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DECEMBER 14, 1896.-Referred to the Committee on Finance

and ordered to be printed.

WASHINGTON:
GOVERNMENT PRINTING OFFICE.

1896.

TABLE OF CONTENTS.

I. ADDRESS OF Hon. B. F. CLAYTON, PRESIDENT.

1. Imports of farm products.

19

2. Exports of farm products.

19

3. Protective duties asked for.

20

II. CONSIDERATIONS IN FAVOR OF PROTECTION FOR AGRICULTURE PECUL-

IAR TO THAT INDUSTRY.

20

III. FARM PRODUCTS ON WHICH PROHIBITORY DUTIES ARE ASKED.

21

1. Nineteen products specified.

21

2. Considerations as to cotton, footnote 2

21

3. As to sugar, rice, oranges, etc. Bounties, etc.

22

IV. THE WOOL INDUSTRY

24

1. Effect of tariff legislation..

24

2. Effect of tariff on prices of wools, footnote 6; and see introduc-

tion to this chapter

25

V. DEFECTS IN THE WOOL TARIFF ACT OF 1890

27

1. The "skirting clause”-Its effect. See footnotes 7, 12, 16; see

also Chapter II, of this document, footnote 25.

63

2. American woolgrowers can supply all needed wools, footnote 8. 28

VI. THE RATES OF PROTECTIVE DUTIES ASKED FOR.

28

1. They are shown to be just, footnotes 9, 16.

30,40

2. The gold premium considered, footnote 9..

30

3. Footnote 9, subdivision 9, shows the necessity for an increase of

the rates of duty by reason of the decline in the world's prices

of wools since 1891..

31

VII. EXTRA SESSION OF CONGRESS

31, 68

1. Reasons in support of it, footnote 10.

31

2. A solution of the mode of dealing with the wool tariff by the

Boston American Wool and Cotton Reporter, footnote 10.... 31

VIII. THE DINGLEY TARIFF BILL-Objection to it.

33

1. It will only give to merino wool a protective benefit of about 2.6

cents per pound. (See footnote 11.).

33

1. Six reasons given in footnote 11

33

2. A threatened danger, footnote 11.

33

3. The measure of protection suggested by Justice, Bateman

& Co., footnote 11.

33

IX. AD VALOREM DUTIES INSUFFICIENT.

34

1. Discussed, footnote 11a; see also Chapter II, post...

35

2. Third-class wools used to manufacture clothing goods, footnote 11a 35, 36

X. FOUR AMENDMENTS TO THE DINGLEY BILL ASKED FOR..

35

I.-" That theóskirting clause’of the act of 1890 shall not apply to it. 36

II.-Strike ont the pledge thereon that it shall continue iu opera-

tion until August 1, 1898'.

36

III.—That the duties on woolen rays, shoddy, mungo, flocks, noils,

wastes, and other adulterauts be made prohibitory.

36

IV.-That wool and wool manufactures shall not remain in bond

warehouses more than 10 days”.

36

Reasons for these:

1. The “skirting clause".

36

1. As to the skirting clause see footnotes 7,11..

27, 33, 38

2. The FORM of AMENDMENT as to skirting clause, foot-

note 11.

33, 36

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