that there Is nothing prohib-
tive about the tariff in its effect on
this class of goods. Exports of fin
ished manufactures increased from
$124.O 900 900 to 1926, 100000; and
of semi-finished from S45 900 900 to
$49,5OO, 900. Thus it Is evident for
eign markets have not been closed to
our sales.
Imports of crude foodstuffs In
creased from sec 900 to s29,-
10000. and of manufactured food
stuffs from s33,000,0O0 to s%3S,O00.-
900. A large portion of these i'm
ports consist of coffee, tea, chocolate,
spices, certain tropical fruits, coco
nut products, and other commodities
of non-competitive character not pro-
duced in the United States. The con-
Stunning power of the American peo-
ole in these lines continues to in
crease and it Is a good index OF our
countrywide prosperity.
Exports of crude foodstuffs, show
A phenomenal increase, from $27,-
OOO, 900 to SIS, 900 900. In this group
are included grains, and vegetables.
Exports of manufactured foodstuffs
increased from S46. 900, 900 to $49.-
500. 900. Miscellaneous imports In
creased from $4,161,OOO to $4,667.-
900, and exports of the same from
$6,448,OOO to $S.4O4,00O.
ut will be. noted that in no in
stance was there a decrease. Imports
az a whole Increased from s253,0OO,-
600 to 1898, 900, 900 exports from
$4,000. 90 to s42S.O0 900.
Immediately following the pass
age OF the Republican tariff law in
September. 1922, there was n won-
derfui increase In our foreign trade,
both imports and exports. This con-
tinued until March OF the following
year, when II tended to slow up a
bit and Immediately the opponents
of the Republican tariff law began
to shrek that the country had been
BETRAYED and ruin was upon US. We
closed the fiscal year 1923, nine
months under the Republican law.
with a favorable trade balance OF
S175,OOO. 900, but because OF ire
mendous purchases OF crude mater
iais abroad the balance was against
US during the last four months OF
that year. Beginning with the fiscal
year 1924 the situation began to
right itself and the year closed In
June with a balance in our favor
of s7s7, 10000 That was about
the time the tariff opponents swung
away from facts and turned to false
hood. In ~ondemning the tariff law.
There Ia every prospect this year
of an excellent favorable balance.
and yet ono not 30 large as to create
anv uneasiness as to how payment
will be made by our foreign pur-
chasers."