Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1892-08-25

hte IS com pared with prices pTiof 10
TIE adoption of the tariff aci Of lS91.
81 There hss been an advance IN
wages. p. Inep prloe of farm products
have increased since the passage OF ihe
tariff act of 1890 10y 1857 per cent.
The Castoms Revenue.
"l0G say the net reduction %
revenue from customs has exceeded
S5l ,000, 900. Can you tel What The
duties at the Old ratio would have
amounted 10 on the amount or sugar
imported since April, 1891, when tie
duty WAS removed
"Nes. Major Brock found that the
average rate on sugar imported ln 1880
except from Hawai-, which came IA
free under the reciprocity treaty, was
26-l00 cents pound. Apply that rate
20 the Quantity OF sugar imported from
April l, 1891 10 June 80. 1892 except
from Hswail, the tOtGl being 4 $50, 100.
29i pounds, and you have the enormous
sum CT S9s ,6Sl ,025 60 Everybody sd
mlts that the tariff on sugar was purely
: revenue tariI-a tax LEVIED on tie
consumers OF sugsr-becsuse of the
comparatively small amount produced
IN the Uniied States. In fifteen
months, therefore. more people were
relieved Of d burden of taxation upon
Rn article of universal use, amounting
10 nearly S95, 200 900. The amount OF
bounties paid TO domestic producers Of
sugar IN the same period was less than
$ 600 900. So that the saving 10 domes-
TIC consumers was about SS- 900 900"
What has been the total OF our for
eign commerce IN recent years"
"Here are the figures; The value az
our Imports and exports Of mcTchsn-
disc combined durug the fscal year
1890, WAS ~ ,647, l3q ,059; III 1891, 81 .529,-
397 .00G, and III 1892. 81 So. .ls7 COS.
The total foreign commerce Of the MS
cal year 1892 shows an increase OF 12lo,-
$40, $40 over the value Of total com
merce of 1890 and of SIPS, ,2s2 .597 over
1891. The average annual value Of our
foreign commerce for the ten fiscal
years prior 10 1891, was 81, i57,
2.0l9. The value of the for
elgn commerce for the hscsl
year 1892, exceeded this annual aver
age of the ten years prior 10 the exact
ment Of the new tariff by the sum OF
$40 ,357 .5S4. This rs most remarkable
and encouraging increase. The value
OF the exports of domestic and foreign
merchandise for the fiscal year 1890
%
the exports of merchandise was = O30,-
27S ,030, or an increase u favor OF 1872
of SI72, ,449 .3i6 and tho first time N the
history of our commerce when our eN-
ports reached billion of dollars. The
annual average value OF our exports of
merchandise for the ten years prlor 20
the fiscal wear 1891, and under the old
tariff was S765, ,l35, 4S7. The exports of
1902 exceeded the annual average OF
these ten years mentioned 10y the sum
of $500, l42 ,533.
"The value Of our imports Of mer-
chandise during the fiscal year 1890
was S7S9, ,3lO ,409. The value OF these
imports for the fiscal year 1892 wss
1927 ,40l ,573, or IN increase IN favor Of
1902 of $3S S.09l, ,l64. There IS also az
excess in favor of 1892 of $l35, 5,2l5.052
over the average annual value OF our
imports of merchandise Tor the ten
years prior 10 1891, which was S6s2,-
lS6, ,52l.'
Free and Outiah'o Imports
Secretary Foster Continued: al have
already referred To the increase OF free
as compsred with dutiable imports.
but statement OF detail VIII be OF IN
terest. During the fiscal year 1890 the
62g and of the dutiable imports S523,-
64l $50, and the percentage Of free Inn
porte was 1886. In the fiscal year lS92
the value of the imports Of merchan-
disc. free of duty, WAS S45S 900, ,772, Of
dutlable imports $3.50, 4O0, sol, and the
per cent OF free imports was 55.35.
Here then was an increase IN the
status of free imports IN 1872 over 1890
If 600 g92 lA3 a decrease in the Va IFap
of merchandise paying duty OF Sl5i,
240, ,S79 and an increase n the percent
age of free imports from 1886 10 55.35.
1.-THE average annual value of the
imports of merchandise free OF duty
during the ten years prior 10 1921 was
| S223. .69S ,0S3 and of dutiAble imports
! pos ,55S, 49, il will be seen the In-
| crease of free imports during the fiscal
| year 1892 over this annual average Of
! such imports was S2S4 .372 ,6s9, or nesgly
/ double, and q decrease IN the dutiabie
| imports of S99, ,l57 ,63s below the annual
average value OF such imports for tbe
| ten years mentioned.
"The large increase IN value of I'M
ports free OF duty sns decrease Of I'M
ports Of dutiahle merchandise has re-
/ duced the duties collected per capita
| Of population 10 S2.67, the lowest
amount Of duty collected per capita
since 1893. The duty collected per
capita OF population n 1880 was s. 81,
, and FOR ten years prior 20 1921 it aver
/ aged annually $500. 1t vii be seen
/ The duty per cspiia col eoted during
/ the tsca year 1922 was 95A cents Jess
than the average for the ten years
mentioned.