Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1894-09-13
REPUBLICAN MATTER
THE TARIFF BILL MUST NOW
BE TESTED.
Voters Who Danced at the Democratic
Ball In 1892 WIN Now Pay the Piper
Eating Crow - Protection for tho
President
Tho Thing to BE Tested.

country that the bill is not so bad
as Democrats would have made it if
the elections and the fears of sena.
tors from manufacturing states had
not caused great changes. But al
ready it closes some wooden mills,
and the potteries OF Trenton, 0 mploy-
ing about 5000 hands, give notice
that they will stop as soon as the
work In hand is finished Not even
manufacturers themselves can safely
predict how the new competition.
mainly ut ad valorem duties with all
their facilities for fraud. will affect
their industries. That is to be de-
termined by experiment, and the
cost, however great. will have to be
paid mainly by the working people.
for without the change the manufac-
turers have been running on the
ma rowest possible profits or none.
Some industries will doubtless be
stimulated for time. Wooden mills
have the old duty but free wool un-
til January /, and could make large
profits if people would buy during the
next four months anything they could
postpone buying. Obviously buyers
are likely to restrict their purchases.
similar effects are likely to follow
in other branches where special Ia
vors have been secured. Prices have
been very low and cannot be reduced,
as Democrats have taught the people
to expect. Waiting for the expected
reduction, buyers are apt to limit
their purchases. This will make it
all the harder for those who have to
meet new foreign competition at nd
valorem rates of duty. 1t will take
at least month or two to test the
bright hopes OF revival in trade
which SO many indulge
Treasury officials are counting up
on heavy increase OF importations
to raise the revenue from Sl79, 251,-
Jap, which the experts calculate
new duties will yield, to a somewhat
higher figure. But these estimates
are based on the imports of 1898,
and the question is whether the peo-
pie, with much reduced wages, will
buy or consume as much as they did
in that year. Experience will have
to teach the officials on that point.
Treasurer Searles, OF the sugar
trust, sharply corrects the state.
ment of Mr.. Wilson, but fails to
state, as he could OF course have
stated had he wished, the quantity
of sugar on hand, raw or refined
Obviously the profits which the new
duty and the higher price give
will be realized on all the refined
sugar on hand, as we'll as on raw
sugar vet to be refined. The official
i'm ,ortations from March ! to July
were about 60, J0J,0 pounds more
than in the same mouths last year.
In July they were certainly much
greater than in June, when they
were 0,OJ0,00J pounds. or 10 per
cent greater than last year. The
business has been SO rushed in Aug
ust, extra steamers being chartered
in all directions, that the imports
probably exceed last years by more
than 20J, 900, 600 pounds.
With 1.0o0.000.000 pounds more
raw sugar in sight than year ago,
and how much more refined nobod I
knows. the trust will pocket from a
third to a half of the revenue ex-
pected from the new duty OF the
first year. says the New York Trib-
une. This cuts off S12,00J,0OJ to
$40, 000,O 0). and the decreased con.
sumption OF the people at higher
| rate will cut OFF something more;
how much Mr.. Carlisle will know In
time HIS customs calculations are
all based on imports OF 1895, while
| those OF 1894 have thus far been
of dutiable goods $l56, O0J,0)O in
| value, against $245, 00).00 in the
same seven months last year-a de.
crease of thirty-six per cent In
stead of an increase compared with
1898, the treasury may meet a large
decrease, besides the loss OF revenue
due to the operations OF the sugar
trust. But in other respects the otilci-
al anticipations are questionable. MIR.
| Ford, chief Of the bureau of Stats
| tics, estimates the returns from the
| income tax at something below
SIS, OJ0,OJJ for the first fiscal year, {"
instead of the $50, 900, 900 allowed in
congress- Moreover, the estimate
on whisky is again based on the
consumption of 5000, 90 gallons ia
1898, but the returns just made for
the fiscal year 1894 show a .consump-
ton OF only $1,000, 00J gallons, which
an advance of twenty cents in the
price is extremely likely to diminish.
Moreover, the trust had extra gaug-
ers employed to rush WHISKY out OF
bond while the president held the
bill AT least 100000 gallons
have already been taken out of bond,
it is said, SO that the receipts on
whisky for the rest OF the year are
likely to be materially reduced.
Instead OF about $500, 000,0J ex-
pected. outside of postal and mis-
cellaneous receipts, the treasury
may easily find itself short $4,000.
900, besides all the decrease that
may result from imports falling be-
low those OF 1898. A general re-
vival OF business, under such condi
tions, is most ardently to be desired,
but it is not clearly provided by the
action OF a Democratic congress
GN..s. Ill