« AnteriorContinuar »
Comparative summary of imports and exports for car pets and carpeting during the fiscal year 1910, with estimated imports and duties for a 12-month
period under H. R. i1019.
Aubusson, Axminster, moquette,
and chenille carpets, etc.
vet carpets, etc.
chain Venetian carpets, etc
whole for rooms, and oriental,
and similar rugs.
or cotton, or composed in part of
Wilton carpets only; does not include Wilton velvet carpets.
Statement showing comparative statistics of revenue derived from Schedule K
of the McKinley, Wilson, and Payne Tariff Acts with those estimated for a 12-month period under H. R. 11019 as a law.
i Not dutiable.
? Twelve-month period.
Comparative summary of imports and duties for the fiscal year 1910, with estimated imports and duties for a 12-month period under H. R. 11019.
Duties graph Para
estimated Item. graph
by applying Duties. of 1909. Rate of duty.
new rates to imports.
for a 12-month 11019.
new rates to
estimated the imports
$9,537, 458.64 $66,991,000.00 $13,398, 200.00
40,701.85 890, 535.00 178, 107.00
838.00 936.33 25 per cent.
209.50 730,750.00 182, 688.00
440.00 Combed wool or tops, and wool and hair advanced, etc. 375-376 1,129.80 1,188.41 ..do
732,508.00 183, 128.00 Yarns made wholly or in part of wool.
4 377 326,886.02 269, 296.16 30 per cent.
98,065.81 1,373, 937.00 412, 181.00 Cloths.
6, 104, 140.39 5,937, 753.72
2,441,656. 16 1 23,102, 123.00 19, 240,849.00 Knit fabrics (not wearing apparel).
36,999.88 35, 430.67
107,018. 43 103, 821.16
42, 807.37 310, 230.00 124,092.00 Plushes.
16,726. 46 17,117.80
6,690.59 All other manufactures, n. s. p. f.
157, 361.16 650,000.00 260,000.00 Cloths, knit fabrics, felts not woven, and all manu- 5
378 6,658, 288.07 6, 465,884. 31 40 per cent.
2,663, 315. 23 2 24,062,353.00 29,624, 941.00
45,995. 47 33,767.77
13,798.64 95,897.00 28,769.00 Flannels.
122,894. 35 127,644.93
53, 356. 61 162,533.00 72, 882.00 Blankets and flannels
379 168,889. 82 161, 412.70 30 and 45 per cent. 67,155.25 258, 430.00 101,651.00
4,148, 268.35 25,408, 458.00 11,433,806.00
382 1,776, 236.34 1, 444, 296.87 .do.
799, 306.35 5,066, 362.00 2,279,863.00
383 77,161.70 67, 174.54 35 per cent.
27,006. 60 160,898.00 56,314.00 Carpets and carpeting.
10-20 384-394 4,627, 483.68 2,806, 368.52 25 to 50 per cent. 2, 273, 155.00 5,877,988.00 2,887, 825.00 Total manufactures of wool.
23,057,958.78 20,776, 121.26
10,117,256.89 63, 831, 469.00 27,157,816.00 Total wool and manufactures of wool.
70,745, 251.98 41,904, 850.00
19,654, 715,53 130,822, 469.00 40,556, 016.00 1 Includes plushes and other pile fabrics. • Does not include knit fabrics not wearing apparel, which, in table estimated on the basis of net consumption, are included among wearing apparel, clothing, ready-made, etc. SCHEDULE K AND THE REVENUE.
As shown in Table 66, Schedule K is one of the most important schedules of the tariff law with regard to the revenues of the Treasury, as well as with regard to the comfort and welfare of the people. Import duties form the largest single division of the national revenues, and provide approximately one-half of the total revenue of the government at this time. For the year ending June 30, 1910, the total revenue of the United States was $675,511,715, of which $326,561,683 came from tariff duties, $289,933,519 came from internalrevenue taxes, and $59,016,513 from all other sources of revenue (including the corporation tax). In 1897, when the Republican Party acquired complete control of the national government, the total revenue collected from all sources was $347,721,705. Since then the population has increased about 28 per cent and the per capita wealth at about the same rate, and the taxes paid to the government have been increased about 94 per cent. This relates merely to the taxes paid directly into the Treasury without consideration of the enormous indirect taxation caused by the tariff. In 1897 the taxes paid directly to the national government amounted to about $3.85 per capita; in 1910 they amounted to about $7.35 per capita, almost twice as much. In 1910° the tariff taxes alone paid directly to the government amounted to about $3.55 per capita.
In 1910 Schedule K provided 12.83 per cent of the total revenue from tariff duties. This percentage was exceeded in that year by only two other schedules of the tariff, Schedule J (flax, hemp, and jute, and manufactures of) and Schedule E (sugar, molasses, and manufactures of). Schedule J provided 15.23 per cent and Schedule E 16.26 per cent of the total tariff revenue of 1910. Schedule K did not produce as large a proportion of the total tariff revenue in 1910 as it had done in earlier years. From 1871 to 1878 it was producing from 15} to 20 per cent of the total revenue from tariff duties. Under the act of 1883, from 1884 to 1890, it produced in the various years anywhere from 154 to 19 per cent. Under the act of 1890 the revenue from the schedule increased from 19.09 per cent in 1891 to 22.41 per cent in 1893. Under the act of 1894 the percentage fell off from 16.36 per cent in 1894 to 13.14 per cent in 1897. The percentage fell off sharply with the act of 1897, indicating the prohibitive effect of the greatly increased duties. From 13.14 per cent in 1897 this percentage of Schedule K revenue to the total tariff revenue fell to 8.63 per cent in 1898 and 8.53 per cent in 1899, and during the following 10 years moved slowly upward to 12.92 per cent in 1906 and then declined to 11.32 per cent in 1909.
For the fiscal year 1910, duties to the amount of $41,900,693 were collected under Schedule K, of which amount $21,128,728.74 were from raw wools and $20,771,964.26 from manufactures of wool. Four groups of articles provide the bulk of the revenue from manufactures of wool. The most important group is women's and children's dress goods, etc., which, in 1910, yielded $9,481,206.75 in duties, or not far from half of all the revenue from the manufactured goods. Woolen and worsted cloths are next in importance, and produced $5,937,753.72 in duties in 1910, or more than one-quarter of the total from the manufactures. Carpets and carpeting yielded $2,802,211.52 in duties in the same year; and wearing apparel, etc., $1,444,296.87. The total revenue from these four groups was $19,665,468.86, out of a total of $21,128,728.74 from manufactures of wool. It is the estimate of the Ways and Means Committee that under the duties provided for in the bill H. R. 11019 the probable total amount of duties which may reasonably be expected for the year 1912 would be about $40,556,000, of which about $13,398,000 would be from raw or unmanufactured wools and about $27,158,000 from manufactures of wool. It is very difficult to estimate accurately the amount of imports to be expected in the future under reduced duties. Many factors have to be carefully studied and considered, and the greatest care exercised that conclusions be drawn only from real facts and experience and with reference to conditions that are fairly comparable. Of course, any attempt to foretell the future in such a matter is only an estimate and to be considered strictly as such. The committee has, however, made every possible effort to secure the best estimate that could be made under all the circumstances, and has checked up this work at every step by comparative results reached from different angles of computation.
The method and procedure by which the estimate was reached of probable imports (and duties therefrom) of unmanufactured wools is explained earlier in this report in connection with the discussion of that subject. In dealing with the manufactures of wool, which include a number of groups of articles under widely varying conditions as to importations and otherwise, an estimate was made for each group separately, through the study of the changing proportions of imports to domestic consumption under high protective rates of duty and under material reductions of such rates as actually experienced under the McKinley and Wilson tariffs, respectively. As to all the groups of manufactures of wool (under Schedule K), the domestic consumption was computed from the census statistics and the statistics of imports entered for consumption and exports (Bureau of Statistics, Department of Commerce and Labor). The imports were compared with the consumption for the year 1892 under the McKinley high tariff, the year 1896 under the Wilson lower tariff, and the year 1910 under the Payne high tariff. The percentages of the imports to the domestic consumption were calculated for each of these years, and from the increase in such percentages in 1896 over those in 1892 proportionate increases were estimated over like percentages in 1910. These percentages were studied in connection with present industrial conditions and with reference to the almost prohibitive effect of many of the Payne rates; also with regard to the greater competitive conditions involved in the proposed rates, considered in connection with the undoubted advance in the equipment of many of our domestic manufacturers and their increased ability to overcome foreign competition. From the calculated percentages, checked up with the factors above mentioned, estimated percentages of imports to domestic consumption were reached.
The probable domestic consumption of 1912 was estimated from advance statistics of the census of 1910, assuming the continuances from 1910 to 1912 of the growth of recent years (or decline in the rare cases in which there was decline). Applying the calculated and checked percentages to the estimated domestic consumption of all the groups of manufactures of wool, the estimated imports were ob