Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-03-30
THE TARIFF BILL.
The ways aud Means Committees
Report Accompanying II.

telegraph 10 the Dispa,ch.l
LOUISVILLE. ny, Marcel pa specia
from Washington % the COtT,cr-joUr.
n7i SAYS:
Tn, report Of the Democratic majority
Ct tle Ways and Means Committee,
which viii accompany the tariff bill to
the House. cites that the surplus for the
'a-t fiscal year was So. 500, OOO, and for
t.- current wear is estimated at Sol.
10000. and saws: "Wlth the receipts
rowing larger and expenditures growing
.-aler. VIC must soon gather into the
Ir,asurv larger part Of the circulation
.. tne country 10 the great injury Of It's
bushes. and the bankruptcy OF many OF
o. people. Some method must Ice
.5.,-.l tv Congress u prevent the con
.u0l which must occur under existing
.r. There are two ways III which
cd. excessive accumulation may be pre-
v--t.L We mavreduce taxation TO the
.F of expenditures and leave il the
r..,- Of the people all the moneys
-t p. ied for public purposes, or We
mise expenditures to the heighth
.t Taxation. seeking Out new and useless
--..s Of appropriation ON winch TO
v-. the great and growing revenues
.,, needed for any legitimate wants OF
% public service.
.li W. adopt the latter course these
St. -r tlects of useless expenditures VIII
..-.ruD1u Congress II such increasing
..r- and with such growing demands
.t. -ter upon the Government per
i....t and Interchangeable policy OF eX-
t.t..art and reckless appropriations.
policy. once adopted, viii not only
t. corruption IN public life and
nuou ia private life, but Will
...l Dbl periods Of depression an IN
ceased rate % taxation for the people or
OIL. Increase of the bonded debt Of the
Governments
Ilel -..uug that there is but one safe
c..r---tll. reduction Of taxation TO the
necessary requirements OF an honest,
.-e.lt administration Of the Govern
r.lj, the report discusses the question,
lrln vlat article, shall reduction be
La-e. and proceeds:
Il- committee have determined 10
recommend "a reduction Of revenue from
&. customs aud internal taxes. 1hey
.r- eueillly kept in view at all times
o.. interest. Of the manufacturer, Ia
n.rr producer, and consumer. Inc
b.. herewith reported 10 the House IS
-,, oaered a. IL perfect bill. Many artl-
c,s arc LEFT subject 10 duty which nlght
~eI BE- transferred H. the free Isl
May articles are left subject 70 rates %
Ivy which might all be lessened
ia the progressive growth OF our
ca,a'aciuIes We have reached point
We'e orr capacity TO produce Is lar ID
excess a the requirements oil our nome
co.'s mptlon. AS a consequence many
~ our mills are closed, and many OF
.ose s'll IL operation are running on
time. This condition IS hurt
20 the manufacturer, to me
A,rfer, and 10 the producer OF
.-'.era.s consumed in Manufacture
t0e manufacturer loses the pront on
ZEE capital the laborer loses his wages,
Oh 4o producer Of materials consumer
d. mauuiacturcs loses market Tor me-
F'ilcts Manufacturers, IN many III
't-'ss, 10 guard against losses ny tne
"' prices caused by an oyer-suppiy ~
'-e home market, are organizing trust
~abilations and pools 10 limit pro-
e-c'iol aud keep up prices. This Vicious
O.l.i.0n Of business could not exist
''A low duties on imports. Prohipl-
ny tariffs surround the country
'a hues Of investment and prevent
y Hief IRON without, while trust com
, ,,l and pools plumber the people
nun IN country like ours, proi'ic
No Ees0llesS, HAege tho rewards Oh