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The Owosso Times
Owosso, Shiawassee County, Michigan
What is this article about?
A cargo of 150,000 bushels of flaxseed from Argentina was delivered to Duluth, Minn., via New York, canal to Buffalo, and lake to Duluth, destined for Minneapolis. This import, enabled by the Underwood Tariff reducing duty from 25 to 20 cents per bushel, increases foreign competition harming American flaxseed growers in Minnesota.
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A cargo of 150,000 bushels of flaxseed from Argentina has recently been delivered at Duluth, Minn. This cargo was first received at New York and was then shipped by canal boats to Buffalo, whence it was carried by lake to Duluth. Its final destination was Minneapolis. This is a new departure in the trade, says a Duluth dispatch to the Chicago Post. Yes, it is; a new departure made possible by the Free Trade Tariff schedule of the Underwood law. The flaxseed growers of Minnesota had no such competition from Argentina under the duty of 25 cents a bushel in the Protective Tariff of 1909. The Underwood Tariff cut that duty to 20 cents a bushel! Why? In order to increase foreign and thereby break down American prices. That was the purpose distinctly declared by the Free Trade framers of the Underwood Tariff. Result, a cargo of 150,000 bushels of Argentina flaxseed that should have been grown by American farmers.
That is what comes of depriving American farmers of Tariff Protection. - American Economist.
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Where did it happen?
Domestic News Details
Primary Location
Duluth, Minn.
Event Date
Recently
Outcome
increased foreign competition from argentina flaxseed import, reducing protection for minnesota growers under underwood tariff reducing duty to 20 cents per bushel from 25 cents.
Event Details
Cargo of 150,000 bushels of flaxseed from Argentina delivered at Duluth, Minn., after routing through New York, canal boats to Buffalo, and lake to Duluth, destined for Minneapolis. This new trade route enabled by Underwood Tariff's free trade schedule, declared to increase foreign imports and break down American prices.