AGRICULTURAL RELIEF

317

Mr. Taser. Just a minute—a net loss per month of $34,986, or
a total net loss in 21 months of $734,706 in revenue. I am for it.
[t saved the American dairy industry great losses. It was of valve
to the farmers. But I first want to show that by raising the tariff
so high that butter does not come in we will keep money out of the
Treasury, and you do it under the operation of the tariff.

I will take up another exhibit——

Mr. KincueLoE. Take wheat. You admitted awhile ago you did
not think a tariff on wheat at 42 cents was effective to the American
farmer ¢

Mr. Taser. I did.

Mr. KixcueLoe. What are you going to do in this bill? Are you
going to raise it higher?

Mr. TaBer. No; we are going to make the tariff effective under
the export debenture.

Mr. KercaaMm. You would not go so far as to say the tariff is not
effective ?

Mr. TaBer. No; I would not say that, but it is not 42 cents effec-
tive. But the point I want to get over there is that high protective
rates—my friend Fort will agree you can raise a rate so high that
vou keep goods away; and when you have the rate sn» high that
vou keep goods away you keep the revenue out.

(The statement submitted by Mr. Taber, D-1, is as follows:)

Effect of high tariff rates on total duty-collected butter—Imports for
consumption
"1 'ZR LU CENTS A POUND TARI:"
18. Tariff Commission}

ax

92
928
1926 ...

“IY

Fa)

mborts nnder Rf cents rate

Pounds
mported

20, 809, 638
9, 279, 309
6, 861. 435
1 278 024

+i.

Value of
imports

37, 543, 698
5,958, 372
2, 533, 219
i 1A Av

31 a7t

Duty
rollected

$1, 664, 771
L542, 345
548, 915
2,2 IR?

15

Kquiv-
alent
ad va-
lorem
rate

22.07
22. 17
71. 50
0) 66

50,226,406 pounds inported at 8 cents a pound yielded $4,018,113 for a period of 39 months
Average monthlv revenue under 8 cents a pound rate—3103.029.
JDERI12CENTS A POUNDTARIFFE

1926 (9 months). ___
1927 .__..
Total imports under 12 cents taritr

Pounds
mported

Value of
\mports

Duty
ollected

Fquiv-
alent
ad va-
orem
ate

59
32
11,907, 423 pounds imported at 12 cents a pound yielded $1,428,892 for a period of 21 months.
Average monthly revenue under 12 cents 8 POUNd TALE. - «coo oem ae eee eo memoeee me $68,043
Average monthly loss to Treasury under 12 cents rate as compared with 8 cents rate... ........_ 34,986
Loss to Treasury for 21-month period 734. 706