"PROTECTION-RIDDEN."

Dominion, Volume 2, Issue 569, 26 July 1909, Page 7

"PROTECTION-RIDDEN."

UNITED}-STATES TARIFF. old Article under a new name. (By l Telegraph.—Press Aasoolatlon,—Oopyrlebt,) : 'i' i London, July 23. ■ The, No\v correspondent- of: '"The Times'! /refers.' ;'tp' ! A'picrioan'TtfieivspaperaV. protest; >■: and:, the strengtlSf or''other ,?a'galiist'' .tlie -practical. re-enactment: of the Dingley, tariff. .-. T .The,correspondent remarks ttiat;.~a general muatioii^ofSdutiosi ties .expebtsd,.,,and.. jfclie.,prevailing..feeling is one of'botrayed cotifidonco and■ indignation. • .'v' : v'' - _ / "THE SAME OLD-PICTURE.", Some Weeks ago the American correspondent of "The. ■Times J '>prodiotcd that>-the,> ncw;~tnriff, after all the amending,^.would emerge "the same qldspicturc/, with which, the- commercial woild-.'nas': been - familiar for,- nearly■: half a cent jiry, -Th e „ average -, rate bf ; ; tin ties vwil 1 - be: practically I :'the same lis those"; of; tke' c Morrill' : 'War. Tariff ■■.of- the 70!s„ of, the Tariff Gprainis'sions'Act.pf the £o's, of the M.'Kinley Laic of 1890, • tlie'Wilson' 'llbvenub Hefonn'. Measure' of 189-1. and the Dingley Act-of 1897. • '■"Dufies.'- iMs true, reduced. during this period: but only"actually arid : not relatively: " Prices: of : rruuiy commodities have declinedbut friends of protection/; have', always' .taken care' that, 'relatively : speaking, the.'rotes. of .duty shqpld /.remain substantially 'the "Baniei;'. - been'.' accomplished; '£h«';ad specific duties. For example, a specific duty of 7 , dols. on steel rails selling at 28 dots, per ton! affords;no. more protection than a' duty of 5 dote.' when the price -of ; rails 'is' 20 dote; :When wire nails were soiling at Bc. per pound .the duty was put-at .2c., buit ,when the price ;of .nails fell to 2c., half a cent, per pound duty afforded precisely': the samb protection, i "During, the, periods between ' revisions the 'manufacturers not ' infrequently have enjoyed jvery high protection—at times' 100 per cent, ad •vnlorem.' -These are the .'reductions'.of duty (vitfi', which Americnn protectionist politicians ;dress v their windows, but ; they are'very .'unsatisfactory .to the ultimate who has regularly' been separated by an average ad. Valorem- .banlor/,'of '• from 45- to '50 ' per cent, 'froth-Ihe 'outside'markets." . _. . |