dearth of statistical data submitted by interested parties. But unfortunately, there has been very little effort toward dispassionate investigation of the concrete effects of tariff legislation from the point of view of the public welfare.
The studies of special commodities, together with more general discussions which are now in prepara- tion and which will be based largely on the evidence adduced in the, commodity studies, are designed to meet this need. The purpose of each commodity study is primarily to clarify the reader's mind with respect to the actual relation of the tariff to the industry in question. Pertinent facts are brought out relating to the character, importance, and geo- graphical distribution of the industry. Answers are made to the questions: What has been its tariff history? What is the present situation with respect to the burdens and benefits of the tariff? What would be the probable effects upon the industry and upon the public of a change in the rate? Finally, in the light of all the evidence available a conclusion is arrived at as to what ought to be done.
In all matters except the conclusion the study need make no reference to general tariff policy. Each specific case can be studied simply on its own merits. In some cases even the conclusion may be arrived at without giving consideration to general principles of tariff policy. The facts may point so clearly to the futility or to the ill effects of a duty that its removal appears desirable from any point
-x-
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Publication Information: Book Title: The Tariff on Wool. Contributors: Mark A. Smith - author. Publisher: Macmillan. Place of Publication: New York. Publication Year: 1926. Page Number: x.
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