OCR Text |
Show No Demand, No Market Tariff reductions on or the freo listing list-ing of articles do not always work out according to calculations. If there Is no demand for such articles tho lowering or removal of tariff duties accomplishes nothing. The case of lace making machinery Is an Illustration. Illus-tration. In tho tariff ot IOiiO bucIi machinery bore a duty nf 45 per cent with a spcc'al provision that no duty thould be paid on Imports up to January Jan-uary 1, 1511. In the tarltf of 1913 the duty on lace making machines vau reduced to 25 per cent The exemption ex-emption from duty In the act ot li'OU wfls Intended to promote the lace manufacturing man-ufacturing Industry In tho United Mates. It had no such effect. Neither Neith-er Old the tarltf reduction to -' per cent in the Underwood Uw, Ono ot the largest of American concerns Imported Im-ported over $100,000 wortu, foreign Aallie, ot lace making machines, and other concerns made largo Importations. Importa-tions. The bulk ot these Importations have never been taken out ot bond. Theie Is no market for them. For two reasons: First, because even at a duty of GO per cent on laces lui-rtgu lui-rtgu manufacturers, paying one-third the American wage rate, could indrr fgiI the American manufactuicrs. Sfccnd, because In these times of free trade depression American purchasing pur-chasing power has fallen oft. Amer-cans Amer-cans are not able to buy as many laces as they were In protection prosperity pros-perity times. |