Another grave feature that confronts the industry. and which has arisen only within the past year or two. is the fact that India and Argentina. to which we must look for approximately 80 per cent of our raw material. have now themselves gone into the manufacture of bone black. and are therefore now producing and offering the finished product in this market. The House reported a rate of 25 per cent ad valorem on this commodity. but when the bill was reported to the Senate. the Finance Committee reduced it to 20 per cent ad valorem. Unless additional protection to the amount of at least 25 per cent is given. the domestic industry can not hope. as I see it. to meet the cheap coolielabor rates abroad with the wages now being paid to our American workers. and the industry will not be able to survive under such a handicap. The domestic producers have asked for a 30 per cent rate. but I feel justified in asking for the restoration of the duty fixed by the House. namely. 25 per cent. This increased duty is earnestly requested in order to preserve the domestic industry.
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coolielabor