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DAGGETT, S. Elsas' Ausnahmetarife. Review ........ 558
Later Developments in the Union Pacific Merger Case ... 772
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Industrial Bounties and Rewards by American States. By F. W.
Long and Short Haul Clause, Some Economic Aspects of the New.
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NOV EMBER, 1913
THE TARIFF ACT OF 1913
The principle of a “competitive tariff,” 1. — “Legitimate" industries, 3. — The Tariff Board and the methods of revision, 5. — Sugar duty lowered at once, to be abolished after three years, 8. — Wool free, 11; lower ad valorem rate on woolens, 13. — The probable consequences, 15. — Moderate rates on cottons, 17. — Comparatively high rates retained on silks, 20. — Other changes: pottery (23), iron and steel (24), free list extended (25). — Administrative sections strengthened, to prevent evasion of ad valorem rates, 26. — Many reductions will be only of nominal effect, 28. – What the future may bring, 29.
THE Tariff Act of 1913 is described both by friends and enemies as a radical measure. It is said not only to lower duties, but to introduce new methods of assessing them and to rest upon principles essentially different. How far can it be said to make sweeping changes ?
The new principle of which most has been made by the advocates of the act is that of a “competitive tariff.” In 1909, the Republicans had professed to act on quite a different principle, – that of equalizing cost of production. These two have been set forth by both sides as starting from opposite poles in the