New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-04-10

..pnn
goods ayfsgS % 1T 50 per 6r cent on 'OOOO
100000. Estimated consumption OF foreign. o,o..,,
goods. Average rate, 80 per cont. I'5u"OoI
Iloo20I98
The revenue from customs for the 0acal wear
tary Of the Treasury December B. 1870 ,,. 49,
was. 'u'i'' va
Estimated revenue and saving by the H 10 ,qs 90
ported 10y the Committed t Way and MtanSS lup 9 ~
Actual revenue ior last louOoD1yo W
Gain Of revenue. $0CG3GI5 70
Ia SCHEDULE D-SPIBITs AND WINES.
The alterations the tariff s wines IN this schedule
P 9asG G3 Ro Of Or more n last
The calculation Of revenue under the new tanH ON suh
wines Is O1,sa a., l|,'"s. es GAIL asa
sun wines paving g cents 999S0999
This schedule comprises tho sparkling wines and
spirits ETC. which viii produce the revenue estimated
(bl SCHEDULE F.-PRoy1sIoSs.
Nocharccs having made in this schedule thcrcycnuc
II IT, Therefore safe To assume tina, Will not &c
crease and thai s3,0OO0OO is q fair estimate
(c) SCHEDULE I.-sPICEs.
Tho revenue from spices in 1877 amounts 70 *72O77o Tho
I of l produce Tcyen1e OF 205 Prepared
ginger n6inded ia the schedule producing tIO2OJo under
Inc Old taTiI Included in schedule N.
IN SCHEDULE J-TOBAcco AND CIGARS.
The consg@Pon Of tobacco in l na; been 7&2 'I
last eight years. $780, ,,- A., -. .,.,.
yca s has 6ocn pounds Which F7s a8oiage
49, 29 aag hos iS c aS wa, ye M
estimates made are nevertheless low moderate
tarn win give sl,s52lO5 some $4,000 more than last
year
Therefore it IS evident that any objection to the bill
based pOu probable OF h without fOunla
ton The estimate above is based upon figures which
afford basis OF calculation Eight Years arc tgken
as the fairest ground Of estimate because they combine
four years Of great prosperity with four years OF depTes
sion. There be DO fear OF further decrease ~ I'M
portations arising from the reduction Of rates Every
largely Increased by the removal of the yeXattous
obstrctions existing IN the machinery OF GoItclGn
and the inducements thus anOlded winch Will operate
| TO slim laGc importation
FXPENDITUREs AND RECEIPTS.
Mr. Wood then said, even if there be loss of rev
enue under the BILL that is time that taxes be re-
duced. He referred to the payment of S370OO,OOO
or so year into the sinking fund, which myth
of expenditure" he said should be abolished or held
in allegiance until the taxpayers Of the country get
the benefit Of the alleged yerpayments into the
fund. He fixed the average expenditure at $780,
100000 a year, after tile remaining 5-2Os are
converted into per cents and gave the follow
! ing table to show where the money would come
! from:
! The total revenues for the year ending June 30, 900 ~
The REVENUES e. Tor The FIRST quarters Of the
present fiscal year gGds Apl Of T ina Tfts sr
! urY, am o-- ,oo On
| Fst nom miscellaneous sources. l4.jGO,2OiO4
| Estimating remaining quarter 6A'6ll,A4l IL
|
Est of secy for the year ending June 80 1879 2G92j00J0
Mr.. Wood continued:
IRON AND STEEL,
The prncpal opposition to a change in the tariff
Mates from the friends Of protection 10 the
ufacturing interests. Whatever may have been the
cuse originally for the governmental bounty TO the then
infant manufacturers 1t does not now exist and should
not be continued, because the necessity for 1t no
| longer remains They have reached so high degree
| Of excellence,
| not only need not fear foreign competition here.
maintain themselves IN other countries
against any opposition rivalry there TINS is the
fact especially with regard to the leading and the most
protected interests Tho IRON ana steel lhc Hooleh,
The cotton and the silk productions OF the United states
are now forcing themselves into foreign markets by no
other aid than their own superiority ana conceded
merit -,
Union by undue apprehension thar great injury TO
! the iron and steel manufacturers would follow any
bill, far 1t affects this Industry these appre-
tensions WIN cease The average reduction ia rates In
to be little TO any alarm on the ground OF loss
! OF protection The total loss OF revenue under ms
| schedule, If computed on the consumption Of 1877,
| amounts to $ll77l6.
The consumption OF foreign metals. iron, steel. and
manufactures has fallen from los In 1873, to
$lO222 22O IN 1877. The mean average for eight years
consumption OF these metals and manufactures thereof
amounted S33, 03O,76G per annum. The large falling
off in importation OF these articles may be properly
traced to two causes First the high duties ana te yeG
atiOus and cumbersome claSsitcatons and secondly 10
the wonderful progress and improvement which our own
country has made III similar manufactures 10 the lateI
cause in my Judgment may De attributed the principal
influence which operating IL Is quite certain that ine
expectation OF manufactured articles which under
this head has largely increased. According TO the
official returns issued by the Bureau OF Statistics NOyem
Der TO- 1877 she increase been fully equal
30 per cent for The niue months ending 3Oth sepem
Der last, over the preceding nine months OF 1876
The total exports OF iron and the manufactures of iron
for the fiscal year 1877 Ss,OS9j4O. thus showing
that the apprehension arising from the competition OF
foreign mechanics with American workmen has now lit
| tie force.
the cost OF skilled labor In the United States and Eng
land. IL was put In evidence before INC COnmllee OF
WAYS and Means, by Mr. Roach the celebrated American
iron shin ladcr, that he readily obtained WOrkmen III
Pennsy iyaua for from so to 60 cents per day; but
however this may be, n Is certain that our superior
| quckutss aud productive energy OunlcrbaIsucc any
| difference which may exist IN the price OF labor. MI
Isaac SOUTHERN Bell, VI. r. lie English Judge at the
| Centennial Exposition IN Philadelphia, in his report
upon Interest OF the United states Summarizes
1 his conclusions as fOllOwsi
i. That the powers OF iron production between the
years 1870 and 1873 increased IN tho United oal
lar beyond any possible requirements oil the country
O. That the high prices whch od TO this permitted ahd
induced the manufacturers 10 accCdG TO demands from
certain sections OF the WOrkmcn which now acting
| adversely the true interests OF the trade.
3. That the same causes rCactng the value OF the
raw materials along with the increased value OF labor
above stated have unduy added 10 the cost oil the
| non.