About the Book
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1891 Excerpt: ... THE EFFECT OF PROTECTION ON THE COST OF WOOLLENS. On Nov. 24,1890, the Chicago Tribune quoted, as from a previous issue, the following tables, asserting that "their accuracy has not been impeached." It then said: "The figures cover not merely woollen cloths, but hats, blankets, carpets, and those mixed goods of which cotton is the warp, and wool the woof--they embrace all the wool used in the country." 1880. Value woollen goods manufactured, .. $340,868,221 With 10 per cent wholesaler's profits added, .. 374,933,043 With 25 per cent retailer's profits added, making cost to consumers, ..... 468,666,310 Value woollens imported, 1879-80... 33,613.902 Duties on above, ..... 28,341,000 Value plus duty, ..... 56,954,902 Cost to consumers, plus 35 per cent, retailer's and whole-saler's profits, ..... 76,889,117 Total cost to consumers of domestic and imported woollens, 545,555,427 "The population having increased nearly 30 per cent since 1880, the above figures are increased by 30 per cent to correspond with the present time." 1890. Value woollen goods manufactured, .. 1443,102,687 With 10 per cent wholesaler's profits added, . 487,412,955 With 25 per cent retailer's profits added, making cost to consumer, ..... 609,266,193 Value woollens imported, 1888-89, ... 49,117,737 Duties on above, .... 34,658,000 Value plus duty, 83,775,737 Cost to consumer, plus 35 per cent, wholesaler's and retailer's profits, ..... 113,097,244 Total cost to consumersof domesticand imported woollens, 722,363,437 Turning now to the issue of April 12, 1890, in an editorial headed: "The Immense Benefit of Free Wool," these tables are found that follow the preceding, thus prefaced: "The following tables show what the cost would have been to the consumers in 1880 and 1890, if the duties on imported wool...
