AMERICAN TARIFF.
SHOULD BE FOR REVENUEPRODUCING PURPOSES. By Telegraph. — Press Association. — Copyright. LONDON, 23rd November. Mr. Andrew Carnegie, in an article to be published in the December issue of the Century Magazine, New York, suggests that the time has now com« for Congress to introduce a tariff framed for revenue-producing purposes only, instead of a tariff for protective purposes. Protection, Mr. Carnegie argues, is justified in new countries, and is the only policy available for adoption by Canada and Australasia, but its necessity is past in the case of the United States. It is understood that the Republican party is in favour of equalising the duties, so as to give the consumer the benefit of the most favourable price consistent with the protection of domestic industries and home labour. It has been stated that there must be no innovation that will peTmit American labour to come into competition with foreign labour, and, accordingly, in all cases the duty must be equal to the difference between the American and European cost of production, including a reasonable profit to the American producer. During the Presidential campaign, Mr. Bryan's supporters expressed themselves in favour of an immediate reduction of import duties. They proposed to put imports that compete with trust-con-trolled products on the free list. They would make large reductions on articles that compete with American goods used for foreign dumping, and would also lighten the burdens on the necessaries of life. Finally, they suggested graduated reductions which should lead ultimately to a strictly revenue tariff. Eleven years ago, in Canada, tho Fielding customs tariff was enacted after a thorough enquiry into commercial and industrial conditions. It was enacted as a revenue measure, and it is claimed that it has greatly reduced the duties on many articles and entirely abolished them on many more, and that it is necessary to maintain the same duties from year Lo year in the interest of botyh manufacturers and importers. The Fielding tariff has proved itself a great revenue-producer.
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Bibliographic details
Evening Post, Volume LXXVI, Issue 124, 24 November 1908, Page 7
Word Count
332
AMERICAN TARIFF.
Evening Post, Volume LXXVI, Issue 124, 24 November 1908, Page 7
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