Full text : Export debenture plan (Pt. 5)

318

AGRICULTURAL RELIEF

Mr. Taper. I am going to turn to another subject, the question
of aluminum hollow ware. I may mention that in 1920 the value of
imports for consumption coming into the United States was $422,000,
and the revenue on that $105,000; in 1921 the revenue was $168,000.
In each case the average ad valorem duty was 25. In 1922 a large
influx was coming in to try to get ahead of the tariff, and $345,000
in revenue was paid; or, during the last three years, under the old
law on aluminum kitchen ware $619,149 was collected in revenue.
Under the new schedule during the last three years we collected only
$298,009. Ir other words, the net loss in revenue—and the majority
of this committee voted for this schedule and the President signed
it, was $391,140. You benefited the aluminum manufacturer but you
keep money out of the Treasury.
Mr. Swank. You remember how the Republican Party members
voted for that.
Mr. Taper. I said the majority. I do not know your politics.
Mr. Kinocmrroe. The majority in numbers, do you mean? In
other words, that is practically a prohibitive tariff for the benefit of
the industry in this country. Do you think that was a good
provision ?
Mr. Taser. I am not discussing the provision.
Mr. Kincueror. I was just wondering whether that helped the
housewives of America, the farmers’ wives that used aluminum.
; Mr. Taser. I am talking about a system to bring the tariff to the
armer.. .
(The statement submitted by Mr. Taber, D-2, is as follows:)
Effect of high tariff rates on total duty collected—Aluminum hollow ware

[U. 8. Tariff Commission]

aa

L127 | ——
1921.
199° TTTTTTRTTT TmmromommomomoEnmes

Value of
imports

$422, 024
672, 239
=oN £02

Duty
rollected

$105, 506
168, 060
DAF EO

Equivalent
 ad
valorem
rate

25
25
45. 43

C

1925...
1926. ____.
1097

77.19
78.30
oa

2 N00

Net loss in revenite £201 140

We will take up another schedule. During the three years—1920,
1921, and 1922—under the low schedule on pocketknives and penknives
 we received in revenue $1,278,652, and the average ad valorem
equivalent was 57 per cent. We raised the tariff resuting in an
average ad valorem equivalent of 115, and the revenue was $923,868,
a net Joss to the Treasury of the United States of $354.784.
            
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