The History of the Present Tariff, 1860-1883

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G.P. Putnam's Sons, 1885 - Tariff - 111 pages
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Page 100 - Reduction in itself was by no means desirable to us ; it was a concession to public sentiment, a bending of the top and branches to the wind of public opinion to save the trunk of the protective system.
Page 20 - Many industries had grown up, or had been greatly extended, under the influence of the war legislation. As that legislation continued unchanged, still more capital was embarked in establishments whose existence or prosperity was in some degree dependent on its maintenance. All who were connected with establishments of this kind asserted that they would be ruined by any change. The business world in general tends to be favorable to the maintenance of things as they are. The country at large, and especially...
Page 24 - ... in order to show on the record that he voted for the highest figure, and, therefore, is a sound protectionist. He is the wisest man who sees the tides and currents of public opinion, and uses his best efforts to protect the industry of the people against sudden collapses and sudden changes. Now, if I do not misunderstand the signs of the times, unless we do this ourselves, prudently and wisely, we shall before long be compelled to submit to a violent reduction, made rudely and without discrimination,...
Page 79 - By raising bar-iron [of this class] above both House and Senate to $22.40. The Tariff Commission reported that the tariff on iron ore should be 50 cents a ton. The Senate said it should be 50 cents a ton. The House said it should be 50 cents a ton. Gentlemen of the conference committee reconciled the agreement of the House, Senate, and Tariff Commission into a disagreement, and made the duty on iron ore 75 cents a ton. The gentlemen of the conference did a similar service for the great corporation...
Page 47 - The duty was three cents i pound if it cost twelve cents or less, and six cents a pound if it cost more than twelve cents. The other two classes, of clothing and combing wools, are the grades chiefly grown in this country, and therefore are most important to note in connection with the protective controversy. The duties on these were the same for both classes. Clothing and combing wools alike were made to pay as follows : Value 32 cents or less, a duty of 10 cents per pound and 11 per cent. ad valorem....
Page 101 - Nevertheless, there remain certain criteria that are pretty generally accepted, even in areas where their applications are somewhat embarrassing. All Americans seem to be agreed that education is a good thing, and that the more of it there is, the better. All of them agree likewise that crime is a bad thing, and that the less of it there is, the better.
Page 8 - It will be indispensable for us to revise the tariff on foreign imports, so far as it may be seriously disturbed by any internal duties, and to make proper reparation. * * * If we bleed manufacturers, we must see to it that the proper tonic is administered at the same time.

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