The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-12
ANorHEE REvrNUE MEASURE.

completed his tariff bill and win Introduce il in
the House tomorrow. In explanation of its
terms and scope. he makes the folow wing state
ment:
''The bill repeas the entire internal tax
on tobacco and fruit brardies It
also repeals the license tax on whole.
sale and retail lquor-dealers, leaving
these recommended by jefferson so that the
State authorities might adopt them. Il makes
alcohol used in the arts free. and reduces the
tax On whisky so cents a gallon. On the tar
III, the bill is careful and complete revision of
the whole tariH system. 1t carries the free
list large number of articles paying duties
and which enter into consumption either as
raw material or otherwise, and in the production
of which there is.no injurious competition be-
tween this and other countries In the revision of
the tariff, the aim has been intelligently 10 ap-
ply consistent principles to all branches of in
dustry, and IN so doing our industrial system
has been considered a whole, and differing
from other Industrial systems in the important
fact that the labor in this country received q
larger share of the annual products OF labor
and capital combined than in any other country.
Tins itDpor tant advantage to the labor interests
OF the United States the bill aims to preserve
throughout. while at the same time, in fairness
to all interests stated in thu Chicago plat
form aiming to reduce and equalize' the duties
imports. The principles applied to the re-
vision of the tariff in this bill are, rst that the
difference in cost of producing commodities in
this and other countries where there is no eli
matte or other natural causes why they cannot
be produced abundantly in this country, has
been studied and everywhere adhered
to-, as the cardinal principle to be
enforced in any revision of the tariff. In such
scheme all industries. of course. should stand
on an equal footing. and in instance should
the power OF government be used to elevate
one above another. In other words, our in
dustrial system must be considered as a whole,
in which al participate and share its benefits.
whether they are engaged in one industry or
another. One principle of great importance has
heen kept constantly in view. and that is the
line which marks the difference in cost OF pro-
ducing commodities here and abroad--in other
un~60 @f2 H. g g.
always. necessarily above the point of maxi
mum revenue. Consequently. to reduce the
duties on any commodity below the line Of diff
ference in cost which, as stated. is the line
Of even composition, until the line OF maximum
revenue is passed, necessarily increases the
revenue. On the contrary. to raise duties from
the line of maximum revenue by lessenine inn
portations, reduces the revenue This principle
has been kept in view throughout the bill In 1
the adjustment of duties. TO determine iuatast
Whefe the tIne OF difference IN cost falls. is of
course in many instances difficult; but it may |
be safely assumed, when i'm portations in any |
line OF commodities are large and increasing,
and no good reason appearing why the things |
eannob as well be produced here. that such /
duties are below the cost line and that ad- /
dnction in the same line is diminished or sns- |
pended altogether in this country, i
1t becomes proof positive that the /
advantage is too great 10 be overcome vithout a
read iustment of duties In such casas-em-
hracing, however, but few artlcles-shere has /
been 10 hesltancy, in preparing this bill to raise
their place abreast with others in the country.
Where importations light and decreasing, it
may consistently be assumed that the duties are
quite high enough. and, in many cases NAV bs
safely reduced and in case the industry is of
such nature as to permit trusts and combina-
tions OF any kind to raise prices above the level
Of prices or profits nc other industries. then is
becomes important that the line should bs
closely adhered to; and that has been the aim in
THIS bill III the industries where trusts or COM
oinations are supposed to have such power. L
n llr
his rule rigidly where prices regu-
ated through free competition; in such
principles, the tendency is always to a general
evel in profits, wages and prices in any indus
rial system. In working out the details Of the
dill under these principles. the aim has besn to
rare closely and adjust Carefully the different
cnedules, with the object always in view TO
over duties wherever possible and rednca the
evennes, being careful at the same time, to
lurt established industry.
''Ths estimated reductions under this bill will
'e: On internal taxation repealed $40, 600 900;
stin atsd reduction on tariff schedules $2o 000-
Ou The bill Is the result of great labor and in
ustry. and framed after the fullest Inqniry
md conference with those directly interested.
The rates will not suit many of those engaged !
q manufactures, but are deemed fair and a |
roper resnonse to the demand for reduced rates
n tariff laws
The bill is fully twice as lonO as sha Mills hal
nj relates TO many more subjects. The follow
ng are some of the more important provisions:
The taxes on manufactured tocacco, snuff, cigars
&
uired by law to be paid bv manufacturers Of and 1
callers in leaf tobacco retail dealers il leaf tobac
nuf and cigars, and manufacturers of snuff and
lgars are repealed after July l. and all stamps
All laws imposing internal revenue tax upon j
oirits distilled from apples peaches other fruits
re repeated from the first day of July.
All laws which impose any special taxes upon manu-
lcturers of stills, wholesas and retail liquor dealers
.pealed from the 1st of July.
The Secretary of the Treasury shall grant permis-
IN anu H-o0 sr1xs xs<1,.cI Il a
raw from bond alcohol spirits containing al
'hoI subject to internal tax in specified Z
e payment of the internal revenue tax on the same
on the spirits from which it may have been dis. d
irsuts as shall be specified in the permit. Penal
ss provided for violation of the above provis
ntainng less than zig cent. alcohol shall not be
bject to internal revenue tax The or distilled
wed to that which has paid the present tax out of
e treasury. t
The most important changes in the chemicals a
ction are as follows: i
Alcoholic perfumery So per gallon and o. ~
Mt ad valorem Borax refined, 3 cents. Rowan. =
rtland and other hydraulic cements. cents. chlo- L
nts. Coal-tar, 10 cents per pound and
, per r,,s:. cent Sd 90 vslosem- Ether. .aiphars
me- glue. etc. 20 per cent sd vaEora ena InSso sl Is
tracts = Of Of cent per pound carmne 10 cents. II
lion; castor OIL 40 Plaster Of paris ground
30 per ton Soap. CASTLE: III cent per pound; P
und. Turpentne, spirits. Is cents
All OF the above are reductions The chief :,
rthen and glass ware changes are in nearly ev- =,
= instance reductions. On metals the chief | 4
anges are as follows: I
Anthony, s. of cent per pound; copper ores Ila o.
1t in each pound of ne copper contained, old COP
and clippings Ter remanufacture cents compost vv
metals aud ingots plates hars 2lo cents iron n
) 20 cents per ton as at present. new provision -
added, forbidding deductions IN duty on account of
istEre Pigiron is unchanged; bar iron rolled or '
nrnered. comprising flats less than inch vide
less than % Of one inch thick of one cent
pound; round iron not less than u of an inch in Il
meter and square iron es9 than 81 OF one inch
aare 9lO of one cent fats less than ne inch wide
less than s. of one inch thiek round iron less than
OF one inch and not less than z I6 of one inch in =,
meter. and square iron less thAa at of an inch =
sare, can't round iron ia coils or p
ls, less than 7-16 OF one ipch II q
meter, / 3-10 cent; rolled iron or steel fence in
. rods coils o. loops, valued 81 OF less b,