Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-10-05
s9MT TARIFF BILL.
The Contents Of the Minority and
Majority Reports on the Re-
publican Tariff Measure.
They ars Comprehensive, b.ing In.
tended for Use IS Campaign Doc.
umsats Through the County.
Reduction Of tho Surplus in the Treasury
Tho spiris of Free Trsdo-Inrsrfer-
eEea with Prezent Arrangements.
REPORTS ON THE TARIFF BILL.

REPORTS ON THE TARIFF BILL.
! WASHINGTON, Oct. ITO day the ma
iority and minority reports on the tariff
oil were presented in the Senate. Bott
are very long and explicit, sud are in
tended fer distribution as campaign docu
ments. The majority report, represent
irg the views Of the Republican members
Of the committee on finance, fills eighty
zine closely printed pages, OF which every
Wenty- i've ere tacuIat. There are de-
| siied compsrisous between ice features
| 81 the Mills bill and also those oi
the present tarig and the bill upon which
| this Is report making al Of the essen
| isl points comprehensive TO the average
! rezder. The report opens with the state
ment thnt the demknd sJr s careful ond
borough revision OF cur reTerue laws IL
Imperative. 1hls revieion IL necessary
to reduce the nation&I FevenueF, which
are now excessive, TO remeGy defects,
anomalies and iIcongruities which have
been from time TO time discovered in the
tariff schedules, or which have oeen Gre
sled b7 erroneous DECISIONS CT he Treas
| ury Department; to secure proper re-
adjustment aud equalization of tariff
rates rendered necessary by modified
business Conditions, improvement in
method Oh production, radical changes in
prices or by new elements Of competi-
ton, and TO give relief and pro-
tectione to many Industries which
are now,su h9ring On account Of made
q1ste rates levied on competing produce.
THE PUBLIC DEMAND
for reduction OF the revenue, the ma
iority says, is more usgspt on account OF
che inexcussble retention il the national
Treasury or on deposit In national banks
of vast sums of money in excess Of the
amount required &c pay curren. demands
aipon the Treasury, and to maturing obli-
cations Of the government. This sum,
with additions which will accrue within
tie nexi four months and before any
legislative action reducing the revenues
can be ff9ctive, 1t declares, will be suffi-
Gent TO pay in full the outstanding II per
cent. bonds due in 1891, 1921, 100000
This accumulation, il insists, could
End should have been probably
avoided and the possibility of business
disasters sverted bya prompt return OF
the money collected from the people to
the channels CT trade through the pur-
chase Of Uaited States bonds that could
st ell times have been obtained for prices
which to the government would have been
Sf equal value SIS sn investment of other
wise pre- Fl able funds 6. q rate OF interest
of not less than 2 per cent. per snnum.
The maj Jrity expresses It's conviction Of
the inadt q1acy of
THE HOUSE BILL
ss remedial measure Tor the reasons:
That 1t would probably increase instead
Of reducing the revenue; that 1t provides
no remedy for undeIva!uationF, but en-
the contrary invites and gives immunity
TO fraud by subsiituting sdsyslore,n for
specific duties; and that it does not rem.
edy sny Of the neq1ali,ies or the MONA
lies, or cure any Of the defects of
the existing law. II foreign m.nuiac-
turerss the majority says, should, through
changes made In the cotton and WoOlen
schedules, secure quarter Of the market
now held by American manuisc turers
{ and this 1t thinks very conservative es.
timate), the additional duty would reach
at least S60,000,000. An expansion OF
imports, it declares, would also follow 8
reduction OF the rates on china, porcelain,
common glass, manufactures OF iron and
steel, fax, luie, hemp aud many minor
with greatly augmented
revenues. Il declares that the House bill
perpetu.tes existing irirmities and Gre
stes by its
oRsCURITIES AND FAULTY CONSTRUCTION,
doubts and antiquities which must mul
tipiy indefinitely the present confusion.
The msjority says: The free trade
tendency partly concealed in these
to cripple or destroy
numerous industries are clearly
brought into view by an examination |
Of the articles which the bill proposes 10
place on the free list. OF $50 Items from
which duties sre removed nearly one half |
are manufactured articles, sixteen are |
agricultural products, eleven sre articles |
which are now fee of duty or without |
commercial importance, and twensy-one |
are articles which now pay 8 small rev.
snue duty but which are of such charac |
ter that removal Of the duties is unob-
ectionsble."
OF free wool the ms j,rity says: "We |
have been recently advised By the Presi-
lent Of the United States that in sny
,arf revision such relispce upon present |
:, vsnue arrangements as have been
nV1!ed or encoureged should be
aiIly and justly regarded, and assured
Inst In reforms inaugureted BY his party
iiCuGS abiup ANU IHutCal CuSuHeS WHICH
night endsnger such enterprise and in
driously Tftsct the interests Of labor de-
PENDENT upon their success and continu-
nee are rot contemplated or intended
There can be no better test Of the sin
Gritty Of these high sounding declarations
han the proposition to put wool on the
zee list. Wool has been dutisbie since
SIG. and through sll tEr!f mutilssions
which have taken plsce since no sugges.
ions have been made BY any Lolisical
arty up to the Inauguration of the
resent administration for the removal OF
u;ies. The wool growers CT the
euntry produce annually 00,000,00O
ounds Of wool, valued st 100000.
90. They supply -tenths of
be clothing wool used by American MAJ
iacturers, and they have raised the
United States to the first rank among the
7ool producing countries OF this world
hose who have by their patlen. labor
nd Intelligent efforts built up the great
Industry relying for security upon the
rejection OF "Ihe present revenue ar
angements" are certainly entitled to