, 1890-04-17
PROTECTIVE TARIFF.
The Bill Reported by the
Majority.
WOOL AND SUGAR SCHEDULES
High Taxes on the Former-The
Latter to Be Practically Free
"A Bounty,


ly.,u,.oros Anril ,s.-.Tbe renorts or
Tho maioritv and the minoritv of the
ySays and means committee ON the tariff
bili wcrc nresented to Tho bouso this
afternoon.
Tho uaio,i,v ,onor, h.,ina with N
.ta,omont of tho 0ra,ciu situation and
estimates that tho sprnlus at the end of
and dedueting the sum rcouired to
make the navmsn, of tine sinking fund
the moi surnlus of yocein,s over ex-
penditure, will be Sl3 6io Ooo. IL IL
estimated that Tho surplus Of the
next fiscal vear will he sl2 b7o ooo which
xxith tbe .p,onr, of ca.b rox a, hand
and ayaiIahls rsarh 500 ooo o0o will
Justify n reduction of tho revenus in Tho
sum contemnloted bv tho hill r,nortod of
$40 o37 ooo and n,ohahlv moro from the
customs and ahout sIo 9os ooo frnm the
in.arnnl revenue or n total of s4l ~, oo0
The ret,.. ,,,,,,sr saws that the hill as
proposed will re.ult II, n decreased
rcvsnne, ,hat In ali casa. .,csn, lin the
Increased t,r,f viii ,esrl, In decreased
imnorta,iopa and therofore a decreased
revenue, that the commIttee aimed to
put an incrsa.od rata on n, ann fac,ured
good, and firm nroducts producible in
this country I'm orl,r 10 dovolop the
bome n,nrk.t and that ,ba commi,tee q
mo-, so much concerned about the nrices
of ths articIss vyo con.rmo a. 10 oncnur-
AGO ,ho increase and Jivcrsiar,ti,n of
home products giving fair returns to
the producers and wages to American
workmen. believing that home competi
ton will regulate prices.
The committee admit that FREQ trade
would cause temporary reduction in
the prices. but argue that IL would be at
the expense of domestic products and
that the prices would then advance and
place the country at the mercy of for
egn syndicates and manufacturers. The
ultimate result would thus be disadyan.
taReous To both capItal and labor. The
committee say that the country /, least
pros porous in which low prices and
wages prevail and point TO the present
agricul tural deprcssion as a sample.
The committee believe IL better to raise
the $500. 600 OOO necessary to run tho
government by taxing foreign imports
than to take il from domestic products,
and that the entire bill is based upon
protection TO American Industry, but,
at the same time. recommending no
duty above the point Of difference be.
tween the normal coat OF production
here, including labor. and the cost Of
like production abroad.
cuvv,c,,s NJ, ,uv ,,v ,,r
Ths re,,r, ,,sn -, a., ,h, Jo,.I.
of Tho MI 4, ,avs ,hs, 10 r.dnc,ion
IN ,avor,,as -, ,'i.o,.' ~ ,,s c,o. lie,
ch emicaIs not n,odnred in this country
xyiIl a,no,,, to "a s76o,o
my woo, IxprsrRy
II cites figures to show a decline In
wool production and says that an ad-
vance In the duties has been recon-
mended which will afford ample pro-
lection to the wool growers. While the
senate bill fixed the duty on third-class
wool at cents, the committee makes 1t
81 cents, with change in definitions
and classihcations, etc, which will com
pensate for tue difference. The commit
tee believes the country should produce
all the wool 1t consumes. This can
be done by the addition of lO), ,0O0, 90
sheep TO the present number. The re-
port says the bill seeks to stop the
shameless frauds which have been
nrarticad in ,hs ,mnortation of xools
s,I '....,,... .'-...l. - .,.,t.. ~,
niu "oV'e" so'u9' '"u
Hutihs the past hhcai Year tue uhuer-
valued invoices showed an importation
ol WOODEN manuiaotures valued ht So<'-
"sh"o' whereas the reai harket Naiue
was nearly sV,oVouo equlValeht o tbc
Importation OF loD,ocO,OoO pounds oi
wool The bill Will transfer to this
country $l5,WOoo To s2O,Vo,OcO In
woolen manufactures.
THE METAL SCHEDULES.
On tho metal schedules the report
say.no reduction can be made in pip
iron or iron ore, without detriment TO
the existing Industries. and the com
mittee has not lolt justified in inter.
enne with their further development.
The iron ore resources now seem
promisiny i'm the southern states.
With regard to pig iron IL Is
said that il Is mo sense a raw material.
I, isthe product of the highest skill. re
oulring for its manufacture a large and
sTna,sis 90 ,Ian, ,he cani,al invo,,ed in
..i.oa, ,. 49, A.. 80
Mhioi, w our Sounhy "-usy ~ "o'e
man that invested IN any othef oranoh
OF our iron ana steer industries. Ila
ron Is made III twenty -tve states OF the
Union The report strongly sustains
lhe Increased duty recommended on TIN
plates.
SUGAR TO BE ADMITTED fREn.
Ofsugar, the repor, saws that the com.
u,itte, recommend that sugar nm 10 and
In"inJ,na " ~. a.'as nIac.J
nn ,Se s ,rs. ". H., ~i,h aNio os dnty q,
- 80 80
J cent per pound ON renned sugar ABOVE
Ia and that bounty OF cents per
pound be paid from the treasury for a