The American Protectionists Manual
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In our eReader you can find the full English version of the book. Read The American Protectionists Manual Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The American Protectionists Manual
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'"' Along with this effort to make wages appear less than they are is another to make the employer's profits appear too large, and so make out a case against the "protected monopolists. " They take, for instance, the census figures of the iron and steel industry, and this would be the mode of state- ment : Value of materials used $191, 271, 150 Total wages paid 55, 476, 785 Total cost of product $246, 747, 935 Value of product $296, 557, 385 Deduct cost 246. 747, 935 Profit $49, 809, 450 This i...s 22 per cent, on the capital of 1230, 971, 884 invested, hut insurance, decay and interest are left out. Does an iron mill, or a woolen mill, last forever ? Suja- pose it to last twenty-five years. The annual loss is four per cent. , and all these items which are not counted can be reckoned as twelve per cent, at least, leaving ten per cent, net profit instead of twenty-two per cent. Tliis is a good profit in a prosperous year, and helps to make up years in which such mills paid nothing. It may be said, wages are higher in England tlian in protective Germany, and this sliows that they are not affected by free trade or protection.
What to read after The American Protectionists Manual?
You can find similar books in the "Read Also" column, or choose other free books by Giles Badger Stebbins to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
'"' Along with this effort to make wages appear less than they are is another to make the employer's profits appear too large, and so make out a case against the "protected monopolists. " They take, for instance, the census figures of the iron and steel industry, and this would be the mode of state- ment : Value of materials used $191, 271, 150 Total wages paid 55, 476, 785 Total cost of product $246, 747, 935 Value of product $296, 557, 385 Deduct cost 246. 747, 935 Profit $49, 809, 450 This i...s 22 per cent, on the capital of 1230, 971, 884 invested, hut insurance, decay and interest are left out. Does an iron mill, or a woolen mill, last forever ? Suja- pose it to last twenty-five years. The annual loss is four per cent. , and all these items which are not counted can be reckoned as twelve per cent, at least, leaving ten per cent, net profit instead of twenty-two per cent. Tliis is a good profit in a prosperous year, and helps to make up years in which such mills paid nothing. It may be said, wages are higher in England tlian in protective Germany, and this sliows that they are not affected by free trade or protection.
What to read after The American Protectionists Manual?
You can find similar books in the "Read Also" column, or choose other free books by Giles Badger Stebbins to read onlineMoreLess
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