The comet. (Johnson City, Tenn.) 1884-1916, 1894-07-05
The Future Of The tariff All,

iAriHbill ina short time, it becomes
an alhimportant question what modiR.
cation Of It the House OF Represen.
tives can and will make.
II is evident that the House Is in no
mood to bro k the senate's changes in
the tariff bill, IN some instances these
changes hav ben Tor tho better, but
~ very large number Of cases rates
i duty have been unnecessarily and
lnludlciously increased by the Senate.
The notifications in the Ifuuse will
have to be made With due regard to the
real interests Of the whole people and
TO the commanding question Of re-
venus for the rreasury's need.
|. is a well known principle OF tariff
construction that high duties yield
less revenue for the support II the
government than moderate or even low
duties. The Walker tariff OF 1916 was
more fertile OF revenue than any tariff
we have ever had, though its average
rate Of duty wa, not m ire than 22S
per cent ad vilprem. II keep the
Treasury suppl ed during the xpeu-
s've period Of war with Mexlco, Will,
he very high tariff Of 1890 she high
est ever attempted ia Am rica-has
not yililcd many golden ggs bnt is
rather unpr ,iuctivc 81 revenue. On
the other hand, II the duty on artiul
oil merchandise j. N 'dvra'e, SAY 10 per
cent (the average Of all Gu I ms duth s
collected IN Germany and several
other European countries) imporla-
tons of such cammodities are large,
and the revenue derived from the duly
is proportionately large
Ia view III this dominating pnnciple
the question raised in the Senate de-.
bate on Friday, whether tn new tariff
as formulated by the Senate, will yield
sufficient revenue for the government,
becames extremely important The
Senate has trimmed of lie peel 81 the
Mckinley orange, and has cut away
some OF the underlying issue, But on
hundreds Of articles Of merchandise in
common use it has laid so high )
tariff that the American people will
be CRAFTY discouraged, if lot n ,hibit
ed, from importing.
The crying exigeucies Of the Treas
ury and the pr sent stagnation OF our
foreign trade (shich has not been Al
80 low AN ebb for many years., not IL
dwell on the excessive "protectian
which the so c.led "csmpromi.ev
Senator's have put in the Seua'e bill
Will apparently compel the House b.
insist on material reductions of fhp
high tar fl rates fixed BY the Senate
on large number Of the chief rev
enue producing articles The CIV.
eminent must have sufficient rev
nue.; and sufficient revenue is 4
large one. Since ii is certain that
high tariff is destructive oil reyenu4
from imports the revision OF the Sen.
tie bill must necessarily be drcid a
and downward.
Treasury afIiri IL some weeks 40,
estimated 'hat the Senate's tariff
would yield revenue OF $l63, 1851 Oon
on the assumption that lie suga,
schedule IL rNtaiined, 4 that III.
wonld make \ surplus o. sixtyons
milliohs But this rosy e<timat
based on the imports Of previpns years
may prsve dalnSiye, AID beealeS, ihe1
House is not likely to surrender IL
free sugar clause With wheat aow
selling asl,w MS 54 cents a bushel and
business universally FRUSTRATED il NAV
De some m ,nths before tia im1ort
trade will he active. Moreover.
revenue OF sl63 36l 900 would i.
little more than pay pensions BIT II.
az is claimed HE Senate tariff win pr,-
duca surplus Of sixty. ne millions
then why Mt enlarge The free list i,
putting coal. iron and some IL he
great necessaries Of life, al wooden and
cotton clothing, blankets and manu-.
facturersof iron? The outlook nov
however is Thai there will be 4 consid |
cradle deficit This year And, even III
the "comprmise" tariff VIII bring sui |
ficieht revenue 70 run the governmental
itshould not be forgotten as Senator
Teller said I'VE owe $500, 90 600. |
some ot which viii become due very
soon. We shnll have 10 provide for
the payment of our national debt"
II the country il o be relieved and
its now PROSTATE domestic business
and dec ming foreisn trade revived Or
The solemn pledges u The dominant +.
party az all redeemed. The Conference
Dommittee q The House and Senate
mu come b 4 sps;es!!s agreement 10
make the new tariff much nearer
spprotch toa tariff for revenue onlyn
han has vet been even attempted by
he Senair- No radical md swe. b !
ny revision y now arke.i But The I
Jhinere wal now o~ering along our /
shele frontier must tie moderately i
ENTHUSIASTICALLY, vt least, to ad.
MI freely the grand staple nesessar. b
y q lie, as wool and coal. Il must 5
y also be lowered enough to permitll.
be entrHnce Of other prime neoessar. !
4, " wooden clothing, carpets and d
'lankets,at moderate rates 80 that d
be American people may ii once be d