The Coconino weekly sun., 1896-01-23
AN EMERGENCY TARIFF.
A Measure for Correcting Democratic
 Deficiencies.

I o "c8BUEO IOE OOEr6CCIn8 O0mOCT0Clc Deficiencies.
 The new tariff bill has passed the
 house and is now before the senate. It is not a general tariff bill, nor is
 it intended to be. It is an emer-
 gency measure which will add from
 $4O,OOO,OOO to $5O,OOO,OOO to the govern
 ment's resources each year. It is a
 relief" bill, based on protective lines.
 There are many things in the present
 law which it does not touch, which
 every republican would be glad to see
 amended.
 to two years and half. That is. it
 covers the remainder of the present
 fiscal year and the two fiscal years to come. The reason for this is apparent.
 President Cleveland certainly would
 not sign q general protective tariff bill. But he may feel constrained to sign this temporary measure, in order
 10 relieve the treasury situation.
 When it expires by limitation it is probable there will be republican
 president in the white house, and a safe republican majority in the sen- ate. Then the work of preparing a
 proper protective measure can go on
 without hindrance.
 There is much speculation as to what
 the course of the president will be re- garding the present measure when it reaches him. He takes the untenable ground, in his annual message, that there is revenue enough furnished by the present law. But if he will examine the official treasury figures he will find nothing to support his absurd contention. He will note at once the depleted condition of the treasury, which has been supplemented with S162. 100000 of borrowed money, and but for this would be $100, ,000, ,O00 worse off than nothing.
 Looking for the cause of this, he will naturally examine the record of the present tariff law. which was passed just 16 months ago, and whose rec ord for Is full months he has before him. This record shows that in the l5 months of the operation of the Will son law it has produced s373, 96,64S. and that the expenditures during that time have amounted to $444,290,6 ,692- the deficiency for the Is months of it's operation thus being $70, ,494.O44. This makes an average monthly deficiency. since the law went into operation, of s4.69o,6O3.
 It will be quit, the natural thing to compare the operations of the law with the early history of the Mckinley law. That law acted normally until the elec- tion of 1892, which gave notice to the importers and dealers that it was to be destroyed. It will be therefore proper to compare the operations of the Will son law with those of the Mckinley law prior to the election of 1892. This comparison will show that the receipts under the Mckinley law, in the 25 months of it's work prior to November l, 1892, produced surplus above all expenses of the treasury amounting to $2s.245,641, or an average monthly surplus of S1,129,s21.
 So the record rt the two laws, while working under normal conditions, may be summarized in two lines, as follows: law. monthly surplus. .. .S1. .129 S21 Wilson law. monthly deficiency.... 4,Ss9. .s0a
 The emergency bill adds 15 per cent to the duties on all imported agricul- tural products. One of the most marked effects of the Wilson German law has been the enormous increase Of agricultural imports, mostly from and the simultaneous falling off of agricultural exports. The i'm ports in competition with our own farmers, since the new law went into effect, have more than doubled as com pared with the last year of the Me Kinley law, while the exports of. ag- ricultural products have fallen off over s70,O0O,000 in the matter of wool, tn. have jumped from &C., 299,934 to $32,6s9,791, and with an enormous loss of revenue from this article at the same time. The emer- sency bill corrects this by restoring wool to the dutiable list, and putting a compensating duty on imported man. fractures of wool.-Toledo Blade.