Metallurgical and Chemical Engineering, Vol. 15: From July 1 to December 15, 1916 (Classic Reprint) - Softcover

E. F. Roeber

Softcover

ISBN 10: 1333004192 ISBN 13: 9781333004194

Publisher: Forgotten Books, 2020

Synopsis

Excerpt from Metallurgical and Chemical Engineering, Vol. 15: From July 1 to December 15, 1916

The Kitchin bill proceeds from the admission and premise that the Underwood and all like dollars created no industry to the conclusion that will create a complete self-contained and self-sustaining industry in this country. We know that the Underwood dollar, and all similar preceding dollars, might just as well have been thrown into the sea for all the real domestic indus try they created; the Kitchin bill's may merely be throwing good money after bad; we are told that the Hill bill's may be the same, but not probably.

That is the dollars-and-cents view of the proposed legis lation at Washington.

Again, we are similarly told that protection in order to protect this industry must protect it all the way round. The Hill bill does that; the Kitchin bill does not. If you were building a high board fence round your vegetable garden to keep your neighbors' chickens out, would you build three-quarters of the fence so that it went well into the ground, and leave the other quarter 3 ft. From the ground, on the theory that the chickens would not find this weak Spot in your fence? In ex empting anthracene, alizarin and indigo dyes and indigo from the surtax, that is precisely the theory on which the Kitchin bill proceeds, and it offers, at the suspended portion of the fence, an added bait for the chickens, by threatening to remove the surtax unless 60 per cent of the value of our total consumption is produced in this country within five years. That is about the same as if, in addition to building the fence as just described you industriously sprinkled a lot of chicken feed so that it leads directly to this hole in your fence. That is the strategy of the Kitchin bill.

How shall the domestic value be computed? Shall the foreigner be allowed to add to his invoice value, duty, surtax, and any other usual charges? If so, he is given a considerable advantage over and beyond the 27 per cent start the Kitchin bill proposes to give him; this start may become 35 per cent and all the foreigners have to do would be less than 5 per cent additional work.

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Edition details

• Publisher: Forgotten Books
• Publication date: 2020
• ISBN 10: 1333004192
• ISBN 13: 9781333004194
• Binding: Paperback
• Language: English
• Number of pages: 728