OCR Text |
Show H J. V. Fprdney Shows Need ' B For United States Valuation H Congriitman Poind Out Neeei H 'ally for New Syttem Incorporated j In Tariff BilL B "We are importing at the rate of H about $300,000,000 worth of forciun Soods per mouth jtito .the United tatei," declares Congressman J. W. H I Fordney, Oiairman of the House H Ways and Means Committee. "Most H t of those goods could be made here. H' There is not a manufactured article H produced in the United States in H which the labor cost is less than 90 H per cent of the total cost I mean, H, following the raw material from j. start to finish. Now, if that ia true, of the $300,000,000 that we arc send- H Ing abroad each mumh to buy for- B ign made goodi. $250,000,000 Is H going out from the 'people of the B "" United States to employ German, H French, English. Japanese and Clil- S nese labor, while our laborers are H walking the streets in idleness. H "Under free trade we must come M to a common level somewhere, if we H compete with all the countries of the B. world. Today German labor is get- 1 ' ting from 60 io 65 cents per day in m gold for ten or twelve hours. Jaian- B cse and Chinese labor today is from ' 12 to 18 cents per day in gotd for i twelve hours' wurk. If we had to be B placed on a par with the imports m from those countries, do )ou believe ' we cquld lift those foreign countries 1 up to our standard of living? Not at M all. We have got to come down to a M common level somewhere, but we a-c H not ready to do that, and wc are not H going to do it. M ' 'Revision Demanded 1 "Tlie people of tlia country are dc- 1 manding tariff revision. Sxm people M say that Canada will retaliate. Cati- H! da is the best customer e have in the world, on the basis of population. Hi There is no place in the world where H our balance of trade is stronger than 1 , in Canada. Canada has no reason to Hi complain about the rates fixed in the HI; new tariff bill; none whatever. I Hb ' stall tell you why. "Last ear Canada collected $1950 H in import duties for every man, wo- Hi man and child in Canada. Great Drit- Ht atn, the great free trade country of Hf, the world, or said to be, collected ' 11650 per capita, or $728,000,000. Wc H. collected $.1.15. Little Japan is col- H; lecting at the rate of 20 per cent, ad HJ . valorem upon all her imports, duti- H able and tree. We have the lowest H duty of any principal country on the Hf face of the earth right now, and H kavc had, since 191 J. rf,!ffiftsmrssii?sfr K i ' 'SMSBBBBBBBBBBBBBBBBBBBBsl BBBBBBBBBBBVBBBBBBBBBBBBBBBBBBH BSBBBsf"" SBBBBBBBBBBBBBBBBBBBsl bbbbbbbh sbbbbbbbbbbbbbbbbbbbbbbbbbsi "IIbIsbbbbbbbbbbbsbbbbbbi Copyright, tfmltrvoo.1 ft VmUrrned r Congressman X W. Tordney, Chairman of House Ways and Means Committee. . "Sonic people are oppositcr American Ameri-can a!ur.kit, cnic i f the g tit importers im-porters of the couu'ry. Some of them hae scut nut circulars appealing appeal-ing to the mcrcliau s of the country, the manufacturers, to appeal to their congressmen and their senators to oppose American valuation. Why? I shall tell j on win. Last car in the customs office of New York alone there were fifty-four hundred cases of under valuation, and this year they are running at the rate of five hundred cases a month. "Why do foreigners who export to this country, or people of this country coun-try who import from foreign countries coun-tries undervalue? Ilecause they pay less duty. Profit is made in the duty if they can import at fifty cents on the dollar of the real value of the goods." |