Excerpt from Imported Merchandise and Retail Prices: Letter From the Secretary of Treasury Transmitting Pursuant to Request of the Senate Committee on Finance, a Report by the Treasury Department on Foreign and Landed Valuation of Imported Merchandise and the Retail Selling Price in the United States

These articles were manufactured in more than a score of different countries, including China, Japan, England, France, Italy, Germany, Czechoslovakia, Yugoslavia, Hungary, Belgium, Spain, Holland, Denmark, and Switzerland, where the cost of production and of labor are far below similar costs in the United States, due to a variety of conditions, from depreciated money to lower standards of living and sanitation, longer hours of work and child labor.

On the following pages will be found photographs of foreign articles and accompanying each the sales slip showing the retail selling price together with a brief report of the United States Government ap praiser of the foreign value, landed costs, etc., of these commodities When they passed through the United States customhouse. Th facts concerning the additional exhibits are given without photo graphs, although the original invoices and receipts are in the pos 'session of the Finance Committee.

In many cases the importer was also the retailer; in other cases, the importer has made his profit between the importation and the retail sale. In any event it will be noted that the landed cost to the im porter of any article limits the selling price which an American manufacturer could secure for a similar or comparable article. If goods from abroad can be landed at a certain cost to the importer, the American manufacturer will have to meet this cost in order to compete with these imported articles on the basis of that landed cost.

In submitting this report on the tariff exhibit to the Senate, the Finance Committee calls attention to the following facts established by the joint investigation of the Treasury Department and the committee.

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