Word: wool
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Dates: during 1880-1889
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...Morrill bill in 1861. The object of the bill was to cause duties to return to what they were in 1846, and it was intended to be protective. Its distinguishing feature was the substitution of specific for ad valorem duties. The chief changes in the taxation were upon wool and pig iron. For the first time in the history of tariff taxation "compensating duties" were introduced. The general effect of this bill was to raise duties above those fixed by the bill...
...passed for the protection or wool and woollen goods. This act introduces the highest and most unreasonable of all tariff duties. Two years later an act was passed over President Johnson's veto, putting a high tariff on copper. In 1872 Mr. John Hayes proposed a reduction of ten percent. on all duties, a scheme which so pleased Congress that it was passed only to be changed, however, in 1875, when the tariff rate went back to what it had been prior...
Twenty-three persons were killed and twenty-eight injured during a panic in a wool factory at Bombay yesterday...
Found - On Tuesday evening at dinner time, near Memorial, a "Fowle's patent" wool-lined glove. Will the owner either send its mate or call for his property at the Tribune office, 3 Linden street...