Blogs and book

In
June, 1917, this firm, with the encouragement of the Government Bureau
of Foreign and Domestic Commerce, joined with some of the other American
producers to form a trade combination, the National Aniline and Chemical
Company. The Du Pont Company also entered the field on an extensive
scale and soon there were 118 concerns engaged in it with great profit.
During the war $200,000,000 was invested in the domestic dyestuff
industry. To protect this industry Congress put on a specific duty of
five cents a pound and an ad valorem duty of 30 per cent. on imported
dyestuffs; but if, after five years, American manufacturers are not
producing 60 per cent. in value of the domestic consumption, the
protection is to be removed. For some reason, not clearly understood and
therefore hotly discussed, Congress at the last moment struck off the
specific duty from two of the most important of the dyestuffs, indigo
and alizarin, as well as from all medicinals and flavors.
The manufacture of dyes is not a big business, but it is a strategic
business.


Pages:
115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139