New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-01-06
ITALY AND THE M'KINLEY ACT.
WELL SATISFIED WITH THE WORKINGS OF
THE NEW AMERICAN TARIFF
CENT OF TILE ITALIAN EXPORTS TO THIS
cor-vrpv ,~D tNCpEA>FjD OK ONLY

THE DUTY REDUCED on ABOUT THIRTY-SIX PER
CENT OF TIE ITALIAN EXPORTS TO THIS
COUNTRY, AND INCREASED ON ONLY
FOUR PER cBNT-ITALY's EXHIBIT
At THE WORLDS FAIR.
Rome. jan bit has been asccrlained from high
official sources, a. well ~ fom interviews with leading
members Of the Italian Parliament that Italy Il Wen
satisfied with the workings If the new American IarlI
bill The Government Cnmmi,sO which was appoint
ed 10 investigate and report the probable effects "I
the bill Ia, recently completed s task and lis report
shows that under the new tariff about Is per
cents of Italian exports to the United Stac'
are admitted free of duty 30 per cent AT
reduced rate l. per cent al the old rate while inc
duty is increased on less than per cent Ills report
together with the statistics published by the tdIld
press, have brought about favorable state OF public
opinion regarding the law. We have no cause for
complaint against the United states account Of the
new tariff said Prime Minister Crsp and this dlplo
matte opinion has been than indorsed by all the
Deputic, interviewed by the Associated Press CORE
-pOndent.
The placing Of straw braidS, an important product
Of Tuscany on the free list and the reduction of duty
on paintings and statuaN, are among the PROVISIONS
that have given the greatest satisfaction While the
commerce between Great Britain and the United States
and France and the Uuited states has been steadily
declining during the last years, statistics Just pub
lshcd IN ~ La Riforma,7 the official organ of Prime
Minister Crispi show that taly's commerce with the
United states has been steadily Increasing till II Is n0"
exceeded by only three other nations Of Europe. since
tle bill went into effect thi, commerce has continued
to increase al "A, great rate rs before Ii Is 10 secret
that the reason why Italy refused to consider the sub
icct Of Joining other nation, in rcpra- against the
Emitted states was her satisfaction ~th the ne" tirli
The report published recently that on account OF the
Mckinley law italy would make no exhibits mt the
World, Fair 70 bc held at Chicago is entirely untrue
The report OF the Italian DcgaTtm"uj II Agriculture
shows that the crop, in ltal} during the last yeat
were the largest harvested for many years. FOR the
previous five years Italian crops had been to great
degree failures. that great impetus 10 Italian
commerce is now predicted although the ughtnesN Of
ne money market vet prevented the full benefit
If the abundant harvest. The nuapClal difficulties
which have troubled alike both continents have cA
tended Italy, and stocks and BONDS 81 nearly All
kinds have greatly declined. The bonds of the Gov.
eminent, however. have maintained their accustomed
values, having nuctuatcd scarcely ! per cent
Tie formation l. announced of company under the
name OF the lianara Italian steel and lin Plate Manu-
Featuring Company. The capital II to be- +-OOOOO,
and the plant t. 10 cost Si2J,OOD. ~ the Italian
dutie, steel and tin plate from 80 L. % per cent
al valOrcm the projectors If the company expect ~
reap large profits IN supplying market 81 3OOpOoOo
persons.