Under our present laws more than 4,000 articles are subject to duty.
Many of these do not in any way compete with our own manufactures, and
many are hardly worth attention as subjects of revenue. A considerable
reduction can be made in the aggregate by adding them to the free list.
The taxation of luxuries presents no features of hardship; but the
necessaries of life used and consumed by all the people, the duty upon
which adds to the cost of living in every home, should be greatly
cheapened.
The radical reduction of the duties imposed upon raw material used in
manufactures, or its free importation, is of course an important factor
in any effort to reduce the price of these necessaries. It would not
only relieve them from the increased cost caused by the tariff on
such material, but the manufactured product being thus cheapened that
part of the tariff now laid upon such product, as a compensation to
our manufacturers for the present price of raw material, could be
accordingly modified. Such reduction or free importation would serve
besides to largely reduce the revenue. It is not apparent how such a
change can have any injurious effect upon our manufacturers. On the
contrary, it would appear to give them a better chance in foreign
markets with the manufacturers of other countries, who cheapen their
wares by free material. Thus our people might have the opportunity of
extending their sales beyond the limits of home consumption, saving them
from the depression, interruption in business, and loss caused by a
glutted domestic market and affording their employees more certain and
steady labor, with its resulting quiet and contentment.
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