New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-04-17

cHANGEs-A REDUCTION OF OVER seo.ooooco
n IMPORT DUTIES EXPECTED, AND OVER
sloOOo.ooo IN INTERNAL REVENUES.
Washington .'pril l6.-The reports of the ma
FORTY and minority of the Ways and Means Com
nittec on the tariff bill were presented to the
,Iouse this afternoon The majority report is as
follows:
The Committee Ways and Means. to whom
was referred that part Of the OF the President
OF the United states relating to public have
carefully considered the subject. and report back the
accompanying bill
We are advised from the annual report OF the sec
rotary Of the Treasury that the ordinary revenues
Of the Government. actual and estimated. for the
+ cal year ending June 30. 1890, will be S375.ooo,
900 and that the expenditures for the same period,
actual and estimated. Will be S293ooOooo. leaving
surplus Of S92OOO.OOO.
The estimated amount required for the sinking
fund will be s4s.3211i6 30. leaving an estimated
net surplus Of Si3G7-.--3 o.
The excess OF revenues expenses estimated
for the fiscal year ending June 30. 1-91. ad-
vi,ed from the source, will amount TO $4,000.
ST. 80 which with the amount of cash now on hand
AID available reaching nearly 10000 600. the com
mittee believe VIII justify reduction Of the revenue
in The contemplated by this bill Of SGO.93G.93G
and probably from customs. and SlO.327.e
from internal revenue. a total of 81 .2'i4i14.
The exact effect upon the revenues Of the Govern
Of the proposed bill is difficult Of asccrtanment
That there will be a substantial reduction. shall
show. admits of doubt II is not believed that the
Increase Of duties upon woods woOlcn goods and
upon glassware. will have the effect Of increasing the
revenues. That would, of course. follow il the in.
poratonS Of the last fiscal year hereafter 20 be
maintained, which. however j. altogether improbable
The result will that mporatione will be dccreas ed
opdt hp of tod
these will be diminished
In every o; increased duty. except that i'm
posed upon tn-plate (Which does not into effect
until July L. 1s91, and upon linen fabrics. the effect
will be TO reduce rather than enlarge the revenues.
because importstons will fan of. 1t was the aim
Of the committee to fix the duties upon that elias,
of manufactured good, and farm products which
be supplied at home. 50 "a TO discourage the use OF
like foreign goods and products. and secure to our
people ard own producers the home market.
believing that competition among ourselves Will
cure reasonable prices to consumers in the future a.
ii has invariably done in the past.
We seek 10y the increased duties recommended not
only TO maintain but 10 enlarge our own nauufactur
ing plants and check those supplies from abroad which
can be probably produced at home. Tie general
policy Of the bill i to foster and promote American
production and Investigation Of American industry
ENCOURAGING HOME PRODUCTION AND FAIR
WAGES.
We have not been mich concerned about the
prices Of the articles consume , have been -
encourage a system Of home production which shall
give fair remuneration TO domestic producers and fair
wages 10 American workmcn and by increased pro
oncton and home competition insure fair price, TO
consumers
Every reduction OF duty below the point where our
producers can compete under existing conditions with
the foreign product involves reduction Of the cost Of
production at home II would retain the home
market. and while temporarily resulting in cheaper.
Ing Of prices viii limit the volume Of home produc
ton. If not destroy it, reduce the wages Of tabor 10
Or below the European level Either j, a calamity
which the proposed legislation seeks To avert.
The committee will admit That free trade revenue
duties would temporarily diminish the cost Of product
consumed by the people. but il would be- 50 only De
the foreign product Al "a lower price woud force
down the home product d,pace it altogether. and
the latter then prices would at advance to the
Consumers experience has demonstrated who
would be without relief against tic cXactions Of
foreign syndicate, and foreign manufacturers. We
would have to ave up considerable part OF own
production that We might for bret time enjoy the
cheaper products OF other countries and their products
produced by cheaper labor than own, reduce
every element OF cost, including labor u the foreign
standard
Cheaper products from abroad to the American
suners mean cheaper labor AT home and lower rewards
70 the domestic producer, with permanent benefits
TO the consumer. Neither condition would prove "a
Dressing 10 the United states neither would vel
oomeu DS the aborer, the manufacturer the agri
cuituiist. and both should be firmly resisted Those
WHO advocate duties for revenue solely sec only as
result oi Their theory cheaper prices Of and
merchandise and are blind 10 the other necessary effect
'at Oh lower wage aud cheaper men. That country
l. The least prosperous where low prices and low wage,
prevail one Of the chief complaints now prevalent
a"'hg our farmers Is that the, get price for
n,, ,uops al all commensurate To the labor and
api'ai invested ~ their production Those who differ
I'm Us must believe that even further agricultural
sepss.oh Is desirable, for other consequence
I I'M lfOih thcir economic theories. They advocate
eap prices a. the chief object Of the industrial
Pohcy they commend to The country This mean,
SeLnanenty low priccs for agricultural product,
Ne va. a. Tor manufactured goods.
-FOUR committee has sought by the proposed Legs
.erar 10 itet eut down prices but to provide WIN
,cunires whose condition, our people are |
IIs svda,lins -, To adopt. We have not be
M nom low prices can Or Vii be satisfied with cs,
ever WILL VIII result IN lower prices. no country
livery field Of labor. and has been the purpose Of
nc nc committee - 81 adjust duties upon oInpctinc
competition abroad.
FRAMED IL THE INTERESTS or THE PEOPLE !
his bin IS framed III the interest Of the people Of
vac United siates II is for The better defence Of |
amercan homes and American industries While |
a. oflhc the needed revcnuc its provisions look alike
"A "v occupations " our people, their comfort
,nausral enterprises already started and 10 the open
snd VI new lines Of production &licrc conditions
are ample revenue, for The wants Of Government
10 the labor employed tl>cin. Ilic aim hss been 10
WIN our own whether Of The ,o or The ,lop and 10
the free list wherever this can be done without
isi;iny 70 any American industry. wherever an
10 o home industry can be helped without detrmcni
pro, snyiier Industry which is equally worthy II the
'IfStSs su care Of thc Government.
-'H committee believe that. lnasnuch ~ ucarlA