Jasper County Democrat, Volume 11, Number 36, Rensselaer, Jasper County, 7 October 1908 — WHAT CONSTITUTES “REASONABLE PROFIT?" [ARTICLE]

WHAT CONSTITUTES “REASONABLE PROFIT?"

Mr. Taft says the tariff duty on pottery should be raised. And this statement perhaps gives a line on what the people may expect in the way of tariff revision if he should be elected to the presidency. By reference to Census Bulletin No. 57, page 88, we find that the total labor cost of manufacture of pottery is 39% per cent of the value of the finished product Schedule B, paragraphs 95 and 96, of the socalled Dingley law, fixes the duty on pottery at 60 per cent. Now suppose ~the foreign manufacturer got his labor free, the American manufacturer would still have 20 per cent, plus the rreight, advantage over the foreigner. Does it require more than that to make up the “reasonable profit?”