Speech #470172908

Then the expenses set down as not named" at $12.78 would only amount to $10.22 in other countries. a difference of $2.56. Now. let me strike a balance between the American and foreign manufacturer of wool and see how much per cent. of duty should be levied upon the foreign product. not including profits. commissions. or freight. in order that when they enter the American market they shall be upon an exact equality. The statement of the American manufacture is as follows: M aterial duty paid .................................................................. : ............... $61 50 Labor ................................................................... ...... 17 72 E xpenses not nam ed ........ t ....................................................................... 12 78 T otal cost ............................................................................. ........... 92 00 Statement of the foreign manufacture is as follows: Material free ........................................................ $ 5t Pauper labor ....................................................... 14.07.6 E xpenses not nam ed ............................................................................... 10 22 T otal cost ......................................................................................... 63 81.6 Showing a difference in favor of the foreign manufacturer (which must be overcome by tariff duties) of $28.184. and this would require a tariff imposition of just 42.75 per cent. Now. turn to the statistics of the Treasury for 1882 and see what rates of duty the American manuficturer has had the benefit of: Carpeting. 53.46 per cent.. bunting. 130 per cent.. felts. 57 per cent.. hats. 67 per cent.. balmnorals. 89.41 per cent.. blankets. 77.33 per tcnt.. knit goods. 56.78 per cent.. shirts and drawers. 66.78 per cent.. shawls. 60.58 per cent.. dress goods. 67.70 per cent.. flannels. 79.36 per cent.. webbings. 68.30 per cent.. yarns. 78.35 per cent.. and an average upon all manuihctures of wool of 68.12 per cent.. or 25 per cent. on the average more than was needed to equalize the tariff on their material and the difference in cost of labor and other expenses. Under a tariff of 30 per cent. ad valorem on clothing wools. the materials in each $100 worth of manufactures which now cost $61.50 would be reduced to $51.36. a saving of $10.14 to the manufacturer.