Agricultural relief: Export debenture plan

Export debenture plan (Pt. 5)

Bibliographic data

Multivolume work

Identifikator:: 1831932415

Document type:: Multivolume work

Title:: Agricultural relief

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Collection:: Economics Books

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Volume

Identifikator:: 1831934671

URN:: urn:nbn:de:zbw-retromon-232129

Document type:: Volume

Title:: Export debenture plan

Volume count:: Pt. 5

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 299 - 427

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Statement of Louis J. Taber, master national grange, Columbus, Ohio

Collection:: Economics Books

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

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