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Testimony Taken by the Subcommittee on the Tariff of the Senate Committee on Finance in Connection with the Bill H.R. 9051; To Reduce Taxation and Simplify the Laws in Relation to the Collection of the Revenue ...

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1888 Excerpt: ...market, and displace domestic with foreign products. This has been remarkably and most unhappily demonstrated by the situation of the worstedcloth industry in this country since the tariff legislation of 1883. That law not only largely, and we think unduly, reduced the duties on goods to correspond with the reduction on wool, but a construction of the Treasury Department, as we believe against the manifest intent of the law, that worsted cloths are not woolen cloths, still further reduced the proportion of the compensatory duties on worsted cloths to the duty on the wool of which they are made. In a paper prepared for the Senate Committee on Agriculture, published in a former number of this volume, we showed that these importations of worsted cloths, under unduly reduced compensatory duties ou manufactures of wool, were peculiarly disastrous to the wool-growers of the older States producing merino combing wools--the very States most needing encouragement of wool production on account of their high-priced lands and limited ranges of pasturage. We showed by official tables of importations that in the year 1884 4,591,215 pounds, and in 1885 5,903,994 pounds of foreign wool, in the shape of manufactured goods, were brought into this country in excess of the importation of goods of like character in 1883, to the detrimeut of onr owu manufacturers and in an equal degree to the producers of wool. The paper containing these statements, with many others confirmatory of the point that the reduction of tie compensatory duties on worsted was far more injurious to the wool-growers of the older States than the reduction of the duties on wool under the tariff of 1883, were largely circulated in the West. They were commeuted upon with approbation by the leading wool aud ag... Hide synopsis

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