New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-16
TIE THING To BE TESTED.

Whether the Tariff bill is good or bad the
ucorlr now have 10 learn 10y experience. II j.
4 blessing for The country that The blll j. MOI
So bad rs Democrats would have made IL II The
elections and The fears Of senators from manu-
featuring States had no; caused great changes.
But already II closes some wooll"n mills ana
the lotteries Of Trenton. employing about DIV"
hands. give notice That They will stop - soon
AS the work In hand X finished N'' even manu-
factiircrS ihcmScve. can safely pr'dic' how Inc
new connection. mainly ~ ad Vaipr"m duties
with all their facilities Tor fraud VIII Affect Their
Industries That Is 10 h- determined lay expert
mouf and the cost, however great. viii h1v" Z"
be- paid mainly by the working people. for With
ont ihc change the manufacturers have h"cn
running on the narroWcsi possible protts or
none
Some inlustric, will doubtless H. stimulated
for q time Wonilrn mills have the old duty hut
fr,.. WOO! until January !. aud could make lIrS"
profits If people would buy during The next
four months anything they could poStpon" buy
Ing obviously buyers are likely to restrict their
purchases similar effects are likely 10 follow IN
other branches where special favorS have been
secures, Prices have been very low. AMI cannot
be- reduced rs Democrats have taught the pco-
Die 10 expect. Waiting FOR The expected rTluc-
ton BUYERS are apt to limit their purchases
Til, will make It all the harder FOR those who
have 10 meet lew foreign competition nj al
yalorrm rates ~ duty. II will take ~ least Il
month or two 60 tex the bright hopes of revival
IN trade which So many indulge.
Treasury officials ar. counting upon a heavy
increase of lmporintions To raise the revenue
from Sl792Jl.l42, which the experts calculate
new duties will YIELD 10 somewhat higher
figure But these estimates are based on the
imports Of 1893 and the question Is whether
the people with much reduced wages. viii buy
or consume rs much * they did IN that year.
Experience will have 10 teach the officials Oh
that point. Treasurer Scarl'S. OF the Sugar
J Trust sharply corrccts the statement Of Mr. Will
! son. but fails 10 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 Oh hand.
AZ well as on raw sugar yet 10 be- refined. The
official imporiatons from March | 10 July |
were about 600, 100000 pounds more than in The
| same months last year. In July they were Ger
| talnly much greater than In June. when they
were 200 900 900 pounds, or ~ per cent. greater
| than last year The business has been 50 rushed
| In August. extra steamers being chartered In all
| directions, that the imports may probably cx-
coed last years by more than 2OoooO000 pounds
| this month"; especially If the President kindly
| gives the Trust present Of n few millions by
| holding the bill until August -.
| With 1,OOO,0OO,000 pounds more raw sugar In
| sight than year ago. and how much more re-
| fined nobody knows, the Trust will pocket from
| a third 10 half Of the revenue expected from
| the new duty for the first year. This cuts of
| S12OOO,0OO TO S2O,O00,OO0, and the decreased
consumption OF the people at higher prices will
cut off something more; how much Mr. Carlisle
| will know IN time His customs calculations
| are all based on imports Of lSH' while those Of
| 1894 thus far have been Of dullablc goods SlJG,.
| 100000 in value against S24J,OOO.WO in the
| same seven months last ycar-a decrease OF 81
| per cent Instead Of an increase compared with
1893. the 'rfeasuy may meet n large decrease,
| besides the loss Of revenue due 10 the opera
| tons Of the Sugar Trust. But In other respects
| the official nnticipations are questionable. Mr..
| Ford, Chief Of the Bureau Of Statistics, esti-
| mates the returns from the income tax ut some
| thing below $iJ,UOO,WO for the first fiscal year,
| instead OF the $3OOOOOOO allowed in Congress.
| Moreover the estimate whskcy Is again
| based on the consumption OF % 100000 gallons
| in 1893 but the returns just made for the fiscal
year 1894 show a consumption Ut only $1,000
600 gallons. which an advance Of 20 cents in the
| price Is extremely likely to diminish. More
over. the Trust has extra gaugcrs employed TO
rush whskcy out Of bond while the President
holds the bill, and the official estimate OF the
| Treasury Is that $lJ.OOOOOO will be paid on
whiskey within ten days. AT least 20,00O,0OO
gallons have already been taken out Of bond, 1t
is sald SO that the receipts on whIskey for the
rest OF the year are likely 10 be materially re-
| duced.
Instead Of about 4OO,O0O,OO0 expected. out
side Of postal and miscellaneous receipts. the
Treasury may easily find itself short S50,OO0,OOO,
besides all the decrease that may result from