A 1912 review article by economist F. W. Taussig of the U.S. Tariff Board's four-volume report on wool and woolens. It discusses how the Board calculated the cost of wool production in three U.S. regions (general farming, western range, and Ohio), the case for or against the wool duty, and the Board's recommendation to assess duties on scoured content. It also covers the woolen manufacturing section, the compensating duty system and Schedule K, and the reliance of American worsted mills on imported machinery. The content is tariff economics rather than technical textile material.