Daily capital journal. (Salem, Or.) 1896-1899, 1896-10-31
MCKINLEY VS.. WILSON TARIFF
Showing Up the Republican Charge o.
Free Trade.

Stnb HoueJ SJflnReuCyi lON HlCO'
and consequent hard times are trace
BILE to the reduction of tariff duties
abandonment of protection and the
inactment OF the Wilson bill. In
answer to these assertions l submit
for the candid, considerate judge.
ment of the voters the following in.
disputable facts, taken from the Off.
cial statistical abstract of the United
States of 1895.
First-ls it free trade?-The last
year Of the Mckinley law, 1894, the
importatlons free Of duty amountedt q
1876, 100000. The first year Of the
Wilson bill, 1895, IL was $4,000, 600
decrease of free importa tions Of
81, 900, 900.
The last year of the Mckinley law,
the dutiable importations were $751;
QOo, 900; the first year Of the Wilson
law, 1854, 900, ,OO0-an increas of $97,-
100000 of dutiable. Surely law
that thus decreases the Importation
of free goods 81, 900, 900, and increases
the dutlable s97, 100000 cannot be said
to be free trade law
The per cent Of dutiable under the
Mckinley law, was 59i, under tile
Wilson bill only 51t, OF each hun
dred dollars worth imported, 8 per
cent more was free under Mckinley.
than under Wilson.
The Mckinley law taxed fewer arti-
cles, but taxed them higher; the Will
son law ia oed more articles but low
cred the rate somewhat, on what it
taxed.
Second-rate of duty.-The rate of
duty on the dutiable the last year
under the Mckinley bill was, 50.O6
per cent; under the Wilson law 41.75
per cent, reduction of only S.31 per
cent, 'on dutiable. Adding free and
dutiable together, the rate was prac-
tically the same; it being POPS per
cent under the former, and 2O.23 under
the latter, difference of only cents
on the hundred dollars. This would
be difference of 5000 on a million,
and only $146, 200 on the entire impor-
tations of last year,
Third-DuJy Collected-Th duty
collected.last year under the old law
of 1883, was 1926, 900, 900; the last year
under Mckinley it had fallen to
$129,0 100000, a loss of S97 200, 900.
The first year of the Wilson
bill it rose to 149, 900, ,O00,a gain of 2O,-
100000 oyer the last Iyear of the Nc.
Kinley law.
The revenues collected under the
old laws (1883) was 1892 per capita,
the last year of Mckinley, only
81 80; a loss of 72 cents per capita,
The first year Of Wilson it rose to
$2.l4 per capt., a gain of "a cents per
capita. See United States statistical
abstract 1894, page 24S.
Fourth Surplus and Deficit-The |
surplus collected from all sources in
1890, under the old Flaw Of 1883, was
s1n 1891, partly under
the Mckinley law, the surplus fell to |
S37, 10000; 1892, first full year under
to S9,OOO,OOO; and in 1898,
TO $1,000, ,O00-a loss in three years of |
S1O4, 900, 900, as compared with last
year under the law of 1888. In 1894,
Jhe lastSyear of the Mckinley law,
there was an actual deficit of $40, ,OOO,-
200. The first'year of the Wilson law
5he deficit was only $43, ,OOO-a re-
,overy.of S27,OOO,OOO. See statistical
distract 1895, pages 21 and 25. This
year. 1896, the deficit is still further
'educed to s25, 1000. See Carlisle's
twill thus be seen that if it had
lot been for the adverse decision of
he supreme court on the income tax,
lepriving us of about s4O.OOO,OOO per
lnnum, we would now be collecting a
urplus.
Fifth-Cash in the treasury. The
.vailable cash in the treasury over
nd above all reserves for the redemp-
ion OF silver, gold and currency GER
iicates, treasury notes, and green
'acks, was in 1892 about sl53, 200, 900;
500 ahOnt S069 00O OAo on incra.so oe