COAL-TAR 71 



by financial income or avoirdupois output. It does not 

 compare in these respects with such chemical industries 

 as steel-making, glass-making, sugar-making, or cement- 

 making. The coal-tar dyes manufactured in the 

 United States in 1921 were valued at $32,40x3,000, but 

 the chewing gum manufactured was worth or was 

 sold for much more ($51,240,000 in 1919). 



But 1921 was an off year all around. Let us rather 

 consider the famous year of 1920 when the United States 

 manufactured 88,000,000 pounds of dyes valued at 

 $95,000,000. This is nearly as much as we imported, 

 chiefly from Germany, in 1914 when we did not have 

 any dye industry to speak of. We exported American- 

 made dyes in 1920 to the value of $30,000,000, which is 

 a big advance over 1914 when we exported only $400,000 

 worth, and considerably higher than 1921, when we ex- 

 ported $6,270,000 worth. Still our home industry is 

 not yet sufficient to satisfy our needs for all kinds of 

 dyes, so in 1921 we imported about 4,000,000 pounds of 

 dyes valued at $5,000,000, about nine tenths of which 

 came from Germany and Switzerland. Besides dyes, 

 the United States manufactured in 1920 coal-tar 

 medicinals to the amount of 5,000,000 pounds and the 

 value of $5,700,000, and perfumes and flavours to the 

 amount of 100,000 pounds and the value of $300,000. 

 Whether this infant industry will thrive or decline under 

 the new tariff law remains to be seen and does not con- 

 ct rn us here since we are considering only the influence 

 of these products on the world at large. The figures 

 and facts given are sufficient to show how rapidly a new 

 industry, created out of a waste product, can assume in- 



