Idaho news. (Blackfoot, Idaho) 1887-1891, 1888-10-20

m. Majority .aud Minority Reports on ne
Measure.

declares the demand for a careful ana
thorough revision Of the revenue laws
| imperative.
| First-To reduce tile national reye-
nues, which are now excessive.
Second-To protect tho honest i'm
porters and domestic producers from the
disastrous consequences resulting from
fraudulent underyamations OF imported
merchandise ON which al yalorem duties
are levied.
Third-To remedy tho defects, anon.
olies and inconsruities which have been
from time 10 time discovered in the
tariff schedules or which have been
created by erroneous decisions OF the
| treasury department.
Fourth-ro secure proper resdiust-
ment and equalization Of the tariff rates
! rendered necessary hy tile modified bus
| mess conditions improvements ia meth
! ODDS Of production, radical changes in
4 prices or hy new elements ~ sources of
| competition 10 give relief and protection
10 many industries nov suffering on ac,
count Of tho Inadequate rates lsyied on
competing products
The public demand for reduction OF
the revenue, the majority SAYS, Is more
urgent on account Of the tntxcuaabie Te-
trutipu in the nations. treasury or on
deposit in national backs OF Hst sums
of money in excess u iAe amount 70
quirel H. pay the current demands upon
the treasury and ~ meet maturing ohli-
cations Of tia government lhis sttTn,
with the additions which will accrue
within four months aud before any leg
lslatlye action reducing the revenues
can be effective. ii declares, will be sufii-
cient 10 pay in full the outstanding Al
per cent bonds due Ia 1891 So BOU, 010
This accumulation. IL insists, cOnld and
should he prntitably avoided and shs
probability Of business disaster ayeFted
10y prompt rrtuFR Of the money col.
lected from the people 10 the channels
OF trade through the purchase VI United
states bonds that could at all times DO
obtained Ut prices which 10 the govern,
ment would have been eqnal 81 an in.
vestment uf the otherWist. Improbable
fund, Mt a rate " interest N not less than
2 per cent, The majority expresses its
conviction Of the inaiequaev ol the
house bill rs q remedial measure for
these reasons
First That II would probably increase
instead Of diminish ths revenue.
Second-It provides NO remedy for
underyalnAtious. but on the CONTRARY in.
yites and gives immunity 10 fraud by
substituting al yaloTCtn Tor specific du,
ties
Thiri-It does not remedy auv IN.
saa.
fect5 ol the existing law, III foreign
manufacturers should, tbs majority mys,
through Tie changes made ia tho cotton
and wooden schedules, secure quarter
OF thu runrsrt uuw held iy tas, Nmrriran
manufacturers, AMI this ii thinks very
conservative estimate, the additional
iuty would reach Al lfaas $50 GJD 600
The expansion u imports, Il drEArra
would also follow the reduction ~ rates
On china porcelain, common wiuIBw
glass. manufactures ~ !r1n and steel
H2N, Iute, hemp and many minor man.
ntactures. With greatly augmented !
revenues, II declares the house btll nor.
petnatcs the existing inlrmi,ics created /
by It's Oliscurittea aud faulty cnn.trnc. !
lion, doubts and antiquities which rnust 4
multiply indefinitely tits present CON. 4
fusion. The results, however. ths mai.
ority says. which would flow from tEs 7
figures OF the bill Ra n corrective meas. 4
ure would be much less disastrous toths {
material interests Of the country than 4
those which must surely follow ~, .
adoption Of its vicious affirmative prnn,
ositien. Tho feature which most clearly
Indicates its purpose IL the propossl
substitution Of ad yalorem for spenifs
duties
THE MINORITY EEroEr.
The report Of the minority nakss .
document 81 twelve printed PAGES n I
begins with the statement that n az
preparation Of the substitute for az
i"lse hill no member ~ the niuerity ~
ne committee WA consulted ar IN f,,r,,,.
sd as 70 lta provisions until n Nm, ~.
ported 70 the full committee on ~, os,t,
y September. The miupritv ycc,tr.
ne work Of the sub committee I, bss.'
hg the stat1meut1 aud ARGUMENT. 81
appeals ot the manufacturers n,,J ,,,i,..-,
~, y .t'.lI,ah'l rue present high rate ~
arm taxation shall he mniuta;p,I All
= - l'''-t cass,s prompted not by any rcys.
,ar ''vtS'tss7lties, nut alone for tho pnr
,,ose 81 increasing their nvn ,,rt,7,a :. ,
ne expense Of Ga, OOO. 900 tnvt,a,.s.
continuing. they say ''It ia saio ~ So 81.
nay ali the Interests by tho hi1h No..
ectlYe tarIil have hron fully heard AMI
AYE had much influence n sltn,in,tI,;.
lostitute' while the great body IA tbo {
'pple,, thA taxpayers, aud victims ~ .
~ p"ley have not appeared and baya .
iot nccn heard " II il then said ~
mort time the substitute has bsen 4, IL H.,
land' OF the minority lIaa rnade X aim
NY 70 ascertain the full effect In, III.
n, difference between thc bonsa
W hhd the senate substitute i an,ar, {
ny ana radical at the outset II tbc rnat &
ef oi revenue. One IL framed H. ~. /
interest f.: :; 81 the public treasury. N" III, III
~ helnterest 81 private pSck ~ ~ Z
framed in tile interests Of liz ,.t "Iio
oo tIe other in the interest IN goo
w manufacturers, One il desiyrnJ Z, !,
s y both tile government ro "p,r ~
~ ~ W1ation, tho taxation asneciniis J.
: mn ii, nHars heaviest on the necssssr;sy. n
,i hIle, Tue other is intended 10 rai"a !
,iplic revenne, indeed, bnt 10 painta,a i
y, nriyate revenues by incrcnsing III Il
: !! ing taxation on all the necesao ~ Il
l, i'lg. The minority coutinninS snss
=. y a',yocates OF the substitute fey,
,ol,ose 70 reduce tho duties ar otai.a{ y
ltt0 on tnpQp tltfn..a - tbVllNN | III