The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-07-06
A rarin for Rexenne-

10 Europe by saying that the
1 revenues raised under the Wilson
tariff law were insufficient 10
the needs Of the government. and THAI
the remedy needed was the re-enactment
| OF the Mckinley tariff law. or something
I Ike &C.. They have insisted that duties
/ should De increased. and lately went so
/ far as % Introduce into congress what
I 5 known as the Dlngley tariff bill. cali
/ ing 10 an urgent revenue measure and
I pretending that IL IL were TO become a law
I IL would afford the treasury relief through
| the raising OF additional revenues. The
| republican candidate. for the presidency,
Maj. Mckinley. stands for an increase IN
tariff duties. and asserts that higher du-
ties would give the treasury all the funds
needed and end all our financial troubles.
Let US see what reason there is in the
assertion that tariff for protection.
which the Mckinley law was. Is a better
revenue raiser than tariff for revenue.
which the Wilson law is. The fiscal year
Of the government ended on June 30. Al
the close Of business on that day Cashier
Northrop OF the New York custom house
prepared some tables Of customs receipts
for the New York World These tables
show that for the fiscal year 1856 the
receipts for customs duties at the port
OF New York were sos, 1923 62s.Ss. as
against receipts for the fiscal year ls93-9l
OF So, $40 is7.69. The fiscal year just end
ed was the first in which all the pro-
visions Of the wilson law were in
fun operation. and the fiscal year 1S93-9i
was the last in which all of the provisions
Of the Mckinley law were in full opera
ton. A comparison OF the workings OF
the two laws for these years. therefore,
is gauge by which their relative mer-
its may be judged. 1t is fair to take
the receipts at the port Of New York as
the basis for comparisons. because 50
per cent or more of the total importa-
lions of the country come through that
port.
The figures quoted above show that
during the first year Of the full Wilson
revenue tariff the receipts were sci, IA
1904 greater than We're the receipts dur
ing the last year of the full Mckinley
protective tariff. This was at the single
port Of New York, and there is no rea-
son to suppose otherwise than that when
the statistics Of all the ports are made
public officially, which will occur about
the middle of this month, it will be shown
that the results of the operations OF the
two laws at other ports were similar
to those at New York.
1t follows. therefore, that If Insult
cheney Of revenues from the tariff are the
cause of the troubles of the treasury and
the stagnation Of business. the country
has reason to be profoundly grateful that
the Mckinley law was repealed as soon
as 1t was, and to guard against a re-en-
actment Of that iniquitous measure.
Money for the Paris Exhibition.
Paris has not had a great deal of trouble
in raising the greater part of the money
for her great worlds fair that is to be
opened in 1900. She has raised 5000 900
francs by means of lottery bonds. Each
bond is for 20 francs and entities the hold
er TO 20 admission tickets. The bonds do
| not pay interest, nor win the principle of
them ever be paid All Of them have been
sold. however. What makes them so at
tractive IS the fact that they are lottery
bonds. The highest prize is 100000 francs
and the lowest 100 The number of the
prizes is quite large
The purchasr OF a bond practically gets
the worth OF his money in tickets. which
cost him only one franc EACH He is. of
| course, out of his money four years, but
he has a chance of winning prize
The selling OF 100000 tickets makes it
| quite certain that there win be very few
tickets sold by the exhibition manage
ment. Those already sold will more than
supply the demand for admission.
The exhibition managers have now 100
100000 francs. This includes the receipts
from the local subsidies and the sale of
the lottery tickets II VIII be sufficient
probably to meet all the demands Of the
exhibition The work of erecting the ne
| cessary buildings has already begun, and
II AOW 4oOhS dts II lie exposition would be
far the greatest ever seen in Europe.
A more or less striking controversy is
on between Edwin Gould's match COM
pany and the Diamond match trust. The
Diamonds are trying to make light OF
the affair, but the Goulds are going for
their rivals red-headed. The Diamonds
lead off every once in a while with some
flash scheme but the Goulds come to the
scratch every time, and give it to the
other fellows hot. The latest move on the
part OF the Gould syndicate has been to
buy up Diamond matches in order to sup,
ply dealers with the brand in case they
should be cut OFF by the trust for hand
ling Gould stock.
A rather novel divorce case has been
heard in Oklahoma. 1t was brought by
Rev. R. D. Worth, a Baptist preacher
of New York whose wife seer,s 70 49,.