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CAMBRIDGE, MASS., U. S. A.
Reprinted with permission of the publishers by
COPYRIGHT, 1913-14, BY THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE
PRINTED IN THE UNITED STATES OF AMERICA
BROOKS, A. H. ' The Development of Alaska by Government
DAGGETT, S. Elsas' Ausnahmetarife. Review ......... 558
- Later Developments in the Union Pacific Merger Case . . 772
GANNETT, L. S. Bernhard's Unerwünschte Folgen der deutschen
HANEY, L. H. The Social Point of View in Economics. I, II 115, 292
ciples of Public Utility Valuation .............
phones. Note ...
Review . ::::
Bilgram. Review ...
A Year's Development ::::::::::::::::
SPRAGUE, O. M. W. The Federal Reserve Act of 1913 . 213
- The Tariff Act of 1913. ...
- The German Potash Law of 1910. Note .........
Business Cycles, Books on. By W. M. Persons. Rewiew
Clark . ... :
A. S. Johnson .
A. H. Brooks .
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Home Rule in Taxation. By H. Secrist ...........
Powell . ...::::: :minoin Contury.
Dietz . . .
By J. M. Clark . ...
Curtis . . . . . . . . . . . . . . . . . . . . . . .
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