The Providence news. (Providence [R.I.]) 1891-1906, 1894-01-11
LATEST
N CONGRESS TODAY.
Continued from Page 1.

their energies, yet when he lacks this we
are met with all sorts OF aphorisms
met with stories OF the growth OF this
rich and new country OF ours. We
are met with depleted treasury, the
sources OF whose supply have been
dried up by bad Republican legislation.
We are met with the paralysis OF private
enterprise which accompanies an empty
treasury. While condemning the protec-
tive policy, he likened its advocates to
sharks.
Mr.. Walker (of Mass.) insisted on
knowing to whom he applied such an
epithet.
al did not want to hurt the gentlemen's
feelings" replied Mr.. Breckenridge.
(Laughter)
Mr.. Walker declared that that was not
fair answer.
ssWell them responded Mr.. Brecken-
ridge, sI refer to those who during
the peril and distress OF n
great civil war took advantage OF
patriotism and later in time OF profound
peace increased those exaetions until In
the 51st congress they wrote new law
that enriched themselves.
Irefer to those who admitted new states
to retain power; those who purchased
ballot boxes and took the seat of William
X. Morrison in the house by bribery"
Democratic applause.I
"Being an American manufacturer and
one OF those who helped to make these
laws, do you refer to met" inquired Mr..
Walker?
"If the description fits you then you
have recognized your own picture"
Laughter and applause.
r. - a
he was glad that that the Wilson bill
would leave q deficit. 1t would
give opportunity for the retirement
OF an income tax that burdens no man for
the benefit of his rival. 1t would create
vigilance in governmental economy.
Mr.. Breckenridge was followed by Con-
gresham Dingley of Maine.
Gov. Dingley's Speech.
Mr.. Dingley of Maine said that the
pending tariff bill purports to be a hill to
provide revenue. 1t is in fact bill TO
abolish revenue. The Democratic majority
who have reported 1t, have been accus-
toned to charge that Republican tariffs
ignore revenue in order to protect
home industries. The present so-called
revenue bill is a substitute which ignores
The revenue bill would yield 5000, 900
less than the tariff OF 1890. This large sur
render of revenue Is to be made, too, at a
time when this deficit of $3S, 100000 in the
first half the present fiscal year
which will be increased to more than $780,
100000 by July next, caused by the dis
trust induced by the apprehension OF the
evolutionary tariff changes proposed;
and when the secretary OF the treasury in
forms congress that II the present revenue
laws are unchanged, there will be
sufficient revenue for. the next
fiscal year, just as there was
In the fiscal years of 1892
and 1893. In fact, the proposed tariff is
bill not for revenue only, but fof
deficiency only. The excuse given for
such q surrender of needed revenue Is the
alleged necessity for reducing the taxation
of the measures. What then are the articles
on which 1t Is proposed to surrender
revenue and reduce taxation? / find a
surrender OF about fourteen millions In
duties on imported liquors, Havana and
other foreign cigars and leaf tobacco,
silks and laces and embroideries, kid
gloves, ostrich feathers, etc.; articles of
luxury or voluntary use con-
sumed mainly by the well-to-do.
The poor people must be greatly relieved
at such reductions. OF the twenty-five
millions of revenue surrendered in re-
duced duties on imported manufactures
of wool, more than one half is on fine
goods consumed by men Of means who
want something "English you know"
and who are willing to pay
for it. The same is true
Of half of three millions of revenue sur
rendered on imported fine cottons and
many other goods. About six millions of
revenue is surrendered by reduction of
the duty on tin plate, one cent per pound,
which is now in large part practically
paid by the Welch manufacturer.
Foreigners Get the Benefit.
This Is also true of hundreds OF other
articles, where the foreigner reduces his
price to meet the protective duties and
hold our markets. Lumber and many
other agricultural products are placed on
the free list and Canada will pocket the
duties which we surrender. Indeed by a
reciprocal treaty we could have obtained
important compensations from Canada
which we now propose to give away.
The president and the majority OF the
committee tell us part, and ultimately
all of the revenue surrendered will come
back In new revenue from increased inn
portation brought in by later rates OF duty.
lnasmuch as the reduced duties are mainly
on imported articles we can produce or
make for ourselves, and IL will
require an increase OF importations
to the extent of two hurdred and
fifty millions TO make up lost revenue,
this Is a pleasing feature TO which our
Democratic friends invite the country. A
protective duty that is a duty on foreign
articles which can be produced here, equal
TO the difference in money cost OF produc-
tion and distribution here and abroad, is
not tax which increases the
real cost OF such articles to
the consumer, as the free trader assumes.
The effect OF such duty is simply TO place
competition here on the basis Of higher
wages and high living standard and
the price of the article Is determined
by the cost Of production paying Ameri-
can wages and that price, estimated i'm
labor or service i'm which all men ulti-