Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-11-21
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WASHINGTON, d. c., November 20.--
The Republicans are now engaged In
foolish attempt to stir up feeling against
tariff revision and alarm the country by
declaring that the tariff bill which the
Ways and Means Committee has nearly
completed, is of most radical kind,
and not only places large number OF
hitherto taxed articles on the tree list
but makes cuts in all. duties along the
line far deeper than anything contem-
plated by the Morrison bill or the Mills
bill.
The facts are that the "large num-
Der" of additions to the free list are
about half dozen all told, while the
reductions in the prohibitive McKin-
ley schedules will bring the average
rate of tariff taxation down to
about 40 per cent, which certainly
DOES NOT LOOK ALARMINGLY LOW.
During the fiscal year from June 30,
1891, to July l, 1892, the amount OF
revenue derived by the government
from the Mckinley tariff was about
SI73, 900, 900. 1t has been computed
that under the proposed revision OF the
tariff, supposing that the imports re-
main the same as in the year above
mentioned the income Of the govern
ment from tariff sources would be an
nually about S12O, 600, 600, or reduc-
tion of S53, 900, 600 from the income uR-
der the Mckinley bill.
The decrease OF S53,000,0 900 in tariff
taxation will, it has been computed,
save to the people OF the country far
larger amount, for the reason that
under the operations Of the Mckinley
law for every dollar the people paid in
tariff tax they paid S5 to manufacturers
and producers Of protected articles, be-
cause of the higher prices the latter
were enabled to exact through the ex-
clusion of foreign articles and the
sitting Of competition.
The Ways and Means Committee will
probably give out the new tariff bill
ON MONDAY NEXT,
the 27th. A meeting of the full COM
mittee will be called for that day, as it
is necessary that the bill be spread be-
fore the entire committee and formal
vote Ia ken on its adoption before the
measure is given TO the public.
The Democratic members are now de-
voting most OF their time in conference
attempting to discover, with the aid Of
Assistant Secretary OF the Treasury
Hamilton and other Treasury officials,
the exact amount Of revenue that will
be yielded by the various schedules
under the revision contempt ated by the
committee. This involves detailed cal
cuIations, and until this labor is ended
no final action can be taken on any Of
the reports OF the subcommittee. The
income tax provision is still held In
allowance until the amount OF revenue
likely to be raised under the other pro-
visions of the bill Is ascertainep, though
there seems to be no doubt of
ITS FINAL ADOPTION.
This will greatly relieve the sub-com-
miltee on internal revenue and render
it unlikely that there will be any in
crease on any Of the articles embraced
in the internal revenue schedule, except
whisky. The tax on beer and all grades
OF tobacco will be probably allowed to
remain, though small increase OF the
whisky tax Is quite probable. Ten cents
per gallon is the increase now most fire.
quently mentioned, but the committee
still remains quite non-committal on the
subject. Night sessions are now to be
held regularly by the Democratic men,
bers until the bill is completed.